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.