Topic: BLURT: Economically rational social blockchain (Read 841 times)
I want Everyone to know that it Only takes a Few Thousand Dollar for someone to Completely Turn around the BLURT market, the Whole Community is Basically 3rd World, and they don't even Realize how Fast it is going to Happen Either, they are convinced that they have Experienced their Value, they have no idea what the Community should be Worth.
Everyone knows about Van Kush Rewards on TRX, then there is also VKBT on HIVE
https://tribaldex.com/trade/VKBT
We also have PUTI on Steem-Engine,
We will be using all of these together with mainly BLURT and STEEM, but also using some HIVE tools, and then start launching our own Van Kush Family Blockchains as the Economy grows.
https://tribaldex.com/trade/VKBT
We also have PUTI on Steem-Engine,
We will be using all of these together with mainly BLURT and STEEM, but also using some HIVE tools, and then start launching our own Van Kush Family Blockchains as the Economy grows.
Hi everyone,
Found think link from Coingecko page about BLURT
I recently joined, and I thought I should join a way back
Good blogging platform
You can follow me and let me know your page, I'll follow you too
https://blurt.blog/@flodner
Found think link from Coingecko page about BLURT
I recently joined, and I thought I should join a way back
Good blogging platform
You can follow me and let me know your page, I'll follow you too
https://blurt.blog/@flodner
BLURT is now hitting prices on CoinMarketCap that it never has been at before. So I want to give everyone done information about things that are clearly being missed, how to operate in this market, how to make Trading BLURT like a Job, and how to be a factor in the Environment that constantly brings value, as well as possibly creating Tools that will do the same thing, because everything I'm about to say could be done by Bots, but currently it's not being done at all
So what we are looking at is $0.04 BLURT, this is the highest heights it has reach as of yet, but is far from it's full potential. Part of the issue with BLURT is Trade Volume, Liquidity. When STEEM first launched there was actually a page on the Steemit website where you could Trade STEEM for SBD, so in this way STEEM is "Backed by a Dollar Pegged Token", and there was a Liquidity reward, like 100 STEEM every hour for the highest trader, keeping the market most Liquid. BLURT has no BLURT backed Dollars BBD, like STEEM has SBD and HIVE has HBD. So we have to bring in other Tokens and Currencies to meet that Role. We can earn SBD and HBD and use those to Buy BLURT, we have use HIVE-Engine Tokens and use earnings to Buy BLURT, there is even a BLURT Pegged Token and BLURT Yield Token on HIVE, so those are like SBD. You can today make a BSC Token, ERC20, TRC20, Harmony, etc, etc, Token, and start teaching about it on BLURT and make that a BLURT Institution.
Now,
What also needs to be Observed is the difference between ProBit and STEX, this could be Automated but currently it seems no one is doing this day today. No one wakes up in the Morning with $10,000+ in Cryptocurrency on a BLURT exchange, or all of them, in Bitcoin or Ethereum or TRON, etc, and watches the Market. Right now someone could take BLURT from STEX and buy it there for $0.006, less than a Penny. Then transfer that to ProBit.
This provides 2 services, and 1 fear,
So over the past week or so people seem to have been buying BLURT, I believe it is Koreans, and they are spending $0.02, now $0.04, and if you go Buy Coins at $0.006 and drop that to 1 Penny. Everyone lights their hair on Fire, but smart people say "Thank God I was hoping there was another chance to get it under $0.04", and you are actually helping those who are paying $0.04 because they could save money if they shopped around, so now you are doing the leg work and selling it at $0.01 or $0.02, so you make a profit from $0.006, but you didn't rip anyone off, you balanced the Trade Spread. So your services you are providing is in the leg service, abd lowering the price for those smart enough to Buy in on your Price dropping.
So this the creates a more Liquid Market,
What would be great is if BLURT had a Proof of Liquidity (POL) Token, or if Hummingbot or Autonio could be utilized or mimicked, and Guides were written to get BLURTers Automated.
So what we are looking at is $0.04 BLURT, this is the highest heights it has reach as of yet, but is far from it's full potential. Part of the issue with BLURT is Trade Volume, Liquidity. When STEEM first launched there was actually a page on the Steemit website where you could Trade STEEM for SBD, so in this way STEEM is "Backed by a Dollar Pegged Token", and there was a Liquidity reward, like 100 STEEM every hour for the highest trader, keeping the market most Liquid. BLURT has no BLURT backed Dollars BBD, like STEEM has SBD and HIVE has HBD. So we have to bring in other Tokens and Currencies to meet that Role. We can earn SBD and HBD and use those to Buy BLURT, we have use HIVE-Engine Tokens and use earnings to Buy BLURT, there is even a BLURT Pegged Token and BLURT Yield Token on HIVE, so those are like SBD. You can today make a BSC Token, ERC20, TRC20, Harmony, etc, etc, Token, and start teaching about it on BLURT and make that a BLURT Institution.
Now,
What also needs to be Observed is the difference between ProBit and STEX, this could be Automated but currently it seems no one is doing this day today. No one wakes up in the Morning with $10,000+ in Cryptocurrency on a BLURT exchange, or all of them, in Bitcoin or Ethereum or TRON, etc, and watches the Market. Right now someone could take BLURT from STEX and buy it there for $0.006, less than a Penny. Then transfer that to ProBit.
This provides 2 services, and 1 fear,
So over the past week or so people seem to have been buying BLURT, I believe it is Koreans, and they are spending $0.02, now $0.04, and if you go Buy Coins at $0.006 and drop that to 1 Penny. Everyone lights their hair on Fire, but smart people say "Thank God I was hoping there was another chance to get it under $0.04", and you are actually helping those who are paying $0.04 because they could save money if they shopped around, so now you are doing the leg work and selling it at $0.01 or $0.02, so you make a profit from $0.006, but you didn't rip anyone off, you balanced the Trade Spread. So your services you are providing is in the leg service, abd lowering the price for those smart enough to Buy in on your Price dropping.
So this the creates a more Liquid Market,
What would be great is if BLURT had a Proof of Liquidity (POL) Token, or if Hummingbot or Autonio could be utilized or mimicked, and Guides were written to get BLURTers Automated.
If anyone is wondering how BLURT is ready to go up,
My Wife and I are about to get our 2020 COVID money and just as an example, with just $1,000 or so we should be able to get BLURT under a Penny for all of that and maybe more, which pays for plenty. 1 Penny into $1,000 is 100,000, and if it goes to 5 cents or 10 cents, it is likely an old Steemit user who is on HIVE now, or maybe there is a Steemit user who would want to sell their high BLURT holdings, maybe there are several Million, maybe Hundreds of Millions, to be sold. So the Price is very likely to stay Low.
But now, if just 50 people in all of this big wide World, abd really it takes much less than that and Builds to 50 people with the last of those actually spending much more because they are coming in later, but let's say 50 come in and want to do what I'm doing, 50 people want to spend $1,000 so that's $50,000 now say those people are on the Market as a Buy Wall, as well as sometimes having $1,000 dropped on the Market all at once as a instantly filled order. But that $50,000 Buys up a lot of BLURT, and these people if they are following the model of what I'm doing and of what the Graphene Blogs are for, they are holding those BLURT as BP so now they are off the Market. That guy who had 100,000,000 to sell is maybe seeing potential in this market he never saw before, because there are 50 new people running around voting, talking up BLURT on Social Media and inviting Friends. So the 100,000,000 BLURT holder sold a few Million and bought STEEM or HIVE, but even he starts voting for a few people and using his BLURT as BP, so now we see a lot of people start locking up BP, and less of it going on the market to lower the price. So we see the price go up, and then we see that more and more people are joining. And now it's not odd to see BTC and ETH Miners drop $10,000 or $30,000 once or twice a month, and a new Bot being made or a new Token or Blockchain making an announcement. Eventually someone brings their Guitar Lessons business to BLURT and brings in everyone that comes through, and someone else brings their Lawnmower Store, and someone else brings a Crossfit place, etc. People start doing things without invitation, etc. They just see opportunity, Buy in, abd start telling everyone else to join them.
And eventually there is just enough BP locked up, and enough new regular people coming in to support a liquid $0.50 BLURT, then $1.00, etc, and STEEM and HIVE go up too, everyone will rise with what we are building.
Plus,
If we take $0.50 BLURT and Transfer 1:3 of holdings to Steemit, suddenly we have SBD to create Buy Support from the same people holding high amounts of BP.
My Wife and I are about to get our 2020 COVID money and just as an example, with just $1,000 or so we should be able to get BLURT under a Penny for all of that and maybe more, which pays for plenty. 1 Penny into $1,000 is 100,000, and if it goes to 5 cents or 10 cents, it is likely an old Steemit user who is on HIVE now, or maybe there is a Steemit user who would want to sell their high BLURT holdings, maybe there are several Million, maybe Hundreds of Millions, to be sold. So the Price is very likely to stay Low.
But now, if just 50 people in all of this big wide World, abd really it takes much less than that and Builds to 50 people with the last of those actually spending much more because they are coming in later, but let's say 50 come in and want to do what I'm doing, 50 people want to spend $1,000 so that's $50,000 now say those people are on the Market as a Buy Wall, as well as sometimes having $1,000 dropped on the Market all at once as a instantly filled order. But that $50,000 Buys up a lot of BLURT, and these people if they are following the model of what I'm doing and of what the Graphene Blogs are for, they are holding those BLURT as BP so now they are off the Market. That guy who had 100,000,000 to sell is maybe seeing potential in this market he never saw before, because there are 50 new people running around voting, talking up BLURT on Social Media and inviting Friends. So the 100,000,000 BLURT holder sold a few Million and bought STEEM or HIVE, but even he starts voting for a few people and using his BLURT as BP, so now we see a lot of people start locking up BP, and less of it going on the market to lower the price. So we see the price go up, and then we see that more and more people are joining. And now it's not odd to see BTC and ETH Miners drop $10,000 or $30,000 once or twice a month, and a new Bot being made or a new Token or Blockchain making an announcement. Eventually someone brings their Guitar Lessons business to BLURT and brings in everyone that comes through, and someone else brings their Lawnmower Store, and someone else brings a Crossfit place, etc. People start doing things without invitation, etc. They just see opportunity, Buy in, abd start telling everyone else to join them.
And eventually there is just enough BP locked up, and enough new regular people coming in to support a liquid $0.50 BLURT, then $1.00, etc, and STEEM and HIVE go up too, everyone will rise with what we are building.
Plus,
If we take $0.50 BLURT and Transfer 1:3 of holdings to Steemit, suddenly we have SBD to create Buy Support from the same people holding high amounts of BP.
Tokenista is delusional and he is onto something. He is centered around laying misinformation upon ur gullible heads with the only goal being sating his greed for power. BLURT is now coming to power and is very soon to replace bitcoin. STEEM community is worried about such upheaval because they wind the smell of the shift in powers that drive this very market. Everyone wants to stay afloat and face no problems when such a bombastic uptick happens. I would say certain people in this very community, and I would call them a cohort, are working to bring to bear the bathos, a dramatic change with severe implications for everyone invested in crypto and related happenings centered around altcoinomics.
This is a crazy person everyone. Likely a Troll.
First he says I'm spreading misinformation,
He Says BLURT will replace Bitcoin, (it will not)
Then it kinda trails off, I'm going to look up the word "Bathos".
Then he just ads a conclusion saying altcoinomics to try to make it sound like he was being like witty or quick with it, or whatever you call that, but it is not a real paragraph.
ba·thos
/ˈbāTHäs/
Learn to pronounce
noun
(especially in a work of literature) an effect of anticlimax created by an unintentional lapse in mood from the sublime to the trivial or ridiculous.
"his epic poem has passages of almost embarrassing bathos"
"people in this very community, and I would call them a cohort, are working to bring to bear the bathos"
He basically said I spread misinformation, then says BLURT will replace Bitcoin then writes a crazy paragraph. It explained nothing about anything.
I'm pretty sure I'm one of very few Steemit or BLURT users in this community.
And thinking about it, Bathos is a Troll word. That's what Trolling is. Derailing basically is Bathos.
Tokenista is delusional and he is onto something. He is centered around laying misinformation upon ur gullible heads with the only goal being sating his greed for power. BLURT is now coming to power and is very soon to replace bitcoin. STEEM community is worried about such upheaval because they wind the smell of the shift in powers that drive this very market. Everyone wants to stay afloat and face no problems when such a bombastic uptick happens. I would say certain people in this very community, and I would call them a cohort, are working to bring to bear the bathos, a dramatic change with severe implications for everyone invested in crypto and related happenings centered around altcoinomics.
BLURT is about to go up in value.
Why such speculation? Can you elaborate more on this, especially for those who are not following the progress of this project? I hope it is not a pump and dump scenario. And if you can tell in what time period it may go up? Will check if such speculation will come to reality.
BLURT is about to go up in value.
How to Buy BLURT and STEEM + Behind the Scenes of Trading for Newbies and Blockchain Developers: Market Caps, Value, Markets, Moon Ramps, Dollar Pegged Coins and Token Economies
https://blurt.blog/blurtphoto/@punicwax/how-to-buy-blurt-and-steem-behind-the-scenes-of-trading-for-newbies-and-blockchain-developers-market-caps-value-markets-moon
https://blurt.blog/blurtphoto/@punicwax/how-to-buy-blurt-and-steem-behind-the-scenes-of-trading-for-newbies-and-blockchain-developers-market-caps-value-markets-moon
reserved
@OP, can you make your ANN more interesting by posting some visuals?
You can buy copper membership here. If it is not too much for you.
There are too much texts and sometimes people need to catch their attention first before they will read long texts.
You are already listed in several exchanges, for now, I believe, that's more than enough.
Focus on reaching out more users as you can, because the life of your platform depends on the users that you can get onboard.
You can buy copper membership here. If it is not too much for you.
There are too much texts and sometimes people need to catch their attention first before they will read long texts.
You are already listed in several exchanges, for now, I believe, that's more than enough.
Focus on reaching out more users as you can, because the life of your platform depends on the users that you can get onboard.
The same way Steemit created Smart Media Tokens (SMTs), and Hive says they are built for SMTs and dApps, the BLURT Team, primarily Jacob Gadikian, has said that he feels SMTs are something like SPAM in his mind, though that is the current State-of-the-Art Social Media Blockchain Token.
So what he is doing is creating a Cosmos Blockchain for BLURT, mined by BLURT witnesses and others using Raspberry Pis, then from there they will create a Token Platform for BLURT that easily integrates outside the BLURT Blockchain, and Ethereum based Tokens have also been mentioned as probably being part of this.
So BLURT will have a Blurt-Engine type platform (as well as an implementation of a Steem-Engine copy by Aggroed possible in the future, so BLURT may also have the basic Steemit SMTs at some point also) but BLURTs Token Engine will be built by BLURT on a Cosmos chain. So it will be like downloading an App made by Google or Apple on the App Stores, instead of a 3rd Party Developer App. It will be a part of BLURTs offerings as a company, similarly to how Hive has built it in.
They are also launching a BLURT 3Speak soon before all of that happens.
So what he is doing is creating a Cosmos Blockchain for BLURT, mined by BLURT witnesses and others using Raspberry Pis, then from there they will create a Token Platform for BLURT that easily integrates outside the BLURT Blockchain, and Ethereum based Tokens have also been mentioned as probably being part of this.
So BLURT will have a Blurt-Engine type platform (as well as an implementation of a Steem-Engine copy by Aggroed possible in the future, so BLURT may also have the basic Steemit SMTs at some point also) but BLURTs Token Engine will be built by BLURT on a Cosmos chain. So it will be like downloading an App made by Google or Apple on the App Stores, instead of a 3rd Party Developer App. It will be a part of BLURTs offerings as a company, similarly to how Hive has built it in.
They are also launching a BLURT 3Speak soon before all of that happens.
BLURT went from 600 Active Users in Sept, to 3,500 in October.
So this is really the beginning. Soon the numbers will be way up, then steady, up, steady, up, etc. But 600-3,500 is just the beginning of the expansion. It is about to go way up.
Think of it as like other platforms, like let's say Fortnite just since it became so large so most people probably know what it is (it was like the #1 cause of Divorce in Americaat one point I read).
So you hear about a game being made where it's something about Zombies and Building Forts... ok, it sounds like Minecraft? People you try to survive in a Fort and Build things. Maybe you hear about the funny Dances.
Then you hear people talk about the Battle Royale, you maybe learn the Zombie part wasn't even made yet and people are playing like a test run where they all kill each other, and it's not like Minecraft, but instead is like a 3rd person shooter.
Then at some point someone is playing it somewhere you are, and you play for a minute and some people then dedicate their lives to it.
As that happens over, and over, and over throughout the World, the numbers don't go up slowly.
If we compare "Viral" to "Virus"
(don't get too caught up in the comparison and Viruses spread Physical Disease, Virality has never been proven to itself be the cause of any Mental Disease or Violent Video games would be much less available. So don't think that Virality is like a Virus in any other way than this.)
The Corona Virus is measured like, 1.1 means 1 person spreads it to 1.1 others. A rating of 2 means 1 person spreads it to 2 others.
With Social Media we all have hundreds or thousands of Followers, some Millions. So it goes much faster than 1 or 2 or 10. 1 person can spread it to 1,000,000 others
So this is really the beginning. Soon the numbers will be way up, then steady, up, steady, up, etc. But 600-3,500 is just the beginning of the expansion. It is about to go way up.
Think of it as like other platforms, like let's say Fortnite just since it became so large so most people probably know what it is (it was like the #1 cause of Divorce in Americaat one point I read).
So you hear about a game being made where it's something about Zombies and Building Forts... ok, it sounds like Minecraft? People you try to survive in a Fort and Build things. Maybe you hear about the funny Dances.
Then you hear people talk about the Battle Royale, you maybe learn the Zombie part wasn't even made yet and people are playing like a test run where they all kill each other, and it's not like Minecraft, but instead is like a 3rd person shooter.
Then at some point someone is playing it somewhere you are, and you play for a minute and some people then dedicate their lives to it.
As that happens over, and over, and over throughout the World, the numbers don't go up slowly.
If we compare "Viral" to "Virus"
(don't get too caught up in the comparison and Viruses spread Physical Disease, Virality has never been proven to itself be the cause of any Mental Disease or Violent Video games would be much less available. So don't think that Virality is like a Virus in any other way than this.)
The Corona Virus is measured like, 1.1 means 1 person spreads it to 1.1 others. A rating of 2 means 1 person spreads it to 2 others.
With Social Media we all have hundreds or thousands of Followers, some Millions. So it goes much faster than 1 or 2 or 10. 1 person can spread it to 1,000,000 others
BLURT Git Repository for the Programmers Joining
https://gitlab.com/blurt/blurt
https://gitlab.com/blurt/blurt
How to Mine BLURT
https://bitcointalksearch.org/topic/--5285414
https://bitcointalksearch.org/topic/--5285414
STEEM held March 2020 is in a BLURT wallet at Blurt.blog with the same Username and Password. Tell everyone.
I made another BLURT thread here if anyone wants more info
https://bitcointalksearch.org/topic/the-socialgraph-blurt-blockchain-project-graphenesteemit-clones-5283079
But this thread we are in currently is from the BLURT founders. So this will be the Official thread to talk about BLURT with the BLURT Team.
If you are a Developer looking to help with BLURT, this is your thread
I made another BLURT thread here if anyone wants more info
https://bitcointalksearch.org/topic/the-socialgraph-blurt-blockchain-project-graphenesteemit-clones-5283079
But this thread we are in currently is from the BLURT founders. So this will be the Official thread to talk about BLURT with the BLURT Team.
If you are a Developer looking to help with BLURT, this is your thread
Hello friends,
Apparently in a post like this, we are supposed to include information about listings in a prominent position.
Blurt is listed on:
There, I have listed our exchanges. We anticipate a probit listing very soon, as well. A number of large exchanges are in posession of user funds, largest of which is Upbit. Learn more here:
https://blocks.blurtwallet.com/#/richlist
We figure that those larger exchanges will list eventually or hopefully at the very least ensure that users get their BLURT.
What is Blurt?
there are many ways of looking at this question and I intend to get into most of them in this post, which I anticipate will be rather long.
My recent learnings and research have shown me that Blurt is first and foremost a governance change to the steem blockchain, available at the option of users. We sent a special node into the steem Network, That was programmed to dump state, specifically account names, public keys, and balances. Since we were getting rid of the SBD concept, SBD was converted too BLURT at the price reported by the steem network's price feeds at that time. So when this special node synced to block 43,526,969 It stopped syncing and wrote to a file called snapshot.json.
Even today, that file is required to start a node on Blurt, and you may review it here:
https://gateway.pinata.cloud/ipfs/QmPrwVpwe4Ya46CN9LXNnrUdWvaDLMwFetMUdpcdpjFbyu
If you hold one of the 1.4 million steem accounts that existed in block 43,526,969 then you can actually log into blurt and begin using it exactly the way that you used steem.
https://blurt.world
I would like to tell you about some of the things we have changed and our future plans because in fact we don't really see ourselves as competition to steem or hive but instead another path.
I titled this post with the phrase economically rational because I think that most likely Dan baked some irrationality into steem to increase pumpability.
The irrationality was of course that there are no transaction fees. Without transaction fees, a chain is doomed to certain forms of spam and unbounded state growth. Both of these are very unhealthy to the blockchain organism.
https://blurt.world/blurt/@jacobgadikian/blockchain-application-tco
The ideal blockchain organism has a symbiotic relationship with its user community. It pays its users to fulfill its needs, basically machines, upgrades, network service.Users advocate for the blockchain organism in meat space. Users ensure that The blockchain organism is well recognized and well understood. In turn, the blockchain organism benefits them through its continued operation.
So one thing that Blurt is: a weakly intelligent form of life.
I'll also argue that chains that exhibit excessive centralization may be alive but are effectively slaves.
We have gone to great lengths to increase blurt's bus factor. Now the ideal bus factor for anything is zero. That means that the entire project team can get hit by a bus or die in a fiery crash and the project will continue to run smoothly.
Initially we had a bus factor of two, and currently I would say we have a bus factor of between five and 10. There is no company or other centralized entity although we have at times referred to a foundation. Generally these days, we are calling it by its accurate name, the shart.
In order to execute the needed changes to governance, I personally entered the accounts held by Stinc, Tron, and friends into a purpose-built ventilation system written in C++, designed to clear the fart smell from the air. The ventilation system did not ventilate any personal accounts, as was the case with Hive when they created their continuation of the steem chain of cryptographically linked blocks. Notably, Blurt is not a continuation. We are a fresh chain with no cryptographic link to Steem or Hive, but we did use balances from Steem's block 43,526,969 to populate our genesis state.
Essentially, they chose to curate in a different fashion. We felt that the real problem was excessive centralization and that the solution was temporary centralization.
Blurt kind of sort of has dictators at this time. I am one of them, and my partner is the other. We have what are called regent capabilities on the chain. This is what enabled us to give funds to all individuals, whether or not they wanted our chain to even exist. For the next 20 months, the regent allows us to curate the witness set, and that ability weakens each month. We actually don't need to use it much, here are our witnesses:
https://blocks.blurtwallet.com/#/witnesses
This is actually a radical simplification of the past situation. In the past situation, you had an organization that was effectively in control of the chain, while stating that users were in control of the chain. I can assure any reader that given the weight of the shart and the power enhancement provided by the regent, if it were necessary, we could dictate the entire witness set.
This probably opens up lots and lots of questions and I'm happy to discuss it but the basic idea here is to allow us to react and protect the chain while it is still a baby.
Would you send your 15-year-old kid to Chicago's South side without at least an AK-47?
I wouldn't. So we also gave the chain an AK-47: transaction fees.
That's why blurt has the regent and transaction fees that are determined by the witnesses. If troubling activity occurs, witnesses can always increase transaction fees. If someone comes after the witness set, for the next 20 months, my partner and I can curate the witness set. We launched into an environment where we knew that both economic and infrastructural attacks would occur. Both have occurred, and blurt is now stronger because they have occurred.
Okay I realize that is a fairly hyperbolic example, but the base point about protection remains. In fact a blockchain especially a proof-of-stake blockchain requires multiple layers of active protection and as time goes on, that protection certainly does not require the sort of centralization that the regent implies. That is why the regent is programmed to get weaker and weaker each month for the next 20 months until it has no vote weight.
Cock fault tolerance
If you're building a blockchain that includes a media element, you had better ensure that it is cock fault tolerant. Cockfault intolerance can kill your blockchain. I actually saw that happen on another chain where nodes stopped operating because there was a sudden influx of a very certain cock that was posted all over steem by some gentleman NGC / Bernie Sanders.
That cock then flooded whaleshares and blurt.
And what a mighty cock it was!
This cock was so powerful It managed to get whaleshares witnesses to quit, causing the chain to fail. They had proven cockfault intolerant. A cock was enough to make them run away. Luckily, our witnesses are a harder sort. The cock motivated them to find a solutions to 2 gigabytes a day of cock spam in the form of links to an enormous, swinging cock.
During this time, We at blurt, in particular, one engineer who I have an undying gratitude to, worked frantically to implement a feature that we had discussed pre-launch, transaction fees. These fees quickly served as a very effective cock block.
Trajectory
So what do we have?
We have a new way to execute governance changes on blockchains, which has received great validation because it has already been copied by the NewBitShares project.
We have a rapidly growing community of fairly fervent supporters.
We have skills and a human network that bridges several blockchain ecosystems.
We have the ability to export our own state, if we so choose.
So in the long run you should expect us to continue our hydra strategy, where our community build more and more front ends. Expect language and topic flavored front end interfaces, and expect the most popular ones to end up becoming new chains so that we never run out of capacity or experience runaway state growth.
If our chain should become full in terms of transaction capacity, you should expect that we execute a fork upon the willing, which is different from what we did to start Blurt. The fork upon the willing involves users posting the public key to the original And then The Genesis state of the new chain will reflect only the current balances of the willing. This prune stuff down to only active users who are interested in the new chain.
New chains will likely be based on Cosmos / Starport. It is an incredibly ergonomic tool for building new blockchains and I suggest that any engineers here check it out. It even automatically generates raspberry pi images. In our case, these new chains will be launched either to scale blurt or to allow a specific content vertical to have their own chain.
thank you for reading and learning about blurt.
Apparently in a post like this, we are supposed to include information about listings in a prominent position.
Blurt is listed on:
- Ionomy
- Beldex
- Steem Engine
- Hive Engine
- Stex
There, I have listed our exchanges. We anticipate a probit listing very soon, as well. A number of large exchanges are in posession of user funds, largest of which is Upbit. Learn more here:
https://blocks.blurtwallet.com/#/richlist
We figure that those larger exchanges will list eventually or hopefully at the very least ensure that users get their BLURT.
What is Blurt?
there are many ways of looking at this question and I intend to get into most of them in this post, which I anticipate will be rather long.
My recent learnings and research have shown me that Blurt is first and foremost a governance change to the steem blockchain, available at the option of users. We sent a special node into the steem Network, That was programmed to dump state, specifically account names, public keys, and balances. Since we were getting rid of the SBD concept, SBD was converted too BLURT at the price reported by the steem network's price feeds at that time. So when this special node synced to block 43,526,969 It stopped syncing and wrote to a file called snapshot.json.
Even today, that file is required to start a node on Blurt, and you may review it here:
https://gateway.pinata.cloud/ipfs/QmPrwVpwe4Ya46CN9LXNnrUdWvaDLMwFetMUdpcdpjFbyu
If you hold one of the 1.4 million steem accounts that existed in block 43,526,969 then you can actually log into blurt and begin using it exactly the way that you used steem.
https://blurt.world
I would like to tell you about some of the things we have changed and our future plans because in fact we don't really see ourselves as competition to steem or hive but instead another path.
I titled this post with the phrase economically rational because I think that most likely Dan baked some irrationality into steem to increase pumpability.
The irrationality was of course that there are no transaction fees. Without transaction fees, a chain is doomed to certain forms of spam and unbounded state growth. Both of these are very unhealthy to the blockchain organism.
https://blurt.world/blurt/@jacobgadikian/blockchain-application-tco
The ideal blockchain organism has a symbiotic relationship with its user community. It pays its users to fulfill its needs, basically machines, upgrades, network service.Users advocate for the blockchain organism in meat space. Users ensure that The blockchain organism is well recognized and well understood. In turn, the blockchain organism benefits them through its continued operation.
So one thing that Blurt is: a weakly intelligent form of life.
I'll also argue that chains that exhibit excessive centralization may be alive but are effectively slaves.
We have gone to great lengths to increase blurt's bus factor. Now the ideal bus factor for anything is zero. That means that the entire project team can get hit by a bus or die in a fiery crash and the project will continue to run smoothly.
Initially we had a bus factor of two, and currently I would say we have a bus factor of between five and 10. There is no company or other centralized entity although we have at times referred to a foundation. Generally these days, we are calling it by its accurate name, the shart.
In order to execute the needed changes to governance, I personally entered the accounts held by Stinc, Tron, and friends into a purpose-built ventilation system written in C++, designed to clear the fart smell from the air. The ventilation system did not ventilate any personal accounts, as was the case with Hive when they created their continuation of the steem chain of cryptographically linked blocks. Notably, Blurt is not a continuation. We are a fresh chain with no cryptographic link to Steem or Hive, but we did use balances from Steem's block 43,526,969 to populate our genesis state.
Essentially, they chose to curate in a different fashion. We felt that the real problem was excessive centralization and that the solution was temporary centralization.
Blurt kind of sort of has dictators at this time. I am one of them, and my partner is the other. We have what are called regent capabilities on the chain. This is what enabled us to give funds to all individuals, whether or not they wanted our chain to even exist. For the next 20 months, the regent allows us to curate the witness set, and that ability weakens each month. We actually don't need to use it much, here are our witnesses:
https://blocks.blurtwallet.com/#/witnesses
This is actually a radical simplification of the past situation. In the past situation, you had an organization that was effectively in control of the chain, while stating that users were in control of the chain. I can assure any reader that given the weight of the shart and the power enhancement provided by the regent, if it were necessary, we could dictate the entire witness set.
This probably opens up lots and lots of questions and I'm happy to discuss it but the basic idea here is to allow us to react and protect the chain while it is still a baby.
Would you send your 15-year-old kid to Chicago's South side without at least an AK-47?
I wouldn't. So we also gave the chain an AK-47: transaction fees.
That's why blurt has the regent and transaction fees that are determined by the witnesses. If troubling activity occurs, witnesses can always increase transaction fees. If someone comes after the witness set, for the next 20 months, my partner and I can curate the witness set. We launched into an environment where we knew that both economic and infrastructural attacks would occur. Both have occurred, and blurt is now stronger because they have occurred.
Okay I realize that is a fairly hyperbolic example, but the base point about protection remains. In fact a blockchain especially a proof-of-stake blockchain requires multiple layers of active protection and as time goes on, that protection certainly does not require the sort of centralization that the regent implies. That is why the regent is programmed to get weaker and weaker each month for the next 20 months until it has no vote weight.
Cock fault tolerance
If you're building a blockchain that includes a media element, you had better ensure that it is cock fault tolerant. Cockfault intolerance can kill your blockchain. I actually saw that happen on another chain where nodes stopped operating because there was a sudden influx of a very certain cock that was posted all over steem by some gentleman NGC / Bernie Sanders.
That cock then flooded whaleshares and blurt.
And what a mighty cock it was!
This cock was so powerful It managed to get whaleshares witnesses to quit, causing the chain to fail. They had proven cockfault intolerant. A cock was enough to make them run away. Luckily, our witnesses are a harder sort. The cock motivated them to find a solutions to 2 gigabytes a day of cock spam in the form of links to an enormous, swinging cock.
During this time, We at blurt, in particular, one engineer who I have an undying gratitude to, worked frantically to implement a feature that we had discussed pre-launch, transaction fees. These fees quickly served as a very effective cock block.
Trajectory
So what do we have?
We have a new way to execute governance changes on blockchains, which has received great validation because it has already been copied by the NewBitShares project.
We have a rapidly growing community of fairly fervent supporters.
We have skills and a human network that bridges several blockchain ecosystems.
We have the ability to export our own state, if we so choose.
So in the long run you should expect us to continue our hydra strategy, where our community build more and more front ends. Expect language and topic flavored front end interfaces, and expect the most popular ones to end up becoming new chains so that we never run out of capacity or experience runaway state growth.
If our chain should become full in terms of transaction capacity, you should expect that we execute a fork upon the willing, which is different from what we did to start Blurt. The fork upon the willing involves users posting the public key to the original And then The Genesis state of the new chain will reflect only the current balances of the willing. This prune stuff down to only active users who are interested in the new chain.
New chains will likely be based on Cosmos / Starport. It is an incredibly ergonomic tool for building new blockchains and I suggest that any engineers here check it out. It even automatically generates raspberry pi images. In our case, these new chains will be launched either to scale blurt or to allow a specific content vertical to have their own chain.
thank you for reading and learning about blurt.
Jump to: