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RE: Fractional Reserve Banking and Steemit - Questions for Experts ...
Why, other than ideological reasons, would someone set up another instance of Steemit.com? Or any other interface with the Steem blockchain?
because it wouldnt be another instance of steemit.com... thats the thing... you can pick and choose the content you want off the blockchain. I can have nerdywhitedudeswithgraduatedegreesarguingabouteconomics.com and just have posts from from me and complex.
also... i dont think you have to pay with steem, or accoding to the votes you see here on steemit... it might have something to do with bitshares... i think you can use that to somehow integrate your own payment and voting system... or at least it might be theoretically usable that way...
Think about it this way... get rid of steem. get rid of steemit. get rid of SP, get rid of everything that you see in your account. Its neat and everything, but people look at it and they get distracted... like looking at a really cool car and thinking how neat it is but not realizing that the IC engine that powers it is a wonder of human achievement.
THere is still an underlying framework... a way you can take the consumer of content, the reader, and allow him to pay the creator of the content directly, and also to control to what extent that content is promoted.
Ok, but this time you are missing my point. I get that it doesn't have to be an exact copy, it can be anything. But who pays for hosting? It's a simple question :)