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     6 years ago  
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     6 years ago (edited) 

    I suppose like in most things, time will tell. From what I'm reading, it sounds like the Blockchain Alliance has a good start. I'm not sure if I'm all that thrilled with the involvement of regulatory agencies in this alliance with law enforcement and industry leaders, but I think something should exist to help fight any kind of criminal activity.

    I know that the blockchain is supposed to provide freedom for many activities, but I would hope that criminality would not be one of them. And I'm not talking about difference of opinion that causes one dictator to banish, imprison or execute dissenters, while another welcomes it with open arms. I'm talking about the types of criminal activity that most people will agree should be stopped.

    That said, I'm aware that cryptocurrency gets its fair share of bad publicity because of the potentiality of some terrorist or criminal organization using Bitcoin or some other alt coin to finance its endeavors. However, those types of transactions can be followed, even though it could take some digging due to anonymity.

    At any rate, if this alliance can keep to its mandate to actually curb criminality, instead of going after law abiding citizens for political or social reasons, there might be something to it. My experience with such alliances, however, is they either prove to be too unwieldy, without proper jurisdiction or power, and thus ineffective at best, or at worst, they overstep their bounds and cause a whole different set of problems to manifest.

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     6 years ago  
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     6 years ago (edited) 

    I would imagine that in some cases, having a transparent public ledger would cause some businesses to pause, but in reality, it might actually prove useful, especially when it comes to taxes and showing earnings and expenditures. Businesses who might want to hide certain things because they don't want to pay so much in taxes, or because certain activities are less than legal are trying to hide those regardless and would be reluctant to use anything that might out them.

    My guess is, though, that most businesses either don't know enough about blockchain technology to make a decision, or they've determined that it isn't the best way to go about storing their data. I understand that it isn't particularly efficient or fast, compared to centralized data storage, and perhaps some other reasons on top of that. If so, it's not so much the transparency, it would be things like cost effectiveness along with whatever speed requirements they might have.

    There will be a need to address any and all of those issues, however, if widespread acceptance from business is to take place.

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     6 years ago  
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     6 years ago (edited) 

    KYC stands for Know Your Customer or Client. It's the way businesses go about verifying the identity of a customer/client and to mitigate possible risks, such as illegal/fraudulent activity.

    It's fairly controversial when it comes to cryptocurrency, where some form of KYC would actually be warranted, but because of anonymity, decentralization, freedom and a general distrust regarding the storage of said information by a third party, it doesn't happen very much.

    In the case of STEEM, it would come in handy to have some form of KYC, in my opinion, to more readily determine ownership of alt accounts, especially ones used for spamming, plagiarizing or other frowned upon to criminal activity.

    In my mind, it would be helpful to limit the main account to things like witness voting (even if it is stake weighted), resteeming and maybe even upvoting itself. That action might help to de-incentivize users from making dozens of alt accounts for nefarious reasons to just because.

    The likelihood of it happening though will probably take something catastrophic to change the policy and the code to enforce it.

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     6 years ago  
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     6 years ago (edited) 

    According to steemd.com, it looks like your RCs will be back to fully charged (if you wait and don't do anything else) in 20 hours. You're sitting at just under 83% of use at this point.

    However, as the amount of RCs you have go up, you'll reach a point where what you're using them on—upvotes, comments, posts, etc.—won't affect or reduce them as much as they do now. So, charging will appear to be faster, even though it's more a result of the activities you're doing no longer exceeding the number of RCs you have to handle them.

    I suppose the same thing happens with voting power, too. Every one hundred percent upvote takes a constant amount of time to replenish, but with more SP comes the opportunity to split upvotes into smaller weights and still allocate a significant amount. At what point that happens, I don't know, since I don't feel like I'm there yet, but as far as RCs go, where I am currently as a small dolphin keeps the RC levels almost always above 99%.

    It may take some time to get enough SP/RC built up to do more on a daily basis, but it eventually does happen. Participating in contests as much as possible and getting involved with different communities can help. If at all possible, and if you want to, now is still a good time to buy STEEM while the prices are still low. Even something like $25-$50 might show enough RC improvement to make a difference.

    Getting to 200-250 SP should do the trick for most users. Any decisions to buy STEEM, however, are purely up to you and how you want to go about this. Trying to obtain a larger delegation is an option, too, but it's something that isn't permanent and depending on the arrangement, something that could end at any time.

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     6 years ago  
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     6 years ago  
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     6 years ago  

    I couldn't even explain them Bitcoin... I'm better talking in general, like "I'm blogging in English in an international page". Registering issue is really a big problem, "I'm not registered on that page, I can't comment your post" - that was what I heard some days ago.

    Still weeks? Really? Very strange. We shouldn't discourage people from registering with technical issues.

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