Steemfiles Shutting down

in steem •  last month

Steem Files Logo

TLDR

  • Will be shutting down Steemfiles it has become an economic white elephant: Votes used to cover the costs but sales were never enough and were more often people trying out the system.

Economic Failure

  • Technically the site worked but economically it was a dependent on the Steem blockchain
  • Barely breaking even before the last hard-fork. Now Steemfiles is just a dead weight. It is time to cut my losses
  • An activity that constantly loses money is a hobby. An activity that constantly earns money is a business. Steemfiles is the former.

Educational Success

  • I gained experience using angular and interacting with RPC nodes in Javascript and Beem.

Lessons Learned

  • Never trust any instrument to maintain parity with the dollar except for the dollar. Ahem... nubits and steem dollar.
  • People will shamelessly upload things they don't own or otherwise abuse the system with files they cannot sell

Also posted under leprechaun. I do control both accounts.

Dash XjzjT4mr4f7T3E8G9jQQzozTgA2J1ehMkV
LTC LLXj1ZPQPaBA1LFtoU1Gkvu5ZrxYzeLGKt
BitcoinCash 1KVqnW7wZwn2cWbrXmSxsrzqYVC5Wj836u
Bitcoin 1Q1WX5gVPKxJKoQXF6pNNZmstWLR87ityw (too expensive to use for tips)

See also

Get some Swift with an ad free faucet: https://www.swiftdemand.com/?referred_by=leprechaun


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@steemfiles I watched this tool closely in order to start using it but noticed similar issues you just addressed in the post where it was a bit questionable if file was owned by up-loader and slow traffic.
Are you working on any other tools?

Thank you for giving us this tool as i believed it was a great idea. Cheers

·

Thank you for these kinds words. If you are providing a service and people can benefit from paying you over a the Internet somehow, there is a service I can offer you.

With cryptocurrency the biggest problem is either the fee, the volatility or the need to have an account. At least one of these we get.

·
·

I do agree.
Cheers