When I read the SMT whitepaper (which SCOT also is using as their design specifications document - although as a layer 2 sidechain instead of at protocol level, obviously) a year ago, I had a lot of thoughts about how SBI could transition into an SMT and help build a different economic model. The pieces aren't all in place yet and we will have to evaluate and make the right decisions once they are, but that possibility is still there.
When I read that SMT paper the things I didn't like were the limited choices of upvote-curve and curation-curve. My understanding of SCOT is that those limitations are no longer there. On the one hand, one needs to keep the current Steem model but it also means that one's token could have a completely different model. Needs some serious dev tho!
One of the advantages to building as a layer 2 protocol, is that it becomes less restricted by previous design decisions. On the other hand, SCOT does not offer a consensus framework, so it's currently not decentralized. Once SMT's reach full release, I will do a deep-delve side-by-side and decide which (if either) is the best path forward for SBI tokenization.
When I read the SMT whitepaper (which SCOT also is using as their design specifications document - although as a layer 2 sidechain instead of at protocol level, obviously) a year ago, I had a lot of thoughts about how SBI could transition into an SMT and help build a different economic model. The pieces aren't all in place yet and we will have to evaluate and make the right decisions once they are, but that possibility is still there.
When I read that SMT paper the things I didn't like were the limited choices of upvote-curve and curation-curve. My understanding of SCOT is that those limitations are no longer there. On the one hand, one needs to keep the current Steem model but it also means that one's token could have a completely different model. Needs some serious dev tho!
One of the advantages to building as a layer 2 protocol, is that it becomes less restricted by previous design decisions. On the other hand, SCOT does not offer a consensus framework, so it's currently not decentralized. Once SMT's reach full release, I will do a deep-delve side-by-side and decide which (if either) is the best path forward for SBI tokenization.