FOW! It is time to move some Steem to Steem Dollar. Then exchange for BiTCoin, thanks to BlockTrades. That went very fast. And then the wait starts for confirmations on the BTC Blockchain. After that the services of Any Coin Direct will be used to convert to Euro. The sun is shining, birds sing, it is a beautifull summerday in Oldambt. The picking of the Fruit Of Work is such fun. SteemIt may have innitiated an evolution, and there will be spin-offs, for sure.
Off course there is only the one real thing, SteemIt, that really kicked it off. But this could be a new way to work and to receive rewards for the approved effort. It has some aspects of a meritocracy, where proven knowledge gets the most votes. To put it blunt, you probably rather pay a surgeon to operate on you than a butcher. This would change though if the surgeon proves to fail at every occasion, witness model, and the butcher actually proves he can do it better.
Also there are some democratic aspects too, the vote of the majority counts. Where they can vote the butcher to be really the better surgeon, for instance. The concept that Steem constructed may not be an invention, it sure is a great innovation. It might be one thing that makes it possible to push the 'money creation by debt' out of the market. A bridge to a future where humanity even does not need the concept of money any more. It is a part of liberation from the banking system that has devaluation and economic crisis build in. Where every time a crash happenes more moves from the many to the few.
Now it does feel a kind of liberating, free of rulers, having democratic crypto fiat valuta, meritocratic rewarding, truly a product from the fruit of my work through the appreciation of others. And today is the day to pluck my own Fruit Of Work. Long live SteemIt, that it may inspire others to innovate even more!
And it's in the 'pocket'! :-)
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@oaldamster
you are a genius...
https://steemit.com/steemit/@gavvet/introducing-a-new-cryptocurrency-mining-protocol-fow
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Thank you! It is like stumbling upon. Best fitted what is done at SteemIt.
Think you made a nice FOW with your article.
And thanks for referencing!
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Awesome term! At last we can get rid of the big P.
By the way your thoughts remind me of some musings of mine on how money is brought into existence. I would really like to hear what you think about it.
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Great post... on the money (pun intended)
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=D
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Thanks, we'll use FOW, as it us what we do. :-) Will read your writing and see if I can reflect on your thoughts.
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Amén!!!!!!
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Several hours after reading your post I recognized that FOW is how the newly created money is allocated, while POS+POW is how consensus is achieved. So here we have a distinction most other cryptocurrencies don't.
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In a sence Steem has got it all, I guess.
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It's almost FOW time again! YES! =D
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hello
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Hi, you've got a great user name by the way.
GNU Joe Linux. Which flavour do you use?
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I use KDE Neon wich is a semi-rolling ubuntu distro.
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Overhere Ubuntu and Lubuntu, allthough I do like the KDE desktop also. Don't know Neon, will check it out.
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