This is purely a speculative article on my part based upon what Eric Stenson, one of the co-founders of Manna, said in an interview last week. However, based upon his words, it makes sense that this is something they could be looking at going forward.
Reasons I Believe This
Manna just opened up an account and joined Steemit. They are posting on there while making the point clear they are looking to support the STEEM community.
Both men in the video, Eric Stenson and @scottsantens, have STEEM accounts. @scottsantens recently joined Manna as an advisor.
In the video at the 2 minute mark, Eric mentioned Mannabase being not only a place to send/receive Manna, but also turning it into a social media platform.
At the 3:20 mark, Eric mentioned eventually being able to blog on Mannabase "similar to what you can do on Steemit". He also mentions giving Manna to bloggers who create content. Sound familiar?
@mannacurrency/20180413t103301269z
Those are his words. Is it possible the team at Manna discussed moving their operations onto the STEEM blockchain? Did they take a look at the Smart Media Token white paper to realize what they could do? It is interesting that Eric mentioned Steemit and doing the same thing on Mannabase. While it is entirely possible they design something from scratch, why would they do that when the content/reward system is turn key simply by going on to this blockchain?
Actually, this move does make a great deal of sense for Manna if it is pursued.
Why This Makes Sense
- Manna wants to have tens of millions of people receiving their basic income. Since it is distributed on a weekly basis, this means that at least once a week, without any other transactions figured in, there will be millions of transactions just from the distribution. We know that the only two blockchains that can handle that volume at this time is STEEM and BTS (BTS doesnt have a social media aspect to it nor the content/reward system created).
We know how ETH, BTC, and LTC are not equiped for the traffic that is being sent through today let alone down the road.
According to http://www.blocktivity.info, STEEM is processing more transactions than all others combined while using .16% of its network capacity to move 1.6M transactions. ETH is at 56% usage at just over 750K.
If Manna takes off like the co-founders envision, there is the potential that 50M transactions a week will be done in that currency. STEEM is a blockchain that can handle that volume, the others cannot.
No transaction fees: Manna is targeting poverty where every cent counts. Using a network other than STEEM means transaction fees are involved. While it is a much smaller amount than what the banks charge, it is still more than zero. This can be eliminated on the STEEM blockchain by holding STEEM for bandwidth. This way people in poverty stricken areas are not penalized for sending Manna.
STEEM already has a built in content/curation reward system that is tested and proven. Steemit already went through the trail process of trying to get the payouts balanced. While not perfect, I know there were different models tried. Now, any application that joins this blockchain has the option of altering the ratios while leaving the same basic system in place. For an outfit like Manna, who I presume personnel is a challenge, having a "turn-key" is of great appeal.
If the goal is to have Mannabase as a social media platform where people can blog and get rewards "similar to Steemit" wouldn't using that same system be prudent? I think it makes total sense and can see thinking if Manna is looking in this direction.
It only makes sense to leverage the STEEM ecosystem. There are close to 1M users on STEEM and it is a number that is growing. Over the next few years, millions of people from all over the world are going to sign up here. While Manna deals with real world problems, a great deal of our communication is done online. STEEM has the goal of tokenizing the Internet. If it moves towards that end, STEEM will have a huge ecosystem. Being a part of that allows Manna access to many of those same people. Plus, STEEM is having success entering the 3rd world nations with strong communities forming in Indonesia, Nigeria, and other African nations.
Three second transaction time: This is crucial if Manna is serious about being a currency that is used for payments. One of the drawbacks to BTC and even ETH for this purpose is the time it takes to send a transaction. Even without waiting for the network to open up, it takes minutes to send something. That is unacceptable as a method of payment. While those other blockchains are working to correct the problem, STEEM already has the answer. Three second transaction times means there is near instantaneous transactions. Money should operate like this.
Many Steemians are also involved with Manna. While the numbers are still small overall, I see more people posting referral links on STEEM. Manna has caught the attention of many on here. This is not surprising since STEEM is advanced in terms of the crypto knowledge that exists. Being involved on this blockchain means one is involved with crypto since that is how the system pays out.
The STEEM community is loyal, strong, and caring. This is one of the biggest advantages to STEEM. People do ultimately care (at least a portion of them). Manna is looking to move the world more towards a 5D reality. To do this, lifting up humanity is crucial. Providing a system where some abundance is offered to people is one of the primary steps that need to be taken. STEEM enables people to earn money by being active. Manna provides people currency simply for breathing. Together, in my mind, they create a solid foundation in the effort to move away from the scarcity model society presently operates under.
As I said at the start of this article, this is total speculation on my part. However, bringing Manna to STEEM via the Smart Media Token protocol makes complete sense. Since Eric brought up the idea of Mannabase being a social media site while allowing the rewarding of blogging, I drew the parallel. STEEM was created to put social media on the blockchain. If Manna wants blockchain-based social media, I would think STEEM is the place to be.
Could this be what the Manna team is thinking?
It will be interesting to see if they are.
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