Unfortunately, @ned 's announcement of RocksDB and SMTs has put the whole STEEM blockchain in a state of flux.
It would be really difficult to push STEEM on Coinbase or other platforms until the world see how Ned's current vision is realized.
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Ned doesn’t make up Steem, we do.. the community. Let’s stop relying on him for everything and instead be proactive.
The mathematics behind STEEM mean that the whales control the platform. The daily stats by @arcange shows that the 36 whales control 234934 MVESTS. The rest of the accounts have 171314 MVESTS.
SteemIt is a class society with a small group at the political and economic center controlling the rest.
That's roughly the same case with just about every other crypto including bitcion and Eos and ethereum.
More and more dolphins and orcas are being created in this market.
You are right. I looked at an @arcange report dated 2018-09-29 . There was an increase from 284 to 301 orcas and 1790 to 1900 dolphins.
Unfortunately, the MVESTS held by the 36 whales only dropped from 235425 to 234934.
Yep, and not all of those 36 accounts are Ned. I’m aware of the distribution.. but all roads don’t lead back to Ned is all I was saying.
Ned's announcement destroyed this attempt to court Coinbase.
People openly discussing a hardfork along with the mass defection from SteemIt has seriously challenged those controlling the platform.
Ned's decision to de-emphasize SteemIt and run with SMT made a really difficult situation for everyone using SteemIt.
The fact that this particular effort to court Coinbase is a good example to hold in mind when the time comes for the community to assert control.
Exactly.You've hit the nail on the head.
Dear @llfarms
we as a community are only part of entire big picture
and Ned is the face of STEEM and steemit inc. And that really matters.
I don't think people really rely on him that much. But surely he is decision maker and his decisions plus previous lack of communication with our community is resulting with lack of trust.
Wouldnt you agree on that?
yours
Piotr
I absolutely agree @yintercept
STEEM doesnt seem to build much trust any more. And it has nothing to do with current price, but with ned and steemit inc latest actions and announcements. They just crashed that trust.
Yours
Piotr
My sentiment is more along the lines that I don't know what effect the SMT and RockDB projects will have on STEEM and SteemIt.com.
The projects might enhance existing products. It might undermine existing projects.
SMT might be the thing that attracts alliances with coinbase. The way Steem Inc did the announcement threw SteemIt.com into an uncomfortable limbo state for the holidays.
I agree, everything's in flux right now, which sucks at this time when we could be trying to get on coinbase.
On the other hand, I think the upcoming hard fork involved in it is a great chance to show improvement from HF20, as long as we actually manage testing, and block the fork if it's gonna break steem again, as witnesses. Proving a good testing process for hard forks with large changes in them will be a big plus. Could attract more investors, alliances like you said, developers, etc. We'll just have to see how it goes once they release the code.
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hi @yintercept, @petertag
I really love how responsive you are. Indeed steemit needs more people like you and I :)
I still believe that it's best to introduce SMT when market conditions are better. When trust towards crypto is recovered. When media would like to talk about it.
Right now it would not help much. Right now it would be wasted opportunity.
Yours
Piotr