Topic: Steemit how can this thing be workable long term? (Read 32319 times)
Steemit plaform is for me interesting only as a social experiment. The community forming there is pure utopia. You have society of people dependant on mathematical system and feelings of other members, that together reward each participant of community.
If I can find anything worthy in a project design like Steem but with necessary improvements that I don't think they will make, it would be nice to get back to coding and stop arguing with dumb motherfuckers.
Even if just for the fun of creating something for a change.
Even if just for the fun of creating something for a change.
Steem price can never "collapse" entirely - because the power to "direct" what content dominates a successful media/social platform will always be something of tremendous value to those who want to create and promote trends, commercialize the trends that they create, etc etc.
My understanding is everyone is moving away from ads towards gamification.
You basically have to spam ads in order to generate income. And the income is net loss overall to your ability to compete for usership.
You basically have to spam ads in order to generate income. And the income is net loss overall to your ability to compete for usership.
I didn't really feel like going through all of the comments before, but there is something already like this that doesn't pay you "on the blockchain".. rather they just pay you money or (I think) bitcoins as well...
From my understanding, when you start powering down, you still have Vests, so you still have a share the 9:1 steam going into the vesting pool. The amount of Steem that you get each week should increase. In the end, you are going to get much more Steem than what you put in. You can hope the market does not plummet faster than the slow increase in the amount of coins that you receive each week.
The whole system seems too complicated and I did not have enough time to study it properly (recently registered on their platform) and I doubt I will have any good content to publish there soon.
From my understanding, when you start powering down, you still have Vests, so you still have a share the 9:1 steam going into the vesting pool. The amount of Steem that you get each week should increase. In the end, you are going to get much more Steem than what you put in. You can hope the market does not plummet faster than the slow increase in the amount of coins that you receive each week.
I'm not in favor of steem-pumping, or crypto-pumping in general, but we are in a time window right now where content is low in quantity and thus rewards that were meant for a larger audience are split to a smaller one - being quite good for existing members that manage to attract whale voting.
The safest thing to do now is not but steem coins. If you have any with you, sell as fast as you can, keep cool and see if the coin will rise again...
iamnotback, before investing your time in this, have you considered the possibility that the devs's ultimate goal is to enrich themselves instead of making steem a success?
To me everything points to the former, closing registration + extending payout time in a last ditch effort to retain value of the hyper-inflated currency + no change to the flawed voting algo cuz it will lower their power
To me everything points to the former, closing registration + extending payout time in a last ditch effort to retain value of the hyper-inflated currency + no change to the flawed voting algo cuz it will lower their power
I think Steemit it for a long time. I myself often read articles from around the world. It is very interesting . I'm not there because of the profits, but because I'm interested in the information.
Another thing many people forget is that STEEMIT is only the FIRST app on STEEM.
Read: STEEMIT is NOT STEEM.
Steem is much more than Steemit.. Steemit is just the beginning.
As you can read from steem.io:
The first app on Steem
Steemit—a social network that pays its community
Steemit is a blogging platform with it's own SMT called STEEM. These tokens are distributed to content creators and curators daily as rewards, based on community voting.
We built Steemit on Steem to show the world the future of the web. We built it to inspire new digital content business models and apps by entrepreneurs and developers.
Read: STEEMIT is NOT STEEM.
Steem is much more than Steemit.. Steemit is just the beginning.
As you can read from steem.io:
The first app on Steem
Steemit—a social network that pays its community
Steemit is a blogging platform with it's own SMT called STEEM. These tokens are distributed to content creators and curators daily as rewards, based on community voting.
We built Steemit on Steem to show the world the future of the web. We built it to inspire new digital content business models and apps by entrepreneurs and developers.
WhenHub is useful and creative and that is one of the reason why! Because Time and Knowledge are the most valuable things nowadays, and this project can help people to save their time and get needed information quick and easy. The service uses dezentralized apps running on the Eth blockchain to create secure micro- contracts that can be as short as 15 minutes as well as to provide frictionless billing and payment service. No paperwork or billing is involved and I appreciate it. Monetize your time and knowledge with WhenHub!
Thoughts on this?
https://steemitimages.com/0x0/https://steemitimages.com/DQmezj6rLZoPkMRM4QfJXGsEv639LNh7fZbRiZhURq4Cjc9/chinaRanks.jpg
https://steemit.com/steemit/@blakemiles84/china-s-ministry-of-industry-and-information-technology-rank-steem-2-blockchain-globally
https://cryptobriefing.com/chinas-government-loves-ethereum-steem/
China seem to be very appreciative of Steem, ranking it #2 of all cryptos, only second to Ethereum.
https://steemitimages.com/0x0/https://steemitimages.com/DQmezj6rLZoPkMRM4QfJXGsEv639LNh7fZbRiZhURq4Cjc9/chinaRanks.jpg
https://steemit.com/steemit/@blakemiles84/china-s-ministry-of-industry-and-information-technology-rank-steem-2-blockchain-globally
https://cryptobriefing.com/chinas-government-loves-ethereum-steem/
China seem to be very appreciative of Steem, ranking it #2 of all cryptos, only second to Ethereum.
maybe the developer from Steemet has an internal disruption, like his:
- employees have not been on salary
- software upgrades have not been reached yet
- lack of financial resources
hopefully in the future there is no more like this in creating economic progress, so must be thought through first before building a business empire.
- employees have not been on salary
- software upgrades have not been reached yet
- lack of financial resources
hopefully in the future there is no more like this in creating economic progress, so must be thought through first before building a business empire.
This is true. If the big content houses are smart they should react at the right time and act in the right way. But if they do not react at all, they will be eaten alive slowly by the new blood and their market will shrink. Dominance in business in the internet is not the same in the real world. The shift in power happens much faster and at the strangest times online. The advent of blockchain apps will see to this.
This thread was very enlightening. It is now of my opinion that STEEM is poised to do a Bitconnect scheme and exit.
I never realized the amount of inflation happening on the STEEM platform and obviously this is unsustainable in the coming future. I would rather invest in creating a real blog and relying on google adsense. At least with google, you are more secure in terms of your time investment.
I never realized the amount of inflation happening on the STEEM platform and obviously this is unsustainable in the coming future. I would rather invest in creating a real blog and relying on google adsense. At least with google, you are more secure in terms of your time investment.
Part of the talent is keeping it fresh and not pushing one topic to the point of exhaustion. The best blogging personalities do it well. Subject matter experts are not always expert bloggers.
That also having users interested in viewing the articles. If you just keep it fresh with no new inputs then the users will just go away to somewhere else.
Interesting thread. At present state, what are the main factors contrasting the inflation / diluition of the supply?
Say a blog post receives 400$; where do those 400$ come from?
Say a blog post receives 400$; where do those 400$ come from?
Interesting solution, and I do believe that if implemented correctly, this could fix the problem of the same old garbage getting voted for thousands of dollars.
The problem with your solution is that implementing it, while improving the quality of the platform as a whole, would not be in the best interests of the developers. Simply put, people are only using Steemit to make money. Nobody is saying "Wow, look at the quality of content on Steemit!" The ONLY draw to the platform is the profit possibilities. By fragmenting voting into niches, there will no longer be posts earning tens of thousands of dollars. People will see the dollar values going down of top posts (as now money is split more evenly between the topics) and assume the scam is starting to dry out. The longer they can pump this bubble, the better for the few at the top of the ecosystem.
The problem with your solution is that implementing it, while improving the quality of the platform as a whole, would not be in the best interests of the developers. Simply put, people are only using Steemit to make money. Nobody is saying "Wow, look at the quality of content on Steemit!" The ONLY draw to the platform is the profit possibilities. By fragmenting voting into niches, there will no longer be posts earning tens of thousands of dollars. People will see the dollar values going down of top posts (as now money is split more evenly between the topics) and assume the scam is starting to dry out. The longer they can pump this bubble, the better for the few at the top of the ecosystem.
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