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RE: Steemit needs a way to create unique communities with custom rules and voting incentives.

in #steemit8 years ago

The more logic you put in a smart contract, the more chances it has of having a security exploit. But what would said smart contracts be useful for?

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The users of a channel would give up their rewards to a smart contract. This contract would coordinate the votes and money and give it back to the posters. This way each channel can have their own voting logic.

So essentially locking up the funds in a smart contract so a bot would use the money to make said money into more money? That can be done by individual users doing crowdfunds or a smart contract platform like rootstock is to bitcoin. I don't think it's nessesary to add trustless smart contracts to steemit, because that idea is lacking in research and development.
Just look at ethereum. It has only like 3 working DAPPs so far. There isn't a need for smart contracts currently.

I've found, that using smart contracts may possibly be not so bad idea. Depending on the implementation of course.

If we were to have a steemit upvote button next to each porn video on redtube, we'd either need bots to create the posts for us or some kind of smart contract network layer. I wouldn't know anything about the latter, since I'm not that familiar with smart contracts. I find that all of this is currently semi workable with automation bots(lots of spam). Each platform could have their own megathread, so'd they wouldn't bother others as much.

I tried explaining my concept trough gaming in this post:
https://steemit.com/games/@ubg/how-steemit-could-change-the-gaming-industry

I may have unconsciously developed that idea from you. Thanks if this is the case.

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