The racketeers at the fed and irs are slow to move, but they are going to, for sure, start a campaign of harassment on all these ICOs, and for sure it's gonna see ethereum lose a lot of value as people are scared away from it. But, really, it's kinda not entirely a bad thing. Blockchains still have not got adequate governance systems, and no government is worse than one based on force, which is worse than a government based on principle-based law like Equity or pre-monarchic Israel. Steem is actually the only blockchain that has a fully functioning open governance system. Dash has a closed governance system, as does a few other of the PoS coins, and this is also why they are doing better.
The reason why this is important, is that a well governed cryptocoin will be a bit like a well run corporation, and we are its shareholders, and we have a very powerful ability to influence the path of development. Sooner or later the market is going to realise this, and we all will become millionaires...
Sounds like something I can believe in! You obviously have a bright future as these technologies are adopted and you can talk the talk. What do you think about the Iota tangle thing, or the whole "quantum computing is going to wipe out crypto" negativity?
haha. Do people actually think that quantum computing will wipe out crypto? No way. Quantum driven encryption will be used by the systems at that point anyway, like a sword with two blade edges, like any kind of arms race, there is always the positive and negative ways to use a technology.
Besides this, a ledger is just the simplest type of database you can distribute. Steem is one of the first chains to expand beyond a simple ledger, or even marketplace/exchange, and this is a trend you can expect to see growing. Smart contracts are the current fad, but mark my words - monetising media distribution is where things are going. Steem is the first mover there. This is no guarantee of success but it tilts the table in its favour, same as with bitcoin.
yes they do - my friend who has refused to get into crypto with me just sent me a negative nancy text about that yesterday - he was citing a msnbc report or something. He knows better but is just mad that hes not doing anything to change his life and I am lol. Also I think that is what IOTA and QRL coins are pitching - they are immune to the next stage.
Yes I agree I have been looking for coins with function - so far only found Steem - many claim it but dont have it - status
Yes
that's right. there is a an attitude amongst the bitcoin faithful that 'appcoins' are not likely to be broadly successful. But I don't think they have considered the fact that through the inflation tax mechanism as demonstrated on Steem, that you can solve the very serious problem of content monetisation, given some careful engineering of the mechanisms to prevent gaming the system.
I personally don't see Steem as just an App Chain, because it also has a fixed ceiling on the cost of running the network, transactions are POS grade fast, and lastly, monetising media and solving the copyright problem for paying artists and designers, this is not an App Chain. This is a Killer App Chain. Everyone has something to put out there. This is not just money, but culture, and culture is rightly the majority of what humans concern themselves with.
well said. Makes for a well rounded community....not a place for only one interest but its for social picture posters, devs , money minded, musicians, etc