RE: Porn-Based Steem Blockchain Fork "Vice Industry Token" - White Paper Mini-Review
Good, hard-headed analysis^
If Vice pays out any decent amount for use, it will be abused. If it doesn't, who exactly will pay cold, hard cash to buy tokens whose main value proposition is to get themselves paid for engaging in "vice"?
That's the weak point for VICE the cryptocurrency. Who would buy it, and why? The record of Golos, the earlier fork that catered to Russians, doesn't give cause for much hope.
True, it could be bought to get "Vice Power" to redirect user rewards. VICE and "Vice Dollars" could be used as a tipping coin.
But to be honest, I don't see VICE getting more traction than Golos unless the devs break with Steemit tradition and put paid adverts for porn on their network site. Then, they can boost the value of both by making both VICE and VD^^ good-in-trade to pay for the adverts. (Perhaps with resstrictions, to allow the parent company to make fiat money directly from the adverts.)
The above is the only way I can see for VICE to take off as a cryptocurrency.
^ (Yes, I did see what I did there.)
^^ (Yes, there too.)
"The record of Golos, the earlier fork that catered to Russians, doesn't give cause for much hope."
An interesting example to take note of.
"True, it could be bought to get "Vice Power" to redirect user rewards. VICE and "Vice Dollars" could be used as a tipping coin."
One would have thought that increasing privacy, rather than decreasing it, would have been preferred for such an application to reach a large market in the current cultural context.
"unless the devs break with Steemit tradition and put paid adverts for porn on their network site."
I see no reason why they wouldn't, if it can be shown to be more profitable.
"^^ (Yes, there too.)"
Clever, but you cheated! VBD is a much harder pun.