Dear @crypto.piotr, thank you for making me aware of this post. I've read several of @hatu's posts and have always been impressed.
As for the post, @hatu, this is another well-written post with a lot of good information. However, CBNT, appears to be a Steemit knockoff, without some of the critical functions that we enjoy in this space. Please help me understand the functionality as compared to Steemit so that I can make an informed decision on this opportunity.
At a high level, Steemit offers a robust decentralized platform built on Steem. Unique in the decentralized social space, Steemit enjoys an active community as well as a symbiotic relationship with several other applications that enhance Steemit functionality and adds to the overall user base for both Steemit and Steem. Many of us have said that we are very fortunate to have such an active platform that is the envy of many other social applications and cryptos.
CBNT appears to be built for the purpose of allowing one to "buy" whale status for a very reasonable price. But is that enough to make this a good opportunity?
In a very cursory review of the CBNT FAQ's, it appears to have a fixed coin cap, no reward pool, and no inflation. So, am I to assume that the coins purchased or received are what is used to vote and reward others? If so, this would swing me more towards Steemit as my choice for a social media platform.
I've yet to see a reference to an CBNT explorer. it would be nice to see what is going on. Again, favoring Steemit!
Github is critical in the decentralized space. The only reference I could find, Github CBNT, was essentially empty. Steemit for sure!
The White Paper speaks to decentralization, but I'm not seeing the expected documentation. Please let me know if I've missed something.
Based on what I've seen in the CBNT White Paper I will say that it is an interesting marketing plan. But would need to dig deeper to understand the pros and cons.
Finally, as far as KYC goes, I have strong but, mixed feelings. While I'm for KYC at some level, I'm against providing sensitive data to an unknown party that could be used in conjunction with other information to hack various accounts. I'm referring of course to the requirement for a picture ID. It is not prudent to provide anyone with a government issued picture ID. Period! Steemit!
CBNT appears to be yet another token that to my mind has more questions than answers at the moment. I would need a reason to spend more time researching before investing money and time into the program. -Guy_Sellars
First photo is courtesy of Pixabay which is a License, free for commercial use and with no attribution required ID black-2024946_1280.
Second photo is courtesy of CBNT White Paper
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Dear @guysellars
Im seriously impressed with your comment. your knowledge related to crypto is mindblowing
Do you use telegram by any chance? I'm being involved in one Swiss STO project and I could use your help (brainstorming) if you don't mind :)
Yours
Piotr
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Hi Piotr. Yes. You can reach me at GuySellars.
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Very thoughtful response, thank you! !tip 1
You might have noticed the ads on Steemit. These ads will go straight to Steemit, the business entity. On CBNT, these funds are distributed to token holders; the tokens are mined.
The intent is that the ad revenue could eventually sufficiently power content rewards instead of CBNT. Beside that, yes, it's like Steemit with the opportunity to become a whale not by buying CBNT, but by mining them by creating content.
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Interesting. Thank you for the additional explanation.
And, thank you for the tip. Much appreciated.
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🎁 Hi @guysellars! You have received 1.0 STEEM tip from @hatu!
@hatu wrote lately about: With Bitcoin, Remittance Isn'T An Expense, But A Means Of Profit. Feel free to follow @hatu if you like it :)
Sending tips with @tipU - how to guide :)
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