RE: The Best News in The World: There Is Not Enough STEEM To Go Around!!!! STEEM A $600 BILLION blockchain????

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The Best News in The World: There Is Not Enough STEEM To Go Around!!!! STEEM A $600 BILLION blockchain????

in steem •  7 years ago 

For those who do not know, the reason that STEEM has no direct transaction costs is because this blockchain operates based upon bandwidth.

That and we pay the witnesses 10% of all Steem inflation.

I assume SMTs will be like ERC20 in that you pay Steem for the SMT. Actually, I wonder how that will work exactly to stop SMTs from being able to manipulate the market.

steem
7 years ago by

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      ·  7 years ago 

    I don't think you will be able to buy SMTs with Steem. Pretty sure it will only be sell.

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      ·  7 years ago 

    STEEM with be the base currency pair for all SMT's when using the STEEM Decentralized Exchange. For both Buys and Sells.

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        ·  7 years ago 

      If you can sell SMTs for Steem you can buy SMTs with Steem. I don't follow you.

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          ·  7 years ago 

        Not quite sure about that. Can't you just make it so you can only sell it? Not to a private user but some Steem official place. Not quite sure it takes some more thinking to consider. Markets are interesting and can be complicated.

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