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RE: What if... Spork - Steem without SteemIt, Inc

in #busy6 years ago (edited)

The economic core mechanics of the steem blockchain is about:


The Vesting Fund
198,760,033 STEEM
396,248,661,693 VESTS


STEEM Per MVests = 501.604 STEEM


With these Mvests comes power, voting power, to vote on witnesses, and to get these Mvests you need to powerup [stake] steem as utility token into Mvests.


Another token [SMT] can never and will never have these properties.

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yeah... it was a fun idea to think through. Sometimes I have to talk about something to make it real in my head.

Pretty sure this is a no go. For one, I'm not willing to put the effort into it.