RE: TAS Ep 6: Steemfest, Steem's Killer App, Ketosis Update
Andy great talk! What do you think about Intermittent Fasting? Been doing it for 5 years now and I will never go back to any other dieting lifestyle. Want to know how it compares if you know about it.
Secondly you have interesting thoughts about Steem's killer app. But I'm a little skeptical that a turnkey solution for other potential industries is a better killer app than what is presented here. That is mainly due to the crypto-economics of Steem/SP/SBD/Vest etc. Are you envisioning every licensed platform having the same type of up-voting pricing model? Or using Steem to create other types of tokens with other properties? Or just using a token like SBD to price? Whats the way of pre-funding or jump starting those economies without each going through a crowdsale/KickStarter like phase?
Or are you thinking they would simply buy into SBD and such to start their community. That could be a huge barrier to the average community especially if you are competing against the Dollar. Not to talk of the saturated market for token creation or User Issued Assets. The platforms are endless. Furthermore I don't see why SteemIt could not implement tools that would make it more along the lines of Reddit and integrate all these potential communities you see licensing this turn key product.
I think you were definitely on to something by emphasizing a product that fixes an actual problem rather than a solution in search of a problem. Some have argued that SteemIt was a solution in search of a problem rather than the other way around. But I think SteemIt still has a chance to be a Killer App. Love your SteemIt Explainer by the way. I'm a filmmaker so I appreciate entertaining content. Let me know what you think. Peace!
I have no real opinion on intermittent fasting other than it seems to work well with ketosis. But I haven't quite intentionally experimented with IF aside from what I described in my video.
Sorry, I don't think I explained my idea well enough. Steem allows for subchains. Subchains are kind of branches off of the Steem blockchain that other applications can use. So if someone wanted to create an app that enabled people to trade their babysitting hours they could do so on a Steem subchain. Steemit Inc could facilitate the creation of such apps by creating a tool that automates that process. These subchains could use the identical Steem/SP/SBD monetary system OR it could use a monetary system custom built for its purpose. This is another service Steemit Inc could potentially provide; the expertise of how to build the right crypto for your application. This services a fundamentally different customer than Steemit Inc because anyone trying to build a specific community (whether it's a babysitting collective, home-schooling collective, book club, comic book trading club, etc.) is never, EVER going to look to Steemit to serve that function. Steemit is only a social network. Mind you I am not saying that work should stop or even slow on Steemit.
As far as licensing or anything like that, this would be an open source project, Steemit Inc would provide the tool for free because that would maximize adoption which would maximize the demand generated for Steem (subchains still use Steem).