RE: Steem Basics: Why Steem is an Application-Specific Blockchain
Steem has enabled us to play with a money printing machine in creative ways. Look at @Actifit which is already used more than average ETH apps and they are only in their Beta phase but pay people to move. The SMT protocol also enables us already to incentivize support with bounty systems, giving a first glance at how it could look like one day when fully implemented.
Great that you mention UA score as I am building the 1UP community curation system powered by the 1UP SMT. We enable a gamified 1-account-1-vote system by integrating the UA API to build our userbase based on a minimum threshold. The SMT will give us access to our own reward pool that we control basically entirely with the platform account and the token holders who trail their favorite communites and earn higher curation rewards through a smart frontrun system.
I am looking forward to meet the Steemit team at SteemFest3 in November and present the ready application.
Having just started using Actifit, I’d say it is very stable for ‘beta’ Phase. A little bit rough and ugly, but it works!
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