RE: Ridiculous MySpace Comparison: Lego Your Ego
Great article @edicted.
You make some terrific analogies in here that I think are helpful for people to understand. People still have a difficult time understanding where the value lies in blockchain versus the present internet. While applications can have value on blockchain, the underlying "lego" has value since it is monetized. In the world as we know it, Facebook or whatever the app is has the value. Nobody puts a price on TCP/IP.
After ready through the comments, I have a suggestion:
It appears you did a fair bit of research on some other blockchains. Perhaps do a write up of them, stating in your view the pros and cons. You could do a post for each one. Like you made some statements about Tron...it would be good to see them in a post with some elaboration to understand your thinking.
There are a lot of blockchains out there which gets overwhelming to begin with. Then, the average person on here does not have the technical expertise to see some of the points you mentioned and potential pitfalls.
Instead we just get the regurgitation of xxx is the next steem killer without having any idea what the benefits or shortcomings are of xxx. They just feel it is better than Steem because Steem isnt perfect.
Good idea. I've tried to study, rank and explain individual blockchains in the past but it's very difficult to get all the information needed in a timely manner. I've done hours of research on some coins before realizing it was an erc20 token. Figuring out premine and decentralization is very difficult as well. then there is the research on the dev team and they never reveal how much money they have or how they are going to spend it. then community, speed, scalability, application, and inflation distribution.
It's a lot of work, but I've always believed that Steem is the perfect place to organize the information of all these technologies. What I'd really like to do is create a way for anyone to 'fill in the blanks'. kinda like Wikipedia except with the chance to get paid.
A terrific idea. Not sure how you go about doing it but it is a great idea.
I do agree about Steem. That is why I think you research is helpful. Plus you can put the technical terms in a layman's fashion, something a lot cannot do. They talk over people''s head with the technical stuff.
But it is helpful. Like Tron. I knew there was a lot of money since Alibaba was involved in some way. I did not realize they issued all the tokens. That is news to me. That really changes the view of the chain.
Yes, Tron, almost identically to Ripple XRP, has 100 Billion coins. If you look at coins in circulation XRP only has 40 billion and Tron has 66 Billion. Meaning that the dev team controls 60 billion coins at Ripple and 34 Billion at Tron.
Not only that, Justin Sun has the audacity to pat himself on the back by saying he burned a few million coins and Ethereum never did that. LOL!
Still, I think these platforms still have a chance of becoming decentralized. Money can only be spent once. I just think Steem will do it faster, our model is superior.