I contacted the Vice Token team and they confirmed that they are NOT using an SMT. They are creating their own fork of the steem blockchain code.
This is potentially a huge blow to steem since they seem like they will have much better marketing than we do and will bring a huge audience to Vice instead of steem.
I think they are airdropping us some tokens to try to placate us.
Thank you for the confirmation. From reading the white paper, it appeared they were doing something like that. It read too much like the SMT white paper when explaining other tokens being created on top of it etc....
Yes I agree it is a blow. It appears that Vice is doing the same thing as STEEM. The Vice token will provide the bandwidth. I am not sure Vice will be ultra successful attracting the general sites like they discuss but there is a chance they clean up on the adult sites which are large numbers of people.
That is the risk in blockchain...everything is open source.
Still stand on your $100/ STEEM price? It doesn't seem reachable of no one uses SMTs.. or if they just copy the technology.. fork the chain.. or whatever it is they're doing
I still believe $100 is pessimistic. They are giving up on network effects just to have more greedy control. And that is the purpose, control. Im not going to direct link unless someone sqys they want me to since its nsfw, but if you go over to dlive crypt0hoe (@canditits95) has a good discussion on it.
EDIT:
Actually, no reason to weird about linking, you can make your own choice on whether you are comfortable learning about a porn coin from a naked girl:
https://www.dlive.io/#/video/canditits95/2f3601b0-e86c-11e7-a1f3-03b38c48dfd2 NSFW
Trust me I'm comfortable #grownassman
Absolutely.
Look at bitcoin and eth forks and what happened to the main blockchains...they kept going up.
Not all are able to fork a blockchain...plus people have to use the new blockchain and if they dont, what happens? Look at BTG...is anyone using that?
Few realize how difficult blockchain technology is and the barriers encountered. Being involved with manna I see what takes place with the tech people and how it is a challenge to keep these projects from falling apart. Lots of coders and programmers out there, few blockchain/cryptographic experts in comparison.
This is why a lot of the ICOs end up collapsing...the non-scam ones do not realize the challenge ahead and what it takes to successfully pull it off.
Ok.. that's why I'm asking.. I have read 100s of posts about it and still barely understand basic blockchain... you start talking about forking and I get hungry or horny... sometimes both lol
Porn to placate us hahaha. I am very interested to see what the price will be though.
Is it to placate or seduce us?
Both!
I've already discussed this withan adult actress trying to make the move to STEEM. They will likely have short term success, but the "steem of porn" is just called steem.
It will be very interesting to hear steemit inc's take on this.
As I understand it they are focusing a very large proportion of their development resource on SMT's - and in turn staking a large chunk of the future prosperity of steem on the success of SMTs.
I am guessing the idea of another organisation just picking up the idea and walking away with it was not in the screenplay of "Steem to the Moon - the SMTs are coming".
Hopefully APPICs will be storming into action very soon to demonstrate to the world the power of the steem based SMTs.
I would believe that the development team was aware that any organization could enter and fork the blockchain. What might be of help is that while Vice has intentions of doing what was written about in the SMT white paper, how many non porn sites want to use a blockchain associated with that? This is especially true when you have the exact same options with steem.
I would love to hear @ned's thoughts on this.
Yes I do not particularly see it as a bad separation.
There might be 'social baggage' associated with Vice that could in some arenas be a negative for steem. So an air gap between them would be no bad thing.