You are viewing a single comment's thread from:
RE: Tauchain and the privacy question (benefits of secret contracts and private knowledge)
My opinion on Steem vs Steem 2.0 is that time is running out for Steem original to maintain dominance. In fact I see certain design decisions which could make it easier for a competitor to compete such as the fact that all the account data is public. Quite easy to snapshot the Steem blockchain and create a Steem 2.0 with all the exact same token distributions. Quite easy even for Tauchain or any other project to snapshot the Steem blockchain and sharedrop a token to compete with Steem. The lack of privacy also provides an opportunity for a competitive advantage for any competitor which adds privacy.
I am not yet convinced of EOS. EOS has to compete with Tezos, Cardano, and others. I do not hold EOS at this point in time.
Maybe Steem should think of cooperating with Enigma hehe. It does indeed feel like time is running out a bit. I wonder, if SMTwould have been launched by the beginning of the year, how things would look like today. Another thing I wonder is how long the crypto market will move as a whole, as opposed to projects moving based on their progress and adoption. I guess time will tell.
I suggested that but it was not well received unfortunately. I don't think Steem will ever adopt privacy features due to political objectives of Steemit.inc but I do think witnesses could be convinced someday perhaps.
I more importantly is whether or not Tauchain which seeks to build a decentralized social network makes the decision to have private computations or not. It's a very critical decision which will have to be made for any social network but particularly for Tauchain. I think Steem already made their decision and has to live with the open network and all the problems from that choice.
I think there can always be a compromise of some sort. Me myself I would not mind advertisement on Steemit (some, not too much). It would help to inject capital and raise Steem and thus benefit everyone holding Steem tokens. But I guess advertisement is even a bigger no no for Steemit inc.
As someone who’s primary investment in Steem, I think that’d be great.
I’ve had many concerns regarding Steemit’s weaknesses, and accompanying confusion about how I’d prefer to allocate my investment, when the time comes for Steem 2.0 - unsure of whether to move funds over, how much, etc.
That’d be pretty awesome to be airdropped an amount of tokens proportional to my Steem holdings, and thus have a beginning stake in others, should they be the ones to solve the challenges and win out.
Quite a brilliant idea.