Re: Synereo vs Steem, which one will lead the decentralized social media revolution?
@DecentralizeEconomics, I watched the Synereo youtube videos and I saw a very theoretical approach and major issues with lack of a core concern about time to market. I don't know what all the work on Ethereum/Casper has to do with Synereo at all or helping users in the social media space, other than Greg's interest in both. To me the project looks in danger of being unfocused on delivery and derailed into a vehicle to support Greg's math habit.
Greg is working with Vitalik and Vlad to develop the Ethereum 2.0 Casper blockchain, because it will also be utilized as a separate chain for Synereo.
So we will see Synereo only after Ethereum 2.0 Casper blockchain will be released
That's basically my point. The project has been derailed so Greg can work on distributed algorithm math problems he finds more interesting. To me it looks like a misuse of ICO investor money, but I guess it is possible ICO investors were told about that. I don't really know. Ether way it looks like serious lack of focus and raises severe time to market issues.
using the current ethereum blockchain will only be temporary for proof of concept.
the synereo team was given a grant to develop Casper which will benefit both Synereo and ethereum.
I've not looked at the Steem blockchain but if it's POW I know already it has no future.
Steem is going the reddit way while Synereo is more facebook/twitter like. so maybe there's space for both.
I must say I appreciate more the synereo team saying outright "we keeping most of the coins for development" rather than steem team claiming "no premine" only to discover 80% were basically cunningly premined by the dev.
apart from that good luck to both projects