You are viewing a single comment's thread from:
RE: Can SMTs and Oracles make steemit and other dapps content driven?
Do you think STEEM should retire from rewardpool altogether to stay away from any controversies related to distribution? Can STEEM can be limited to PoS mining and witness compensation? STEEM's inflation will be limited from current 8.7% to 2%. SMTs will work with developers and communities to find optimum solutions for (SMT) reward pool distribution. STEEM will be walled from any DApps/SMT's reward pool controversies.
I imagine it's going to work like this. DAPP stakes STEEM to secure bandwidth. Staking that STEEM and any interactions within the DAPP essentially award the DAPP owner the stake reward in STEEM. The owners and users of the actual STEEM token will be devs and DAPP owners, end users may never have a need for the actual STEEM token other than speculative investment and some base level of bandwidth required to have a STEEM wallet. Ultimately I don't think it could be retired as a reward, but it will be distributed to the investors and people running the DAPPS. It kind of already is like this in some sense, due to the 1% distribution of wallets holding over 500 SP. I imagine that the SMTs will derive their value from actual user retention, engagement, and quality content. If steemit.com continues to exist, it'll be awarding SBD like it's own SMT essentially and probably less reliant on SP to award that value and more heavily reliant on oracles. Hopefully that makes sense, but it's all just theoretical until we see it in practice.