I think the good news is that after the launch of SMT's, the @steem blockchain will pretty much be a finished product @therealwolf @exyle. There might still be updates after that but not nearly as many.
@ned will continue developing on the blockchain through his new venture, Destiny.
@steemit may not have had the insight or willingness to sell enough of their Steem at high prices but @ned had enough insight to sell over $1,000,000 USD worth of Steem above $1.00 USD.
I think that move is enough to continue the development of Steem since he can likely use some of it to launch Destiny. Destiny should be more of a for profit business with a sustainable source of income since they will likely take a % of the rewards gained through their Dapp.
Amazing comment here, Chris
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Thanks @kenmelendez. 😊
There's still a lot of work to be done Chris, but a little optimism is welcomed.
Hopefully they are keeping enough developers on board to complete the SMT's.
If @steemit can make it to the launch of SMT's it should be enough to survive. Then @ned's Destiny and other Dapps will be able to thrive.
There should also be Hivemind / Communities / Oracles and that's only in the first wave... Work never ends on a new technology.
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What if @steemit found a way to monetize the nodes? @gadrian @exyle
@ned can create a section on all the Dapps including Steemit for advertisements but the ads would be paid for in fiat.
The advertisements would be limited to user profiles and Dapp websites like @steemmonsters @dstors and @appics but the fiat generated from those ads would be paid to the owner of the node, not the Dapp website/app owner.
If it's possible to do this without any of the Dapps bypassing the advertisements, Steemit could start generating income in fiat and it would encourage Dapp owners to run their own nodes so that they could tap into that additional source of revenue.
The goal would be to make creating and operating Dapps more profitable and it would also make it easier for companies to market their Dapps.
I can imagine companies like Gatorade and Johnson & Johnson creating their own Dapp with their banner at the top and elsewhere in their Dapp to market their products - the creation of social networks would no longer be limited to IT companies, it would be a form of advertising.
TAG: @kenmelendez @nathanmars @therealwolf @surpassinggoogle @blockbrothers
P.S. Let me know if you think it's a better idea to require advertisers to pay in Steem or SBD.
I wouldn't recommend pursuing such an approach with ads. Already a sensitive topic, but this way would create even more discontent.
If ads will be considered, I believe the best way to do it is to offer an official way to boost posts in the trending page (but marked as advertised), as well as maybe sell text ads or banner ads on the same trending page.
Implementation should remain Dapp-specific, maybe some of them would prefer to go the no ads roads and take beneficiary rewards, for example.
I agree pricing should be in fiat for ads, for now, if added. Simple payment processors and advertising stats should be provided.
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But if all the other Dapps besides @steemit decide to not show ads on their site or app, it would cause a problem since most of the Dapps are using nodes operated and paid for by @steemit.
I agree Dapps should be able to opt-out but only if they are using their own node.
I also agree with your idea about placing the ads on the trending page and I hope @ned will consider this.
In general though, I think the team should find a way to monetize nodes so that it becomes profitable to operate and maintain nodes, at least in a good amount of cases.
Yes, if money run out, it will be impossible to run free full nodes of the size of steemit's. That's a real problem, and I'm not sure ads would make such a big monetary impact to support these kind of costs.
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yeah I heard Ned speak about that hivemind I'll be reading into that.