What Xinxi of Litecoin Thinks of STEEM and my Interview with Him!
As my readers know, im back to interviews this year and kicking up the blog and as usual i did ask exclusive question just about Steeemit to be posted here.
- Are you aware what STEEM is? A decentralized blogging/social network. What is your take on those?
Xinxi Wang - STEEM is not decentralised. If it was, then there could be serious moral/legal issues. What if someone posted naked photos of you and still got paid thousands of bucks? Things could be much worse than this example.
Just before people scream. What he meant is - all sites can block content from viewing and also creators left themselves big enough stakes to be able to control with flags what will get purged or hidden.
Whole read of interview with Xinxi Wang is at https://fuk.io/exclusive-interview-with-xinxi-wang-of-litecoin/
Markets
CRYPTO INCOME GUIDE EBOOK - FREE FOR LIMITED TIME - DOWNLOAD HERE
Join My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj
Follow, Resteem and VOTE UP @kingscrown creator of cryptocurrency blog for unique news, tips and mailing list specials! |
|---|
Hi @kingscrown!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 7.272 which ranks you at #69 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 202 contributions, your post is ranked at #1. Congratulations!
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Only 4 people in control of the majority 50% of hashing power on LTC and they say Steem isn't decentralized because you could post a naked picture of somebody LOL.... They are saying Steem isn't decentralized because of things that could happen, not something currently occuring... Soon nobody will even post naked pics to steem and it will all be going to Vice Token... Individual sites are not decentralized but the chain certainly is because it's immutable and you will always be able to find an interface to post from. If Steemit.com shut down permanently due to "legal issues" as they put it, most likely an even better, more decentralized one would pop up like wack-a-mole.
https://arewedecentralizedyet.com/
Yeah Hashrate distribution is a problem... P
ools don't = The network but it indeed is a problem that Pools are centrally managed. Technically the network could only need 1 pool and be decentralized if the pool itself was trustless which is the main issue.
https://bitcoinmagazine.com/articles/betterhash-protocol-lets-pool-miners-regain-control-over-their-hash-power/
Maybe Litecoin can lead the charge and Makker Betterhash adopted like it did for Segwit lel.
After Betterhash is adopted, more decentralized ones can be made...
Quite tantalizing!! Got to reblogged!
Posted using Partiko iOS
Congratulations @kingscrown! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness and get one more award and increased upvotes!