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RE: Steem: SMT Testnet to be released in 1-2 weeks (They are finally here!)

in #steem2 years ago (edited)

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.

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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.

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