RE: Why I Am Still Hyper-Bullish On STEEM!!!!
Awww yeah. I'm so bullish on Steem.
It's so underrated out there - it's literally the only blockchain project that has a significant user base using it, and not just investing in it or speculating about it.
I like your take on the problems, that they are essentially growing pains, though I'm a bit worried that the witnesses are all totally mum about it, as if they either don't know about it (unlikely), don't care about it, or something...It's strange.
I also am very skeptical of SMTs, for a couple reasons:
I don't think users are going to like the idea of having a different token for every website or discussion forum they belong to. How could anyone juggle their bags of DiyGardening Tokens, MlbTradeRumor tokens, CbsFantasyFootball tokens, LadyGagaForum tokens, etc etc, without going crazy?
What exactly is the motivation, beyond conning your users through an unnecessary ICO, to make a new SMT rather than simply implementing the Steem blockchain itself, and filtering based on whatever you want?
The witnesses are definitely very aware of it, and some have made posts about it and are actively working to try to help. See @timcliff's posts for example.
It's very important for the top witnesses to stay calm and not overreact to such things though, and I think they're doing a great job of that. It's not their job to police the blockchain, and any changes to how the system works need to be done carefully and thoughtfully so they take time.
I agree 100% @yabapmatt.
This could be the case where something needs to be done with the blockchain but those should not be undertaken lightly. We cannot have witnesses acting emotionally and writing new code each time there is a spat on here.
The downvote system might need altering but let us let the emotions die down.
Personally, I think there is a problem when you have one with enough influence to wipe out someone's earnings on a work that they put time and effort into simply because the person disagrees. Also, I think there is also the risk of censorship.
#1. I think the fact that all new tokens that are created using the SMT protocol will be paired with STEEM makes it less of an issue. If my understanding is correct, we will be able to use our SP on other sites that are on this blockchain.
Thanks for your comment.