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RE: Small Steem idea
I guess I wasn't clear on my post. I don't say that we should add fees to the current transactions that Steem supports, but to the parallel blockchain that should be supported by Steem.
This way, the people who do not want to create actual Steem accounts and power up, will still be able to send and receive money very easily, maybe even easier than on Bitcoin and Ethereum.
I see this as being the only thing which Steem is missing compared to other major blockchains. The capacity to generate and use addresses instantly...
Stellar, Cardano, Decred, Bitcoin Cash fare better because they offer something simple: they are cryptocurrency systems. This is "hot" right now and has been for about 3 years. The rest is marketing.
Steem fares less well because it's positioned as "social media ". It's all about marketing. Social media is "passé". People are lazy. They can't keep focus for more than 2 minutes. They can't be bothered to go deeper.
Accumulate STEEM at low prices (buy the dips). Bring original content creators to steem. Explain what steem can do in institutional settings. Bring Steem on exchanges where it can be bought and sold for fiat. Bid your time.
You don't win these contests by "dumbing down" and selling out your spirit. Back in the 2000 there was this book that was much talked about "Good to great" about widely successful companies. The following decades have shown that overall the theory peddled by that book was crap - the authors were fooled by "survivor bias" and mistook correlation for causation.
But not everything was crap. One of the useful concepts that the authors used was "the hedgehog concept"
When you got something right and people don't see it, you don't give in, renounce your superior concept and become like everyone else.
On the contrary, you do a hedgehog, focus on execution and bid your time.
Steem is hands down the best blockchain system currently in production. Don't get distracted by trying to compete with inferior products on their terms.
Focus on implementing RocksDB and preparing for massive scaling and implementing "sub-domain semi-trusted execution " to support SMTs and thus both ICO s and communities.
Bid your time. People will end up by discovering "the diamond in the rough"
So you say that there are better things to focus on right now, I can agree with this, but I still find the possibility to generate addresses and make instant payments without needing an account, a very helpful feature. And from there it can go and develop eventually as a privacy focused blockchain, like Verge or Monero. I guess this should be considered after the next two hard-forks :)
People just need that, in my humble opinion.
I disagree with you but having a variety of ideas is clearly a plus ! :)
If steem were to give people the ability to make instant payments without an account then "easy come - easy go" : the kind of people you'd attract would be people that you don't need nor want, people who do not care about steem nor the community, who are just into shuffling some money (which they can anyway do in dozens other systems)
Friendly key management (using an easy to remember human handle and a password) is a big plus for steem - with this you attract "normal people", not "cryptotards". We need to attract normal people, not crypto enthusiasts who look for the fastest crypto payment network. If we go into quick generation of key pairs we are actually regressing, not progressing
Yeah, but these "crypto tards" are the ones that use massively the top chains, and then they will be the only people who will pay fees. I see it as a win-win scenario. And yet, this kind of people are here too anyway. There are a lot of people on this blockchain for the get rich quick, and some of them leave as fast as they realise that this is not possible.
My point is that we need to attract new investors, and many of them may not be okay with having a transparent traceable username on a social network to make transactions, but more of an instant key for making payments and receiving funds to it from exchanges. And since they will be using this key and the Steem blockchain, they may get tempted to finally make an account and power up some Steem, which they may have never went for in the first place on the current structure.
I appreciate any kind of opinion and criticism since it reveals potential flaws of implementing this option :)