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RE: Why Palnet and Why Now?

in #philosophy5 years ago

This is mind blowing stuff. I love seeing the vision that I've wanted for Steem for 2 years coming to life by way of the community rather than a centralized org.

I'm curious to get your perspective on this, if you don't mind:

Where do you believe Steem is headed? Do you believe that front ends like Palnet and tokens like PAL will eventually become what everyone focuses on while earning small amounts of STEEM in the background? If so, do you think STEEM inflation should be lowered to reflect that vision?

Alternatively, do you believe that STEEM is going to fade away as a currency and we'll all focus on things like PAL tokens?

It's all so interesting, I just love to get more perspective on it. Thanks for bringing this to life, I'm already preparing my first Pal Post ;)

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I think STEEM is going to always be the oil that the "engine" needs to run. We can build all kinds of communities and dapps on the platform, but we still need STEEM POWER for the resource credits and account creation. I think in the future we'll see communities holding the majority of the STEEM while end users derive their value via tokens and rarely hold STEEM. With the addition of resource pools, they won't even have to as the dapps they use will be able to basically pay for the resource credits for their users.

"I think STEEM is going to always be the oil that the "engine" needs to run."

I agree and love that future. It makes far more sense to me than the current status quo. I look forward to seeing Palnet evolve and grow, thanks for sharing your personal vision 🙏🏽

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