RE: Steem Basics: Why Steem is an Application-Specific Blockchain

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Steem Basics: Why Steem is an Application-Specific Blockchain

in steem •  18 days ago

As Steem has demonstrated, when you pick the right features and focus on doing those really well the result can be explosive growth.
@SteemitBlog

  • What are the right features that Steem has picked?

     For what use cases?
     For what benefits? 
     For whom? 
     UX? UI? 
    
  • A corollary, what are the right features that @Steemit has picked?

       For what use cases? 
       For what benefits? 
       To whom? 
       UX? 
       UI? 
    
How long more will we be taxiing to the runway?

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"The result of this approach was to build Steem so that it could store content in a decentralized content management system and then autonomously distribute tokens to the creators of that content based on crowdsourced stake-weighted voting." Btw we are not saying these are the only "right" features. We came up with a theory based on the media landscape as to what would deliver a lot of value. That theory was based on what web platforms were generating a lot of value in the present, and whether blockchain technology could be applied. Reddit emerged as a model based on the convergence of these two questions. We then built a protocol specific to powering similar applications and the result has been rapid growth and adoption by both users and developers. We believe this validates the theory, but then that too is just a theory. The goal here is not to claim we're doing everything right, and everyone else is doing everything wrong. I think that attitude is unfortunately endemic to the space. Instead we are merely trying to elucidate our thought process and approach for those who are interested.

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those who are interested.

Of course, I'm interested, @andrachy

  • Posting for a little less than 2 years.
  • Attempting to evangelize @Steemit
Attempting to understand the thought process.

May I request you to clarify the following:

That theory was based on what web platforms were generating a lot of value in the present, and whether blockchain technology could be applied. Reddit emerged as a model based on the convergence of these two questions.

A blockchain Reddit?

the result has been rapid growth

By what metric?

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Off topic, @andrarchy
Please review the Steemit Wikipedia page.