The way I understand this, cryptocurrencies don't need to be on blockchains at all. Whether there are any that exist off chain, I don't know.
The whole reason for crypto, though, is to make transactions decentralized, so that no one server, person, or entity, has control over them. This blockchain ledger system is more of a means to breakdown decentralization as it is anything else.
As it is, I've read that blockchains aren't nearly as fast or efficient as other solutions, so it's not necessarily the transaction speeds or the ease of scalability. It all seems to fall back on keeping things out of the hands or control of any one entity.
And that's what the blockchain is really good at—taking multiple servers scattered over the world running the blockchain, making sure each block is good, and then verifying or signing off on those blocks, thus ensuring the safety and security of the transactions on the blockchain.
It also makes it harder to hack, and thus less vulnerable to outside attacks, with authority scattered rather than all in one place.
So, a crypto could be placed on something off of a blockchain, but the question would be, why? To what purpose, if crypto exists to essentially tear down the current barriers that keep people, anywhere in the world, from quickly, safely, and cheaply, transacting with one another with little to no governing authority.
As we become two months removed from when the Steemit delegation was removed, it's heartening to see that there are still some people here asking and answering questions.
I for one have slacked off quite a bit, partly because there were fewer questions to answer at any given time, but also because the reward incentive went away completely. So, yes, I do miss it.
It's too bad.
Musing wasn't the only one to lose a delegation that day, but it seems to be the only dApp to essentially halt any kind of upvoting on user work. Instead of continuing with the upvote based on the delegations it previously had, the curation ceased.
I can't speak to why that happened, other than curators may/may not have been paid, and without major curation rewards coming in, there wasn't enough incentive/ability to keep them on. So, unlike whatever situations these other undelegated dApps have, Musing wasn't able to continue as it did before.
Which is sad, since Musing was the first place where I was able to actually get some regular decent rewards. Not anything crazy, but based on what appeared to me to be a good judge of quality and originality. Yes, I would have liked to see larger upvotes, but I still felt they were fair.
So, I'm spending more time on dPoll now, which has less of a delegation than what Musing still has, yet, they're curating content. We'll see how it goes.
Here minimum wage is at least 10 euro per hour. Which is about the same in dollars. But life is also expensive. You would need 1500 - 2000 per month to live comfortably. And that's not really much.
For who are you writing currently? I bet you could earn a good wage with freelance writing when you offer your services to European or American market.
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The way I understand this, cryptocurrencies don't need to be on blockchains at all. Whether there are any that exist off chain, I don't know.
The whole reason for crypto, though, is to make transactions decentralized, so that no one server, person, or entity, has control over them. This blockchain ledger system is more of a means to breakdown decentralization as it is anything else.
As it is, I've read that blockchains aren't nearly as fast or efficient as other solutions, so it's not necessarily the transaction speeds or the ease of scalability. It all seems to fall back on keeping things out of the hands or control of any one entity.
And that's what the blockchain is really good at—taking multiple servers scattered over the world running the blockchain, making sure each block is good, and then verifying or signing off on those blocks, thus ensuring the safety and security of the transactions on the blockchain.
It also makes it harder to hack, and thus less vulnerable to outside attacks, with authority scattered rather than all in one place.
So, a crypto could be placed on something off of a blockchain, but the question would be, why? To what purpose, if crypto exists to essentially tear down the current barriers that keep people, anywhere in the world, from quickly, safely, and cheaply, transacting with one another with little to no governing authority.
View this answer on Musing.io
View this question on Musing.io
View this question on Musing.io
As we become two months removed from when the Steemit delegation was removed, it's heartening to see that there are still some people here asking and answering questions.
I for one have slacked off quite a bit, partly because there were fewer questions to answer at any given time, but also because the reward incentive went away completely. So, yes, I do miss it.
It's too bad.
Musing wasn't the only one to lose a delegation that day, but it seems to be the only dApp to essentially halt any kind of upvoting on user work. Instead of continuing with the upvote based on the delegations it previously had, the curation ceased.
I can't speak to why that happened, other than curators may/may not have been paid, and without major curation rewards coming in, there wasn't enough incentive/ability to keep them on. So, unlike whatever situations these other undelegated dApps have, Musing wasn't able to continue as it did before.
Which is sad, since Musing was the first place where I was able to actually get some regular decent rewards. Not anything crazy, but based on what appeared to me to be a good judge of quality and originality. Yes, I would have liked to see larger upvotes, but I still felt they were fair.
So, I'm spending more time on dPoll now, which has less of a delegation than what Musing still has, yet, they're curating content. We'll see how it goes.
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Er. ..in my country (Nigeria) a lot of people survive in a few dollars a day. Some even have to get by with a dollar or less
If you have some to spare I don't mind earning it. I'm a freelance writer
Here minimum wage is at least 10 euro per hour. Which is about the same in dollars. But life is also expensive. You would need 1500 - 2000 per month to live comfortably. And that's not really much.
For who are you writing currently? I bet you could earn a good wage with freelance writing when you offer your services to European or American market.
View this answer on Musing.io
View this question on Musing.io
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View this answer on Musing.io