What differs CRED from the STEEM blockchain ?
That will end up being a very long discussion and is better reserved for a future time when we’re not comparing vaporware to an extant project. But to wet your appetite a bit…
Did you notice the MITM attack recently on Steem? DPoS isn’t anti-fragile.
That was covered in my long comment where we first met recently and other comments of mine on that same blog. Make sure you click the “damned if you do, damned if you don’t” impossibility of fixing the rewards system to read the discussion between myself and the venerable @smooth.
That comment links off to past blogs of mine such as:
“Consortium blockchains” (e.g. DPoS & Tendermint) can’t Internet scale
(and note with less than 60,000 active users after nearly 3 years and many of those probably sockpuppets and/or bots then my prediction is true)
Blog rewards CAN’T be widely distributed
Who pays for the blogging and curation rewards? (Part 2)
Improving Steem’s rankings to cater to diverse content preferences
See also follow-up discussion between myself and @joeyarnoldvn spread all over several blogs. And the recent discussion with @zoidsoft. Jason Hommel (@jasonhommel) understood the underlying problem in 2016. And my recent follow-up with @smooth.
Reasons minnows leave Steem.
Steem is a ponzi or pyramid scheme in which the clever used to be able earn up to 2% ROI on their SP every 5 days but this is declining as less voting power is idle as users discover they can use it to earn more rewards for themselves.
Which tangentially illuminates another of many irritating weaknesses in social networking sites. Steemit has no feature which allows us to see all discussions between two users. Yet another in a laundry list of features I would like to add to apps that Steem doesn’t have.
RE: Name YOUR decentralized social network?