You are viewing a single comment's thread from:

RE: How to Save Steem

in #steem3 years ago

How would this be different from previous Golos and Whaleshares forks? Those communities are still operating, but WLS at least has virtually no value. Down considerably from it's initial cost, something like 99%. Who would be the buyers of the new STEEM and what exchanges would be available to buy it on?

Also, for existing dapps, would they be able to run on the forked chain? What would it take for them to migrate?

Lastly, I understand that STINC was running some critical infrastructure beyond witness nodes. I'm not clear what it was, but isn't it still going to be needed? Who will pay for that and maintain it?

Basically, I fully support the idea behind this solution but am unclear about the pragmatism for winding up with a blockchain that is as successful as this one has been. We may destroy our investment at the same time we're removing value from Justin's.

Sort:  

How would this be different from previous Golos and Whaleshares forks?

Timing and the fact that Steem was still operating in an arguably viable state at the time. Now, it's a dead man walking. Plus Golos was launched as an ICO and was explicitly targeted at a narrow market, which makes it quite different. I don't know much about whaleshares although I've heard it had some odd (to me) ideas about how to differentiate.

Practical considerations are important ones, I agree on that.

"How would this be different from previous Golos and Whaleshares forks?"

This would be a much larger migration of devs, stakeholders, and apps running on the chain. It's also not fundamentally changing the code or being run by incompetent people. The resources would be much greater than either of those "forks."

"Who would be the buyers of the new STEEM and what exchanges would be available to buy it on?"

Anyone who wants to buy into the community, I imagine, would be buyers. The token would be available on whatever exchanges list it. The same way Steem started, but this time, having an established community is an advantage.

"Also, for existing dapps, would they be able to run on the forked chain?"

Yes.

"What would it take for them to migrate?"

Pretty much just a name change, if needed.

"I'm not clear what it was, but isn't it still going to be needed? Who will pay for that and maintain it?"

Yes, and it can be funded via witness rewards or the SPS, or even self-funded. Donations could work as well.

I would ask an other question : What will happen to our steem power in the case of such fork ? @ats-david

Your Steem Power would remain as it is. The fork wouldn’t touch the current chain. It would go on as long as there were enough witnesses to run it.

The new chain created by the fork would likely give you the same balance but with a new token instead.

You make some good points. Weku also is a Steem fork, and I think that is performing better than WLS. Nodes and APIs do cost money, and are things Stinc provides currently. There may be more, but I am aware only of the #irredeemables Github which was just a list of accounts Stinc censored on it's front end.

Thanks!

For some reason I can't get to the original post to comment, IDK what the question is

what happened with Weku, basically. It looked like it crapped out to me

Yup... That's pretty much the story I guess, I got off there a couple of months ago. I guess people are still blogging there, but not me. I'm not doing much here until things get sorted out. I'm working doing articles for NewRightNetwork a new news blog. It's a lot like what I hoped Informationwar would turn out to be. I just published my first article yesterday. I'll email it to you on Proton

good lord, I'll actually have to check that email ;>

Well. I've got a new gig writing for Zenith News...

https://zenith.news/fighting-the-political-pandemic/

This much better... more professional! You'll have to keep me informed about Hive (how to get there etc.)

First off, congrats! (and added to my bookmarks)

You'll have to keep me informed about Hive (how to get there etc.)

Well dern, now I gotta write two answers LOL (or just cut and paste this one)

go to https://hive.io/

click on the "Hiveisalive" button

Use the same username and posting key from Steemit (posting key can be found on your steem wallet under "keys and permissions"

profit!

No. Here you go

https://newrightnetwork.com/2020/03/real-effects-of-coronavirus.html/

But I think I'm going to quit them. Zenith News wants me to write for them. I just got off the phone with their publisher and he says he can guarantee me 100k views per article. Akso he was really excited about the one I sent him. He said I'm more knowledgeable than 99% of America. Muh hahaha

Damn. I haven't been a regular there, but I read posts from time to time, the last I thought was only a couple weeks ago. Too bad it died off. What happened?

idk the particulars, check with @richq11

but there was some stench going on

I havent posted there since I went down with the injury last october

Well, at least we're still here.

I too have wondered who would run this infrastructure. especially as the value will probably tank a lot more than it already has. If this is done, it would behoove the new structure to figure a way to comply with regulations in the sense of allowing fiat to crypto buy in/out. This would bypass the exchanges and possibly set an example to the rest of the crypto world that the exchanges aren't necessary.

Golos is also centralized, the 'initiative groups' behind seemingly just any fork prefers to reserve enough funds from itself to be able to 'govern' the fork.

The initial value of the new token would be the same as it is here, the power to vote.

The second value would be the willingness of all of us to exchange it for tangible goods and services.

This protocol/token is an awesome example of the second way to add value (it's not very successful right now?)

https://paywithink.com/

And it powers all the transactions for real goods on :

https://www.listia.com/

Posted using Partiko Android

Coin Marketplace

STEEM 0.22
TRX 0.06
JST 0.025
BTC 19906.34
ETH 1356.84
USDT 1.00
SBD 2.44