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RE: What are the Economic incentives to buy and hold large amounts of Steem Power?
If 50 STEEMPOWER gives you all the RC's you need for a day to use all the applications that you want to use, then there are zero reasons besides that to get more then 50 STEEMPOWER as a USER.
If we want the price of Steem to go up instead of generating more Steem for the holders, comments votes and transaction should cost way more than what they cost today. Even 100x more...each.
That might trigger people to invest in Steem
Yes and No. If it's too expensive nobody wants to use Steem. Great that transactions are for free but if you have to stake thousands of Steem to post a blog nobody would go for that.
I don't think current RC prices are bad. Steem simply needs more users and incentives for DEVELOPERS/INVESTORS to stake STEEM.
These incentives are coming in the form of RC pools.
For USERS I would like things to be as smooth as possible. Quickly get a username and keys and then transact with the blockchain through easy to use applications for free through an RC pool.
Example: Signup through APPICS app, get username and keys, Login, start posting pictures and share those with friends while earning APX tokens.
I heard we need 2000 more users to fully utilize the current stake to create demand for RCs. We have to be careful to not engineer everything for a tiny user base that would make the site unusable if we had more activity.
I guess I was thinking that, even for a dapp, if lets say 20K SP is all it takes for them to have a fully operational app with thousands of users interacting etc using their RC pool, I can't find a reason why the price of Steem would go up in the future?. Unless we are talking about thousands of dapps here...
I think to figure out how more activity would play out with the current RC settings one would have to be better a modeling what more use would look like.
I have shared your concern, currently it seems like we have a lot we can do with a little steem, but remember that changes with more users the RC credits get more expensive vs. remaining static.
I don't have any answers, just though I would bring up the point that you can't model it around today's userbase if you want to grow the user base.
I don’t think the focus will only be on dapps. Perhaps thousands of communities, with owners, admins, ability to pin posts, mute posts etc will put many more people than just dapp owners the ownership mentality and look out for the growth of these communities. I do think communities will have SMTs too even without a dapp, looking at the structure of communities on betasteemit.
Another thing that may help price is it being the base currency or pair against smt like btc is. Plus I foresee people coming from outside too, to make use of a decentralized exchange perhaps to hold or trade steem or SMTs that have gain popularity.
Another incentive to buy steem is for claiming accounts. Accounts may not seem so valuable now but it can grow valuable. Even in recent times it has grown more valuable. One steem account accessing hundreds of dapps.
I'll drink to that
Too late. That's exactly what the last HF was designed to, and succeeded in creating. The same people now complain about users earning and dumping.
The old adage of 'spend a little, save a little' has never been more apt.
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