Steemit Winter Update: 2017 reflection, our Vision Statement and Mission, and a look forward

in #steemit3 years ago (edited)

In this post, we want to bring you up to speed on what is happening inside Steemit, as well as give you our perspective on the successes (and failures) of the past year, let you know what we see as our mission going forward, and provide some insight into what we have planned.

Steemit’s Vision and Mission

Through our vision of empowering entrepreneurs to tokenize the internet, our primary roles in the Steem ecosystem are providing the community with software enhancements to the Steem blockchain, modular framework applications made up of components that can be leveraged by application developers and inspiration through these platforms to entrepreneurial end-users. We believe we must build in ways that create as many opportunities — and catalyze as many amazing Steem-based entrepreneurs and communities — as possible.

With more than a dozen self-sustaining user-oriented applications (such as Busy.org, D.Tube and Uptopian.io) already integrated, Steem has more widely used applications than any other blockchain. There are more tools coming to spur adoption of Steem much faster, such as Steem’s Smart Media Tokens and Steemit’s Communities. Because of these developments, as well as the active Witnesses, community-oriented developers, and the platform’s track record - we believe there will be more than 100,000 entrepreneurs of meaningful standing building businesses on Steem within five years. Our goal is to deliver the tools and interest that crystallizes this future — one rich with opportunity for people to build their business on Steem.

2017 a year of growth

2017 was a year of growth: growth of the applications building on the Steem platform, boon of its currency STEEM, expansion of the Steem community, and development of the Steemit organization. It is exciting to see that the price of STEEM has risen by more than 5000% to over $4.00 since the $0.0691 low back in March. Steem has attracted hundreds of thousands of new members, many applications have seen 1000%+ growth, and our portion of this ecosystem, steemit.com, attracts millions of unique active visitors each month.

2017: What we did right

Scaling

In 2017 (and early 2018), we dedicated massive resources to scaling — more than we had anticipated. This took a significant amount of time away from feature development, but we feel it was time well spent, because it lays the foundation for us to grow the platform significantly larger, in a way that is economically scalable for exchanges and developers.

TONS of new applications

We have seen massive growth in the number of third-party applications built on top of the Steem blockchain that are now flourishing. This includes Busy, DLive, DMania, DSound, DTube, Utopian.io, Vessel, and many more! We are very excited to see the innovation coming from our developer community, and we are looking forward to seeing a lot of new applications in the coming year.

Free image hosting

Free image hosting and an easy to use interface was added to steemit.com, so that users can quickly upload their images directly into the posting editor as they are creating their content.

Delegated Steem Power

The blockchain rules were updated to allow users to delegate Steem Power to one another. This has allowed large stakeholders to share their influence with other members of the community, so that their stake can be used by others to benefit the platform. As a result, entirely new businesses have been created that provide new opportunities for users to bootstrap their presence on Steem.

Multiple Beneficiaries

The change to allow multiple beneficiaries for a post/comment has provided a means for application developers to build on top of Steem in a way that provides a use-based revenue stream. This will be an essential feature going forward, as it will allow many new businesses to form on Steem.

Linear rewards

The change to a linear reward distribution has ensured that the impact of each user’s vote on the rewards pool is directly proportional to their Steem Power (i.e. their stake in the platform). Users now feel more empowered, and they can see the direct correlation between the amount of Steem Power they have and the strength of their vote.

Condenser improvements

Many improvements made to the condenser/steemit.com website make it more attractive and improve the user experience. This includes a new design, multi-language support, night mode, and many other enhancements. We have many more improvements in the works (such as notifications 2.0), but a lot of the larger improvements are on hold until after Hivemind and other back-end services are ready to support them. We are happy with the progress so far, but many more changes are planned for 2018.

Steem Developer Portal

The launch of the Steem Developer Portal has laid the foundation for a centralized set of documentation, tutorials, and onboarding materials for the Steem API and core client libraries. The portal will continue to evolve in 2018 (with better everything), as we expect this to be a critical tool for fulfilling our commitment to a quality development experience.

Steem software open source

We deeply value freedom and innovation, which is why we changed the Steem license to the MIT open-source license. This gives developers and entrepreneurs in the community the freedom to use the software we create for whatever they want, which we believe will maximize innovation and growth for the platform and ecosystem.

Steem Park

History was made on July 16, 2017, when the first public work exclusively funded by cryptocurrency was erected in the Herbert von King Park in Brooklyn, New York.

Improving signups

We have made multiple updates to our sign-up process, which will improve the onboarding experience for new users while preventing abuse by bad actors. There have been a few bumps, but the trend is strongly upward for security and overall experience. Signup and login continue to be a focus, and we are actively working on further improvements.

Updated whitepaper and bluepaper

A new whitepaper was released, which is now in sync with the current version of the blockchain. We also released a new “bluepaper” designed to be a helpful guide to our protocol that is comprehensible to the widest range of people.

Updated steem.io

The steem.io website is one of the main sources of information for the Steem blockchain and STEEM currency. This was updated to ensure it presented accurate and up-to-date information. It will continue to evolve in 2018.

SteemFest2

SteemFest2 was amazing! It was great to connect with so many great Steemians in person and discuss our plans and vision. We got a lot of valuable feedback from community members and are integrating many of the suggestions we received. The ability for so many individuals from across the world to come together and experience an event like this is something that makes Steem unique across the cryptocurrency ecosystem.

Expanded exchange listings

We are working hard to get STEEM listed on as many exchanges as possible. One example: STEEM was recently added to the fastest-growing cryptocurrency exchange, Binance.com.

Team restructure / hiring

We have spent a lot of time building an all-star team. As many of you know from working in organizations of your own, recruiting A+ people is not an easy process, and progress often has to slow before it can speed up again. We are privileged as an organization to afford A+ talent, and culturally we’ve never been more energetic and creative since setting our bar so high. We are thrilled to highlight several of our new talented team members in the “Steemit Team” section below.

Announcement of SMTs

SMTs are going to be one of the main tools that will allow entrepreneurs to interface with the Steem blockchain in a way that provides them with economic incentives for building their applications and improving the platform. SMTs will also provide a mechanism for communities to distribute token rewards to their members, with influence that is proportional to the distribution of their SMT.

2017: What we didn’t do right

Roadmap

We have not delivered on several of the items we included in our 2017 Roadmap. We were a young start-up that failed to know what we didn’t know. Growth of Steem surprised even us, and scaling required more resources than we had anticipated.

After gathering feedback from developers and entrepreneurs, we also made the difficult decision to switch focus mid-year to new projects like SMTs, which, while not in the roadmap, we are convinced will increase the value of the Steem blockchain to entrepreneurs by orders of magnitude.

We apologize for falling short of our stated objectives, but we believe our decisions will greatly enhance the success of our vision in the years to come.

Mobile

We did a lot of work on a mobile application, but it just isn’t where we want it to be. We want to put out the best blockchain-based, component-oriented, modularly tooled products in the world. After a year in operation, steemit.com and the other amazing Steem-based applications like D.Tube, Utopian.io, DLive, etc. are the only blockchain-based applications that ordinary people use. Right now, our mobile application just is not up to snuff. We’re not abandoning it, but we are not going to release it until we are satisfied that it meets our quality standards. It may take us some time to get this right and to ensure that, ultimately, the project is a success.

Communication

We have not done a good job of keeping the community informed of our work. We apologize for this. We know we need to improve on this, and we will be making many changes to our communication strategy in 2018.

Steemit Team

Going into 2018, we are critically focused on bolstering our core competencies in ways that enable building a sustainable and scalable organization that empowers our projects and the Steem community of users, developers, and entrepreneurs. Much of this goal begins by bringing in great people at the top, and we have assembled a world-class management team. With this team we continue to recruit more talent across product, engineering, ops, and advocacy.

Today, we are happy to introduce Harry Schmidt (@goldibex), formerly the Director of Engineering at The Information, and VP of Engineering with Casetext, as our CTO. Harry has taken on full accountability and responsibility for building the greatest engineering force possible, already having dramatically improved our engineering organization’s agility and ability to ship with regularity and precision. With that, we’ve continued to build out the engineering organization in a completely distributed manner. Distributed engineering is an underrated strategy for building companies with long-term missions, and thus far it has allowed us to recruit All-Star engineering talent no matter where they live in the world.

We also have a new CFO, Randy Baker, an industry veteran with experience serving as a CFO for a private space exploration company that counted SpaceX as one of its customers, as well as experience running his own successful start-ups.

Pon Kattera (@pkattera) is our Head of Design and Interim Head of Product. Pon has been hard at work, taking the design of steemit.com to the next level. He is working closely with Harry to ensure that our releases are developed with agility and turn out as beautiful as they are secure. (Little-known fact: Pon also attended SteemFest #1.)

Many of you may know Andrew Levine (@andrarchy), who has served as our Community Liaison. We introduce him now as our Director of Content. We have given him the authority — and the mandate — to improve our communication with the community and develop an effective content publication strategy.

It is also our pleasure to introduce Christi White as our Head of People. Christi brings a depth of experience building technology companies, and we’re thrilled with the impact she is making on our organization as we continue to build our all-star team across product, engineering, ops, and advocacy.

Our Board of Directors is more involved than ever. The Board comprises Gregory Wexler, a successful serial entrepreneur lending expertise gained from years spent in the industry; Ben (@theoretical), software architect of Steem and chief software architect of the Smart Media Tokens protocol, whose wisdom and insights are invaluable; Chris Padovano of Decentralized Legal, a pioneering legal expert in the blockchain world; and there’s me — Ned Scott, CEO of Steemit — privileged to work with such a diverse group of talents.

We have also hired several new blockchain developers, front-end developers to work on the condenser (steemit.com) website, as well as other static sites like steem.io and developers.steem.io, and back-end developers to work on our tools such as Jussi, Hivemind, and Steem Blockchain Data Services (SBDS). In addition, we are in the process of building out our content and advocacy teams.

Finally, we've developed new positions such as Developer Advocate, and have begun the process of creating an independent non-profit organization to support even more positions dedicated to supporting developers and entrepreneurs leveraging Steem and Smart Media Tokens.

What’s Coming in 2018

Right now, our top priorities are blockchain scalability (AppBase), Communities (Hivemind), effortless onboarding (sign up + Hardfork 20), and Smart Media Tokens (SMTs). So much progress has already been made, and we are working around the clock to deliver them as soon as we can.

We still can’t give a precise completion date because we recently reorganized our entire development process around agile methodology. The changes we’ve made will enable us to forecast more accurately how long it takes us to launch new features, but only after we’ve used the process for enough time.

Last year one of the mistakes we made was being far too precise in our roadmap. Priorities change, and timelines for developing software when dealing with disruptive technology is often difficult to predict. Going forward we will not be giving specific dates for changes that are not yet completed - to give ourselves the flexibility to shift priorities if necessary, and to take the time needed to deliver a quality product. We will do our best to keep you informed of our plans and priorities, so you know what to expect.

We know what big features Steemians want: communities, spam management, modular application components for simple and fast development, a great sign-up flow, Smart Media Tokens... and they want it yesterday. That’s where we’re focusing our attention. We have many other exciting projects planned too, and are reviewing all the suggestions made by the community for #roadmap2018. We look forward to updating you as these projects unfold.

Thank you so much for sticking with us through this volatile year. Steemit is nothing without you and the developers and entrepreneurs building Steem apps. We believe 2018 is going to be a benchmark year for Steem, and we are glad to have you with us on this wild ride

Ned and Team

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"The changes we’ve made will enable us to forecast more accurately how long it takes us to launch new features, but only after we’ve used the process for enough time."

This some fancy talk for ¯_(ツ)_/¯

Haha, all software developers know how difficult it is to promise a timeline for a complex project but everyone doesn't have the liberty to say this.

But yes, if taking more time delivers a better product and setting artificial deadlines results in something nobody likes, then all power to TIME-TAKERS!!!

Exactly, @svkrulze . With projects like this, "how long is a piece of string?" is apt

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Buen día Sr. Te invito a leer mi articulo publicado el día de ayer sobre la criptomoneda venezolana El Petro Dale Click Aqi!

I agree @zacharius the changes have helped us I am a high-schooler who has gotten more of my fellow high-schoolers to see it is smarter was to make money and one listened and he loves steemit now more than YouTube. So thanks @ned for revolutionizing steemit and making it better. Also thanks for introducing SMT tokens if I can I will buy some.

Image result for thanks

Image result for ned steemit

Put up a photo of @ned, get a @ned upvote.

It's in the whitepaper. It's a Proof Of Ego blockchain.

thanks a million to @ned

yes right zacharius

This comment has received a 31.35 % upvote from @fredrikaa thanks to: @jassi.

Hear hear. Well emoted! 30+ years of being in the tech industry and software dev - currently a VP of Tech for an enterprise SaaS firm and steem witness #78, and this single comment so well deservedly pinned by @dan is more apt, accurate, and voluminous in it's message than the entire mind numbing blur of buzz word bingo randomizer strings you posted it beneath.

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The whole post is just some fancy talk for ¯(ツ)
If it would have been talked I'd say: lots of warm air
but because it's written I rather say lots of randomly arranged letters

I am very glad you are talking about this because I believe your voice is likely to be heard. I know others have talked about this in the past, but I don't see this being taken as seriously as I would like it to be.

This is one of the best communications I have seen by any blockchain related organisation.

Though that's some bottom barrel bar. But still, any progress is good.

Thanks @ned for the update! This was really needed.

I think though that you could do a more detailed update like @dan does it for EOS regarding SMTs, this stuff is rally a game changer and warrants a more detailed status report...

Thank you so much for all your efforts! I think Steem will succeed!

Awesome can't wait for these features

and they want it yesterday

Might I interest you in one of our fine time machines? xDTime Travel.png

Linear reward

I could be mistaken but here are my concerns.

The current system inevitably advantage those who engage in 100% self-upvote while under the n^2 reward curve those who hold the most SP under 1 account are the one advantaged.

Unless I'm missing something, this inevitably advantage those who engage in self upvote all the time and sooner or later these people will reap the greatest reward and end up being the majority "shareholders".

No policing of such behavior is currently possible because the policing is all at the cost of the "police". Policing becomes more difficult over time while the "abuse" remains risk free and doesn't increase in difficulty.

One other advantage of non linear reward is that it rewards those who concentrate their votes and thus incentivize the very best authors and posts.

The very best information is what really matters. Nobody wants the second best.

Also n^2 reward curve favors larger accounts and thus create some disincentives for selling delegation and votes.

...whales should be encouraged to vote on good content so that it attracts better content, so that their stake becomes more valuable.

...there are still people out there (like myself) trying to find and reward good content, but by doing that I will lose out and my stake will not grow as fast as that of a selfvoter. @felixxx [1]

The current system inevitably advantage those who engage in 100% self-upvote while under the n^2 reward curve those who hold the most SP under 1 account are the one advantaged.

The unfair advantage of n^2 is the same if the SP is in a person’s one or several accounts all voting for the same content.

N^2 failed at highlighting content quality content too. It’s biased to the same group at the top, who aren’t or don’t want to be editors/curators of the trending page.

If you’re looking for ways of achieving better results in token-oriented sorting of content, then consider SMT Oracles (there’s a paper coming out soon and it’s mentioned in my blog) and Communities (see the spec and the Hivemind spec linked in OP).

The unfair advantage of n^2 is the same if the SP is in a person’s one or several accounts all voting for the same content.

True, but at least such a whale would have to spread his Steem power on many different accounts, so that every single account had less steem power - also the ones executing the last upvotes in the row. Apart from that he would have to own quite some accounts to profit from the n^2 effect ...

I still think either a sigmoid reward curve or a curve which starts as n^2 and ends linear are at least worth to think about ...

Thank you for your answer. I sincerely appreciate it. I also very much appreciate Steemit's overall performance and work. Short comings an challenges are and integral part of any projects.

Just to be clear, I know we are both trying to do our best. We both have a lot invested in its success.

N^2 failed at highlighting content quality content too. It’s biased to the same group at the top, who aren’t or don’t want to be editors/curators of the trending page.

It's bias toward those who have the most to lose or gain from the success of Steem while linear is bias toward those who self upvote the most at the expense of everyone else.

The original whitepaper states:

In order to realign incentives and discourage individuals from simply voting for themselves, money must be distributed in a nonlinear manner.

The reason why Steem was designed with nonlinear reward can be read in the whitepaper under the quote I just mentioned. Why nonlinear is better for content quality is also stated.

When self vote is the most profitable strategy, voting for quality content is always at the expense of the voters.

Original Whitepaper

Yes I also wrote in the paper it “is an experiment...”, and we have learned much since then.

I understand. We'll see how it goes from here.

Hi @ned , thanks for bringing this answer and making a mention about SMT Oracles. I will search on this to know more about it.

Regards, @gold84

I still think either a sigmoid reward curve or a curve which starts as n^2 and ends linear are at least worth to think about ...

Upvoted for rationality.

💪🏼🙌🏼💯

Hi @teamsteem ! I hope we can finally get a way to make rewards as fair as possible, so that the way they are improved, helps for the entire ecosystem grow, and makes the value of the blockchain go up! There should be a way were the incentives are no longer self votes, but for the discovery of great content, as you do, every day!

Regards, @gold84

you are an amazing curator @teamsteem ! I believe in karma!

Upvoted for self-realization!

This is actually one of the best communications I have seen from SteemIt, Inc.

Looking forward to the rest 2018 and excited to hear you are adding some new people and skill sets to the team!

I really want to acknowledge that startups do need the flexibility to change the focus and switch directions. The key to getting buy-in from investors is communication.

Ahhhh @inertia we meat again!
What hoobris have you brought to me this time?

A meme of Ross? Really? 🙄 Ross is the best meme you can do?

Perhaps you would like to hear whats on the Menu of Logical Fallacies for today?

Or maybe we can go over the new Steem Communities Screenshots

oh by the way I made an instant steem account creation hotline (and email ) , I am just going to start making instant invites for people using steeminvite.com and postng about it to help pay for the costs, see how much I can do to help, I posted on that subreddit r/steemit and alredy someoen requested n intant invite, I believe they will pay meback the 0.1 steem or 30 cents when they make there first payouts, that way I can keep delegatingandpayingfor new accounts, I wonder how many I can help create until HF20 I bet I can do my part to fill in the potholes :D

Holy Shit! keep us posted with the the instant invite and delegation. Im very interested in the ratio of people that wont pay back the 0.1 steem agaisnt the whole.

It appears that the Ross meme went over your head.

Lmao. So good

Very professional indeed. I am glad they kept up with scaling as we cannot afford a mis-step at this juncture. DTube, DSound, DMania and Steepshot - the applications are amazing. I am looking into IPFS technology and would gladly support servers to keep it functioning fluidly.

Yea, there’s so much opportunity in so many places we can’t afford for the team not to grow!

This is one of the best communications I have seen by any blockchain related organisation.

Though that's some bottom barrel bar. But still, any progress is good.

fun comment, thanks

No need to exaggerate. These messages very much and they are all monotonous. Do not praise yourself - no one will praise... Need more critics!!!!!!!!

STEEMIT is a COMpany with COMmynication inside))

I saw some tokens with zero communication with their community, and you know what? They fall, it's scam or developmen is in hell. STEEM will rock. It's only matter of time and betterment.

What @ned and team think about scammers here? People who rape reward pool. They use delegation for profit.

5 - 12 posts with nonsense per day with 300$ per post.

MAYBE BAN THEM?

You realize no one can ban anyone from a block chain right?

You realize steemit.com and steemit, inc are just a company ON the block chain at this point just like all the other ones. Steemit is not the steem block chain and can't "ban" anything in that way.

You also realize that unless given delegation for free, leasing it is no way to "profit" at all, you will generally "lose" money.

@SirCork
Steem Witness #78
Founder @YouAreHOPE
Founder @SteemStarNetwork

no banning! Steemit is as close to pure anarchy as ive ever seen. It is amazing to witness it working. If you start banning people you end up basically starting down the wrong path.. a very contentious one! I believe in consensus and the organic way of things finding their balance.. Despite the issues you mention, this IS working incredibly well!

Best to focus on your rewards and posts is my advice!

yes a ban would require a hardfork, that requires witness votes, it would have to be snuck in, I doubt it would ever happen, even in extreme cases, and soon with will have communities which will allow you to block someone from flagging in your own subreddit syle 'commmuity" or so ivebeen lead to believe :D I hav no idea howthis would actually work :D

Don't worry about not understanding how the communities will work, Ack, Neither does steemit.

This is actually one of the best communications I have seen from SteemIt, Inc.

Here's the bar for achieving that _________________

I'm just so happy for being here on steemit, with this I know steemit and the steemians has a bright future, thahanks @ned for the update

I really enjoyed the post! this information is extremely valuable and a great read. I'm excited for the future of steam!

Superman | Mosharof Karim | Sonia Hossain | Mabrur Rashid Bannah | Bangla
http://1ink.cc/gxiih

Wow so detailed, i use to be skid steemit might fold but with this communication, am stronger.

I look forward to building stronger bonds on steemit.

2018!!! Yay? Its steem to the moon!

give me vote ,,, I really need your vote ,, thanks

Hey noob! Some people might think this is spam. Learn how to make great comments to get more positive attention and a better reputation.

That's the kind of post I wouldn't mind seeing get aggrandized by @misterdelegation.

is there really a point to this comment?

Should be upvoted by steemit so it stay visible for longer. That's what it mean.

You have missed the post most probably, a pearl of the last month.

It means he wouldn't mind if this post gets that $2000 upvote, instead of the comment on @dan's post about aggrandizement--a joke which I'm starting to believe will never get hold.

Oh it's caught hold among basically anyone who has been here more than 5 minutes lol.

Just for the upvote of course

Hehe, I for one get your sense of humor Transisto. It's not for everyone, but neither is a Proof of Brain block chain, eh bud? :D

I think you continue to ignore the 1000 pound gorilla in the room, the rampant abuse on steem. You don't mention it, you don't talk of solutions to it. Why? Without addressing this issue, the rest seems like "self-aggrandisement" at worse, theatre at best. The incentives are so bad currently that Steem has begun to resemble a power centralisation scheme. It certainly isn't about quality posts and engagement. How can you simply ignore this and why aren't you doing anything about it?

I've only seen you around in passing over the last year, but today, reading this page, I have become quite enamored of your positions which mirror my own in intent, message and tone.

@SirCork
Witness 78
and other stuff.

Hi sircork, I really appreciate your words of encouragement. I've seen some of your engagement in passing too and I will certainly pay more attention from now on. I would like to learn more about your YouAreHope initiative for instance!

All the best and thanks :)

I am very excited to see things are growing. I have groups of excited potentials waiting to get on board. I have been asking for patience. Venezuela and Paraguay are growing whole towns at a time.

Developments: Drag and drop images to comments was huge for me. The new logo is catching on too. Keep up the good work!

I was just thinking that someone should do a video on this... Awesome! You should consider making a step by step vlog on this for people to be able to follow along with the steps as well as additional ideas you might have. I wish people would think #Steemit through on something you mentioned in this video. We should all help each other be successful. Doing this not only reciprocates the support, but everyone becomes successful together. And even further, #Steemit then becomes more popular.

I am a large investor and work tirelessly to bring more in. When all my steem was in one account, I was in the top 70 on steemwhales. Unfortunately, I don't do interviews or anything on-screen since Charlie Shrem when to jail over trumped up charges. I am however able to help in the background.

Unfortunately, I don't do interviews or anything on-screen since Charlie Shrem when to jail over trumped up charges. I am however able to help in the background.

There is much wisdom in that.

I would like to find out more about "Chris Padovano of Decentralized Legal, a pioneering legal expert in the blockchain world" and what may be changing / improving / worsening in the legal world. My accountant pulled me out of the fire with the IRS and then quit me because he heard the word "Bitcoin" in conversation.

I live outside the USSA, but I had been a long time stocks and options trader. Then the Irational Removalofincome Scammers had disagreed with my totals. Turns out I was right and they were wrong. I paid zero!

United Soviet State of America?

Your the greatest man and I will follow you up and be on your side.

Why did you cash-out then? Also, what is your involvement with Paraguay and Venezuela, do you live in one of those? I am Uruguayan, living in Switzerland. Both friends and possible investors are turned off when they see the waiting time for onboarding, plus the no-app for mobiles.

A lot needs to be done if we want to kill FB and many other apps. I am trying to bring Venture Capital, but there is no professional Investor Pitch over here to use or adapt.

I cashed out of bitcoin when it got slow (2016), bought enough dash for a masternode when the coin was at $6 - never cashed out. I got into Steem at a very low price and never cashed out. I just spread my millions over many different keys - as stated above. Don't put all your eggs in one basket.

I am so far outside the system that I am not sure if I still live on planet earth. I am investing in the people of Venezuela, supplying crypto to those who are supplying Venezuelans with crypto. (there is no other cash there). I am trying to get them to start using Steem instead of bitcoin because for over a year and a half BTC has been worthless for sending cross borders or even across the table at a restaurant. Paraguay because I know people who moved there and they took Steemit with them.

Fakebook and Scruetube are killing themselves - we need only be ready to accept those the are alienating. I would love to see Switzerland. Uruguay I have seen years ago, but I hear it is very expensive to live there.

I am supporting some small minnows from Venezuela is not much what I can do, but I know a couple SBDs mean a whole week of food when steem is around 4-5 USD. Keep up the good work in that sense.

Well I went from the most expensive country in Latam to the most expensive worldwide, Switzerland! haha, fortunately enough I am really close to the Crypto Valley which helps me to be closer to many interesting projects!

I hope you liked Uruguay and drop me a line whenever you are in Switzerland, I would love to show you around Zurich.

I need to talk to you, are you familiar with the work @YouAreHOPE Foundation has been doing in Venezuela with steemitizens on the ground there? Please do look, this is NOT a waste of your time. I am a VP of Technology for an enterprise SaaS firm, comfortable interrupting billionaires like my former employer Phil Hagermann for lunch break discussions, so I would not dip to wasting your time if I did not think it was bring a valuable opportunity to you for your consideration, with regards to Venezuela and beyond. Including a new project as of yet discussed in public that you might be quite keen on from the look of your positions above.

@SirCork
Witness #78
Founder @YouAreHOPE Foundation
Founder @SteemStarNework

Drag and drop images to posts and comments was a great development!

Doesn't everybody already just cut and paste images? I have never understood the image beef. You can literally ctrl-c / ctrl-v images from anywhere into a post or comment.

And it's been that way for at least the 9 months I've been here?

This puzzles me Doctor Pepper. Please enlighten me? Does my cut/paste easy button not work on macs or something?

winter is coming people!

Steemit has legitimately changed my life. I will be forever grateful.. I TELL EVERYONE. My world will never be the same. I mean this in the best way ever. I Have purpose. Thankyou @ned

This is the kind of stuff that motivates us to put in the long hours. Thank you for being a part of our community.

Hi @andrarchy ! And there are many people who feel like this in the platform. I just read about a person that is able to feed himself thanks to Steemit. How better can the Steem blockchain be?

Regards, @gold84

Good thing about sleeping now is that is the time where the voting/bandwidth reloads :D

its 6 am... again....

lol

steem is new for me but i have to agree with you :)

maybe that is why i cant sleep :d

Steem for the win

Thank you for the update. I can't begin to say how much I appreciate seeing, and how much I would urge you to continue, being transparent with the community like you are in this post. It's such a unique experience, for everyone, to be the co-owners and co-creators of a community project liek STEEM. We all want it to be the best that it can be and we are all incentivized to contribute where we can. So please keep on giving people the feeling that they are on your team and with you on this crazy ride in this new blue ocean we call "crypto".

Cheers to 2018. I can't wait to kick ass with all of you.

Yes I agree with you.

Something that makes Google for example lose out a lot and may make them lose the whole video side online is because of poor communication. All it would take from YouTube is some real care and they wouldn't lose millions of dollars in value by people moving away to other more caring platforms. All it takes is a little bit of care and it makes people feel valued. Don't want to see Steemit go down into that rabbit hole. Even when there is no exciting new announcement it's still good to show what you are working on. Showing a bit of a human side.

It's truly amazing how great the transparency system is on Steemit and how it makes the whole platform more win-win. Since it creates more real trust. And as you say people are incentivized to behave well since they have a reputation score they want to keep up! This creates way less spam and creates an overall better user experience. We have so much free time these days and taking 10 minutes to care about someone else by producing some value to them will be so rewarding for both sides! I want to see Steemit be the best company in the world when it comes to transparency and communication!

I have seen some of your projects over here, and with entrepreneurial spirits like yourself and others, we can thrive.

Agreed; we need more communications like this from the top. Levin as PR is a good advance and we look forward to see positive results.

I have invested what I could over here, to me it means a lot, hence I feel an active part of this project, and I try to give my best to push the platform ahead. I have even starting paying of my own to promote my Twitter account where I post links to Steemit articles.

No mobile app and long waiting times are dragging us behind, we are the most undervalued Blockchain project according to #blocktivity. We have everything, most of all; our people!

Without our people, this would be nothing. Your last sentence is the entire message.

Also - yeah, signups, mobile app and crappy 1990s interface need love.

Indeed, also our people includes abusers, but well, let's try to stay positive.

Thanks for the detailed update, Ned and welcome to the new board members! Looks like a loaded 2018, but during Steemfest² we discovered that in the new world days have 25 hours, so I guess that'll help :-)

It'd be great if you could share a link to the new white paper.

Awesome, Tim! Thanks. Now this one is from summer 2017. Thought there was an even newer version, in the statement it sounded like that.

That's the original publish date. It's on github and up to date.

OK cool, thanks for clarifying that Andrew!

why don't you offer to suck his dick? You are a great example for the majority of cocksuckers here without compassion, team spirit and love. Making money without supporting others who are working hard is egoisitic and disgusting. You, stellabelle, virtualgrowth, sneak, exyle, and most others should all just hang out more so you can suck each others cock more.

Who says she does't support other people. She supports firepower a spammer and promoting the spammer to be a witness :)

I will not tolerate your abuse, harassment and blackmail anymore. Putting you on a personal blacklist I'm building to ensure this platform is rid of terrorists like yourself!

Always on the ball @timcliff!

thank you, @timcliff and @papa-pepper for sharing this pdf file with us and I will share it with others too thanks for your help.

Really, 25 hours?!?!?! That's totally gonna help!

It's certainly been extremely valuable for me ;)

Where can I get this 25 hour day upgrade you all have been talking about? hahaha

Haha, I should create an app for that! Seems that I've found a niche :-)

Haha - definitely :-)

Looking forward to an awesome year for STEEM and Steemit.com.
It was great meeting @ned and the Steemit team at @steemfest

Here's a look at STEEMPark for those who have not seen! I spent my first morning of 2018 there!

https://steemit.com/steempark/@jeffjagoe/visiting-steem-park-in-brooklyn-ny-an-epic-start-to-2018

Thanks very much for the update and roadmap ahead! I think with all the incredible amounts of money in and around Steemit we do need to be moving on with all these priorities. The quicker we get in there first the quicker we can build and strengthen the whole Steemit brand! Also really the mobile app to me is a priority, again with all the money to get some seriously good developers in we should be really concentrating on this.
I do look forward to communities and SMTs they will add so much, I just hope it won't be close to the end of the year as this industry is moving so fast we don't want other competition to just come in and do it before us.
And glad to see the communication will be improved as this really is soooo important for confidence in Steemit and investing in Steem.

First of all thanks so much for this detailed update with the attached video introduction.

It was so encouraging reading about the successes and I'm all in with both my time and my investments.

What I really liked though was that you humbly listed your failures and this humility will lead to greater success.

Please do keep the lines of communication more open and the Steem blockchian will continue to have a growing crowd of backers and pluggers!

He forgot to mention that he, sneak, vandeberg and more are assholes who do not help people in need who work hard. If you want to have success your character needs to be good. You can get all assholes of the planet which is making money but the people with real vison, love, sight, respect you won't get. Not good for business. Fuck ned and steemit and fuck you too you greedy nazi fucks. No go and suck your cocks.

Hi @ned We at BeScouted together with thousands of photography industry freelancers are very thankful for what has already been done. We know how things sometimes go south and some plans are replaced or shifted by the others but this is how revolutions are done. Nothing is set in stone. We are waiting for the updates and improvements of course which sound very exiting and promising and continue to work on building photography community on Steem blockchain as we wait. Maybe next year we will be honorably mentioned next to Busy, Dtube, Dlive etc. and other outstanding apps that will form the core ow WEB 3.0

Steemit is improving my entire life from one meal a day to having atleast two meals a day. Thank you @ned for this opportunity. I was jobless, but now i nolonger knock on people's office doors for vacancies Steemit has done it for me.Here in Uganda East Africa,i and the entire steemit family are working so hard to promote steemit.Longlive @ned.

yah mon, this is big deal and we can have mind be our currency

We surely appreciate the updates, thanks. My own feeling is that there is ample room for a paid support team now and the need is strong - currently the support is essentially a few witnesses helping in the chat system who could be doing more appropriate tasks for their level of expertise and awareness. Given the strong increase in the value of Steem there must surely be funds available for this, no?
Also, I wonder if there is any significant work being undertaken at SEO and exposure generation - I am working with one of the top companies for this currently in the UK and their approach is explosive and refreshingly transparent.. Is the plan to try to slow down the expansion of the system to allow time for the infrastructure to scale to support it?

Great comment and I second.
I mostly notice "slowing down the expansion" and I understand all the reasons this exists, and we need some kind of expectation when this will resolve and be lifted I think.

Comments on this issue would really help balance some minds in the community I think, yes.

Thanks for this very well-elaborated, informative, optimistic but also honest statement!

Concerning the linear reward curve some time ago I had the idea to combine it with n^2 to make self-votes less attractive. I wonder what you would think about this idea?

Anyway, thanks again for all the insights you gave us by presenting this reflection and outlook! :)

Nice summary. This kind of communication bolsters faith we are headed in the right direction.

Good point. The communication is needed. I love it!

Here to serve :)

Hey @andrarchy. You were a huge reason for my interest in steemit back in the day. I used to watch your videos on steem, steem power, and steem backed dollars with the white board and brainstorming how to break down the economy on steem. You had some good stuff! I was addicted and your videos were really educational and interesting! It's been awhile. I didn't realize you were on the board. That's pretty awesome! I always figured you'd have some influence on here.

Thanks @littlescribe! I'm not on the board though, I'm now our Director of Content and excited to get our content machine going so that we can keep everyone informed about what we're up to.

Thank god they picked you! I'm being 100% serious. The alternatives were not so rosy for the face of the thing.

Thanks, I appreciate the support.

Gotta say, though, "Director of Content" sounds a little ominous and Orwelian, doesn't it? I mean, what exactly does the director of content do? Are you responsible for simply updating us with communication memos from above? Or do you actually have some say in how content is measured and voted and quality-control stuff? Cuz the latter would be real sweet too....do elaborate if you can. We're all ears.

I recommend googling it, it's a very common role at companies and has nothing to do with engineering. I have nothing to do with the steemit.com interface. My job is to tell Steemit's story and oversee a (still very new) creative department tasked with embodying that story within different types of official media like videos, blog posts, and articles so as to give deeper insight into what we are doing as a company to entrepreneurs, the public, and users. You'll know when you're reading or watching something I had a hand it when it is very clearly coming from Steemit the company :). If people want to learn about what we're doing, they're going to need content to consume which contains that information and it's my job to "direct" the creation of that content.

I did google it, and you're right! Totally normal (and cool, I might add) job. I think you're the perfect man for it, as this is something you already did on a regular basis, with or without steemit's formal backing. I always thought you were great for this platform. I'm excited you've got an official role.

@aggroed agreed! When we start getting communications from the creators, founders, things feel even more real, and this is something this blockchain has, that no other have! Strong relationships between the members of this community. The great thing is that we are leveraging from this, and that interactions between members are helping hugely on improvements and making the blockchain better everyday.

Regards, @gold84

Thank you for sharing everything that you have done, it really has been a great year for Steemit! So much has happened that it is crazy to think of where the platform was this to me last year in terms of user base and general online presence.

I'm currently working with a big group in the blockchain sector in Ireland to develop a serious incubator for blockchain based projects, and will be really looking to integrate Steemit to this - my real goal is to get enough support to open up an office space for Steemit bloggers, and run a three to six month incubator for bloggers to really help them develop on the platform. The idea is to bring in ten or so people at a time, through my project, the Steemit Success Initiative, and give them full Steemit guides, help them create content, network with others and more. The idea is that by the time they finish the incubator, they will be earning enough to become entrepreneurs on the Steemit platform.

I'm then hoping to integrate Steemit as a platform for blockchain based companies: at the moment ICOs flock to Medium for their blogs, I'm planning to bring them to Steemit instead. I should have at least one onboard in the coming weeks.

To fund all of this, of course I need support. I am currently actively seeking delegated SP in order to create enough revenue for the project to become self-sustaining, while also having enough influence to help all of these bloggers. My end goal for 2018 would be to have a few "Blogger Hubs" opened around Ireland and potentially Europe/America, supporting a group of bloggers in each hub, helping Steemit Inc. Reach their goal off helping 100,000 entrepreneurs.

Anyone who is interested can read a bit more about my project on my page, although the projects prospectus will be updated soon to reflect our new goals.

Anyway, I think that the fact that Steemit inc seem to have similar goals to users on the platform is extremely positive. I know that you definitely have not fulfilled in some areas, such as communications and marketing strategy development/implementation (an area that I would happily help in), as well as not hitting milestones etc., thank you for being transparent about this and acknowledging your mistakes.

One final suggestion: a blue paper for SMTs would be useful. I have a slightly mathematical/technical background, so I could understand most of the white paper, but it may be a bit difficult for those who are less technically oriented.

Thanks again for sharing this update @steemitblog, I really look forward to seeing what the future has to hold for the STEEM blockchain and all that it encompasses.

Looking forward to what you have planned.

Hi @lukebrn ! Your plan of making "bloggers hubs" is very related to the mission to put steemit in the hands of 100,000 entrepreneurs. Very well thought! Hope you get the needed support to continue making this a reality faster.

Regards, @gold84

Thanks for the update! It's difficult understanding what all it takes to get something like STEEM and Steemit to a larger scale. I've only been here 3 months, so for me I haven't experienced a lot of the negative emotion some others may have. So, from where I'm sitting things are looking good. I do realize there are some key factors at play that would spell out high risk, but if this train can move slow and steady without huge disruptions, then I see great things in the coming few years! Thanks again for the post and I look froward to some great updates and announcements in the future! Also, is anyone keeping an eye on the APPICS ICO coming soon? It's supposed to be the first SMT for STEEM, right? What do you all think? Thanks!

Yes I'm following Appics. ICO is March 28th and will run for 4 weeks. I'm interested in the whole concept of SMTs and would love to be able to build it into my own site.

I agree! The first SMT due for release is APPICS and that can really set the tone for things to come! I wish them the best and will support in any way I can! I'm going to be doing research next week on how to participate in the ICO! It might be worth a few bucks in that direction on a higher risk, higher reward platform! Plus, if they do well, that means STEEM does well!

Yes same here. I plan to check out what options are available for me to take part. I read that you need an ethereum wallet but not sure what else.

Lets get one of these, quarterly @ned.

Excellent write-up and I now feel 100% up to speed with the current business picture and progress of Steem as well as the hurdles that are on the horizon.

Major confidence booster in the long-term viability of Steem. Keep up the good work and keep delivering!

I just wish they would solve the fact that the steemit banner with name and reputation score, are messed up as soon as you go in your wallet. Everyone back to 25? It is just not nice, you always think there is something wrng. I like steemit, but well on this moment it does not go well. Bandwith problems I only had it once! but a friend of me is having a real difficulty with it, it just does not seem fair. I do know it goes with your steempower, but on this moment we can not save much of our earnings. The last two months, we can not be very happy with how steem s doing.

It worries me a bit when something like the reputation score always showing 25 on a persons blog page still hasn't been fixed. It's not a big deal in the actual practicality of Steemit but c'mon guys this should have been mopped up weeks ago. It just gives a bad impression of efficiency here.

yes it just is not a nice feeling, it makes you realise anything can happen, and Steem does not even have to do bad :-) Just when someone pushes the wrong button... :-)

Steemit is taking over the world. We will live our dream and make it come true.

Amen to that!

The platform is made even more interesting with good people who work tirelessly to ensure the success its success. Your contributions @papa-pepper is what we the users will remain eternally grateful for

But Doctor P, please help us all continue to hammer home that steemit inc is NOT the steem block chain. The steem block chain will indeed take over the world and I'm, like you, betting my life on it, but stinc? Take over the world? They can't even successfully hijack an @dan post ;)

Thank you so much, Ned, Andrew, and the team for putting this out there. This is exactly the type of communication I was hoping for four months ago. I know how when everything is on fire, it's difficult to pause and communicate, but it's essential. I'm so very happy to see @andrarchy given more authority to do a kick-ass job at communication, and I hope to also help however I can with my own blog.

I also hope the accounts mentioned here will consider blogging more often on STEEM. This isn't like other blockchains. It supports social activity. We, in this community who love and understand this, want the leadership of Steemit to understand this also. We want to know what you're thinking about and what you're interested in. Many of these accounts, sadly, have either never blogged or haven't blogged in over a year or only blog every other month or so. In my opinion, having everyone on the team actually use the product publicly in production should be a priority. That's just my opinion and clearly you all have far more understanding of the day-to-day realities you face, but I did want to put it out there once again.

Again, thank you for this professional update. Thank you for admitting your mistakes and doing so in a way that builds confidence instead of eroding it. 2018 is going to be an exciting year, and I'm so thankful to be here to see it happen.

Yes just one post a week or month with a quick update from the people tagged here might make a huge impact!

This post is great and I hope to see more updates like this from Steemit Inc.

From working in large organisations there needs to be a certain level of separation between most of the people and senior management, I get that. I have worked in several companies and I have seen communication done well and done badly. More frequent updates, even if they are just to say there is no update, can give reassurance to the people that the ship is still on course.