The U Network platform is much more than a “better steemit”, better comparison would be steemit+nasdaq.
>The goal is to create an efficient content-value driven prediction market >If a user finds the current upvotes (price) is lower than their predicted price or valuation, users can ‘upvote’ to ‘long’ the content. >Every ‘upvote’ would cost a small amount of Sugar (or equivalent points). >In this way, users participating in this prediction market have a chance of gaining profit, as a reward for them discovering quality content.
There is incentive for both large corporations and small independent creators to use this platform. Content can be released, users long their own posts and pay for marketing efforts to gain exposure and rise in popularity. Since they are essentially opening a long, once they close their position they have: 1. recouped marketing costs 2. generated massive exposure 3. possibly even turned a profit
Every single post on this platform becomes a speculative asset. The way that companies profit from social media now is very inconsistent and messy. This concept is essentially social media shifting to direct value.
In a lot of ways this could boost the industry, and open up more diversity and creative freedom for content creation. As valuation becomes more accurate and the system rewards what people genuinely enjoy, the content and approach will shift. Very interesting to think that there will be a niche of people constantly betting on these social posts trying to profit; but really, our speculative shitcoin tech is not much better.
The concept is concrete and just like crypto, rapid adoption comes when theres superior profit potential. This is the creation of a new social futures market very similar to tokenized assets.
Idk about price but this is just a fundamentals analysis, its a really strong concept in theory.
Nolan Collins
I dont think so, 30sat is just utopia user. Got some at 50 sats and I'm feeling comfy.
Evan Sanchez
This, aim for the lowest average buy, much volatility.
Mason Brown
no fool, when something is down and in the red, not when it's green dont you know how to make money user
Asher Cook
Yes user and that's the problem
These guys aren't aiming to have their site up until August 2019
That's about 1000 years in the cryptoworld
If you have the patience to sit on this, good for you.. but the opportunity cost includes many many moons in other coins with faster and bigger announcements
Easton Reed
They are 8 months ahead of schedule, so that would set their new date around christmas 2018.
Charles Price
>deposits on bibox gets fixed >uuu instantly starts recovering
yeah the timeline got pushed up, if all you worried about is the website launch you must not know crypto. cough cough EOS cough cough Cardano cough cough. Also all you need is one good moon, if you just held eth alone till it hit 1k missing those other moons would be worth it. Same with neo, etc etc
Dominic Gray
dapp released on May 2nd though, but totally agree we have to see a product.
