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smooth

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2016-03-25 13:36

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smooth

7y

RE: HF21: What Makes Steem Valuable?

Well almost every single cryptocurrency has some value even the most nearly-defunct ones with abandoned development, semi-broken blockchains, etc. They almost never lose all value. As far as why it has

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smooth

7y

RE: HF21: What Makes Steem Valuable?

It's not really a lottery when there is near-linearity among everything above 16 STEEM. It should be quite different from the original n^2.

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smooth

7y

RE: HF21: What Makes Steem Valuable?

There is no trivial way for a bot to find the most profitable posts to upvote because the curation algorithm is designed such that voting on anything is equally profitable at any given point in time. To

smooth

7y

RE: HF21: SPS and EIP Explained

I'm not saying I'm happy about discontent, but frankly a degree of discontent is inevitable when things generally aren't going all that well for the platform as a whole. In an ideal world, everything about

smooth

7y

RE: HF21: SPS and EIP Explained

Good, that is the system working as intended.

smooth

7y

RE: HF21: What Makes Steem Valuable?

Yes, if someone is buying STEEM that doesn't influence people's eyeballs That's the premise being claimed above which I am questioning. In a lot of ways we seem to agree.

smooth

7y

RE: HF21: What Makes Steem Valuable?

In practice, it's still speculation for a very long time. The speculation is over how much it will grow. Building a blockchain to do Y may demonstrate it can do Y, but from a value perspective, that is

smooth

7y

RE: HF21: What Makes Steem Valuable?

Sure more usage can correlate with higher value. That's not at all the same thing as 'eyeballs' though.

smooth

7y

RE: HF21: What Makes Steem Valuable?

I don't think Steem has really demonstrated much clear utility. It has properties which can be useful as you described quite clearly in your "STEEM is not Steemit" post, but its user base has

smooth

7y

RE: HF21: What Makes Steem Valuable?

Well the simple fact is you can't, as a typical user, "look" at a blockchain in and of itself. You are always going to be using some sort of application and the application is effectively a

smooth

7y

RE: HF21: SPS and EIP Explained

I honestly appreciate the feedback and input

smooth

7y

RE: HF21: SPS and EIP Explained

Shouldn't a discussion have at least been considered over all stakeholders and not just a subset. Shouldn't all stakeholders have an input earlier in the cycle to avoid costly decisions having to be made?

smooth

7y

RE: HF21: What Makes Steem Valuable?

Eyeballs are largely a property of a web (or non-web) application, not a blockchain. The white paper and in many ways the whole Steem community both confuse the two in very significant ways. There are

smooth

7y

RE: HF21: SPS and EIP Explained

So this advisory discussion involved the witnesses proposing not to shoulder any of the burden of the 10%..? Some witnesses proposed no change to witness rewards including myself for the reasons already

smooth

7y

RE: HF21: What Makes Steem Valuable?

At the time that post was written, STEEM had a market cap of over a billion dollars. Today it's just over $100M. Where many other tokens have grown 10x in value, STEEM has declined 10x. Very few tokens

smooth

7y

RE: HF21: SPS and EIP Explained

Is the wording incorrect or ambiguous? I'd say ambiguous. Somewhat a desire to dodge responsibility perhaps, but that's also somewhat fair because as I stated earlier, the true decision makers are the

smooth

7y

RE: HF21: SPS and EIP Explained

That is one way things can work. Individual apps can have their own tokens, algorithms, and eligibility policies. For example they can easily ban anyone they want, which is one way to address some of these

smooth

7y

RE: HF21: SPS and EIP Explained

I would guess it will eventually get there, but not yet. The main priority was reducing the costs of Steemit's own expensive RPC nodes, and they did that.

smooth

7y

RE: HF21: SPS and EIP Explained

every single altcoin is in the gutter Yeah and at least 50 of them have STILL managed to outperform Steem. Stop making excuses.

smooth

7y

RE: HF21: SPS and EIP Explained

The average user has been ignored and maligned to date By whom? I certainly don't malign the average user and I would like to think I don't ignore either, though certainly it isn't possible to pay individual

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