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RE: Steemit EXCLUSIVE: Witness Tim Cliff Talks SBD & STEEM, Succeeding on Steemit, More!

in #dtube7 years ago

Loved this interview. I'm poking around with the idea of creating a company specifically to host block production on multiple blockchains like Steem, EOS, bitshares, etc.

Anyhow I loved the note that producers can't be in it just for the money. Everyone wants enough money to live, but lambos and moon dreams are dangerous when you talk about block production in some of these communities. Steem, for instance, is more of an influence market, if Tim were to sell out today he would risk cratering investment into steem and could disrupt the market that allows it to be valued at nearly $10 per sbd. There's a responsibility as a witness to make sure you're making the platform better for everyone, not just in your balance sheet of sbd, but also as a person who can curate influence and make sure the right content is being promoted on the platform.

Point is, it ought to be more of a full time job than many people think. Lambos and moonpie just won't cut it.

In the distant future I can see sales of steem as large as his be negotiated from witness to witness like large companies. Instead of exchanging on the market and risk putting all of that influence in the hands of god-knows-who, wouldn't it be better for a witness to sell their influence to a peer who proved to be a trustworthy leader? At the same time it sidesteps the issue of crashing the price. To sell large amounts of this stuff on an exchange would promote volatility and risk hurting the network, to do it in a lump private sale might prove to be more of an easy process where the seller might get less, but would have power to put restricitons on the sale.

Just an idea. Great interview.

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