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RE: We are confused about the "Good Guys Token" - How will this affect SteemPower?

in #witness-category6 years ago

Hi @fyrst-witness. The idea of a 'good person' token is in the context of SMTs with Oracles. You can read more about Oracles here.

Basically Oracles are a little similar to witnesses, in that they are elected and paid positions that serve a purpose for a token. What Oracles will do is report information to the blockchain, which can then be used to determine how a SMT token is distributed.

The 'good person' token takes the idea that you could have two Oracles:

  • One reporting whether an account is a unique individual (possibly based on exchange KYC data, or something along those lines)
  • One reporting whether an account is following a set of community standards (like not plagiarizing)

Based on the reports from those two Oracles, SMT tokens for a particular "good person" SMT token would only be awarded to users who met those two criteria.

This should not affect SP influence at all, as it will not be used in any way for STEEM/SP/SBD distribution. (Only for SMTs).

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