STEEM Is Not A Social Media Platform
I'll Say It Again
STEEM is not a social media platform.
Sure, there is some social media on it, and to date, it is predominantly social media, but that is changing, and will continue to change as more and more people become aware of STEEM and what it can ultimately do.
Yes, a good majority of us use the social media side of STEEM on a regular basis. And yes, we're trying to earn some rewards. However, it's easy to get caught up in what's happening, or not happening, on the social side of things, and lose sight of what STEEM actually is.
It's a blockchain, with a cryptocurrency by the same name, that allows for all kinds of things to be built on it and/or connected to it. Not just blog posts, video posts, picture posts, upvotes or the like. Virtually anything that you can think of in the real world has a potential home on STEEM.
That means true commerce. Not what we do to earn rewards every day on the social sites, but actual use of STEEM or even SBDs trading hands. Right now, the commerce on STEEM looks like bidbots, or SP leasing, or the Neoxian bank, or contest prizes (the ones that are still STEEM or SBD based). It should have much more than that, and very little to do with the social side. In fact, the social side may very well feed into the commerce.
That's what STEEM is ultimately meant for. Right now, however, too many of us seem to lose sight of that. We see it as a social platform. We see it as an investment platform. And in doing so, we often see those two as working at cross purposes.
It's hard not to. Especially when the reward system isn't really set up to reward what everyone always says it's supposed to reward—quality content. It does it a little better when people actually use the social platform as it was intended, but even so, it's not that effective.
There's much more of a speculative aspect to the way the reward system works than anything. Curation in and of itself is a tangled mess of upvotes sizes, who upvotes, when they upvote, how many upvote, rather than being a simple allocation of rewards. Many of us don't even try that hard for ROI on our curation and are happy to get what we get back. However, there are plenty of others who want as much ROI as they can, and they develop as many strategies as possible. Which is fine, but unfortunately, they seem to be the ones pushing the dialogue when it comes to that kind of thing.
And frankly, it tends to minimize what STEEM really is.
If there were a billion STEEM worth of commerce happening on a monthly basis on the chain, social media would be a tiny part of it. It would have to be. The reward system isn't designed for that. Why do you think there's a set amount of inflation every day allocated for the reward pool? Why do you suppose it's shrinking every so often? Why do people say it'll get harder to make STEEM when there are tons of people trying to use the social side?
The social side is just the first step, to get people here. You and I. The next step is meant to have businesses showing up—not dApps that depend on the reward pool just like we do—but ones that sell products and services for good old STEEM. What happens to the social side, when, if, the other gets rolling is anyone's guess, but we'll probably look back on these days quite fondly, even with all its drama.
So, I guess if people want to keep arguing over payout splits and curves and downvotes, etc., that's fine, but we're not going to get to STEEM mooning that way. Why? Because social media, compared to many other things, does not hold much value.
There. I said it. As much as I love creating, and as much as I hate to say it, blogging on STEEM is not going to pay the bills, or even provide me a nice retirement. Getting businesses selling stuff in STEEM and people buying in STEEM, however, will.
So, those who want to continue to sell the STEEM platform as a place where you can post and get paid, go right ahead, but this is what you get. A depressed STEEM value, way underperforming its potential as a token because no one really sees that much value in social media. It's something you do in your spare time after work to catch up with the family, friends, maybe the news, and if you're into trolling, you do that, too.
Anyone can do it. And when anyone can do it, well, it loses value.
Don't get me wrong. I do believe there are some talented people here. I've watched some amazing and moving videos of people singing and performing. I've seen some great art, beautiful photography and some thought provoking posts. I've also seen people sharing their lives with others. To me, all of that holds value.
I don't think of that as social media, though, as much as I think of it as creativity. More like Patreon than Facebook, or Twitter.
How about we work more on creating sources of income, rather than fighting over the dwindling amounts we already have? How about we build businesses rather than another been there done that form of social media that people are always losing faith in.
Maybe we can stop demonizing one another over preferences and etiquettes, and start building big ideas and truly fulfilling dreams.
I've not been immune to getting into the middle of the discussions when it comes to the social side of things. That's where I happen to be the most invested, and where I would ultimately like to make my niche. But if I'm truthful about it, there are others who are already here and many more who are not that can create as well or better than I can.
I'd suggest, if you haven't yet, reading this post—Steemit's Evil Plan for Cryptocurrency World Domination—by none other than Dan Larimer himself. It was posted to the STEEM blockchain on July 6, 2016, so around the time that the blockchain really went public.
This is the vision of STEEM. This is the 30,000 foot view. The big picture. We need to stop messing with a few puzzle pieces as if they were all there is and start looking for ways to move onto the next step.
I know some are. Unfortunately, too many have ran into snags and fallen apart before they ever got started. Some are actually doing quite well, and if they play their cards right, will become major entities in and of themselves. We need more of that. Not more social media. We're the first step, not the end all of everything.
Let's take the next step.
Image source—Pixabay
Fully agreed. Steem is a versatile blockchain and social network is just the first application. Many people focus too much on the "proof of brain" aspect of it but Steem can be used for much more.
I haven't joined when Dan posted that piece, thanks for sharing!
Hey, @culgin.
re: Dan
I dare say the vast majority of us weren't here when that piece was written, so there's all kinds of education that needs to take place. Unfortunately, there's not a good way to go about that in a decentralized system, although people are definitely trying to get the steem onboarding going.
re: proof of brain
I know I've contributed to the working the margins, but I guess I'm done with it. Should have been done with it a long time ago. We might see improvements on the social side of things, but ultimately, we're not going to see improvement in STEEM until the people still on the outside see something of value here, and haggling over payment splits isn't what they're looking for. :)
Well @glenalbrethsen, I was already here when that piece of Dan was written!!
And yeah mate, I am the member number 51,069 here on the steem blockchain. And certainly I've seen & heard about so many promises, hopes, projects, essays, things & a bunch of great stuff to build here... that without a doubt we must keep laughing or see these crystalized pretty soon. };)
Hey, @por500bolos.
Well, cool that you managed to stick it out this long. Not many, relatively speaking, have, and most have lasted far less.
So, I've been asking this question around for a while now with no response. Maybe you can help.
What I'm hoping to find out is, why was the split changed from 50/50 to 75/25, and why did the curve go all the way to linear? What was happening at the time that seemed to warrant such a change? And what has changed that would warrant going back to former and tweaking the latter?
Thank you for your reply @glenalbrethsen. :)
Well, right now from the tip of my memory I don't exactly recall the reasons of those early changes in the percentage between authors and curation rewards, The steemit Inc. and witness consensus policy at the time. And all the math involved within the algorithms to modify the linear curve inside. I think those changes were established around the HF18 if I'm not wrong.
In an optimal & regular situation I would be able to quickly look for that info just for you. But unfortunately from two weeks ago my life has become upside down and my researching tech resources now are very limited. Excuse me about that.
Maybe with some mental peace and calmness soon, I could be able to remember something relevant and useful to answer your question. :)
I can agree with you pal. It seems these days most people are posting with the intent of earning rewards. The sad part is the fact that those who have the power will use it only for those they grow favor to. Nothing is wrong with that at all, I just feel sometimes we could get more content with meaning if everyone was chasing the buck. I like the fact that you can earn 2 different types of crypto coins. This allows a newbie the ability to start a small portfolio with little money needed up front. I wish I had stayed consistent over the last 2 years with this platform.
I think many are saying the same thing. I’m pleased to have done so for almost 2 years and look to the future with anticipation. It’s still early days though and not too late to get consistent.
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Yea I’m back at it and striving to get back to being a daily blogger. It’s hard with the line of work I do is I’m going to invest in some google glasses and just do live videos of my world as a tow truck driver. Thanks for the motivation pal
The Google glasses are a good idea!
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Hey, @slickhustler007.
Haven't quite made it to two years, yet, but there have been definite times I'd wished I'd done more, but I'm more or less back to some kind of consistent posting, anyway, so there's that. :)
Ultimately, though, we need to look beyond what we're doing here and either start building or invite others to build some commercial ties to STEEM. All our angst about STEEM doing this or that, or the users being a or b, isn't going to get us where we need to go.
I agree. I’m in the process of getting my towing business going here in Georgia and I plan on accepting cryptocurrency as a form of payment. I also plan on using steemit as a marketing tool to advertise the business and offer rewards for customers.
That sounds pretty cool too me. I wish you well with all of that. Do you have quite a few STEEM users living in your area, or are you also talking about making people aware of STEEM so they potentially have another option for using your services? :)
I have a nice amount of users but I plan to draw in more users with this marketing method I’m going to use. Give a bonus to those who sign up as well as having a company page that interact with the steemit community. Thanks for the support pal.
Excellent review @glenalbrethsen, and you are right, we need to take certain steps to improve our ecosystem and better populization of Steem in the whole world!
Hey, @serkagan.
It certainly would be nice to see that happen. We're still early days, but there's only so much spinning wheels we can do before the world passes us by. I think we've still got time if we put it to good use. So far, no one else is burning up the space (which hopefully means it's not an easy thing to do, not impossible because no matter what you do, people will exploit it. That would not be good).
I think one of the biggest barriers for businesses with Cryptocurrencies in general is the public perception and general lack of understanding how it works.
It will almost take communities to be built on the social side first to establish a potential customer base that can then use some of their stake to make their purchases. Whilst the end game isn't the social side, I feel it needs to be strong in order to nurture the commercial side when it comes.
Hey, @sparkesy43.
I think we're more or less in agreement that there is a need for more people, and more people with earned STEEM. At the rate we're going, though, it's going to take a while before that's the case, and we seem to be dependent on too many things for any of that to happen anytime soon. And, it seems like that's all people are aware of and concerned about. The social side, and all it might entail.
I think if we zoom out, look at where we want to go, and focus more on that, we'll get there, rather than marching around in circles like we seem to do. :)
Dear @glenalbrethsen
I only had a chance to read your post now and it's already a bit to old to upvote.
It is very unfortunate that STEEMit has such a similar name to STEEM blockchain. People will forever mistake those two things.
I like to explain it this way: STEEM is like a database in the cloud (storing all content) and Steemit is like a website displaying all that data (front-end). Not the most profesional explanation but most people get it right away.
Good read.
Yours
Piotr
Hey, @crypto.pitor.
This post is the first one I've had where it's made the rounds a little bit and is still being commented on several days after the fact, so no worries. That's the nature of the payout system I guess.
re: STEEM and Steemit
Yeah, I suppose. Seems like STEEM is in the name of a few apps, that or slap a "D" in front of it. But your explanation is dead on, and while they do get confused, the idea that STEEM is a social media platform only, or that was what it was intended to be is a wider problem than just Steemit. Up until last year, there wasn't really a whole lot else built on STEEM, and since social media is the first phase, and that's why people come, to try the social media apps, that's where we get stuck.
Thankfully, there has been more things built on STEEM. I'd prefer it not stop with gaming and gambling apps (especially the Magic Dice variety), but I guess things need to start somewhere.
Dear @glenalbrethsen
I just realized that I never actually thanked you for taking the time to reply to my comment. Appreciate it.
ps.
The hardest part of attracting attention on steemit is the fact, that our audience have very little chance to actually find our publications. Lack of solid notification system is an obvious issue. And regardless how hard I would try - there is very little chance I would find about your new interesting publications.
Please allow me to share some suggestion with you. If you would ever publish content related to blockchain, crypto, artificial intelligence, psychology etc. then perhaps you could simply send me memo with link to that post.
This way not only I would have a chance to read your publication, but I will also upvote it right away with 20k SP voting power. If I would consider it interesting then I may also share it with wider audience.
pss.
Did you ever consider using Steem-bounty to promote your content? I realized that even sending 1 steem to steem-bounty can get you quite a solid traffic (it's probably one of the most often visited sites related to Steemit).
Yours
Piotr
Visibility is the ongoing issue, isn't it? I use GINAbot on Discord for notifications. I like it, but I know that it's not necessarily for everyone (I seriously didn't think I would like it at all when I first tried it), and since there isn't anything on chain, just like everything else that might be lacking, we have the off chain workarounds.
re: I probably won't be sending you (or anyone) a memo link, but I do appreciate the offer. I'm not a fan of the memo messaging (to each their own though). As it is, I don't really write about any of those things, beyond a very shallow dip into baseline human behavior.
I've thought about the STEEM-bounty a couple of times, but have never tried it for my own post. I haven't seen it used that widely with the folks I follow, so maybe it's more of a thing amid other circles. I suppose I need to go check the SB blog again to see if traffic has picked up in the last six months.
Thankfully...I hate social media platforms...😉
I’m not relying on steem the crypto actually making me a millionaire, but it would be nice to see the blockchain go that way and make me that way anyway. For now I’ll keep working though...
Hey, @galenkp.
Probably not a bad idea to keep working, and I should get back into it myself, too, or something. :)
I'm afraid we'll need to be multi-millionaires for it to mean anything once the government gets done taking it's cut.
We need to get kickstart this chain into high gear.
I agree! Time to put aside the greed and hubris and drive forward together. My future doesn’t depend on it, but it would be a nice addition.
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You've got
DRAMA
!To view or trade
DRAMA
go to steem-engine.com.There. I said it. As much as I love creating, and as much as I hate to say it, blogging on STEEM is not going to pay the bills, or even provide me a nice retirement. Getting businesses selling stuff in STEEM and people buying in STEEM, however, will.
This is just the truth but a lot of people would prefer the social aspect to the business aspect.
Hey, @maxwellmarcusart.
Truth to tell, I enjoy blogging and creating more than setting up and running a business. So, that's fine. Not everyone is cut out to be a business person. Most aren't. And in reality, we're talking about bringing established businesses to STEEM, or connecting them in some fashion, just as much as we are having startups.
The idea is, however many human users there truly are here are here with some amount of STEEM and could start using it rather than just holding all of it or liquidating it into fiat. It would be slow at first, and it would take time for everyone to build it up, but along with business comes jobs, and so people could work and start earning in STEEM, too, not just through the social or investment side of things.
Right now, the best jobs are being paid to review reports for steemcleaners and also being paid for curating. I guess Steemit probably could be paying their employees in STEEM (though it could also be fiat). At any rate, onchain it's the former. We need more commerce of some kind. Even if it's a garage sale or ebay kind of deal. Goods and services that aren't all linked to curating and cleaning spam.
I just hope in the near future people will start adopting this method and incorporating their business with steemit.
To add to your suggestion, I think it would also help in expanding people's business horizons.
I really enjoyed your insights, thank you! Why does this seem to be such a big subject lately? Perhaps because of the upcoming hardfork?
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Hey, @famigliacurione.
I guess the short answer to the question is yes. :)
The upcoming hardfork originally was for the STEEM Proposal System (SPS) only, the one the blocktrades team programmed. Then, within the last month or so, the economic improvement plan (EIP) got picked up and formally introduced (though it's been kicking around for at least 8 months now). The EIP went from potentially being added into a second hard fork to being greenlighted for this coming one.
In my case, I'm bringing it up because it seems like we go around and around on how to improve the rewards pool/payout when really, a total revamp would be in order to make it do what we really need it to do, but since STEEM is designed more as an investment platform, we get what we get. Some people have put money in, others haven't, and so here we are, trying to make the social media part of STEEM work when there's a much larger commerce phase we should start stepping into.
Thank you for the long answer! Your short answer just kind of validated my own intuition, as I have not read a lot of the inner workings of Steem in the year that I have been around. Your insights that you shared in the above post really reflect what I have been thinking and feeling in these past weeks of absorbing the ongoing debates, and I really appreciate you sharing your thoughts. Your perspective is how I prefer to look at the future of Steem, and I feel more relaxed about going forward with my dedication to the blockchain, and what it is capable of, rather than the social media aspect, which I also enjoy. Thank you for your courage to speak your mind with conviction and a well-mannered articulation.
We are just the beginning and the testers of the Steem blockchain. Some have been paid quite well for this, but I totally agree that Steem can and hopefully will be much more than blogging platform.
We can all hope that, or we will just tread water until some other chain actually does the social stuff better and then we'll probably try to spend time on both. :)