Sometimes, because of the success of cryptocurrencies as a financial instrument, people tend to forget about its volatility as well as the expensive nature of the control and management of the blockchain technology itself.
It would be better for Berkeley to get a Steem Smart Media Token instead of launching a new blockchain. Steem is well poised to be of service to them. If we take the @ned's message two months ago about SMT, then it is something that would soon be a regular part of the steem blockchain. To be able to enjoy all the features that you, @donkeypong, have mentioned; transaction speed, community members being able to share information on the steem blockchain is something worth having.
They can even do voting on the blockchain both for pushing ideas forward as well as electing officials into office. Using the steem blockchain is a win-win plan for Berkeley
I also, looking at it from the steem blockchain angle, considering it a big benefit for both the blockchain technology as well as for steem to have a community with shared ideals, a political identity and financial vision come on the blockchain to exist. It opens the doors for more innovative usage of blockchain technology as well as give the technology more eligibility in the financial world.
I hope the people at Berkeley choose wisely. Awesome things are happening all around.
Very thoughtful and thorough comment. Thank you. What I've come to believe is that SMT projects need to grow quickly enough or have an existing community to ensure that they have enough economic scale. I think it could work in this implementation if people give it a chance.
yes indeed. If it is implemented as proposed, there will definitely be communities built around SMT, even already existing communities will cash in on the opportunity not to talk of steem blockchained powered projects like busy.org, Dlive, esteem, etc.
Creating room for diversification of interests and unique financial instruments built around the basic uniqueness of the steem blockchain is something that should be pursued and implemented as soon as possible. There is so much to be gained.
yes indeed. If it is implemented as proposed, there will definitely be communities built around SMT, even already existing communities will cash in on the opportunity not to talk of steem blockchained powered projects like busy.org, Dlive, esteem, etc.
Creating room for diversification of interests and unique financial instruments built around the basic uniqueness of the steem blockchain is something that should be pursued and implemented as soon as possible. There is so much to be gained.