RE: QuadrigaCX: The Plot Thickens
Yeah, sounds pretty suspect to me as well. Steems safety protocols for those like myself who don't trust our abilities to stop hackers since governments and corporations can't(or our ability to 100% maintain them at all times) makes it the leading edge chain as far as the masses.
Totally off subject, but if you get time could you do an indepth post on the Steemengine token creation process that came out recently? I have read several threads, but there is a lot of key information I am not seeing. Maybe they exist on threads I haven't read, but it seems from what I have read to be a vanity token machine. I don't read how it will actually benefit Steem, how they are managed independent of the Steemengine group as far as creation etc. Are there costs associated per token? I could list a million things I am not understanding on them. Since you have been my go to on explaining crypto I thought it wouldn't hurt to ask.
Could you point me in the right direction? There are a lot of projects that use the keywords Steem and Engine.
This was the initial post I saw on them.
https://steemit.com/steem/@runicar/smt-s-finally-here-but-not-made-by-stinc#@runicar
I don't do the discord thing which short circuited my beginning questions on that thread. I'm not sure if I should get excited or if its just going to be a watered down vanity token press to make shitcoins that no one will ever hear about to fund non existing, dead end projects (enrich the shitcoin maker and their pals). I appreciate any insights you may gain and share on this. The site seems scarce of posts on what should be great news.
Right right this is the project that caused @shredz7 to change the name of his project from SteemEngine to Stratos. He is much closer to these projects than I am you should ask him. He knows a lot more about the technical details.
I seem to recall a conversation we had some weeks ago about how these smart contracts might be vulnerable to attack by DDOS and the like.
The concept of it all is still sound. If you can create nodes that are in consensus developers can make assets on the Steem blockchain just by leveraging our posting key cryptography. Given the rules of the digital asset, they can be created and transferred by piggybacking info carried by the main chain (in this case Steem).
I think the most exciting thing about it is that it's being attempted on multiple fronts. Something is bound to stick.
We've got SMT being developed, but that was taking too long.
Now we seem to have SteemEngine, Stratos, and Vaporchain in the works.
Exciting times.
and this is for your prior article about self voting.. seriously.. your post are quality wise from another level!