delays in SMTs

in #randomthoughts6 years ago

If you haven't read about the smart media tokens, head over and check out the white paper

While you are there watch the video of ned explaining the SMTs and how they may work.
There is also this blog post by steemitblog that talks about how the new oracles are supposed to work with SMTs and the verification of the human behind the account.

Here are a few things I would like to highlight:

In the blog post above the leaders of the steem block chain have openly said the people with the "power" on steemit all have multiple accounts.

One account, one vote (1A1V), sounds good in theory, but is surprisingly difficult to pull off. Steem didn’t use 1A1V because it incentivizes people to create multiple accounts. “Power” within the ecosystem would be determined by how fast one was able to acquire accounts, not one’s individuality. This is why Steem does not, and cannot, use 1A1V. However, the beauty of our design is that within this ecosystem--thanks to SMTs enhanced by Oracles--1A1V can be implemented.

Power in the steem ecosystem is determined by the amount accounts 1 owns and not their individuality as a human!

I wonder if the real reason that SMTs and their corresponding oracles have not been released is because of the lack of individual humans on the steem block-chain.

We get quoted that there are around 50,000 unique active accounts being used monthly, but imagine if there were less than 5,000 humans behind those accounts?

How many unique humans do you think use the block-chain?
My guess is between 6,000 and 10,000

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This is a very good guess btw... I am thinking it is probably a few thousand that are active daily... maybe the 6 to 10k that you mention on a weekly basis... I think the 50k user number is absurd... If so they are awfully quiet.

What do you think of the SMTs Royal? Do you think they will work as advertised? I sure as hell hope so because I have lots of plans based on it... I don't know how much longer people will stay tied directly to the way the system is now...

I would love to know your thoughts!

I think the SMTs are an interesting concept.... but the Steem team is all talk and no action though, so we could be another 2 years from seeing them. The only thing that gets the steem team going is transferring $ off the platform.

That is an interesting thought... Are you saying that they make the price move up once they see people are leaving with their money? Because usually that makes the prices go down. But if it is as manipulated as it appears to be, then that would also make a lot of sense too... Interesting Royal!

And I hear you on the smt issue, I hope like hell you are wrong... If it takes them 2 years then the platform will die before then imo... Not that it is much more than a few thousand people right now, but it will get really bad if they keep going their route right now and then don't give people something cool like SMTs.

The force is with you! You got a 33.33% upvote from @steemyoda courtesy of @ilovepoorpeople!

you received an up vote from danlupi with voting power of 94.22%. Estimated dollar amount of $2.94

The force is with you! You got a 33.33% upvote from @steemyoda courtesy of @ilovepoorpeople!

I think there is at least one. I can only vouch for myself as being human. All others are only my robotic friends, and invisible bots talking to each other. Red pill takers and blue pill takers, and everyone of them still asleep at the wheel. If there were more than one person on steemit, I think the system would crack and fall apart after all humans are unpredictable, whereas computers like predictability. So I predict that there must be at least one, (me) Human on steemit. There might be as many as 4738 other "people" on steemit, but the question is are they "Human"?

They are probably human in the taxinomic tree of classification. I don't think of most of the people here on the block-chain as red/blue pill takers... they are all chasing the tokens.

I think you will see less and less humans if they implement some of the features they are talking about in hard-fork 20. Who wants to pay taxes to the reward pool of 25%?

The force is with you! You got a 36.04% upvote from @steemyoda courtesy of @royaleagle!

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@royaleagle you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!

Thanks for the band-aid... but the post they down-voted and that you upvoted was 14 days after payout.... you might want to fix your algorithm to only fix posts that are within the week.

You got a 29.12% upvote from @th3voter thanks to: @thanksforplaying!



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