I don't know. I don't know how much STEEM is powered up versus all the STEEM out there. I suppose it can't help, if they're actually selling it. Putting it out on an exchange doesn't necessarily mean they've done anything with it, and there's quite a bit of STEEM just sitting around in people's wallets, too, so I don't know. Only those who got their STEEM for nothing or next to nothing could afford to do anything with it now, so I don't understand the sell off. Unless they're truly trying to redistribute STEEM.
I think it's more likely that people don't know much about STEEM, and what they do is negative. Other chains do a better job of marketing even though they don't do much, and what they do is more valued than social media. There needs to be more going on here than just a bunch of people constantly obsessing over the platform, themselves and the price of STEEM.
Howdy tonight sir Glen! There sure is alot of obsessing going on. What do you think needs to be getting done? You're like a business analyst. I was really encouraged by seeing the Elizabeth Powell video from last week or whenever that was.
Well, it kind of breeds and takes on a life of its own. Millennials are pretty good at it, but so are some of the 40-somethings, apparently.
re: Elizabeth Powell
I thought it was amazing that they were able to drop the monthly of those nodes, etc. from $220,000 a month to $35,000. Just with that, no wonder they were bleeding cash. Moving the office from downtown to save on rent, I think it's great. In my mind, that's a great sign of a leader, but I'm sure it's not what Powell wants to be known for. You'd rather be the growth person, so hopefully she gets a chance to do that, too.
re: what needs to be done
Well, the community needs to stop putting all their eggs in the social media basket and start coming up with other ways to connect existing business to STEEM. We keep pointing at the value and saying no one's going to want to do that, but that doesn't mean people can't start up their own businesses, and it doesn't mean people have even tried to invite business.
It's a lot of work, though, and so I'm sure there's that, too, that people are seeing. But seriously, there's no reason why whales should be hanging around the social media side of things trying to influence what happens here so they can increase their stake this way when they could be coming up with their own non-social media ideas and doing something they're good at. :/
Howdy today sir Glen! I agree about Elizabeth Powell, it was my impression that they wanted to take care of the massive costs and get them under control and then she would start working in her field of expertise which is marketing. I also read
a post by..shoot I'm not sure of the username ...4450? something4450? lol.I feel like an idiot but you know who I mean.
Anyway that post was very encouraging, he or she said we don't want lots of people pouring in right now because they aren't set up to handle them yet anyway. And they said anything great that the "steemit killer" MEOS comes out with that steemit could be improved by would be real easy to implement here since the code is the same. So MEOS coming out was actually a good thing for steemit! lol. I thought that was amazing.
I didn't know they moved their office, where did they move to? We're talking about Austin aren't we?
The only ...4450 I can think of is taskmaster4450, and yes, he's good at positive thoughts about STEEM. I have to agree, it would take basically quite a few of us who have signed up for STEEM (active or not) migrating over to MEOS exclusively for the social side of STEEM to take a big hit.
I don't know. It sounds like the economic improvement proposal steemitblog announced being behind is coming closer to fruition, and if there's anything that's going to drive creators away from STEEM it might be that.
So, a combination of there actually being a viable place to go coupled with actions seen as hostile against the rank and file user, could be the one two combination for a mass exodus. I'm not planning to go anywhere just yet (as long as I can help it). Besides, I've got a healthy amount of SNAX tokens being built up. :)
The EIP is a proposal that trafalgar principally, and then kevinwong and others have been pitching for at least a year (maybe longer, but I didn't notice the posts until after STEEM fell and self-upvoters and bidbot owners started worrying about sustainability).
Most recently, the steemitblog came out in favor of it, even though andrarchy had said earlier he personally would rather wait to see what might happen with SMTs and communities. I guess the communications director has less pull than the devs do.
At the time of the post, it was presented for discussion only, but apparently in about two weeks time since the post it has gone from discussion to production, and will be a part of the new hardfork (21.0) that was previously reserved only for the worker's proposal that Blocktrades did most of the work on.
The EIP is basically three-pronged:
Change the current linear curve to a convergent linear curve, which means it essentially becomes linear after a certain amount of rewards are allocated to a post but is less so to start. Mvandeberg has a post out about that, too with a chart that shows what convergent linear does.
Change the author/curator split from its current 75/25 split back to a 50/50 split (it's been well over two years since it was that, I guess). The idea is, larger SP accounts aren't incentivized to curate because you can make more delegating SP to bidbots or to dApps, individuals, etc, than you can make money of curation. So, the idea is to re-incentivize curation, which means if more curation, more upvotes, so that author's won't feel the hit so much.
Create a separate downvote pool. At present, it's only suppose to allow for a number of downvotes to be "free", as in, not affecting voting power like they do now, until that limit of downvotes is exhausted, then the voting power depletion kicks in. Some versions of this have it all free, while others want downvotes to be paid, like an upvote would, I guess. As it is, any rewards allocations removed from a post goes back to the rewards pool where it becomes available for re-allocation, is how I understand it.
I'm sure you've ran across posts about this in some fashion. Whether they called it the economic improvement proposal or not, I don't know, but there's been plenty of these posts going around. Just today there's more, including from Top 20 witness Tim Cliff.
SNAX is a blockchain with its own crypto (like STEEM), that allows you to earn SNAX through tweets and the posts you make on STEEM. So, basically, as you make STEEM, you also make SNAX. So far, SNAX aren't worth anything, but dragosroua is a SNAX block producer (as well as a lower level witness for STEEM), and he seems to like the idea quite a bit (he's been running a 30-day writing contest about it).
So, just another way to tokenize what you're already doing, and with any luck, SNAX will eventually be traded somewhere and start gaining value, just like any crypto manages to do.
I don't know. I don't know how much STEEM is powered up versus all the STEEM out there. I suppose it can't help, if they're actually selling it. Putting it out on an exchange doesn't necessarily mean they've done anything with it, and there's quite a bit of STEEM just sitting around in people's wallets, too, so I don't know. Only those who got their STEEM for nothing or next to nothing could afford to do anything with it now, so I don't understand the sell off. Unless they're truly trying to redistribute STEEM.
I think it's more likely that people don't know much about STEEM, and what they do is negative. Other chains do a better job of marketing even though they don't do much, and what they do is more valued than social media. There needs to be more going on here than just a bunch of people constantly obsessing over the platform, themselves and the price of STEEM.
Howdy tonight sir Glen! There sure is alot of obsessing going on. What do you think needs to be getting done? You're like a business analyst. I was really encouraged by seeing the Elizabeth Powell video from last week or whenever that was.
re: obsessing
Well, it kind of breeds and takes on a life of its own. Millennials are pretty good at it, but so are some of the 40-somethings, apparently.
re: Elizabeth Powell
I thought it was amazing that they were able to drop the monthly of those nodes, etc. from $220,000 a month to $35,000. Just with that, no wonder they were bleeding cash. Moving the office from downtown to save on rent, I think it's great. In my mind, that's a great sign of a leader, but I'm sure it's not what Powell wants to be known for. You'd rather be the growth person, so hopefully she gets a chance to do that, too.
re: what needs to be done
Well, the community needs to stop putting all their eggs in the social media basket and start coming up with other ways to connect existing business to STEEM. We keep pointing at the value and saying no one's going to want to do that, but that doesn't mean people can't start up their own businesses, and it doesn't mean people have even tried to invite business.
It's a lot of work, though, and so I'm sure there's that, too, that people are seeing. But seriously, there's no reason why whales should be hanging around the social media side of things trying to influence what happens here so they can increase their stake this way when they could be coming up with their own non-social media ideas and doing something they're good at. :/
Howdy today sir Glen! I agree about Elizabeth Powell, it was my impression that they wanted to take care of the massive costs and get them under control and then she would start working in her field of expertise which is marketing. I also read
a post by..shoot I'm not sure of the username ...4450? something4450? lol.I feel like an idiot but you know who I mean.
Anyway that post was very encouraging, he or she said we don't want lots of people pouring in right now because they aren't set up to handle them yet anyway. And they said anything great that the "steemit killer" MEOS comes out with that steemit could be improved by would be real easy to implement here since the code is the same. So MEOS coming out was actually a good thing for steemit! lol. I thought that was amazing.
I didn't know they moved their office, where did they move to? We're talking about Austin aren't we?
The only ...4450 I can think of is taskmaster4450, and yes, he's good at positive thoughts about STEEM. I have to agree, it would take basically quite a few of us who have signed up for STEEM (active or not) migrating over to MEOS exclusively for the social side of STEEM to take a big hit.
I don't know. It sounds like the economic improvement proposal steemitblog announced being behind is coming closer to fruition, and if there's anything that's going to drive creators away from STEEM it might be that.
So, a combination of there actually being a viable place to go coupled with actions seen as hostile against the rank and file user, could be the one two combination for a mass exodus. I'm not planning to go anywhere just yet (as long as I can help it). Besides, I've got a healthy amount of SNAX tokens being built up. :)
Howdy again sir Glen! yes, taskmaster that's the one. very encouraging posts.
But what is the economic improvement proposal?
The EIP is a proposal that trafalgar principally, and then kevinwong and others have been pitching for at least a year (maybe longer, but I didn't notice the posts until after STEEM fell and self-upvoters and bidbot owners started worrying about sustainability).
Most recently, the steemitblog came out in favor of it, even though andrarchy had said earlier he personally would rather wait to see what might happen with SMTs and communities. I guess the communications director has less pull than the devs do.
At the time of the post, it was presented for discussion only, but apparently in about two weeks time since the post it has gone from discussion to production, and will be a part of the new hardfork (21.0) that was previously reserved only for the worker's proposal that Blocktrades did most of the work on.
The EIP is basically three-pronged:
Change the current linear curve to a convergent linear curve, which means it essentially becomes linear after a certain amount of rewards are allocated to a post but is less so to start. Mvandeberg has a post out about that, too with a chart that shows what convergent linear does.
Change the author/curator split from its current 75/25 split back to a 50/50 split (it's been well over two years since it was that, I guess). The idea is, larger SP accounts aren't incentivized to curate because you can make more delegating SP to bidbots or to dApps, individuals, etc, than you can make money of curation. So, the idea is to re-incentivize curation, which means if more curation, more upvotes, so that author's won't feel the hit so much.
Create a separate downvote pool. At present, it's only suppose to allow for a number of downvotes to be "free", as in, not affecting voting power like they do now, until that limit of downvotes is exhausted, then the voting power depletion kicks in. Some versions of this have it all free, while others want downvotes to be paid, like an upvote would, I guess. As it is, any rewards allocations removed from a post goes back to the rewards pool where it becomes available for re-allocation, is how I understand it.
I'm sure you've ran across posts about this in some fashion. Whether they called it the economic improvement proposal or not, I don't know, but there's been plenty of these posts going around. Just today there's more, including from Top 20 witness Tim Cliff.
oh, can you give me a thumbnail description and purpose for SNAX?
SNAX is a blockchain with its own crypto (like STEEM), that allows you to earn SNAX through tweets and the posts you make on STEEM. So, basically, as you make STEEM, you also make SNAX. So far, SNAX aren't worth anything, but dragosroua is a SNAX block producer (as well as a lower level witness for STEEM), and he seems to like the idea quite a bit (he's been running a 30-day writing contest about it).
So, just another way to tokenize what you're already doing, and with any luck, SNAX will eventually be traded somewhere and start gaining value, just like any crypto manages to do.
Kind of like what these are meant to do that Asher created.
!ENGAGE 100
Here are your
ENGAGEtokens!To view or trade
ENGAGEgo to steem-engine.com.