It's a strategy to say that "witness rewards will be boosted" because in the end they need witnesses supporting this hostile takeover. Think it is like a bribe.
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It's a strategy to say that "witness rewards will be boosted" because in the end they need witnesses supporting this hostile takeover. Think it is like a bribe.
It is a bribe. But the witnesses will be the exchanges and Tron BPs or whatever they are called.
"Community" witnesses.
Completely, this is to ensure compliance with the new CENTRAL AUTHORITY!
All aboard the C-Train!!
^It works on several levels.
While at the end of the day, witnesses are needed to maintain the infrastructure - what is the point of infrastructure or the blockchain at all if creators aren't rewarded in an equitable manner?
As I stated - people don't come to steem to see the marvels of its underlying technology, they come for the ability to etch their statements into an immutable ledger, get a reward in exchange for that, or to share their creations with the world.
Imagine there would be only Steemit. No SteemMonsters, DTube, 3Speak, Steempeak, SteemWorld,etc.
It doesn't stop the stuff running on the chain, it just takes away the incentive.
Also, do I read this in an Elton John sing song voice?
Oh wow, thanks! Impossible to read that without singing now! XD
Sorry, not sorry. Great song though!
I don't get it.
And no wonder you don't get it when @holoz0r meant John Lennon, not Elton John...
John Lennon I think.
Imagine there could be a hell of a lot more if it wasn't for most of the witnesses their greed.
Don't worry, new APPs will fill the vacuum
Its a bad approach and we have seen it failing first hand. There must be an intrinsic utility value provided by the chain like dApp which generates revenue. Otherwise, the system is flawed.
A suggestion could be that when a post is promoted or featured, the money used for that promotion or feature is spread to the accounts that delivered page views or clicks on that promotion, paying content creators for the impressions made.
It's need an ad sense like anti spam / anti gaming mechanism to stop bots, but it's another way to share revenue.
yes, something like that. A part of the revenue can be paid back to the apps. In anycase we are seeing the first generation apps and also seeing the issues around it. What we are witnessing, IMHO is the evolutionary steps in the blockchain paradigm. Time will tell beyond the Bitcoin usecase, will the public-ledger will live or not.
I hope so. I came to this chain to say what I want and to stand by the history of what I say, acknowledging that my changing opinions and thoughts of matters can be scrutinised openly.
It's okay for someone to change their opinion and outline the reasons for it.
It is n it okay for them to delete all traces of what their opinion or idea was at a certain stage of history.
Interestingly I was reading a paper given below today ...
This is great : )