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RE: Raekwon The Rapper From Wutang Enters Crypto - Are Celebrities Starting To Sit Up And Take Notice?

in #news3 years ago

Haha, ok, so I am not sure what to think. On one hand it's good that crypto gets publicity. On the other hand, these celebrities are hardly experts and likely to get their 'followers' to invest in terrible coins..

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In this case, It's not a 'terrible coin' being promoted :P

Uh... from what I can tell SMOKE coins are almost identical to STEEM's blockchain, with the main difference being you can post anything on Steem but SMOKE is for posting weed reviews.

Sounds like it's

  1. a lot smaller userbase than Steem, only weed enthusiasts
  2. Why use Smoke instead of Steem, since both networks are uncensored
  3. Why would anybody buy Smoke tokens as an investor? What will holding Smoke tokens do? Why will Smoke tokens go up in price?

As far as I can tell, this coin completely qualifies as a crap coin :P
And that is coming from a marijuana enthusiast.

We have half a million fans on Facebook that will never most likely never move to Steemit (Or very few will). Why? Because you can post anything on Steem. (And they feel intimidated, secluded and a whole host of other reasons. . . ) Sure, this could work using Steem, but would it work as well or allow us to drive adoption in a world of Weedmaps and Massroots. (By giving away free SMOKE on signup to the app, or driving a stoner community that all have a common goal) ..? Probably not.

Oh I am sure there are people who'd be interested in using the app to look up reviews. I'm just not sure what the purpose of buying Smoke tokens is and how they are a good investment for the future. Unless they're intended to be used to buy weed, in which case it may be a good idea short term but you'll be running into law enforcement everywhere so not a good idea long term.

Also don't confuse Steem with Steemit. Steemit is built on top of STEEM. A lot of other things can be built on top of STEEM, like D-Tube or Zappl. A weed review site could be similarly built on top of STEEM, without having to subject users to Steemit. Not only would this greatly enhance ease of implementation, but also there are the benefits of joining the Steem ecosphere.

They are not to be intended for cannabis sales (though people could use it for this use case) ..

The investment aspect is similar to investments into Steemit. You gain voting weight and vest into the project.

While we agree this can be built on top of Steem blockchain, such as the services you have mentioned, Smoke.Network is not agnostic such as those services. (And as such would not gain as much support or be able to grow at the rate needed to take network effect away from centralized services such as Leafly. )

We would need witnesses that had an alignment with our project. And are somewhat hindered by that in some ways.

We do plan to add to the Steem, (and BTS) ecosystem until we have ported over to EOS.

Thank you for the interest and support.

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