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RE: My Thoughts and Theory on Steem Price Sustainability

in #steem3 years ago

Great points - it's so important that people in general upgrade their awareness of what Steem is, to include the understanding that it is effectively a socioeconomic system and not just a social network or a cryptocurrency. As we already discussed an app that can track the profit/loss performance level of an account somehow would be really useful. It would be difficult to create accurately though as it would require a degree of manual input to link some transactions to each account and each of those might be open to manipulation/fakery. I will look at coding something like this on steemocean asap.

One of the issues with user retention is definitely the feature development of Steem based UIs and knowing what people really need on social platforms.. We can onboard new users but to retain them they need to enjoy their experience and also consider that their experience here is preferable to Facebook etc.
I feel like I have a good understanding of that, but I don't have time or budget to build a UI - so if any UI builders want to work with me on that, I am open to it. Ultimately though, it's not so much about what any single person thinks is best - it comes down to the real world choices made by the market. Agility is therefore, key - which in turn means having a creative coding capacity that can produce new features at speed.


It would be amazing to see that change to steem ocean!! It’s a really crucial thing to see! But will need maintenance! For example we bring money into other accounts than our own at times.

Absolutely need flexibility. Decentralized systems are not convenient due to their decentralised nature. That is s true down side. If we can solve that with the steem community, we can put ourselves head and shoulders above other block chains

Yes, being able to connect transactions to accounts in ways that aren't recorded on the blockchain currently is needed. The best solution to that would be to add extra tracking ability into the blockchain directly at the blockchain level so that there would be an extra value in the accounting that tracks who the instigator of a transaction is, in cases where it isn't obvious purely from the transaction data we currently record. It would be good to have an accounting systems expert to provide a tried and tested way of handling that. I have accounting systems experience, but I am no expert in them. I could come up with a solution anyway though, I'll get to it in January most likely.

I gave a talk at the weekend about decentralising the entire world and as part of that I quickly realised that distributed systems are hugely better than decentralised systems - but more challenging to create and refine. Whoever creates the next gen distributed network for these kinds of applications will be onto a huge evolution.

@cryptocreator is a finance expert and I’m sure has expert knowledge in these systems

@cryptocreator is a finance expert and I’m sure has expert knowledge in these systems