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RE: A comment reply turned into a root post...
Thanks for the answer @timcliff... I have some questions about your point though. 1) how will the reputations be portable to any new platform, it seems like those are something that are based on only steemit rules? 2a) are things done on the other platforms (like say spam posting if they choose to openly allow it on their platform) flagable from steemit? 2b) are they taking rewards from the same reward pool and wouldn't we still be affected by these other platforms?
The reason I ask these questions is to understand how these relationships and reputations will translate across multiple platforms.
The reputations, rewards, and transactions all occur on the Steem blockchain. Steemit.com is just a front-end website that interfaces with the blockchain. If you go to busy.org/@davemccoy - you will see all your same content posted there. Anything you post on DTube will show up on steemit.com too. It's actually pretty cool once you start to understand how everything is working under the hood :)
Thanks for the info @timcliff!... I appreciate it... still not sure how they can set different rules from steemit if that is the case, but for now I'm happy to know that the reputations will port there too!
You are misunderstanding @davemccoy point I think. While those stats are available on the blockchain they will not be carried over to different SMTS which will have their own values if I am not mistaken. Should Busy.org migrate to using an SMT rather than Steem itself then the reputation will not carry over and Steemit has little to no value. Please correct me if I am wrong.
The same would apply to the tokenization of the internet. Can you imagine any SMT that would like to import reputation levels from a different platform? The whole point of SMT's is to have your own unique reputation on your own unique platform.
EDIT: Change platform to whatever term you like, it's late and my brain is broken ^^
I am interested in which of you is right on this @gnimeets... To me it makes a huge difference. Everything that is happening on steemit right now will basically be worthless (except for the people you actually get to know)... But even then it will be like starting over, and if everyone dispurses, then it will be a huge waste of our time.
From what @timcliff is saying that isn't going to be the case, but you are bringing up what intuitively came to my mind @gnimeets. Thanks for adding to the conversation and maybe Tim can clarify it to both of us!
It is a little bit of both. The STEEM currency will still remain the primary currency of the Steem blockchain, and every post that is eligible for SMTs will also be eligible for STEEM. SMTs are in addition; they are not in replacement.