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RE: First omens of scaling problems for AKASHA, Ethereum/IPFS-based reddit clone
So.. #Steemit is Akasha Competitor? How So, when Steemit is not Blockchain bound? or #Immutable? It is logged in from the user access interface with Reddit or FB. The whole Akasha mission is to end-run this whole precept isn't it? Steemit is monetizing upvotes and influence from Ether and BtC currency or Earning Crypto from curration...
What have I missed here... Steemit is not a BlockChain artifact or a sidechain artifact. It's a Reddit or FB privatized monetized clone... Not a bad thing but not a decentralised thing either... Thoughts?
It may seem like that, which is great - users don't need to be reminded about the backend all the time. But really, steemit is just a GUI for the steem blockchain. Steemd.com is another one, more to follow.
You can edit and delete posts, but the old data always resides on the chain and can be checked by anyone.
Account creations on steem require an inintial funding. The steemit guys pay that for new users, the Facebook/Reddit connection is just to prevent multiple signups. Anyone can create accounts with the local client and by mining.