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RE: 1 Year On SCORUM (My Thoughts .... STEEM, WhalesShares ...etc)
Lot of good info here. Thanks for sharing. I would love if steem cut the inflation and backed the token by actual revenue... that sounds like an awesome and much more sustainable model.
One of the interesting things about Scorum is most people don't know there isn't any inflation. It actually took me awhile to figure out how everything was set up over there. The witnesses are getting 900 SCR / month out of a pool set aside for that purpose and the reward pool was also set up at the genesis but it was only set to last 2 years. So eventually it will run out in about 8 months or so. At that point the plan was to have the advertisement revenue refill the reward pool and be sustainable at that point and also attract people there with the commission free sport betting and all that which would drive demand to purchasing the coins.
I just really think a lot of it was a marketing related issue as the founders have primarily went silent and having been doing a ton of updating. There is a media manager that is usually in Telegram and a few other things going on but the liquidity is relatively low.
The model does really interest me and I always keep my eye on it and do a little bit of blogging but since the coin value has dropped so far there is always that worry that it will go away all together.
Where were you able to get this information for Scorum? Can you share the source? I'm curious to study this blockchain more.
I've been following the project and do like the proposal. Using a blockchain to combine sports content creation with gambling makes a lot of sense to me.
I've mostly been looking at Scorum's gambling part recently and there's little to no activity on there at this moment.
https://explorer.scorum.com/en-us/
Here is the block explorer. Some of the information was from picking apart code in the GitHub and then talking to some of the witnesses and I also had two conversations over Telegram with the founders. I think there is a lot of misinformation about that project and there are a few key things that are holding it back in my opinion.
Here is the code on GitHub from the genesis for where coins were allocated.
https://github.com/scorum/scorum/blob/develop/genesis/mainnet/genesis.tpl.json
I have really went back and forth on how the project with survive. About the time I start looking at it again I really like a lot of things but then there are aspects of it that tell me to not invest and stay back away from it.