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RE: #Blocktalk with Tone Vays [Question Thread]
You might want to learn about Yours Network... https://steemit.com/steemit/@bitcoinmeister/yours-network-a-steemit-competitor-that-will-use-bitcoin-sneak-peak-and-links-included
Is 'yours' built on a blockchain? does it have a crypto currency with free transactions? Do the users have the ability to own stake in it and realize profits if it is successful? Do content creators have the ability to be paid and withdraw value from the system? And was it the first to market with all of these features? Or is it just another Diaspora?
"Do content creators have the ability to be paid" Yes. That is the main thing they are trying to do from what I can tell. They are not making their own cryptocurrency, they are keeping it simple in that light. Before anyone on this thread pronounces it dead they should probably let them launch first. They have the backing of legitimate investors and should be taken seriously.
yet here we are... discussing building a possible thing (the Yours Network) that has several barriers to overcome... on a thing that does work now.
I think it's a real stretch to call Yours Network a competitor. For multiple reasons, it doesn't stand even a slight chance.
yeah... bitcoin needs an overhaul if people intend to build a social network on it. Bitcoin imho should just be used as money (unless Dash or some other takes it's job as money.)
Satoshi also had a word on the issue: https://steemit.com/bitcoin/@alexgr/bitcoin-maximalists-remember-what-satoshi-said
fully agreed