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RE: My thoughts on HF20, RCs, SMTs, and the future of Steem <contest enclosed>

in #busy6 years ago

yeah, and someone, Dan, or somebody else from Steemit has all but said in a older blog post that the model just won't be conducive to developing apps. Which is odd given the fact that Steemit in particular seems to be depending greatly on other apps to carry the load while they work on the blockchain and SMTs. The Steemit app is still the most widely used, but Steempeak has already surpassed Steemit in many functional ways, as far as I'm concerned.

It's not going to be an easy thing, for sure, to develop apps, without some kind of funding going in. Self-funding is a hard way, too, since you have to have a decent product before people will even consider paying to use it, and since that doesn't happen much in social media, it's a different mindset all together. So, you end up limiting the user base to those who are willing to pay, and not by those who might use it if they weren't paying out potentially 50% of earnings between the beneficiaries and curation.

All of that might be solved if the price of STEEM were to go up. It's easier to giveaway all of that if you're making double or triple what you might be able to earn now.

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