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RE: An unknown RC / SMT / Steem future

in #steem7 years ago

It would be nice indeed to make money doing what we love. These are interesting thoughts @tarazkp.

I didn't really understand many things you dropped on the post. Well I am still trying to wrap my head around the RC stuff and though I have an idea of how smt's might operate, I don't even know how they would be like.

If communities are built around a token, it would definitely mean a lot of users of the chain. I read a piece on @sndbox written by @raj808 yesterday and it grabbed my attention.

The gist of the piece is Writcoin, a proposed token for a creative writing community. From what I gathered, the token is meant to support the work of poets and fiction writers on the chain whose posts are mostly ignored as well as enable an access to the traditional literary journals and publishing industry.

Now I do not expect everyone token to be of this nature. There will be some like the Hunt token with a different purpose behind their creation and intended use.

The major idea is that members of a community can get rewards that reflect their contribution to their community as well as their consistent use of any dapps created by and for the community members or not.

Can a token, if popular and in constant demand grow bigger than steem as SBD is presently? Because if it is possible, steem will get relegated to the background and definitely end up as a hold coin.