RE: Bitcoin is Booming Challenge | SCORUM: a lost opportunity - SCORUM: un'occasione sprecata [ENG-ITA]
Wow! You really are into crypto with all those tokens that you hold/held. Just like you, STEEM is also my main asset.
I find SCORUM interesting because it's a blogging site with rewards just like steemit but has a limited number of coins that can be printed just like bitcoin. However, I honestly don't think that that was a great idea. I wonder if it also has halving like bitcoin. Bitcoin was successful because of a lot of factors. That is was a blogging site with rewards was not one of those factors. It was only a medium of digital payment. A typical currency.
I think with the limited number of prints, it will run out of copies one day, so how then will it reward contents? Also the power down time is astonishingly long. 12 months? That's a nightmare when you think of the voloatility of cryptocurrencies. A lot needs to be changed for it to work for me. There's no incentive to vest scorum in the platform since you'll need a year to get it back. And if there is no incentive to vest it, why then would people want to buy it?
Nice post on Scorum, thanks for sharing.
Yes, you have highlighted many of the critical points of the platform and I believe that many of these reasons are behind the failure of the original idea.
It's clear that if the project had given the answers that the team expected, then it would have gone differently.
With more subscribers and with the explosion of the betting exchange, Scorum would have become a network frequented by many users who are passionate about sports and betting (two very profitable sectors) and therefore as sponsors ready to enter the business. Thus the value of the token would have increased exponentially and something interesting could have been built.
Unfortunately this didn't happen, even the constant decline in the market did not help the development of this platform.
By the way, I had a lot of Nigerian friends there...they were very active and someone also had a very good SP.
Thanks for reading and commenting ✌️
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