[Cryptography] Steemit
James A. Donald
jamesd at echeque.com
Sun Sep 24 22:27:44 EDT 2017
According to Steemit documentation, it looks like a well designed
cryptocurrency that deserves to replace Bitcoin.
Well, that is what it looks like.
Except its front end is the steemit.com website, and any one website can
easily be seized by the feds.
If actually decentralized, should it not be a bunch of websites using a
common crypto currency and a common identity system,
Remember usenet: A common protocol, and an internal name system. The
particular host through which you accessed it did not matter all that
much, because all hosts had to behave much the same.
Should not steemit be something like usenet with money?
The way usenet worked, anyone (meaning anyone's computer and his client
program) could join as a client by having an agreement with a host, and
anyone (meaning anyone's powerful and well connected computer system)
could join as a host by having an agreement with a few existing members.
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