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.

Okay. I like the idea of that. That solves a few big issues I have.

I have a couple of communities I head. Are you guys pro-community?

Yes we're very community oriented. In fact, a portion of the initial supply of EasySocial is reserved for the creation of community tokens. While each community will differ a bit depending on the community and what qualifies to receive a portion of the initial supply will depend on what the EasySocial community decides as a whole, the basic idea is that the community will have a community account backed by a portion of this initial supply and will have a token associated with it. They can then distribute this token to their community members who can then use them to upvote their posts and increase their stake in the system. This will not only help build strong communities on the platform but will also give the community a working budget from the liquid rewards gained through curating their members content. Any community is obviously free to create their token and use it in this way but to receive a portion of the initial supply that community will have to be approved by the users of EasySocial as a whole.