Steemit, Investors and ... ? Who?

in #blockchain6 years ago (edited)

There's something I've noticed quite a bit about people posting with their ideas about how to improve Steemit. As seen HERE, being one such article, there's one group of people who use Steemit that are entirely ignored in every single discussion by everyone with the exception of the Steemit developers themselves, the guys working hard on the backend of things.

It's true that Steemit, like any business, company, platform, cryptocurrency, etc has monied interests that invest in the system by buying the digital currency or shares of the company, etc. It's often posited that the monied investors should be made happy because they're contributing money into the system and they deserve the Steem Power blah blah blah. Yeah, I get it, and I understand. Those that spend their own hard earned money into the platform should be rewarded. I completely agree.

However I do end up having to draw a line in the sand with some of these people's suggestions because they either

  1. Don't know that we exist
  2. Know we exist and choose to ignore us
  3. Know we exist but think we're involved directly with the company
Do you want to know how your pictures and videos get "uploaded to the blockchain"? Take a gander at any post on Steemit that's a dTube post. Take my video on Saying "Do you speak ASL?". Now scroll to the bottom and pay attention to the following.
▶ DTube ▶ IPFS
You'll notice those two sets there. You already know what DTube is, most likely at least being on Steemit, but do you not realize what IPFS is? Well, take a peek at IPFS for yourself. From the IPFS website.
IPFS is the Distributed Web A peer-to-peer hypermedia protocol to make the web faster, safer, and more open.
Does this mean that Steemit alone is using IPFS? Ha, not by a long shot, there's other video hosting platforms that already use IPFS, one of which you're already likely all to familiar with (and I'm not referring to DTube this time). BitChute (soon to be SpkOut) also utilizes the IPFS decentralized network. Hell it's likely even Vid.me would likely still be around if they utilized it instead of trying to host centrally with a singular cloud.

Those of us running IPFS nodes are overall at a net negative, we do it out of selflessness. I even have 150 gigs of space donated towards Freenet Project of all things. Maybe people that write articles don't realize that the IPFS network is a collection of nodes run by volunteers, or perhaps they think the nodes are owned by Steemit.

I can say, I certainly don't get any benefit on Steemit by donating hardware and bandwidth towards IPFS. I even run into the Steemit newbie's dreaded "Bandwidth Limit Exceeded" issue while dolphins and whales seem more than capable of just breezing along like nothing's happened during the busier time periods.

Running an IPFS node overall is a thankless task for sure, and honestly I think the majority of Steemians don't even realize we actually exist, but I assure you, we do exist, and our nodes are being piggy backed on by Steemit, DTube and many other websites. And that's fine.

If you're so selfless, then why are you complaining?
Not really complaining, just wanting to spread the awareness behind the backbone, and possibly also twist your arm into installing IPFS on your system as well to donate space towards the decentralized network. Why do I want to spread awareness about those of us hosting IPFS nodes? Primarily to make you aware that those running nodes are on Steemit, I actually started a node for IPFS solely because of Steemit in order to contribute my way of supporting the platform. It's my contribution, my investment. It's a way of letting you know "Monied investors are NOT the only investors on Steemit". Just like monied investors aren't the only investors involved in the Bitcoin blockchain, likewise to Steemit.

Seriously, hit up IPFS.io Why and see further why, and consider spinning up your own IPFS node to help make the web a better place! Sure you don't get any rewards on Steemit for donating your hardware and bandwidth, nor any benefit directly from SpkOut and all the other various websites that utilize the IPFS system as it's backbone other than being in the knowledge that you are personally taking a personal step in the future of the internet!

DO IT!


Posted from my blog with SteemPress : http://cryptodeaf.cloudaccess.host/2018/02/steemit-investors-and-who/

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Shame on me! I thought this task was taken care of by the witness, who are paid from the reward pool. I didn't know it was a voluntary job. That makes it even more valuable than the investors, because investors are in it for profits (too).

Great article, resteemed!

PS: I guess you missed a "not" in this sentence: "Monied investors are the only investors on Steemit"

Yes, I did miss a "not" there, thanks for the correction. When I write this and proof read it I missed it. Thanks. But yes, it's entirely volunteer based. ;) I'd wager most witnesses actually don't run an IPFS node of their own though I'm very sure some do at the very least. Sorry it took so long to respond, I still have bandwidth issues.

Sorry it took so long to respond, I still have bandwidth issues.

No problems, sir! I'm not on Steemit all the time either, even though I must admit it's very addictive. Maybe, just because it as my first week here :)

I run an IPFS node because I want to make the world a better place. It's why I host space for Freenet Project as well, where you can coincidentally also find a complete mirror of my Steemit blog as well there. Freenet uses a series of hash keys for everything, from social media addresses (Sone), email, websites, etc. Just like with IPFS, Freenet also is solely static resources (minus plugins which are dynamic loading static resources stylized for email and social media).

^__^ You gonna donate towards IPFS in the form of spinning up your own node?

You gonna donate towards IPFS in the form of spinning up your own node?

Honestly, I have a few concerns about running my own node.

  1. I live a minimalist life. I don't like the idea of having an extra hard drive running 24/7 in my home, even if I would be paid for that.
  2. I'd be very worried about someone hosting someone illegal on my node.

Bottom line, I think projects like Steemit should pay for hosting. Then, it's up to the people, companies to manage the risks.

I live a minimalist life. I don't like the idea of having an extra hard drive running 24/7 in my home, even if I would be paid for that.

I donated a portion of my 1 tb hard disk to the node, so it's not an extra hard drive, just software that's running on my existing hardware. You can configure it to consume as much or as little of the drive as you'd prefer.

I'd be very worried about someone hosting someone illegal on my node.

I wouldn't doubt that there's illegal things possibly even on my own hard disk on the node, but there's no way for me to check as it's encrypted with a hash that I have no access to. Same as my Freenet Project donation. So even if something illegal was on the disk on my node, I legally have an out as I have no way of telling what's on it and no way to manage it beyond killing the node.

Let's say worst case scenario I believe you and I can agree on being the worst possible thing. Child porn. Let's assume someone uploaded an hour long video of them fiddling kids. How that file would be distributed is a redundant copy, a little bit of it on my node, and a little bit of it on many other nodes. So let's say my node only ends up getting 2 minutes of that disgusting video on it while it's split up among so many other nodes to offset the load and make redundancy possible. That 2 minutes of video doesn't have all the data for the video so the video result is corrupt as a standalone. It would require access to the whole of the file to really know what's contained on it.

And in order to be able to obtain the whole file, you'd actually have to be looking for it specifically or know someone who shared the hash with you.

Less serious illegal content would be piracy, you could be hosting portions of a pirated movie or cracked video game and the like. NO way to tell. However you're also likely hosting a bunch of content from various websites that are simply just offloading their content that are benign in nature.

Your explanation makes 100% sense to me, because I'm a computer programmer. The problem is if authorities want to crack down on a system like this, the first thing they would want to do is to make a sample case of an average person receiving a life-term.

Sure, an IT expert can follow how this system works, but explaining it to 12 average people in a court case would be hard. All they would understand is someone having x minutes of illegal content on their hard drive, broadcasting it to the whole word.

Yes, I know the chances are slim, but I'd rather pass this one.

There's already been lawsuits against Freenet and IPFS itself, the nodes being downloaded from aren't exactly easy to track either. So far the authorities have went directly after the main source, which is Freenet Project and IPFS.io rather than the actual nodes. The authorities have been unsuccessful because both Freenet and IPFS have legitimate legal uses, far more than anything illegal, and the argument is that any legal tool can be used for illegalities. Car salesmen don't sell a car with the expectation that a ton of pedestrians will be slaughtered with it.

Trust me, they've tried, and they've failed. Authorities have tried going after a Freenet node before, the case was quickly dismissed due to the nature of the storage being put forth in good faith of being used for legit purposes and encryption preventing knowledge of what's there.

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