Re: [ANN] [BOUNTY] EasySocial Snapshot + Translation Bounty

Groan!

Please say you're not another Steemit!

Why can't I just use Facebook??

Are you any different??

Definitely not another steemit... Steemit is essentially just a blogging chain that other people have tried to shove other dapps onto which has pushed it out of the bounds of scalability. Also, the ninja mined stake in steemit has essentially killed both it's decentralization and, through the downvotes and hiding of posts, it's censorship resistance.

Of course you are more than welcome to use Facebook all you like if you don't mind your personal data being mined and sold to anyone who pays though you do have to watch what you say or they'll ban your account. On EasySocial you'll be able to speak your mind freely (within legal limits obviously) and there's no centralized authority to mine and sell your data. Plus you'll also earn crypto for your interactions on EasySocial so I'd say there's really a big difference.

Sounds fair.

I'm reading through all the other comments. I REALLY like the idea of unlimited voting. Although if we reward people with our stake how will that work? Unless you give us all unlimited stake too - that would work - IN UTOPIA.

I'm not sold yet.

You don't give them your stake... The way it works is new tokens are created with each block. A portion of them are distributed to the block producers (currently 10% but that is changeable). The rest are distributed based on the interaction in the system. Half of them are distributed to posters in the form of staked tokens based on upvotes that give them more influence through their vote on how tokens are distributed in the system. The other half are converted into the silver pegged assett (to ensure price stability) and distributed to the people who voted on those posts based on a much more complicated algorithm.