RE: Go home, it's DED
(Edited)
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I'm warming to the idea of assigning the inflation solely to hodlers, witnesses and SPS proposals; and letting the SMTs tokenise/reward niche content in different communities.
I'm not saying the blogging for STEEM experiment has failed; just that it's inefficient and soon to be unnecessary.
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I think it will go this way, but it is still a little while off before it does. In my opinion, some of the SMTs have to take hold before hand. The blogging for Steem has allowed many thousands get a foot (and many a leg and arm) in th door and more are needed to stabilize the platform. But if they aren't willing to buy or hold at these prices, they aren't likely to be the ones to stabilize it later either.
It's not a stage we could've skipped; it makes for a great distribution mechanism. It's feeling like the larval stage, though.
Yep. I think that the steem layer needs to become the more serious business layer without having to concern itself with all the nonsense.
The reference to nonsense made me giggle, although it would be wonderful.