And the only way I can see to increase the price/value of unit is to have more activity which attracts more people which stimulates more activity.
I doubt that the steem token would be worth under a dollar with 25 times the number of people on here posting, commenting, and upvoting.
I doubt it too but i thing the development team abandoned the idea of building steemit as a major platform instead creating SMT that will fuel up many other solutions and apps with Steem as a backbone currency which will rise their price. As for steemit as a platform... i have serious doubts if it will survive the competition as a front end application.
All valid points.
Do you think that an app like busy.org steps up in its place or is your view the entire model is broken since those apps read the same blockchain?
No, model is perfect. You just need to do UI changes. Hide the wallet of the author for example, or hide value of the post which would be only revealed after upvoting it so that your decision is not influenced by the current value of the post. That would have helped a lot if done at the right time. Or most importantly more even token distribution at the distribution stage like they do with EOS. They run distribution for a while year so everybody has a chance to get some.
busy.org which i use too, bescouted.com which we built steepshot.com are just few of many front end applications that will be bulilt and empowered with SMTs. Steem blockchain is an amazing reward distribution mechanism with steemit rather poor front end application implementation with it's known faults. There will be thousands of applications running on it in longer term.
My compliments on steepshot...That is a wonderful app...taking on instagram...very impressive. I wish that the shots (like the zaps) didnt end up in the blog section on steemit. From what I understand, that is something that can only be changed by the steemit developers. If people start sending out 20-40 steepshots a day, the site will get very messy.
I am glad to hear that it is just a UI problem and that you are very fond of the model.
Maybe you can answer this...is SP controlled by steemit or is that a function of the steem blockchain in general?
Some of it is asset of Steemit, and some of it is asset o people who invested into it by powering up Steem. I am not sure about the legal aspects thought.
And steepshot is not our product. Some other guys do it.
We are doing BeScouted