RE: Open letter to Justin Sun

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RE: Open letter to Justin Sun

pharesim in #openletter • 5 years ago (edited)

I was talking about the points he mentioned in the AMA - scalability and dapps. Nothing of that is better than what steem offers from a technical standpoint.

Hopefully someone can find possible synergies between the two, but, from a technical standpoint again, it's hard to imagine for me right now.

This is not tribalism. I'm absolutely blockchain agnostic when the use case fits. And I hold TRX myself, I just can't find anything to do with it besides staking and looking out for the superrepresentative that pays me the most for my vote.

5 years ago in #openletter by pharesim

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buggedout 5 years ago

Do you play Blackjack? :)

I don't own any TRX but I have been looking into it since this announcement and am well invested in other Smart Contract blockchains like ETH and EOS. I do like the idea of having proper Smart Contracts implemented natively on STEEM so from a technical standpoint I will have to disagree with you.

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pharesim 5 years ago (edited)

I don't gamble, but I made the first dice app on steem. It was running well over a year, there is no need for smart contracts for provably fair gambling. The max risk due to the app doing the transactions centralized is what you set in a bet, and 3-6s later you and everybody else know if you've been scammed.
I stopped it because too many people lost a lot of money, and I originally only coded it as a proof of concept. I don't regard gambling as something that needs more platforms, people can lose their money in enough places already. And even if you think it's beneficial, it's already possible on steem.

The idea of native smart contracts on steem has been discussed and discarded long ago. We already start to see the scalability problems decentralized calculations bring with them on both ETH and EOS, and a lot of people saw them coming from the start. As long as there's no good solution to them it's wasted effort.

//update: Even ignoring the last paragraph - where was anything announced that new features would be implemented into steem? So far all his talk has been about merging with TRON, including STEEM. His exchange announced to swap STEEM to a TRON token, and this announcement is still up!

If he comes up with plans to enhance STEEM everyone will happily discuss his ideas. But we certainly have bigger issues than smart contracts, which would have to be developed completely from the ground up anyway as steem and TRON are completely different protocols, with seperate codebases.

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buggedout 5 years ago

Gambling is just one use case for Smart Contracts and it's arguably the simplest one. More sophisticated DApps will (and already are) being developed. Every blockchain has scalability issues so thats not really enough justification to kybosh the idea, but I am not going to argue with the STEEM tribe about it so lets not.

I know there was once a plan to upgrade STEEM to run on EOS tech when Dan was around and that got killed off a while back with the whole executive schism but the idea of upgrading the underlying blockchain tech to support Smart Contracts is not out of the question for me. The question is, would it really be worth the effort and expense for Justin to push that?

Personally I think migrating to TRON to realise the synergetic benefits and then potentially forking out if there's a governance problem is not a bad strategy to get the underlying blockchain tech for STEEM ugraded. Maybe it's too risky and disruptive to the business models of the STEEM tribe to really consider though.

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pharesim 5 years ago (edited)

The existing use cases are well covered by ETH, EOS and TRON. They are not congested by these though, they are congested by gambling and bots.

The concept of steem is not decentralized execution of code. We are lightyears away from having scalability issues. The codebase of steem is the most efficient out there, we are prepared for tens of thousands of transactions per second. Smart contracts would change that, and I strongly doubt the witnesses would take that risk for the chain for something that doesn't cover the mission statement.

EOS runs on steem tech. I don't know what you think you know, but there wouldn't be an upgrade about that. Dan played with the idea of implementing smart contracts, but then moved this to an own project. He took over the codebase of steem, since then there have been several huge updates on steem itself as well as on the code used by both.

I don't know what you understand migrating to mean. So far all info we got was that STEEM would become a TRON token, which would kill off this chain, completely ignore the governance structure of the project, and would by no means be an upgrade! The tech base here is solid, and a move to TRON would never be possible without huge modifications to the TRON core. It would also be too late then to fork off, as a fork would mean forking the current codebase, not TRON.

As soon as this question is out of the room, there is no need for any sort of tribalism. But yes, telling a decentralized community that you will now decide their future will bring people together and make use of the governance tools they have.

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buggedout 5 years ago

Ok.....I'm not that interested in arguing with you, nor of defending what Justin has done or even is planning on doing.

I am only interested in avoiding yet another shit-show and seeing STEEM make the most of its opportunities. I think I'm wasting my time though, sadly. Good luck to you all.

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pharesim 5 years ago

Now you're just being a troll. If anyone wasted his time in this conversation it's me, explaining you things you don't have the slightest idea of. But sure, hold your opinion holy and ignore the reality. Everything will be great, it's Justin!

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freebornangel 5 years ago

!dramtoken

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buggedout 5 years ago

Wow. I didn't realise you were such an asshole.

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silverstackeruk 5 years ago

Yeah @buggedout you stupid dummy. Why are you wasting this guys time? It's obviously over your head and your pea brain cant understand it.

Are..................maybe he is just an asshole because i know that you don't waste anyone time and your deffo not stupid.

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silverstackeruk 5 years ago

Yeah @buggedout you stupid dummy. Why are you wasting this guys time? It's obviously over your head and your pea brain cant understand it.

Are..................maybe he is just an asshole because i know that you don't waste anyone time and your deffo not stupid.

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anli 5 years ago

This conversation had a great starting point. (It's just that I come late here for voting.) Not to speak about where it had gone then. Lot's of smart contracts are done with Steem. Not via Steem. But that's not a point here. So I keep it as is. Steem on!

Oh, btw: Thanks for the open letter. I could not have read it when it hasn't been open - no matter whether the addressee finds it.

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