These are amazing news and i am heading right now to read that white paper. It is a missing link that i was waiting for to come out with Velocity update of STEEM BC together with effortless on-boarding which i could not do yesterday as we are so busy connecting our photography community BeScouted with STEEM BC.
Since we are a platform for talents (photographers, make-up artists, hair stylists etc..) where we have a casting tool that allows building a marketplace that will bring paid jobs and connect businesses with the freelancers while avoiding middleman. Talented people are already getting paid jobs on BeScouted but it has one inherent flaw - Transaction settlements in fiat are complex, slow and expensive.
At one point we were thinking of doing an ICO ourselves but building it on Btc or Etc BC had a few flaws:
a) Slow transactions and longer block times.
b) Transaction costs as miner fees or gas needed to run the smart contract.
So the question itself. WHY DO WE NEED ANOTHER COIN? Just a few very obvious benefits this will provide:
Users that create valuable content will get rewarded the same way they do on Steemit.com and will receive associated token which they can exchange for fiat or different added features on the platform.
Pay and get paid for participation in various photography or video creation projects instantly with 0% transaction fees. Hire talent for their projects or get hired fo commercial work.
Sell digital media directly on the platform and receive up to 100% of the value in a few seconds.
There are too many to mention and i might share more of the usage scenarios in the post after i read the white paper as i was thinking i will need to wait for EOS to launch to build full functionality on it. It looks like SMT might be a long waited solution. The only thing i am still a bit concerned is how consensus will be reached and blocks will be created as STEEM is not completely decentralized in a way Etc or Btc is but that is another discussion.
Thank you for sharing those great news, and we can't wait to kick some fat asses of the middlemen in the industry that practices favoritism and takes up to 70% of freelancers earning for the mediocre job they are doing.
Cheers!
Good luck with your community! :)
Thanks, we will see how it goes. Freelancers are already creating 90% of visual content in the world but are getting paid just about for 40-50% at it's best. We can only provide the tools, but the community will have to decide if we provide the right tools for it.
And since we are being provided with better tools it means we can build a better tool ourselves. Tools to build tool. Cool :)
Very interesting project and good looking website @bescouted.
I have to conclude that we've both been waiting basically for the same thing to make our ideas and well-being online projects take off and spread to our entire own communities big time.
I also have a stagnant online project launched almost five years ago (a local/regional replica of fiverr) with which I was trying to help to met ends monthly easier for my poor countrymen in our now depauperate country. Same as you, we faced tremendous obstacles to solve stuff related to payment gateways and financial procedures since most of the people over here are unbanked. So as you've said "Transaction settlements in fiat are complex, slow and expensive." But looks like our Time Has Come mate, to try fulfill our desires sooner than later with this promising SMT development platform now.
Good luck with your project and I'm following you now to also witness the progress of your work on this. And hopefully, also share tips & hints here and there sometimes.
Cheers!! :)
Hi! yes, it was a long awaited opportunity that allows new business models and allows freelancers to ear. Even more so in your country, BeScouted though is global so works for everybody :) You platform can also benefit greatly from micro instant payments and i am following you. Let's stay in touch and if you have any questions do not hesitate to ask! Probably could chat on steemit chat on one of those days :)
Sure thing mate!! ¿Is your nickname on steemit-chat the same as here?
I suppose so :)
Haha no worries mate. I will whistle aloud to call your attention over there. My nickname is the same as here. The ineffable @por500bolos Hehehe. :)
Ok, sure, let's stay in touch.