Tron and Steem... What are the possibilities?

in #steem5 years ago

Saw this interesting exchange between @ned and Justin Sun of Tron.

Screenshot_20181201-132804__01.jpg
https://twitter.com/realnedscott/status/1068658088054530048?s=19

Now, Justin does have a habit of doing a few too many "partnerships", but who knows where this could lead.

Any ideas?

Could we be moving our steem tokens off the steem blockchain and onto Tron? If we are thinking of moving blockchains, why not something more advanced and future proof, like Cardano?

Let me know what you think.

@kabir88

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Be worried. I don't mind the exchange of ideas, but Tron has been mostly hype.

Well, I guess Steem would at least have better marketing then. lol

Each projects has it's strengths and weaknesses. My view is that Tron is just a re-engineered DPoS platform with some changes. Now, the steem blockchain could look at those changes and see what can be learnt.

The real strength of Tron has been their hype machine. As much as I feel projects should be understood on their fundamentals, the reality is that most people invest after watching a few videos, adverts or a tip from someone else. Very few will actually read the white paper, look at the tech specs etc.

If this interaction between @ned and Justin Sun can bring some of that Tron Hype, it would be a good thing in my view as we need more users, developers (and yes INVESTORS!) on the steem blockchain. I have seen projects that are far inferior get more publicity than the steem blockchain.

I am bit disturbed by @ned's attitude towards investors. Without people with funds purchasing steem, it is nothing more than a unit of account that inflates. Which may be great if all that he wants to create is a platform for dreamers who vote for each other to collect more steem.

In many ways, I am pleased to have a bear market, it looks like the more sensible voices are now being listened to and the euphoria has dissipated, creating a forum for better ideas.

Short term, I am bearish on steem, until I see some real progress. I have seen @themarkymark and @fulltimegeek ask some really good questions in regards to having witnesses that can run full nodes. I am suprised that the top 20 witnesses, who were being paid very well during the bull market, didn't invest some of that capital into full nodes. Or even pull their own wallets out and put some capital into infrastructure. If witnesses are not running full nodes, what's the point of them? Are they simply getting money for being popular? I am not a tech person, so please let me know if you think I am being too harsh.

The main problem is that the blockchain only compensates Witnesses for signing blocks. Full nodes are out-of-pocket expenses. If a way could be worked out that the blockchain could compensate those who run full nodes, it could be nice.

I never contemplated Steem not being on Steem so I don't know what to think, but thanks for keeping us informed. Would that become Tronit then?

It's a world full of possibilities. A blockchain in it's most basic form, is a list of accounts with balances. This can be maintained and updated by any party, as long there is consensus and those changes are accepted.

What is the purpose of a social media platform running on a blockchain if it isn't decentralised? We seem to be making compromises on user experience for decentralisation that is close to non-existent.

I will be reviewing my witness votes and checking who has full nodes and who doesn't.

Check on @exyle's latest post; he is doing exactly that; looking into who runs full nodes and which witnesses he considers relevant and such. Might not be a bad idea to swap info.
https://steemit.com/exyle/@exyle/631s87uz

Thanks, that's really helpful

I saw this and wondered...

I can't see how this could play out in a way that would be particularly advantageous to Steem.

Tron is at #11 in CoinMarketCap, Steem now down at #49. Tron has approx 10x the market cap of Steem.

Partnerships of such unequal partners rarely leave much meat on the bone for the underdog.

But then again the Crypto World is a surprising place...



"Crypto World is a surprising place..."

It is indeed. I watched people from legacy finance try and comment on blockchain without really understanding what it is and making a fool of themselves on TV. I am sure in 10 years time, they will make compilations of those comments.

I think its always worth looking at coinmarket cap, where they have those historic snapshots of the top coins.

Reminds me of that great saying, "today's news is tomorrows chip wrapper"

The market cap can be misleading. I think steem has a very strong community. We have users that know each other, work together (for the most part) and can crowd source ideas on our own platform. No other coin (that I know), has that.

When somebody on the steem blockchain makes a comment, we can verify how much skin they have in the game. You can't do that anywhere else. Even if someone provides their wallet address, we have no confirmation that they own that wallet unless they sign a statement using their private key. We do that here on the steem blockchain everyday.

I think of it more like a small forward thinking and established community starting to trade ideas and culture with a much larger, but less cohesive community. Will be interesting if this progresses!

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