Steem comes in at #10 in China's latest Blockchain Rankings, but lacks real applicability!
According to the CCID, steem is falling well behind in the applicability category.
The CCID (China Electronic Information Industry Development) came out with their 11th monthly blockchain rankings.
Surprisingly, or not surprisingly, EOS continues to rate as the number one blockchain.
A spot they have occupied for months.
They are followed closely by Tron and Ether, respectively.
What is interesting to me is where steem ranks...
Steem came in ranked at number 10. (One spot worse than last month)
If you recall, when the CCID first came out with these rankings (roughly 10 months ago), they ranked steem as the second best blockchain in the world behind only Ether.
Admittedly, EOS and Tron were not included in the rankings at that time because they were so new, but still...
Even if you included them, that would put steem right around the 4th spot.
However, looking at the list, we can see that steem sits all the way down at number 10:
(Source: https://www.ccn.com/why-bitcoin-plunged-to-15th-in-chinas-bizarre-crypto-rankings)
My how the times have changed in the last 10 months...
What gives?
Well, looking at the ratings criteria we can see that one particular rating category really stands out for steem...
The applicability category.
Out of the 15 blockchains listed, steem scores as the 4th best in terms of basic tech, but it scores dead last in terms of applicability...
Dead freakin last!
And, it's not even close...
In that category, steem comes in with a 9.7 and the next "lowest" rating is a 14.3.
Steem literally is in a class all on its own in terms of a lack of applicability.
Yikes!
What does that tell us?
It tells me the developers haven't done nearly enough with what they have been given to work with.
We are approaching 3 years of the steem blockchain being live and in the wild and we don't have a whole lot of development or uses cases to show for it.
Hopefully that changes before other chains catch up in the tech aspect (which they will, they already are) and steem gets left behind. Which very well could happen if things don't start developing here, and quickly.
Oh and btw, if you think this is just one county's thinking and doesn't matter much overall, check this out:
The coinmarketcap.com rankings give steem a "C" rating, with roughly 73 other projects rated ahead of it and only an "F" ranking as a worse grade than they received...
Again, yikes!
So, the next time you are told that steem is light-years ahead of every other project (like we tend to be fed by the powers that be) show them the these two rankings.
A 3 year head start has been completely squandered, the time is now to make something happen if we are ever going to.
Stay informed my friends.
-Doc
Steem has a lot of problems but these rankings
vastly underestimate this platform.
When it really comes down to it,
none of these highly ranked blockchain projects
have any truly decentralized apps on them.
You can't just slap a centralized app controlled by a single entity on a blockchain and then call it decentralized because the blockchain it's on is theoretically decentralized.
There is literally zero competition in the space right now.
The market is up for grabs by anyone.
Is there a demand for decentralized apps? Serious question... Outside of the mostly niche group that is crypto users, is there really a global demand for decentralized apps?
Yes people didn't like what happened with Facebook recently and their private information, but they also really like having someone to go to when problems come up. Someone/someplace where the buck stops...
Show me a single decentralized game owned, secured, and developed by the players (community). It doesn't exists.
Such a game would go instantly viral if done correctly.
Why do you think it would go viral?
Judging by the fact that they have no users. No. there is no demand.
Good point.
I don't buy what they are saying. Something can't go from being so good to be so bad in a short period of time like that. Things are changing all the time and I don't think there should be any panic.
Well they actually have scored right around that 9.7 number just about every time in the applicability category. It's that all these other projects are scoring better in other categories each month. Basically, they are saying steem is staying flat while others are improving. I agree.
#10 😂👍😂
Is number 10 good?
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Thanks.
Upvoted thanks for the valid points here. we know the Chinese system is a bit odd, with bitcoin so low, but you're right here, Steem is not looking as good as it should. I don't understand why, it's the best social media blogging platform on the block-chain.
Yep, but with declining user numbers and not much else to show for it... steem continues to slide in the ranks.
Aha I understand. If I may ask, does the declining members mean those left get a bigger payout on upvotes?
Correct. The reward pool is mostly static... so if the number of votes go down then the steem allocated per vote would go up. Though I haven't check to see if the amount of steem power voting has gone down or not... it is mostly new users with not much SP that leave.
Aha I understand, thanks for the clarification.
But yes, in theory if everyone left except for you... then your votes would allocate the entire reward pool. Perhaps people leaving isn't so bad. :)
lol
Or perhaps just the largest accounts stop voting again... that wasn't so terrible.
I am surprised to see that low score on applicability as the protocol has been able to demonstrate flexibility with the different Dapps that have been deployed so far. I would think that part of the problem of Steem in China is the fact that the blockchain is censorship resistant and given the issue there with media, I am not sure how “friendly” it would be to be deployed broadly there.
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Well the blockchain is censorship resistant, like other blockchains, but steemit.com is just a private website ontop of the chain
fff even an ICO beat us grrr
Yep, and bitshares, which seems odd to me.
do you happen to know who owns bitshares? or who is running it?
just curious.
No one owns it per-say. The blocks are produced and verified by the witnesses, similar to steem and eos. It was created mostly by Dan Larimer
This post has been included in the latest edition of SoS Daily News - a digest of all the latest news on the Steem blockchain.
Thanks.