The stakeholders' hearts were not into the social media part and we didn't do anything to sustain it. We didn't build it, we didn't promote it, we didn't improve it, we weren't nice to new users. It was obviously an afterthought and not near and dear to anyone's heart or wallet.
Those who stayed were likely into crypto and willing to go through the process to learn.
I've been on teams building young companies and there is almost zero resemblance between what happens here and anywhere else.
DPOS... would be great for a plain currency. If you want to accomplish something that takes effort, planning and a strategy it is a terrible model as building a sustainable business takes a different set of skills than mining or even developing.
In other words, DPOS takes no consideration of Skill Set and knowledge. I don't think I would invest money in another DPOS product without a defined leadership team.
I'm having trouble seeing what DPOS has to do with it. How would things be different with a POS model?
All dpos does is sacrifice a little security for a huge efficiency boost by eliminating competition.
DPOS it what allows us to control 90% of inflation without having to run a node. Right?
I wasn't comparing the 2, but yeah I hear you. I guess I should say, a foundation, a team, a plan seems pretty important if you want to build anything in any kind of a timely and competitive manner.
Yes, STINC seems very A.D.D.
They seem to be constantly running around working on this or that without any real focus.
Truth be told, I don't expect them to release any kind of amazing product... and I don't think they have to for this to be an amazing platform. The ultimate key is going to be creating a system of organization and governance where no one is in charge; to create development teams who may never even meet each other in the real world and get paid fairly.
Once that happens, STINC will be irrelevant and we might even want to think about forking and deleting the stake of several whales if it comes to that.
LOL, yeah what ever happened to those big plants with that idiot sneak saying Steemit was going to focus on mobile. mobile mobile mobile. And where is that mobile? All those months of working on mobile and nothing to show for it. That's where wasted dollars went :P
Resetting stake is a good idea for a fork, I've thought of it. But supporting an infrastructure on the current RAM hungry code is easier to do when you'e the first like Steemit inc. Who want's to help pay for a fork that is organized better? That's when I gave up on making another version that's better.
haha i forgot about that mobile fiasco... so bad. I'm sure there is a much more elegant solution for witness code. The blocks themselves are quite basic. It's once you start trying to interpret them that it starts getting exponentially more difficult.
Scalability has not yet been solved with Proof of Work coins. The closest to market solution may be Bitcoin Core's, corporate patented, Lightning Network. My ultimate vision for the steem blockchain is for it being the open sourced version of the Lightning Network.
The next bull market in crypto is likely to take us to critical mass in terms of mass adoption. Without the existence of working scalability solutions then mass adoption of cryptocurrency will be a prolonged flop, like was witnessed in 2017's bull market.
Centralized organization and leadership is important, and something that gets shunned in the blind drive for fully decentralized systems. Decentralization can happen when people learn how to handle doing things that way, but we're far from that on Steem and society at large.
Agreed
Yeah, the not nice to new users part. Many more were ignored. So many people just slipped through the cracks. I find myself glancing a person's reputation sometimes, but we were all there once, and wouldn't have wanted others to judge us by our reputation or seniority.