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RE: Explainer: Value Flows on Steem with SMTs [VIDEO]

in #steem7 years ago (edited)

What happens with Steemit?

Based on the many comments from Steemit, Inc. personnel over a period of many months now, development of Steemit.com seems to be an afterthought. They stated a few months back that Steemit.com will only be "just good enough." And recently on Steemit.chat, @sneak stated that backend development is the priority for the foreseeable future.

Simple features and functionality that have/has been requested by users since last year continue to be disregarded in favor of half-developed ideas and changes to blockchain protocols that drastically change user behaviors. Some of these blockchain protocol changes haven't even been requested by users or developers - they just happen to be related to Steemit, Inc's plans for future development, which is the exact opposite of decentralization.

The real issue, though - as I have stated before - is the constant conflation between Steem the blockchain/platform and Steemit, Inc., the company that owns the social media site: Steemit.com. When development of the website doesn't happen and the company that owns it continues with hardforks and other backend development, what should users, developers, and investors think/expect? The confusion lies directly at the feet of the company.

So...what happens with Steemit?

If I were a betting man: Not much at all, at least not any time soon. There doesn't appear to be anyone at Steemit, Inc. who knows how to run a social media site/company. And if there's no development being done and no immediate plans for it, let's dispense with the "Beta" pretense and just accept that this may be about as good a website as we're likely to get.

I suppose we can wait for the 2018 road map to see what the plans are, but that'll be at least another three months away. And it's not likely that the planned release dates for 2018 will be entirely accurate anyway.

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Steemit is an experiment, nothing more...

an experiment ? do you mean that will not improve and we are wasting our time here ?

I would say that is a question; but I believe you are asking the wrong person.. ;-)

Maybe, they plan to get the "backend" to a level best suited for mass adoption?

I like the idea of Steemit website so much. I agree with @nanzo-scoop and @ats-david.
It is becoming really dangerous to continue to ignore Steemit development.
This and only this was a success story so far. Steemit website. Not Steem!
As an experienced & successful internet marketeer, I can't wait any longer - I need to say this - @ned please read:

If you manage to combine this idea with an affiliate program giving 20% to the affiliates (20% of all Steem your referred users earn, not taking from them - adding 20% on the top of that), I am almost sure Steem will become the #1 crypto investment!

And several months later, on the top of success, you launch SMTs and everything else you planned!

Official steemit curators would increase the amount of centralization on the platform, and would do nothing to address the issues laid out in ATS-David's comment.

also you can't arbitrarily add "20% on top" as an affiliate reward, as that would increase the currency's inflation rate by 20%.

Hi heymattsokol. Thanks for your reply.

  1. Centralization - no. This work may be paid from the existing Steem hold in @steem or other company related super-accounts. May or may not be done by witnesses (bad work - no community support). And the daily amount of voting power required is low even with the current Steem/USD rate... after this thing works it will not anyhow add to centralization.
  2. This is in addition to development issues discussed by @ats-david. It is about how to make Steemit and thus Steem big using marketing side very quick. Tech side is also welcome for sure, but this marketing decision would be quick and efficient.
  3. Even if it is, who cares about 20% if this is the way to increase Steem value by thousands of %.

I see this as a great marketing decision and will be really upset if @ned will not even read it. If @ned reads it, just thinks it is not suitable, fine, but I need to inform about this opportunity as it is also discussed with a number of other good online marketers and everybody agrees this may skyrocket Steemit with very low effort.

"Even if it is, who cares about 20% if this is the way to increase Steem value by thousands of %."

I'm sorry but if you believe that increasing the inflation rate by 20% is something that people shouldn't care about, you are not thinking clearly about this issue.

There's no rational reason to believe that such a decision would "increase steem by thousands of percent" - if only it were so easy.

There are many reasons to expect great results. For example, don't you think such a marketing approach:

  1. will stimulate people to invest their time to MUCH better content, including comments?
  2. stimulate tons of new users to register and to add value to the project knowing anyone can earn well from the start - just deliver the quality content?

Referring to TOP-30 posts/comments idea - this is super easy to implement, no risk at all. Referring to Affiliate Program - depends on where to get those 20% affiliate reward... but do we have any other idea how to skyrocket this project cheaper?

I know for sure - when a project does not have a huge marketing effort for daily promotion across all media channels, just do a non-greedy Affiliate Program. The more you share with affiliates the better - they will skyrocket your project. For example, IQoption - the largest trading website in the world - appeared from nowhere, became #1, billion dollars in turnover. Why? They were not greedy and offered 50% to their affiliates.

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I dont know why "they" throw such a great idea and just sat on it like this...reminds of Bernie Mac in def jam when asked a prisoner:

B: Say brother, why u here 4?
P: Nuttin!
B:Well how long u here 4?
P: 'Ever!
B: That's a very long time that u took the "4" out that maddaphaka

Interesting how people think they can make money on steem by replying to posts...

@coingirl sometimes it happens...its called the lazy man syndrome..

It's always been pretty clear that steemit.com isn't the top priority for Steemit Inc and I think it is the right choice. They should be focusing on the blockchain itself. We've already seen what individuals can do here with the releases of @Dtube and @Dsound. Making the backend work flawlessly even in the face of mass adoption would attract even more such individuals and projects.

Also SMT's would mean that these developers can do ICO raising funds just as with Ethereum. This is a big deal and will certainly grow the value of the whole ecosystem.

So I'm saying Steemit Inc should focus on the work behind the curtains. Make the engine work so car builders can use it.

Steemit.com will be just one of the many. It's just a stepping stone, nothing more.

Very interesting counter point!

I really have high hopes for steemit... i really do... I'm hoping whoever is actually behind the development of steemit.com will listen to the users and give them the 'social media' fixes that are keeping us from making it to the mainstream. I really think @ned and @dan were on to something here!!! Lets get steemit.com out of beta and really do this thing!!!!!!!!!!

I like the information :)
But for the future i have a little tips when it comes to making video.

The background music in this video was so load that it was no longer the background music, but become the main sound in this video, and some times it was actually difficult to hear what was said because the music was loader then the one that talked.

I only say this, because i think in the first place it was a great video and want the message in the video to be clear. :)

Hope you have a great day when u read this.
(Sadly i dont have voting power for upvote now, so i can only comment..)

I see the points you are making but I do feel back end dev is much more important right now. Remember that by any reasonable measure these are still the incredibly early days of this enterprise. I can live with a functioning site that could look prettier and I dont see any of the current UI issues as more than little niggles personally

Seriously. Any account can be killed by individual(s) with clout, publishers aren't going to sink in time/money/investment into a system with no protection nor recourse against that.

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