RE: Vlog 370: Dapps, building communities and the importance of second revenue streams besides delegation.
The developer should invest in their product, not wait for a handout. If they invest, put their money where their mouth is, then it might be safe to match their investment with delegation, to help. Then, once they are established with a proven business model, it's safe to pull the plug on the delegation. I'd prefer to see people fully invest in their product though, without needing help.
It seems like you frown upon bloggers/content creators. I don't get that. Content creators generate revenue for apps. They play a critical role, if the app is content based and offering rewards as an incentive.
I said for months, "I hope those Dtubers are powering up their earnings. If Dtube loses it's delegation, the place is finished unless the content creators have enough skin in the game to help keep it afloat." Handouts lead to more handouts and of course that's not sustainable in business. It's irresponsible.
Here's where the 50/50 split comes into play. If a developer invests, they earn rewards that way, through curation. People don't seem to see the potential. I don't understand that. They say people won't want to produce content for a 50% share. That's ridiculous.
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I apologize for being hard on you the last time I left a comment here. It's nothing personal. I simply don't agree with some of the things you say at times. I'd like to see everyone working together, not against each other.
Water under the bridge as far as I'm concerned.
Anyway, I don't agree with you.
The beauty of the incubator model (SP delegation) is that the developer (with no money) can pitch an idea to any investor with SP (When they do bring in actual money themselves it's just an extra plus for any investor to delegate to them). I just don't think it's up to you or anyone to decide what an investor should do with their SP.
I don't frown on content creators, I am one, I just don't understand the discussion about 50/50 when the solution is around the corner in the form of SMT's. That's the time to try out new models, you don't to this now with the core token with a risk to destabilise what we have build and what developers currently count on.
Example: On Steemit we can introduce a Steemit SMT and tryout any new reward model safely without changing the economy of Steem Monsters or Steem Hunt.
Also I believe that in the future SMT's will be used to reward content creators it won't be (much) STEEM anymore. STEEM is what drives the platform and what makes it work (RC's for instance).
I am all in favour of content creators and users in general. They are what apps need to survive but we are in a limbo period between SMT's and now. They will just have to wait. Some leave, they have no patience, I don't care, they will be back when it all works. But in the meantime they miss out on any STEEM earning now which I believe will be very valuable in the future.
STEEM as 1 token simply can't fulfil all the roles we want it to fulfil. Every app and users have different incentives.
SMT's will open the door to all kinds of economic models and the market will decide who wins.
This limbo period has been stressful. Many left, indeed. Now there are clones of this place, clones I don't have any use for, where people went to get a head start on earning something like an SMT. Will they be back when all is well here and they find out that other token holds no value? It's hard to say, and it's unfortunate they were pushed away. They might stay in limbo now, hopping from one train to the next, seeking that perfect place and never finding it.
Not all who left departed due to impatience. Their needs were not being met. There weren't enough curators to go around, too many delegated away their SP to bots, bots don't have eyes and the content producer depends on those to earn STEEM.
We both agree STEEM will hold value and be worth a lot more, eventually, so I'm glad I got that part right when I encouraged people to follow my lead, power up, use it as a tool, and hold for the future that looks bright. I haven't spent a dime of what I've earned in two years so of course I'm going to be concerned about where my investment is headed. It's stressful, for me, to have that power placed in the hands of someone else. I have to have faith now in developers, they better not act like dLive. I can only hope people invest wisely when they delegate.
Again, this limbo period has been stressful, not many see the value in earning .5 STEEM. Maybe it is for the better so many with intentions to simply produce content and ditch the tokens on the market have left. Those types were not receiving my support anyway.
Thanks for taking a moment to explain how you see things. It's a little more clear now on this end.