A New Blockchain Forming

The situation between the Steem Community and Tron is still unresolved. There appears to be a lot of behind the scenes maneuvering in an effort to get an upper hand. By this, I mean some off market trading.

Either way, we are at a stand off for the moment.

In the meantime, discussions are taking place all over the Steem ecosystem and Discord about the best way to handle this. One of the main topics is forking. It seems there is a growing number of individuals, myself included, who feel at least additional chain will come out of all this.

Source

Yesterday, we received an announcement of another chain forming. What is interesting is the fact this is not a fork.

@theoretical was one of the blockchain developers who helped to design Steem. He with with Steemit Inc until December 2018.

The view expressed in the post is an interesting one. Instead of blaming any one side, the focus was on the failing of the software. Steem is an experiment that provided valuable insight into the working of human nature. The best software, according to the post, is that which anticipates human behavior and accounts for that.

Humans have emotions that are very predictable. Greed, envy, and sloth are common. It can be expected that they will arise and should be factored in.

Here is what Theoretical had to say:

I've decided to learn from the successes and failures, strengths and weaknesses. The hardest part of being a blockchain designer is predicting how users will behave. A well-designed blockchain can harness all the parts of human nature, all the user interactions, all the darkness and the light. To build a machine that can change the world.

From 2016 to today, I and the whole Steem community have been gaining hard-won experience about how users on a social media blockchain will behave.

Steem started as an experiment. Overall, it was pretty successful. What should we do with our experience?

Let's create another experiment.

Let's build a brand-new blockchain.

https://steempeak.com/blockchaindev/@theoretical/c3cjk-hello-world

This is an interesting idea and certainly there are a lot of lessons from Steem. Is it possible to build a chain where the software accounts for all that humans are likely to do? I have no idea but it sounds like this will give it a shot.

But why not fork?

This was addressed in the comment section.

To me, this is wonderful news. The entire crypto industry is about development at this point. We are learning lessons and, hopefully, applying them. I welcome a brand new chain that looks to implement some newer ideas.

That said, I still believe there will be someone (or some group) that forks the Steem blockchain. In the end, I can see numerous chains resulting. How they look, what they focus upon, and who uses them all remains to be seen. We are still in the very early days of development. We are going to see many innovations over the next few years.

In the end, I believe, users are going to benefit. We are going to see many options where content creators can post. At the same time, reward systems are only growing. This will only benefit humanity. As more tokens are issued, it is likely that more people get interested. This kicks off the loop of value being driven by more people which drives more value aka the "network effect".

I suggest everyone give the @theoretical account a follow to stay up to date.

Again, this is not an announcement of a fork of Steem. It is a new idea that appears to being going into development.

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Posted via Steemleo