You are viewing a single comment's thread from:

RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?

in #steem7 years ago

Your fist proposal, Steem: where your words have value, jumped out at me because of the similarity between that phrase and other blockchain applications that are coming online to take advantage of that. https://yoyow.org/index_en.html for example. There are a lot of similarities to steemit from what I can see, but the interface is more appealing. I also don't know a lot about crypto but ats-david's point about the 'ninja-mine' where all that value is held by the organization would also cause people to pause before investing.

Sort:  

Early last year in 2016 there were 4 potential companies that were suppose to create a social network blockchain, only 1 pan out, Steem.

There are now dime a dozen, most claiming to use ETH for payment, most using ER20 to get funding because it's easy to do so. Some will end up to be scams to capitalized on the ICO market as they have little hope to deliver, some will not be able to pull it off even if they make a sincere effort, others will end up copying exact same ideas and will surely fall short of 50-90% of their promises (gui or otherwise), and ALL are learning from Steem and trying to create something too specific (vs. Steem blockchain is generic for different kinds of media) and if they do it from scratch it's unlikely they can succeed as blockchain coding is no small feat (Steem was developed for over 1 year before the launch in April 2016). These days.....it's all talk and marketing, and there is not even 6 months of serious coding before the promo.

Most likely they will come up with a gateway product which makes me question if it's really decentralized then, meaning they tax everyone upvote and payout like 10% or some nonsense like that.

However, I can imagine someone coming up with a Steemit clone, like Golos, rebrand it, and market the hell out of it, but even then, how will they get the backing of freelance and opensource developers besides their paid coders to grow their coders?

No blockchain will grow without community participation, if you have to pay people to run witnesses or to mine, then it's looking centralized.

As for the ninja-mining, I'm not quite against it, it's very expensive to run a development house and basically Steemit Inc did not have a strong ICO market to depend upon when they started. They need at least 30 to 50 Million to build Steemit 2.0 & SMT Oracles, and then full non beta Steem & Steemit.

(note: we do not want Steemit Inc. to run out of money like BitShares did, that would be really bad!)

Also they are giving 0.5 Steem away to each account, that's means if they keep 75% for new accounts, they will have nothing left to give out after 50-100 Million people join. So it will work out when the masses comes in.

If you like the display, goto https://www.busy.org and login with your Steem ID. Personally, I prefer clean look and more details (like upvote % break down using the Steemit plugin and more user information like steemd and steemdb) than a fancier layout with less details

There are alot of room for improvement, I do want to see more games embeded, there is 1 already via a plugin, and I want to see chat embeded, and also it does not hurt to have Steemit Inc. support the development of eSteem the app for iphone and android, currently it's a 1 man developement team.

Note: We are still in Steemit beta. Steemit 2.0 is coming when Steem 2.0 is launch next year, you can count on that.

Your words speak to me. Maybe out of hope maybe much like a escort you say the right thing at the right time, but I do like it. I think future for steem is bright.

hahah....glad to be an encouragement. Go buy a few more K of Steem.

You're children will beg at your feet not to be cut out from their inheritance.