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RE: Why Steem is successful DAO...

in #steem8 years ago

Yes you are right, I am aware of Ethereum's capabilities and I have even taken time to write smart contracts myself. Steem don't all functionalities just yet, but as far as I can see/hope that there will be smart contracts and many other features. This was merely comparison of Steem with the DAO. And I feel you on the DAO, that project messed up Ethereum big time. I was/am still believe in Ethereum, it will have its place and ride will be tough though with all recent issues. Any development on projects like Ethereum and Steem will bring blockchain to mainstream... I have to note that, comparison is friendly one and just my thoughts... Appreciate taking time to comment, brother! 😉

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This was merely comparison of Steem with the DAO.

Gotcha, if you limit the scope of the comparison that way then yes, there is definitely some conceptual overlap and it's a good way to highlight the versatility of Steemit. I just wanted to make sure that people who don't know otherwise don't start thinking that's the full extent of what Ethereum can do.

I think smart contracts, in some form or other, are the future of blockchain tech. The race is on to see which smart contracts platform achieves market dominance, and Ethereum with its first mover advantage seems to be leading the pack for now. As you say, it's been going through some growing pains, but the recent troubles ultimately have made the network stronger & more resilient. It's good that those weaknesses were exposed and fixed.

Steem don't all functionalities just yet, but as far as I can see/hope that there will be smart contracts and many other features.

It would be awesome if smart contracts could be incorporated into Steem somehow. Do you know of any concrete plans for this, or is it just what you are personally hoping to see?

There have been multiple posts about scripting language WREN which developers thinking to be a good choice for smart contracts, I think @dantheman made posts about potential implementations. Once it is out, Steem can be compared with Ethereum in terms of smart contracts as well...

Thanks for the info. I've never heard of WREN before, will do some digging on it.