Steem
Attention/contribution token
Key features
- initial (uniform) currency distribution among network participants
- funds can be invested (Steem Power) or lent (Steem Dollars)
- participants vote on contributions of each other, and network calculates financial rewards; work is rewarded
- voting can be positive or negative
- negative is in part intended to dissuade high-value participants from voting for themselves
- there is a limit on the voting rate
- voting can be positive or negative
- There are no fees on transactions
- Validation/Consensus is achieved by subjective proof of work, by witnesses selected based on their network value (similar to Proof of Stake?)
- build on Graphene -- scales well, can support Reddit volume
Key challenge -- still unresolved?
Distributing a currency to as many people as possible in a manner that is generally perceived as fair is a challenging task. The tasks that can be entirely evaluated by an objective computer algorithm are limited in nature and generally speaking have limited positive external benefits. In
what is the quality of the current developer and design teams?
Is Dan Larimer still involved (BitShares was sold ...)?
How the payouts are really calculated?