The only thing about this structure I’m having a hard time grasping is what would make GPT hold monetary value? What’s the incentive to buy & hold that gives any monetary reward?
I don’t grasp how the GPT rewards pool will hold and distribute monetary value.
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It may not have monetary value. But may be use as an airdrop list for all SMTs as well as a way to make sure that an account is a real person.
Oh ok. So this is more like a validity checker?
It could work like the rep system we have now. Maybe the token is meant to work like a "verified" tick on the Steem blockchain? I can see devs using a "sort by gpt token holder vote count" function to list posts that are actually trending rather than the messy system we have now.
it's the same reason why steem would hold monetary value. it's a proof of brain that you've participated in creating quality content for the steemit community. in theory the community will decide in a democratic way who gets the GPT. in this diagram steemit inc must verify you first.