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RE: Is Steem really going to the moon? || My take on SMTs and Good Person Tokens ||
this is one way for users to escape the unjust system on steemit, the quality content will get more recognition whether it comes from a whale or a minnow. Do not you have confidence in this?
i want quality content. yes. but i don't want steemit inc defining what 'quality content' is for me.
it's something very subjective and not everyone will agree on what a quality content exactly is. which is why i'd much rather prefer to have freedom in the marketplace and see what comes out on top.
but yes i see what you mean by 'the unjust system on steemit'. right now being on top/front pages on steemit means you paid for it. or you're a whale. but that's also part of the strategy that people might take to gain exposure. when you say 'quality' the scope is so large it entails everything regarding the post including the unjustness you described. simply, it's competition.
i have confidence that if you give the people freedom to figure it out, they will. @ned says there will be many SMTs. that does not necessarily mean minnows like you and i would have more chance. it could mean completely the opposite. assuming that GPT will not be the only dominant token, we have no idea how SMTs would shape the future of steemit. they'll only follow market principles.
but if you are certain that GPT will be the main currency and steemit inc will start supporting minnows more, you have a centralized system. that means censorship. it'll be like government officials. and we both know how they work. if you give any human beings enough power (no matter how smart, clean, ethical they are), you will corrupt the entire system, including quality content.
it is little complicated everything they want to implement, maybe there will be a token dtube, token steepshot, token busy, it bothers me is that in the trends it is always the same shit as always and the same trash is difficult to find good content in the trends should be more balanced but you are right there is a possibility that the system is corrupt, it is difficult for everything to go well as we expect but the only way to know is to try, I only hope that if something goes wrong with this new project, we will take the correct measures and not be as you say you act as our governments, I have been reading several things on these issues is talking a lot https://steemit.com/eosio/@cryptoctopus/can-eos-disrupt-steem
you're right. there may be other tokens like dtube, steepshot, busy, etc.
but no token from within the community will be able to compete against GPT. in order for any token to be meaningful it must have the reward pool that matches the current one, or the hypothetical one described in the diagram.
you'll need an outside force that has enough influence (preferably more than steemit inc or @ned or @dan) to create a token that has any value, to create a big enough pool that people are willing to trade that token.
i dunno what makes @ned so confident that many SMTs will flourish. obviously i dunno what he knows. but a 1000 different SMTs is pointless when GPT is the dominant one and every other token value is close to 0.
for eos, the market is telling us people are absolutely interested. whether it's speculation, belief in @dan or eos dpos, etc, a significant number of people decided they're gonna trust it with their money. and nobody even knows whether the token swaps is guaranteed or not. that level of impact has never been shown in steem prices. more people already know about eos than steem. and their expectations are high.
but again, steem is my biggest investment. and most of the time what everybody says will happen never actually happens. so let's see.
I'm very curious to know when we will be able to see this development online. we need patience, SMT will be the turning point in steem. everyone is waiting for this launch, so let's hope for the best
it should be this year. i think last year ned said Q2 so it should be close. but there could be delays so we can't be sure. SMTs will be the turning point depending on who's going to be implementing it. if there's a bunch of SMTs that nobody cares about then steemit is fucked. i hope that's not the case. @ned seems pretty confident that there'll be many SMTs. we'll wait and see.
I saw yesterday an SMT testnet has been announced to start this week or next?
@ned has stated that "big players" have approached about something like an SMT.
But these are Big Centralized players he wants to cater and court, and so that may be the downfall of all this.
I was rather looking at OTHER USE CASES for SMT and am sad they are not more the focus of SMT in many ways. ICOs mostly; but EOS could make ICOs obsolete now..
WOW the world changes quickly! (EOSdac)
i've been always wondering what made him so sure that 'there will be many SMTs'.
but i agree with you. i feel like @ned wants a little too much centralization and it could be a big turn off for those players. AND for the users.
eos still has to go through bp voting and i think it's likely that there will be MASSIVE MASSIVE confusion in june. so i dunno. but certainly eos has the potential to wipe out a lotta things.