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The SMT Oracles whitepaper.. [call for academics, modelers and deep thinkers] by ned

View this thread on: hive.blogpeakd.comecency.com
· @ned · (edited)
The SMT Oracles whitepaper.. [call for academics, modelers and deep thinkers]
![0D43DE36-983B-42A0-A8DA-0609DE5F19C3.jpeg](https://steemitimages.com/DQmSegeh423oJaMPCsw12UpgTgnF9YTDQVUyUC5b5CwRd8m/0D43DE36-983B-42A0-A8DA-0609DE5F19C3.jpeg)

Lately I’ve been having lots of conversations about how Oracles can impact Rewards Pools in Smart Media Tokens (SMTs). People are interested in ways to leverage Oracles to create very unique communities I think for some key reasons:

 - SMT Oracles are all about using real world events confirmations to construct SMT rewards pools around incentivizing real world actions, such as exercising, writing and coding, as well as unique traits such as identity and geography.

 - the result of SMT Oracles ranges from democratized Steem-like tokens, which could be felt to be more “fair” and have better by products in the sense of wisdom of the crowd and content discovery, to endless job creation by autonomously incentivizing all sorts of real world behaviors while being safely decentralized

Currently I’m writing the SMT Oracles Whitepaper to expand on this system and the next phases of SMT development. By writing this paper, we’ll lay out clearly what’s needed technologically to augment the SMT operating system for the yet untapped use cases and job creation caused by bringing real world information to decentralized token distributions.

The economic and political mechanics of SMT Oracles are similar to Steem DPoS Witnesses - where instead of block and USD price-feed producing Witnesses, Oracles are paid for with SMT subsidies/new token emissions for pre-defined event-verification jobs and participants are voted into Oracle positions by stake-weighted voting of an SMT or a combination of SMTs.  There are some other major differences, including the possibility of second levels of Oracles whose jobs are Quality Assurance, and the need for data consistency thresholds when determining consensus over how SMTs may be distributed.

If you find SMTs and SMT Oracles interesting, send me a message if you would contribute to the paper.  Would love to hear from you. The best way to message me is @ned on https://Steemit.chat

For more background, two resources for SMT Oracles discussions so far are the SMT Whitepaper (https://SMT.steem.io) and this discussion with inertia: https://steemit.com/smt/@inertia/smt-oracle-decay-problem

Ned


Some of the outlines for the system:

Compensation control comes from potential loss of job - similar to Steem DPoS Witnesses.

Oracles data may need to overlap at some high threshhold, such as 75%, for the data to become consensus over allowing rewards distributions.

Quality Assurance Oracles may be subsidized to call out poor performance by first layer Oracles.

Potential Oracles need to compete with each other for jobs and exposure of poor performance is in the challengers' interests.

Consensus over permitting rewards distributions may come from anywhere between one and thirty elected Oracles. The number of Oracles is defined by the SMT creator.

Oracles as they affect SMTs Rewards Pools are only here to answer a simple question: Did the entity behind this account perform action X, or X+Y, or X+Y+N? If yes, publish the account on the Oracle's feed.

If you are a user trying to earn SMT, will you react in either scenario where a) Oracles are not including you (incorrectly) in their feed and b) where other are being included (incorrectly) in their feed. The answer is the user will react, likely publicly and on Steem, to both because they have an incentive to do so. This feedback loop strengthens Action/Event Feeds where Price Feeds lack because of the difference in potential loss for individual user-participants rather than socialized loss.

Some Oracle systems will fail, some will succeed.
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@abhishek77 ·
$0.22
Great post
Your this post was also cool like your
Other post ... nice work 👍
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@public-eye ·
@abhishek77 
what about my this post?
Was it great and awesome like my that other post?
Oh I hope so.
It would say so much to me for it to be sew.
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@admab · (edited)
Hii. please a group of friends and I are planning to organize seminars to introduce steemit to youths in our community. We would be needing your help on this to get probably videos and slide shows that would enhance our presentations. i hope to hear from you soonest. best regards. @ned
you can get me on bajifolawe@gmail.com
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@admiralsp ·
Great initiative,  so how's it coming up now,  any update on it?  I see the post was dated three months ago.
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@ahmeed.try ·
@ned please stop flaging me. Every post i am close to get paid on inget a flag stop the flaging. It's not fair.
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@alidervash ·
Such nice post thank you for sharing,
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@alirajput ·
GOOD ONE ...
@NED WHAT ABOUT STEEM PRICES..?
👍  
👎  
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@amirtheawesome1 ·
I understood like 3 sentences and 2 of them were "Some Oracle systems will fail, some will succeed." But good luck, I'm rooting for you.
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@anarcotech ·
I'll be contacting you in the next couple of days. Very keen to get involved with SMT's. More than gutted I missed Steemfest this year, as I would have loved to have had a chat with you @ned.
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@anforo · (edited)
Oracles! Let’s see what it will be. I like the name. Well, I also heard that first SMT tokens would be taken out for Dtube platform and that’s great! Two services are like old allies who want to go through the battle together from the early beginning. I hope there will be more supporting services and us, supporters of new crypto world model. I’m happy to be here, thank you, @ned!)
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@arcange ·
Congratulations @ned!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20171108) in the following categories:

* Comments - Ranked 7 with 96 comments
* Pending payout - Ranked 1 with $ 257,84
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@arifmunandar72 ·
https://steemit.com/art/@arifmunandar72/dailyart-28-or-digital-drawing-of-ceo-steemit-ned-428c664d1af54
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@aspiejoe ·
Hello Ned. My name is Joe Keeler. I'm a "high-functioning" Autistic and am trying to bring awareness to Autism. I was wondering if you would check out my page sometime. Thank you.
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@audry16 ·
Hello, I know you do not know me, I know that maybe it's just anyone out girl in the world, but I have a dream and I would like to please, that you give me a minute of your time to read my post, I would really appreciate it, i know that it is one great minute of your life and I know, it's worth a lot, but one minute of our lives, can change the life of another.

Please change my life.
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@balasan ·
$7.46
>Oracles as they affect SMTs Rewards Pools are only here to answer a simple question: Did the entity behind this account perform action X, or X+Y, or X+Y+N? If yes, publish the account on the Oracle's feed.

I think there is room for Oracles to be able to be more nuanced and even dictate the reward-shares of posts and users.

For example — custom reputation computations are a great use case for Oracles. These computations can be complex, but based completely on the data from the Steem blockchain and easily audited using Merkle Proofs. Such reputation systems can be used in conjunction with staked SMTs to determine post and curation rewards. This opens up a door to a whole range of possible combinations that have the potential solve a variety of reward distribution challenges.

Possible applications — prediction market for posts! Such a market could be designed to reward the great content posted by unknown/new users and limit rewards for automated voting on whale posts.  

Reputation systems can also enable gradual penalties for voting rings and Sybil-like behavior.
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vote details (18)
@bashadow ·
I have worked in, for, with and been scrutinized by Quality Assurance. *"Quality Assurance"*, can be bought, paid, hijacked, and play favoritism, at almost anytime. So without a strong leader willing to look at the work of the QA department, that business will fail, or have major problems. The news is full of failures at the Quality Assurance level. 
So I think you will need to have a very very important person who would and could be fired for any failure of the Quality Assurance branch. So a function of the Chief Financial Officer would be the buck stops here person of Quality Assurance.
👍  
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vote details (1)
@ned · (edited)
$1.40
Quality Assurance is simply publishing a list identifying what the Oracles are getting wrong. It’s a bit like a “missed block” report for DPoS Witnesses.  Because it’s a simple job, it should be codifiable and I expect add value in terms of data accuracy.
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vote details (6)
@bashadow ·
$1.32
Oh, completely did not understand that part then. I am still very new to crypto stuff and SMT's have confused me more. I will most like try to avoid this kind of link in the future. But I do love social aspect of steemit, thank you for providing and keeping it running.
👍  ,
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vote details (2)
@bashadow ·
I hope you are able to read this @ned - - - Something seriously needs to be done. - - -  **Please read this post** https://steemit.com/steemit/@michelle.gent/i-writer

Here was my comment to her "*That totally sucks. I as you know, really appreciated being able to read your stories. It is what I enjoy doing, reading, then to have as ass wipe drive you away, I am more than slightly pissed off.*  And here is the problem child:
> **"The only way I will be able to reconsider sticking around and only curating is if @transisto removes all the flags from my work and goes and does something useful with his/her votes instead."**

 Can I as a new user do anything about this, other than to inform you of the problem, he has 495,379.986 STEEM (-130,561.023 STEEM), my downvote to him would not even be noticed.
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@binkyprod ·
$0.10
If a small business jumps onboard at the beginnings of SMT, how would they then implement it? Even if it's added easily on a Weordpress site, how will that incentivise readers to use them, who can invest and how will we profit from it?
👍  
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vote details (1)
@ecoinstant ·
$0.10
Its not necesarily a profit mechanism, but by creating a market it could be sold for steem.  This can only happen if the token has a use-case other than selling, ie buying or subscribing to your product.  This probably has to be exclusive with some existing demand, if they can use fiat then they might avoid using the SMT, which would fail to create the market.
👍  
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@binkyprod ·
OK, gotchya. Thanks :)
👍  
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vote details (1)
@bitgeek ·
comment
Congratulations @ned, this post is the  most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 14 and the total pending payments to posts in these categories was $606.69. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-8th-november-2017--part-ii). 

If you do not wish to receive these messages in future, please reply stop to this comment.
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@public-eye ·
Can you say this on my post?  I want to be known as a Superhero and a Legend!!!

So cool!  XD
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@eturnerx ·
100MV is about 50K SP. You too can be a Superhero/Legend.
👍  ,
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vote details (2)
@tusharvasave ·
wow that is great.
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@captain1 ·
nice post brooo
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@cnts · (edited)
# ...keep up the great coding(s)
# ......promo†ed & up√oted via @cnts    :]
https://media.giphy.com/media/3o7aCY4BbAQvrWpHxu/giphy.gif
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@j3dy ·
what does a doughnut have to do with anything :D and why is it being electrocuted :D 
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@tusharvasave ·
$0.08
great creativity.
👍  
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vote details (1)
@curazao · (edited)
It makes me remember to Manual Curation System... I think that the soul of Steem evolution is in that key! Or I almost love that each day more. SMT will be great for that and the Oracles def are great as I see.. .where can we find more info about teir future work?
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@dana-edwards ·
$1.40
This is exactly the problem I was just thinking about in my last post. There is an issue right now where the reward pool is shrinking and bloggers are upset. Of course as the reward pool shrinks every post has less potential for rewards, so some bloggers post more frequently as a result.

Any way which can expand the reward pool, provide opportunities for new participants to get rewarded, and also protect established bloggers with a history of producing quality content will be helpful. We all win by growing the Steemit economy in my opinion. 

Smart oracles are a fantastic idea.
👍  , , , , , , , , , ,
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vote details (11)
@funatoz ·
Yes , you are right I have think this is something where we have to work
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@taskmaster4450 ·
Does the shrinking reward pool matter if the price of STEEM is increasing?

I know it isn't now but couldn't it ultimately become a wash?
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@dana-edwards ·
$0.69
But we need the SMTs and other tools in order to drive demand for Steem. We all want to add value to Steem but there is only so much that content producers can do to drive demand for Steem with the current model. So by providing a bigger set of options for how people can add value to Steem this will allow people who have different skills to participate in building Steem up.

And you are correct it is possible if we just wait that eventually the price of Steem could go up on it's own but I think it's better to build the economy by adding value as much as we can to improve those odds.
👍  , , , , , ,
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vote details (7)
@public-eye ·
@taskmaster4450 and @dana-edwards
Yes, ideally, as more people join steemit AND BUY IN to steemit, then the price will go up at an equivalent rate and so.... even though you get fewer STEEM per post, they are worth more, so it is a wash.

But it won't ever be a perfect reflection.  Other market factors etc.  So ideally, if people can save and hold and just cash out at the right times, it will all work smoothly.

at the moment.... it isn't ideal.

Further increase of STEEM value through work with SMTs, front end apps etc should help.
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@yonny ·
$1.49
were just at the bottom of a rising cycle. The alt market should resume growth shortly and change the dynamic of the steemit ecosystem!
👍  , , ,
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vote details (4)
@dana-edwards · (edited)
$0.66
The more I think about this idea and it's dynamics the more I like it. Some questions though. Won't we need some manual mechanism to determine the entity performed the action in some cases?

For example if the action is relatively simple such as the entity created a website then based on evidence (and perhaps some of this evidence collection can be automated), this can be verified as true. 

So one obvious example I can think of to use something like this is with photography. The real world action could be to take a photograph of an event for example. Photography would be very obvious and easy to verify. Something like coding on the other hand is a bit more difficult.
👍  , , , , ,
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vote details (6)
@ecoinstant ·
How can we be sure that the photography is of the actual event, and that it is original?  This sounds like a semi-automated mturk job - there will have to be manual aspects to the oracles.

I am most interested in world improving efforts like planting trees and following up with them.  Having oracles verify good deeds sounds like a really fun job that has the potential to change the world.
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@dana-edwards ·
Well for example suppose you want a photograph of something which hasn't happened yet?
👍  
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vote details (1)
@darsico ·
Smt's the future is now! :)
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@daydreams4rock ·
Hello Ned, i attempted to find you on chat but was not able to connect - perhaps you can message me there on this user name? I would like to be considered as an Oracle. I am based in Australia, so on a different time period and this maybe useful -and i think with guidelines or training i could easily identify if people are using just one account for posting or other Oracle duties. I don't mind even working in support of an Oracle if that better suits my limited technical level. All the best, David
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@dhimanyog ·
I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.

Thanks a lot :)
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@dildar ·
hi                                                                                                                                                                                    
  nice post. i jutst upvoted u. plz do same for me.
    https://steemit.com/animal/@dildar/the-girl-had-gone-to-give-food-to-the-tiger-something-like-that-would-be-trembling-at-seeing
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@dragonite ·
This look big but I think a simple test like how to confirm a real world event is needed. Do we have such technology available?
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@drmake ·
$0.12
My most in-depth thought about SMT: I'm worried an average user (i mean a normal one not the crypto experts here on steemit) can handle 100s of additional currencies. But it will require much more average users then crypto experts to make all of those coins a success. I would instead like to see tools and interfaces to better integrate steem into other communities and other kinds of content. Having each community managing his currency is making things more intransparent and challenging to compare. Comparisons only experts will be able to do. Ask your self what might be better...a huge market for one content based coin or 100s of marginal markets with different content coins.
I can see only a handful of SMT succeed in the long-run.
👍  ,
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vote details (2)
@woodywood143 ·
I agree, the basic "complexity" of the rewards system now keeps many from joining Steemit.
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@febinkk ·
Once more cryptoprojects become mainstream the vast majority will take the complexity as granted. Consider how many normal people are worried about inflation/interest rate/exchange rate relations while using fiat currencies in daily life. But there are indicators they will be worried such as salary or price.

The next group of people getting added will not be worried about the blockchain tech, and the very next may not even be aware of its existence. I wonder how many of us are aware of TCP/IP.  

The early adopters can easily become powerful participants of tomorrow's crypto world, while the crypto layman of tomorrow will be aware of only the indicators such as number of votes on posts or the dollar value near it.
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@ecoinstant ·
Having trouble finding @ned on steemit.chat - keeps giving me @ned. - the same fellow who offered to sell me @ned's upvote for SBD!

Anyone know how to solve this?
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@edith4angelseu ·
That would be great boss. Let's see how it all plays out.
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@eljose27 ·
# Greetings dear founder @ned, I want to be your friend.

# This platform doesn't let me stand out for free, it's unfair.

<center>![](https://steemitimages.com/DQmVJrvbBgUqv5iqQuyN1j1uTZhNS6fH2GkkCL1e44RhYv9/image.png)</center>
👍  
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vote details (1)
@elshadr ·
Sure...ofcours
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@emekaorjiani ·
Well-done steemit, you really do have smart way of keeping the system improved. Am on your side.
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@fauziahmad ·
Thaks for steemit.com and i hop this community can be number one in the world
#IncredibleCreatifity
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@future24 ·
Thanks for sharing the whitepaper and Im very excited about the SMT´s, it will be a rocket for #Steemit!

PS: I have uploaded my own version of your awesome opening speech on DTube @ned, for everyone who wasn´t able to visit the Steemfest² and for everyone who wants to watch it again: https://steemit.com/dtube/@future24/9zowy5jk
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@g10a ·
wow that was cool sir.
>**<sup>STEEMIT ACHIEVERS PHILIPPINES**
Soar High Be An Inspiration</sup>
<sup>#steemitachievers</sup>
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@geekgirl ·
@ned I know you are busy man, could you ping me on steemit.chat when you get a chance. Thanks
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@ghmboyan ·
I'm too so think
👍  
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@gopaldas ·
Plz giv me vote
👎  ,
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vote details (2)
@tusharvasave ·
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@gopaldas ·
I  giv u vote u cn giv me vote n lik my  videos n i follow u n follow me  plz plz plz
👎  ,
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vote details (2)
@tusharvasave ·
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vote details (23)
@hadimaulana ·
$0.14
hallo, i am a newbie to this steemit, best regards for you. Please guide me
👍  ,
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vote details (2)
@healthbasics ·
$1.42
The more that we can link STEEM to real world experiences or goods the more value it is going to have. If people have to always power down to get value for their STEEM the true potential of STEEM will never be realized.
👍  , , , ,
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vote details (5)
@oodeyaa ·
$1.22
**SMT has great potential and it will fuel the Steem price steeply we are super excited to know more and more about it as it's the master stroke for the betterment of our future.**
Thanks **@ned**
Regards
*@oodeyaa*
👍  , ,
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@healthbasics ·
$0.03
If the SMT still are not connected to real goods and services then they are just adding another layer onto the current problem of people powering down to get value. Why is it that people are wanting these tokens? What is going to make them want to convert their current cash into STEEM to make them want to buy it? Or will it be something else that people can earn with a time investment which they will power down to get value for and then compound the problem of downward pressure on STEEM.
👍  ,
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@ifioklee ·
Great, we can wait for the SMT to be launched
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@intrepidsurfer ·
hello @ned

Do you wonder about the power of Steem? Not just it's monetary value, but as a tool to make change  happen? I often think about that and the more I work on steemit, the more I see huge potential. I noticed you have a philanthropic side to you. 

I have recently started a very simple project on steemit. It is called 'Upvote a tree', where I donate 100% of SBD to the cause of reforestation here in Northern Peru. I actually plant the native tree saplings myself and I post videos about it on here. I have worked in the field of international development for over 10 years and I have yet to see anything close to what steem can do for the world. The principle of just a simple upvote, no mater the value, means it is participatory and driven by a growing community. I could go on and on about my thoughts and visions, but I know you probably get loads of messages and thank you for reading this far. 

Kind regards,

@intrepidsurfer
👍  
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@irwandi ·
Great, Thanks @ned
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@jackytjai1984 ·
$0.03
Great post
👍  
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@jancharlest ·
hi @ned can you help me please where can i suggest my idea of making a new challenge? please respect my post comment thanks. 
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@jasonmunapasee ·
this is really a good job my friend, success is always for you.
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@jeffjagoe ·
Haha I was wondering what the hell those symbols on the STEEMFest T-shirt were.... they must be Oracles! haha
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@jenkinrocket ·
Oracles are something that those of us just wrapped our heads around the block are still getting used to. What are some good resources for understanding them better (other than the links @ned included?)?
👍  
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vote details (1)
@inertia ·
They're a little bit like a notary public, in US Jurisprudence.  Sort of.  An oracle could even do the same job, if that's what the requirement is for the particular application.  "This individual proved their identity and signed this document, stating the document was true."
👍  ,
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@public-eye ·
a high tech ninja notary public.  I like it!!!
That is how I will explain them from now on.
XD
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@revo ·
Yeah, before I can address @ned's question I need to first know what an Oracle is.
👍  
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@jery ·
hey @ned you developer steemit, i lost my steemit keyword, can you restore my password, i tried to recover my account but can not. Please
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@jga ·
Hi @ned. I have created the [Steemopoly - monopoly for steemit](https://steemit.com/funny/@jga/steemitnopoly-monopoly-for-steem), and **you are one of the protagonists of this game!** I hope you check it out.

Thank you for all your work in this amazing platform!
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@joe.public · (edited)
$0.10
Hello. The question in my mind:
Will groups who initiate the SMT’s have the option of creating tokens that are actually Steem? Therefore providing the maximum amount of utility for token holders?
Or is the plan to have them as completely separate?
👍  ,
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vote details (2)
@ned ·
Yes; tokens can be backed up to 100% by STEEM using the Automated Market Maker
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@joe.public ·
Ah thank you, that is good news
Did you see that bloktraders downvoted my comment and destroyed the entire payout a few hours ago?  lol 
Oh well but I thought downvotes had been taken away?
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@jonbee ·
thanks for your post, dear my friends, please please please Look At My Post and So that everyone can see... https://steemit.com/life/@jonbee/one-downside-of-steemit-com-is-the-downvoting-flagging-on-a-post
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@jovi ·
I hope it really does boost Steem price. It will be a great one
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@jwolf ·
Be happy! Segwit2x is canceled.
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@k-l-c-n-s-e ·
$0.22
Wow. I cant wait i would love to start coding up an SMT. I got the most creative idea there is. Its so simple yet
👍  , , , , , , , , , ,
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vote details (11)
@kenhudoy ·
and intelligent innovator @ned
wish  you all the best in your future endeavors taking steemit into great heights... SMT oracle whitepaper sounds amazing... keep it coming
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@kingkhann ·
$0.23
How is the reward helpfull and how to get it though
👍  , , , , , , , , ,
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vote details (10)
@kingscrown ·
we need easy system/framework to create tokens
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@maxsteem ·
With low cost too lol
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@kmubaraq ·
Hello @ned, i'm from indonesia Ilovesteemit forever
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@lays ·
$1.94
@ned sir please do something for steem coin price it is going down too much
👍  , , ,
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vote details (4)
@acidyo ·
Great way to use vote buying!
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@mk40 ·
XD
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@beanz ·
Buying votes doesn't help the price
👍  
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vote details (1)
@buildawhale ·
<p>This comment has received a 0.75 % upvote from @buildawhale thanks to: @trumpdump.
Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.</p>

<center>https://steemitimages.com/DQmc5t6D8mQqFtQDK4yfhuLhQs7zTVJnnktcJEn4Mm2ArBu/baw_I-smallsize.gif</center>


<p>To support our daily curation initiative, please vote on my owner, @themarkymark, as a <a href="https://steemit.com/witness-category/@themarkymark/witness-themarkymark">Steem Witness</a></p>
👍  
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vote details (1)
@son-of-satire ·
$10.68
What's with the GIF? I thought this was about building a whale, not getting humped by one. 

But, I suppose it is rather fitting considering one pretty much needs to bend over in front of a whale in order to make some worthy rewards around here.
👍  , ,
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vote details (3)
@charles1 ·
$0.15
@lays take it as an opportunty to get more steem as it is very cheap now...price will moon by next year, so stop complaining rather buy steem and power up and you will be all smiles next year ie after the HFORK 20 and SMT token implementation
👍  , ,
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vote details (3)
@davebrewer ·
That could happen.  That is one possible outcome.  But no need to buy STEEM today.  There will be a chance to buy at less than $0.25 in a few months.  If you want to load up, I'd wait until it gets a lot closer to hitting bottom
👍  
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vote details (1)
@ecoinstant ·
$0.03
It is an inflationary coin!  Try Powering up to SteemPower for inflation protection - plus you can use it to upvote!
👍  , ,
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vote details (3)
@public-eye ·
Is @ned a wizard?   I don't know if he can simply snap his fingers and raise the Steem price on the open market.   

Perhaps this is an inside joke.... in which case I am the fool.

It gave me a laugh though.  And not at you.   I too would like to see the price of Steem go up.  It should.  It is much better than alt coins going for $20 or more.  But in a short term drop.... it is probably 100% out of @ned's control.
👍  ,
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vote details (2)
@healthbasics ·
If @ned is still trying to diversify his portfolio and powering down his account to other crypto currencies he could stop and that would put less downward pressure on the price of STEEM. But that goes for all the early adopters and points out my previous points of needing other real world places to spend your STEEM on.
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@lays ·
at least he can put fake holdings to make price stable
👍  
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vote details (1)
@resteemable ·
Steem is up. Perhaps you're the wizard :o
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@son-of-satire · (edited)
$0.04
STEEM will return to at least 0.001BTC and *possibly* go between 50-100% higher than that. At that time, 0.001BTC will likely be worth as much as £8-10. 

**Warning:** This could be bullshit. Or it could be an accurate prediction based on an analysis of the markets by someone with an excellent talent for problem solving. I'm not sure which one it is.

I would exercise some restraint in case it is the latter. What you do is up to you, but asking Ned to sort it out is not really productive. He is obviously already concerned with the price as he has a considerably larger stake in STEEM than you or I. But some people who read a comment such as yours may be inclined to go sell their STEEM if they believe people to be worrying about the price.

You are hurting your cause, friend.
👍  ,
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vote details (2)
@lestatisticien · (edited)
Hello @Ned. I too have not been able to find you at https://steemit.chat . From the vantage point of my account there, only four channels are shown. None of them would be appropriate for your materials. Do you have a private channel there?
Anyway, my offer to participate in the Whitepaper development project is presented herewith. My contributions  would probably exclude coming up with 'bright new ideas', and, fortunately,  there seems to be no shortage of people around you who are ready to do just that.
My offer is to bring into the team someone with a fairly deep background in public communications (from a fairly high corporate position) and who has spent countless hours trying to make technical points clear to students. I would be more than happy to give you the details behind "fairly deep background"; but I would rather do that in personal emails rather out here on the block chain.
I propose to contribute towards the review process concerning the overall organization of the document and the flow of thought among main ideas within its sections, and (perhaps more important) clarity of expressed concepts and ideas. 
The key function of my proposed contribution would be to bring to the attention of team members terminology and ideas which they all take for granted as being clear (as regards meaning), or having been defined, when from the perspective of a person looking in from the outside (a person not in the inner circle) important things need to be clarified if you're going to effectively cross the bridge from the inner circle to the outer world where a great deal of effective SMT marketing seems to lie ahead as a challenge.
Although my professional background allows me to say without any embarrassment that I might expect compensation for the service, I wish to say now that the service will be volunteer work done for Steem Inc.
Have you considered placing the White paper development process into a Github account?
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@ned ·
I pinged you on steemit chat for your github handle. thanks!
👍  
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vote details (1)
@lestatisticien ·
$0.50
Thanks @Ned. I will check this out tomorrow.
👍  , , , , , , , , ,
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vote details (10)
@letsmakes ·
wow great post
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@lrd ·
SMT is the future, or at least part of it.
👍  
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vote details (1)
@luna33 · (edited)
$2.14
>Did the entity behind this account perform action X, or X+Y, or X+Y+N?

I thought oracles were going to solve proof of unique individual are they not?
👍  , , , , , , , , , , , , , ,
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vote details (15)
@ned ·
$0.80
Yes. The action/question for the Oracle to answer could be: did this person perform all the actions necessary to prove they are a single person using only a single account? If yes, publish. If no, do not publish. This y/n verification keeps the approach simple for the Oracles.
👍  , , , , , , , , , , , , , ,
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vote details (15)
@dana-edwards ·
$0.77
Pseudonym parties may have a role to play here. @johan-nygren has ideas on how to solve the proof of unique individual problem.

Oracles seem to be part of it and pseudonym parties the other half.
👍  , , , , , , ,
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vote details (8)
@luna33 · (edited)
$0.11
What actions do you have in mind @ned, can you give an example?  I have thought a little about it but still think it could be gameable..Anyhow Oracles sounds interesting.
👍  , ,
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vote details (3)
@wizardave ·
1st thanks @ned for steemit!

I'm fairly new here so don't fully understand all the concepts.
> prove they are a single person using only a single account
+ Will there be a particular reward of some type if someone proves they are...?

Being a webmaster since about '95, I totally understand why this is important.
+ I had a forum going back in the 90's and this guy created a second account, started an argument with himself, convinced himself he was correct and then pretended to now support the original membership.
  + All because he held a view that most people disagreed with. He would then post as the 2nd account telling people they should listen to the first account.
  + All quite deceptive.
    + When I discovered the situation, I booted him from the forum. And then, I caught heck from quite a few of the very same people he had so blatantly deceived.

So am I correct in ***ASS***uming this is important to help prevent deceit and fraud?
+ Or is the more important aspect to help prevent gaming the system?
  + Or is there another reason that I don't know to ask about, since I'm a newbie here?

++++++
Second question...
Won't this also put a stop to people creating a second account to create a group?
+ I've seen many curation groups, resteem groups and the likes.
  + Groups seems to be a valuable asset for the Steemit platform going forward.
    + Does the future hold a way to create groups, without causing a problem with the "single person using only a single account" verification?

++++++
One last question.
Wouldn't another reason to create a second account, 
be because you want to have a business account?
+ either real world or online business.
  + that would become an asset of the business.
  + and transferred to someone else if the business ever sold.
    + Does the future hold a way to create a business account, without causing a problem with the "single person using only a single account" verification?

++++++
Or am I way off base in asking these questions?
Am I missing some basic premise?
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@luzfermin ·
Que difícil se me hace entender la información que transmite. Me llena de curiosidad e interés los temas por que son más que simples publicaciones. Están tratando temas reales ,buscan soluciones y mejorías. Buscan más y eso es bueno.
👍  
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vote details (1)
@luzfermin ·
How difficult it is for me to understand the information that it transmits. It fills me with curiosity and interest because they are more than mere publications. They are dealing with real issues, seeking solutions and improvements. They look for more and that's good.
👍  
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vote details (1)
@mariska.lubis ·
This is interesting, I might need it since I do my research and teach as well for various subjects.
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@marshalllife ·
Sire this a good and Lovely idea cant wait until wen its will be implemented
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@marshalllife ·
I dont know if it all be accurate 
Cause Oracle's computations are complex, its a good idea though, we looking forward to that
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@mattclarke ·
Anyone looking to verify based on geography needs to know about https://map.what3words.com
The world has been divided into 9ft x 9ft squares, and each of them given a unique 3-word name. I went into more detail [here.](https://steemit.com/technology/@mattclarke/every-place-on-earth-now-has-it-s-own-name-and-with-a-name-comes-a-history-and-even-an-identity)
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@mdo ·
Very nice content, thanks for sharing
 your post resteemed!
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@moorkedi ·
nice job dude !
👎  ,
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@munawar1235 ·
$0.65
I am eagerly waiting for SMT. It will surely boost steem price. I am glad to know that @ned is working on it.
👍  ,
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@ionlysaymeep ·
meep
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@myaceh ·
Thank you, this is very inspired, good luck @ned
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@myeasin ·
Keep This Good Work hope you success in life.
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@mynameisbrian ·
$12.02
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@ecoinstant ·
$0.03
Perhaps you are not the target audience 😂
👍  , ,
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@funny-videos ·
Nice post! What will happening, if someone resteem your post?
👍  ,
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@public-eye ·
que?
porque no?
I bought a steem ticket too
XD
👍  , , ,
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@mynewlife ·
Can't wait to see how this will develop
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@nationalpark · (edited)
>The best way to message me is @ned on https://Steemit.chat

Is Steemit.chat the official channel for Steem? 

My account at steemit.chat was banned by firepower, because I revealed the fact that he used a comment bot to spam steemit with 100-300 comments each day.

The spammer, firepower, has privileges to control who can talk at steemit.chat. He also banned some other accounts who supported me. Please reconsider whether steemit.chat is qualified as the channel for Steem/Steemit.

For details please check the links:
* https://steemit.com/steemit/@nationalpark/observation-and-analysis-firepower-of-spamming
* https://steemit.com/steemit/@nationalpark/observation-and-analysis-the-dark-hand-of-steemit-steemit
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@nationalpark · (edited)
We are a group of Chinese Steem users working together to author a Chinese book about Steem. We have about 40 Stemians cooperating to write this book. I would like to know whether we can get support from you for this project.

The book will be open source. We upload all our work to GitHub: https://github.com/pzhaonet/steem-guides
and post our progress at @steemh

Best regards

https://steemitimages.com/DQmQgG2robVguJn8nSLciht44RSJj6qQCZm12ifgaYiwEjw/b2.jpg
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@naveendavisv ·
Looking forward to see it implemented
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@necrosahin · (edited)
Hello @ned, we are trying to reach you via steemit.chat, but your name does not appear on the list. My steemit.chat name: @necrosahin
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@nirobrahman ·
Its always a great pleasure to know something about STEEM, I have learned many important things during this week about steem, smt-oracles and this types of thing. But in your post you have said some oracle systems will fail, some will succeed, then it will be quite harder for some one to get succeeded.
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@noganoo ·
I have a wonderful new idea regarding SMT but I am permanently blocked from Steemit.chat.  Too bad.
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@openmusic ·
😍A very informative post. Great job. Keep it up! 😍
![OpenMusic Steemit Kiss.gif](https://steemitimages.com/DQmVHqeJ8rX8XUv7zZdKzJbDnArY1VqDNQmoUcPKePNj77b/OpenMusic%20Steemit%20Kiss.gif)
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@orelmely ·
<center>https://i.imgsafe.org/2f/2f2d1aaca8.gif</center>
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@tusharvasave ·
nice creativity
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@orelmely ·
Thankss, bro..

If you want one personal GIF.... Participate in my contest
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@parker97 ·
Cool ...
Great pos
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@paulag ·
$0.04
@ned I would be interested in a discussion with you on this. I will be away the next few days but will contact you on chat when I get back
👍  
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vote details (1)
@plushzilla ·
$0.10
Hi @ned, while I think the concept of SMT and SMT Oracles very interesting (and would like to contribute to the whitepaper), I am not sure that the question: Did the entity behind this account perform action X, or X+Y, or X+Y+N? is so simple, and therefore something that can be incorporated easily into a process for Oracles. Of course, all complex operations can be broken down into simpler steps but then it will also be possible to automate as we have seen time and time again. 

I do not have an answer yet but I have been thinking about the issue of bots and looking at data with people from bisteemit to see if there are some clues to help improve the quality of content on the platform, but I look forward to contributing to the whitepaper with an optimistic but cautious view about being able to problems that involve people behaving rationally or logically.
👍  
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vote details (1)
@pnc ·
The SMT protocol could really be BIG. I see lot of utility in designing SMT oracle which could then take Blockchain from online to offline will real life work. This could be HUGE. Looking forward to contribute to this initiative since it has a lot of potential for not for profir organization and local community around the world.
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@preparedwombat ·
http://dilbert.com/strip/2017-11-07
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@rameshkumar ·
Very informative.
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@reet ·
This post is fantastic
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@resteemhorizon ·
https://image.ibb.co/fVfOfw/vip.png
@originalworks
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@originalworks ·
originalworks
The @OriginalWorks bot has determined this post by @ned to be original material and upvoted(1.5%) it! 
<center>![ezgif.com-resize.gif](https://steemitimages.com/DQmaBi37A5oTnQ9NBLH8YU4jpvhhmFauyvgg3YRrEJwskM9/ezgif.com-resize.gif)</center> 

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
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@revelationart ·
Hi-  Ned-I'm brand new here and am an Original Artist showing only my Original Art. Thanks for checking me out!
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@rival ·
Hi @ned, sorry for this direct contact.. didnt know how to contact.. I hope this post will go viral and that Steemit.inc will support it
https://steemit.com/classroomchallenge/@rival/classroom-challenge-win-20usd-and-start-earning-money-with-social-media

This can be huge.. imagine what will happen when the price pool will be $1000... I guess the whole world will start acting.. ( i really believe this)
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@riverton ·
Hello @ned I'm new here.
Help check my blog
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@riverton ·
Nice post
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@rocketsteem ·
$0.22
I believe this is a step in the right direction. Although, even with the current setup, I think that Steem is going to be a MUCH bigger player in 2018 than it currently is.
👍  , , , , , , , , , ,
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vote details (11)
@rusteemitblog ·
You can find Russian version of this post [HERE](https://steemit.com/smt-oracles/@rusteemitblog/belaya-bumaga-smt-orakulov-prizyv-dlya-uchenykh-arkhitektorov-i-myslitelei-ned) 

---

Русская версия [тут](https://steemit.com/smt-oracles/@rusteemitblog/belaya-bumaga-smt-orakulov-prizyv-dlya-uchenykh-arkhitektorov-i-myslitelei-ned)
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@rymlen ·
$1.24
Cool!
👍  ,
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vote details (2)
@sadpotato · (edited)
Hi @ned, I wonder if it's possible to improve the comment section on steemit with adding "breadcrumbs" if there are too many comments and everything starts lagging a lot.

![321.JPG](https://steemitimages.com/DQmUvSmKCWQvekRKTziBCQ5fz4sbpipRsAGHFvdLTQUb8yX/321.JPG)

So the user will be able to divide comment section into several pages instead of one (If he wants) and there won't be too much lag (Or even hide the comment section).

Just saying... because when I go to the @sweetsssj page, for example, everything starts to lag like hell.
<br>
<hr>
<br>
Also, I was thinking about cutting the maximum amount of posts/day for newcomers and (Or even comments per day for new users below certain rating). To prevent a lot of the spam from happening in the future. 

It won't cause any trouble to most of the users and they will be able to do their regular stuff like always, but spammers would not be able to do 10+ posts per day and also harass people in the comment section with unnecessary "good post" or other irrelevant stuff.

Anyways, thanks for your hard work guys <3
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@saifulsl ·
I just joined steemit, I think your post is very good, I will follow you, because I need you to add insight about this media
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@sazaliza ·
nice post @ned
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@seveaux ·
are you hiring some management from the top of the world aswell? Else it would be better to do if you are busy on all kind of things so there is more focus on long term strategy and covering all needs for the community and platform and development all together. To be ahead of competition and able to stand ground if competition comes up with improvement of the system. If that happens, a lot of people would jump on board to be first adopters massively and may leave steem.. it would be a issue the kind myspace had at the time... it died pretty quick
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@shawnster ·
Ned, there is some very bad harrasment and abuse going on with regards to haejin....haejin_cryptoanalyst...he is using the platform as it is designed but is being severely abused and harassed by berniesanders and others...if you don't stomp out abuse like this, this great experiment will falter im afraid...yours truly...shawnster
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@shimaris ·
i follow you
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@shrutisaagar ·
Guys read this and my blog if you have time.. might prove to be an interesting one.. 

https://steemit.com/bitcoin/@shrutisaagar/update-post-to-the-coins-i-mentioned-who-were-in-sync
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@silvia ·
Great post 
Thanks for sharing @ned
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@sirstacksalot ·
$0.52
Thanks for the information!
👍  ,
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vote details (2)
@skeptic ·
Yo @ned, why is internet explorer no longer supported by steemit?

:O
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@snowflake ·
>participants are voted into Oracle positions by stake-weighted voting of an SMT

There is something I don't understand. If the job of Oracles is to whitelist people into a specific SMT, then how are these people going to vote Oracles in the first place and with what stake/SMT...Hopefully that make sense.
👍  
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vote details (1)
@ned · (edited)
$1.32
In an SMT, voting rights (granted by stake) over Oracle positions are distinct from rights to receive from the SMTs rewards pool.  This means someone could own an SMT and not have rights to receive from that SMT reward pool - similar to how many people own Bitcoin but can’t/don’t mine it themselves.

As for genesis - either some SMT must exist at launch/outset to do the voting for Oracles; there will be no Oracle restrictions on Rewards Pools; or the Oracle electorate are decided by another SMT.
👍  , , , ,
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vote details (5)
@ecoinstant ·
Can each smt adjust their inflation rates based on predicted market size?  

I really enjoy this build-your-own subchain SMT idea - I think Ill head over to steem.chat under the 'deep-thinker' category 👈😇👉
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@stackin ·
$0.03
Keep up the good work, looking forward to the future of Steem and awesome SMT tokens!
👍  
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vote details (1)
@starkerz ·
It seems to me that you could use this as a:
1) democratic mechanism to ensure certain, individuals can be entrusted by the community to find the value on the platform and ensure it is rewarded
2) mechanism through which Steem businesses can pay their voluntary workers
Correct me if I have misunderstood.  This has amazing scope going forwards!
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@statsmonkey ·
$0.55
comment
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 83.96 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".
👍  
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vote details (1)
@stealthtrader ·
When onboarding is instant, what will the incentive be for signing up for a _steemit_ account.. Will there be any free STEEM for signing up still when millions of people are signing up for Steemit?
👍  
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vote details (1)
@ned ·
$0.02
Yes; beyond becoming part of a network and sharing in the networks value, think of invitations and referrals with rewards sharing.
👍  
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vote details (1)
@steem77 ·
sorry @ned  ... this link I share in your comment field. I do not ask you to give upvote and comment .. but I just want to share information about what we are doing in Aceh

https://steemit.com/witness/@steem77/vesteem-applications-and-witness-the-first-of-aceh-bilingual
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@steeminator3000 ·
Yeey
👍  
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vote details (1)
@steemitboard ·
Congratulations @ned! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

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@svedenmacher ·
Anyone know why the payout for this post was declined and the amount crossed out??
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@tamwin33 ·
$0.04
@Ned I had just finished a new Steem-based blockchain whitepaper I'd been working on for months when you came out with the SMT whitepaper, making the mine pretty redundant. While yours is far more all-encompassing, we actually came to a few very similar conclusions! I'm not a very good programmer but I love economics work, and I'd love to share my ideas on what kind of DAPPS become possible with this. I'll try to hit you up on steemit.chat later this weekend.
👍  ,
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vote details (2)
@tayyabhussain1 · (edited)
$0.92
# which date is launching SMT i just heard many times about it but i don't see this happening  kindly tell me @ned sir.
👍  
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@terminallyill ·
As a new Steemit user, I';m very excited to see this happen and learn more about it. Thank you for sharing this. I have followed you, please return the favor :D
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@tomo15 ·
please helo me
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@tony-duke · (edited)
i think the SMT will really be a revolution on the steemit platform,,,also the steem oracles is a nice idea,,,,,,,gonna wait till the white paper is out for better understanding
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@tt-dogg ·
if you care about the platform do something about this abuse...grumpy cat is gaming the reward pool

https://steemit.com/@checkthisout/transfers
👍  ,
👎  
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vote details (3)
@turpsy ·
$0.04
@ned,  By the call for academics, i think you mean people in research and development, either in universities or research centre. If so, i would like to suggest that this is somehow pushed and or published on researchgate.net , since that is where you can get alot of researchers from different part of the world. Also, you will get more external review of the process which will not only help the proposal but steemit at large.
👍  ,
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@tusharvasave ·
informative post
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@umar97 ·
Amazing @ned
Thanks for sharing
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@utomo ·
thank you for share this information.
https://media.giphy.com/media/6oB3X3W6MYM3C/giphy.gif
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@v007007007 ·
please follow and upvote my posts SIR...
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@viraldrome ·
I'm hearing a lot about the SMT I understand it was a big topic at Steemfest. Very interesting
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@wix ·
$0.08
Can't wait for SMT, gonna be so awesome
👍  
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@xiaoshancun ·
送给未曾相识的远方的朋友!

![微信图片_20180120195459.jpg](https://steemitimages.com/DQmYVou7HWR8B3t49xR4GWviZLanv4y56k8PZsBgjTMDjHe/%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20180120195459.jpg)
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@yandot ·
Great news sir! Thanks for sharing
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@yasirmirza ·
Always great nd hard work for steemians. 

Thats why i love steemit community @ned
👍  
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vote details (1)
@yellowbird ·
Hope for success.
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@yesaye ·
Hi @ned. Just wanted to say that Steemit website is severely lacking in many functions/fixes. 
It sucks balls.
Gonna start using busy from today.

- Written From Busy.org Using Their Awesome Website Which Doesn't Have Infinite Bugs
👍  
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@inuke ·
LOL :D
👍  
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vote details (1)
@zenashopson ·
Hi ned Scott  I am trying to change my display name can you please help I get a error message Server Returned Error
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