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RE: What are the Economic incentives to buy and hold large amounts of Steem Power?

in #exyle5 years ago

I guess the original question from Louis could be asked about any cryptocurrency really. It all depends on the use cases for the token.

RCs are no doubt the key for the platform and that's why I've been trying to load up on SP. There are other ways that SP can gain itself though.

Curation, content creation with those dapps you mention, dlease is another way that I've explored and works pretty well, contests with prizes... The list goes on but still, the importance is onboarding new users as simply as possible and SMTs and communities are going to be a big part of it.

As a user, I like the interaction aspect but so many discord servers is kinda off putting, I'm hoping to see some embedded forums with communities but I'll have to wait and see how things look when they are launched.

I'm thinking in years though - use cases for steem will come about if people make exclusive products that can only be bought with steem that creates a buying pressure (which you mentioned).

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