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RE: Why Steem is falling and what we can do about it

in Project HOPE6 years ago

Hi @happyme

Welcome to PH (project.hope) community :) Hope to hear more from you in the future.

realized there was a lot one could learn from that video.

Could you tell me what kind of knowledge one could expect to learn from this video? 2h is a lot and it would help me if we would know what to expect.

Instead, I discovered that there is a group called Team Steem that is handing out Steem Power (SP) to a select few who are aware of these hand-outs and can convince the team that they are worthy of support.
I didn't understand that part ...


Steem is supposed to be a social media platform, so why are we still treating it like an investment vehicle?

I'm not sure if I agree. Steem (as a blockchain) was not supposed to be a social media platform. It's a token, which is considered moslty an investment vehicle and store of value. That's quite natural.
The fact that Steemit (dapp build on top of steem) ia a social media platform doesn't deny that STEEM is what it is.

Facebook has huge advantage over Steemit. They knew how to monetize traffic. On steem and hive majority of users are against ads and sharing much of our data (necessary for ads). And in result -> this monetization (which is a succes of centralized social media) is not happening here.

The fact that we're attracting the wrong kind of people is ... well. Very true.

ps. check out comment from project.hope and cyu on our discord.
Cheers, Piotr (@project.hope founder)

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Thank-you for engaging in this discussion @crypto.piotr

Could you tell me what kind of knowledge one could expect to learn from this video? 2h is a lot and it would help me if we would know what to expect.

It would take me several hours to go over all the things one could learn from the video. It is a documentary explaining how the Amazon empire was formed. Amazon is a big successful business and it started from very humble beginnings. Each step was a move to grow the empire and each step is something that could be repeated/copied.

Instead, I discovered that there is a group called Team Steem that is handing out Steem Power (SP) to a select few who are aware of these hand-outs and can convince the team that they are worthy of support.
I didn't understand that part ...

Team Steem is offering support to only those who are aware of the program and of course, only those who apply and qualify can then get that support. That leaves out all those who do not know about the program. Why not support everyone universally?

Steem is supposed to be a social media platform, so why are we still treating it like an investment vehicle?

Good catch! Thank-you for that. Please substitute Steemit where I used Steem. You are absolutely correct in that Steem is a crypto-currency. What I meant to say was that Steemit was advertised as a social media platform and all efforts to date seem to have been focused on keeping it as such. Considering the drop in status, I would suggest that those efforts are not working as planned. For instance: A big deal was made about how communities would be such a great thing for Steem (note that this is a social function, not a monetary function), yet all it has done is segregate the community into fractions. What Steem needs is a method to include everyone rather than segregate them. The idea isn't bad, it is the implementation that was bad. There is no cohesiveness.

On steem and hive majority of users are against ads and sharing much of our data (necessary for ads). And in result -> this monetization (which is a succes of centralized social media) is not happening here.

If you watch the video about Amazon, you might realize why that kind of thinking is short-sighted. It is this kind of short-sighted thinking that is holding Steem back.

 6 years ago 

Hi @happyme

I only realized that I've never read your reply (somehow I didn't notice your comment) till now. so BIG THX! I always appreciate.

Thanks for always being so responsive buddy
Yours, Piotr

Any time I log into Steem, I click my icon and then the "REPLIES" button. That brings up all replies to me. When using the Steemit front end, all the replies I have not looked at yet are bold, so it is easy to see what I've seen and what is new to me. Not all front ends do that, and this is one reason I prefer to stick with the Steemit front end. I'll tag you as well, in case that helps, @crypto.piotr.

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