RE: A better approach to Turing Complete Smart Contracts by ats-david

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blockchain · @ats-david · Oct 28 '16

While this is being tested and developed, can we also get some basic user features for Steemit? The value of Steem is supposed to be based on the social media platform built on top of it. But there doesn't appear to be much that is attracting potential users to the site - other than the possibility of making money. With the price continuing to plummet and SBD payouts being halted for now, that incentive is losing its luster. Can we expect some of the desired and needed features any time in the near future?

Your concept for smart contracts looks pretty solid, though. It would be great if it can be implemented. That would definitely give Steem a leg up on the competition.

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@craig-grant · Oct 28 '16

I think this blog post has the potential to convert ether investors into steem investors, and that's good for the price of steem :)

👍 chitty

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@dantheman · Oct 28 '16

$0.04

User facing features are being actively worked on by 4 full time engineers.  Among these include a next generation editor that is fantastic!    Image uploading and notifications are also almost done.  We should be deploying these features to a public test later today.

👍 chryspano, chitty, dragosroua, dwinblood, ervin-lemark, ats-david, astrologybits, raluca, cnmtz

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@ats-david · Oct 28 '16 (edited)

Well that's great news! Thank you for sharing that. 

You should also look at @dan-atstarlite's blog post today about a virtual marketplace. I know it has been mentioned in the past, but those ideas can be a gateway for non-crypto and non-bloggers to come to Steemit and to familiarize themselves with the site and with cryptocurrencies.

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@dantheman · Oct 28 '16

The account link doesn't seem to be valid.

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1 reply

@jrcornel · Oct 28 '16

That is great news! I think the drop in Steem prices with no bottom in sight, and SBDs no longer being paid out in rewards for posting really has the morale of the Steemit community pretty low. Are you guys going to comment on that in the near future, or announce any plans that might rectify the current downward spiral which appears to be gaining momentum as it falls?

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@dantheman · Oct 28 '16

Supply and demand will reach parity soon.  One of the challenges with Steem Power is that those looking to cashout out are forced to do it over time.  This means they cannot "dump" it all and drive the price down quickly (or prevent it from rising quickly).  

At some point the price will fall to a level where the early miners are no longer willing to sell.  At that point things will consolidate.

👍 kyriacos, morning, dragosroua, dwinblood, astrologybits, raluca

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3 replies

@juvyjabian · Oct 28 '16

This is exciting! A new user interface for steemit.

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@freedomengineer · Oct 28 '16

I was not aware that SBD payments were halted... link?

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@ats-david · Oct 28 '16

There's no link to an announcement. It's just the current state of payouts due to Steem/SBD supplies and market cap.

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@ats-david · Oct 28 '16

It doesn't exactly tell us what's happening now, but this is from August 20th, by @dantheman -

https://steemit.com/steem/@dantheman/steem-dollar-stability-enhancements

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@timcliff · Oct 29 '16

Also, just to clarify in case there was confusion - payments have not 'stopped'; they are just being payed in STEEM instead of SBD.

👍 freedomengineer

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