RE: Why I won’t be compromising with Justin Sun by creativeblue

Viewing a response to: @blocktrades/why-i-won-t-be-compromising-with-justin-sun

steem · @creativeblue · Mar 16 '20

I wonder how @blocktrades would he solve the problem of building value/demand for newly created and aidropped token.
If I will keep my steem and I will get some token for free
then this new token will initially be only "free money"

>  It’s actually much easier for us to launch a chain, because of the many lessons we’ve had operating the Steem blockchain.

How to create demand, which could remotely come close to huge supply of tokens that will be dumped left and right. PAL token should be a great lesson, that it's super hard to do.

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@deniskj · Mar 16 '20

You can't really compare the two, PAL and the new coin. PAL was only listed on Steem Engine and traded internally so you couldn't access it without a Steem account. The new token will be listed on external exchanges making it available to practically everybody.

This is more of a long term deal though. Better the new token than Steem under Sun who just wants to dump his entire holdings.

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@crypto.piotr · Mar 17 '20

Indeed @deniskj. Those are "technical" differences.

However from economic point of view i also see more similarities than differences. After all what will stop everyone who will receive free aidrops (which means that they will have STEEM + new token) from dumping it the way they did with PAL?

How to bring value and create demand? After all supply will be huge. And the moment this new token will be listed - how to avoid situation where even 10% of aidrops will be dumped?  What if 20-30% people would decide to dump both - their steem and new token, assuming that neither one or the other is worth holding to any more.

Demand need to be created somehow.  I hope I'm making sense.

Yours, Piotr

👍 deniskj

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@deniskj · Mar 17 '20

Well put.

It is almost guaranteed people will dump the coin, I hear it is called Hive, as soon as they receive the airdrop. At least most of it will be locked up in Stake for the short term.

Eventually it is a question of whether you value what the Steem Blockchain offered and if you want to continue on that path but on a truly decentralized platform or if you are just here for the short term gains.

There is an opportunity here to become a dolphin on my part and support my own community of African bloggers and blockchain enthusiasts.

👍 creativeblue

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