The main problem is that I don't believe that it is possible to have a decent way to make Steemit sustainable.
- People are selfish
- People will abuse the system, especially in anonymity
How will you incentive many people to invest into a coin where a huge share goes to some blog writers and a big part of them are going to use selfvotes and other shit to get the maximum out of i? And if you want to get some extra profit out of your steem power you gotta do the same.
I believe that the economic proposal goes into a way where it might improve the Steemit experience, but fixing it? I'm not sure that is possible at all.
The curation increase will incentive voting other people more and thus incentive people to invest in Steem Power.
The rewards curve will make it more important to use bots but if you use bots and don't provide great content your content is going to be downvoted which is going to make bot abuse much more difficult.
Steem as a blogging platform is a highly experimental social experiment, and I'm not sure it can succeed at all. It's something we may find out with tons of trial and error.
But Steem as a platform for developers for Dapps, that is easy. Steem is easily the Platform with the easiest onboarding for new developers and with the help of cheap rpcs and resource credits + fast transactions it is very inviting to build your app on top of this blockchain. Especially with delegation markets which allow you to rent steem power more short term to get started it allows super easy onboarding without any commitment.
That's why MIRA was so important and that's why SMTs are going to be important too.
(Even though they might be badly late).
What guarantee is there that the proposals will actually produce some ROI in the form of a higher market cap for Steem? Just having a proposal system means nothing if there isn't any growth. Is Steem going to be burned?
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Now, the Proposal System is supposed to take care of initiatives as development and marketing. So we have to hope that the investment into these things will have a higher return than the actual investment.
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I understand you. You are looking from the developer's side and possibly you are right. Maybe what you mention may bring investors. I'm not a developer and I do not know how easy it is to build a dapp in Steem, Eos, Eth, RSK, etc. I know the basics.
From the side of the investor, and talking about the SMT. Giving two launch dates and not fulfilling them, is another BIG failure. Trust, in this world is everything and you can not make that mistake as a company.
However, all my comment was focused on the 50/50 change.
Please, tell the marketing guy that he has to let the world know about this...
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I completely agree with you on this, this year is the first year I am starting to trust in Steemit Inc since they are starting to deliver and showing better communication. Let's hope they will keep that up.
And I agree, one thing they definitely have a lot to learn yet is in marketing. Because that's something steem and Steemit are missing completely.
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@raycoms if under word marketing you mean to promote Steem to bigger audience, than I totally agree. Another thing are tone of dapps, and coins under steem, floating all over. All exchanges, working with steem, games, news, new developments... Where are those in one place to show them to new members? It's not hard for me or anyone else who is here on Steem for longer period. will you say to new member to make speeddial group with all 72 steem links? I doubt it
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https://steemapps.com/
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that's your poisoned world view - believing that "people are selfish" and therefore we need some kind of authoritative police force that is going to make sure people are restricted from being selfish - that will just cause organism to die.
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Unless you can show me any scientific publication which proofs that people are inherently altruistic and are able to organize themselves in non hierarchical systems I am forced to believe the current state of the art believe.
People are selfish, they only care about themselves and getting the best out for them, at any cost and the entire blockchain eco system with all the scams, manipulations and worse while there are no "enslaving authorities" is my proof.
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People can be selfish and the economic pie can still grow. There is no reason to have a shrinking pie unless you are doing something wrong. You think people working in company X are doing it out of altruism?
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Now, I never said that the economy has to shrink out of selfishness. But what will happen is that if the economy grows, who will get the extra are going to be very few at the top.
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people are programmable - so whatever the mind-control system of the moment wants - people are - unless they awaken and do their shadow work. Oh and there are plenty of enslaving authorities in the blockchain.
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