I dug up some information about the chain. On the official Twitter channel of Blurt the following tweet was published:
Let's see.
A) Blurt will be centralized with the @regent account having controlling stake. The account will not have any impact on the reward pool but it will decide who get to be witnesses and which DAO proposals get funding.
B) The @regent stake will decay to zero in two years. Interesting. So, there will be a period of centralization lasting for two years and a gradual transition away from it. No tokens will be airdropped to accounts known to be controlled by Steemit, Inc or Justin Sun.
C) No downvoting.
D) No SBD, that is, no stablecoin.
E) Lower inflation initially. Inflation will go from 10% to 1% over 20 years.
My prediction is that the lack of downvotes will cause stakeholders milk the chain to abandon. There will be rampant vote selling and the author and curator rewards will be content agnostic. Fortunately, the lack of downvoting is easy to correct if it causes serious problems. A lot of people have been saying how downvoting will ruin everything. Let's see what happens when you remove downvotes.
Of course, I wish Blurt all the best.
What do you predict will happen on Blurt after it is launched on July 4?
I don't know that it solves anything for me as a blogger that Hive doesn't already solve. I just need a place to post and interact with readers. Blurt is getting into the weeds about things only a few people deeply care about.
I agree. But I think it would make sense to cross-post at least some of our content to Blurt as well, just to collect the tokens.
Will give it a try. Hopefully we can exchange our Blurt tokens for Hive on Hive-Engine.
We don't need more chains and split the hive community, we need to work together. 😄
Hive on!
Thanks for your input. What I think is that more chains means more reach. Blockchain-based social media is such a novel thing that different blockchains are really not in competition at the moment. The more people can be brought into the space the more robust it becomes.