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RE: SMTs Release Dates!
Steem is stuck in the overall trend of the alt coin market and One announcement is not going to change the course of an entire bear market even if they had said 2018. All coins have been going down.
Yes I'd prefer to see 2018 as would we all. However I'd rather see hivemind first.
I'd like to see some people analyse how other companies using the steem blockchain with their own currency will impact the price of steem.
Okay but they said in this post they want to focus on SMTs. They did not mention Hive Mind coming in 2018 or anything for 2018. Big difference.
Also the problem with Steem is it can't hold value. It's literally leaking BTC value on a daily basis and now it's to the point that the reward pool is so small that it's not just unsustainable but even the community now is complaining about it. I would say the Steem developers need to do something to make Steem a better store of value while they work on SMTs.
Yes, exactly this - there should be work on fixing the economic incentives to make it better to hold SP. Better to buy SP for profitable content curation than buy SP to profit from trading votes. Why has this little bug been left on for so long?
Hivemind is a non-consensus application layer, that is independent of the blockchain code. From what I've heard, the two projects are independent and being worked on in parallel. SMTs will be the next big "blockchain" development, but that should not mean anything in regards to Hivemind development slowing down.
I would start with mixing some promoted post on the trending page
That is a good idea. A lot can and needs to be done honestly. They can do this simultaneously while building SMTs. Build the store of value for Steem whilst building SMTs.
It's following the market trend is it not? In fact the other day it crashed 10% while the majority of coins on binance went down closer to 20% ... i don't want it to go down. But I just don't think one announcement can be stronger than the general market cycle. Traders these days are trading trends not investing long term off of awesome news. (wish they were of course)
That is not the point though. The point is Steem has a community and ecosystem bigger than probably all the top 10 platforms combined yet isn't in the top 10.
Oh i didn't realize that was your point. #noted
Bitshares has a higher market cap than Steem. Can you believe that? Not saying Bitshares isn't good tech but the Steem community has over a million accounts. Even notorious sh*tcon Dogecoin has a higher market cap.
now you know what is undervalued. It is unbelievable that even Dogecoin has a higher market cap! Perfect buy time.
The lack of news about Hivemind worries me. While both HF20 and this post are very welcome, do they imply that communities have been pushed down the road, and will arrive later than SMTs? Or will there be a separate announcement?
(repeat of a comment I replied to a similar question)
Hivemind is a non-consensus application layer, that is independent of the blockchain code. From what I've heard, the two projects are independent and being worked on in parallel. SMTs will be the next big "blockchain" development, but that should not mean anything in regards to Hivemind development slowing down.
This alleviates my concerns, thank you.