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RE: Steem: SMT Testnet to be released in 1-2 weeks (They are finally here!)
This goes back to the need for reduced Steem inflation. Just sayin’
I also think the fee to create an SMT needs to be somewhat high so only “real” SMTs are created. A ton of novelty coins just dilutes things and confuses none blockchain folks.
Yep, the fee needs to be high enough to discourage spam but low enough that it encourages new apps/businesses/communities to want to call steem home. No idea what that price point is though. :)
Regarding the Steem inflation... that is a tough one. Right now we need less inflation as there is very little demand, however, if we had a decent product and lots of people were actively signing up, the inflation would probably be pretty helpful.