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RE: NEW YEAR, NEW RESOLUTIONS. DO THEY WORK?
My resolution is: get through the year without murdering anybody. 100% success rate … so far.
Congratulations ... but how much have you really challenged yourself? Have you, for example, ever met a STEEM Whale or Witness in person. Your constraint in such circumstance would be indeed worthy of praise. :-)
Quill
Dear @quillfire
What about you? I dont think most of those people would bother to even talk to someone with small SP. That's how I see "big players" here.
Cheers
Piotr
@crypto.piotr,
I have had a couple of superficial communications with a couple of Whales and a Hell of a dust-up with a Witness Group (4 members) regarding proposed reforms to the blockchain ... they DO NOT want Rules of Conduct that would prevent vote selling/buying.
The value of an idea is independent of the pedigree of its author ... and that is one of the huge dangers of the STEEM/Steemit model. The big players are big players (with perhaps a small number of exceptions) because they were miners or early adopters ... essentially, they were in the right place at the right time. Hence ... techies.
Being able to write Python is but a fraction of the knowledge required to effectively manage a cryptocurrency. The knowledge-base amongst Whales and Witnesses is EXTREMELY skewed towards IT and noticeably deficient in basic business management skills. I used to manage of couple of hedge funds (one a currency-trading fund) and am very familiar with the financial, economic and legal issues that will effect STEEM but which have nothing to do with 'coding.' These issues are every bit as important, if not more so, than DApps ... and yet they are being largely ignored.
For example, SMT's will ABSOLUTELY be considered securities by the SEC and other world securities agencies. And yet, people still think that they'll just pay a dollar, start a SMT and do an ICO. The utterly ignorant think that they won't be subject to SEC jurisdiction just because they don't want to be ... as if, somehow, it will be "their choice" (ignorant Anarchist ideological baloney). This is off-the-scale amateurishness. It costs tens of thousands of dollars in legal fees to set up even the simplest of non-US offshore structures and once you involve securities, that amount increases exponentially.
The US government has a plethora of ways to "establish jurisdiction" and has an extremely long and successful history of doing so. All of the US-based Witnesses, nodes and users .... not to mention Steemit Inc.'s US residence ... will be more than enough to establish a nexus.
I'm not being mean for the sake of being mean. I love Steemit and desperately want it to succeed. But a level of professionalism (and realism), that is at present wholly absent, will be required if it is to survive.
Quill
You are exactly right. Basically the saving grace for Steem right now is that it is such a small bit player that it is under the radar of SEC / fed or at least is not any kind of priority in comparison to scam ICOs and exchanges playing fast and loose with the rules.
That's a good point @carlgnash
I also was wondering if this is not Blessing for Steemit that it's just so very small ((still)
@Quill Sir
Extensively covered all the problems that were being faced by Steemit.
"....a level of professionalism (and realism), that is at present wholly absent, will be required if it is to survive."
My opinion is if all the whales would have taken a New Year Resolution to become DOLPHINS, then the Steemit will become FAMEit!
LIVE AND LET LIVE sort of situation must come in Steemit or else anything may happen......
@Quill Sir, with this commanding comment, you've just went in for the Kill!
Hats off!
@marvyinnovation,
It's nice to see that there are some fellow travelers out there. Thank you for this most generous commentary.
Drop by my blog anytime ... it's a hotbed of smart folks ... and, we could always use one more. Steel sharpens steel.
Speaking of "could use one more" ... (time is short).
https://steemit.com/powerhousecreatives/@quillfire/measured-our-mettle-vote-10-000-steem-delegation
(And never mind about calling me, "Sir." My friends call me, "Quill.")
Quill
Dear @quillfire
I would like to thank you for another amazing comment. I appreciate all the time you invested into replying to me.
Yours
Piotr
I've met worse. Why in particular the whales and witnesses though?
Posted using Partiko Android
@eturnerx,
Venting.
85% of SP (limited upvoting capital) is owned by Whales & Orcas. Most of such SP is being delegated to bidbots and other game-rigging mechanisms in an effort to generate Passive Income (interest) instead of Curation Awards. This, of course, destroys the entire concept upon which Steemit is predicated ... that there will be a correlation between the production of Quality Content and Compensation.
And so, Steemit slowly dies. The people who could change this, the Whales and Witnesses, are, of course, the very people who own the bidbots. Ironically, they are also the ones who have the most to lose ... but as long as someone else is doing it, so too will they.
And hence, they all sit around watching the price of STEEM spiral downward, in direct correlation with the number of declining active users. As STEEM is an inflationary currency (the Reward Pool increases the Monetary Supply, thereby decreasing the price of STEEM), an increasing user-base is the fundamental condition upon which all else depends (new users are required to sop up the newly issued currency to negate the inflationary effect).
What is the only thing that sets Steemit apart from the multitude of other competing social media platforms ... and hence, the magnet that attracts new users? Compensation for Content. But such compensation is entirely dependent upon how the Whale/Orca SP (85% of the total) is deployed. Such massive SP diversion away from its intended purpose prevents authors (and professional curators) from earning anything substantial based up Quality Content creation/curation. Either cheat, work for next to nothing ... or leave.
This is not a winning formula.
And yet, instead of enacting the obvious remedy ... killing the vote-buying/selling mechanisms ... all we hear from Whales and Witnesses is stupid Anarchist ideological mantras: "No Rulers, No Rules;" "Decentralization;" "Everyone Gets To Vote Their Stake" ... as if mouthing such ideological pablum does anything to address the underlying problem.
STEEM/Steemit is a Killer App ... that is being killed off by the very people who have the most to gain from it living ... all in the service of short-term self-interest and 'ideological purity' ... Satoshi's Dream. Adoption of common sense "Rules of Conduct" ... to stop the flagrant cheating ... would be akin, it is argued, to communism, fascism and totalitarian control.
Quill
Hi @quillfire
Steemit only dies in eyes of those who are interested in monetary rewards. It's still the best platform to build influence within crypto space out there.
Plus communities here and high level of engagement are the reason why this platform will not die anytime soon. There is simply nothing better that could replace Steemit and push it into "shadows".
Absolutely not.
Steemit allows me to target audience better than any platform out there. Mostly because I can scan STEEM blockchain and easily find content creators that are valuable for me.
More and more people and businesses seem to slowly realize that this is the only platform (currently) out there which still enjoys good traffic and is allowing people to engage with each other.
Those who are here because of "compensation" and rewards will never last very long.
Yours
Piotr
@quillfire You might be interested in projects like @steembasicincome, curation efforts like @curie and the various communities that often include curation and mutual support as part of them.
I've written before that there is no objective measures of quality that a blockchain can enforce. That leaves judgement of quality to somebody's audience. A mutual co-audience is roughly what I'd call a community. It's the communities that need to gain in power.
To that end, I support community builders via sponsorship to @msp-makeaminnow and I also am working on @we-are (see @we-are-one for the blog) to help communities get technical tools and access to SP. @we-are is in closed trial and currently supports around 1500 members.
That's mostly what I'm involved in. Can't say I'm innocent on the bidbot front myself - I do need to make an income until I can build my audience enough to earn from posting alone. So, I can somewhat sympathise with people who go that way. But, a big chunk of my steem networth is in community building because community is everything.
I might need some help too.