Artist tokens on Muse pre-date SMT's so don't worry....SMT's were not a new idea, they seem to be an attempt to deal with (or hide) some of the negative aspects of the imbalance of economic incentives at play on steem that result primarily from the poor distribution.
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I can see where you are coming from but as far as I can see, this is just kind of how capitalism works. Patch up wounds instead of exposing them and recognizing the cause (fundamental assumptions about society and human nature)
It’s difficult for me to debate these topics on steemit or in the crypto scene as my starting point is not ancap or libertarian like most of the established community here.
I truly appreciate this whole experiment (steemit) experiment as this whole transition between capitalism 1.0 and 2.0 (the Wild West of crypto) may assist me in stepping outside of capitalism all together, working my way through it rather than being crushed under it, maybe buying up some land and resources one day and starting my own version of “how things should be”. It’s a plan that doesn’t see, to contradict with the ancaps and libertarians here.
That’s me though.
Tokens in general pre date Muse and BTS UIAs back to the 90s just ask Ian Grigg. Further they date back to counterparty and Omni if including Bitcoin only. Then, I dare you to read the SMT paper and understand the concepts that haven’t been melded before rather than being a good fudster. Sad! To see lack of understanding.
ned, I do not for one second dispute that tokens pre-date muse artists tokens. I have read the SMT whitepaper and understand many of the concepts. I take issue with you labeling me as a fudster. It is positively excruciating to see such a lack of sense and fairness continually exhibited by the CEO of the organisation with the most massive control over the fate of this network. If you disagree with me fine, but the truth of my integrity is in the blockchain. So is the truth of yours.
I've just re-read the SMT's whitepaper and I must admit, I do struggle to see the innovations that are not combinations of what has come before. I'm simply not technically astute enough to see them if they are there. However, I couldn't care less if there is true innovation in the speculation of a whitepaper. What I do care about are the risks given the current state of the economics in Steem and the potential risks due to regulation.
someone please mark this man’s words
Please do.....I put them in the blockchain well aware of their longevity.