When Steem has a problem, what happens? Everyone starts complaining! The problem is identified a thousand times by a thousand different people, and maybe a dozen "solutions" are posed. Now, none of the solutions are the ultimate answer, so which one should we pick? No one can seem to come to consensus as to what we should actually do.
The answer is all of them.
This is the great thing about decentralization. Everyone is going to try to implement their answer. SMTs are taking too long?! Fuck it! Vaporchains, SteemEngine, and Stratos. Let's do this! It's happening!
Of course, this is inefficient, and corporations will look at this behavior while laughing and scoffing at the way we are doing things. Wouldn't it be nicer if we just put someone in charge to decide the one true path we should be taking?
No, of course not!
We already tried that. What an abysmal disaster! Look at the state of the world we live in! We tried it their way and now it's time for no one to be in charge.
Decentralization will create many redundancies. Many people will be running around trying to accomplish the same goal. However, this is exactly what we need. Inefficiency is a good thing at this point. It is a robust solution. People need jobs! Real jobs, not ones in a factory for minimum wage that should have already been automated by robots.
We need the trust of a currency that we have control over; one that can't be inflated into the dirt like every single fiat currency that exists in the world of central banking. Make no mistake: the CryptoSphere is under attack.
A bitcoin ETF is not a blessing. Trillions of institutional dollars being thrown at the blockchain is not a good thing. It is an attack. It is the act of trading something whose value is less than worthless for our precious coins and reputation. It is a hostile takeover; the act of taking our currency and putting it in the hands of people who can't be trusted to do the right thing.
They are creating volatility that shouldn't exist. They are scaring people away from the blockchain using the same old fear tactics of the past. They are manipulating price with futures markets just like they did to gold, silver, and other precious metals.
We have to prove that we evolve faster than their attacks can damage.
We have to prove that smart money is far superior to anything they can throw at us.
Remember Litecoin? That worthless redundant piece of garbage that was supposed to fall off the grid? Yeah, it's #4 today on the market cap.
https://bitcoinist.com/litecoin-price-mimblewimble-privacy/
http://www.digitaljournal.com/tech-and-science/technology/litecoin-takes-huge-jump-in-price-over-27-percent/article/542799
https://cryptonewsreview.com/litecoin-surges-14-after-mimblewimble-privacy-protocol-announcement/
https://www.investinblockchain.com/litecoin-ltc-collaborates-beam-privacy-coin-mimblewimble/
Apparently, Mimblewimble is a pretty solid technology that boosts throughput and privacy at the same time. No other team works more closely with Bitcoin than Litecoin.
Community > All.
And so, it doesn't matter if we are "wasting our time" and "being inefficient". The trust gained from such robust problem solving is the single most important advantage we have against the established system.
Consensus takes time.
We are running in every direction at once.
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