Why Voice Compliments Steem
Most people out there think that crypto is in competition with itself. I've written a lot about how that's impossible. Unregulated open source code is a form of language and free speech. Currency itself is also a language. Does French compete with German? Does Yen compete with the Peso? Does Mint compete with Ubuntu? Certainly not.
The world has a rampant misunderstanding of cryptocurrency. Even people who otherwise know vast amounts of information about distributed ledger technology get this part of the economic equation wrong. They suffer from Halo effect and the projection of competition on the space where there is none.
This is why we have to reevaluate projects like Facebook's GlobalCoin and EOS' Voice. These projects are going to help us, not hurt us.
But How?
Imagine you make a Role Playing Game on Steem. You have a thriving economy. All of a sudden, bots flood your economy, undercutting all the real players in the game. It is very hard for companies to get rid of these bots, even without a huge financial incentive like cryptocurrency being attached to the foundation.
Perhaps in your attempt to thwart botting on the platform, you turn to EOS' Voice as the solution. Now you can require players to log in with Voice KYC regulations and it will be much harder for players to bot, get banned, and simply move on to a new account. Cheaters will start being banned permanently.
These are the kinds of situations where open source projects can help all the other viable projects out there. There should be no fear of another project leeching value from Steem. Steem will sink or swim on its own merit.
Conclusion
I'm not saying KYC is a good thing. In the long term, I think this is the opposite direction that we should be heading. However, this is a two steps forward one step back situation. You can't charge forward indefinitely without looking back to pick up the pieces.
KYC verification is an important part of centralized systems. Even DPOS itself sacrifices decentralization for efficiency. Eventually, we'll find a happy medium and slowly advance toward decentralization as technology and society become more accommodating.
Agree
Yeah, I think so too. VOICE will help steem. I guess a lot of people will advertise it there.
Of course, you're talking about language and not the people, so I get what you're saying. But consider this. If you have two constructed languages, say Esperanto and Klingon, I wouldn't be surprised if the groups tried to compete over which language was better suited for certain situations.
But I think what you're really observing is tribalism. I'm certain that Voice will solve certain problems better than Steem. And I'm also certain that any advantage Voice has can be leveraged by Steem. So, it all boils down to, which one do you have loyalty to. And I think loyalty in this context is kinda dumb.
If a problem can be solved better one way compared to another, why not adopt the more efficient method in that context?
Can you imagine people being "loyal" to vacuum tubes when transistors were first invented? I mean, just for the sake of "staying true" to vacuum tube technology. Sure, there are reasons to use one over the other, for certain applications.
But most people will give up a feature a in exchange for feature b with very little drama.
Efficiency is the problem itself. There is no more efficient method because the more efficient methods are automatically more centralized and prone to corruption. Otherwise there would be no alt coins and we'd just have one blockchain to rule them all; a totally antithetic situation diametrically opposed to decentralization. If efficiency is what you're going for, why even have a blockchain in the first place?
It is tribalism, but tribalism goes hand in hand with decentralization. Many people are going to pick their community and stick with it regardless of rational thought or tangible results.
Honestly I think I'm somewhat missing the point of your message. That's what I get for jumping on Steem at 2 AM after working a shift.
finally, this is what haters don't get. The wallet code is no KYC and open source. Voice needs a real KYC because of SEC regulations. Otherwise, it would work perfectly without KYC. That projects like Pal-Net or Partiko don't do a KYC doesn't mean that they operate legally.
Plus EOS with inter blockchain communication protocols is about connecting ecosystems to leverage both sites and to achieve scaling. Even the CEO of Block.One said, they will make an end to that silly tribalism. Synergism is the future of the decentralized web. The only problem we have are egoisms in power.
To exclude bots, Voice needed a way to verify that each account is tied to a unique individual. Unless the biometric data leaves the user's device and is stored somewhere, Voice has no KYC, only a way to prove that each account is tied to a real human being whose only account that is.
Your right the proof-of-life will protect from abuse and is necessary (and is no KYC). Any KYC is technically not necessary at all. Unfortunately, any centralized authority issuing tokens (VOICE tokens are issued by Block.one) has to make a KYC. At least this will bring them on the safe side.
A KYC is an expensive process so no clean company like to do KYC. But in the Telegram chat, they announced to do a normal KYC for anyone who wants to get UBI.
but again the source code for proof-of-life or at least biometric wallets is open source. If there is a side/frontend which is using decentralized Tokens (like Steem frontends), then this will hopefully work (I´m no lawyer and dont know the US laws- maybe even Steemit has to do a KYC from a legal point of view?
On the other hand they are not the issuer of STEEM) . So edicted is right, we can only profit from innovation in the space.
Then again, the issuer of STEEM, SBD and Vest is the Steem blockchain - not Steemit Inc, a legal non-entity. Not even Steem witnesses issue any tokens.
From what Blumer and Larrimer are saying in the above, the identities of individuals who use Voice are recorded by Block.One and that information is stored somewhere. This is not what decentralization is all about.
Those Steemians who have had Steemit Inc create an account for them for free have had to give their Facebook accounts or phone numbers or whatnot. But creating a Steem account does not require any kind of KYC.
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From what've understood, Voice has no KYC. What it has is what has been dubbed Proof-of-Life. It's enough to calculate a hash of biometic data and to store that on chain to prove that its source was the biometric data of a unique human being.
Yes and I'm sure no one is going to start linking that biometric data to names and addresses :D
If the system works as I've heard it works, there is no biometric data to be linked to anything, only a hash of that data.
Indeed, that makes the most sense.
But for many people term KYC alone may become a deal-breaker. Surprisingly tiny part of humans get to dig deeper in tech. Unfortunately.