Ignoring that SMTs deeply pre date Fuzzys odd idea, if Fuzzy thinks SMTs are like WS BTS UIAs he’s deeply incapable of understanding the meaningful nuances of tokens and that is sad!
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Ignoring that SMTs deeply pre date Fuzzys odd idea, if Fuzzy thinks SMTs are like WS BTS UIAs he’s deeply incapable of understanding the meaningful nuances of tokens and that is sad!
I’m truly sorry if I spread any misinformation here, I didn’t realize I was doing so, but you should really practice some more composure as the captain of this ship. Many of us want you to succeed with SMTs, myself included. But with regards to new competitors (including @dan), if given a choice, those of us who can help you succeed will follow the one who truly cares about making everyones lives better, not the one who cares more about being right. I hope that you care more about the good you can do than about a few doubts caused my misunderstandings or even misinformation.
I may just be a minnow right now, but I appreciate both of you regardless of what comes.
exactly!!
I think it’s more that I’m incapable of understanding the nuances of tokens. He didn’t claim to me that he came up with the idea for SMTs, he just told me his idea before SMTs were announced and I thought they really sounded similar when I learned about SMTs. I’m sorry if I’m spreading rumors here. I won’t bring this up again, as I don’t know enough to make such claims.
Glad to know you are reading through comments.
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.
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.
@whatamidoing
SMTs are on a whole 'nother level.
Whaleshares is an issued Token from BTS - which has no value and is completely redundant. SMTs in comparison are native Tokens on STEEM, with a lot of added benefits, which will enrich the STEEM-Ecosystem.
@ned
Amen to that!
Why claim in such a pompous manner here....SMT's deeply pre date Fuzzys odd idea.... Deeply? Then later in your comment to me, start pointing out that tokens (deeply?) pre date muse and BTS UIA's? Make your mind up about the points you are trying to make ned. It looks like you pick up whatever is convenient to attack people and then just change your tune when it suits you.
In both comments: I don't want credit for inventing "Tokens" as a concept in the sense they can become a blank slate for many many things. And I certainly don't want some random person claiming they should get credit for steemit's work by disregarding the first of its kind work steemit has done bringing unique combinations of token nuances and infrastructure together. The dirty down low you can let them know about with SMTs: never before has a blockchain-based token launching system and DEX included native contracts for Proof of Brain tokens, nor out of the box ICO contracts, nor Reward Sharing of tokens through interfaces, nor Automated Market Makers for tokens, nor Bandwidth conference based on Automated Market Makers, nor designated Influence Sharing across Tokens. At a higher level, if we must, no blockchain has ever enabled multiple Proof of Brain tokens to integrate through applications, though that higher level summary doesn't give credence enough to the importance of the deeper layer of token nuances.
If you say there are nuanced innovations to the way you are deploying SMT's, I accept that. I do. I may have the capacity to comprehend them given time and practical experience of them in action but I'm well aware of my limitations so I accept what you are saying at face value. Please Ned, understand that I want steem to succeed. I want EOS to succeed also and many other promising projects and communities. If you feel defensive because I have tried to call you out on behaviour I thought was beneath your standing or because I call attention to issues, I can understand that. I am sorry. I promise you that my only intention is to see steem and steemians flourish. I have made a suggestion for radically improving the economics using the steemit.inc controlled steem and the community. If you are of a mind, please consider it carefully, you'll find it in my blog. It's never too late to build bridges. What we do now may echo throughout eternity.