RE: Steem 24 hour volume is 3.4 million. EOS 24 hour volume is 1.4 billion. What does this mean to you?
I can understand your concerns vis a vis @dan and his Steem holdings, however there is more than one reason he may be holding that Steem, and not merely in order to use it to dump so as to attract new users to EOSit, or whatever Steemit competitor he's knocking together.
Stake-weighting has created the horrific churn we have seen on Steemit IMHO, as it simply perpetuates the exact same principle IRL that creates banksters. Here we get whalebots, and meet the new boss same as the old boss. @ned has learned a great deal about this issue from sticking to his knitting and manning his post over the last two years, things @dan has not.
There's no point futuretripping regarding shiny new threats that haven't materialized yet, either.
@dan may well hold that Steem for various reasons, which could include a sneaking suspicion that @ned is going to pull it off, and moon Steem one of these days. He'd be a fool not to.
Remember: the first rule of fight club is not to invest based on emotion. Don't invest based on emotion, but remember that you invested in Steem for good reasons that are still true. Fear is the enemy of reason.
Thanks!
I thought Ned moved us to stake weighted voting. It used to be the more upvotes you got the more those upvotes were worth, granted large holders vote still counted. Just not as much. then it moved and my little 2 cent upvote was worth significantly more. It was more based on my Stake.
Ned is the person who has made voting the way it is. Whalebots are his. Dan's model still left us with low power robot voting armies though.
Am I interpreting Stake-weighting wrong? Or did you not know it was Ned who has gave it to us?
Stake-weighting was always a feature of Steem from inception. Both @dan and @ned, AFAIK, were in agreement regarding it from the outset. The change you speak of was the change to linear rewards from N^2, or exponential, rewards.
Stake-weighting has immense power on the platform, as the whales have it, and want to keep it, and have valid concerns about anything that might threaten that. @ned has achieved something extraordinary in the combination of SMTs, oracles, and communities, because that particularly isn't a threat to stake-weighting, as the various mechanisms can be coterminous experiments that do not impact stake-weighting except by creating various discrete experiments that can sidestep it.
This allows the whales to continue their present hegemony, while also learning from those experiments, and if 1a1v blows up, they remain free to take advantage of the new thing that works better than what they know.
It's quite clever, genius even. I doubt @dan can compete with that wealth of experience that @ned has gained from helming the ship of Steemit through the heavy waters it has foundered through, and that has enabled @ned to come to such an elegant solution--many potential crowdsourced solutions--to the very churn causing problem that stake-weighting is.
Well the stake weight was much less apparent before the linear reward changes. It was at that point that everything changed. Those are all very good and interesting points. I will indeed have to do more research on oracles and SMTs.
So in this path you talk about Steemit and busy die and are replaced by a better SMT. Steem still holds value though for voting on block producers? I have yet to understand how SMT's add value to Steem. They cost very little to produce. They dont require you to hold Steem in order to get bandwidth for the SMT either do they?
SMTs will be transferable for Steem, and growth SMTs experience will be growth for Steem.
Steemit and Busy don't necessarily die. Communities off chain may eclipse them, or communities on one or the other, or both, may well contribute to their growth. The combination of oracles, SMTs, and communities are almost infinite in potential, and this is the magical thing about them together, rather than merely as separate forks.
While I would have preferred @ned and Stinc were more forthcoming about the development of these projects over the last months, as the complexity of the possibilities must have taken some time to absorb and gain command of, I can now understand why there was such resounding silence as they figgered them out.
Confusing us wouldn't have done any good, and until they had a good grasp of them, blathering about them would certainly have confused us.
SMTs can work on platforms like Youtool, Fakebook, and CNN.com as well as any site that has a comment section (and probably more too), not only on Steem based interfaces. They can literally take over the world, and deliver it to Steem.
Will they? The really cool thing is, that's not up to @ned, or Stinc. It's up to us. We can do anything thing with them we want, and that crowdsources their potential to moon. There's a lot of genii out there. Some of them are gonna do amazing things with SMTs.