Does Steemit, Inc. Need A Kick In The Butt Or Does It need A Kick In The Butt?

in #steem7 years ago (edited)

This TL;DR is a Steemer's view on "Reflecting on the Value of Steem" by @syncubate. I am reposting it because I need some change to buy a cigarette...

What are your thoughts on steem lagging the price appreciation seen among its peers in the broader crypto space and how can this ultimately be addressed?

I see BTC as a unique asset class. It behaves differently than other crypto. For example, what other cryptocurrency comes even remotely close in value to $20,000? Perhaps, Bitcoin Cash, but that's really just more Bitcoin. BTC is 1/2 of the whole crypto field and it would seem being number 1 has it's privileges, just like in real life.

To be brief, bitcoin writes it's own ticket and gets 1/2 the spoils despite 1000s of competitors for their spot on the food chain, all the while being a one trick pony, expensive, slow and lacking perks like smart contracts, efficient energy usage and other factors. Moreover, I just don't see much point in comparing Steem to Bitcoin. However, comparing it to coins other than Bitcoin is a horse of a different color.

Some Suggestions

Hire a professional marketing team to concoct and make happen the killer app that will put Steem on everyone's plate. Something even better than CryptoKitties or PepeCash. Now is a good time because crypto is decidedly going mainstream. It doesn't need to be anything meaningful, just be something everyone must have and be affordable enough to buy.

Hire an artist for Steemit graphics. Sorry to offend, but you think this...

is an improvement over this...

Also, dump this...

It makes me think I'm seeing double.

Nonetheless, these are only cosmetic factors. There is something lacking with Steemit that is deep seated and difficult to identify. I'm not involved with the day to day activity of Steemit, Inc. so I am not qualified to make an educated comment in that area.

One must ask why this is the case, considering the meteoric and sustained rise of steemdollar (SBD) in the same period from under $1 to over $13 at the time of this post?

FYI: SBD going to $13 is not a healthy sign! It is a failure in financial engineering design because it did not and could not simply tie it's value to the U.S. dollar like it was supposed to.

"In 2018 we get to see which crypto projects actually ship now that they have all this money. Common advice in SV but worth repeating: if you aren't embarrassed by your first release, you waited too long." - Brian Armstrong, 12/18/17

What the hell is "SV"?

Wikipedia was no help and the best I could come up with is from Urban Dictionary:

Simply a term for "Sandy Vagina." Invented by Cartman in South Park during the "curse word" episode. A term to described something in a really bad mood.

Crypto is moving at a break neck pace and accelerating. All this Steemit stuff can be replaced and improved. Deal with it!

Epilog

I am through meditating on steemit's weakness. There are to many negativities that I feel. The litany of failures and unkept promises; from communities to the inequity of the voting system that is NOT, I repeat NOT like a Reddit voting system.

I wish to thank @syncubate for this post that focuses on what's going to make Steem succeed or fail. I still hope that Steem succeeds. I just wish it was not as my damn bitch.

If you detect a negative vibe, your sensors are correct. I started out 100% gung ho about Steemit 16 months ago, but these days I feel little desire to check my Steemit Feed because Twitter or Google+ are more interesting.

Perhaps I'm jealous because some Steemit stooge can pick up an easy $500 for a pile of crap while I have to satisfy myself that well thought out and researched comments aren't worth 1 cent. Knowing myself, I really don't think jealousy is the problem, rather, it is the injustice. Sure, it's not a fair world. I wasn't born yesterday, but I can't take voting on Steemit seriously. It's just a stupid joke.

Finally, Steemit, Inc. is to blame for the weakness of Steem. Steem blockchain is supposedly so fast, efficient and free, yada yada yada, but why do we not see much more than "Hello World" scope applications on the platform?

Why aren't big fat companies taking an interest in Steem? Are you go-communist-in-a heartbeat, anarchosociopathes too proud to condescend to such? All we lowly steemers got was a con artist to run a scam on us. Did I forget to say "thanks"?

Etherum has scores of major firms they are partnered with and it has the financial value to prove it. Who of import gives a crap about Steem?

Dash price is soaring into the 1000s of dollars!! What do they have over Steem, other than a serious promotion team and a few ragtag outfits that will actually accept the damn currency?

Don't the fat-assed, arrogant, hypocritical, inherited money, shitheads that run this joint know they could be billionaires (with a 'b') if they could run cheap shit Steem up like DASH, IOTA or Cardano??

It's incompetence. You really just don't know how to make money. You are just good at feeling smug about your asshole selves.

In conclusion, I thought about declining payout for this post as a "Fuck You", but I need the money so I will just say - FUCK YOU - and I can vote for myself to get the pennies...Peace...out.

Sort:  

SV Stands for Silicon Valley... M'just throwin that out there.

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Gee willikers! A comment!

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