Is There Any Interest In Moving Steem Forward?
This is a legitimate question that we have yet to see answered.
Obviously, many in the community chose to remain with Steem. This is led by the developers of a number of applications who are still tied to Steem. Many of them are stepping up by setting up Witness servers. This is being done in an effort to stabilize the blockchain that was spotty since the hard fork a week ago.
There is no way to dispute that a lot of talent decided to uproot over to Hive. We know there are many reasons for this which was discussed ad naseum.
Which brings us to today.
What everyone wants to know is if there is a future for Steem?
Some believe there is while others are convinced that it is a "dead man" walking. Personally, I believe it is too early to answer this question.
Ultimately, the way Steem is presently structured, there is only one elephant that matters. Justin Sun has centralized the entire ecosystem. The ninja-mined stake was not only used for Witness voting but is also now being used to up and downvote content.
All of this, however, does not preclude Steem from success. We know the world is presently centralized so it is a model that might work. Obviously, this is of no interest to the hardcore crypto people but, for the masses, it might work.
Of course, there is the question of why even use a blockchain if something is centralized? Why not just set it up in a traditional database, which is a lot more efficient.
To me, the question is whether Sun is going to simply dump his STEEM to net a profit or if he cares about making a go of the ecosystem. This is the only reality that matters.
There is no doubt he has a lot of resources. This could certainly be used to Steem's advantage. However, if he is in for the quick profit at this point, none of that matters.
So, at the end of the day, is there any interest in moving Steem forward?
I do not believe anyone can answer this question at this point.
Thats my bet! Look where we are
I agree, it's too early to tell.
I'm hanging around, trying to get informed and watching all of this unfold. I enjoy the tokens here on this platform
thanks for the post.
it's Saturday; so have a !BEER
Well, there's an interest in having the price move forward for sure...
Steem feels a little like a job or a gig right now, you don't necessarily love the people you are working for, but you love that they have a paycheck for you (in this case, in the form of STEEM that can be powered down) you don't give them your blood sweat and tears, but you give them enough to keep the paycheck coming meaning your work is still valuable to them.
Justin wanted users, he doesn't care which kind, he's got them.
If Steem gives you enough that you can compare it to a paycheck, then you have a completely different experience than mine.
If Steem gives you enough that you can compare it to a paycheck, then you have a completely different experience than mine.
I am powering down.
As a freelance writer, I piece my income together. Powering down gives me an income the size of a SMALL job. Big jobs, small jobs, I take them all.
So no, this won't give me a "full paycheck" but it will give me a piece of an income, and that is always welcome.
Of course there is a future for Steem.
Those who think it will go to zero are either arrogant or naive or both.
I don't pretend to know how Justin will move forward, but the whole drama is still pretty young and maybe with some de-escalation things can sort out.
It is highly likely with some time we will see a return of community elected witnesses and probably both projects will develop their own personality.
I'm not saying it is going to be great again, but also I am not saying it will not be.
Hotheads and money don't mix, in my mind there are 12 weeks left for people to calm down and come to their senses.
I think Steem will win in the end.
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Time will tell what's going to happen with the Steem platform. It's a great big unknown with Justin at the helm as we have seen so far. It sure will be interesting to see how this all plays out.
He don't have that option anymore... I think.
I would not be surprised to see Sun sell his stake in one big lump ... which will bring SteemIt another glorious overlord. I will stay active on both SteemIt and Hive just to see what happens.
certainly, it is too early to tell, we have to see next moves to judge that, but time has to goes by, at least half a year to see where Steemit is heading
He could have dumped already if that was his plan. Now, if you mean run prices up and dump at higher prices, that is another question entirely. However, it's pretty clear he is not dumping ASAP like many seemed to claim he would. He could have already done a HF to instant power downs to select accounts only if he wanted, but he hasn't. Not saying I would buy into the FUD at the current price, but it's clear that the fears were already overblown. It all comes down to how much Sun wants to put into this to make steem go up.