RE: Steem Is The Most Used And Undervalued Blockchain Of All Blockchains by luzcypher

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steem · @luzcypher · Dec 22 '17 (edited)

$0.27

>I think this better since the apps being developed have time to work out their bugs.

That is a very good point. It is wise to make a grand entrance when everything is working in your favor.

>SMTs are going to be a gold mine to the steem blockchain simply because they are going to garner eyeballs. 

I tend to agree, but it could also bring the wrong kind of attention to it if someone uses the SMT function to create and ICO that turns out to be a scam, bringing the attention of regulators at a time when ICO's are being scrutinized by the IRS and other government agencies. It's a big gamble.

👍 taskmaster4450

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@taskmaster4450 · Dec 22 '17

$0.15

>I tend to agree, but it could also bring the wrong kind of attention to it if someone uses the SMT function to create and ICO that turns out to be a scam, ...

A couple points on this thought:

-The ICO scam idea is out there already so I really do not think that SMTs would do anything that isnt already on the radar.
-Scam coins using ERC20 hasnt hurt ETH at all....I am not sure most people hold the protocol responsible for the actions of people
-Even Buterin himself stated that he believes 90% of the tokens created on ETH will end up failing....yet he doesnt appear worried about that impacting the success of his blockchain (of course not, he has to worry about it being to damn slow &#128513; )

Overall, with a solid foundation which is being created here from a development stand point, even if someone wanted to hold the blockchain responsible for a few scamcoins, the benefits will far outweigh the negativity.

👍 luzcypher

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@luzcypher · Dec 22 '17

$0.27

Very good points you make. I believe it is easier to ask forgiveness than permission and we should go for it full steem with SMT's and as you point out, it didn't hurt ETH and won't stop us either.

👍 taskmaster4450

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@taskmaster4450 · Dec 22 '17

$0.15

> I believe it is easier to ask forgiveness than permission and we should go for it full steem with SMT's

LOL @luzcypher.  I agree totally...nothing great was every created with permission.

The next hard for should put this blockchain on the map in a big way.  From what I could find, we are looking at communities, automated sign up, smts, and hivemind (I still have to research that one).  

It will be amazing.

👍 luzcypher

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