RE: Steem Business Loans: Better projects and content in a larger market of middle class users
A large middle class doesn’t attract new (interface/app) developers though.
The knowledge that developers who build a thriving community can get a significant delegation from the guardians, makes it easier for them to believe in the potential of possibly growing a larger and thriving middle class of users.
This fits in with the concept that Steemit’s UX is poor by design.
For Steem Inc, who are massively vested because of the huge amount of Steem they hold, the growth hacking curve is just faster if they target larger amounts of delegations to specific geolocations (previous 5x 500k delegations by Ned) or to new, already thriving projects.
Those are low hanging fruits, easy wins. They lead to much higher visibility.
And hopefully... eventually, they will also cascade in a much needed larger middle class. Hopefully.
How long is too long to develop this?
Another 12 to 18 months of growth hacking focus would make sense (spoken with my startupper cap on).
That said though, I’m happy that Steem Inc does understand the need for many interfaces to the blockchain because the longer I’m here, the less I think they have what it will need to take the steem ecosystem to the next level.
Luckily, right now, we have a solid set of witnesses. Let’s hope that can be maintained and we can shift focus, pressure, to those who actually make the ecosystem happen and function.
Thanks for the extra insight @fknmayhem this is really helpful. And great essay @tarazp. I have nothing to contribute to this conversation but I'm loving it.
I think that this is why they are working much more heavily on the back-end so then a motivated third-party can create something truly beautiful on the front. At the end of the day, it doesn't matter who does it but, doing it is necessary.