I think it is quite simple. I think the underlying target is growth in numbers but stirred by apps and communities. Assuming there becomes 1m users and with apps, noting that some apps have myriads of transactions besides comments like say transfers etc all happening on the chain, they will need rc to transact, which means buying and staking steem but more than just steem carrying the load, app creators and community leaders are incentivized to pursue the success of their dreams, which say now uses their tokens but still need steem for the growth in numbers of their apps. Some may buy steem and power up just for the sake of claiming accounts which is expensive ofcourse to make their project mainstream. Overall the rc tech allows for that scalability in itself. That scalability wasn’t so possible before rc. Now would people who own projects buy steem to enable growth for their projects? I say they would looking at the tribes. Some who raise some money selling tokens putting it back into steem to vote on their communities and some to claim accounts and delegate to these users when their accounts are setup. This is just an example. Do tribes for instance not need steem considering that these tokens have their own seperate pools and voting power and the answer is they have still needed steem. Even if you had 100k staked marlians for instance and you have zero steem power, you still can use your power on the tribe to vote cos you need rc to. Now there will be rc pools that is delegatable. This can constitute and enterprise on its own, where people power up steem and rent out or delegate their rc to others. Ultimately, I feel it all boils down to the growth in masses. A steem account is becoming valuable. Right now it cost some say 3 steem to get a steem account fast. But soon a steem account can be sold as one account and you have access to 50 apps with the ability to earn 50 more tokens. I think people will seek to have a steem account. Now with masses this all adds up. With claimed accounts sign ups can be instant too and that alone when fixed can increase user growth fast and now not courtesy of just steemit but courtesy of an app or community in line with a persons interest. Now if steem can handle the numbers and it really gets to have say 1 millolion real active users across all apps, there will be need for more powered up steem and with many more tokens or communities of interest, there will be more zest for attaining rc or powering up steem
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RE: Initial Coin Offerings with SMTs