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RE: Why STEEM is more valuable than you think
Thanks for the support! They work in the same way you can quickly turn your SBD into STEEM on steemit, (without trading).
For an SP site to enable you to turn e.g. Twitter Bucks into STEEM, they need to maintain a reserve of STEEM in their system for instant conversions.
Clearly it will make no sense to share you content outside a Token system in the future since there is so much value potential with this new system. Very curious how fast the switch will be when the major companies will start to look deeper into this? As the tweet above hints at it's coming big time to the mainstream masses. Will be super exciting to see the future value of STEEM if Smart Media Tokens goes well!
What is super fascinating is Liquidity Pools how they have to keep a reserve of STEEM. Especially if major companies start to do that. Probably their ego will first want to create their own platform like Steemit but that takes time and time may make them lose money if they fall behind. People that already has large followings on other platforms if they suddenly start to enable Tokens then I wouldn't be surprised if we would see people 10X their daily earnings!
Overall I'm very curious how much new money will enter the economy when this fully goes global with world population going up to 9 billion. Interesting times I guess you could call it. People like easy systems and trading clearly slows down the fun. Everything that increase the speed that will people adopt fast. Since everyone wants to save time and energy!