It seems I have to spend some hours to Blurt in a different way from the development, writing a long post about the topics of the moment hahaha
Keep in mind throughout your reading that this thought is only mine and is not representative of all witnesses.
Let's start with the hot topic of the moment
Investors
1. What is the impact of a large investor on the blockchain
Artificially increase the price of the token if it does not bring anything else to the blockchain such as visibility by its notoriety or by buying communication campaigns, improvement by paying for the development of tools/dApps, or by making them.
2. Don't be fooled
When a large investor upvotes your post, he doesn't give you money out of his pocket but redirects a portion of the blockchain's printed token to you.
3. Ownership vs Right
Being a large investor does not give ownership of the blockchain, on a DPoS (Delegated Proof-of-Stake) like BLURT, it is the same rights as anyone else with just more weight to influence common decisions as we will see later.
A blockchain like BLURT represents a value of hundreds of thousands of dollars in work (even if it is a fork of STEEM) without counting the risks taken to undertake this project.
Being a large investor will give you more money if the blockchain succeeds in being popular and its value increases, but it is not a ticket to owning the blockchain itself, for that, fork the blockchain and spend your money to develop a version that suits you better
3. A better way
A better way is not to look for large investors at all costs but to bring a maximum of active people on BLURT.
Let's take the example of an investor with 10 Million Blurt Power and 10,000 onboarded people with 1,000 Blurt Power ($3.77 at today's price)
How many posts/comments/tweets and other communication actions, which are important for SEO (visibility on search engines), can 1 do per month versus 10,000?
How many people can hear about BLURT via 1 or 10,000?
Due to the current price, there is no better time to work on a goal of 10,000 new Blurtians ;)
3. Final word
Investing is the same as gambling, use only the money you don't need and accept to lose.
Investing in BLURT is not buying tokens on exchanges, that is speculation for personal interest and not for community purposes, but it is bringing something to BLURT in order to make it grow.
For my part, I am at $6,000 spent to buy BLURT on the exchanges and I do not consider myself as an investor, I would consider myself as such only when I will have the feeling to have brought something to BLURT by my work.
BLURT Decentralized Fund
The BLURT decentralized fund is a way for people who are trying to bring something to BLURT to receive support from the blockchain itself through a fund generated by a portion of the new tokens printed each day.
Anyone can make a proposal for a funding request and it can concern as much dApp development as communication (direct, event sponsorship, etc. ...) or other, anything that can contribute to the growth of BLURT.
If the proposal receives enough support (through voting) then the funds are allocated.
For regulatory purposes, there is a proposal called "Return Proposal" which defines the minimum amount of votes required (in BLURT) for the proposal to be accepted and start receiving funds.
As I said above, large investors have more weight to influence common decisions, which to some extent makes sense.
Each vote of support on a proposal not having the same value since depending on the BLURT power the voter has.
As a result, a proposal can be validated or blocked by very few large investors making this fund not very decentralized. Hence my preference, once again, is for 10,000 people with 1,000 BLURT power and 10,000 different points of view.
1. How to recognize a good proposal
To do this, ask yourself the following questions
- Does this really benefit BLURT?
- Is it a realistic cost or are the prices artificially inflated (don't hesitate to ask several people in the field)?
- If it's marketing, what are the chances of it working and how much visibility could it bring to BLURT?
- If it is development (tools, dApp), is it open-source which allows any dev arriving on BLURT to benefit from it?
In terms of the content of the proposal itself
- Is the project clearly and completely defined?
- Is each cost component of the proposal well detailed allowing for better control over the amount requested?
- Does a draft of the project already exist or is 5% of the project already completed?
- Does the applicant commit to a weekly project progress update?
2. Final word
Just as you can support a proposal at any time you are also entitled to withdraw it at any time
You can access, read and support proposals here: https://blurtwallet.com/proposals or here: https://ecosynthesizer.com/blurt/proposals
BeBlurt
My BeBlurt project is still in progress, it's taking longer than expected due to the lack of tools and documentation on the changes from STEEM (which are much more important than I originally thought) that I need.
After my BLURT RPC node Checker package developing under typescript (Ionic/Angular/NodeJS) I worked on the dblurt package (public git repo & npm soon) which serves as connector/communication with the BLURT blockchain
I hope to release a POC (proof of concept)/pre-Alpha for the next #bpud (BLURT Power Up Day) ;)
On the server side, I already have several automatic jobs analyzing the blockchain in real-time that run and feed at the same time a MongoDB database (I hesitated with a graph database like Neo4J) for the elements not existing directly in the Blurt DB or extremely time-consuming to access.
My witness
We can say that @saboin has done a great job! The docker image of the witness program runs perfectly despite the fact that I did not put it on the most powerful of my servers but a VPS located in a European data center costing me $30 per month.
Later I would certainly take a second one as a backup and would also set up an RPC node (cost around $60/$80 per month) to have a better response time on my dApp BeBlurt
I do not have for current objective to sell the BLURT gained from my activity as a witness. To be more precise I do not aim to sell any BLURT before it reaches at least the price of $0.075
Thanks to all those who gave me their support and their trust as a producer of blocks on BLURT (aka Witness), thanks to you I am at the 26th place in the ranking of Blurt witnesses which is already quite good. Hoping this post doesn't drop me out of the top 50 hahaha
Witnesses vote link
https://blurtwallet.com/~witnesses?highlight=nalexadre
Final word
It is not the money you have that makes you a good advisor or have good ideas, it is the experience you have acquired.
I may disagree with some of @megadrive's choices (removing reputation on account, doubt about migrating to Cosmos), but that doesn't stop me from recognizing him as the founder of BLURT and respecting his choices.
He can make mistakes just like I do, he can make errors just like I do, only the one who does nothing does not make any but in return, he does not go anywhere ;)
I'm all for discussion when it's constructive and consensual and I think the fact that @world-travel-pro has joined the BLURT adventure is a good thing on this point given his skills in mediation and dialogue.
I have nothing personal against the big whales, I don't know any of them personally hahaha.
For me, @ctime you are the cool guy who votes a maximum of posts instead of making a circle vote bot but also the guy who wants from time to time the keys of the house which does not belong to him or who wants to run the show on the proposals.
About the nonsense drama about the trending page on blurt.blog. Blurt has several frontends, the frontend is open-source so nothing prevents anyone (or a group of people) from easily creating one that he likes or for more experienced to develop a new one. What because it will not be the "Official" one? Did hive.blog prevent Peakd, Ecency, LeoFinance from being popular? Peakd, it's 1 Million visitors per month against 600K for hive.blog!
On that note, thank you for reading and I wish you a great day :)
Original background photo of this post by Hunters Race on Unsplash
This is accurate information and very well presented. I hope you get the recognition you deserve from the community and climb up into the top 20.
I have one correction to make and this is a pet peeve of mine: BLURT and Blurt refer to different things and are not interchangeable. Blurt is the blockchain and the platform as a whole. BLURT is the currency, the token. Eg. you buy BLURT on an exchange, but you develop dapps for Blurt. There’s the same distinction between Steem versus STEEM, and Hive versus HIVE.
Anyway, thanks for making this post!
Thank you for your contribution by adding this point which is indeed an important point to keep in mind
When the student is ready, the teacher appears.
An important fact for those of us who immerse ourselves in this platform.
Indeed 👍😎
How good it has been to read this publication because it is a different way of learning so many concepts that people who have no idea what a blockchain is and how it works can easily assimilate.
In this way, it is undoubtedly not decentralized, since the most powerful can take control, as is effectively happening. Now, from my place as a spectator (I don't think that the $100 my account is worth will have much influence), I could shout some things, however, most of us (those of us who are not programmers) do not have the necessary knowledge to make decisions or to give ideas that they contribute something to Blurt.
In this sense, then, it is convenient for investors like ctime (I don't know whales either) to take care of their money by making decisions that should be important for them and the community.
I have come to think that this whole situation is due to poor communication between the parties, since I have read some ideas from ctime to bring BLURT to a better price. Honestly, I don't like confrontation, however, this has allowed me to learn many things that I had no idea existed, and this is very good.
And here comes my question: Can't this fund be decentralized? Could these votes be by each user (One user = One vote) and not by the amount of Blurt Power we can have?
Mediation is the best way; Finding a point where we all agree should be the first step to improve this situation, and then discuss those where there is no agreement, and in this sense, the work that has been done has been excellent, since I have seen approaches where the respect for others has prevailed, and this is a giant step after a long time.
By making great posts, you too are contributing to the growth of Blurt and I thank you for that, your post will be caught by the search engine crawler and referenced (this is called SEO and it is very important in the process).
What makes a social blockchain grow and be heard about is mainly due to the work of its content creators, the money is used to give them the necessary tools to improve the presentation of the content, its search, make it easily accessible and well-referenced but without content creators, it would be an empty shell devoid of any interest without a reader to relay the good content that can be found there.
From my perspective, the $100 in your account is worth a lot! See below
It's not an easy answer, each solution has its defaults, the 1 vote = 1 person has as its main weakness the multi-account attack (1 person using thousands of accounts).
The weakness of the current system comes mainly from the fact that the community is still young and not numerous enough for the BLURTs in circulation to be well distributed.
As I wrote in my post if we manage to onboard 10,000 people with just 1,000 BLURT in their account it would already dilute 10,000,000 BLURT and will give more sense to the proposal system where each vote will have a lot of value ;)
Thanks for your very interesting comment 👍
I learn much more. Thank you very much for taking the time and making these clarifications that are quite lacking for those of us who are not versed in these technologies.
Oh it is you the beblurt project ? Got it
Yep ;)
This is why I already added one of my votes for you from the beginning. You're expressing everything in detail and doing great..
And looking forward to your tool for the next bpud event. Let's see what you will bring to the Bpud event to make it more valuable.
Wow, thanks a lot :)
Skimmed this over, about to head out to the door. But as promissed about a month ago, when you post something promoting your witness, I ll reblurt it.
You have common sense, tech skills, and an excellent respectful way to communicate and work together with others. You already have my vote and I encourage others to vote for you too. Im sure you will be a great addition to the top 20 and im sure it will motivate you more than ever to help make blurt a better place for everyone.
Thanks for taking the time to make this post and thank you for the contributions to the platform that you have already made. Keep up the great work! -Dan, World Travel Pro!
Thanks a lot for this very nice comment :)
Hey Hi 👋 Thank you for your post and contributions to the Blurt community. 👍😎
I will ask you this question as you seam confortable with Graphene Dadabases. I am a GIS professional and I wonder if Blurt GraphDB is “geometry ready”. I mean in GIS regular tabular tables, we have a field for geometry shapes (points, lines, polygons) from which we can generate mapping with an interface. I wonder if Blurt posts could have a raw geometric component from which we could associate geolocation to posts? Enabling GIS Intelligence to Blurt. Would it simply require an interface with an open-source GIS component?
Imagine searching the Graphene Database by geographic parameters. All the dApp functionalities we could use to offer/demand services & goods.
@megadrive
@saboin
Can I please ask you @frankbacon and the #blurtlegion a favour and you could find a satisfying answer to this question 👆? I am deep into GIS mapping.
Short answer is Yes! 🤬
Graphene makes better sense as a civics tool...
Rather than a social network 🥓
So it should mean that we could eventually have an updated interface when we create a post that would allow to have a dedicated field, like a separate section similar to the title field, body field & tag field, but a field specifically dedicated to geometry.
Any interface with Open Source GIS like
Quantum GIS
could consume the posts with rich geographic features. We could even integrate “MapViewerFrames” as posts’-content!It would already be possible to add such data to the JSON metadata of a post. You'd just need to add the functionality on a frontend for reading that data and displaying it, and you would need a frontend that has the functionality to add that data to a post. It shouldn't be too complicated.
I think @tekraze could probably build something like that.
Oopsie! I was logged in with the wrong account.
You guys are awesome 👏🤩!
Much Gratitude from Above & Beyond👍😎 !!
yepp possible
and thats a mystery account
Witness forks from here on out will get interesting 🥓
https://www.redfin.com/NM/Corrales/300-W-Meadowlark-Ln-87048/home/92160386
Another chain developed by some of the blurt team DIG is specifically designed for this. For doing fractional real estate.
Thanks for your comment, I think @saboin know better than me on this specific point ;)
Please @saboin, you know how I value TIME and FOCUS.
I am in your SPACE-TIME area around mid next-month.
Can we meet? Many subjects to cover. AMA, I am with Transparency. I bring my NUC just incase we get comfy-techy. I am building a VM environment for Blurt-Hive-Nodes.
https://blurt.blog/blurt/@newparadigmtt/rj73zd
https://blurt.blog/@amicuscuriaetf
We have forensic-facts to publish as they are public-publications, you know Public-Court-Records? We lead by example? All lights are green to go.
Sir @saboin the legend :)
Re🤬eD
Crash the Party 🥓
Thanks gor explaining all of these to me. Im not a whale on blurt yet but i hope to be soon
You're welcome, thanks for your reading :)
Everything on point
I find your post particularly interesting as a Dev in making. Reading your post gives me more insight. May you find what you seek.
Thank you :)
I love your visionary thinking. Looking for solutions and not looking for problems. Moderate. I love it.
Thanks for your comment :)
Thank you for the simple and successful explanation on investors.
Thanks a lot for your support of my witness and your comment 👍
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