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RE: Steemit’s New Direction
Why, there is nothing in his statement that hasn't been common knowledge for a couple years now.
Why, there is nothing in his statement that hasn't been common knowledge for a couple years now.
I just wanna know his thoughs on that statement. What do you think? :D
It's a long story of disappointments, collusion, sneaky behaviors, non-existent management skills, embarrassing and unprofessional behaviors and on and on. You kinda had to be here for a while to see it all, but the gist is, nothing is as advertised, and most of the stuff that happens here is heavily skewed to favor insiders, whether they are known entities or not.
I suppose a proper cynic would point out that all Proof of Stake systems are inherently designed to favor insiders. That's the very definition of the protocol. The more you have, the more power you have, and the more it is in your best interest to protect the circle of who has the resource from anyone outside of the circle as it existed when you joined. Likewise, it's in your best interest to try and force out anyone who was an insider when you managed to join the circle.
As a social dynamic driver, it's fascinating. I'm not sure it's the best design for a commodity.
You know I understand stake Lex, naturally, but you also know what I mean about the arrangements around here that were established before non-insiders, aka outsiders, could even get legitimate stake.
I figured there might be some members of the audience in the cheap seats who weren't up to date on Proof of Stake or who might not have actually thought about what it actually means. There's always a few. You have to play to the audience.
I absolutely understand what you mean about previously extant arrangements. There has been a couple of really good posts about the earliest activity on the blockchain, looking at the posts, looking at the exchanges, and looking at the comments on the code itself, which I have found extremely interesting.
Two rounds of ninja mining, deliberately obscured configuration and design (which still seems to be the order of the day, having looked at some of the stuff that passes for "documentation"), and a standoff organization. That trench was dug around the perimeter from day one.
I do find it mildly ironic that all of those choices are coming back to bite them in the ass because of the difficulty of making the database architecture truly decentralized. If, from the beginning, it was fast and easy to set up full witness nodes – it would have been done already. If, from the beginning, Condenser was well documented and clearly coded, and if they had accepted design ideas from outside – half of the things that have been in the last two roadmaps would've been implemented by now. If they actually wanted to implement a good, customer-servicing social media platform, they've had more than enough opportunity and more than enough feedback to actually start implementing things moving in that direction – but their big innovation is adding advertising to their front insight, nearly half a decade (or a full decade, at this point) from the introduction and widespread adoption of ad blockers.
If one wanted to cynically wonder if they had deliberately hamstrung themselves, there is plenty of material to make that argument.
And now you have deftly outlined what has swirled in my head, broadcasts, and pain filled rants since early 2017
Spot on i guess.
Thanks. I guess I just want to confirm what i already thought or started to think.