RE: BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL! by frdem3dot0

Viewing a response to: @whatsup/re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180602t232621824z

bidbots · @frdem3dot0 · Jun 4 '18

$0.06

Obviously anyone can do with their stake what they want. But when stake is only used to make profit and not reward actual content, then steem loses what makes it unique and it will be just another inflationary coin. [post](https://steemit.com/steem/@frdem3dot0/selfvotes-circlejerks-and-steem)

👍 whatsup

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@whatsup · Jun 4 '18

I hear you and I don't know whether or not that will happen.  
Let's pretend for a moment you are 100% right.  
We still have an easy to use, fast, cheap coin to use with the edition of SMTs and Communities, I am not sure it matters.

What you your thoughts about that?

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@frdem3dot0 · Jun 5 '18 (edited)

$0.04

In that case I think it depends a lot on the SMTs that are being developed. There is certainly potential and steem could be just the underlying currency as ethereum is for daps.

Without meaningful SMTs I see no future for steem as we have a lot of fast and cheap currencies already. Take for example bitconnect. Some people argued it would still be okay since it still is a cryptocurrency. But we have enough cryptocurrencies, what we need is innovation.

👍 whatsup

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