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RE: What Should Be Trending At Steemit? + Jerry Controversy Of The Day (Bonus)
I have question. Why would anyone use SMTs over EOS? The creator of the Steem token, Dan the Man, left to create a better token. Assuming someone discovers this during their research, what is the incentive to use SMTs to launch your ICO over EOS?
I know I'm not qualified to answer your question, so if someone else with more working knowledge comments, too, go with their answer. In the meantime, I'll take a stab.
What I've read from others, and agree with, is the STEEM ecosystem is already created, up and running, with social media apps and users. Depending on when EOS finally arrives, STEEM will be a year and a half, two years, or more down the road. So, until there's somewhere to go with EOS other than the promise of a great blockchain with Dan behind it, STEEM is still the only real player up and running.
So, some of this might come down to when SMTs drop vs. EOS, but barring some massive shift to EOS without any major glitches, STEEM wins out because it's already in the space.
In concert with Velocity, I believe the STEEM ecosystem becomes that much more attractive.
I'm not sure how this is all supposed to work, but I also understand that SMTs will allow entrepreneurs to use their own site (existing, modified or new) that can sit independent of the blockchain, and yet still access it with their own token. They won't have to build an app or site from scratch (I believe), or necessarily conform to every protocol or line up with code other than what's necessary to use the SMT.
Those are my guesses. I'm sure there's more, but I hope that gives you something to go on.
Thanks Glen. Whenever EOS comes out with a social network (that attempts to improve Steemit), I'll certainly use it in addition to Steemit. My hope is that we have 2 great platforms and that competition makes both of them better. It is starting to get a little nasty. I don't know if you heard, but Ned downvoted a Dan post that was about EOS (effectively censoring it). So there is no love lost between these two right now. There's no reason for any of us to take a side. We'll see how it all plays out. I'm pro-competition!
Oh, I saw it all right! It's hard to choose which one of those is actually the one you want leading out. I guess we'll see what EOS does. I agree. Competition is sorely needed and will make things better.
I'm totally surprised there's no kind of non-compete agreement for at least three years after EOS gets up and running. It seems like plenty of entities do that, especially where a founder or principal employee strikes out on their own. I've been a part of them.
Maybe the tech business is different. It's sour grapes, though, if you don't have a non-compete in place and then the ex-partner goes and competes.
And I'll probably be over there on the other social media platform, too. :) Why confine yourself to just one, unless one proves so obviously better.