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RE: WHAT IS STEEM LOOKING LIKE AFTER HARDFORK 22

in #planet5 years ago (edited)
I'm afraid I don't agree. The result of tribes, when you get down to brass tax, is that people are being brainwashed into thinking that the rewards they get in the tribe token should be enough for their content.

What should be enough for one's content is for oneself to decide. Every content creator alone will decide that for themselves.

Tribe tokens aren't worth fck all. Basically, we're all being sold the idea that it's acceptable to go back to the start for us... Meanwhile those who actually get decent post rewards in steem continue the circle jerks and actually make some money.

I thought the issue was the prevalence of Steem-centric content and not money. You said there was too much content about Steem here. I answered that Tribes and later Communities will address that implying that this is because they are focused on specific niches.

Of course, if tribes succeed then I'll be proven wrong and I'd be happy to be.

The tribes are so small that they're really just seeds that have the potential to grow into something larger. I think it's too early to judge the tribes. I think one tribe that has a very good chance of growing into something much bigger is DPorn. The adult industry has always been eager to adopt new technology. The PORN token or PORN POWER to be exact has one clear use case in addition to speculation already: it can be used to incentivize the content creators to create content to please you. The community is so small that everybody talks to everybody. Someone with a lot of PORN POWER is capable of simultaneously acting as both a consumer and a producer. That's something totally unique. Other tribes may have similar strengths deriving from their unique characteristics.

As to what you're saying about delegations. I don't think I have a narrow view at all. Without the delegation mechanism projects would have had to actually invest in steem power to incentivise their target audience. This would have created buy pressure on the token offsetting some of the sell pressure that had plagued steem. I'm not the first to point out this negative of the delegation mechanism. During the bull run steem had a massive userbase and potential market for projects to target. Many would have bought SP if they hadn't have been gifted SP. Meanwhile steemit.incs SP could have been put to work in many ways we can't even envision because it didn't go that way.

I don't think many of those apps would've bought any SP at all in that case, particularly not during the bull run when it was very expensive to do that. And no, Steem never had a massive user base. If we now have 10,000 unique daily active users, we may have had something like 50,000 at best. Steemit, Inc has always had very limited personnel to do anything with its SP which it holds mainly to power down and cover the cost of development, running full nodes and buying storage space for binary files from Amazon Web Services.

STEEM was already under massive buying power during the bull run but it wasn't sustainable as the entire altcoin market is still extermely speculative.

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