Smoke.Network Forks Steem Blockchain: Some Lessons We Can Learn From Forks!
Hello Steemians, howdy?
Was going though the White paper of the cannabis-inspired blockchain social platform nicknamed https://Smoke.io. Although I'm not a smoker neither I'm I remotely interested in picking up the habit. But I'm always interested in new Cryptocurrency opportunities especially when it's related to my beloved steem.
Homepage just like steemit
Smoke.Network is the organization behind the platform. According to them, they pointed out that they were inspired by Dan's creation of Steem to create something similar for those interested in puffing the clouds.
That wasn't the part that got my attention. What made me think hard was the fact that they forked the steem blockchain. I was wondering why they didn't then project it as an SMT but I quickly found out once I observed the additional changes they made.
It seems they have kept their ears on the ground about the suggestions that many users of our beloved steem have made. They decided to implement it in their new network- smoke.io.
We have come up with the core factors below which are in active development on our private test-net to build and improve upon the Steem code base to provide a more robust system that is geared towards rewarding behavior with a
net positive impact on a community network.
Let's see some of the things they may have gotten right;
1- Determining Vote Weight Based On Vests & User Authority
Some months ago, a Utopian moderator in the person of @Scipio made a very great treatise formulating that spam and abuse can easily be fought using what he nicknamed the User Authority Algorithm.
What does this mean to the lay man? Well, it's simple. It means that the propensity of a user to abuse the system or spam others is directly related to all those following him and those he's following. In essence a spammer is less likely to have a reputable individual following him.
Any long summary is that smoke implemented this factor into their voting algo. This means that the community is thus empowered to influence even high SP holders once they are reputable enough according to the UA algo.
2- 50/50 Curation Rewards:
In order to further incentivize curation, they edited the chain to Carter for a half and half curation versus author rewards. This means that people are properly motivated to actually look for good content rather than churn out content.
High Smoke Power holders who also have great UA may be able to benefit by curating even much more than posting. Of course Upvote bots will not work when theirs a higher incentive during curation.
3- Maintaining Just 2 Currencies
According to their White paper, they felt that the network was better off without an equivalent of SBD. They stated their bitterness unto the fact that SBD lost it's peg.
Their opinion is that whales are manipulating the price of SBD to suit themselves since they are receiving liquid steem/SBD while delegating to Upvote bots.
The 2 Currencies they maintain are Smoke and Smoke power!
4- 24 Hours Post Rewards Payout
According to those who have been here long enough, the previous algorithm before Hardfork 18 was 24hrs. Smoke network is adopting this as a variable with the specific point that it will incentivize evergreen (pun intended) content creation and curation on a daily basis.
I dunno whether it's better than the current 7days model though. Because everything will happen so fast that you may not have the time to edit posts.
Every Other Feature Is The Same.
Since the main platform will launch in August, 2018 they have already released a live testnet for users ho are enthusiatsic to see he it works.
I have already see some smokers over there. Everything works just like on the steem blockchain except for these changes which I mentioned already.
Whether these will eventually prove to be better than steem is another story. We all know how Practicals can be much more different from theories. Abusers will always find new ways to game a system. If such happens the onus is on the system to upgrade to dislodge such users.
Steem has a progressively growing user base which is soon to reach 1million. At the same time, it's obvious that competitors are also arising. Our spot is envious to many that's exactly why we must listen and upgrade!
For more information, about Smoke nework, visit their website. After that feel free to educate yourself further by looking at their White paper.
Change is the only constant!
Don't murder yourself with smokes pls! 😂😂
I'm leaving for the moon! You coming or what?
They call me @Nairadaddy aka SteemDaddy!
My aim is to leave you better than I find you everyday!
Join Us On Air-Clinic Discord
My aim is to leave you better than I find you everyday!
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Did they actually fork the chain or just the code used for Steem? ie. is it more like Bitcoin -> Litecoin (common code) or Bitcoin Cash (common code AND ledger history).
Does it matter?
If they'd genesys a chain i just be smaller and more handable initially for witnesses.
If they kept all the spam from steemit and forked at block X witness should start with huge machines thanks to our management...
If they are smart they just did a genesys, i run one for tests and can be run in a 286 from a blender, the difficult part is to provide the api.
But hey no witness in steem has been able to provide a proper one...
Not that there is much incentive here but well.. One might think it is our responsibility as witnesses to break the dependency on steemit incorporated.
I can see @ned and @dan singing:
STEEM If I ever...
It's the difference between all of us having accounts and balances there by default or not.
Not necessarily.
By default it is, which is what I said. Other work would have to be done to make it otherwise.
They actually forked the chain. It was clearly written in the White paper with a backlink to steem's gitub link. Initially they hosted it on the blockchain but later they decided to just fork it and create their own chain. It's not an SMT either!
The whitepaper seems to say the exact opposite, that they are starting with a fresh genesis block.
Same old steemit unfair initial mistakes... 300 millon tokens distributed between the initial scam erm miners... So you will always be a minor stake holder
From page 21 of Smoke White paper.
Ftr, I dunno why they are premining it. Perhaps the premined block will be given away as they stipulated.
This means they are forking the software not forking the blockchain.
Good god, i'm dumping all my steem, burnning it into smoke!
Pun intended ? Dunno... but sounds cool.
Lolx @nnnarvaez. Pls don't smoke our blockchain oh!
😂😂😂
Or you run a risk of being a chain smoker!
I'm already one... how do you think i stay awake 20 hours a day lol....
By the power Gauloises !
Liberte Toujours
BTW you can fork and genesis or fork and keep the spam, sometimes if you intend to issue tokens to original chain holders its needed... thou i don't really know how that works, if i ever figure it out i'll let you know lol...
Lolx!
So that's your secret. I have always wondered.😂
Let's see how they fight the spam after smokers are high as heavens.
Interesting to see another forking (after Golos).
I wonder if this might happen more frequently...
I definitely wouldn't go with the 24 hour payout though - I would prefer at least one month.
Yeah! Golos did fork steem right?!
I think if SMTs can launch people will have no need to fork the blockchain just to create their own tokens.
The big question is When with the Sometime Maybe Tomorrow's...
I dunno why Stinc thinks secrecy is the best way forward. Have you checked out EOS? The fact that they stated a date of release makes everything build up.
But I'm sure that the day Steem will release something spectacular our excitement may just be too much for the whole blockchain to contain.
Fingers crossed!
Here's hoping. Tomorrow is always another day...
Whether smoke will become the next big thing or not is what i don't really know for now. But I think they have good prospects.
" Abusers will always find new ways to game a system. If such happens the onus is on the system to upgrade to dislodge such users."
I hope they take cognizance of the above issue you've raised as it borders on security. Do have a wonderful weekend.
Good, let the smokers go there and experiment, at least, nicotine creates illusionary kinda experience.
Well! It's for smokers. So it's a big thing for them. We cryptoheads are also interested in the money if any.
I just love this post, nice analogy. but they've already lost, because not even up to 20% of the world smokes. that not withstanding, steemit has a lot more improvements to do
Well! Not necessarily. They are a niche product and they do have their market. I don't think they are planning to be the next steem or something.
Wow!! This is the greatest news have gotten this week...
Thanks for the info @nairadaddy.
But please I want to ask a question, can you post the posts you have on steemit to smoke ??
Urrm! It's a site for cannabis related content actually.
You shouldn't just copy paste.
Also I'm sure they will have their own version of cheetah!
Okay thanks..
I would try to see, if I can get more information on it..
Interesting.
Let's watch and see.
Baby, I don't want to see you on smoke platform. Hehe! :)
There's freedom of choice. She mustn't smoke to smoke!
You are right tho
Haha. Lols
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There is still a whole lot i need to learn about all these, oh my God! iono what to do again sef!
This is very insightful. I love changes because that's what leads to a fulfilled life. I think this is the aspect of smoking that I want to take part in.