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RE: Employed on the blockchain: Scam or the future?

in #steemit6 years ago (edited)

Can the system handle it?

No. Because of the existence of flags it doesn't work. Some time someone will flag these "payment" posts, probably breaking the contract with the employer. There would need to be an agreement of what happens in such a situation, perhaps the employer would have to transfer liquid Steem to make up for the flag.

Any motivated agent could easily disrupt the business, such as a competitor, someone using misguided strategies, someone making a point or simply someone who like to see the world burn. We have notable accounts in all categories here, I don't need to tell you!

That is the main reason why I always always underline the fact that you cannot count on post payouts until they are paid out, they are pending before that. Everyone has a say in post rewards, literally everyone to some degree. I can't imagine a business would be happy to let the whole world in to the accounting office with full permission to contribute their say.

There is however a lot of gifting voting that seems to work by consensus, that is it does not attract many flags. Chief among these is of course @utopian-io

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I think that if used sparingly, it would be possible to have as a bonus system for a company though. I am not pushing for this, just thinking about how some may game the system.

The next question is, what if someone makes their own interface with private access? As you know, the technical side for me is very limited in these areas but I wonder what happens in such a scenario. Sure, you could still see it on the blockchain but someone would have to be looking for it specifically, and with millions of users and transactions, if the payments are not overly large, will anyone see?

Right kind of like money laundering 😂

Well it would never really work completely. You could definitely obfuscate with random accounts but for anything of any significant value there are people looking for those transactions, both spam fighters and not so nice people. On Steem the conspicuous thing is the value of posts and transfers, you can't really hide that. It's one of the strengths. So as you say, if not overly large, they might go unnoticed.

However I'm sure that will feel so shady it wouldn't catch on.

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