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Have You Ever Wondered Why Steemit Wasn't Built On Ethereum? by stellabelle

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dan · @stellabelle · (edited)
$8.48
Have You Ever Wondered Why Steemit Wasn't Built On Ethereum?
# When I first found Ethereum and Steem, I didn't know a lot about either one. 

I suppose the reason I'm on Steemit is because it is a social network and no other ones like it existed last year. Well, the payouts were pretty important. But when I was first learning about both systems, I often wondered why @dantheman didn't build a Dapp on top of the Ethereum network. After all, Ethereum is bigger and also has a lot of other Dapps already created for it.

# Why did Dan Larimer decide to create an entirely new system?

During my research of Ethereum and Steem, I came across a video which shows Dan Larimer asking a lot of questions to Vitalik Buterin, creator of Ethereum. Dan asks a lot of tough questions and to me, it appeared that Vitalik didn't have really solid answers to them. It gets pretty technical, but the scalability issue was one thing I felt Vitalik never properly answered.

So, if you've never seen this video, it's worth looking at to see some fundamental differences between Ethereum and Steem. If you are skilled in explaining the nuances of this Q & A session, let your comments flow down below:

https://youtu.be/mP82XmUNgNM


_ps- Tonight I just listened to a SteemSpeak episode where @fyrstikken asks @sneak some interesting questions. From that episode I learned that Steemit is going to be putting a lot of focus and energy into building Steemit mobile apps that are easy to use. Consdering mobile app usage eclipsed desktop activity worldwide, that's a good move._

pss- in case you ever wondered what a 'Merkle tree' is here you go, straight from [Wikipedia:](https://en.wikipedia.org/wiki/Merkle_tree)

> In cryptography and computer science, a hash tree or Merkle tree is a tree in which every non-leaf node is labelled with the hash of the labels or values (in case of leaves) of its child nodes. Hash trees allow efficient and secure verification of the contents of large data structures. Hash trees are a generalization of hash lists and hash chains.

> Demonstrating that a leaf node is a part of the given hash tree requires processing an amount of data proportional to the logarithm of the number of nodes of the tree;[1] this contrasts with hash lists, where the amount is proportional to the number of nodes.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 156 others
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vote details (220)
@amirl · 
You are so interesting. Youve been here from the start.
Do you remember a steemit account of someone that died? I think her name was lemon something.
I suddenly remembered this and wanted to check what happened
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@stellabelle ·
$0.03
yes, Laura lemons. She died of suicide. I never talked to her family or anything. but yeah, it was very depressing....i still remember her art too.
👍  
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@amirl · 
Thank you
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@stellabelle ·
$0.04
https://peakd.com/@lauralemons
👍  
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@amirl · 
Thanks love. I found her right after yout previous reply. I feel without knowing her or any of her mates that someone tried to take advantage of her artistic soul.
Peace and love
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@bloctuary · 
Just started my research into blockchain tech, but Dan's comments regarding Proof-of-Work vs Proof-of-Stake beginning ~6:00 min mark struck a chord. The fact that pretty much every chain I've encountered so far is PoW suggests that it has a lot going for it, but the idea of separating the concerns of security vs consensus has a lot of appeal. I've picked up some skepticism about the PoS model around the edges of some conversations listened to, but this provides some extra motivation to dig in. Anyone have any good resources?
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@edb · (edited)
Here's a little reading list. All these papers are pretty technical; there's no easy way to debate consensus protocols.

[Andrew Poelstra, Distributed Consensus from Proof of Stake is Impossible](https://download.wpsoftware.net/bitcoin/pos.pdf)

[Vitalik Buterin, Proof of Stake: How I Learned to Love Weak Subjectivity](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/)

[Vlad Zamfir, History of Casper](https://medium.com/@Vlad_Zamfir/the-history-of-casper-chapter-4-3855638b5f0e#.yfomjn28u)

[A Provably Secure Proof-of-Stake Blockchain Protocol](https://eprint.iacr.org/2016/889.pdf) (Time slots longer than time discrepancies and network delays)

[Delegated Proof-of-Stake Consensus](https://bitshares.org/technology/delegated-proof-of-stake-consensus/)

Tendermint Byzantine Consensus Algorithm:
https://tendermint.com/docs/internals/consensus
https://drive.google.com/drive/folders/0B9S_086dsM0HZnhBcTB2RUxtUjA
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@bloctuary · 
Thanks. I've been slogging my way through the Algorand whitepaper, and I don't think I have it in me to tackle the appendices yet, so this list of light-reading should provide a nice change of pace. Seriously, though, thanks. Any suggested order or just take them from the top?
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@ervin-lemark · 
A clear line between data and its presentation is essential. And scalability of data, of course. I can see that Steem is taking both these issues very seriously. Great for us :)

*Appreciated on my **[Steemit Appreciation Friday No. 5](https://steemit.com/appreciationfriday/@ervin-lemark/steemit-appreciation-friday-no-5)** post. Thank you!*
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@felixxx · 
Without watching the video: I think we are all spoiled, when it comes to transaction speed.
Ethereum simply isn't as quick as Steem.

https://etherscan.io/chart/blocktime

Would you be here, if a vote took 15 seconds to lock in ?
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@igster · 
Ethereum is working on PoS-like system which could bring the speed up to 3 seconds. I hope they get it done eventually.
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@immarojas · 
Mobile app is the way forward.
👍  
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vote details (1)
@shayne · 
Agreed. That's a major stumbling block for steemit right now. Minds.com has an awesome app -- steemit needs one, too.

@shayne
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@stellabelle · 
@sneak said they are working very hard on it right now.
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@stellabelle · 
yup
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@oldtimer · 
This guys are really smart.
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@robrigo ·
$0.07
Great discussion between Dan and Vitalik, thanks for sharing @stellabelle. Got to maximize for the shareholders. And don't debase your entire currency by digging holes and filling them up again!  That's some sage advice from @dan. I will share this video with some friends of mine at work that are interested in Ethereum.
👍  
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vote details (1)
@stellabelle · 
I must say, my knowledge is a lot better now than when i first found this video. However, it will still take me another year probably before I can grasp _all of it._
👍  
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vote details (1)
@screenname ·
Re: Have You Ever Wondered Why Steemit Wasn't Built On Ethereum?
<p>This post has been ranked within the top 10 most undervalued posts in the first half of Feb 10. We estimate that this post is undervalued by $11.38 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-feb-10---part-i">The Daily Tribune: Feb 10 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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vote details (1)
@sykochica · 
That thought never even came to mind, but it's definitely a good one to have asked.

On a separate note, I really think Dan should've kept the beard! Lol
👍  ,
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permlinkre-stellabelle-have-you-ever-wondered-why-steemit-wasn-t-built-on-ethereum-20170210t031213535z
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vote details (2)
@tommycordero · 
Looks friendlier with the beard, I agree.
properties (22)
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@teamsteem · 
I had never seen that video. Thank you for bringing it up. I'll watch it later.
properties (22)
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