You are viewing a single comment's thread from:

RE: Decentralisation In Blockchains - Let's Talk About It - Part 1

in #blockchain3 years ago

-Speak network distribution.
The initial start will be the 1 for 1 drop to Hivers, so the initial supply will be the same as Hives at the time of the snapshot. From there, Hivers can power up those miners and mine for SPK. SPK's token system will live on Hive (one day), and thus you cannot "Justin Sun" attack the network by purchasing SPK. You'd need to attack Hive itself to take over the token system. In any protocol, giving the ability to self-host is the nuclear option for content. However, with a token system, you 100% need a distributed system with active participants. Therefore the SPK tokens will be as safe as Hive one day, in theory. Of course, this will require a layer 1 change to Hive, something we can only build the take for, and then try and convince the community why it's ideal to vote on such an upgrade. But I'm pretty sure most around here want SMT's :)

Sort:  

SMT's has been talked about for a very very very ling time, but still no progress in that direction as far as I know. Others want Smart Contract support instead of SMT's. Maybe we need both, I don't know. What I do know is that we need to progress with either or, or both. HIVE is falling behind the market. One of the reasons why the last original HIVE (Steem) users from back in 2016 when all started, are powering down and leaving. I know of one of such users, a mini-whale, he lost confidence. This guy is in crypto for the quality projects and was hoping with HIVE we could become better than what we were before. Recently he told me: I lost my last bits of hope and started to power down. Such a shame!

EDIT: I just received the link to the packaged version (https://github.com/3speaknetwork/3Speak-app/releases). Maybe the link at the bottom of the spknetwork website may be changed to this one? Still not seeing any videos in the app though. IPFS is having more than 500 peers and some considerable traffic out is going. I'll be checking further with the tech team at Discord to try and solve this.