RE: I Will Be Releasing The Vaporchain Protocol Later This Month. Prepare For Tokenization!
We were talking yesterday about how we could use SMTs to create an pristine microeconomy inside of Steem to address the present corrupt system. Perhaps, what you have cooking will help us get there sooner.
It would be nice to have an alternative economy that is unaffected by things like bid bots and more people will thus be eager to contribute and build out this more ideal vision.
A vision of a network in which the bulk of the benefits aren't just funnelled to a few accounts but rather the many as long as they are willing to work for it.
My main concern is node availability in the event that Steem continues to lose value and / or the solutions to reduce node resource utilization doesn't pan out resulting in inevitable node shutdowns as they become more expensive to operate.
I would hate for people to work to build a utopian bubble society (coining that term now. Lol) and to have the body of water around it (analogous with the Steem network) to dry up.
Personally, I don't think this will happen but it's good to consider contingencies. For example, would vaporchain be able to exist independently of Steem if necessary?
Looking forward to see what you come up with.
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Without Steem Vaporchains can't exist. It's developed from the ground up specifically for a Steem-like blockchain.
If these mircoeconomies do catch on, it should strengthen Steem over time. This is due to how Vaporchains work -- requiring you to burn liquid STEEM in order to create new chains or mine blocks.