I think overall this is a pretty good post and I do commend you for going into more detail about the issues that occurred on launch which continue to plague this platform. Most the time everyone just tries to sweep all that under the rug and pretend it didn't happen and then if a peep comes out of my mouth how ridiculous it is I'm just a complainer. I have often wondered how many of the Witnesses were employees of Steemit INC. I didn't even realize that @roadscape was.
Again the write up was good but I was triggered the entire time as well. I don't know if we can really consider the other ways to connect to STEEM DAPPS. They are important and have made some really great progress on what they are doing but for all practical purpose they are just a different entry way to read and write to the blockchain in the same way essentially. It would be different if it was set up more like EOS or Ethereum where contract code can be uploaded to the user account that would totally add different functionality programatically. Like suddenly someone's account on here could be a blog but someone elses account could be like going to a website essentially that would have an interactive game.
I laughed when I saw the thing about Steemit INC hiring. They always seem to pretend to be hiring all the time. At least Austin, TX is more enticing to most people than Blacksburg, VA if they ever do get around to hiring anyone. (Yes I saw they hired a CFO)
In a lot of respects I somewhat consider this post a throwback post.... like a circle jerk post from 2016 when we were all excited and the first massive dump was occurring. But the reality is the price is lower now than it was 2 years ago.
Let's be real. There are probably about 100 people involved in this entire thing that have made enough money from it to say it was worth their time. As far as content creators are concerned there have probably been less than 10 people who it turned out OK for them. Then there are the witnesses and the founders / employees / early ninja miners.
That's terrible..... and it is getting worse. As time goes on there will essentially be no content creators who can come on here with $0 and earn enough for their efforts to support themselves. That isn't good for a supposed content platform with a crypto worth over $250,000.
SERIOUSLY...... no one on this platform can support themselves unless they power up a fuck load of money like @jerrybanfield did or @exyle . Then it is a question of when you are going to get dumped on..... not if.... when.
Then let's pretend the top 40 witnesses are profitable. It ends up being a good deal for them and then let's pretend 10 people end up making anything worth their time blogging and then we add in the whales, founders....etc.
YOU KNOW MY BIGGEST WORRY....... I can't really pitch STEEM because there is too much of a chance people who invest will get dumped on and if they try to blog they will have wasted their time as well when the price implodes.
So I have reached out to @jerrybanfield about reactivating his Witness node and I will manage it and try to climb from 35th on back up. Clearly it is a waste of time for me to run a witness node unless I can work a deal with him to be in that slot.
Most of the witnesses don't have any real incentive to seriously solve the issues here. So at the end of the day you guys can just keep collecting your handsome rewards.
I don't even know why I read the post or typed any of this shit out. I'm just wasting my time here.
It would be different if it was set up more like EOS or Ethereum where contract code can be uploaded to the user account that would totally add different functionality programatically. Like suddenly someone's account on here could be a blog but someone elses account could be like going to a website essentially that would have an interactive game.
Check out https://steemit.com/steem/@steemitblog/steemit-interviews-steemmonsters, including the part about 'soft consensus'.
They have already hired quite a few people actually. I've talked to some of them.
I was making decent money here as a content creator, even before I was a witness. Nothing to quit my job over, but it was a nice 'side hustle' that was worth my time.
I do not argue though the fact that earning as a content creator here sucks, and a lot of improvement is needed on that front. I'm hopeful that with communities/hivemind, we will see improvement in content discovery, which should hopefully help a lot. We'll have to wait and see though. SMTs also have a lot of potential too.
I guess I do not see this. Anyone with a large stake has had plenty of opportunity to dump at this point, even at significantly higher prices than we have today.
You are talking to one who does.
I think that the SteemMonsters situation is very perplexing and intriguing at the same time. I never got into Magic The Gathering so SteemMonsters wasn't necessarily up my alley but when I look at it I'm not entirely sure how the game play is really going to work or how the game play would take place online.
I can imagine maybe some mechanism where they were on a centralized server and how people could play against each other with the cards. I don't really know how they are going to do it.
I'm actually being neutral about that project and I'm blown away by how much they earned selling those cards when the game play wasn't announced and there doesn't seem to be a way to play the game yet.
The community is certainly the most powerful thing here and SteemMonsters seems to have effectively leveraged that fact. It will be interesting what they come up with. In my mind it would make more sense to build part of this on the EOSIO software using the Non-Fungible Contract Code.
https://github.com/unicoeos/eosio.nft
But again I don't know their exact plans and all that.
The jury is still out on communities/hivemind and SMTs in my mind. I just don't know exactly how it will change the game. In some respects I think SMTs could be a great thing or just further fracture off different platforms and the reward pool would be pretty small over on the different 3 party sites. I just don't know. It will be interesting.
A lot of the dumping can happen repeatedly like we see with Dogecoin or other cryptos. They can go in and out of it and really effect the price. There is too much power in too few hands...... plain and simple.
STEEM is technologically the #1 crypto in my mind. It is better than EOS because of the more extensive code base and relative ease of use to be on here interacting with the blockchain.
That being said I wouldn't say that it is "undervalued" There is a reason that it has slipped from #3 position on CoinMarketCap to #37. The market has spoken and the vast majority of people's experience on here hasn't been enjoyable. That is why the attrition rates are so bad and they always have been.
You might have something to lose if this doesn't work out. I'm not really sure. I know I have essentially lost money here and devalued my time so bad it is terrible. That is what happened to the majority of us.
No disagreement from me on that. The only real solution to this though is going to be new hands coming in.
Well, you are still here. That says something ;)
We would probably agree point-for-point on most of your complaints and issues with the platform. There is no doubt that the state the project is in today is not going to lead to mainstream adoption.
A lot is happening though and there are many efforts underway that I think have potential to change a lot of the things that are wrong. I'm pretty bullish on the platform as a whole based on where I think it will end up in the next 1-2 years.
I feel that my airdrop solution from Steemit INC is a plausible solution but I don't think they will do it in a million years. It will attract new people as well but I just don't like the feeling of solely trying to bring new people in to invest money in the project as a way to get us out of our investment. That is why I think there has to be additional revenue streams like Ad Revenue. Why is Twitch, YouTube, Facebook, Snapchat, Instagram, and Twitter using those models? There is a lot of money in it. I feel we can have the best of both worlds. Ad revenue Plus Crypto...... it could be the best of both worlds.
I'm extremely stubborn and also I have been researching what has worked and what hasn't and ultimately will take those findings to a new chain / platform. Steemians with a certain rep and a relatively small stake will get an airdrop on the new platform as well as EOS holders. Not a 1 to 1 distribution. An equal distribution to try to get things off on the right footing.
The community that has been built here has always been the most powerful thing. I won't forget about the Steemians
Re: advertising - stay tuned for my next post. I have something that’s been in the works for a while :)
Sounds interesting. I will keep an eye out for it.
Why would you want to run a witness on a site that you can't "pitch". Why would anyone want to vote for your witness on a site you can't pitch.
Only 28.4% of Steem is liquid, so it is one of the least dumpable tokens. I've made $15k ish blogging in my spare time without any special skills. I don't even pretend to be good at it. I've been on Trending exactly once when the reward pool was broken. lol.
I get between 20-100 comments on nearly all my posts. I am not sure what experience you are having or what your expectations were, but I see it differently.
Because if I was able to run a witness here I could end up in a position to make a bigger difference and hopefully those differences would eventually make STEEM pitchable. There are a lot of people who would want to vote for my Witness because they know I'm someone who isn't afraid to ask the hard questions and go to the problem and make a problem. Example: @charlieshrem is collecting witness rewards still but is too embarrassed to even post his blog on here so he posts it on Medium.
https://steemit.com/steem/@brianphobos/steem-witness-blogs-on-medium-instead-of-steem
Also I'm willing to be on videos and be front and center at events and have the technical ability to run the witness and seed nodes and also contribute additional testing and issue solutions like I have done for EOS recently.
https://github.com/EOSIO/eosio-project-demux-example/issues/25
There are a lot of people who want to see me in @jerrybanfield 's old witness position.
https://steemit.com/steem/@brianphobos/response-to-jerry-banfield-s-exit-from-steem
The common trend though is it isn't people with super high powered accounts. It makes sense. The high powered accounts just hang out with each other and trade votes and with no vote decay on the Witnesses they just hang out there indefinitely.
I'm glad you have had a good experience on here but a large percentage don't have a good experience and that is why the attrition rate is terrible and we have dropped from #3 on CoinMarketCap to our current position.
We need some Witnesses that are willing to get in there and ask the hard questions and call shit out and also get work done and be supportive of this community.
Does it make sense that @furion is still where he is at when he is working on another project and doesn't do anything with STEEM? Does it make sense that a lot of the witnesses are using their rewards to fund their EOS development?
The whales and Steemit INC has spoken! Solidifying the slippage further down on the CoinMarketCap list.
At this point it becomes timing your entry and exit right and trying to not get dumped on and devaluing your time too much.