The 'Weedcash Network': First Example Of A DIY 'SMT' Sub-System Under The Steem Blockchain
I came across a post by @aggroed entitled "A new era for Steem: Scotbot powered custom website up and running ! Welcome https://www.weedcash.network!"
This follows on from an announcement I saw a few days ago in which Aggroed states:
"Good news Steemians! You can now start your own community powered by Proof of Brain distribution! It took us a few months, but we've been able to build a smart contract platform, allow for token creation and trading, stake (power up) the tokens, distribute them using a customizable python voting bot modeled after the SMT white paper, and more is coming."
This appeared very interesting and I went to check out the first instance and to have a look around.
Logging on to weedcash.network was easy - just use Keychain and if you've not got it, seriously wtf? I am writing and posting this through the Weedcash Network interface, which is pretty much identical to steemit.com or smoke.io with a few modifications. Where it differs from Steem and resembles smoke.io is in the distribution of rewards - the split is 50-50. I love that this can be done and my experience on smoke.io tells me that this much better than the default 75-25 on Steem.
Little more to say. It seems that anything posted to the Weedcash ecosystem would also get posted to the Steem blockchain and posts on Steem with the tag 'weedcash' will get picked up by the WC network. On Weedcash the post payout appears in WEED tokens and on Steem payout for the same post appears as you'd expect, in Steem :). No hassle of creating an extra set of credentials, converting/trading crypto or any such mental taxation. I'm not certain how it works in terms of VP ie if this is kept as a separate tally from Steem. I would imagine that it would be distinct, for payout here is in WEED tokens and this must surely come from a separate rewardpool than the STEEM token! Please enlighten me if you're able.
I think we can expect many more of such communities - niche interests, businesses, working groups which may be open or closed - the 'we'reFuckedOff's, the 'we'reTheExclusiveBest's, the 'whateverWeWannaDo's etc.
This is great and potentially makes for a greatly expanded blockchain experience. It really opens it up. It makes for the possibility of an even greater range of expression as eco-systems will presumably establish their own cultures and taboos which may or may not be expressed on the 'mainstream' Steem blockchain. Voices that fear reprisals - or which may have been on the receiving ends of backlashes (and there are many) - might find airtime again. Of course, the ecosystems are 'subsets' as it were of the bigBroad Steem blockchain and nothing is hidden or separated out by default, although I guess that filters will become more sophisticated with time.
Just my initial thoughts splattered onto a post with an image or two to ride the theme ;D
Bring on Choice, bring on Option, bring on Multiplicity..... Nice One and Thanks to all the Developers (listed on announcement post), and also @richardcrill for blazing the first trail (ha ha pun intended :).
Thanks for reading 🔆
@barge
I saw another brief post mentioning this, but had no idea what it was about. So it's connected to the Steem blockchain. Does anything posted on it need to be weed related?
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AFAIK, the Weedcashnetwork is just the first example of a 'sub-community' under the umbrella of the Steem b/chain. In time there will be many such examples, each I guess with their own particular slant. Not sure what TWC network is planning, only really dipped my toe in today :). I do see that the payout window is just 24 hours. I published the post from TWC and made and edit on STEEM, no problem. The votes on the post are different, depending on which UI you look at (here's this post on TWC).
Oh, is this the communities that has been in the pipeline for a while now? It will be interesting to see how things go there.
I think this is the DIY version of SMTs that Stinc have been talking about - basically devs just went ahead and did it themselves, 'modeled after the SMT whitepaper'.
Thanks for giving this one a closer look, I have yet to head over to Weed land for a look around and so this is a good starter for me.
Thanks Asher :D ....... I'm not yet clear what is going on here. Steemengine.net has been inaccessible for a few days due to heavy traffic and I'm not sure where my WEED tokens will show up (they don't in my wallet on Steempeak). The payout window is 24 hours and although stated 50-50, this was not so:
Actually............I've seen some of the chat on Discord and just saw a pinned link which I have used to claim the tokens: https://app.steemconnect.com/sign/custom-json?id=scot_claim_token&json=%7B%22symbol%22%3A%22WEED%22%7D
These ARE now in my wallet, but there are 12 and not 21 as the payout says lol:
Early daze for these dizzy things ;D
cool you got some WEED lol
👍 ......smokin' it now ;-)
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I’m just learning of this today thanks for the information
Good luck!