To be honest I'm embarrassed @JerryBanfield has actually reached the top 20 witness pool as not only does he get insane rewards for running a few servers, he also continues to misrepresent the Steemit Community with his ridiculously upvoted posts.
He is not 'GOD' on Steemit and there is no Halo around his head, although he'd lead you to believe it is so.
So rather than contribute to his work, by adding any sort of comment to his post I'm going to address his 25 Commandments in this little post. (I wish I had the funds to upvote this higher than Jerry Banfield's Mega post to prove a point, but no doubt this would also fire up @berniesanders too)
I'm Calling Bullshit on this one, Jerry Banfield
And fortunately, Jerry get's his minions to transcribe his videos so I never have to watch them :-P Sorry @dlive but I won't be using your service today!
So the title of the post is
25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!
Now, it's a little clickbaity wouldn't you say?
Steem isn't likely to become the number one currency within 3 years, as this title is likely to be handed to tokens like Ethereum or derivatives of it.
Sure we might eventually pass Bitcoin but this doesn't automatically give us the #1 title position. In the next 3 years, we'll need to be better than the next 3 years worth of innovation that has yet to come.
That said I believe we'll eventually be in the Top 10 Cryptocurrencies, but #1 in 3 years is just click bait.
The crypto that wins this race is the one with mass adoption and we're still a long way from this. I'm afraid to say 60K active daily users still isn't the critical mass we need to surge ahead of the pack.
But's let humor Jerry and have a look at hit 25 commandments in detail.
1. What truly provides value for a blockchain and a cryptocurrency?
All the time, energy, and money I invest into Steem adds value to it alongside what millions of us are contributing from reading posts on steemit.com to watching live streams on @dlive to buying Steem and SBD on exchanges to talking about Steem with our friends and family.
Why does Jerry need to constantly remind us of how much 'he' contributes to Steem by pouring his time and money into this platform? We are a community and we all contribute to making the platform what it is.
2. The Truth about Transactions
Yes, we have proven we can handle the most simultaneous transactions on a blockchain, yadda, yadda, yadda, but we aren't comparing apples with apples. Most of our transactions are with words, comments, upvotes etc. and not the monetary transactions that reside on other blockchains.
Honestly, until we're continually in the Top 10 by trading volume on the majority of exchanges and are still only worth a few dollars can we be labeled as undervalued.
3. Smart Media Tokens
Yes, we've heard a lot about SMT's but until they've been released, we can't rely on them driving us to the No. 1 position in the crypto world.
And yes, they will provide value but the unanswered question is how much?
4. Surviving a 98% drop isn't a reason why we'll be No.1 in the future
I'm totally calling BS on this suggestion. Come on Jerry lift your game. Surviving a 98% drop just means we've survived and have resilience. Nothing more.
5. Within just two years, we already have nearly one million accounts
But with 60K active daily users, this doesn't sound like we've reached critical mass does it? 6% of created accounts using a social media platform on a daily basis isn't a reason we'll be No.1 in 3 years.
6. Becoming the home of ICO's
Again, the smell around some ICO's will eventually linger here and the Steemit might become a little on the nose for some in the mainstream. And being able to buy your way to the top of Trending via bid bot's isn't a plus for our community. It's a negative unless you actually own a bid bot.
Oh, wait Jerry does and it supports him as a witness so the more powerful his bid bot becomes, the stronger his witness position is.
Well played Jerry, well played.
And for the record Google and Facebook, are banning said advertising because many ICO's are just selling pipe dreams and will never amount to anything useful.
7. The Eco Blockchain
I have to agree with Jerry here. Surely, the excessive power consumption of Bitcoin will eventually, become its downfall. The world is moving to more greener pastures, whether we like it or not. And the Steem Blockchain is well positioned to take advantage of a low power economy in the future.
8. Bloggers Love Posting on Steem
Yes, us Bloggers love posting on Steem because we can get a decent backlink from a Top 1000 domain, but we're also aware that posting similar content to our blogs on Steemit put's our own blog at risk of being bumped in Google Search Rankings by a higher ranked domain such as Steemit. It's a catch-22.
Bloggers don't enjoy the control on Steemit, when they can command their own blog
9. Being Featured on Wired isn't groundbreaking
OK, so we were featured in an article, Wow!
But how is the estimated hundreds of daily visitors from said article going to drive us to a No.1 global position in crypto? It's a lame argument at best.
10. First Mover Advantage
The first mover advantage goes to Bitcoin. So what's your point?
Are you saying Bitcoin will be the No.1 cryptocurrency in 2021 because they were first?
11. Live Streaming is Handy
Yes, @dlive is impressive and could offer endless opportunities for live creators if they decided to make the jump from Twitch, but people go where the eyeballs are and as yet, they aren't pointing in our direction.
12. Open Source is still a small movement
If you ask anyone on the planet, about which Open Source technologies they use, few will be able to answer you. Open Source is still a niche marketplace and isn't big enough to drive us to the No.1 position and time soon.
Although @uptopian-io is a valuable contribution to the Open Source Community and will help to bring more exposure to Steem over the coming years.
13. 14. 15. 16. Steem Platforms are Awesome!
Come on, you only name drop @dsound, @busy.org, @futureshock, @esteem, and crew because you want their vote for your post or as a witness.
Which of these platforms has actually 'popped' with mainstream attention?
Having somewhere to play, doesn't mean you'll get a crowd to watch you play.
Of course, I'm just bitter you didn't mention @blockdeals because we're building a real-world deals website that actually has a solid plan to become the mainstream entry point to Steem in the near future. Watch this space.
17. Facebook and Youtube aren't sweating on their loses
Nice article by the way, but Furious Pete is also at a crossroad because Youtube still pays consistently over @dtube rewards. And until this is fixed, only disgruntled or banned users are making the switch to the Steem alternatives.
Hardly, a reason to rejoice.
18. Investor incentives
Yes, we know your voting bot pays higher rewards, and the more powerful your bot the higher you move up in the witness ranks. We get it.
But, we'd prefer investors to upvote quality work and earn curation rewards rather than give it to bid bots for exploitation by greedy ]bloggers](https://steemit.com/dlive/@jerrybanfield/3ffc3520-426a-11e8-836a-b9befc1a6029).
I'd hate to think anyone with over 26K followers would need to upvote their content by over $1000 just to get on top of Trending.
How many active followers do you actually have Jerry?
19. More Bid Bot Promotion
Again, Bid Bots aren't the evolution we're looking for.
20. We are good at communities
Yes, I agree, the communities you mention https://minnowsupportproject.org/ lead by @aggroed, @ausbitbank, @someguy123, @teamsteem, @thecryptodrive, @canadian-coconut, @followbtcnews, @netuoso, @reggaemuffin, @drakos are helping to grow Steem.
And I can link drop too!
But how much have you delegated to said communities? http://www.steemreports.com/delegation-info/?account=minnowbooster
I can't see your name near the top of the list.
Oh wait! You did delegate 1000SP. Well done.
21. Exchanges + Steem
Getting Steem on exchanges only helps our cause when there is enough volume to sustain us in the Top 10 traded volumes.
It's hardly a reason to celebrate, then use it as reasoning for us to become No.1 in 3 years.
22. Transaction Transparency
No shit Sherlock!
It's called the blockchain, and blockchain explorers have been around way before our genesis block.
23. Smartsteem is our savior
Again just more link dropping to get @therealwolf to vote for your post. Admittedly, SmartSteem appears to have more going for it than your bid bot.
Here's a call out to the Top Delegators to the @jerrybanfield bot to switch to Smartsteem. Even Jerry says it's a good idea!
@freedom, @livingfree, @coininstant, @jasonclay, @joeparys, @captaincanary, @jefflutz62, @skenan, @jeff-55logclub, @honusurf, @drorion, @iansart, @e2mmzw02giw2wvm, @good-fellow, @prosirius, @xauxag, @tomasgeorge,
gmichelbkk, @rfiser51, @tastetwist, @kdtkaren, @aruliard, @inventor16, @dhn0411, @boaz-os
24. Visting JerryBanfield's Top 25 post will make us No1. in 3 years.
Obviously, at this stage, he was running out of ideas and just thought he'd promote one of his posts to get a little backlink action. It's hardly a reason why we'll be No.1 in 3 years.
25. A final link drop
Yes, @ausbitbank also get's a mention here. Maybe he'll vote for you as a witness and secure your position in the top 20.
Or Maybe he won't.
Summary
Yes, I'm calling Bull Shit on Jerry Banfield and his attempt to convince us we are going to be the No.1 cryptocurrency in 3 years time.
Personally, I'd be happy if we were just in the Top 10. Because nobody can predict what's on the horizon in the crypto space.
But one thing is for sure, we need to continue to Evolve or Die.
And this is largely in the hands of Steemit INC. and major players like @ned and @sneak and the witnesses who will ultimately decide how we proceed from here.
Let's roll out Hard Fork 20 as soon as possible, and start Steeming ahead!
PS:
And just for the record, someone with 233,987 subscribers on Youtube should get more engagement than this wouldn't you say?
How popular, really is this guy?
Just saying!
Main Image Source
Vote selling bots are cancer for the steem ecosystem. From what I've seen it reduces manual curation and engagement, and the quality of content suffers as a result.
Not to mention the fact that they are a transfer of wealth from the bottom to the top...
If it weren’t for delegation, most of these bid bots wouldn’t exist. They’re run by users who have mostly invested nothing. They either begged for delegation or are renting it, with no accountability from either party.
This can be directly traced back to HF 18 and 19. Reduced accountability and disengagement followed by increasingly lucrative spamming and self-voting. And it’s done wonders for us as a “social media” platform.
And for the record: Fuck Jerry.
I called out this douchebag when he first arrived. The fact that he’s still a thing on this platform thoroughly disgusts me. This “community” we have here ought to be fucking embarrassed. But it’s mostly a bunch of shameless, talentless beggars, so why would they care?
Oh, I like you! 😁
What disdain you have for a top 20 witness. Love it!
Top-20 witness or not, he’s a piece of shit. And unfortunately, he’s not the only one.
We can do so much better around here. It’s pretty pathetic how terrible things are “working” right now. Witnesses like that fucktard, Jerry, make it exponentially worse.
Read @berniesanders assessment oc the top 20 witnesses... :-)
@ats-david
This Jerry guy is atleast putting some effort in making these hours long videos but in my experience there are so many more obvious bad actors on Steemit who make zero effort ...look below.
total scam as to how this is worth 56.83$
The problem with ranting about stuff that isn't true is people might actually believe you.
But agreed the meme thing is a total waste of time. That category should absolutely be banned from using bid bots.
Let's see how things shape up , it's mostly upto whales and dolphins to drive this issue.
How if reputation and witness vote strength depend on liquid steem power instead of delegations? I guess that will solve things a little?
I actually posted thread about this but no one gave a fuck, so decided to engage about the same here 😁
Bid bots are here to stay , I don't like them but if they are banned this sort of paid voting will go behind close curtains and we will loose whatever transparency we have right now.
Unless the whales band together and require the bots to check quality of content before upvoting , that sounds awful lot like centralized Googlesque authority.
@bacchist most bots are loss making these days. I used to go there before but it's become such a drain that most users will drop it. It's become a money making thing now and playing with bots is not allowing its users to have any positive return. I think we should just stop using it unless there is some level of positive return.
I agree, @sidsun, it's tough to turn a profit with most bid bots. If you invest enough, you might get gain some visibility to attract organic votes, but you've got to risk quite a bit.
It wasn't in the original vision, and has evolved into people creating $2000 mega posts. He's just farming Steem and yet, is also cashing in as a top 20 witness.
why did ned go dark?
I visited his YouTube as well. It's painfully obvious that he has purchased subscribers. Couldn't he have gone the extra mile and also purchased views? Gosh golly.
He's a marketer and you aren't supposed to figure out he doesn't actually have as big a following as he would like us to believe.
All we can do is educate the people.
I have enjoyed maybe 1 out of 10 of Jerry's posts. But I cringe every time I see his face. He does not have the face for video and I can not believe anyone would watch him for an hour doing god knows what in those videos. It is hard enough reading through some of his whole posts.
Agreed that some of these witnesses are just overpaid.
go look at all his youtube comments. they range from is this guy drunk? to....... Oh not the inbred school shooter got a piano, everyone run.
I don't need to go any further than Steemit to read that ;-)
Anyone who is seriously looking into investing in Steem, etc. sees the disparity between the trending and YouTube content will probably just lol their way out the door.
I'm actually planning a post about why you shouldn't listen to advice on crypto on Steemit. It's like listening to a broker working for a specific company on why you should buy their stocks.
That post will also delve on how you should actually look deeper to what hidden agendas people who give you advice have, and it's going to use two whale/orca posts as example, and one of those will be by Jerry.
I do believe Jerry's a nice guy, but his understanding of the platform and the math that underlies it is shaky at best, and it's also hampered by the fact he's 1. So invested in the platform so has an incentive to get you to buy in. 2. Runs a bid-bot, so... yeah.
Also, as a blogger, I hate Steemit's lack of ability to let me control my posts, and the potential harm to my own google rank on the blog I've been running since 2007? A real concern.
You told him, dahaha!
Yeah, I'm just bracing for a flag! :-P
With EOS preparing to get a social network on its blockchain, I am really afraid that Steem won't reach the top 10 so soon...
Interesting. Any source on that EOS rumour?
Just a reply that I have received at one of my posts. I did not took the time to check that page so well, since there is more to go before EOS goes live, but I will check it soon :)
Yeah, there is always that. But they need to go live first. That's still a few months away.
because it attracts groupies?
Just how many bidbots did he use for that post?!
Getting distracted... the question I wanted to ask was; how does having a bidbot increase standing as a witness?
Brace yourself...
And the delegated SP people send to Jerry's bid bot would increase his overall SP value and therefore should increase his witness vote he gives himself.
I'm happy to stand corrected though.
So they can self vote...I was wondering about that.
I don't think Jerry is a bad person, but things like these really leave a bad taste in my mouth. I felt like he was trying to sell me a timeshare and its not at all the projection outward Steem needs.
It's obvious this post was not intended for us, I mean... I think it's obvious. But I have enough imagination to picture how I would perceive Steem with a video of this nature, its like I'm watching a Bitconnect promo all over again.
These kind of actions have become... Do first, apologize later.... same as the steemfest 2.5 , same as the account creation... I want to give him the benefit of the doubt, I really do... but I think this was the last straw for me.. I took my vote back today.
I agree we aren't the target audience for his post but we shouldn't be fooling people into thinking he has more worth on this site than he does. Or that you can make $2000 on a 6,000 word post.
It just isn't a good look for Steemit.
Personally, I had better things to do with my time than write this blog post. But we need to call 'Bull Shit' when we see it.
Me too just now @Meno (and I'm a botter but holy hot hell)
Coins mentioned in post:
The one thing i care about is the “evolve or die”. Thats what matters. STEEM has all the potential it just depends completely on if the witnesses and users rise up or curl up in the fetal position.
We'll be fine if we keep moving forward. It just appears we want to take big strides rather than small steps.
I wish JB's prediction would come true...no matter how unlikely. We're all paid shills here, right? We all want our investments to grow. And we're all getting paid. @ironshield
I alluded to @blockdeals in the post. Once we get a decent backing you'll be hearing more of that name as we roll out the full Beta.
I'm checking out @blockdeals right now. Looks interesting. @ironshield
The best option when you have nothing else to publish or any ideas in your mind is to start curating other people's ideas - You'll learn something from it and at the same time earn the money/sp you want. Just my 2 cents!
Steem is dying, more and more people are leaving the platform. That’s not how you reach to number 1 or even number 10.
There does seem a little disparity of viewer number's - when compared to a comparable sized you tuber....
👍👍
lol I have a 27K channel and I'll get a minimum of 1k in the first day. There is no question. His channel is dead (boring)
You have to understand that YouTube controls what videos get sent out to subscribers. I have 1.2 million subscribers and only get around 2k views. In the past I got 30k views per video with less subs. YouTube controls what content that gets out to subscribers. So it's a flaw of you of trying to make a point there. YouTube can remove the attention you get in 2 seconds.
I couldn't agree with this more. Apples and oranges.
and also ignores the fact that there's many great advances being made on other blockchains that will have their transactional capacity skyrocket.
I get so annoyed when people go on about the steem transaction count. It's like talking about how many times facebook gets an IO request.
Or like how many video views Facebook is claiming to have when we all know most views are just because the video auto-played when you scrolled past.
That said Steem is testing the theoretical transactional limits more so than any other blockchain. If it became a legit currency we know the blockchain could handle it. :-D
And I like them apples :-P
well steem only really does that by running blocks every few seconds - which can be problematic because it would take a number of blocks before there's a level of cohesion among all nodes.
it's really not very different to bitcoin/litecoin/vertcoin storing transactions in the mempool until they get picked up properly by the miners.
Lightning network is changing the game by processing more transactions off the chain, which more or less provides an infinite level of scalability.
and whilst we're testing transactional limits, we're also processing a lot more non financial transactions - and as the steem blockchain grows, so will the non financial transactions. For instance, we can't be sure how well the blockchain will handle Facebook levels of "transactions".
When Jerry Banfield gets excited he sounds like Emo Phillips.
I don't follow Jerry, but he seems to have some talent for self-promotion. Using his own account for selling votes makes it look like he supports some junk posts.
I just saw his video yesterday..
I was disturbed
well i did wonder if this was just a hate post at first, which a lot of it seems to be - however you do go on to make few good points and critque the article. However, annoying as he is, jerry does do a lot of work around for the community and his article listed many of the good projects around Steemit. Have to say that he was kind to do so.
To every action, there is an equal and opposite reaction.
It's his ploy as an influencer, what he does is Marketing 101. Nothing is as it seems. Everything he does just helps him to build a brand and hit pay dirt in the Top 20 Witness pool.
I'm sorry I'm not a believer in his "good" work.
I am a big believer in free speech, which you are most definitely entitled to. As said in my first comment, it looked at first like hate post but actually, a lot is constructive criticism. There is more than cashing out to do at that level, some seem to get greedy like it will never end. I don't head in that direction because I'm having several projects around me I need only one or two to be really good. For sure, these Steem large profiles are rinsing every dime out they can while they can ... probably thinking like it could end any time .... ?
We need downvotes for witnesses.
They may not matter in the math, but nobody likes being in public with a blackeye.
We also need stinc to stop stealing pennies from the newbs!
Friends are not my steemit voting power. I am commenting.
Genius is a great post, so you countless
Thank you so much for fun, funny writing. I'm a general steemit user. I want to follow the wonderful people like you. Please give me upvote and follow me.