Certainly I believe Steemit Inc wants the steemit.com website to be replaced by something else ASAP.
Steemit.com is a liability for them that they believe is not needed as part of their business model.
They clearly do not want to spend any significant resources on maintaining or improving the site. I doubt steemit.com will ever go out of beta.
Building a better version of steemit.com will be great but of course it will still sit on the same blockchain and run on the same reward pool.
That is the problem.
I believe Steemit Inc is mistaken in its strategy. Steemit.com is its flagship product - its reference point of visibility to the outside world.
It needs to be the best it can be - not the worse it is.
The real giveway will be if we see steemit inc quietly change its name at some point to Steem Inc. Or maybe Alphabot would be more appropriate 😊
Hey @pennsif,
Lolx
But this is exactly what I got from their attitude,
They seem to just let the system run on autopilot . How hard can it really be for them to fix some of these things?
You just notice this non-challance or laid back i-dont-care behaviour.
Don't they want the platform to survive?
As long as we are concerned Steemit.com is still the frontend of this blockchain. It should be the gold standard for others to emulate.
Nobody really knows the diet they are cooking in-house. I just only hope that it's a good one. Pls they should make it extra spicy just the way Daddy likes it 😜😜😂😂
Thanks for your contribution man!
Dying of Laughter here.
However it is sad what Steemit has come to be like.
I hope the next Hardfork help change some factors that encourage what we are facing.
@ogochukwu
Hardfork 20 will change the factors. It will make mining rewards more profitable for the oligarchs, and make the problems worse.
It isn't necessary for a clone of Steemit to use the Steem blockchain.
While this would abandon such stake as adopters of the new fork might have accrued in Steem, that may be of little import by the time such a fork has been developed, particularly if bots continue to degrade the engagement in Steemit society at the accelerating rate they are presently.
Frankly, eliminating the oligarchical whales that mined their stakes in Steem would be beneficial to the community, since they are the ones mining rewards with bots, or delegations to bots, and killing Steem now.
You are absolutely correct that considering Steemit the flagship of Steem is what Stinc should do. Myspace, Fakebook, Twatter, Youtool, and many more such platforms show the power of social media. That these have become the FAANGs of legendary financial import today is no fluke.
IMHO, Stinc is abandoning their greatest potential to success by neglecting Steemit. They are conflicted by their dependence on the mined stake whales, and the need of Steemit to counter that influence, which requires abandoning stake-weighting.
What Stinc is doing is comparable to a rubber manufacturer that harvests the sap of the latex producing trees by logging them and squeezing every last drop of sap from them once. The production of latex upon which rubber manufacturers depend will plummet quite soon after they begin doing that, after it peaks spectacularly.
Instead, rubber tappers in the jungles where these trees grow incise the bark, and induce the living trees to leak sap into buckets, which they sell to rubber manufacturers today. This is a sustainable source of latex, although it may produce less latex in a given quarter than pressing the latex out of logs might, it does so permanently, rather than for but one or two quarters of earnings.
Corporations which can simply change business models don't care. Quarterly returns are all that matters.
Similarly, Stinc is mining it's whales by crushing the society upon which Steem value is derived. Were the market for Steem globally only the 37 whales, Steem would have zero value. Steemit creates the value of Steem by providing thousands of users of Steem, and the whales are dependent on the volume of users for their wealth.
They are destroying their investment by sucking the rewards from the pool that should be driving growth in the market for Steem. Stinc is looking to move to a different business model than maintaining a social media site. They are preparing to abandon the single greatest growth business model that exists in the world today, for something else.
No one will lose more when this happens than the whales. Since they aren't seasoned investors, but instead geeks that happened to be able to mine Steem when the ninjamine occurred, they probably don't understand this very well.
I think that reflects poor vision, and a lack of management expertise.
Thanks!