New steem.io launch!
We are excited to announce that we have now launched a brand new steem.io website!
The steem.io website is one of the main sources of information for the Steem blockchain and STEEM currency. Many potential new users and investors will land there looking for information about what the Steem blockchain is, what it does, and whether they should get involved. It is important that we keep this website up to date with accurate information and present the blockchain in the best way possible so that we can get everyone as excited about the platform as we are!
Much of the information on the site has been updated, including:
- Smart Media Tokens (SMTs).
- “Proof of Brain” and the rewards algorithm that encourages content creation and curation.
- Steem vs. Bitcoin/Ethereum.
- Steemit.com - the first app on Steem.
- STEEM on Bittrex, Poloniex, and OpenLedger.
- Platform statistics.
- Steemit Wired.com article.
- The Steem community (a picture from SteemFest 2016).
- A link to the @steemitblog account, as well as the Steemit sub-Reddit, Facebook and Twitter accounts.
- The steemd.com block explorer.
- The Dev Portal.
- The GitHub repository.
We plan to continue making additional changes to the site as well. Please let us know if you have any suggestions for changes or additional content. We also encourage users to submit pull requests to the steem.io GitHub repository with any changes they would like to make!
Now that we have the new website in place, we look forward to it becoming the go-to source for anyone interested in learning about the Steem blockchain and STEEM token. There are so many exciting things going on and steem.io will be a great tool for sharing them with the world!
Steem on,
Team Steemit
I don't like the term 'proof of brain'. Steem is DPOS ( delegated proof of stake ). When users post on steemit they don't actually mine steem nor secure the blockchain so it is very misleading to call it proof of brain because it is technically inacurate and there is no innovation there, not to mention that it sounds ridiculous. You have to get rid of the concept of mining, people don't care about this stuff and the few who do are going to be confused by this term.
some typo in there
And please do something about the curation reward incentives which are not working at all
https://steemit.com/utopian-io/@lexiconical/allow-authors-to-determine-curation-split-and-timing-edit-30-minute-delay
https://steemit.com/steem/@snowflake/make-curating-great-again
Also I'd be grateful if you could explain the slogan 'money talks'
This is not helping steemit image imo.
I actually wrote about this a month ago. https://steemit.com/steemit/@vimukthi/we-are-human-asics-steem-ponzi-scheme-explained-debunked
Compared to gold, Cryptos aren't REAL. They are not Tangible. Cryptos are not real assets. They have value because of what they can do. Cryptos are the hyper-gold except for being REAL. Most cryptos are mined or minted in a POW or PoS process. I see STEEM not as a social media but as a non-PoW non-PoS mining/minting process. Just think for a moment what if we could replace the Hashes and piggy back on social media activity instead.
What I love the most is the whole process having an intrinsic value. Even in PoS mining, the token/coin creation process itself has no value on its own. Steemit has built the single best mass community on the net and used the community itself as the mining process. It's Human Action within Human Action; 2 layers of pure capitalism.
Blocks are produced using DPoS. But the rewards are allocated based on the activity within the eco system. Instead of how many hashes you can do, steemit creates a system where it's about getting the most upvotes by providing value to the community. It's value on top of value. Proof of Brain/Creativity/Contribution is simply a term to describe piggy backing the token creation process on an intrinsically valuable system of Human Action.
I like the idea that tokens are created based on users's contributions ( even if technically not true), what I don't like is the word used to express this idea.
Token Are created based on users's contributions. But they are not created by the contributions or the contributors. Creation is done by DPoS and the created tokens are distributed based on user's contributions measured by the received upvotes.
In a DPoS system, the token creators tend to be much similar to mining pools than miners. This isn't a perfect allegory. But it's an interesting observation I've come across.
This is wrong. Tokens are created at a fixed rate by block. They are then distributed to users according to voting.
Which is why it's not "proof of brain"
I absolutely agree that "proof of brain" is a pretty bad term. It has a nice ring to it and people that know very little about the technology might like, heck, it might be a nice marketing strategy, but it's absolutely inaccurate.
And there is a very common killer example to show how inaccurate the term actually is - all the bot voting. How are the bots showing they have a brain? If this system is supposed to be a proof of brain one, then it isn't working at all as automated voting and earning is commonplace here.
So I do agree that the term needs to be replaced with something better and more accurate.
Proof of Brain is Rewards Pool consensus. DPoS is Block Producer consensus. There is innovation in PoB - everything to do with the Rewards Pool allocation for content creation and curation is and it needs to be described succinctly.
Is Proof of Brain an alternative phrase for 'Subjective Proof of Work'?
Yes, I think so.
The consensus mechanism is used to secure the blockchain, why do you need it for the reward pool ? I don't get it..
I think what Ned is trying to do is put focus on the rewards voting and labeling that "PoB", which is the part that new users need to wrap their head around before they move on to the other "consensus" that we have about the actual blocks. Hope this makes sense and that I'm not way off here.
Labeling reward pool distribution as 'PoB' is wrong, because the allocation mecanism does not use proof of anything, it's just a smart contract and so there is no need for consensus, the blockchain is already secured by DPoS. Proof of work has a clear definition, it's not some vague concept that you can apply to anything by just adding quotation marks..
It's true, or so I think, that there's not cryptographic "proof" so to speak in this case, but rather there is "brain work" that gives an entry into the economic system without doing the classical buy in of currency/hardware to "mine" it.
You're right this does introduce some confusion. I can see use for the term on a microscale, but out of context (which it's going to be for most people, both non-steem techies and non-techies) this could be very burdensome.
A better term should probably be introduced at some point.
Wouldn't Proof of Contribution be a good term. It discribe what's happening under the hood with greater accuracy.
Instead of how many hashes you can do, steemit creates a system where it's about getting the most upvotes by providing value to the community. It's value on top of value.
The upvote system isn't perfect. But it represents the contribution of an individual to the community. My term may not be perfect. But it's pretty damn good IMO and it can be backed with reasons.
I think using proof of anything is misleading but if they are going to use this word anyway, proof of contribution sounds much better. Actually I'd use 'contribution proof' so as to not confuse this with a consensus mechanism.
Contribution, or percieved contribution, because who knows how many real users vs bots might be a better term.
Of course in the end, technically, it all circles back to a real brain somewhere doing the work and being rewarded for that work. Hence proof -of-"brain (work)" isn't an alltogether horrible term, but it can get very confusing.
Says the guy whose delegation is used to fund plagiarism. What innovation is there in plagiarism?
Details: https://steemit.com/plagiarism/@littleboy/neds-pre-mined-sp-is-being-used-to-promote-steem-abuse
"Voting"
Got 'em, coach.
Fair response.
As I mentioned in my other comment, I think the biggest problem with the phrase "proof of brain" is that participating does not actually require a brain. There are a ton of automated votes that are part of the steem ecosystem, so nobody has to prove they have a brain in order for them to participate. So if the idea is to have a proof of brain, the bar is currently way too low ;) Everything that's being done on the platform, can indeed be done without a brain.
It's a nice-sounding buzz word that has something to do with the typical blockchain terminology, but I think you guys should look for a better and more descriptive term, because this one is obviously inaccurate.
thanks for bringing the issues infront.
How would you describe the reward pool allocation in a concise, catchy way to the target demographic of users (hopefully, people likely to be engaged and get at least some SP)?
I'd just say rewards are distributed based on users's contributions.
You can find Russian version of this post HERE
Русская версия тут
Is the whitepaper now deprecated? It's not linked on the new site and I was unable to open the link to the whitepaper.
Also, in the blue paper - I see:
Who are the vested token holders? Is that intended to refer to the APR shown in the wallets? If so, is the 0.01% APR in the wallet produced by a calculation involving the total amount of new coins available for 'vested token holders' and the total amount of vested tokens in the system?
Thanks to anyone who answers :)
vested tokens = steem power
ok, thanks! I have been reading the whitepaper that i had saved on my computer and it makes this clearer.
So, 15% goes to steem power holders. How is it distributed?
linearly as far as I know
Every year?
non-stop, but I think it goes down over time (and will eventually approach zero)
Yes, that is better. Also, steem should always have a 2-3 dynamic inflation to fund the reward pool. I read that the inflation will go to 1% which I think is too less to fund the reward pool when there will be a lot more people in the platform.
Great website! I love the emphasis on SMTs and I'm really excited for the future of the Steem platform, especially as more apps come on board.
If you guys could do something to reduce overt "gaming" of Steemit, I'd be a bit more optimistic.
As it is now, it seems the platform is drowning in spam and low-effort copy-pasters who think reproducing a website is "curation".
It just makes Steemit look like a web-scraping bot farm, and I fear the original creators may not be enough to turn the tide.
Prove me wrong, show me tools that help fight this.
(And not user created, but platform integrated utilities and top-level strategies.)
Awesome. Looking forward to making the best use of the new website. I hope Steem prices also increase now. Not been much positive lately.
Well, a soothing quote might be appropriate:
They seem to be on the right track;)
PS: did not update the API lib though, hope work-in-progress
To quote another great financial mind: "Cryptocurrencies are not for the faint of heart."
Happy to see the effort in branding on both steem.io and steemit.com. We need to make design a priority to bring the masses into blockchain applications. #design
Thanks for the updates on the Steem.io website.
I would like to thank the developers for the new logo and the swift speed we now have on Steemit.
The last few weeks i was promoting Steemit in Uganda,the site was down and i had to explain a lot to the people i bring on board why it wasn't loading and slow!
Its great now and speedy.
would be great if you could put links there to all the Steem based projects: Steemit, Zappl, Steepshot, Dtube, Dsound, ChainBB, Busy, Utopian etc
Yes, or simply to an index page over all of them.
Would these technically be competitors?
Steem.io is supossed to be about the Steem blockchain not Steemit.com. In that context they are not competitors. There should be a list of all the major apps conecting to the blockchain divided in categories (e.g. social media sites, wallets, tools, etc)
That depends on their particular reveneu/investment/'charity' model. I think currently some of them are, to a certain degree, competing.
Theoretically, although I don't want to imply that this is necessarily the case, Steemit inc (whom I suppose controll the Steem.io site) could of course deny listing any apps that they think could be hurting their bottom line. At this point in time however , I have a hard time seeing why they would.
How about listing all of the currently available apps / sites running on the Steem blockchain?