Is Steem Broken? Is It Fatally Flawed?
This answer is easy and not subjective.
No, Steem the blockchain is not broken, it keeps moving forward every 3 seconds, it is allocating new Steem exactly the way it is programmed, based on the reward pool calculations and our votes.
It is actually functioning beautifully and we still have plenty of witnesses willing to run it. SteemIt Inc is working on reducing the amount of resources it takes to run it as well.
Everything after this point is opinion and open to discussion
Steem is fine.
What I think might be broken is our Story and our Vision. That is a nice problem to have because it can be fixed.
It is as simple as what we tell ourselves and others Steem is supposed to do.
We tell ourselves we are a Content Platform, but that is no longer all we do.
We tell ourselves the reward pool should be allocated to reward content, but much of the time it isn't used that way.
We tell ourselves we need new users, but do we? Some might say what we need is new buyers/investors. I would say I was viewing users as a way to get to investors, but I will not go into that here.
The point is we are setting poor expectations for ourselves and others, and creating a constant sense of disappointment experienced by nearly everyone involved in the project.
We are doing that because our branding and messaging is wrong, not because the blockchain has problems.
People are starting to see that we need to regroup and restructure what Steem is about so that we can more accurately find our value and learn to express it.
I'm not going to go into my thoughts on the specifics of what I think we should say in this post.
Nor am I pretending all is fine. I do want to remind everyone we are operating in what would be considered a Depression in any other economic structure which of course is going to highlight any and all weaknesses and create a survival of the fittest situation.
It is my opinion that we need to work on what the real value of Steem is. Businesses restructure and rebrand all of the time.
In 2019 we should focus on redefining what we do and what methods we can use to define it. This is done in large long-lasting businesses all the time.
Many are already thinking about this and working on it.
@whatsup,
There is no way to break a blockchain! That's what I heard at the first sight of them! So STEEM never will be! But forks could be happened!
Cheers~
Steem price is broken. lol
I think Steemit should include some kind of mining feature, like you browse a post for 2 minutes and get 0.001 SP (or whatever numbers you wanna use).
Easily gamable.
Posted using Partiko Android
STEEM has evolved so much since I joined. Its become many things to many people. I think STEEM is by far from broke. For me STEEM is an asset that can propel a business if used right.
As for the depression, yes I agree. how this all plays out will be interesting as the depression filters further around.
Yeah, I think people forget our sub-economy (crypto) is down 80 to 90 percent. How many mainstream businesses would survive such a dip in their respective currency? My guess is not many.
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Great discussion here. I think sooner or later we got to have some institutional investors to plop some big bucks in here. Then we use that as leverage to get new users in here that actually want to utilize the apps and the blockchain and be a part of the growing ecosystem
If we all work towards a bigger picture this is most likely going to work! But we all have to work together and punish those who aspire a different agenda. Punish those with a fake Agenda. I guess we're all here because we all agree that the current social-media is failing and the money system is broken?
I would lean towards social media alone, or content creation alone is not enough, but that doesn't mean it isn't an important part of the path forward.
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It's good to keep the tool and how it is used somewhat separate.
Things grow and change. Groups morph and ideals differ, do the direction veers.
One thing I know from years of working as a BA and PM. People always change their actions based on what they are measured against (at least in the work world) and always always there are people who learn how to game the numbers..
Chasing those people can be a game of diminishing returns.
Anyhooo. Some great stuff to chew on!
It's true and many things get invented for one thing and their primary use becomes another thing.
The only reason people are feeling it is broken is because it doesn't currently match the expectations that were set. Expectations can be changed.
Well said @whatsup.
And as you allude to, it is up to the users to make the change by doing it