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smooth

@smooth

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2016-03-25 13:36

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smooth

Hive Governance

7y

RE: Single token, simplification?!

creating utility and liquidity for STEEM would be much more valuable than SBD imho That was a reasonable view 3-4 years ago, but the market has moved on from that to more of a focus on stable coins, and

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smooth

7y

RE: Quick note on burnpost

Thank you for the discussion.

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smooth

7y

RE: Quick note on burnpost

but SBD is debt. DAI is literally debt! What do you think the "D" in CDP stands for? You lock up ETH and are lent (i.e. debt) DAI as long as you leave the ETH locked up. In order to repay the

smooth

7y

RE: Quick note on burnpost

There is no reason, necessarily, that DAI would be worth more than 1$ just because ETH drops. In fact it may be worth less than $1 not only because of supply and demand factors but because of the increased

smooth

7y

RE: Quick note on burnpost

The way I see it rewarding from inflation is questionable and in a bull run can end up printing a lot of Steem being paid out with very little benefit. During the last bull run we had people getting paid

smooth

7y

RE: Where are the Votes (SP) going?

So I'm not sure if the voting meets your quality standards. The tail it votes is huge, so there will naturally be stuff in between where not everyone agrees. I'm not sure that it doesn't. I certainly don't

smooth

7y

RE: Quick note on burnpost

I thing this can be kill Steem in a unlucky ( middrange) Bullrun. I don't see that at all. In a bull run, inflation is actually reduced by the presence of SBD. The tougher situation is in a bear market.

smooth

7y

RE: Where are the Votes (SP) going?

I'm open to considering some delegation to @curangel. Last I had heard (perhaps incorrectly), it had stopped downvoting, which made it a non-starter from my perspective. Thanks for the info. Where can

smooth

7y

RE: Where are the Votes (SP) going?

I need to write this down on paper and pencil and digest That, and posting about it, would probably be helpful. That's pretty much what I was referring to when I was commenting about marginal value and

smooth

7y

RE: Where are the Votes (SP) going?

for example that an individual using option 1 hurts everyone else, while option 2 is neutral in that regard. I think that is actually a huge distinction, not a minimal effect. That's not even the full

smooth

7y

RE: Where are the Votes (SP) going?

smooth

7y

RE: Where are the Votes (SP) going?

What puzzles me is the reasoning that users choose #2 because of that. Clearly the choice should be #1, or not? Well #1 has to exist (which requires creativity and initiative on the part of the posters,

smooth

7y

RE: Where are the Votes (SP) going?

I don't agree that reducing inflation benefits investors really. It is neutral. There are basically three classes of usage rewards/inflation can be allocated to: Positive (spending $1 results in >$1

smooth

7y

RE: Quick note on burnpost

Maybe so, but realistically it would likely be years (at a bare minimum a year) before that sort of code change is made on Steem given current development processes, resources, and roadmap. Meanwhile,

smooth

7y

RE: Quick note on burnpost

It is absolutely the voters, and I'm one of the voters too. (Though I do vote late to reduce trending. I also haven't voted for this rules update at all.) I absolutely believe, 100%, that there should

smooth

7y

RE: Quick note on burnpost

Take it up with the voters. I'm quite sure there is a lot of stake held by people who don't share your opinion on the value of the Trending page. I know I don't. As for the market swings, I suggest you

smooth

7y

smooth

7y

RE: Quick note on burnpost

Who can say what makes markets do what they do? Ask 3 people, or even 3 experts, and you are sure to get at least 3 different answers. All I know is that there would have been a whole lot more STEEM being

smooth

7y

RE: Where are the Votes (SP) going?

smooth

7y

RE: Quick note on burnpost

The beneficiary receives part or all of the rewards from a post. If you are using the steemit.com UI you can find it behind the "Advanced settings" link when making a new post.

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