It’s all good brother. Those aren’t the people I write for. People tell me all the time how they love my style and devour everything I write. If it doesn’t appeal to you or homeboy here, that’s just fine because you’re not the people I’m trying to reach anyway. I’m looking for people who enjoy my articles.
Granted this one was little more than an update post on a few projects, but I have a lot going on and couldn’t fit all of the updates in the main post so I decided to separate them.
I find it funny how so many people will go out of their way to not read my posts, skim to the bottom and leave a comment about how it’s too long and they didn’t read it. Sounds like just a bunch of haters to me. And i love my haters. Keep it coming boys.
Wow! You have a different spirit..
I feel you. I definitely like your style. TBH I didn't read the whole post, but skimmed through and focused on the parts that were of the most interest to me. I think it's great that you've developed "your style" and am not surprised a lot of people like it. Ironically, the fact that it's polarizing is a good sign. Anything some people are going to love, some people are going to hate. If no one hates it, it's not very likely anyone will love it. And with respect to your token launching protocol, it sounds interesting and think it will be a great addition to Steem. That being said, I wouldn't say ICOs are a major focus of SMTs, they are just one feature. In fact, it would seem that your aims are largely the same as ours, with the key distinction being that we want everything to be done on-chain, which requires making a lot of adjustments to the Steem blockchain while yours has to do with sidechains and seems more geared towards leveraging the Steem blockchain as it exists (not being capable of issuing new Steem-like tokens). Regardless, as you say, competition never hurt anyone and our primary objective is to make Steem better, so if someone can do that better than we can, all the better. More likely, we will all simply focus on what we think is most important, and nobody else is working on, so that entrepreneurs have even more options for how to integrate Steem into their application so as to maximize success. Best of luck!
All good, I won't take it personally. This post was really just an update, but I can't let my standards slip just because I'm not creating a work of art that will stand the test of time.
Anyway, I agree with what you say about polarizing. I think that's something that's missing from this website. It was my original gripe with Steemit and why I coined the term "circle jerk" - people are scared to piss someone off because it will mean less upvotes and less money. So they all just echo each other and give each other pats on the back. "oh wow I really like the part where you said that completely forgettable universal statement." Lame.
To tell you the truth I can't really comment on the whole SMT thing. It's tokens for Steem, a la ERC20 tokens for Ethereum? Sounds like ICOs to me. Utility tokens galore, which have unfortunately fallen out of favor especially since the latest news by the SEC that says that all ICOs are now security tokens.
I don't understand the technical nuances so I could be wrong. Anyway, nice to see someone from Steemit Inc who isn't a troll. Props.
I would say that the key difference is that ERC20 tokens are claimed utility tokens, not actual. They don't have the features (fast and fee-less) nor the capabilities (decentralized distribution) to actually become useful for applications. SMTs will launch with these features and capabilities thereby immediately becoming useful so long as they are incorporated into a valuable application. In addition, Ethereum isn't built form the ground up to integrate with existing applications or new applications that use mature and rapid web development technologies. We already have multiple valuable applications running on Steem and SMTs will give them their own native currency whose price will reflect its value, regardless of whether they ICO. Finally, because all SMTs will have the option to leverage decentralized distribution, it's actually the only token launching protocol that isn't all about ICOs. In fact, I personally feel that the benefits for launching a token with only decentralized distribution (a/k/a proof of brain) are superior to ICO-ing. SMTs will offer ICO options because we integrate the feedback of entrepreneurs and developers, not because we are advocating for or against their use. Of course, time will tell on all of this, as with everything we do, it's really an experiment!
Great conversation and thanks for the response.