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RE: Making It Work: The Steem Ecosystem. "THINKING OUT OF THE BOX"!

in #steem • 6 years ago

1 - Yes, it would definitely be on the blockchain. The code in essence wouldn't change.

2 - SBDP would be everything that SBD was supposed to be as far as functionality on the real (fiat) market goes except for the crypto token side of things as it legally wouldn't be a token.

3 - refer to answer #1.

4 - It would be a "coupon" type of transaction, with one big difference:

The merchant would be able to get something for them, to the full value of the barter.

Secondly, there is nothing stopping non crypto token types of rewards being issued on a blockchain.

Just because the "trend" to date has been such to use blockchain technology to issue and track crypto tokens, there is nothing excluding the tracking of other information. (Already proven by various use cases of blockchain technology)

A smart contract is not needed, as the exchange of points (SBDP) is guaranteed in the existing code. (as described earlier in my previous answer/comment).

6 years ago in #steem by
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     6 years ago 

    tenor.gif

    I'm lovin' this dialogue, guys. :-)

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       6 years ago 

      In a private discussion on the topic, I described it as follows:

      When you check out my proposal to change SBD from a Crypto Token/Coin/Currency to a "Loyalty Reward Point" and do the maths, you will see that it actually boosts our ecosystem up to the moon.

      Especially because legally it isn't a debt of any sort until a conversion is put in, that takes 3.5 days to fulfill as per the code and hence only in those 3.5 days is a "debt" and affects the Steem debt ratio.
      ;)
      Legalities of terms and conditions, which can make it the door opener to the world of online merchants
      and even Wallmart etc, with digital "coupons" (Loyalty reward points)
      simply buy a digital coupon and they scan it at the cash register
      WOW
      Literally a game changer!

      without ruining our ecosystem and everything that it was set out to achieve
      Making the dream come true!
      The only problem is:

      How do we get our top20 (government) to approve this?

      Which literally sums it all up!

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