STEEM to be rated by China's Ministry!

in #steemit7 years ago

Our beloved currency and 27 others will be rated by China's Ministry in the upcoming days.

It was not specified how the rating criteria will be used and how projects will be ranked but its going to be listed soon on official site.

Original report - http://www.ccidnet.com/2018/0511/10385800.shtml
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One of those is said to be STEEM, sadly Google Translator changes names of most coins.


I think Stimco is STEEM.

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Based on the rating we may see nice gains (or dumps) in those listed.

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Don't know what to make of this. What will they do with the rating? And what ministry will be doing the rating?

damn i wish i can read Chinese as good as i read and write English.

EDIT: Just done reading the source article.... Holy shit it was a fucking nightmare for me to understand it with my sub-par chinese literacy.. this is what i gathered

  • The research is spearheaded by a private company called "Cite".
  • It is collaborated with various tech experts, professors and research institutes in China.
  • It is under the oversight of China Telecommunications Development Research Institute/(Department)?
  • The research is to select the best blockchains for different industries within China, including Banking, communications, governance, finance, Transportation etc..
  • Cite company will handle all international communication with the organization behind each blockchains.
  • They aim to find the best blockchain that has the potential to incorporate AI, Big Data
  • All current blockchain are deemed "insuffifiently developed" for their needs, the research aims to select the best blockchains that they can further develop on
  • Criteria includes - Most disruptive tech, open source, has an official organization that is easy to communicate with, easy to setup nodes...
  • More updates will be relayed via the China Telecommunications Development Research Institute government website.

I can confirm that the term "斯蒂姆币" translates to STEEM. It literally Transliterate to "Szi-Tee-Mu Coin"

Hopefully Steemit.inc can find a way to correspond with them. Of course, i wont put too much hope for anything other than media hype from this...

Thanks for the translation/TLDR! It will be very interesting to see the results from this, and how it will affect the "chosen" blockchain(s).

indeed. I dont think it would directly affect the chosen blockchain in the short term other than probably some media hype. More than likely i think they will try to come up with their own blockchain. Maybe this research is to learn from these open source project and what makes them tick?

But if i am wrong and the whole nation of China decides to adopt a certain blockchain though......

Steem will be bigger than china one day

I really can wait, how many billion people

Everyone on the planet will be on steem

That would be nice many advantages

That would be pretty amazing! It has a huge potential, but we are still a long way from having more members than all of China.

公有链评估对象的认定标准:一是具有自己独立主链;二是公有链节点可自由创建;三是具有公开的区块浏览器,区块信息可查阅;四是代码开源;五是拥有项目主页,项目团队可联系。

You "think" Stimco is STEEM? Lol me too?

Nope I think!

This could be huge... (Rushing off now to buy the domain Stimco.com :)

I had to check if you actually bought it, but it seems like it has been operating since 1998! I guess you're 20 years too late to get it :P

Haha! Yep there's a real business there :P

This comment has received a 0.70 % upvote from @speedvoter thanks to: @everything-4you.

Well, since STEEM is resistant to censorship, I dont expect a high rating from China government ;) (but China itself is awesome though) tipuvote! 1

China is bringing more positivity towards blockchain. We could see lambo in a voming years. The government are now getting on a trending technology of transparency

Hi @kingscrown! You have received 1.0 SBD @tipU upvote from @cardboard !



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