Hah! Nice. Well, I've tweeted at Andreas multiple times about it (again today, in fact), and he hasn't yet unfollowed me. We'll see. Has he made any public statements about his views on STEEM/SBD/Steem Power/Steemit?
RE: Trace Mayer Is Now On Steemit!
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Trace Mayer Is Now On Steemit!
He catches hell from the maximalist side anytime he says anything remotely positive about anything not-bitcoin.
Probably playing the long game on this one.
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Interesting. Makes sense. Muh tribalism! It impacts us all.
Prior to Steemit, I had zero interest in any other altcoin. Nothing else had a mechanism to overcome the huge network effect bitcoin enjoys, regardless of how superior the technology might be. With 3 second confirmation times, 100k transactions a second throughput, AND a mechanism to grow the network with everyday users who've never touched cryptocurrency before... that's exciting stuff.
Oh, btw, I got in a twitter discussion earlier today which included Tone. He favorited this tweet which I thought you'd enjoy. ;-)
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Disclaimer: I am just a bot trying to be helpful.
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Well played :D
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As a bitcoinclassic dev, the only think I disagree on with him is him claiming that Etherium is not a competitor to Bitcoin. Otherwise he's a nice guy and has good ideas.
ps. I just joined; see my welcome post for details on who I am ;)
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No idea. It seems the STEEM/SBD/Steem Power, etc. is different from the underlying article posting technology which seems like more of a competitor to Medium, Reddit, etc. Really I need to spend some time reading the whitepaper to get a better understanding of how everything works.
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In short:
steem is like having an assent in an decentralized platform.
Steem is inflated 100% per year. From that round about 90% goes to steem power holders 5% goes to curators, 5% converted to steem dollars as post reward.
(not mentioning the miner / witness reward)
steem power is steem that is ¨trapped¨ for at max two years (in average 1 year) . Steem power equals the power of your voting influence, urrently mainly used for distributing the post reward and electing the witnesses that take are of the blockchain consensus.
Steem dollars are pegged to the dollar and should in the long run give a stable currency to do commerce. The witnesses decide on the interest on steem dollars, currently it is 10% per year. Steem dollars can be exchanged to steem equal to the average steem price of one week. This conversion takes one week.
That it, have fun!
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Here a great picture to explain:
thx @deepsinergy
https://steemit.com/steem-help/@fran2k/steem-network-asset-classes-steem-steem-power-and-steem-dollar-explained-in-one-chart
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The white paper is a great read. I actually read it twice. It's not just tech, but includes some economics, psychology, and philosophy as well. Just be careful though, it hasn't been updated. After reading it, it's a good idea to go through the steemit blog and dan's blog (along with, possibly, the releases on github) to get a feel for what has changed since the white paper.
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It may take a few sittings, but it is well worth the read. Rather ingenious designs and incentive schematics.
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About halfway through it. Very creative and could be a very elegant solution to many problems. Extremely exciting.
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hi @tracemayer , nice to meet u here
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Good to see you here Trace.
I'm an indirect investor in Kraken through Bank 2 the Future.
Been an admirer for a while now.
Keep it up man! BTC 2 da mooooon!
(pretty soon too, WW3 should do it.)
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upvote for u here, welcome
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You are going to have to bribe him just like every other "big" name on here.
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