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RE: Our Plan for Onboarding the Masses

in #steem5 years ago

Steem Engine isn't going to go anywhere, in my opinion. It's highly centralized and will likely run into legal issues, which will mean either KYC for all users and token creators or getting shut down.

There's a reason why SMTs and a DEX were going to be created on the consensus layer of Steem. It keeps it decentralized (like Bitshares) and pretty much off the SEC radar, as there is no central money-changer.

Of course, we have to get SMTs and a DEX first. But if it ever happens, it will likely put Steem Engine out of business anyway.

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It's looking like that may take awhile.
I'm not convinced we are not looking at a long con.
The incompetence demonstrated up to this point has resulted in a lot of money being pulled out by early users.

I agree many tokens will get shut down.
I don't see why se couldn't copy the consensus layer like it has the rest of the code.
In fact, that may be all that is left to do once the sec orders them closed.