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RE: The changing Steem ecosystem and those who don't change

in #future6 years ago

Steempress has much less risk thanks to a 1,000,000 delegation. Without that, then there would be definite risk, as a 15% cut of 0 SP is 0, and curation is 0 as well. But they get a nice chunk of 15% and curation with 1,000,000 SP delegated to the project.

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The real risk begins now as we are both leaving comfortable jobs this summer (Orange in the case of Howo, and the European Space Agency in my case) to pursue SteemPress and developing Steem projects full-time.

It is true that delegations help a lot here. However, on the flip side, they come with the added risk that if your business model relies purely on it as a source of income then you will go to zero if for any reason you should lose the delegation.

But it is a great asset of the Steem blockchain that any large stakeholder (or community of stakeholders) can help StartUps get going.

Risk depends on other opportunities. I have a friend who was a pro hockey player. When he was young he chose to stay playing in his home town for a couple more years because it was easy. The decision likely cost him an NHL career. He still retired a pro hockey player in his native Sweden and will never go hungry but, he also never played NHL or for the Swedish national team.

If Steem fails, steem is worth zero and those who risk alternative careers may not have opportunities to get back on that path.

The delegation makes things much easier for sure and as said, the decision isn't available to everyone. The risk is relative to the individual's prospects though.

Its still nice considering the creators of steempress have invested into Steem themselves before receiving a delegation. There's even lower risk for those who just come up with an idea and get a delegation.

Yep, I didn't mention this part either. They were invested here well before Steempress and have worked on a range of other projects also.

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