For the record, steemit currently uses the same ranking algorithm as Reddit.  Rich whales do not dictate what you see.  Just who gets paid. 


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Quote from: speedy on May 29, 2016, 03:09:51 PM

Quote from: mint chocolate chip on May 29, 2016, 12:22:01 PM
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.

Ouch...

Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people? 

I Iove to help bts, but not at the expense of steem.  The truth is bts would create a higher barrier to entry for most people.

Is that my fault?  How can we lower the barrier to entry for bts? 



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Stealth was prioritized above steem.  It delayed steem by months.


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No password reset, we don't have user keys.


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Steem is now trading here:

https://bittrex.com/Market/Index?MarketName=BTC-STEEM

Current price 0.0070015 BTC / STEEM
Current supply: 19,865,904.000

Market Cap: $3.2M est.

In my case I not only kept working, but paid others to keep working.  No I took negative pay.  Even now I continue to pay for bts development. 


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The merger gave stake to those who donated after feb 2014.  100% of the money they gave went to build bts.  Ending the merger because the extra ags was not enough to last 2 years is not steeling from bytemaster and devs, it is steeling from those who lost dns, vote, and other chains and got bts instead.  Bts got 100% the benefit of their funds and now some want to back out on these people for 20% savings. 

Do what you must. I cannot stop the voters. 


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Technically vests can be transferred and sold by transferring the account.  It just isn't easy.  Not including vests in supply would be grossly misrepresentation of investor interest.  Furthermore vests are required to transact and vote and govern.  They are voluntarily created and held.




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Anyone looking to have our vote for witness will need to provide a public IP:PORT for a seed node and join #witnesses in steem.slack.com

Once you are in the channel introduce yourself and let us know your Steem account

Quote from: btswildpig on April 01, 2016, 05:54:40 PM
Does Steem do any actual work besides contracting them to other people ?

Steemit has its own developers on payroll.   

Steem is a Graphene-based Blockchain created by Steemit, Inc founded by Ned Scott. 

Ned has been following BitShares since 2013 and early this year hired Cryptonomex to help build the Steem network.

Steem has many innovations that have been discussed here on bitsharestalk and in the mumble sessions including:

1. Only vesting stake can vote for witnesses (19 by approval voting)
2. One witness slot time shared with remaining witnesses (not in the top 19)
3. One witness slot is selected via Proof of Work
4. No transaction fees
5. Vesting stake is protected from any inflation / dilution caused by witnesses / miners.

It has some important differences from BitShares:

1. No committee, because there are only a few parameters that can change and they are set by median witness
2. No user issued assets
3. No proposed transactions (but retains dynamic, hierarchical threshold multisig)
4. No BitShares-style SmartCoins
5. No worker proposals 

The true purpose and scope of Steem will be revealed in a couple of weeks, but for now it is open for everyone to look at the code.

The Steem network is live now!

Starting in 3 weeks the blockchain will switch from 100% POW to 95% elected witnesses.  We would like to elect witnesses from the BitShares community due to the trust and reputation they have earned with BitShares.

We didn't announce this on BitShares earlier because we figured this community would better understand the value of what we are doing and make it
difficult execute the strategy bytemaster recently blogged about:

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

While we love the BitShares community, we believe we can get more eyes by keeping the discussion over on bitcointalk until our own forum launches.

https://bitcointalk.org/index.php?topic=1410943.0

Please check us out and start your miners!  Just be sure to convert any STEEM you mine into VESTS as soon as possible. 

I will only answer questions on bitcointalk, so come visit us there.