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RE: Steem Thoughts - Is Steem a Fat Protocol or a Thin Protocol?
Smart contract platforms have their own issues. It is going to be tough for them to be addressed. You are right in saying that smart contracts are excess baggages. But that's the market which the project teams want to target and they will have to stick to it. I hope that as the tech progresses, we can eventually see a smart contract system fit for mass adoption
There's nothing wrong with Steem not having smart contracts. In fact, I think it is a wise go-to-market startegy to target a specific niches. Again back to my Swiss army knife vs fruit knife argument :)
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Thanks for another reply @culgin.
I think it's possible that ethereum will eventually ride their smart contracts into the ground, or they'll have to scale back some of the smart contracting if that is possible.
I've only read about ethereum and other cryptocurrencies lightly so I might be wrong but that is my general consensus based on some of the things I have read.
But either way, if ethereum sinks or swims I think you are right about Steem's approach being a good go-to-market strategy. Thanks again!!