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RE: What Is Raiblocks? How Is It Different From Steem?
I think one problem is lack of market incentives for the long term. On Steem you have incentive to hold Steem or be a witness. This is missing from Raiblocks.
I look at a market incentive as a feature and conversely, I see the lack of market incentives as a bug.
While there might be market for Raiblocks I ultimately see it as offering less than Steem. Everything about Steem says, "use me".
Thanks for the post.
Keep Steeming!
What about Raiblocks using Steem for their community of contributors to earn and support their currency. But then again, the users will start to realise that steem transacts quick and free too lol.. i guess in the end it's the consensus on a certain coin. I'd probably hold rai if I think it'll catch on more due to simplistic marketing. But as you said, the lack of incentives might be a problem, although i think it's minimal for a low-energy footprint coin like rai..
If the market says it is valuable then it is. The question is how long the market will say that. But you are right, if a consensus forms that it delivers on what it is supposed to then it will have long term value.
I'm all in on Steem but I don't believe there will ever be one crypto to rule them all.
In actuality a blockchain is just a network (electronic system used for the transfer of information). We all use thousands of networks and this isn't likely to change. We have our preferences but when we want to get something done any usable network will do.
I do think a viable use case for Rai might be IOT as you mentioned. There is no reason iOta has to own that market.