RE: SNAX Block Producer Update - @snaxtopia
Hi, @dragosroua , you had my witness vote for quite a while so that's settled <3 the site instantly but i have some kvesthuns here, coming from the promoted (or pinned?) post there. I put the whitepaper on my reading list but before getting in that maybe you could clarify a few things here.
It sounds like a sort of "pan"-steemit clone where you get tokens for posting, however
From what i read it's a centralized platform with 21 people ruling (a bit like the 50 on steemit) , opinions on the concept of de-centralized aside. This means there is no mining and the amount of coins is iimited or set by whatever the 21 agree, correct me if i'm wrong anywhere along the line, please thats why i'm here : to understand.
If no one ask me steemkeys and i don't have to buy gas or eth (like it was on minds.com to get tokens that have zero value) or whatever it runs on ? I'll probably sign up if just maybe for a little more exposure possible when i would want that (one does not always need or want that ... or maybe that's just me) but (always a but) ... the tokens are produced and then they get distributed for people posting on ANY of the integrated platforms.
Take every sentence as a question mark please. What are the criteria here ? I know its probably the aim to avoid people "playing" the system but as you're developer with a clear modicum of skill you know that's gonna happen anyway if there's anything that can be played and that's always the case in any system.
Other than that, what's the added value ? Is it a speculation coin ? Is it listed yet, is it an SMT ? (from what i understand it's on its own chain so thats probably no - its just like :smt's on eth and maybe others dont really come for free) ... if its on its own chain , what are the transaction fees ? (if any) and
the piece de résistance : is there any utility to it ? For instance steem here has like a TON of options you can run off the chain (you should know because you run at least one), does snaxx have that ? some kind of condenser type interface where anyone from a 100 euro pc in a bedroom can actually start doing stuff on it or is it a one-way coinproducer
i got many more but i'll try the paper later (im behind on my reading all kinds of stuff though) but if you could clarify here or there if you're still reading this i'd be much obliged (im by no means in any way trying to bring it down - although i dont think another million altcoins will benefit the price of those already there, more integration is always good, more exposure is always good , be it bad or good :
to be talked about is exposurejust another axiom of Catlawick
im sure most people wont ask beyond the "OOO free coins" bit but i am the cat for a reason, i just wanna stress once more, it curiosity - i cant make up an opinion before i know, there's no mistrust orn malice invovled in my inquisition here
thanks in advance
It's a EOS chain clone, meaning it runs on PoS. The chain is maintained by 21 block producers, who were invited by the developers (BPs are NOT part of the dev team, they are independent players, chosen by some criteria that may include reputation, level of technical expertise, tolerance to risk and to losing money by providing infrastructure for a project that may or may not succeed). The token is "disbursed" following an attention rate algorithm, which you may see in the white paper.
For me, the incentive is to understand how "decoupling" a social network from a specific blockchain can impact performance and revenue. "Decoupling" means you don't have to create another account on another social media site and grow another followership there, but to play in your familiar "playground" (SNAX supports now Twitter and Steemit) and get some rewards while focusing on doing what you want.
It may or may not succeed, and a big part of the answer to this question is "the utility of this token", but that's something that is yet to be determined. If people will start building dApps on top of the SNAX chain, like they started to do on top of EOS, then we may be on to something. If not, I supported a project for a few months and learned some stuff. It's a win-win, for me.
i like your take on the matter , the fact that it's more than just a value and payment store and system opens up options ... but also makes it a bit of a direct competitor to steemit here ... thin ice maybe :p
building dapps probably has more chance if people actively go out to "sell it" and convince potential entrepreneurs of what they can gain by doing so. An ivory tower concept where you don't leave your comfort zone, i'm definitely gonna have to keep the paper on my to-read list, thanks for the reply and good luck !!!