Topic: Steem pyramid scheme revealed - page 26. (Read 107069 times)

Exactly, content wise, it is a big fail, be it steemit shilled or not steemit shilled. If steemit had started with a group of pioneer star bloggers and writers, it might have become sticky and bring in more users. Bought a little steem and the price spiraled downwards. Luckily, i did not buy much steem.

Checked the steemit content every now and then, it is only full of millennials with their "yeah steem yeah steemit" BS. Never clicking any steemit links again.

I clicked that link for one reason - to see whether or not the author would somehow shill out steemit by making it relevant to the main subject matter at hand. Was almost surprised to not see one mention of steemit....ungil The third to last paragraph.

I believe this is why steemit will die - you can only create so many random blog posts with '...And this is why steemit rules!' before the entire platform is viewed as garbage.

Well-said. Could not agree more. Sticky? More of off-putting.

The content producers are mainly new untested bloggers who chase for upvotes from whales. These bloggers observe a trend on what kind of content is trending and starting writing something with "their in-depth research and hours writing" compared to people specialized in their technical field for years.

This is a very good example on IP. Just BS.
https://steemit.com/philosophy/@kevinwong/the-end-of-intellectual-property-on-imagination-artificial-intelligence-and-procedural-generation

IP exists clearly for a reason. Just depends on which side you happen to stand. Also this author clearly omits science patents. clearly written for anarchy or the pirates

Such untested bloggers or what you call content producers who exist on steemit is why steemit will fail to attract and expand user base outside of crypto.

Earning money shouldn't be such arduous and stressful work, where you are completely at the whim of whales and Millennials groupthink.

Acrimony and large effort followed by disappointment, is the epitome of social networking failure mode. I mean these guys don't have a fucking clue what they are doing. They are good programmers, that is all.

It should be fun and social, which is addictive, sticky, and viral.

For the masses it should be mostly swiping and clicking. For content producers, they must be able to connect directly to their demographics and not be at the whim of some top-down control (whales, site-wide ideology).

I really didn't blog much, because it is not my gift. Lately, the rewards have been quite low. Few, if any, get the equivalent of $1000.00 or more daily. Only a handful get over $100.00. I wouldn't bother unless you can verify that you are the real Satoshi Nakamoto or maybe Gary Johnson.

Steal does seem to be falling apart lately Look at how much the value has dropped and it keeps plummeting.
It makes me wonder if it is still worth blogging there. How many feel the same ? Are you going to still blog or slow down a little or completely stop.

1. Perhaps the current (just a one-time blip so far) slowing of the market cap decline relative to the price decline may be due to (investment buying due to) expectations about the coming slew of ecosystem developments, e.g. SteemStays.

2. The pump was caused as usual by hype, rash emotions and a lack of understanding. As time has gone on, those who were fooled into rushing in, have since learned more. The second round of hope has perhaps ignited with #1, but because of the crazy stupid inflation design, I don't expect it to have much legs (but I hope so, so I can get more $ out of Steem).


I believe there is value in the concept of onboarding with money supply dilution (if done at sufficient scale of adoption), but this has to be more objective (i.e. what others refer to as "fair"), not under control of whales, and there must be a viable strategy for overcoming the hen-vs-egg coming first dilemma.

One of the key issues to solve is how to excite wide array of demographics to adopt and remain sticky.

I can assure you that paying them with fiat from money supply dilution is not it. This can't be done in a way that is both enticing enough for multitudes of users and realistic for investors. Whereas, creating an ecosystem where tokens move around the economy could pay them to work without any more dilution (and with burned tx fees could actually be reduce the money supply).

You have to ask the question of what do people want and what can you provide for them and how does a blockchain and crypto-tokens play into that in some compelling way that hits all the major demographics in some K.I.S.S. non-technobabble way.

I believe I have an answer.

Note that other projects such a PeerTracks are more focused on targeting users as investors than users as consumers+workers. I am more focused on the latter, because most people are not investors by nature. Think about content producers/managers are the ecosystem investors (distinguished from the speculative investors) and the bulk of the population as consumers and workers. That is how the real economy works.


Edit: @complexring may be astute enough to realize he isn't making SteemStays as a realistic ecosystem win, but perhaps as a means of hooking some more Chinese investment to keep the market cap more stable so he can cash out? I don't know. Probably not. Probably he really believes SteemStays is viable. Perhaps he even got some investor to fund the development of SteemStays, pitching the escrow revenue model.

In context it has a more specific meaning:

http://www.investopedia.com/terms/d/dilution.asp

"Dilution is a reduction in the ownership percentage of a share of stock caused by the issuance of new shares."

Anyway, we agree that crypto investors don't like it and very few want to invest in it (though apparently some do and are). I don't think anyone ever suggested otherwise. I know I pointed that out as one of the biggest challenges early in this thread (or maybe another one like it).

One thing though -- this has been a constant as has never changed. It was always structurally unfriendly to crypto investors, so this can't explain a declining valuation. What has changed is that people have observed and are observing that the onboarding/growth strategy has failed and are looking for he developers to offer some improvements to the platform (or perhaps some organic growth coming from an unexpected source). As time goes on without any such improvements (or newly apparent growth), confidence that it will ever happen declines, and with that, the valuation declines too.

Well the SteemStays appears to be promoted today:

https://steemit.com/steemstays/@steemstays/steemstays-an-accommodations-marketplace-on-the-blockchain

The main feature improvement as compared to Airbnb is lower fees.

But here is what I mean by I don't think the Steem whale (mathematician) @complexring and those other Millennials (who are inexperienced in Internet marketing) understand the hen-or-egg dilemma. Nobody is going buy STEEM to go use Steemstays, and nobody is going to use Steemstays because it will never have enough listings.

Sorry IMO that has FAIL written all over it (regardless of whether it is well programmed and designed).

The mistake they've made is that the demographics of those who have STEEM doesn't have economies-of-scale to target it with a service that only 1 in 100 Steemians would want to use if it had enough listings and which only 1 in 10,000 Steemians will want to use because it won't have enough listings because there isn't enough economies-of-scale.

You simply can't fix Steem with these amateurish and low capital ecosystem investments.

I @anonymint boarded the train during the height of the pump so most of my earnings came from the 50% of payouts in SBD that can be cashed out immediately. And because I wrote some posts which were about some technical aspects that were very in tune with what was on some of the whales' mind at the time, so they upvoted me. And this I think caused curation bots to upvote me, because they saw that other whales were. And of course I owe probably at least 33 - 50% of that to @smooth's gracious upvotes, but afaik he only upvoted that which he felt was worthy content (and he upvoted a lot of content, not just mine). I have also returned the favor by stating clearly that I think @smooth has invested in trying to make Steem work. That he wasn't complicit in any plan to do a sneaky mine. And I also commended him on being resourceful and mining ~2% of Steem during the sneakymine when the rest of us were asleep.

So all-in-all, I guess it was a ROI from being around for 3 years doing unpaid technical research on crypto. And the fact that some people know I really, really needed the help. And some decent writing from me (although nothing to brag about).

Perhaps also very minorly because by participating instead of complaining, I think it was perceived as I was helping to move more adoption or investment towards Steem. In fact I may moved more investment into Steem than I took out (yet I have no way to measure that), although at no time was I trying to deceive anyone. Was just the way the ball bounced as we were all learning in the heat of the moment.

@jl777 earned a lot more than that and he only boarded a week or two before I did. Those who were blogging from the start ended up with $100,000+ at the peak.

Edit: read this also: https://bitcointalksearch.org/topic/m.15828614

you got around $6500 from steem and are you calling yourself just a bystander .how on earth did you make this amount and if you could shed the light it would be awesome

@smooth IMO you are overthinking it w.r.t. small differences leading to a runaway winner-take-all. Rather I think it will be a different concept that wins. IMO the problems with Steem are not small flaws that can be tweaked.

I don't think that investors and users misunderstanding the math of Steem has anything to do with why it is failing. Rather the entire concept is not only complex but it works against the desirable attributes such as speculation, adoption, ecosystem investment, etc.. We'll see if I am wrong when the first batch of serious ecosystem projects for the Steem blockchain are launched (again I am expecting the voting reward model and the 40 whales top-down control will limit the range of ecosystem projects).

And @AlexGR afaics there isn't some simple change that can made to change the trajectory of what currently appears to be Steem's failure. IMO it will require a totally different incentive system for onboarding and massive ecosystem reason for an acceleration of adoption. Meaning that there will be people creating new things in a free market of proliferation. Imagine the growth of the WWW from 1996 forward. It was the ability of the ecosystem to independently and without permission (permissionless system) put up websites and make investments in the WWW, that caused its explosive adoption and growth. Nobody owned and controlled the WWW. Everyone had the trust to build on the WWW and assume it would remain a level playing field (to some extent that trust is being eroded lately which is why the Internet is stagnating in some facets and we need new things which is why I am working on new platforms).

Why do you think I am creating a programming language. There is a lot of deep stuff that needs to be done to drive an ecosystem.

Ethereum developed a language, but afaics it didn't solve any problems that drives a huge ecosystem. In fact, it was reputed to be one of the aspects that encouraged the DAO bug.

The WWW was a new platform. A new set of protocols and languages to drive new functionality, i.e. HTTP, HTML, CSS, etc..

Thanks. Agreed on all your points.

I really wish you well! mind-body healing is real imo, but it's not the solution for every ailment. I think going to Singapore in your case for medical treatment is very wise, and I hope you get good results man, you've certainly suffered enough for one life-time. Good luck

You don't heal intestinal deformity with anything you can do with stress and mind. I have healed from many physical traumas naturally. Although I will say that my last option would be to get off the computer entirely for a month or months and be outdoors in the sun most of the day. I would like to try that but can't afford the downtime, so I mix getting out in the sun every day. And it is only recently that I've felt I could do this physically (at least since a very bad downturn in my health summer 2015).

I want to meet one person who had a blind loop or stomach bound to the liver who healed this physical deformity without surgery. I think that is physically impossible. It has to be cut.

Even severe microflora dysbiosys (e.g. Chron's disease) can't be cured even with antibiotics or any mental changes. Some people can cope with lifestyle and diet changes, but they are not cured. I am coping, but I am not cured. I have severe cognitive dysfunction due to systemic body inflammation and mitochondria energy starvation due to the toxins flooding into my liver and my immune system attacking the liver and surrounding organs (apparently... need to wait for the expert diagnosis in Singapore to have more definitive conceptualization). Our digestive system has to produce the energy for the cells.

The Singapore hospital I am headed to specializing in even for example FMT (fecal microflora transplant) if that ends up being the best treatment and the diagnosis ends up being bad microflora.

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boomboom, I've prayed, begged, talked to my body, visualized healing, etc.. I tried everything, well just shy of staying outdoors every day for month(s).

I think you need to find some way to reduce stress levels, even while not avoiding stress-inducing situations (avoiding them would be ideal). I don't know what it will be, or what it will suit you, but it's definitely a time-investment that will pay off in your overall healing.

Interestingly, when one is seriously ill, the mind usually goes into a "I-don't-give-a-fuck-about-anything" attitude. You can hear it in a patients voice, whether they are in a hospital bed, or at home with a flu. The automated mentality-adjustment is done in order to decrease stress, which normally acts as an immune suppressor (and body-repair suppressor).

Where's the upvote button when you need it

I have had similar experiences. In one instance I suffered a real physical trauma to my body that resulted in objective physical changes that were clearly visible on medical scans. Mind-body medical healing does not imply the cause of the condition is 'in your head', but rather that a potential pathway to healing can come from your mind. This is the key insight required for any experimentation imo. We all identify ourselves (usually) as the voice of the conscious mind, but we are aware that control over most of our bodily functions comes from other parts of the brain (the unconscious and/or subconscious mind). With mind-body healing the conscious mind attempts to 'communicate' directly with those parts of the brain/mind that have control over the 'details' of how our bodies work. It only sounds weird because of conditioning. Complex arrangements of atoms & molecules inside our brains created our conscious minds, all you need to entertain is the idea that the 'mind' can somehow submit instructions back to the collection of atoms & molecules that make up our bodies and organs when there's a problem. At this time in human history we still don't know how this conscious mind-body communication happens, but imo there's enough evidence to suggest that it does exist, and to me it makes sense.

With my injury, despite feeling embarrassed, I spend time consciously visualising 'healing' happening inside the damaged area of my body. It sounds crazy, but so did the idea of 'atoms' to most early 19th century scientists. The cause of the problem was physical, but the path to healing for me included some conscious 'thinking', basically giving permission to the autonomic processes in my body to make things 'better'. This doesn't require any belief or 'faith' that your problem can be repaired either imo, it's more about communicating your conscious minds 'desire' to have the rest of your body 'attempt' some healing. Imagine driving your car into a mechanic's garage. If you just accept that your car is broken and do nothing, it'll stay broken. BUT, if you think the mechanic might be able to repair the car you have to ASK. If you don't ask the mechanic to work on your car he wont, and you'll never know if he could make the car work better.

I believe most people don't try very hard to 'ask' their non-conscious minds for help with physical ailments, they're more likely to pray to god than sit quietly trying to communicate requests to other parts of their mind. It definitely can't hurt, but most people are frightened by false impressions of what mind-body medicine is about. It sounds kooky but it's really not. Real physical problems being healed by real physical processes where the healing starts from the conscious mind communicating 'requests' to the parts of the brain that control all the autonomic processes in our bodies.

AlexGR, I am also speculating that severe stress in June to September 2012 was a potential factor in the incorrect healing. Several points that support that:

[redacted]

So yeah I am nearly certain stress played a role.

I don't have options to entirely avoid the stress now, both for financial reasons and also because no matter what I do, my body is not okay. Even if I try to sleep always, I get bad insomnia which is very stressful. Everytime I eat I get bad symptoms, which is stressful. I have found it less stressful overall to push hard on workouts, as these are the natural way to get the body to relieve stress. And workouts tend to keep me at a higher level of functionality than if I don't. Keeping my testosterone level up seems to be vital.

Having said that, I am on a slight upswing since some very significant changes to diet and workout regimen since September. But the slight upswing is not a cure (at least not yet).

I wasn't implying that. All psychosomatic disease is very real. The psycho-part is just related to the cause. It's not meant to say that it is an imaginary problem.

"There is now sufficient data to conclude that immune modulation by psychosocial stressors and/or interventions can lead to actual health changes. Although changes related to infectious disease and wound healing have provided the strongest evidence to date, the clinical importance of immunological dysregulation is highlighted by increased risks across diverse conditions and diseases. For example, stressors can produce profound health consequences."

https://en.wikipedia.org/wiki/Psychoneuroimmunology

In your case, the problem, after the ulcer, was healing the affected parts. If the underlying psychological issue that triggered the ulcer was/is still there, then the process of proper healing of the affected parts is also affected.