Vlog 398: Steemit Inc. separates wallet from Steemit.com and implements adds to earn revenue + STEEM Price.
Steemit Inc. has separated the wallet from Steemit.com to Steemitwallet.com.
They can now more easily implement changes to Steemit.com without having to fear about wallet safety.
One of the changes is already here: Advertisements while being logged in.
Besides the programmatic selling of STEEM, Steemit inc. (the company) has no revenue Stream, yet they have huge costs for things we all benefit from (Example: Dapps/Other frontends using their expensive API's, hosting our photo's, paying people to make the blockchain better.)
I'm happy they finally implanted adds so they can use that income stream to pay for costs of things we all benefit from.
Like the upcoming MIRA implementation:
MIRA will greatly reduce infrastructure (server) costs for everyone, including witnesses and developers and make this Blockchain much more decentralised and solid but it's not something you can SELL (like a Steem Monster Card) so besides cost reduction it doesn't generate money but it is something that is needed!
For this reason I'm leaving my add blocker off.
But a unique selling point of Steemit.com (no adds), is now gone. It does mean competition with other front-ends.
I used to be a 100% fundamental guy. That person would have been pissed off at the STEEM price rise compared to other tokens in USD.
I'm much more calm now. I can't thank my friend @ezzy enough for teaching me about TA (even after ridiculing him for months with his hocus pocus charts....sorry bro).
While the momentum of other coins have turned already STEEM being slammed down so hard compared to other tokens in the bear market just needs a little longer to catch up.
But we are close. I'm hoping we can break this resistance soon (Daily MA 200 on STEEM/USD).
I am part of witness @blockbrothers.
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