Transaction, interaction, action on chains

in #blockchain5 years ago

I don't spend a great deal of time on other blockchains or in projects, but I know that many of you do. What I am wondering is when it comes to interaction, how does Steem fare? When I am talking about interaction, I am not talking about transactions alone, but instead the discussion around projects, the community interaction.

I was reading a post by @shortsegments a few moments ago that listed some point where Steem is doing well and while I don't spend a lot of time anywhere other than Steem, I still get the sense that Steem is one of the most active blockchains in the marketplace. Not only that, its activity is not centered around development and trading alone. While the balance may not be perfect, there aren't many projects out there that are able to include all kinds of users, offer potential rewards for all and content for a very wide preference of consumers.

But, how active is it?

I am not sure exactly how this is calculated and i know that there are issues with it, but these are the top 7 most active blockchains and if we have a look at what is going on there, we can see that EOS is crushing it -in blockchain operations

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https://blocktivity.info/

I don't really know what the difference is between transactions (Tx) and Operations (Op) are either but after reading this post from 10 months ago from @blocktivity, the difference is that operations are nested inside transactions, so one transaction can carry more than one operation. As you can see, these are all Operation based numbers for these blockchains, which supposedly gives a better view of activity.

After @blocktivity showed a screencap of the EOS blockchain operations saying, "I invite everyone to check the EOS operations from this Tx and see by themselves that there is nothing in these EOS Tx that wouldn't qualify as honest activity on a blockchain" I decided to go and have a look myself at https://eosq.app. I figured that it would look something like https://steemd.com which has things like xxxx authored a post, yyyy upvote, zzzz replied to etc, but it wasn't at all.

Firstly there was a lot of betting activity by the looks, but I also noticed that they track login, is this tracked on Steem?

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Then there was this which I am assuming is a bot account as there are nine transactions there and only three blocks.

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While this is all well and good and I have no real understanding of what all of it means, there doesn't seem to be very much human going on there. While people talk about too many bots on Steem, I am guessing that not "too many people" complain about the same on EOS as, there doesn't seem to be too many people there at all. I feel that Steem seems to be doing something quite different to EOS and the trajectory is much more community orientated, while EOS is very much transactional - at least at the moment.

For those who spend time around other projects, what is your sense of the communities that surround them, are they "real people" or are the devs and traders looking to boost price of their coins alone? Where do they spend their time communicating with each other and are there normies who are involved or is it still like early BTC with only the tech nerds getting involved?

Does any of this matter?

Well, not necessarily but I also wonder how many of the normal non-dev, non-trader people of Steem would spend their time in crypto if it wasn't for the availability of the Steem blockchain and a place to give some space for community learning, engagement and consumption of stuff that is other than Steem. Where on EOS or Ethereum does @meesterboom, @nonameslefttouse and the likes of @kommienezuspadt or @warpedpoetic have a place and still be able to engage, learn and earn outside of their specialties in a similar way to on Steem? Or a better way?

It seems that while there are narrow experiences possible to support some level, there is not really a city like Steem that offers a growing world of applications, interactions, communities and the people who power them while still providing a shared information pool to drink from. I wonder how transparent EOS really is in regards to the discussions surrounding development of the EOS community.

I think that one of the problems with the transparency of Steem from a community perspective is that everyone can have a say, and like this post where I am dabbling and babbling in an area (the code) that is far outside of my comfort zone and risk being wrong, all says have potential merit in the eyes of the audience who reads it. This means that on Steem much of the good, the bad and the ugly are seen at the very visible UI level and requires no technical skills to form an opinion upon. The social community aspect of Steem is its strength, but also a weakness as people make their opinions on what they read and how they feel, even though they aren't going to or are even able to dig around to find out what the "transparent truth" is beneath, the truth of the blockchain.

I thought that EOS was motoring along doing really well based on those operation counts, but looking at the operations that are actually being logged, it seems that not much is happening there at all. what are the devs developing Yet, the blockchain is not necessarily performing well with it running at 37% capacity.

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Steem is running at 0.08%

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Again, I do not know how these are calculated or their accuracy, but if that is what EOS is doing with so few users, what happens at the next bullrun where 100M more people could turn up to the crypto party and with them sitting at 7th in market cap, will they scale? Those 3 second and free transactions on Steem are looking pretty good in my opinion.

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https://www.stateofthedapps.com/stats#new

What and where are all these thousands of blockchain Dapps and who is using them? 62 New blockchain Dapps registered at state of the Dapps across all platforms. Can you name 5 that aren't on Steem?

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Steem apparently logged only 3 of them.

While I don't think this post clears up anything, I do think that it was worth investigating and seeing a little of this view for me as I sometimes feel that we are spoiled for choice on Steem and spoiled for ability to interact and engage with humans, at least in comparison to other blockchains. I wonder what happens if I go into an Ethereum or EOS Telegram channel and share some poetry, a photo from my work trips or a story about my childhood? Of course, that isn't the place for such things.

But where is?

Taraz
[ a Steem original ]


Onboarding

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But where is?

Well, there's Voice :P
It's still in beta though and I couldn't find any access to its content. Steemit at least was able to be viewed by non-Steem users when in beta.

I looked into some videos about voice. It has some multi layered authentication method to make sure real humans get to use it. Gonna be real hard to onboard a significant amount of people when they have to hand over their ID. The argument behind that is that there will be no bots, meanwhile Steem has already solved the bot issue with Resource Credits – there has been no major spam in months, yet people (this guy at least) seem to think that Steem remains to be a failured platform. And even if someone still pays the money for resource credits to create spam, it can be muted on the front end. Problem solved. People need not to know anything about Steem though when they accidentally start earning SMTs in online communities with lite accounts (if they come in the following Hard Fork with SMTs).

Apparently block.one have an add budget in the hundreds of millions of dollars and they will pay influencers some extra to get in there. Remains to be seen whether they'll be influencing an empty audience. Did DLive catch any major use by paying Pewdiepie? I'm asking 'cause I actually don't know :D

Anyway, if Voice catches any retention, I say it's good, because people will be comparing it to the OG social blockchain platform: Steemit. We need no marketing, let block.one do that for us :P

I have no idea whether DLive benefited, I didn't keep an eye on it at all. B1 have a big budget but it is going to matter how and where it is used.

I think many will sign up for voice as most don't care about their online privacy, until it hurts.

Fascinating deep dive, Taraz. I don't think daily transactions or operations are really on anyone's radar in the broader crypto space. The more its a focus, the more projects will fluff their numbers.
Love seeing that needle so low, though. Heaps of ceiling space.
Full blocks on bitcoin drove the alt explosion last time; wondering where all that money will go when Ethereum et al are clogged up on the next run...

The more its a focus, the more projects will fluff their numbers.

Seems EOS started early :D

Love seeing that needle so low, though. Heaps of ceiling space.

I find it kind of strange and don't know how accurate it is but I have never seen it really move up so far. Even when there were those 2.5M in 24 hours, it didn't climb so high. EOS seems to be slowing down. Weird.

Full blocks on bitcoin drove the alt explosion last time; wondering where all that money will go when Ethereum et al are clogged up on the next run...

BTC scales better now with Lightning? Looking at those Dapp usage numbers though, what happens when there are a few million using them?

What I am wondering is when it comes to interaction, how does Steem fare? When I am talking about interaction, I am not talking about transactions alone, but instead the discussion around projects, the community interaction.

Well, most of the days the trending is nothing but Steem on Steem type of posts, kinda like this one :-)

When compared to EOS, Steem is a small project. If you look at the number of youtube channels dedicated to each and the number of views that they get (showing the real interest and the number of people), you can say that Steem is nowhere near EOS.

If you want to see how much there's interest among developers in Steem compared to Ethereum... Steem doesn't even show up on the map while you can find more than a dozen courses offered by the universities (via coursera) that are teaching the developers about blockchain development on Ethereum.

When it comes to the blockchain operations, that's rather useless measurement of the project. If more ops meant more value, Steem would be worth more than BTC and ETH, but we all know where Steem stands in the relation to these projects - it's bloody invisible.

Where Steem dominates at the moment is the blogging dApp( Steemit +different interfaces). No other project is dominated as much by the blogging dApp as much as Steem is. Once Voice goes public I think it will surpass Steem within weeks, even with the stupid ID requirements.

In short, Steem is a small village with almost no outside interest in it.

If you want to see how much there's interest among developers in Steem compared to Ethereum... Steem doesn't even show up on the map while you can find more than a dozen courses offered by the universities (via coursera) that are teaching the developers about blockchain development on Ethereum.

This is what I mean though. How much is there out there at the moment for anyone who isn't a dev or a trader? I have no idea but it seems that it is pretty much all like this post, very specific and self-referential =)

Once Voice goes public I think it will surpass Steem within weeks, even with the stupid ID requirements.

I think so too as most people dgaf about their prvacy, they will move over from Facebook. I think that some of the SMTs will do similar and have KYC involved, I don't think Steem will though.

I'm on Hyperspace and Narrative in the same extremely limited scope that I am on steem. On both sites there's a lot more activity going on outside of my scope. I haven't gone around Hyperspace lately so not sure where the comments are at. Narrative is currently in the stage where most of the comments and upvotes are concentrated on the meta posts.

Development-wise I have no idea what's going on with Hyperspace as I'm either not following that space, those types of discussions aren't happening on-site or aren't happening where we can see them. Narrative recently rolled out Publications and seem to be in a similar kind of frictional trouble spot that steem was in a year or so ago so it's going.

They're both a lot newer than steem though so may have smaller userbases (I have been too lazy to check).

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