SMTs Coming Soon!!! This Is Good News
Of course, soon is a relative term depending upon your time frame. In geological terms, soon is 100,000 years. This makes sense since many feel this is the pace that Steemit Inc operates upon.
However, we did receive some positive news yesterday. Posted on @steemitblog was an interview with the lead developer of the SMTs. @andrarchy did an interview with Steve Gerbino which I found to be very enlightening.
Knowing how the community feels along with the importance of this project, the questioning was done in such a way to provide reasonable expectations regarding SMTs.
It also uncovered a major problem within the workings of Steemit Inc. The only question is whether it was avoidable or not. Actually, in the end, it really does not matter.
Anyway, Steve basically said he will have a great deal of it done over the next week if he is able to focus upon it. This is something that, according to him, is a constant at Steemit Inc. The tendency is to start moving in a direction and then pull everyone off it for something else. At times, this is necessary but does produce poor results.
The real problem is that is context-swapping is expensive. Moving from one project to another makes it difficult to stay on track.
Anyone who has run a business or project knows how true this is. Jumping around from fire-to-fire tends to create a chaotic work state where productivity is reduced. This explains a great deal as to why what was produced by the team over the last couple years was less than expected.
As for the SMTs themselves, there is no reason for them not to be completed in a timely manner from this point. The only issue, according to Steve, is being given the time to do it. From a technical standpoint, he does not foresee any major barriers.
The main thing that has been standing in the way of releasing SMTs isn’t some impossible-to-solve technical problem. All we needed was a block of time where we could be focused on SMTs and not be pulled in a million directions.
He went on to say:
All we need to finish SMTs is the time to focus, and then it will get done. Aside from some minimal Testnet support, that’s largely where we are at right now. Thanks to the work being done on Tesnet, numerous bugs have been found and patched. That means that we can be reasonably certain that the roll out of HF21 will be very smooth, and after that, it’s going to be clear sailing for SMTs.
Here is a summary of the interview.
https://steempeak.com/steemit/@gerbino/my-background-and-vision-for-steem
Steemit Inc really needs to finish the SMTs for many reasons. One of the biggest relates to credibility. The company's name is associated with grand promises with little delivery. Basically, it is mush within the industry (along with much of the community). There is no trust in the company that it will produce anything it claims. SMTs were on the table for more than a year and a half and we still have nothing.
What makes it worse is the community developers took what was in the works and completed it within a short period of time. The Steem-Engine tokens are based upon the code that was written for SMTs. I understand that coding for the base versus layer two solutions are different, yet we do see the ability to get things done when the community pursues it.
Thus far, Steemit Inc has not kept pace.
Many talked about #newsteem on here and it is time for Steemit Inc to get on board. There are many issues that need attention going forward along with a lot of repair to the reputation of Steem. Since Steemit Inc is largely responsible for it, they have to step up to the plate to move things along. Whether we like it or not, in the minds of most of the crypto world, Steemit and Steem are one.
From the interview, it sounds like there is very little required from the development left regarding the next Hard Fork. This means those who are responsible for SMTs should be exclusively focused upon it very soon. My hope is we see that starting in August.
How long it takes from there, I have no idea. If we could see the coding ready to go by the fall, that would be a major win. We are rapidly moving through 2019 so it is time to get some of this stuff out.
According to Steve, time to get it done is the only thing needed. I hope Steemit Inc avoids other fires and gives it to him.
Dare I say, the wait is almost over?
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I really want SMT to come out but I feel like we are still speaking in geological terms, unfortunately.
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Probably similarly to the case of Half-Life 2 Episode 3, or Half-Life 3.
I think another big reason why it feels like it has been taking so long is that everything in the crypto space moves faster. We are used to stuff happening in a matter of days or weeks not in terms of months or years like a real software development company promises. With such limited resources it is amazing they can even do what they are doing but I think they should have some sort of crowdsourcing for the code instead of relying purely on their own blockchain development teams.
We have 40,000 active users that could probably help contribute in some way but they want to be stubborn and do everything themselves and slow down the whole process.
Are there any whispers as to when HF21 will be released? It has seemed to take forever, although I understand why given the issues surrounding HF20.
As far as when the SMT code will be ready, Eli stated in an interview with @aggroed a month or so ago that they wanted it ready by Steemfest. Not sure if that is still true.
I think that the development of SCOT tokens was a real wake up call for Stinc. They know that this community will move forward, with or without them.
When combined with what seems to be more rational leadership (from what I can see) since ned was replaced, and I'm hoping that we are seeing a better Stinc.
Ned would probably flagged @aggroed for self aggrandizement. Where as now he was made a part of the delegation committee.
While I generally feel Stinc does more to harm the community, I'm willing to hope now.
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The additional encouraging consideration is that I imagine that they are looking closely at the successes and even opportunities of how the community has embraced Steem Engine to apply it for the betterment of SMTs. Having some ideas and competition will ultimately help the direction of the protocol.
I'm not sure "Coming Soon" was the best wording.
We still have a ways to go on testing and then launching and for them to stand by and support the deployment of HF21
That could be 2 more months.
Then as they said they can have some clar time and smooth sailing with nothing but SMTs. But they're not gonna stop there they're gonna create other features like SMT distribution in the form of POB and several other features.
Something like the Steem Proposals was done months ago but it's not launched because 1. We're waiting on a hard fork that's filled with many other things. (which makes sense because you don't want to do hardforks to often if just because it screws up exchanges) 2. we're seemingly waiting on them to support these features with UI deployments.
They could launch the protocol for communities for example soon and without a hardfork but do you think they will before they themselves have a user experience for it even though Steempeak would jump on it quickly and provide a solution. They're still a company and probably don't want to be left in the dust. But steempeak is actively chearing for steemit ... we don't want to be a one interface system. Part of the sale is that there are multiple interfaces.
Thus we come back to timing. 2+ months and then a month of solid focus then another month or so for user experience aspects to be developed. Then testnet for a couple months which may be at the same time as the user experience. Then we're getting into when the team will be pulled in lots of directions with steemfest and then christmas and other holidays.
I saw we're extremely lucky if we see it before 2020 and in fact I'm almost positive it's not 2020 ... early spring target.
Which includes light accounts which are likely to not be terribly difficult to impliment but again we may have to wait for that hard fork because doubtful they'll release something if they themselves don't have a user experience system ready for it even though other apps would love it right now and could start building on it.
There must be at least one geologist in steemit.inc. I suspect there's even more.
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I pay less attention to this company lately, SMT is like a wave in the ocean that finishes his fate on the beach! ;)
😳 They should have always been "Exclusively Focused On the SMTs"! I am Soooo Over It, like everyone else!! Its going to be very hard for Steemit Inc. to bounce back from this, all trust is gone after the many times of them saying its going to be released on a certain date, only to have it delayed once again!!
👀I WILL BELIEVE IT WHEN I SEE IT!👀
😳 It Totally Screwed over the Release of the Appics App which I and many people have money held on and is 2 years behind launching now. At least they decided to not go with the SMTs finally after so many broken promisses and will launch a different way now! upped and resteemed #palnet #steemleo
It has been over 2 years and nothing is here yet. I come here after an article from @amr008 It's almost sad to see SMTs never being out there. I remember @ned talking about Automated Market Makers a lot. Guess what happened with Uniswap and all the other DeFi projects. We had the chance to get to Top 10 cryptocurrencies here IMHO.
At least @aggroed created 2nd layer and it is thanks to that we have projects like LEO, BroFi etc. Crypto is still not mainstream. I think we are still not too late to make SMTs a reality.