RE: Snake Oil, Psychopaths & Hedera Hashgraph
Hedera Hashgraph is not open source, its open review. They have a patent on the technology and there are restrictions on it's use.
Aaaaaand that's why you were just at an advertising campaign instead of an actual meet up.
I was pretty disappointed to discover their practices were "old world" as you say, it pretty much makes it inapplicable for anything below enterprise level solutions, which is where they seem to want it. That makes any genuine grassroots community culture dead in the water. I really appears that they're just hijacking the goodwill around a lot of blockchain enthusiasts in their meetings and such around the world. I think the best we could hope for is a user group if they decide to release a free version (doubtful). Otherwise unless you're attending for your own company or a client, it's a waste of time.
They did say that it was free to use but you could not modify or submit pull requests to it and if you wanted a private use case you had to pay a fee. They also talked a lot about a fair ordering of transactions, which is appealing but I think in practice we would have to see how this would work.
It did feel a bit like an advertising campaign, it was very slick and they came across very professional. They had the attention of the suits in the room and if their governance model works that could be a big plus. The big question is will they ever achieve decentralisation of stake ... and control of the platform. They don't believe in the power of the crowd to arrive at consensus. The handpicked experts from the existing institutions know best in that respect!
There were lots of positives to it, but also lots of questions.
Right, that's exactly what I want to know, the technical details you didn't get to hear about. I've been reading the whitepaper and I've started trying to implement some of what they talk about, just to see how far you can get with the whitepaper alone. Given their approach I presume that they've left out some important stuff.
I think a lot of people are under the impression that they are going to run a public chain but AFAIK they have come out definitively against this idea. Their clients are banks, and other financial operators, such as credit unions, but not the general public. It's really a private chain solution which is the established industry holy grail of
blockchaindistributed ledger systems.They want the consensus aspect of the protocol to be transparent, distributed and open but the governance aspect of it to be tightly controlled by "experts".
the SadKitten bot needs to be stopped it only helps the whales, everyone knows that,AND when any post has a upvote that shows a amount besides zero that the post will most like then be viewed by someone and maybe even upvoted, and everyone who does up vote get a slice of the pie, the down votes hurt not only the person who upvotes their own post but others who also get a part of it. and when the coins are devided up by steem the only one who get any are the select inner circle aka the whales, which is the only reason that the sadkitten bot is really their, why not flag all the other bots out there who always upvote the whales the ip and vpn always show that the bots are from select whales even now some whales are now changing often the ip and vpn to cover ther butt, steem was a good idea at first then the greed and bots and now even more sad kitten proves it greed and censorship to keep the peasent poor while the rich get richer, greed is greed and nothing more and it will be the death of steem as people flee and will not want steem