Steemit Update

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

Trending

anyx (69) · 6 years ago

AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies.

Have you guys thought much about leveraging a more decentralized back-end? I recently launched a full node, and have been talking a lot about the decentralization of APIs with people. Notably, my node is quite underutilized -- I'd be happy to help by drawing some traffic.

On a bigger scale, I feel like if we convince witnesses to offer more API support, we could extend this to a fully decentralized scale. I'm sure many other witnesses would be on board providing Devops and infrastructure. We'd need to improve things like jussi, and get some better lines of communication with whomever is currently doing devops for Steemit, but I know in the long run we can do a lot better than AWS.

Changing the culture towards this seems logical to me: decentralized the source of the data, and decentralize the costs.

$15.81

therealwolf (75) · 6 years ago (edited)

I'm in favour of Witnesses taking more responsibilities regarding APIs.

However, just a side note: Steemit Inc.'s API & infrastructure costs are in the millions of dollars per year. A "normal" API node costs max 1000€ per month, so roughly 12,000€ per year. If we really take this approach seriously, this will require a lot of funds, which might be difficult to come by in this bear market.

$0.51

apshamilton (64) · 6 years ago

12,000€ (CAN$18,000) per year is more than @anyx paid to buy a 512 Gb full node server with an Xeon Gold CPU!!

Why would you pay more per year than the total capital cost of the item?!

anyx (69) · 6 years ago

Not to mention my server was absolute overkill.
However, it does have a monthly cost for collocation hosting, but this is a fixed cost of only a couple hundred/mo, but that also buys things like redundant power, cooling, etc. But indeed, in the long run, purchased assets are the way to go.

bobinson (63) · 6 years ago

redundant power supply
redundant internet
24x7 monitoring
cooling
DDOS hardware
real estate cost
legal costs
salary

$0.00

apshamilton (64) · 6 years ago

The last 5 items are only necessary because of huge centralized data centers. They are not needed when running less than 10 machines as part of a decentralized system. Redundant internet is easy and cheap to add and redundant power supply is only necessary in places with regular power outages. Once in ten years is typical for central Tel Aviv where I live. 24 hour monitoring is automatic if server is in your home and you also work from there.

Posted using Partiko iOS

$0.29

bobinson (63) · 6 years ago

Well, I have around 120 desktop (in my office), software routers instead of hardware routers etc. All of them custom made - so I tend to agree to what you say. But with these expensive hardware and network speeds (read QoS, BGP poisoning avoidance, DDoS protection) etc, its not quite possible to handle them the servers in our home. For example @anyx I am sure can handle most of the hard ware/CPU/memory related aspects. I can't. But I can handle lot of the network aspects - which others may not be able to. The witnesses are a mix of sysadmins, researchers, programmers and marketers - so we can't expect them to run the 17 + 2 + 2 servers in their home office. Even if everything including BGP is taken care of, I don't think DDoS is something we can monitor and retaliate that easily (unless we have a OpenBSD box and we are very handy with firewall rules).

Being said all this, I don't think we need to really host all the witness nodes in our backyard to save costs. Proper AWS cost optimizations can save a lot of costs. Personally I don't see any reason why the full nodes are on AWS where every disk access is billed. Once the development is done, those instances can be moved to data centers. AWS and cloud as we know is for elastic needs (CAPEX) and in the case of steem full nodes that kind of "elastic scaling" is not possible. (due the architecture.) May be sharding like NEAR protocol ( https://nearprotocol.com) is the way to reach there - but its not in the near term.

To conclude, its very much possible to run the infrastructure in traditional data centers at much lower costs than AWS. Steemit.com's workload is not something that needs cloud computing.

daan (68) · 6 years ago

If Steem Monsters was able to run a successful crowdfunding campaign, both on Kickstarter and Fundition, why wouldn't that be possible for Steemit? They can easily give out delegations as rewards, which wouldn't have too big of an impact of the Steem price.

Also, won't Steem receive around 20 million USD in funding from Global Blockchain Technologies? Source

Look, I obviously haven't spent that much time thinking about this, it just seems that budget problems are somewhat easy to solve in this day and age.

$0.11

inventor16 (64) · 6 years ago

Yeah.... A small part of me wants to believe that firing 70% of the team was done because they realized they hired the wrong people and the low market cap was just a good excuse.

$0.00

anyx (69) · 6 years ago

Steemit Inc.'s API & infrastructure costs are in the millions of dollars per year.

This is insane and I guarantee you it's due to massive inefficiency. No website with this level of interaction costs that much. Yes -- we need to improve second layer (and primary layer) solutions to take the load off actual steem machines, but it's really not that hard.

themarkymark (78) · 6 years ago

The problem is the high cost of a single node, and the fact you need lots for scalability and redundancy, then you need a few that do nothing but create state files for the active ones and you need backups and staging ones. It adds up quickly.

It would be far Simpler if it was just a typical database.

$0.00

anyx (69) · 6 years ago

Not even. The problem is poor first and second layer solutions on top of a full node.
Yeah, full nodes also suck. A lot. But the whole stack is worse.

$0.00

themarkymark (78) · 6 years ago (edited)

No Arguments here. I hope this crypto drought encourages some good innovation that handles this. Sometimes loss is required to kickstart innovation.

$0.17

ura-soul (75) · 6 years ago

Agreed - though maybe it depends on where the line is drawn around what is and isn't classed as infrastructure.. Or maybe someone is misleading ned.

$0.00

bobinson (63) · 6 years ago

However, just a side note: Steemit Inc.'s API & infrastructure costs are in the millions of dollars per year. A "normal" API node costs max 1000€ per month, so roughly 12,000€ per year.

Few mis configured EBS volumes with crazy IOPS values, Cloudfront, heavy usage of Docker based builds etc can be the reason for the high costs. AWS is not the right solution for something like steemit.com which has no per-visitor or per-user revenue model or challenges with capacity.

$0.00

roundbeargames (70) · 6 years ago

i'm in favor too. and eventually maybe more than APIs.

$0.00

therealwolf (75) · 6 years ago

What do you have in mind?

$0.00

roundbeargames (70) · 6 years ago (edited)

nothing specific lol i'm just a gamedeveloper.

as for the cost of running a node i have no idea i'm sorry. but maybe that cost should've been steemit inc's only priority instead of trying to do everything on their own.

$0.00

apshamilton (64) · 6 years ago

I very much agree with you @anyx that there needs to be more decentralisation of the back end and I congratulate you for launching a full node.
I also think that witnesses need to be owning their own hardware for witness nodes rather than renting it on the centralised "cloud". While @anyx's Xeon server with 512 Gb cost you CAN$16,000, its is possible to create a 128Gb witness & API server using HEDT motherboard and sub $500 CPU for around US$2000.
Screen Shot 20181128 at 12.30.56.png

$0.41

imacryptorick (61) · 6 years ago

Owning your own witness server is somewhat problematic.
Other than bandwidth issues, (unless you have fiber based internet).
A power outage, internet issues (which I'm sure are common not only in Israel) and even a piece of hardware that stops working can make you miss far too many blocks, and cause small malfunctions all across the blockchain, not so small if you're in the top 20.
Maybe it would be best if different witnesses would host their server on different server providers, but it seems there are many providers to begin with.
Those are my 2 cents on the issue.

apshamilton (64) · 6 years ago

Thanks. I've addressed these issues in more detail here. https://steempeak.com/@apshamilton/properly-decentralising-steem-and-cutting-costs-by-witnesses-running-their-own-servers-and-apis

$0.34

apshamilton (64) · 6 years ago

All these things can happen at a centralised hosted solution which is fundamentally more vulnerable because of its centralisation.
The whole point of decentralisation and having 20 witnesses and 100+ backups is that there is a quick failover to the next witness.
Also, for each witness having HEDT servers each with a once off capital cost of $2000 rather than an annual cost of $2000 forever means you can have more backup nodes and more redundancy.

It simply does not make sense to be renting when you can buy for around 1 year's rent.

$0.32

imacryptorick (61) · 6 years ago

A server provider usually operates in several countries, so unless someone is cutting an underwater internet cable, a witness can reactivate their server within 24 hours (much less if he/she is more experienced).
While a server in their home/office can easily be shut down for 3+ days, if their ISP is shitty in their area.
If there was an infrustrcture to allow witnesses to share their servers with each other (if that's even possible), to could allow more decentralisation without the drawbacks I meantioned. But I don't know how feasible such a project is.

Posted using Partiko Android

$0.00

apshamilton (64) · 6 years ago

I’m not suggesting no redundancy. A witness should obviously have their backup server node in another location with another internet provider. Also it’s easy to have have a backup internet provider at your home or office. Everything an outsourced provider can do can be done for much less cost yourself when you are talking about single digit number of servers, which is what decentralized solutions involve.

Posted using Partiko iOS

techcoderx (64) · 6 years ago

That's unless we have someone as huge as YouTube's Linus Tech Tips on @dtube who runs servers themselves...

$0.00

roundbeargames (70) · 6 years ago

ned would have to give up most of his steem for any real whale to come in and start dealing with the costs ;)

$0.00

ragnarokdel (58) · 6 years ago

While you're right, you can have redundancies like a UPS(duh), a generator for back-up power and do the same thing for internet connections.

$0.00

anyx (69) · 6 years ago

Witnesses typically scale up over time. If you're a backup, you can front a fixed cost of less than $1000 and run it on your home internet. This is reasonably stable enough nowadays. When you get higher in the witness ranks you can deploy more nodes and improve redundancy and performance.
Missed blocks from one entity on the network won't impact things significantly anyways, we have built in redundancy at the system layer (the blockchain itself) so it really isn't a practical concern.

$0.00

anyx (69) · 6 years ago

HEDT are a great way to go for limited API support (you can't fit all the api's, but you can serve a large amount of requests locally and route the ones you can't serve appropriately).

Notably, you can also build a consensus machine (e.g. 'witness node') for less than 1000$. My purchase price for a full api was overkill -- we can bring the costs down by optimizing for tasks rather than "do it all super fast on the same giant machine".

grintsch (54) · 6 years ago

It's great if you can use different API endpoints; basically this is what a decentralized infrastructure should offer, anyway. However, when it comes to running API endpoints and other services reliably and at scale - so that other (professional) services can depend on them - it's not a simple operational task and it certainly isn't cheap.

I suppose it's important that we start stressing actual business models on top of Steem. If anybody is running an actual business that doesn't take its revenues from the reward pool, that person or organization would have an intrinsic motivation to have its own infrastructure under control, therefore could run it and potentially offer to outsiders, as well. Is anybody out there?

The next question then is: would anybody be willing to pay for API services to access and interact with the Steem blockchain? Would that make a business model of its own?

$0.34

kaliju (65) · 6 years ago

I suppose it's important that we start stressing actual business models on top of Steem. If anybody is running an actual business that doesn't take its revenues from the reward pool, that person or organization would have an intrinsic motivation to have its own infrastructure under control, therefore could run it and potentially offer to outsiders, as well. Is anybody out there?

Hi @grintsch! We're building @dstors and I can tell you that our revenue model is not based on taking out of the reward pool. On the contrary, the objective is to distribute the existing reward pool to those on the blockchain who perform any and all economic activities related to their sales through their own @dstors. You can peruse the executive summary of the whitepaper that was released a few days ago on our blog. Yes, we're out there! Focused exclusively on giving back to the users as much as possible while introducing new models of interaction with the blockchain beyond what steemit.com initially offered through blogging.

$0.00

grintsch (54) · 6 years ago

Right, thanks for pointing that out. Great to see that, and I'll definitely check out your site and material.

$0.00

liberosist (70) · 6 years ago (edited)

Would witnesses really want to subsidize operations of Steemit.com? Steemit.com remains the central pillar for Steem, drawing in the vast majority of actual users and usage, so there's some argument to be made for it. However, Steemit.com itself has proven to be unsustainable. I remain skeptical that a large scale social network will ever be sustainable on a blockchain without centralized layers. This entire post and all of Ned's comments below are firm evidence.

PS: Before someone says it - no, speculation is not a sustainable financial model.

roundbeargames (70) · 6 years ago (edited)

just because steemit inc/steemit.com is unsustainable it doesn't mean steem is. ned is the biggest whale here but one man's opinions has got nothing to do with a social network being sustainable or not.

if a central body is absolutely necessary for social, we should ditch steem and stick to facebook. but i thought people (especially crypto lovers and steemians) were so sick of it?

this is more like an opportunity for witnesses to actually step up and start making changes for more decentralization. it could be one of many solutions to come that shows steem's potential is not restricted to steemit.com or steemit inc or ned.

$0.26

liberosist (70) · 6 years ago (edited)

Never said anything about "central body being absolutely necessary for social". Furthermore, it's counterproductive to cite extreme and irrelevant examples such as Facebook.

The world doesn't work in extreme blacks and whites. The reality is more nuanced. To make Steem sustainable, we need centralized layers like Hivemind. This will retain the decentralized nature of the Steem blockchain, whilst streamlining computing resources required and thus greatly reducing costs. It's not just Steem, top blockchains like Bitcoin and Ethereum are also working on centralized layers of some kind for scalability and sustainability. It is clear this is the future of public blockchains, and does not mean "central body is absolutely necessary".

PS: I'm not interested in arguing semantics of "centralized layer", so don't bother.

$0.26

roundbeargames (70) · 6 years ago (edited)

if that's not what you meant then i stand corrected. facebook is not extreme and irrelevant because if this community remains dependent on one individual who owns a private company, it's just as extreme.

to say that we need centralized layers like hivemind is probably more black and white than anything i said. it could be one of many possible solutions. i'm guessing when you say the reality is nuanced we shouldn't look at hivemind as the only choice for sustainability. but sustanable for who?

ps. i think i understand what you mean by a 'centralized layer'. the only thing i wanna point out is that it doesn't have to come from steemit inc. and one company being unsustainable doesn't prove its necessity either.

$0.00

liberosist (70) · 6 years ago

Sure, there can be other solutions, but Hivemind is our best option that can be implemented in the near term for significantly improving sustainability. For whom? For everyone that runs an app or service on Steem, and requires Steem API nodes. Thus, eventually, for the end user. We want Steem to survive and thrive, and for that, improved scalability is essential. I understand you don't like centralized bodies, but almost all of Steem exists today, as it is, because of Steemit Inc. It has been two and a half years, and precious little has been contributed to Steem outside of Steemit Inc. Sure, it doesn't have to be that way, but that's the base reality. Till the time that other organisations and individuals start contributing significantly to Steem, Steemit Inc's survival is important to Steem.

$0.00

roundbeargames (70) · 6 years ago (edited)

yes steemit inc was the creator. but it doesn't mean they should hang on to control or should have any more weight in deciding where to go from here. it's a sad reality that after 2 and a half years this supposed 'decentralized' and 'censorship-resistant' platform still requires a central body/layer/whatever to stay running. if ned never used those words then everything i said would be irrelevant.

i have to disagree with you because steemit inc's survival is no longer important. even if steemit.com and api.steemit.com suddenly disappeared we'd still have other full nodes run by witnesses (or anybody who thinks the cost is worth it?). a lot of people will be confused and there'll be chaos. and i guess prices would drop too. (believe me i wouldn't like it. dan gave me a 100% downvote for saying most people would be locked out if steemit.com disappeared)

but the blockchain will stay and devs would simply switch servers. if steem breaks down due to one company/one man, then it doesn't deserve to stay. but i almost know that wouldn't be the case. or hope.. :)

anyx (69) · 6 years ago

I don't see it as being specifically for Steemit Inc., I see it as a path towards providing a decentralized data backbone for all of steem, which any app can use. Steemit is just one app on the steem platform.

$0.00

liberosist (70) · 6 years ago (edited)

Sure, but realistically, it's not "just one app". It's the vast majority of Steem - that was my concern. Ned says it costs $2 million per year to sustain Steemit Inc's infrastructure. Whilst some of it is the frontend, it's implied much of it is running Steem API nodes - their primary focus now is to reduce costs on them. I don't have numbers, but judging by activity, witnesses will have to take up an order of magnitude or more greater load. At the current prices, all top witnesses combined well have witness revenues of under $750k. How will we support a $2 million infrastructure? Yes, witnesses can go for cheaper infrastructure than AWS, streamline things considerably etc., but the sustainability seems very questionable. Not to mention, Steem is tiny now. We'll need to scale 100x to be relevant to the mainstream, and 1000x to compete with Reddit.

It's not adding up.

Yes, the price may increase, and it likely will, but history has showed us that price does not scale with activity - it is its own speculative bubble, and not a sustainable revenue model.

To be clear - I'm all for witnesses co-operating for the betterment of Steem, but I'm concerned about the harsh realities of the situation. Is it even feasible?

$0.00

anyx (69) · 6 years ago

Ned says it costs $2 million per year to sustain Steemit Inc's infrastructure.

This screams inefficiency. Very few database providers require costs in this range. It's time we take a serious look at providing infrastructure instead of just "buying more AWS instances" because they have cash to blow.

I've been digging into the API flow of steem recently and quite frankly I'm shocked at how poorly maintained things are. My rough estimates are at least one order of magnitude improvement with relatively minimal changes. This isn't theoretical, I have actionable plans for improvements.

So is it feasible? Yes, absolutely. Sure, we have to encourage development and deprecate old API formats, but it will be worth it in the long run.

Lets take our heads out of the bull-market induced sands. They call the period after a market bubble the "plateau of productivity"... lets embrace that, and buckle down and work.

fyrstikken (75) · 6 years ago

@anyx us investors also have skills and connections, I and probably other stakeholders would be willing to use our many skills and connections to help @ned with getting the liabilities down and the assets up etc etc.

@ned has earned reputation and goodwill from Fyrstikken Inc. So all we need to do is to get together virtually and talk and do things like a scheduled team/external board members & advisors.

I normally charge a lot for this important service, but because of Goodwill, I will give @Steemit Inc. or @ned personal an ONE-year agreement for ONE DOLLAR for ONE dedicated hour per week over 52 weeks.

May I suggest Sundays since that is the day most leaders sit alone in their home offices and plan for the battles of the week a day before the non-leaders arrive on Mondays, so Sundays it is a good day to meet with very little distractions, 100% focused & 100% dedicated like stakeholders/co-owners of the STEEM blockchain.

You game?

liberosist (70) · 6 years ago

Thanks for the insight, much appreciated. Like I mentioned, I had figured things could be streamlined significantly, but didn't expect 10x overspending from Steemit Inc. It doesn't sound possible, but then again, laying off 70% of your workforce months after going on a hiring spree seems far fetched too.

All the best, I hope both Steemit Inc. and fellow top witnesses pay attention to your plan and implement them.

$0.00

liondani (69) · 6 years ago

I full support that mentality!

shla-rafia (68) · 6 years ago

Logic isn't everything. You need a good heart, too. The question is: Where can you buy one?

justyy (82) · 6 years ago

like that idea! I am in!

10 votes

fitzgibbon (61) · 6 years ago

Fully agree with this

$0.00

kryptik (63) · 6 years ago

This is along the lines of what I was thinking.

$0.00

carlgnash (69) · 6 years ago

This, 1000%. Steem blockchain is really not decentralized at all in actual practice if everything grinds to a halt when there are issues with the steemit api nodes. Many top witnesses already run full nodes and most if not all are barely utilized at all.

$0.00

nathanmars (71) · 6 years ago

My contact details
Telegram @nathanmars
WhatsApp +447901003594
Discord @nathanmars#2708
Twitter @nathanmars7

$10.55

robertandrew (67) · 6 years ago

Holy Sh@t ! As soon as I get down about Steem and these layoffs it's people like @nathanmars that make me realize that I am here for the long term and ain't going nowhere.Matter of fact Iam investing more today and powering up .

And Iam right with you brother @nathanmars. Iam no whale but Iam a dolphin who takes pride in creating high quality Content.

@ned....damn, take @nathanmars up on his offer. PLEASE !! We need more like him. This guy's the real deal !!

$0.57

alexabsolute (63) · 6 years ago

I agree, if theres anyone who can make a massive impact it’s @nathanmars

Posted using Partiko iOS

$0.22

nathanmars (71) · 6 years ago

I truly appreciate your kind words brother and I really mean it !!!

Posted using Partiko iOS

$0.21

gray00 (57) · 6 years ago

Steem is incredibly powerful. I 100% agree that DTube is the killer app. More development and better user experiences/education will ensure that in in the coming months.

hotbit (58) · 6 years ago

DTube is the killer app

Quite ironic people use youtube on this page...

P.S. Quick question - are older videos deleted from dtube and just thumb / image left?
Just tried to re-watch some videos uploaded ~6 months ago. They do not start. Is it a time limit or something for videos to play?

https://uploader.oneloved.tube/

nathanmars (71) · 6 years ago

Thanks for a wonderful question and feedback.

What makes a killer app ? The community and people then the how innovative the platform itself.

Dtube is nowhere near YouTube. We’re constantly working on improving the platform by bringing new developers, designers and investors. And also by collaborating with other projects and DApps.

If you see the potential of dtube becoming the killer app then please contribute what you can.

As we’re building the decentralised video sharing platform we want to creators to own their data and content. And you can purchase a unlimited storage from

So that you can watch your older videos forever.

We’re working on giving creators the option to upload the videos that stored permanently and even if that option is paid option.

Thanks for feedback and if you’ve any other questions then please let’s talk.

$0.00

hotbit (58) · 6 years ago

Thanks for a feedback.
Well, there is no such thing as a free dinner ;)

- it would be worth to add on affected dtube pages that video was deleted due to age/storage costs.
it is not stated what you get for $10 subscription - 10MB, 10GB upload space?
Are $ USD or SBD?

nathanmars (71) · 6 years ago

Thanks for your encouraging comment.
If most people who involved with STEEM feel powerful then we can take STEEM to the next level!

Also I do want to lie and say Dtube is killer app at the moment in time and we’ve so many aspects that we need to improve. As we continue to focus on making Dtube Revolution, my focus to build the strong community and create the strong foundation to build the innovative features and make Dtube a innovative platform.

Ps. I talked with Jon yesterday and I’m excited what OneloveDtube going to come up with :)

$0.00

nathanmars (71) · 6 years ago

I appreciate your valuable comment and your time to writing this comment.

Glad to hear that you’re powering up. This is a great time to invest more of your time and energy to show your quality of work and contribution to our community.

Posted using Partiko iOS

$0.16

cryptospa (73) · 6 years ago

@nathanmars, thank you for sharing this video with us! I've read almost all of the comments and have been thinking about the current situation... Your comments are great. You are a nice and positive person.
Have a gread and productive day, bro!

nathanmars (71) · 6 years ago

Thanks your lovely words brother !!

I'm super super excited about the current situation and it's huge huge opportunity for people who think long term.

Warren Buffett thinks in investing time frames of at least 5 years. But his holding period is preferably much longer… “Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.”

enrique89 (63) · 6 years ago

I am very happy that you are thinking like this, I believe that the basis of steemit is in us and we should help in a positive way

nathanmars (71) · 6 years ago

Thanks for your encouragement!!

If people do something rather than just forming opinions then steem will move forward faster.

Let’s do something and contribute what we can to make this place better for others.

$0.23

enrique89 (63) · 6 years ago

If I am a friend from Venezuela I do not stop working to keep people on the platform and I believe in steem, I am willing to help in the area of neuromarketing for the promotion

meno (73) · 6 years ago (edited)

if anyone is feeling fear right now, when this is the reaction from people who are big inside our community, you are not opening your eyes!

$0.32

therealwolf (75) · 6 years ago

Exactly. And I'm just going to leave this here:

Musk: Tesla was near death during Model 3 ramp-up

$0.21

nathanmars (71) · 6 years ago

Nathanmars : 77.7% chance I'll go to Mars

$0.00

stellabelle (75) · 6 years ago

Sorry but Ned is not Elon Musk, not even close.

Posted using Partiko iOS

$0.00

nathanmars (71) · 6 years ago

I don’t have these two words in my dictionary.

FEAR
GREED

Posted using Partiko iOS

$0.00

xpilar (83) · 6 years ago

Hi @nathanmars

I hope Ned will get in touch with you and that you exfoliate positive thoughts about the platform and the
way forward with Steemit

We all love this platform and it must only be here for the future

$0.21

nathanmars (71) · 6 years ago

Thanks for your support my friend!!

Let's choose LOVE over FEAR and move forward with STEEM :)

masterthematrix (60) · 6 years ago

What a great encouraging video response from you @nathanmars. We need more whales like you speaking out to build Killer Apps with Steemit.inc together! I hope @ned will take this chance to come together with you! Good to have you here in this hard times!

Posted using Partiko Android

nathanmars (71) · 6 years ago (edited)

I truly appreciate your loving words.

I’m more excited than ever in my short but 5 months full time steem journey.

Prices down and people who only came for money are leaving, Fake entrepreneurs are leaving. What an amazing time to BUILD killer DApp and simultaneously build global inter connected community!!

Posted using Partiko iOS

jongolson (74) · 6 years ago

you know what i think bro. i support you 100000%.

great offer you made and steem would only grow with you helping even more.

appreciate you.

Posted using Partiko iOS

nathanmars (71) · 6 years ago

I truly appreciate from bottom of my heart brother!!

Thank you for your continuous encouragement :)

Let's win together !!!

$0.00

therealwolf (75) · 6 years ago

Super strong positivity - I love it!

nathanmars (71) · 6 years ago

$0.00

reseller (74) · 6 years ago

Very heartfelt @nathanmars, I hope @ned takes you up on your offer! Thanks for all the support this year!

nathanmars (71) · 6 years ago

Thanks a lot brother!!!

We always appreciate your continuous efforts in building a strong dtube community.

Let’s encourage others to be BOLD

Posted using Partiko iOS

$0.00

tibfox (69) · 6 years ago

Nathan that was a good move from you and a very true community act with all of your possibilities and man power. I highly appreciate your video response and the awesome positive message within it.

Thank you for being such a good motivator and thank you for being a part of that community!

Peace!

nathanmars (71) · 6 years ago

Norman BIG Thanks to YOU for being part of our amazing dtube community!!!

You contributions and efforts are much appreciated.

Let's build strong global community together :)

$0.00

gadrian (66) · 6 years ago

And I love you man for the generous and always positive involvement in this community! I hope Ned considers your offer.

nathanmars (71) · 6 years ago

We love you too brother!!!

Let's keep on building the community and support the killer Dapps building or let's build our own killer dApps!

Have a lovely day :)

$0.00

joeyarnoldvn (61) · 6 years ago

I wish you the best. You look confident, smart, capable. I've done some web design. It's good that people around the world share in common vision, in all of this. Good video.

nathanmars (71) · 6 years ago

Thank you so much from bottom of my heart!!

Let’s change the world together :)

Good to know your Web designing skills and Please get in touch to discuss any collaborations with Dtube and other steem based DApps.

I’m planning to do weekly virtual meet-ups to bring all the developers and designers and community leaders together.

Posted using Partiko iOS

$0.00

alexabsolute (63) · 6 years ago

I’m only just studying a degree in graphic design at the moment (1st year) but I’d still be interested in helping in any projects there are 😀😀

Posted using Partiko iOS

$0.11

nathanmars (71) · 6 years ago

I knew that you’re studying in China but I didn’t know what are you studying..

Now I’m know and thanks for bringing that to my attention.

I’ll keep you updated with my plans for weekly virtual meet-ups for extra ordinary people :)

Posted using Partiko iOS

alexabsolute (63) · 6 years ago

Awesome! I’d be glad to help wherever I can 😀😀

Posted using Partiko iOS

joeyarnoldvn (61) · 6 years ago

Awesome.

old-guy-photos (73) · 6 years ago

Hey Nathan I just want to say you are building a great community of content creators that believe in your vision. I really appreciate your heartfelt video response and I hope Ned does as well. If we had a few more folks at Steemit Inc like you, this platform would be really rocking right now!!!

nathanmars (71) · 6 years ago

I truly appreciate your full support in building strong community !!

Let's take ownership and responsibility and BUILD the FUTURE :)

$0.00

fruitdaddy (64) · 6 years ago

I will also come to Austin and work for free for Steemit Inc.

nathanmars (71) · 6 years ago

Awesome buddy!!! I would love to work with you brother:)

Posted using Partiko iOS

$0.00

kabir88 (60) · 6 years ago (edited)

Legend! We need more builders like @nathanmars and fewer bag holders who either suck the reward pool dry or dump their coins at the first sign of trouble.

nathanmars (71) · 6 years ago

I truly appreciate your words brother!!!

Entrepreneurs and Business minded people love opportunities. This is the huge opportunity to BUILD the future.

Posted using Partiko iOS

$0.00

jonyoudyer (64) · 6 years ago

Much respect for this man! Great to see someone doing instead of saying.

nathanmars (71) · 6 years ago

I’m a doer !!

Hope you’re a doer too my friend:)

Posted using Partiko iOS

$0.00

jonyoudyer (64) · 6 years ago

I like to think of my self as someone who is a doer on the block chain. @canna-curate is a project that has untied the cannabis community here. You build the apps, and Ill help build the user base, how does this sound?

nathanmars (71) · 6 years ago

I like to connect with Doers :)

Contact me directly.

Talk to you soon!!

Posted using Partiko iOS

$0.00

fr3eze (68) · 6 years ago

This is how a true believer looks like in real person. Hats off for the free service you've proposed in the vid. All the best buddy.

nathanmars (71) · 6 years ago

Thanks for the comment buddy !

Yes I truly believe in my ability and my vision!!!

Hope you’re a true believer in your own talent and your potential:)

Enjoy your day ahead:)

Posted using Partiko iOS

$0.00

vladivostok (70) · 6 years ago

cheers brother, love you man!

nathanmars (71) · 6 years ago

Thanks buddy!

We love you too :)))

Posted using Partiko iOS

wholeself-in (57) · 6 years ago

Dtube is the killer app!
The more You Tube, twitter, and even PayPal and Stripe censor, the more decentralized apps built on a distributed blockchain are needed!

nathanmars (71) · 6 years ago

Thank you so much for your comment!

Dtube community is the killer community in the entire Steem Blockchain and we’re more than like a family.

Dtube is not a killer app yet and we’re building the foundation to make new innovation and features. We put quality people before quality contents! It’s all about community in Dtube.

Plenty of new opportunities to entrepreneurs who see this potential to BUILD many variety of killer DApps!

Future looks bright for TRUE believers of STEEM :)

Posted using Partiko iOS

$0.00

melissaofficial (64) · 6 years ago

Minutes after watching this video I didn't waste much time, you came out nicely and politely to ask for a chance to help. Just to show my support that @ned should hire you, I made a post titled "hire him!" with a picture written nathanmars just to show my support. You need to be recognized and I am happy for what your doing here and our desire is that @ned should hire you, we will say Ned hired him because of his hardwork.

Posted using Partiko Android

nathanmars (71) · 6 years ago

Thank you so much for your efforts and I truly appreciate it.

It's not about me and it's about everyone. If somebody who is willing to put in the work and persevere then not just @ned and all the people want hire.

Let's be so good that they can't ignore us!!

$0.00

leotrap (72) · 6 years ago

True Believers in the Ecosystem... you said!

nathanmars (71) · 6 years ago

Thanks buddy!

It’s easy to score goals when the opposition has 9 players and the score 3-0 and we’re winning.

True believers and great players make their team win when tran is loosing 0-3 by coming on as substitute.

This is the time for great players to come out and score goal for STEEM

leotrap (72) · 6 years ago (edited)

Well, Cavani, Suárez, Forlan are from my town... so Goal is the only thing I know to shout!
Let's go for that ball... again!

Peace V!

soyrosa (74) · 6 years ago

You rock Nathan. I hope @ned sees and appreciates the gold he has in his hands when he can just simply tap into the community and all the talents and ideas and skills we have to offer him - most are willing to put in a few hours a week at least, can you imagine what would happen if we started to build with Steemit Inc, all of us?

nathanmars (71) · 6 years ago

I’m appreciate your lovely comment!!

It takes special kind of person to understand the long term vision of an True entrepreneurs.

I started watching his recent YouTube live-streaming and we can all join him in the next show and share our ideas and skills.

I’ll rephrase this question to everyone. What if everyone in Steem ecosystem behave and act like they own the STEEM Blockchain? What if we can take responsibilities and ownership of our platform?

I’m not @ned but I behave and bring value to our ecosystem like imagining that I’ve the same power as he does to take STEEM to the moon

Hope it makes sense and I’m looking forward to seeing you on Dtube :)

$0.00

paulag (73) · 6 years ago

Awesome. Hope ned considers this

Posted using Partiko Android

nathanmars (71) · 6 years ago

Thank you so much.

He know this option is on the table. And I’ve zero expectations from others. I’m self-made to contribute to others!

$0.00

mjtravel (61) · 6 years ago

I am so touched with your message with good heart and love in steem blockchain and the community @nathanmars . I salute you and Respect you even More.

nathanmars (71) · 6 years ago

Thank you so much encouraging words and I truly appreciate it !!

I’m so happy to have you with our DtubeFamily777!

Let’s respect everyone and love others :)

$0.00

whatamidoing (69) · 6 years ago

Hire @nathanmars, @ned!

nathanmars (71) · 6 years ago

$0.00

stackin (78) · 6 years ago

You the man @nathanmars! You always steppin' up! :)

nathanmars (71) · 6 years ago

Cheers brother!!

I get bored playing in the same level.

Posted using Partiko iOS

$0.00

slayerkm (67) · 6 years ago

I don't know anyone better to help grow this community we have all loved becoming.

Thanks for you efforts towards Steem Natahan

Posted using Partiko Android

nathanmars (71) · 6 years ago

Truly appreciate your kind words brother!!

We're all in this together :)

$0.00

wonderwop (66) · 6 years ago

Great response Nathan. I'm sure he will reach out. 👍

nathanmars (71) · 6 years ago

Thanks a lot buddy !!

Happy Steeming:)

Posted using Partiko iOS

$0.00

iamjadeline (69) · 6 years ago

Woot woot! Keep Steeming. This is dtube revolution and Steemit-pillar-building.
@nathanmars, thank you.

nathanmars (71) · 6 years ago

Thanks darling!!!

Posted using Partiko iOS

$0.00

prydefoltz (65) · 6 years ago

Sell ads, Ned.

$5.47

15 votes

ned (69) · 6 years ago

All options are on the table. Thanks for your support.

$0.46

davemccoy (63) · 6 years ago (edited)

How about try listening to your customers (users)? Maybe the attrition rate wouldn't have been so high and all the newcomers exiting so fast if you paid them some attention to understand why they showed up in the first place... I've given you many messages myself, but you ignore them. Sad for all the people involved, but until you realize that in any business you must learn what your customers want, then this place will not turn around. I gave it a solid year and made 500 steem ($150) and spent many many hours a day.

Here's a perfect example:

I wrote a post for @abh12345's contest on why Steemit is so good and my post was in the top 3... But you didn't comment it, or upvote it... nor did you take the time to comment or mention the winner either.... You were friends with one of the girls and managed to give her a $1 or $2 upvote, so obviously you saw the contest, but didn't take the time to comment on people actually trying to help YOU and YOUR COMPANY... Pretty sad in so many respect...

it makes you appear that you are an elite that doesn't care about the "common folks"
it makes you a bad marketing guy because that message from the contest should've been not only have been read, but PROMOTED.
it makes people lose respect for you as a leader, because you are not just failing to lead, but you don't even recognize the leaders like Asher (@abh12345)... How can you lead if you fail to spot other leaders? (think about it and be honest, you know I'm right)
the failure to upvote the winning post, while giving a trivial upvote to someone you are connected to also sends a message that a) you're cheap and b) you're willing to reward your friends for their content (with an implicit, "as long as they suck up to you"). NOTE: I was not the winning post, but I damn well remember how I felt that day about your snub of the actual winner.

I doubt you will listen to this, and I certainly don't care about any upvotes anymore. I just thought maybe someone telling you the truth might one day get through. You are a young guy, but you have put yourself in surroundings that you a) get told what they think you want to hear or b) get complete hate negativity thrown in your direction. I would suggest that listening to either of those groups has put you and Steemit in the position it is today. I would also suggest that you "search" for people that will tell you the truth.

One last thing, if you're going to run a "social" platform, you should try to let people have more than 10 comments a day... If you think there is any way in hell people are going to pay you to talk, then you have no idea what motivates the common man/woman. A social site that restricts its users to a point that is noticeable, will die a quick death (as I'm sure you've seen in the numbers). And by the way, I (and many others) tried to tell you this when HF20 came out, but for some reason whoever's instincts its was to go forth and see if people would accept it was dead wrong. I can only hope that person is in the 70% because they really did a disservice to you and the company.

Take care and good luck, I truly hope Steemit succeeds and steem goes up in value. I have many friends that I've met here and I also see the potential. But until there is a leader at the top that "gets it", then it won't ever come close to that potential. I do hope if you stay in that role, that you develop the skills. I myself learned them over a long career. It doesn't happen overnight, but you are capable of fixing this and if you do, then everyone will put this moment in time behind them.

Cheers!

$1.23

kassixo (64) · 6 years ago

You're saying that people come to Steemit to get attention from the founder? I came to Steemit and I've never ever even hoped for Ned's answer to any of my comments or posts. He doesn't have to do that imo, but if he does, it's just the cherry on top.

People shouldn't expect an upvote or a comment from the founder imho. People should focus on building their community.

roundbeargames (70) · 6 years ago

no he's saying a leader shouldn't be so biased :)
votes was one of the signs. disabling the comments for a video where he wants to emphasize transparency is another.

kassixo (64) · 6 years ago

Thank you for explaining this without getting mad. : )

$0.00

davemccoy (63) · 6 years ago

With all due respect that is one of the worst conclusions someone could come up with from my comment. The lack of his attention in the situation described was an example to illustrate where @ned is failing and has nothing to do with me "wanting an upvote". You should read things a little better before you try to dismiss the argument with such a shallow argument.

And I know of many people that focused on building the community, but many of them felt they were working against management. If you are afraid of the truth being stated online, then I'm the wrong person to speak to. Steemit is failing not due to any sentiments of any users, but because they are currently failing to listen to the users. The ones that are trying to give them advice on how to fix that are "helping them".

And please don't insult me again by twisting words to make me look shallow.

kassixo (64) · 6 years ago

I'm sorry if you feel insulted by my conclusions, but I don't think it's anything to get mad over. I didn't try or want to insult you or anyone so maybe you shouldn't feel insulted so easily. Maybe you were just in a bad mood a bit? IDK You just could've opened a further discussion and explain without getting arrogant. < Didn't deserve this imho. :/

I get what you're saying with your second paragraph though, because as a community builder, I've felt the same. I mean I like to build a community on Steem, but then again I've felt a thousand times that why doesn't Steemit do it themself or am I even allowed to do that on my own.
As I've understood, decentralization stands for community running things and therefore Steemit has let us do that, not doing much themself. At one hand, that makes Steem decentralized, no? Please correct me if I'm wrong.

$0.00

davemccoy (63) · 6 years ago

I fully am fine with Steemit letting us build our own community and don't care if they ever market things or spend resources on helping make the community vibrant. I do however care that they make rules that make it almost impossible for people to stay. The implementation of HF20 and the introduction of RCs (which limited certain functions based on what THEY deemed important) was a disaster. People that sign up now have limits of 10 (or less) comments a day. I know some people think that's perfectly ok, but they essentially killed making this a mass adoption social platform. If that's what they want, they should just tell us. I have spent a year trying to get people to stay involved because of the "potential" to go viral, but that one decision makes it an impossibility. NOTE: for those that claim there is a cost to running the blockchain, my answer to that is these limits on any particular function are purely arbitrary. Why limit the thing new users care most about unless you are either 1) trying to kill it or 2) so out of touch that you have no idea what its like to be a new member that's learning for the first time how this place works.

ps... I don't want to argue with you about the point where you say I felt insulted. Its not important.

$0.00

kerrywolf (59) · 6 years ago

!!!

This! This right here!!

bashadow (65) · 6 years ago

Very well said. There is a reason people came to steemit, there is a reason people stay on steemit, now it looks like there is a reason for Ned and Steemit Inc to figure out why.

davemccoy (63) · 6 years ago

Exactly @bashadow... And if I were @ned, I'd get in contact with YOU first... You are the epitome of a great Steemian that just shows up and tries to make everyone's life better on a daily basis!

$0.00

bashadow (65) · 6 years ago

He just needs to look back on his own companies reason for steemit, like they advertise on their home pages, why did he start the company, what did he want from the company, and what change did he want to bring about. From Steem.io front page, (he should look at it every now and then:

A new social media model
where contributors get
big perks

roundbeargames (70) · 6 years ago

ned needs to take this comment seriously. there'll always be dick suckers and haters but he's not listening to the modest people who just wanna speak the truth. i think the current rc budget is actually less than 10 comments a day for a new user, which shows how disconnected he might be.

if steem can't go for decentralization, at least let some else with a little more humility take over.

doomsdaychassis (63) · 6 years ago

When a job opens up for someone to tell you the truth I am in line right behind Dave. Seriously though you should let people like @davemccoy and @abh12345 help. They are good people.

davemccoy (63) · 6 years ago

lol... Yes I know you would be there for sure DDC! And it would be great if they actually took the time to learn what we know, they are missing out on a treasure trove of some seriously smart people from all walks of life!

doomsdaychassis (63) · 6 years ago

Some people are not able to think outside the box. Like my teachers in school used to tell me " you won't have a calcualtor with you all the time in life" . Oh really? Like the one I am typing this reply on and then going to make call on? That calculator? I have been telling them to make trending for actual trending posts and put the bid bot garbage in the promoted section and put a 5% tax/Beneficiaries on it for a long time now. The Beneficiaries would go back to steemit for operating costs. Then trending wouldn't fucking suck and steemit could make some $ off this dumpster fire they have going on. I have tried to get people to come on here and got them accounts set up and stuff and they always bail in onder 2 weeks.

joeyarnoldvn (61) · 6 years ago

Are you giving up on Steem which is much better than Gab, Minds, Bitchute, Brighteon, MeWe, Utterz, etc? Making money with cryptocurrencies, including Steem, is a long-term investment, and it is a gamble that may or may not work. There are a lot of variables that we should consider and we live in historical times. You should hang on and wait another ten years or more for all of this to work out. We need a lot more time to get all of this to work. It's not as easy as we all may want it to be.

davemccoy (63) · 6 years ago

No I'm not giving up on Steem, I was just giving @ned some advice... Whether he takes it or not is up to him. I have no intentions of selling my steem to buy anything other than steem monsters (which is also a variable that I think might even save the platform!) ... Thanks for the optimistic view though, that is a very nice thing for you to try and do (convince me to stay patient!) ;)

$0.00

joeyarnoldvn (61) · 6 years ago

Great. Good advice. Can we mine or seed Steem like we can with Bitcoin, BitTorrent, etc?

$0.00

davemccoy (63) · 6 years ago

That I don't know, I'm sure there are others here that would know!

$0.00

glory7 (80) · 6 years ago

Definitely one of the best replies I've ever seen in Steemit.

davemccoy (63) · 6 years ago

Thank you very much for the compliment @glory7!

$0.00

crypto.piotr (70) · 6 years ago

hi @davemccoy

would you mind sharing with me link to your mentioned post ? I failed to find it and I would really like to have a look

https://steemit.com/welcometosteemit/@davemccoy/the-party-is-just-getting-started-welcome-to-steemit-everyone

davemccoy (63) · 6 years ago

Sure I'm happy to do that... Here you go!

And if you go to the same date on @abh12345's page, you will see his wonderful attempt to get a positive message out! And you can see the other entries too!

Thanks for checking on this, its nice to know :)

crypto.piotr (70) · 6 years ago

Im very sorry for such a late reply @davemccoy

Thank you for being so responsive. I noticed that you have enormous follower base. CRAZY!

You're one of the most popular blogger here on Steemit, arent you?

yours
Piotr

$0.00

donkeypong (75) · 6 years ago

That option should be on the table along with others. I appreciate the move toward sustainability in a market that's tougher than most of us thought it would be, but it's disappointing the organization was that far from sustainability and didn't anticipate some market swings.

My suggestion would be to manage your site, which I have not seen done yet. Moderate it like other social media sites. Bring in some revenue. I thought we had a revenue model here, which is posting and voting? I don't think anyone will begrudge you guys for voting the master account on these updates if that means you can pay for development. Or run some ads. Or find a some entity you can partner with to run the site or operate the communities if you guys don't want to oversee it yourselves.

$0.40

jassennessaj (71) · 6 years ago

Agree. I hope the Promoted section becomes an initial place for Ads and that becomes a generating revenue for Steemit Inc. to shoulder the costs.

$0.00

nextgen622 (71) · 6 years ago

I've been waiting for ads for more than 2 years now. I remember you @ned hinting the possibility of ads back then which got me excited. But hopefully this could be a reality now.

ats-david (74) · 6 years ago

When did he hint at ads? Last I spoke with him on the topic (spring 2017), he had zero interest in it.

nextgen622 (71) · 6 years ago

Pretty sure it was around the end of 2016 when he spoke at a conference and talked about the possibility of including ads on Steemit and possibly setting up a non-profit for this. I think this was before the ‘Promote’ function on Steemit, so probably Q3 2016. I remember several people writing about it too.

$0.00

luzcypher (74) · 6 years ago

I remember him hinting at adding adds back in 2016. He suggested having it be optional for each user and keeping it small at the bottom of your post, like a footer link. He even mentioned sharing the revenue with the user.

$0.00

https://steemit.com/steemit/@ats-david/advertising-revenue-and-distributions-on-the-steem-blockchain

ats-david (74) · 6 years ago (edited)

You sure that wasn’t me?

At that time, in private chat discussions, Ned made it very clear that he had no intentions of working on anything to do with advertising at either the blockchain or interface level. And he certainly was not in favor of sharing any ad revenue with users.

luzcypher (74) · 6 years ago

I'm pretty sure I heard him talking about it during a podcast or video somewhere. I'll see if I can find it and shoot you a link.

$0.00

luzcypher (74) · 6 years ago (edited)

Here's one video where he's talking about adding advertising that I have cued for you where he touches on it. There's also another video interview somewhere where he goes into it in more detail.

Keep in mind though, that he never said he or Steemit Inc. was going to work on this specifically, but only alludes to the possibility of it being a revenue generating business model for some unspecified application. At least that's how I understood it.

$0.00

ats-david (74) · 6 years ago

Regardless of what he said publicly, in his private conversations with me, he explicitly stated that relying on speculation was the much better bet rather than attempting to create revenue streams via his interface or attempting anything at the blockchain protocol level.

Three main points taken away from that conversation were:

Profits from speculation was STINC’s primary funding plan.
There was absolutely no desire to create a revenue-based interface or protocol-level ROI or profit-sharing for Steem investors.
There was a complete lack of foresight/vision and a complete lack of comprehending how social media is actually monetized in the real world.

Steem was in a unique position to truly innovate in both the blockchain and social media space. Our “leadership” - the people who assumed control of blockchain development and its messaging - not only failed to acknowledge their assumption of leadership, but also failed to produce anything attractive for users and investors while assuming that role.

Advertising was always an obvious option for any social media business (which is what Steemit was supposed to be) that wanted to be healthy. Other blockchains have developed these capabilities at the protocol level. But it was mercilessly shot down for a variety of piss-poor reasons and other nonsensical ideas were focused on instead...most of which will never be delivered.

Meanwhile, Ned is claiming that speculative profits have failed for his company (I told him that it was not a good strategy) and now he is claiming that advertising is on the table. It may be a little too late for his failed company, but there may still be hope for the blockchain if anyone is willing to actually work on these kind of worthwhile concepts, as opposed to SMTs, which will either never be delivered or will just end up creating a bigger infrastructural and legal mess.

I can share the conversation with you, if you’d like to read it yourself.

bashadow (65) · 6 years ago

I think if you were to ask any of the social people that are on steemit here for the social atmosphere, you would find that they left youtube, facebook, reddit because of intrusive advertisement. Advertisements are already on steemit. What do you think all those steemhunt, dlike, actifit, dlike post are all about? It is people advertising products to people. I myself do not upvote or even look at any of those tags. I do not like advertising that much. I have no problem with people wanting to become non-paid sales men for products but at least I can easily ignore 90+% of them all on steemit. Ads would drive people like myself away.

mattockfs (60) · 6 years ago

Think adds for visitors only that reward authors would be very a mega boost to the platform. It could attract top content providers to the platform while allowing us to spent our adds budget right here on this platform.
Today, if you link your blog post on Twitter or FB and it ends up getting massive amounts of visits from non-users, chances are you make $0.10 or less on a massively successfully post. Not the way to attract top content providers. Now consider the, what?, $0.30 or so per click you pay for an add campaign on Amazon. Wouldn't it be cool if you could run that campaign on Steemit for a fraction of that? You could make the platform add free for authenticated users, make adds opt in for authors, draw in establihed top content providers with add revenues and allow people to spent their advertising budget with the blockchain as one and only middle man. I think adds, if done right and front end independent, could be a massive win for everyone.

$0.40

bashadow (65) · 6 years ago

For making money that is fine. For people that want to see ads that is fine. For people like myself, who quit TV because of ads, who rarely looks at you tube videos because of ads, who will click news stories off I am interested in because they want to put a cookie tracker on me, or have excessive ads, not fine. There is no opt out for advertisements. People on steemit are advertising for free all the time as I mentioned above, they get a payout from the people they work for, I do not vote on nor even open any page that has the first tag as one mentioned above.

Advertising banners and plugins get added I will do like I have in the past, find something else. I know people want to monetize all their content, I even vote on their content to help the monetization of their content.

I have yet to go out in a serious search for how to convert my steem into spendable monies. I have found a way to semi sort of buy steem, and that is to buy stemm monster cards. But I am enjoying the game. If I had to wade through a bunch of advertisements to play, I would just go back to other games I like that are add free.

Advertising money is not the end all be all of everything internet wise. If the internet needs advertisers to subsidise the internet then the internet is in big trouble and will die of natural causes, or it will be bailed out by well meaning idiots, like the american automobile industry. The american banking industry, and the american this and that industry that has been bailed out by the American tax payers ever since FDR.

If advertising is the only solution to steemit's problems then steemit will have a problem, as they currently do, retaining users. If Steemit still dreams of being something new in the world of social media then they must not repeat the problems of the current social media.

For myself, like I said, if they bring advertisements on board then odds are very likely I will leave and go elsewhere.

mattockfs (60) · 6 years ago

I think the value of the platform, first and foremost is determined by its content, and as such a huge problem standing in the way of growth for steemit lies in the fact that there is negative incitement for established top content providers to switch to the platform.

The reality is: established content providers make money from advertising and their established followers that they will lose the moment they move to steemit. Basically they start from scratch on the platform, hoping they can build a new following to make up for the old one no longer generating profits. The old following is used to adds, the potential new following, as you so rightfully point out is unlikely to even tolerate them. But I think this doesn't need to be a problem. What I think would be the solution to make these two wolds connect is actually pretty straight forward.

Posts don't get advertising unless the author opts in his/her post.
Advertising won't show on posts if the visitor has been authenticated as a steemit user.
Advertising won't show up on posts if the visitor arrives on the post from another steemit page.
Advertising is modeled as an automated internal market (like the STEEM/SBD internal market, but also like a two-sided version of Amazon advertising bids system) based on tags.

By doing it this way, none of the regular steemit users should even notice there are adds. Someone however who is an established content provider on an other platform however will draw visitors who aren't steemit users (yet), visitors that, coming in from FB/Twitter/etc links will get presented with advertising that would provide the content provider with hopefully a competitive revenue stream.

Note, I'm not in any way suggesting any of the revenues from advertising should go to Steemit Inc. I am suggesting the feature of allowing established top content providers to migrate without loss of advertising revenues will end up improving the monetary value of STEEM, what in turn will fix things for Steemit Inc.

Without Steemit INC or any other third party getting in between the person running the add campaign and the established top content providers, in theory steemit should have a competitive edge from the perspective of both the content provider and the person buying click throughs.

Hope I'm makeing sense here.

markkujantunen (74) · 6 years ago

Good riddance! Apart from ads or paid promotion the only solution is pay-to-play. Reality is setting in and speculative money is dwindling. It's time for Steem to start earning!

If advertising is the only solution to steemit's problems then steemit will have a problem, as they currently do, retaining users. If Steemit still dreams of being something new in the world of social media then they must not repeat the problems of the current social media.
For myself, like I said, if they bring advertisements on board then odds are very likely I will leave and go elsewhere.

There are billions of social media users out there who don't mind ads at all. Have you ever read the Steem white paper? The value proposition of Steem is to get as many of those people to come on board or to consume the content as possible.

If the Steem community rejects paid promotion, then the platform is certain to die.

$0.00

markkujantunen (74) · 6 years ago

Sorry to disappoint you but it was stated in the Steem whitepaper that the value proposition of Steem was the attention of the crowds. The way to monetize that is through ads and paid promotion.

Did you seriously think a game of Greater Fool was going to pay the bills forever?

bashadow (65) · 6 years ago

Like I said I have no problem if people, steem, or steemit, want to monetize, as I said if the only way forward for the internet is through advertisements and subsidies, at some point people are not going to continue to subsidize it. Then the internet will get to be back where it started out as a tool for researchers in Military Industrial Complex. How many industries must be subsidized before it all becomes owned by the state. We have seen how well that has worked out in other countries.

When flashing ads start to appear on steemit in every available pixel of white space, then I will be leaving steemit, as I have left a lot of other media that relies on advertisements.

The way to monetize that is through ads and paid promotion.

If that was the original intent, then waiting two and a half years to explore and find a ways and means of that paid advertisement has been a complete and utter failure and with that then steemit will go the way of Compuserve, AOL, genie, netscape, and a lot of other early internet companies and die an ignoble death due to the inability of its leaders to look ahead and see where they and their company are headed.

I, and the other users of steemit are not the ones that caused the failure. Attracting Advertising, and advertisers is not the answer to everything that is wrong with steemit.

It keeps getting pointed out the immutability of the blockchain, and the security of it. There are a lot of of tax preparers in the United States, that have records they must maintain for 7 years or more. Same with accounting companies, and tax laws have been changed to where digital copies are valid for use.

The failure of steem.io company is it's inability to reach out to the people that would benefit from their technology. They seem to be to focused in one direction, and not paying attention to what is going on in and around their blockchain.

Look at what Steem Monsters has done. Look at the shear amount of information they must save and process for their silly little game to work. 90% of what they have done can be so easily translated into other fields and industries, yet where is the Vision?

Yes I cave to all the masses drinking kool-aid, the answer to everything on the internet is ADVERTISEMENTS

$0.00

markkujantunen (74) · 6 years ago

What you're describing is pay-to-play. And that's a perfectly fine way to bring in revenue. That can exist alongside with advertising revenue as a source of income.

You have stated your personal distaste for ads but the vast majority of Internet users do not share it. Social media is still a growing business and it's funded to an overwhelming degree by advertisers. All the Internet giants, including Google, get the vast majority of their revenue from ads. Gargantuan value is supported by ad revenue. It is nothing to scoff at. (And, no, it doesn't have to be 1990's style blinking banner ads on a white background. And there is much more to paid promotion than banner ads.)

$0.00

dana-edwards (74) · 6 years ago

All options need to be on the table and tried. We should also consider a referral program. It's time.

$0.00

dana-edwards (74) · 6 years ago

Take your blog and go home then. Those of us who intend to stay and build an ecosystem will have to be economically sustainable. Bloggers have been feeling the pain for months and it's time to actually solve the monetiztion problem. Ads need to exist also because currently people are paying bots to upvote when they could just buy promotion the right way.

And ads aren't bad if done right. Make it op-in, and do things right.

$0.00

bashadow (65) · 6 years ago

Take your blog and go home then.

That would solve so so many problems would it not if everyone just went home!

Bloggers have been feeling the pain for months and it's time to actually solve the monetiztion problem.

If you read back a few comments in this trail you will see that I am NOT your kind of blogger. I did not come to steemit to monetize myself. If you did look back you will see that I am a user of steemit.

After one and almost a half years I have still not bothered to look into how to buy, sell trade steem and make it into "REAL" money. It was only through playing steemmonsters that I was able to buy some steem. But the truth is I was not buying steem, I was buying digital cards to play a game.

Ads need to exist also because currently people are paying bots to upvote when they could just buy promotion the right way.

So ads are going to do away with the vote bots, as a user I do not see that happening.

All options need to be on the table and tried. We should also consider a referral program. It's time.

All options, as long as those options and opinions of the non-blog user, (such as myself), are not on the table. There are several types of people on steemit. There are those that are strictly investors, they do not blog, they may on occasion make a Post. There are the people that are using the blockchain as a means to develop programs and software, they are not bloggers, they may on occasion make a post about what they are doing and developing. There are the business owners, those that run bots for profit, steem style banks for profit, and games for profit. They do advertise to their customers via Post. Then there are the people like me, the social poster, the reader of your Blog content. The people YOU just said to Take your blog and go home then. I am not a blogger as I have, I thought, made it clear in my comments. I am the type of person that YOU as a blogger are trying to get to follow you and give you money, and you want me to "GO HOME"

All options need to be on the table and tried.

So all options as long as they do not involve the targeted audience. I hope you understand now that I am not a Blogger, that I am a user. The price of steem has one effect for me right now, it governs how much content I can give a valuable vote to. One day I may learn and jump through all the hoops and loops to convert steem into fiat money so that I can go buy things from the local store down the street. Until that happens I will continue to be a poster, reader and voter of content that I find to be of value to me, and hopefully the value will return to steem so that my vote can give be of value to people.

There are very few people that are concerned about the value of their vote toward other people. I am. So the price of steem does effect me.

$0.00

dana-edwards (74) · 6 years ago

If you read back a few comments in this trail you will see that I am NOT your kind of blogger. I did not come to steemit to monetize myself. If you did look back you will see that I am a user of steemit.

After one and almost a half years I have still not bothered to look into how to buy, sell trade steem and make it into "REAL" money. It was only through playing steemmonsters that I was able to buy some steem. But the truth is I was not buying steem, I was buying digital cards to play a game.

You are a part of the ecosystem but Steem Monsters is very new and also very niche. It's contributing to the growth of Steem so I support it but I do not know enough to know how it works.

So ads are going to do away with the vote bots, as a user I do not see that happening.

As a blogger the demand for upvote bots is due to the fact that we cannot promote our content in any more legitimate means. So if we want our content on the trending page then we have to pay the bots. It's a broken system because the bots are essentially a cartel. I would rather just pay the Steem blockchain itself.

All options, as long as those options and opinions of the non-blog user, (such as myself), are not on the table.

All options should be on the table and all opinions of participants in the ecosystem should be considered. I'm in favor of ads but I am also in favor of it being opt in. I'm in favor of ads specifically here for Steemit because Steemit is based around blogging while Steem Monsters is something else.

$0.00

bashadow (65) · 6 years ago

I guess we will have to see what will happen. Perhaps one of the other front ends will monetize and run ads in their system, such as busy.org. They can auto add "Posted by Busy.org" to the tail of all the post from their site (as many other front ends do also), so it should not be hard for them to add advertisement banners to the top or bottom of a poster's post.

It does not all need to be on the top of steemit's front end. An ad placed in this manner would still be visible on all front ends. Look at the footers of some of the posters, some of them have a lot of "banner's" at the foot of their post advertising this or that service or page or program.

posted with partico
posted with esteem
posted with Busy
Posted with steeve

These are all micro ads.

$0.00

ammonite (67) · 6 years ago

I would be very sad to see adverts on Steem. The trending page is already one big advert. But I can just avoid that. I don't think I could deal with it disturbing my enjoyment of post. The lack of ads was one of the first things that intrigued me about seem.

Posted using Partiko Android

$0.00

bashadow (65) · 6 years ago

We will just have to wait and see what happens. One of the nice things in this flow of comments was reading that @ned is not in favor of ads.

$0.00

tamiil (65) · 6 years ago

Could you consider taking a small beneficiary cut out of steemit.com's posts like other dapps do? And maybe think about it more than ads? :)

ecoinstant (68) · 6 years ago

This is a very promising idea!

$0.00

marjanko (61) · 6 years ago

@ned Before you do that, I dare you to contact me!

I need 5 min. of your time to exsplane you my idea! I will put my STEEM, where my mouth is!
So, after you heard my idea......if you say, it was a was of time, I will give 100STEEM (all I have now) to user of your choice!

vimukthi (72) · 6 years ago

Here is a small suggestion from me. It won't make huge amount of money and I'm not a programmer. So I'm not sure about the difficulty of implementing something like this. But I'll just leave this here: https://steemit.com/utopian-io/@vimukthi/steemit-improvement-proposal-cosmetic-upvote-feature-to-replace-bid-bots-and-fund-blockchain-development

Additionally here is a poll I conducted on the subject: https://dpoll.xyz/detail/@vimukthi/steemit-inc-had-a-layoff-of-70-of-staff-due-to-lack-of-funds-how-should-they-raise-more-money

Hope these would help at least a little.
Best of Luck!

$0.00

overkillcoin (69) · 6 years ago

Yes! Ads (that can be easily shown or hidden) will be a game changer.

$0.00

sharpshot (65) · 6 years ago

I think selling ads is a great idea, if done properly. Select ones that are relevant to the community and let people opt out of seeing them. Most of us wouldn't opt out, if we know it helps keep steemit going.

$0.00

dana-edwards (74) · 6 years ago

I think ads are the best idea so far if it can be done in a way which burns Steem so the ecosystem benefits.

$0.00

cardboard (61) · 6 years ago

THIS. STEEM ecosystem needs capital that comes with advertisers and ecommerce in general. You can not relay only on people that believe in steem and are willing to invest their hard-earned money.

We have a great crypto-focused community here, let crypto business pay for promoting their content/ads here. But not in "promoted" tab where no one goes but on the trending page - like one "sponsored" post on the top. I wrote about it like 2 years ago but for some reason steem inc. just don't want money.

Check out https://www.livecoinwatch.com - after establishing a very good service they added small ads and now they're doing great.
!tipuvote 2

$0.18

meno (73) · 6 years ago

This ^^ - please

$0.00

bobinson (63) · 6 years ago

This is a good idea. Earn.com is an example of a similar service.

$0.00

mattockfs (60) · 6 years ago

Not on trending either. We need opt-in advertising on posts. Forget advertising to authenticated users, unauthenticated users and established top content providers are top untapped resources.

$0.00

phoenixwren (65) · 6 years ago (edited)

Or maybe not traditional ads per se, but blogs for companies? I mean, people would follow the funny PR person(s) who handle Wendy's Twitter - they do there!

Wait, wait - SMTs for companies, that you can earn gift cards to their company, maybe (I don't know if that's even feasible, it just struck me as cool).
Posted using Partiko Android

markkujantunen (74) · 6 years ago

That's a perfectly fine idea. But the attitudes of many Steemians have to change. We are all shareholders and it is insanity for shareholders to oppose revenue.

isarmoewe (64) · 6 years ago

Companies are coming here. Check out @landshutbrauhaus, they just registered yesterday.

mulletwang (59) · 6 years ago

I could see how company's could invest 10-100k into some steem power to create a social media presence on steemit,

Now scale that to and sell it.

jbgarrison72 (49) · 6 years ago

This seems like a reasonable option.

$0.00

tipu (67) · 6 years ago

This comment is supported by $1.19 @tipU upvote funded by @cardboard :)
@tipU voting service guide | For investors.

$0.00

inventor16 (64) · 6 years ago

So we can be just like google and Facebook and then they can demonetize us. No thanks.

$0.00

markkujantunen (74) · 6 years ago

Well, who should monetize us, then? You?

$0.00

joeyarnoldvn (61) · 6 years ago

Are we not the ads ourselves? Isn't that the point, decentralized, peer to peer, ads, and when I say ads, I mean content, and advertisers want to be seen and we want to be seen too and some advertisers can start a Steemit account and post ads on Steemit for example if they're not already.

On the top of Steemit.com, you see the tabs, Trending, New, Hot, and then you see Promoted which might be the option you were mentioning. Maybe advertisers can pay for their posts to be promoted. Therefore, that is the way ads are sold, if I'm not mistaken. Is that not good enough? Maybe Nike wants to sell shoes. So, they could start an account on Steemit. Post about shoes. Nike could buy a bunch of Steem and power up some of it into SP in order to get a better reputation and be able to upvote itself to get into trending to better sell ads. Is that not a win-win situation where more people can see their ads for example and more money goes into Steem from outside sources like Nike, etc? I mean, people already buy Steem. So, I don't want to make a distinction between corporations and individuals who invest & buy Steem. Regardless, people help Steem by buying & by sharing Steem articles. Cryptocurrencies may not be doing so well right now but they will be rising in the next few years, before 2025 at least, if not a lot sooner, and we can hang until then if we can.

$0.00

ammonite (67) · 6 years ago

I would be very sad to see adverts on Steem. The trending page is already one big advert. But I can just avoid that. I don't think I could deal with it disturbing my enjoyment of posts like it does on the rest of the net. The lack of ads was one of the first things that intrigued me about seem.

Posted using Partiko Android

$0.00

berniesanders (77) · 6 years ago (edited)

Sounds to me like you over-paid and they under-delivered. Tough lesson to learn, that's for sure.

Out of funds with really not much to show for it...

(upvoted because @fulltimegeek is a flat-earth believing beotch)

$3.96

solar (52) · 6 years ago

Steem isn't working because it has a worse governance structure than the US government. A representative plutocracy, with a shit distribution. Look how much energy is wasted with accounts like @berniesanders and all his "foes". The only way to beat the massive inflation in this system is to fight back with selfishness and self vote yourself above the inflation rate. Witness responsibilities are vague. Accounts are impossible to get for the average person (I have a friend who has been on a waiting list for months). Who is going to use a blogging platform that is Pay to Play that has almost zero viewers? It's not a coincidence that the view count was removed from steemit.com, nobody looks at content here.

The only way a system like this can work is through co-operation but there is no mechanism in which to cooperate. It just becomes every person for them selves, who can find the best delegation bot, or suck the proper orifice for upvotes.

#1 problem with steem is distribution which puts the responsibilty of the platform on the 'whales'. This platform has stumbled with no focused attempt to get actual users on the platform. With curation being broken There needs to be more delegation to hire professional curators for the network... the front page has been embarrassing for the entire two years I've been on the platform, and genuinely interesting bloggers have been overlooked again and again. Users need either viewership or compensation and steem has provided neither except for those who have bought in.

Please @ned act like an open source project and opensource your SMT code, maybe the community can actually get it done.

$0.74

13 votes

idikuci (61) · 6 years ago

We create accounts for anyone with delegation. Check out @comedyopenmic and hit up the strawberry of death in the discord for an account foe your friend.

solar (52) · 6 years ago

Thanks for the tip, and I'll do that, but it shouldn't be that hard. The fastest growing sites are usable with a click of a button. The simpler the sign up the better. Wallets need to be handled and spam precautions are important.. but maybe wallets should be instant with a nagging to learn about it.

Posted using Partiko Android

$0.00

idikuci (61) · 6 years ago

it's a artifact of the old way of creating accounts. now accounts are minimally usable upon creation with like 3 comments / week. Unless the user invests and buys their own steem. I agree though, the account / wallet creation should be free.

lyndsaybowes (71) · 6 years ago

What other sites give away free money?

$0.00

solar (52) · 6 years ago

Some of us have invested money in steem and only lost it. I've worked hard curating on the platform trying to make it a more hospitable place for artists because I want them to get some of this "free money" but in the end most are ignored, get no views or upvotes, and I've wasted my time and money.

Posted using Partiko Android

$0.00

lyndsaybowes (71) · 6 years ago

And I'm supposed to feel bad because they weren't determined enough to stick this place out for the long haul? lol. Go back to facebook, twitter etc. And have fun there paying to "boost" your own post. That's what facebook does, they make you pay them, so they will show your post to more of your audience. The people that already "like" your page anyways. Facebook doesn't let them all see your stuff. It will go into the feeds of only like 1% of your audience, unless you want to cough up some dough.

$0.32

14 votes

solar (52) · 6 years ago

Thats what people do here too... They pay to boost their own posts but instead of actually getting hundreds or thousands of views from it on Facebook, they get 29 views here on steem, and are spammed by a bunch of bots in the comments.

I've been on here for two years, I've been sticking it out, this place has major problems, but I want it to succeed. Im just pissed at others profiting off of the work I put in, which is mostly how the economy here works.

Posted using Partiko Android

$0.00

Show 4 more replies

berniesanders (77) · 6 years ago

$0.00

noisy (67) · 6 years ago (edited)

#1 problem with steem is distribution which puts the responsibilty of the platform on the 'whales'.

Please check this out: Why our way of distributing Steem by voting sucks, why it does not scale and how we can improve this situation

My team is working an a solution: Wise - 2nd layer voting protocol for Steem, which helps curate better content. https://wise.vote/. It is already working, but we should have a official release very soon.

There needs to be more delegation to hire professional curators for the network

Steem community already have all professional curators we need. The problem is... that those curators are not properly empowered.

Wise was beta-tested among polish community and few early adopters. To give you some example of possibilities of Wise, currently I am delegating single votes (not SteemPower, but single votes!) to 30+ people, which I considered experts in certain area of expertise.

How this scale? Everyone can delegate single votes to chosen users which focus on own areas of interest. Wise protocol is non-profit and open-source.

industriousliv (47) · 6 years ago

I find this plan very interesting. I will have to think about it more deeply. I did go to read the original post and gave it a quick read.

$0.18

oceanwhale (56) · 6 years ago

You got a 2.50% upvote from @oceanwhale courtesy of @industriousliv! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!

$0.00

solar (52) · 6 years ago

Looks interesting. Do you have any plans for connecting delegators and voters? For example I have been working hard to support artists on the platform, I have voted very unselfishly for a long time because that is how I think the platform would work best, but my stake is so small, and I have no one to ask to help me with vote power in this task. Where do I go to find a whale interested in the types of votes that I make?

Posted using Partiko Android

$0.00

noisy (67) · 6 years ago (edited)

Do you have any plans for connecting delegators and voters?

On our Wise Hub experts/curators will be able to generate links, which will allow delegators (aka. Wise Patrons) to delegate a certain amount of votes per week under specified conditions.

So for example you will be able to add to your post a "magic link" with a description:

Please delegate to me 5 of your votes per week, which Wise protocol will allow me to use only to post with tag #art

It's very tempting for us to implement list of top wise curators with categories... but personally I do not want to create such a ranking, because a lot of people would later just chose top curators... and that could spoil those curators and decrease decentralization of Wise.

Take a look on this (our brochure from SteemFest):

solar (52) · 6 years ago

so the link generator isn't available yet correct? This is exciting, i'm looking forward to trying this out. Any interest in delegating me some ammount for a week in #art to try it out? Or know any one using the platform interested in supporting artists?

$0.00

noisy (67) · 6 years ago (edited)

so the link generator isn't available yet correct?
No. Link generator will should be available in 2-3 weeks.

This is exciting, i'm looking forward to trying this out. Any interest in delegating me some ammount for a week in #art to try it out?

I just did that few minutes ago :) Please check this comment.

Or know any one using the platform interested in supporting artists?

Wise is young project... but currently users like you have an incentive to ask other users for single-votes-delegation. I believe you can ask all your friends which know that you are an expert in art, to delegate you just a few votes per week. They can restrict this... so you will not be able to use their vote for example if they will not have a lot of voting power.

I believe it should be easier to convince someone to delegate 1 vote per week, and to remain in control... rather than delegating SteemPower and lose a control over it.

This is exciting

I am glad that you like it :)

solar (52) · 6 years ago

Cool I'll take a look

Posted using Partiko Android

$0.00

marjanko (61) · 6 years ago (edited)

Professional curators? Are you kiding me? So you will say they you have pros and they are doing a shit job.... wtf...
lets give them more money, maybe then they will make better job....reduces... waw...
Time for a change. Steem on✌️
@solar I made this post also today. So you see the same problem to ... and I thnik we are not the only one

$0.00

solar (52) · 6 years ago

I just mean that if some people set some goals to create a healthy ecosytem of users like: "we want to have 1000 artists that post at least once a week", then a hired curator with delegated steem could focus on a certain type of voting, and reblogging. This happens a bit, people have built communities around certain ideas, but ultimately the most interesting content gets drowned out by the most persistent content, or those who are self voting.

There are some good programs out there like @curie @utopian-io but not nearly enough actual community building has been supported on the platform.

Posted using Partiko Android

marjanko (61) · 6 years ago (edited)

@solar I will add only this....

As I told in my previous post... Im working with on of the top movie makers in the world!!!

Nobody give a ..... not even @dtube

I have the

world leading expert in weather photography and storm chasing,

interestet in STEEM (oh yes, we have a accound) YES, you all have seen his work !!!...
but still nobody give a ....
@ned, maybe you will see a little value and maybe even help

$0.00

solar (52) · 6 years ago

I mean your posts are making more than most people's. Its not a lot but honestly payment should be secondary to views on the platform in my opinion.

None of this is simple, but where we can agree is what we have isn't working.

Posted using Partiko Android

$0.00

So, I created a 2 votes per week delegation to you:

marjanko (61) · 6 years ago (edited)

I worked my ass of to get where Im today.... As most people here, I have a job... the rest in in photo and videografy ...stock video! What you see on my profile in 2 years of hard work!. DAY AND NIGHT.... its about money, but it not all money.,.... it more about other Soc.Pla. ..taking edvantage of creators....

AND STEEM COULD CHANGE THAT!

When I heard about STEEMIT ...I was like...
BRO WAY DIDNT YOU TELL ME SOONER!!!!
Now, I m getting an idea.
How I did get good upvote is that there is still some smart curator ....( BIG) IF he will find you... in this mess of falls tags, upvotes...and bad useless posts....
.... hm... A little marketing strategy...

P.s.: Im from EU. I did work yesterday, I work all night on videos and photos for stock and now also for steem... an in 2h Im going back to work.... so you get the idea.
BUT I LOVE WHAT I DO.... SO ITS NOT HARD FOR ME... ok job sucks .... but I do it, so I can follow my dream!

The main thing... That, WE ALL are aware of the problem!!!!
STEP BY STEP

noisy (67) · 6 years ago (edited)

I noticed that you created a ruleset for yourself:

Selection_999(590).png

Yeah, protocol allows that, but this doesn't make to much sense in this configuration.

Best use case is... when someone with much stronger votes allow you to vote on his vote.

Selection_999(594).png

Selection_999(592).png

So now you can vote on my behalf via https://wise.vote/voting-page/

Selection_999(593).png

Use it wisely :)

solar (52) · 6 years ago

Thanks @noisy yeah I didn't know what I was doing. Thanks so much, ill try it out this week!

Posted using Partiko Android

$0.00

noisy (67) · 6 years ago

So you will say they you have pros and they are doing a shit job

The key is allow each curator to focus only on things which he or she really likes.

For example, I read tag #steemdev anyway... and I enjoy that so this is not a hard job for me to curate this content.

For example, in polish community there is a girl which only focus on cooking. Cooking is her hobby and she reads this content anyway. They key thing here is that for example I delegated to her few of my votes per week, but she can only use that on posts about cooking.

She is not doing this for free either. Because she can use my much stronger vote, she can vote first and then use my vote... and maximize own curation rewards even 10-20 times.

Important thing is.. that she do note have to use my vote. If she will not do that it won't be wasted, because it will be used by other curators on other tags. If she will abuse my vote, I can cancel it or reduce or remove whole delegation.

This a decentralized voting done in a Wise way.

marjanko (61) · 6 years ago

I CAN T BELIVE THIS....

........The key is allow each curator to focus only on things which he or she really likes...... SO

So curators are PROS, but tehy upvote what they like ?

Its like you saying, we have educated, qualefide people in space.

And then you say we have a gardner, music teacher , dancer....

BUT

...they are making a good job!

..... stopp the madness! The mindset, that you have... it old and it's not working anymore...

$0.00

wholeself-in (57) · 6 years ago

That is a good read, I had not considered how it could get challenging voting organically once your vote is worth more.

$0.00

luzcypher (74) · 6 years ago

That's so cool you're doing that. We met and talked at Steefest3. I curate Steemit Open Mic, the longest running contest on Steemit and am interested in getting a single upvote delegation from you to give to someone who enters the contest. Please consider delegating and thanks for the work you're doing. Really cool stuff.

$0.00

noisy (67) · 6 years ago

I would be verry happy to delegate my votes/voting power to people like you. The problem is... that I already delegate to 30 people. And because of current price of Steem this vote currently is not worth as much as it used to.

So you shouldn't asked me, but people which do not use own voting power... or vote for less-than-ideal content.

Also.. I belive that delegating someone voting power or single votes... so this person could vote themself... is far from being optimal. It still much better than autoupvoter (because you could decide when you would like to use stronger votes), but optimal way is to curate content you like and which you are really an expert about it.

So for example, what is your area of expertise. In which fields you could very easilly spot trully remarkable posts? And in which field you could very easilly distinguish great posts from average or bad posts?

$0.00

luzcypher (74) · 6 years ago

Interesting you mention self-upvoting. Until the last couple months I only upvoted others, not myself. Recently I have though. However, if I had a delegation I would not use it on myself ever.

I had a delegation for quite some time and when it started I stopped upvoting myself entirely because I was earning enough from curation that it made more sense to save the voting power for others. Running Open Mic takes a lot of votes, so much so that my voting power was always low until @ausbitbank created an account for others to delegate to that only upvote my manually curated upvotes for the openmic tag.

It was so cool he did that without even telling me until it was done. That way I could reduce my voting slider and keep upvoting hundreds of people a week and the other account he created boosted my vote.

It's people like that doing cool things like that that make you realize you're on the right path.

$0.00

g0t4y (35) · 6 years ago

I will stay with Steem for now.

$0.00

duarte9sousa (53) · 6 years ago

This things take time...

$0.00

joeyarnoldvn (61) · 6 years ago

But did Steemit fall like Gab, Minds, Bitchute, Brighteon (Real Video), Infowars, you know, because those websites were attacked, and they continue to be attacked, & even Facebook was attacked, and some of those social networks fell, crashed, at least for a while, but that didn't happen to Steemit, at least not yet, right, which is better than being vulnerable when you are not decentralized, and Gab fell because it was not decentralized, right?

$0.00

solar (52) · 6 years ago

Did you see how bitshares just froze? And people lost shittons of money?

Steem freezes often. I've seen it happen a bunch of times over the last year. Steem is also affected by the markets way too much. A working publishing platform should be able to operate no matter the state of the market, otherwise it's not working right.

Posted using Partiko Android

$0.00

joeyarnoldvn (61) · 6 years ago

Agreed. Can we seed & mine Steem at all like Bitcoin & BitTorrent? That's what I want for Christmas.

$0.00

solar (52) · 6 years ago

Not really. Steem uses DPoS, so you would have to compete to become a witness which is near impossible without sucking some major D.

Mining here is more about creating consistent blog posts and finding community which will support you.

Posted using Partiko Android

$0.00

joeyarnoldvn (61) · 6 years ago (edited)

When I say mine, I'm trying to reference the computer servers, nodes, that run the Steem blockchain. I want to say "MINING." Or, I also like the other term used on BitTorrent, "SEEDING." But I'm trying to describe either what serving, witnessing, is, or what it should include for Steem. I just want to get more people involved in witnessing. I want more computer servers, nodes, & more compensation for all of that, for Steem, like we might already see with Bitcoin. Why can't Steem borrow from BitTorrent & Bitcoin?

$0.00

solar (52) · 6 years ago

Well it would need a redesign from the ground up which would break the blockchain. Its very hard to change blockchains once they have started. I'd suggest googling steem dpos witness to understand how it works. Its competitive and only ever a small finite number of them

Posted using Partiko Android

$0.00

solar (52) · 6 years ago

Posted using Partiko Android

$0.00

solar (52) · 6 years ago

Posted using Partiko Android

$0.00

Show 2 more replies

luzcypher (74) · 6 years ago

We were attacked once and it slowed down the Steemit website for a couple days and made it really hard to post.

$0.00

joeyarnoldvn (61) · 6 years ago

How often is Bitcoin attacked? I wanted to emphasize on the difference between Steem getting hit and Gab. We saw Gab down for a whole week because of what happened for example. Decentralized networks can handle attacks better.

$0.00

nedshair (46) · 6 years ago

Oh shit, I totally overslept today. Did I get laid off too? Where will I stay? Where will I get my special shampoo made out of panda tears with baby penguin feather applicators? We were just hiring like a week ago. What happened? When I file for unemployment will I get paid in imaginary money? I guess I could reach out to @valvenusent and see if he can put me in contact with The Rock and see if he is ok with taking me in.

If that falls through I guess I could try and get ahold of jerry scamfield and see what new ~~con~~ project he is working on.
jerrry hair.png

$0.30

11 votes

miryam (52) · 6 years ago

joeyarnoldvn (61) · 6 years ago

Gumby Jerry made my day.

$0.00

nedshair (46) · 6 years ago

lol, a Gumby Jerry. Do you have any collector bobblehead Jerrys?

$0.00

miryam (52) · 6 years ago

nedshair (46) · 6 years ago

You may have solved all our problems right there. @ned let's get a Mr. Meseeks. He will fix everything. Together our powers are limitless. With his ability to fix things and my dashing good looks, we can take steem to the moon.

$0.00

miryam (52) · 6 years ago

I don't think the head bobbles quite enough for "that".

kerrywolf (59) · 6 years ago

I adore you!

nedshair (46) · 6 years ago

And I adore you @kerrywolf. I see you are new to the platform. I just want to extend a heartfelt welcome. I hope you enjoy it here.

dj123 (60) · 6 years ago

Hahaha!

@nedshair enhances everything

$0.00

nedshair (46) · 6 years ago

My love for the people is strong like super hold hair gel. That's my secret.

$0.00

nedsbeard (31) · 6 years ago

I am getting tired of that little prick getting all the attention. I AM HAIR TOO!!! I demand equal rights. I am tired of the hair pay gap. Support beard sufferage on hard fork 21.

$0.00

dreamryder007 (67) · 6 years ago

Hahaha, to funny

$0.00

nedshair (46) · 6 years ago

Well thank you, sir, but in all reality, perfect hair is no laughing matter.

$0.00

libert (63) · 6 years ago

Where there is Bernie, there is drama!

Posted using Partiko Android

petertag (60) · 6 years ago

Jeez full-time has how many bots downvoting you? Witnesses shouldn't be pursuing vendettas like this, reflects badly on them and the platform.

Posted using Partiko Android

$0.00

alao (64) · 6 years ago

😂😂😂 You never cease to amaze me

Posted using Partiko Android

$0.00

wadepaterson (68) · 6 years ago

Ned,

Thanks for the message and transparency. I'm sure this wasn't an easy decision.

I don't want to be overly negative, and I understand there are probably a lot of elements at play, but it's concerning that less than a week ago, this was your message on Facebook:

I'm not sure how a Nov. 21 post with Steem value at $0.41 USD communicates a Steemit Inc. team that is "growing fast," and then, less than a week later (with a $0.32 USD Steem value) more than 70% of the team is laid off.

$3.07

therealwolf (75) · 6 years ago

Probably automatic ads and the hope that the bear market would reverse faster or bottom higher.

wadepaterson (68) · 6 years ago

It was posted organically on Ned's page; it wasn't an automatic ad. And as for the hope... I think we're all hoping for the best, but surely Ned had a grasp on the reality of the situation. Seeing the steady decline of the crypto market, it's strange to say "growing fast" when a 25% downturn in the market results in laying off 70%+ of your team.

$0.18

therealwolf (75) · 6 years ago

It was posted organically on Ned's page; it wasn't an automatic ad.

You're right. Good eye!

Seeing the steady decline of the crypto market, it's strange to say "growing fast" when a 25% downturn in the market results in laying off 70%+ of your team.

The current lay off was probably done in preparation of an maybe even deeper drop. Making the team as lean as possible. But I'm not sure about that of course.

ned (69) · 6 years ago

These actions were automated and not posted by bots. This was an error and has been removed.

inventor16 (64) · 6 years ago

"hoping" is never a good business strategy

$0.00

therealwolf (75) · 6 years ago (edited)

Obviously, but life is sometimes like poker, where you have to run a fine-line and play on risk. But I don't think right now is the time to analyze everything into detail, instead, we should focus on giving as much as we can (and want) to bring Steem forward.

ned (69) · 6 years ago

That was an error, the post has been removed.

$0.00

wadepaterson (68) · 6 years ago

Thanks for the clarification. My response above to @therealwolf was posted after I read this.

kryptik (63) · 6 years ago

There’s an idea. Premium (ad-free with beneficiary) or Free (company driven ad algorithm).

$0.00

ats-david (74) · 6 years ago

So, let me see if I have this right...

Your company mined, what was it - about 120 to 130 million STEEM or more? And you had been selling millions of STEEM this year since prices had been well over $2.

What happened to all of those millions of dollars, Ned?

You have nothing to show for it except a half-assed interface and some protocol changes that haven’t exactly gone well. Seems to me that any “reorganization” should include the CEO stepping down.

But I actually think this post is your way of announcing a STINC exit after cashing out your millions and millions of dollars. Your small team of developers and a few servers doesn’t cost tens of millions of dollars per year. There’s no point in blaming a “bear market” for having a lack of funds, considering that all of your transactions and STEEM prices are readily available for all to see.

The money is there. It’s the leadership and money management that has failed. The funny thing is - several people have been saying for a while now that this would happen...that nothing useful would ever be delivered and that you’d make your exit after cashing out a large portion of STINC funds.

Makes us wonder what the point of that ninja-mine was, since it was never really spent on development, onboarding, and marketing. Many other people have done so much more around here with a tiny fraction of both the funds and the dev resources.

You and your company should be embarassed and ashamed.

$2.88

battleaxe (69) · 6 years ago

Happy Holidays people laid off but could delegate millions to sailor moon looking girls who had handlers writing for them...slow clap
Have fun with Zuckerberg , hear him and Sandberg really are chill AF

battleaxe (69) · 6 years ago

self-aggrandizement,,, Happy Holidays

$0.00

doomsdaychassis (63) · 6 years ago

battleaxe (69) · 6 years ago

hehehehhee

$0.00

smooth (70) · 6 years ago

There’s no point in blaming a “bear market” for having a lack of funds, considering that all of your transactions and STEEM prices are readily available for all to see.

Would I suspect be an interesting calculation to make.

liberosist (70) · 6 years ago

I have no reason to believe they are sitting on a pile of cash. The truth is even worse - they did actually spend all those dozens of millions of dollars, just with nothing to show for it.

personz (66) · 6 years ago

Seems like closer to it

$0.00

revisesociology (73) · 6 years ago (edited)

I wish I could resteem comments... I'd be interested in being able to do the math!

Posted using Partiko Android

tuck-fheman (74) · 6 years ago

He had to build The Bridge to announce he was laying off 70% of staff bro. The Bridge cost money, ask Captain Kirk.

namiks (64) · 6 years ago

I have nothing against Ned but this is very spot on. How such funds have managed to essentially disappear is anyone's guess right now, but it doesn't look good. Looking like poor management and use of time and money. Steemit should have A LOT more to show for it to be at such a scary point.

It's like watching a fancy rocket prepare for launch but only make it a few feet into the air.

$0.00

ned (69) · 6 years ago (edited)

I'm sorry you feel this way.

Your small team of developers and a few servers doesn’t cost tens of millions of dollars per year.

Our team does in fact cost many millions of dollars per year, even after these layoffs.

Infrastructure costs line towards $2MM USD per year. This is the most expensive website per visitor to run through the top 1000 Websites, if not much lower, by infrastructure costs.

gray00 (57) · 6 years ago (edited)

People would pay monthy to access RPC nodes. They just don't know they will yet.

$0.00

bashadow (65) · 6 years ago

Just like people pay monthly for the Digital form of the New York times, or washington post, or LA Times? How many on line monthly subscriptions do you Pay For?

$0.00

gray00 (57) · 6 years ago (edited)

If you want to put it like that. I invest money each month in steem via hosting IPFS nodes. If we had more seeds, and software that enabled lower ram machines to do seeding (as far as the full steem nodes) then centralization wouldn't exist regarding RPC/API and steemit.com

$0.00

bashadow (65) · 6 years ago

I pay for internet access. I have tried monthly subscriptions before in the past, I will never pay another monthly subscription. (It was not a good experience). I do not see people paying for internet access, then paying other companies to look at their site. It has not worked well for newspapers, and on-line magazines, I doubt it would work for Steemit. Where are the monthly fees companies like AOL, Compuserve, and Genie now? Just saying I do not think people would pay a monthly fee.

$0.00

gray00 (57) · 6 years ago

If you pay for internet access, you can seed content. Run full Steem nodes and IPFS nodes. 1 Trillion USD has left the big "free/monthly" companies. Because they are unsustainable. The question becomes, why should i host your data? And the response should be from both sides, community.

$0.38

sircork (64) · 6 years ago

I had a business plan and discussed it with many people to run nodes-as-a-subscription-service, but I also called all this platform mismanagement bullshit as far back as a year ago or more, and in the end, decided to run my business ideas elsewhere and in different forms, in more accomodating environments.

$0.00

alexs1320 (71) · 6 years ago

Ok... Why after several years of service this project is not connected with the "real economy".

You have thousands of users? Ok... Run Ads, what's wrong with that?

More important, you are printing the money, why you don't clearly tell/ foster good content creators? If we write something that will be the first page on Google Search (and yes, there are many examples from my community) it's the free advertisement for Steemit.

Order good authors, real pros - and give them something. If you left the whole thing on "free will" it will go nowhere.

$0.00

ayogom (78) · 6 years ago

Ha ha ha ha, I agree with your opinion. It's very pleasant.

$0.00

https://steemit.com/blog/@lucylin/these-rc-s-are-doing-my-head-in-comedyopenmic-39

lucylin (67) · 6 years ago

I wonder if @ned get's the satire of this....

$0.00

sircork (64) · 6 years ago

Welp, we tried to tell 'em, David.

But they didn't listen.

$0.00

inertia (73) · 6 years ago

Ned, it has been a pleasure working for Steemit, Inc. I wish your remaining team nothing but success. Steem On!!

$2.74

lovenfreedom (64) · 6 years ago

Hi! Thanks for your great work.

This for me is a great opportunity I'd like to take advantage of.

@Coingecko is a powerful investor and community member. Since you're a Ruby dev, would you consider helping them out with their cryptoexchange project?

$0.57

inertia (73) · 6 years ago

Oh wow, that's pretty cool!

lovenfreedom (64) · 6 years ago

It is! With CMC changing their API, CoinGecko is stepping up. With this project, I can only see great things happening.

Actually using Coingecko now. Stopped using CMC. The Kyber integration is a great new feature.

acidyo (80) · 6 years ago

Thanks for your hard work, inertia!

ned (69) · 6 years ago

Thank you, inertia! :)

idikuci (61) · 6 years ago

$0.00

surfyogi (65) · 6 years ago

Great community for social crypto and new invention. Thanks @inertia !

$0.00

therealwolf (75) · 6 years ago

Oh man, I'm sorry inertia. Are you continuing to work on Tinman?

$0.00

inertia (73) · 6 years ago

Absolutely.

therealwolf (75) · 6 years ago

Amazing! You could even have it rewarded via utopian.

kryptik (63) · 6 years ago

Thanks for everything inertia.

$0.00

wonderwop (66) · 6 years ago

Class act. 👍

$0.00

meno (73) · 6 years ago

Truth be told the fact that you came out in front and put this out here like this speaks volumes. I'm sure that you and the team know how much negativity being transparent usually brings, but despite the possible outcome, the comments that I'm sure will show up on this thread very soon, you decided to put your face on a video and deliver the message yourself.

To me that shows a brave step and leadership, so as much as it feels like you are delivering us bad news you are also feeding the community a dose of realism, which of course is precisely what we need.

I realize that adding more things to the table sounds like an impossibility at the moment, and I'm also aware that some steemians cringe at the idea of selling ads or anything that remotely smells like the legacy system they abandoned. But difficult times require difficult choices being made, and to be honest if coinmarketcap can survive with some ads, I don't see steemit.com sporting a label of treason for adopting a similar strategy.

At any rate, I'm grateful for the video and the post...

@meno

$1.54

ned (69) · 6 years ago

That was the goal of this communication. Transparency is key at this time, more important than ever.

$0.23

mountainjewel (68) · 6 years ago (edited)

thank you. i'm with @meno and i honor and respect your communication & transparency!

i am also hoping that other front ends like @steempeak, @busy, @partiko, and other dApps that are coming out with incredible developments daily come to the fore as steemit.com falls away (and also looking forward to your new dApp too @ned, but we as of yet don't know too much about it.) It's an incredible time for essential die-back and to see what rises in its place.

cryplectibles (69) · 6 years ago

I know there has to be many of nerds like myself playing @steemmonsters at least a five games a day to do their daily quest, I see that game having the ability to drive it's own little community off the Steem blockchain.

$0.00

mountainjewel (68) · 6 years ago

that's a great point. and i'm a nerd there right along with you! i love that game!

$0.00

bobinson (63) · 6 years ago

To add to the community aspect, we need lot more than "text". Games & other types of "consumable content" will drive usage.

$0.00

wholeself-in (57) · 6 years ago

I like to "start with why" too - but transparency is not a goal to be completed. It is a value you can embody, through practice.
A single communication on this or any topic is hardly transparency; transparency would revisit this idea next week, and the week after, and regularly with updates of some substance.

lucylin (67) · 6 years ago

The RC's problem, is a massive problem.

People don't join a blogging/social media platform to be penalized for blogging and interacting. One post and 2 comments, and you are essentially locked out until the next day!

It's just not a logical to set things up like this.
(if a growth in users, is the desired result)

$0.00

whatsup (75) · 6 years ago

Agreed

$0.00

xcountytravelers (65) · 6 years ago

Totally agree and couldnt put it into better words. Thanks @meno.

$0.00

vimukthi (72) · 6 years ago

The Best Comment I Saw Under This Post.

$0.00

lordnigel (65) · 6 years ago

Soooo many talented people use Steemit. I really hope you tap into this resource??: you know to help testing, idea generation, code building, advertising, ..shit pouring you a coffee! everybody has their special skill and can help.

If you want I can work for free remotely to help build your strategy (sound board, idea generation, models) or just work with your leadership team. Have you thought about creating work packages and partnering with like minnow booster 'áuction off work' for an upvote from your wallet for instance. Stop worrying that someone might think this is favouring/or improper use of resource. Stop trying to run it like a conventional business and converting Steem to $ to pay people - litterally just pay people in SP. Let people have regular day jobs and do this at night, like an open source, distributed company - I'm ready to sign up!

I think letting go 70% is an opportunity - time to use that super smart brain of yours and think outta the box (I kinnda think you are hence this post, but man you need to not just sell the vision but the Strategy as well). Re-distribute your Steem to people who care and are willing to work for it! rather then early adopters or bitcoin lotto dudes.

You only need to ask for help and the community will respond. STeem will rise like a Phoenix and take a fiery dump on all those who cash the personal $ vs. the dream.

$1.44

mrosenquist (69) · 6 years ago

A difficult message. This is the pivot point. From here either Steemit is reborn or it withers and dies. Steemit has tremendous potential, but largely untapped. Act wisely.

Thanks to all the devs who put their time and effort into making this concept a reality. Hopefully it will not have been in vain. Like you, many of us have stuck around and continued to contribute. We are all in it together.

$1.15

surfyogi (65) · 6 years ago

AGREED
And keeping in mind the steem network of people is more powerful and valuable than STEEM itself at this point, as a blockchain? (so I went to steemfest)

$0.00

partiko (66) · 6 years ago

Thank you for the update!

Every coin has two sides, it's sad to hear that you had to lay off so many people, but we think focusing on lowering the cost of running nodes is a very good thing! The bear market forced us into this, but this will be extremely beneficial for scalability and future mass adoption!

Hope we can hear continuous update on the development, and Partiko will do everything we could to support!

Posted using Partiko Android

$1.09

10 votes

ura-soul (75) · 6 years ago (edited)

That's really unfortunate - I am still predicting that the market will recover sufficiently in the relatively near future (once bigger investors figure out which one of the schizophrenic bitcoin fragments to support) - but I appreciate that paying staff based on hopeful predictions is not practical.

Ultimately, a decentralised platform needs to be truly that - with much more input from an active and skilled community. My urgent suggestion is to look into adjusting rewards pool payouts to allow for funds to somehow be directed towards Steem and Steemit development specifically. Perhaps utopian can do this alone. I don't know how practical it is to get more community involvement into coding the systems, but it is surely an ideal solution to some of the challenges.

Ultimately a community cohesion is needed and I feel it is partially missing due to the previous low level of communication and interaction between the development team at Steemit inc. and the talented community that uses the system.

In any case, I will continue attempting to improve on the onboarding process via @steempassport and I would like to see more such projects from the community, so that we can truly say that Steem is a decentralised system.

UPDATE: Here's my video response to this situation, calling for more decentralisation as a solution here.

$1.08

surfyogi (65) · 6 years ago (edited)

PLEASE EVERYONE WATCH this video response by @ura-soul
https://steempeak.com/steem/@ura-soul/y9vzl3ay

Well done my brilliant brother!

jonyoudyer (64) · 6 years ago

wtf have you been doing these past two years? This platform is such a great idea, but its going to shit because your to busy playing guitar. There is no reason Steem should be laying off people, fuck cant you just upvote them once a week with the Steem account? Even the people over at Smoke.io are better organized then this.

$1.08

11 votes

surfyogi (65) · 6 years ago

funny, it's hard to argue with actually... ;-)

$0.76

onefatindian (54) · 6 years ago

Lmao this made me laugh. My family is laughing too. The kids are crying... I'm sad again.

Posted using Partiko Android

jonyoudyer (64) · 6 years ago

lol, not for the kids though. BUt seriously, I am not the smartest person when it comes to crypto and grammer too. But I do know something great when I see it, and Steem is great. If a 9yo kid can make an app, why cant a team of coders make one? People are leaving this site to go to Steem clones. IT's time to put up, or shut up!

onefatindian (54) · 6 years ago

But I do know something great when I see it, and Steem is great

Totally agreed. I hope this all survives.

Posted using Partiko Android

$0.00

sircork (64) · 6 years ago

They aren't nearly as uptight either.

$0.00

jonyoudyer (64) · 6 years ago

are you on Smoke.io?

$0.00

sircork (64) · 6 years ago

No but I am on whaleshares. As for smoke, I dunno, I've smoked weed for over 35 years. I don't feel compelled to have a whole website that basically is talking about what I consider a regular day. Makes about as much sense to an old dude like me as having a website called cigarettes.com where we all post pics of our marloboros or something. But I don't knock it. Niche sites are a thing. Just in this case, not one I think I'd personally find interesting or bother with.

kryptik (63) · 6 years ago

I lol’d at cigarettes.com +1

jonyoudyer (64) · 6 years ago

Steemarette.io

$0.00

jonyoudyer (64) · 6 years ago

They actually got cool things planned. If the cannabis industry embraces it, it will really be something interesting. Im having fun over there, but damn with my ever changing grow, i got posts for days. But Steemit is my main one, and will continue to be so, especially with @canna-curate. It would be a dick move to say fuck steem when so many people have invested. I suppose im just venting about @ned horrible management of Steem INC. But one thing I know, it's going to be people like us that makes Steem succeed.

sircork (64) · 6 years ago

I've grown plenty of weed. Never felt much need to talk about it I guess. You got the rest right though.

But there are mostly fanbois and bootlickers on the page here I see, none asking genuine business questions, like why so many frivolous delegations were possible, over the past couple years, as opposed to paying the bills, bills which seem vastly over cost for the results provided, or why we suddenly hear Ned swapping his use of "I built teh tings" to "we're all in this together".

jonyoudyer (64) · 6 years ago

Wouldn't it be great if @ned came to a Steemian discord to have a town hall meeting?

If your up to it @ned let's do it, and plan a week in advance for it.

$0.00

sircork (64) · 6 years ago

Inhale and hold your breath, but don't hold your breath for that.

$0.00

matthewdavid (54) · 6 years ago

Great to have you on Whaleshares!

bitminter (60) · 6 years ago

Smoke on bro see ya on the other side!

$0.00

jonyoudyer (64) · 6 years ago

I wont give up on Steem, but damn Steem should be the Bitcoin out of all the block chain social media sites.

$0.38

bitminter (60) · 6 years ago

I totally agree with you mate, the market looks like it mightbe recovering and hopefully only good things to come for steem in the future.

$0.00

joeyarnoldvn (61) · 6 years ago

I registered for Smoke. Oh, is that on Steemit? I registered with the same username or maybe with an email address. Maybe I did that wrong. Maybe I should just log in.

$0.00

jonyoudyer (64) · 6 years ago

Ok. Look me up, same name as Steem

$0.00

therealwolf (75) · 6 years ago (edited)

That's a hard post to make, ned. I guess it's now time that the community, witnesses and stakeholders step up and take responsibility for this decentralised platform.

If this ship sinks, we're all going down. But we're not going to let that happen, right?

I can only speak for myself, but I'll stay here as long as this ship is above water.

$1.01

18 votes

ned (69) · 6 years ago

We're all in this together, that's our mentality too.

$0.64

sircork (64) · 6 years ago

So now it's "we"... figures.

battleaxe (69) · 6 years ago

ahhh this OG Demographic uses too many words, is gonna be truncated to Instagram, isn't that already a thing though with FB and Instagram, Cork quick.....go throw on a scarf and do a Dr. Evil pose and look Coy!

sircork (64) · 6 years ago

$0.00

organduo (72) · 6 years ago

Just upvote your developers once a week... This would help them a lot...

Posted using Partiko Android

$0.00

berniesanders (77) · 6 years ago (edited)

Too bad your witnesses don't feel the same way. 2 years later and most of them aren't doing shit.

(upvoted because @fulltimegeek is a flat-earth believing beotch)

$0.00

repollo (66) · 6 years ago (edited)

@berniesanders They are making money :P... (?)

$0.00

bearbear613 (67) · 6 years ago

omg the fact that you inserted this is hilarious and concerning. Bearish for bearbear

$0.00

kabir88 (60) · 6 years ago

The steem blockchain is lucky to have someone as dedicated as you @therealwolf as part of our community. Your words were reassuring in these times of the bear!

libert (63) · 6 years ago

I hope it will stay afloat for hundreds of years to come.

Posted using Partiko Android

$0.00

alao (64) · 6 years ago

This is unfortunate but given all of what has happened with steemit in the past year it's not unexpected. I feel that if SMT had came out sooner things might have been better.

Posted using Partiko Android

$0.96

jongolson (74) · 6 years ago

that begs the question....how does this effect the target date for SMT’s in 2019?

Posted using Partiko iOS

ned (69) · 6 years ago

Focusing on cost reductions will affect the target date. We don't know how at this point.

liondani (69) · 6 years ago

I think you are stressed too much... It's certainly not the end of the world, at least for crypto... Wake up Ned! Now the smart money is accumulating not selling... But reducing cost is not bad...

$0.00

mountainjewel (68) · 6 years ago

I truly hope more is cut away and SMTs are made the focus. This is our hope and bread and butter.

$0.00

alao (64) · 6 years ago

Totally understandable. At the end of the day you are running a business.

Posted using Partiko Android

$0.00

isarmoewe (64) · 6 years ago (edited)

Good question. :/
I have low expectations on that SMT thing actually.

$0.00

justyy (82) · 6 years ago

Trust me, the very last option is to lay off good engineers

$0.94

14 votes

drutter (69) · 6 years ago (edited)

Steemit is bankrupt, essentially. Nobody saw the crypto market pullback coming, or didn't prepare adequately. It doesn't strike confidence into my heart, to be honest, especially after the debacle that was HF20.

Cautiously optimistic, with heavy emphasis on the caution. All I can do is hope the correct people were fired, and the correct people kept, so that the magic that once started this great place might be recaptured. Good luck to us all.

$0.92

tensor (69) · 6 years ago (edited)

The largest problem with this chain has and will always be the fact that it costs a ton of money to run a full node. This is due to the large memory footprint that exists on the chain. Pruning your development team to such a degree is not going to fix this problem. And frankly while the market has dropped considerably and it makes sense to see layoffs as a result; this post basically ensures that steem will continue to fail.

For the life of me, I don't understand why you guys thought it was sustainable to maintain your company on the price of the chain. Crypto by nature is an extremely volatile vehicle and you have no elements in place to act as a stop gap. You guys threw all of your eggs in the SMT basket and that never bore fruit and now you've been killed by a problem that has existed since the chain was turned into a social media platform (the memory problem).

I also don't understand why you guys didn't try to market the fact that this chain has no fees more. Instead you made a restrictive social media platform which obfuscated the benefits of the chain.

Oh, well, its been a nice ride and I can take many of the lessons I learned from steem and improve on them. Tx speeds don't really matter if the cost of running a node is absurdly high and no one can run one. Proof of stake doesn't work when you've only got a handful of people owning 70-80% of your tokens. A decentralized platform is supposed to be decentralized and if no one can run a full node then the platform is not decentralized. Having a coin that prints out a dynamic market cap every year is going to drive the price down too much when a huge upset happens on the market. Etc etc etc.

$0.91

surfyogi (65) · 6 years ago

This is a great comment, and it really nails some important issues on this blockchain.
Thanks. SY-

$0.00

lyndsaybowes (71) · 6 years ago

May the best dapp(s) win.

One thing is for certain, those vested in the #Steem blockchain will win no matter what.

_{If steemit.com got ads, I'd just use steempeak.com.}

$0.85

schattenjaeger (71) · 6 years ago

What's the big deal about the dApps?

$0.00

Screen Shot 2018-11-27 at 8.59.06 PM.png
https://app.co/steem

lyndsaybowes (71) · 6 years ago

It's what we're using to play on the Steem blockchain right now, steemit.com is a dapp.

schattenjaeger (71) · 6 years ago

It's also the only app needed. Everything else is unnecessary.

$0.00

lyndsaybowes (71) · 6 years ago

Why do you believe that?

rishi556 (62) · 6 years ago

Steemit is the only app needed? 100% disagree with you on that. Yes, you can do the things that you can do on other apps on STEEMIT, but can you do it even a quarter as good? The dedication to one topic is what makes them great. Most people don't want to read the thousands of blogs out there on STEEM, but would rather just stay in a small subset of it. Apps help that happen. Like photography stuff? Use the number two app in the above picture, steepshot. You've got tons more like that.

$0.00

sircork (64) · 6 years ago (edited)

The only app needed? That doesn't make any sense at all. Currently, it's the worst way of all to interact with steem.

$0.00

schattenjaeger (71) · 6 years ago

It allows for rewarding content creators and curators. The only thing I care about. Everything else, to me, is pointless fluff.

But I've pretty much moved on from Steemit anyway, so whatever.

$0.00

battleaxe (69) · 6 years ago

lots of shots of Jägermeister tonight schattenjaeger :)

$0.00

sircork (64) · 6 years ago (edited)

steemit is not steem, not sure how you got a rep 70 without understanding what this platform is made of, or how it all works, (guessing via bots) but your comments indicate you don't know how steemit is not steem and what the other dapps even are. I have nothing further to discuss in this thread.

$0.00

schattenjaeger (71) · 6 years ago

Hah. My rep is from back in the day when content still mattered at least to some degree on this platform, and there was manual curation for the actual content - instead of people fapping at all the amateurish apps. :)

Those days are long gone now, obviously. And most likely will never return.

joeyarnoldvn (61) · 6 years ago

Is Smoke built on Steem? I'm asking because I registered with Smoke. Maybe I did it wrong. Maybe I should have logged in.

$0.00

netuoso (70) · 6 years ago

You realize you can block ads right? Guessing not. The point of ads is to extend the funding of the company that is the main dev provider of this blockchain. If SteemIt goes belly up you won't be using SteemSpeak because it likely won't run at all.

Not surprised you don't see the benefit of ads while also eating from the hand that is SteemIt

$0.00

lyndsaybowes (71) · 6 years ago (edited)

I'm terribly sorry you are so triggered by the fact that I don't want to be advertised to. Thanks I know about ad blockers, I'm looking for a better world, one without corporations shoving their shit in my face.

SteemSpeak? What is that? You mean Steempeak.com. So, if steemit.com fails somehow, you think that the other interfaces will as well. Ok. Interesting opinion.

eating from the hand that is steemit

LOL. You are the expert on that, aren't you...go play with your comment farm (s) @netuoso.

Edit: @neutoso flagged it, he really is triggered hahaaa what a #coont.

berniesanders (77) · 6 years ago

$0.00

starrouge (54) · 6 years ago (edited)

too bad to hear this, in this bear market all the people, all projects and all corporations including steemit.com are affected.
But I am still confident of steemit’s future. For me It is not only about cryptocurrency value, but also concerns fantastic Community, ecosystem, dApp and social network. Good news is low steem price has attracted more people to steemit world, and encouraged more people to buy and power up steem. That is the true value of steemit and it will stay stable in bear market.

Posted using Partiko iOS

$0.84

justtryme90 (71) · 6 years ago (edited)

You have 10's of millions of STEEM. Find large investors and sell stake in your company... like all other startup businesses.

You have to build your own runway, just as we do in my primary field. It's not going to build itself for you, and you can't count on the residual income from 'cryptomainia' because if you do, you find that your runway was short!

You can also offer investment opportunity in the company steemit inc, through more traditional stock based mechanisms in addition to your crypto currency. Either way, development costs money, and you can't get far with out some people with deep pockets that see the value in your vision.

$0.78

14 votes

therealwolf (75) · 6 years ago

My guess is there was a logic behind not selling the big stake of their Steem. Imagine how the community would have reacted if Steemit Inc. would have started selling millions of Steem more than what is needed to keep running and build a buffer.

$0.00

justtryme90 (71) · 6 years ago (edited)

Be transparent and release financial statements for all to see. Its not hard to build community confidence. Nobody freaks out when other startup companies do fund acquisitions. Anyone who thinks that crypto currencies are stable enough to use exclusively for building a project... is kidding themselves at this stage at least.

Cryptos are an amazing tool with a massive potential, but they are still (despite how long they have been around) in their infancy.

I get your point, but really, communication and transparency build confidence and allow a company the flexibility to do what they need, in order to grow.

$0.27

sames (65) · 6 years ago

Maybe they could of done some type of security token offering to raise money

Posted using Partiko Android

$0.00

vimukthi (72) · 6 years ago

Those things are going to set off the SEC hounds and regulators. It's a risky move. Several crypto companies have already been prosecuted.

$0.00

sames (65) · 6 years ago (edited)

but those were not registered ones. I talking about doing a registered one

Posted using Partiko Android

$0.00

justtryme90 (71) · 6 years ago

How about just doing private offering of actual stocks like a normal company. Not everything has to be completely crypto-centric.

$0.00

alexs1320 (71) · 6 years ago

Imagine how community would react when we read that 70% of staff was fired because the crypto went down? It's ok for 3-months old startup from a garage, but this must be sustainable and stable after several years. You can't live on promises forever

$0.00

justtryme90 (71) · 6 years ago (edited)

You can't live on promises forever

My company is 10 years old and we still don't have strong revenue. Were still "living on promises." Depending on the scope of what you are out to accomplish, things do actually take quite a bit of time.

It's ok for 3-months old startup from a garage

Uh what? This shit happens to companies who have been around for years quite frequently. The startup phase doesn't just end as soon as you seem to think...

Edit: Note I'm not actually defending Steemit Inc here. I just don't agree with the perspective of your criticisms.

$0.00

netuoso (70) · 6 years ago

SteemIt has been selling since the beginning. They are the driving force of the sell pressure. Not sure what you mean imagine if they had been selling.

$0.00

fyrstikken (75) · 6 years ago

We have come a long way, time to take a breather and look back on where we have been and look at how awesome things have become.

On the technological side of STEEM it has never been easier to write apps/front ends with the source code generously documented on github.

a lot of great innovation creating the "Steem Grid" which we live on now. And right now is waiting for the future when SMTs are an integrated part of the blockchain so everything can run decentralised and trade decentralised.

My goal with SMTs are to rapidly get up 10,000+ communities all running advertisement around the world and on the Internet to invest in their "shitcoin Media Talkum" or some really "Shady Mafia Tokens" or legit "Smart Media Tokens".

When SMTs successfully launches completed with the internal or decentralised marketplace, when I start seeing advertisement or spam in my wallet to support X, Y or Z SMTs, that will be the sign to just corner the STEEM market and just buy high and sell higher because the gateway into SMTs go via STEEM, and it will put an enormous demand for STEEM which will eat up the supply from the big markets in order to secure enough STEEM to be a player.

Love your camera setup, @ned, do not worry about the future, we shall set new all-time highs soon enough.

$0.69

personz (66) · 6 years ago

When SMTs successfully launches completed with [...]

ehhhh, about that...

$0.00

surfyogi (65) · 6 years ago

WE all hope for this, and somehow, with PAST PERFORMANCE, it's just so unlikely?

Wishing well, it could happen but seems SIGNIFICANTLY LESS LIKELY with this kind of planning, forethought, management style and communication. Am I wrong?

$0.00

personz (66) · 6 years ago (edited)

It's good that recently you and your team have tried to have more contact with the users of the platform but I still feel like you're treating us / them in the old way of things, with partial information designed with a purpose, instead of just plain information about what's going on.

There's just not enough information here to know anything of value, except that you acknowledge publicly your layoffs and are trying to make sure your users to not panic. Nothing about why you relied on the STEEM price at what it was like, what your contingency plans were / are (if any), etc.

It's especially typical and in bad faith considering the recent remarks about your other project, keeping the line on SMTs, and even Facebook ads. Communication in good faith does not produce surprises like this. While you are free to run your business as you choose it's clear to me that you lack a fundamental respect for the users who are underpinning the network. I hope this changes some day.

What we see here are excuses and a bad massage.

$0.66

surfyogi (65) · 6 years ago

2 weeks after SF3... just as I assumed.
I met @ned, talked to him for all of 30 seconds, was quickly "ushered away" after our photograph together, and wow, I was so unimpressed, I think I could engineer a better "internet blockchain for social media owned by the public".
That was my take away... but glad I attended.

$0.00

soyrosa (74) · 6 years ago (edited)

For those who had to be let go: Thanks for all that you've done for us. For me, Steem has been of huge impact of how I live my life and how I look at the future. Know you have contributed to that.

For those who are here, developing, contributing, working hard: Thank you. Really. I'm still here as well and as a 'Jack of all Trades' please contact me if you are working on advancing Steem in any way and could use a pair of extra hands in your project team.

Cheers all, times are tough, but as long as we're continuing to work we'll be able to be a little better and stronger and closer to where we want to be every day.

$0.59

hr1 (59) · 6 years ago

I see many comments which say nobody is offering any solution. This is how I see the current situation: The Sustainability of Steem - Is Freemium Broken? and this is the solution our team came up with which could potentially boost the whole ecosystem: Steeve's Business Plan

Posted using Steeve

$0.50

coingecko (70) · 6 years ago

"While onlookers see a barren field, the farmer rests in the knowledge that it has been ploughed, sowed, with the seeds growing within the earth" - paraphrase from @aantonop

We know as well as anyone how the bear market hurts the whole industry. However, we strongly believe that this is the best time for laying the groundwork not only for development but also in partnerships and strengthening the bonds with your community.

THIS IS THE TIME TO ACT.

As someone who joins the Steem ecosystem only recently, it's clear from our outsider perspective that @ned you still have a very strong community support. Colourful as their language may be, at least they are still here on the blockchain.

The bear market won't easily destroy the Steem community, that we can obviously see. It's why @coingecko is confident with our 22k steem power vested in our account.

We bid you all the best in what you have planned following the layoff and hope to read more from you soon.

$0.48

meno (73) · 6 years ago

As someone who joins the Steem ecosystem only recently, it's clear from our outsider perspective that @ned you still have a very strong community support. Colourful as their language may be, at least they are still here on the blockchain.

The bear market won't easily destroy the Steem community, that we can obviously see. It's why @coingecko is confident with our 22k steem power vested in our account.

This is the kind of thing I wish more people would see as clear as you do! love it

$0.33

lovenfreedom (64) · 6 years ago

Awesome response. The community support is still strong. Many are invested (both time and SP) and definitely want STEEM to succeed. Failing is not an option.

THIS IS THE TIME TO ACT.

Definitely, most who have the capital see this as opportunity and it should be seen as that - opportunity.

Thanks for staying with us!

$0.00

joeparys (73) · 6 years ago (edited)

Let this be an eye opener to this entire community. Steemit and Steem are a BUSINESS FIRST and if the BUSINESS runs out of money so does all of its COMMUNITIES. As a business owner myself I’ve had to hire and fire handfuls of people. You make adjustments. You FIND a way. I appreciate your transparency @Ned but this is not “bad news” in my opinion. It’s Business. And we all have a new challenge. We need to support @ned and Steemit inc now more than ever. Steem on!

$0.46

kafkanarchy84 (74) · 6 years ago (edited)

They’re a business paying themselves from volatile markets? This place is more like a used car lot where hucksters abound, I’d say. This platform was abandoned for a new UI, has sat pretty much unchanged in beta for well over two years, and SMTs are delayed. What kind of serious business stakes staff salaries entirely on the volatile markets?

The tough times are for those who have put everything into this place. I’m sure Ned and crew have more than enough of a financial pad to be alright.

joeparys (73) · 6 years ago

I agree that paying your staff with highly volatile currency isn’t very smart. There should have been a big chunk of USD set aside for 5-10 years to deal with a highly volatile market. That being said this is the situation we’re in now... all we can do is move forward

kafkanarchy84 (74) · 6 years ago

That’s just the thing for me, though. Moving forward is what I thought this UI was supposed to all about. But now SMTs are further delayed, here we are still in beta after over 2 years, and now they’ve laid off 70% of the team and are switching to a new website.

Smells fishy as hell to me.

That and new users can now only comment/post a few times before RCs are depleted.

I was a big evangelist for this project and site, but no longer. Now they cannot even pay staff unless the crypto market is thriving?

Anyway. Venting a bit here. I appreciate your reply.

sircork (64) · 6 years ago

None of your venting is wrong.

joeyarnoldvn (61) · 6 years ago (edited)

Would it help if we all had the ability to opt-in to witnessing, in getting paid to contribute computer processing speed, CPU, GHZ, memory (RAM), hard drive disk space (HDD), for serving the blockchain, the transactions? AKA mining Steem. I've yet to mine Bitcoin. I may do that. I would love to mine Steem. But witnesses shouldn't rely only on Steem. They should have backup income, etc. Otherwise, life happens. Gotta have backups, options, in life, in investing, in everything. Steemit is still better than Minds, Gabs, Bitchute, Brighteon, in some ways. So, I'll continue to do what I can to promote Steemit regardless, still.

$0.00

dana-edwards (74) · 6 years ago

So will all the brilliant business minds on Steem now provide input on how best to monetize the Steem ecosystem?

$0.00

kafkanarchy84 (74) · 6 years ago

70% of the team? You guys didn’t have a backup plan to compensate for bear markets? Makes sense now why this platform sat for two years and hasn’t changed much at all, is still in beta, and is now being abandoned for a new UI.

$$$

Kinda gross.

$0.43

12 votes

zuerich (61) · 6 years ago

Thanks for this open communication!

$0.43

relativityboy (40) · 6 years ago

Well said @ned. This kind of thing is a great learning experience, both for Steemit and for the community. Steem was built with great vision, and is still the best darned BC in existence. A big price burp isn't going to change that.

Remember, Steemworks!

$0.37

reseller (74) · 6 years ago (edited)

Thoughts and Prayers going out to those who lost their jobs. Maybe @fundition could hold a Christmas/Holiday drive to raise funds for those families effected in the layoff's so at least they can have a little something for the holiday season ahead?

$0.31

lays (67) · 6 years ago

@ned you should start ad network on steemit it will grab more investor on steem , You know 90% of people on steemit are from usa and you should know Usa traffic is how much valuable, Make steemit real social media where companies buy steem and invest to buy ads for their business and website so that it will increase steem market capital.

$0.31

kabir88 (60) · 6 years ago

"Necessity is the mother of innovation", although the bear market has removed the amount of capital available for many projects. We must remember that a lot of progress can be made by tapping into the real strengths of the steem blockchain.

I believe that strength is the amazing community we have here on the steem blockchain. I don't mean that we can be nice and have a group hug, as good as that may make us feel. I mean it's time to do a skills audit of the people on the steem blockchain and find ways to crowd source from our community the resources we can use to make the steem blockchain grow and not become dead in the water.

It's time to empower the steem community and not just see them as beta testers. Many have invested both time and money into this project and they should be given the respect they deserve and a channel to air their thoughts and have them listened to.

When the prices were higher, it was easy for everyone to just do their own thing and see which worked better.

I think now is a time for better coordination so we can avoid duplication of effort and be as efficient as possible to make sure the steem blockchain, not only survives, but thrives.

kerrywolf (59) · 6 years ago

48!!! Wooooooo!!!

kabir88 (60) · 6 years ago

For anyone reading this in the future, that's a reference to my reputation rating of 48, not the steem price ;)

$0.00

surfyogi (65) · 6 years ago

DAC anyone?

kabir88 (60) · 6 years ago

I think we need a community based structure to handle blockchain development, promotion and venture building and a foundation to protect the steem project in the real world.

This is important as it means we are creating structures that give the steem blockchain some redundancy should steemit Inc fail or become ineffective.

If that happens to be a DAC or some other structure, I don't mind

$0.00

surfyogi (65) · 6 years ago

RIGHT...
But WHO do you Want to OWN 51%?

@ned ?

??

Not so much...

$0.00

kabir88 (60) · 6 years ago

I would suggest it runs like any other dapp, but rather than providing a platform for content, it could be a platform for voting and deciding which improvements to the blockchain to fund. A bit like Utopian, but for the steem blockchains development.

Ownership would depend on who puts up the stake to reward the developers. If in doubt, go for the golden rule, he who has the gold, makes the rules.

joeyarnoldvn (61) · 6 years ago

Would an increase in witnesses help?

$0.00

dana-edwards (74) · 6 years ago

If you need capital focus on business growth and building the ecosystem. Crypto communities got lazy when prices went really high and stopped focusing on monetizing and profit. New tech is fun but now the new tech needs to have a business plan behind it. Every project is a business. Every blogger is a business. If you're running a charity then just say so otherwise it has to profit.

$0.00

mattclarke (68) · 6 years ago

I'm sure many of those staff are reading the comments, so I'd like to say;
Thankyou for your dedication. I know this can't be easy for you, you pour your heart and soul into your work and it'll feel like you're leaving a lot of yourself on that empty desk, but the skills and relationships you've developed walk out of the door with you, along with our gratitude and respect.

$0.25

stackin (78) · 6 years ago

Tuff times in the whole crypto market! However, I believe in steem ! 💪🏼🙌🏼💯

$0.25

snowyknight (57) · 6 years ago

yep!

$0.00

inventor16 (64) · 6 years ago (edited)

Only the STRONG will survive

This is the healthiest thing that could of happened to crypto. I'm actually hoping that btc mining becomes unprofitable when and if it goes below 3k so that POS coins can takeover the top spots on CMC.
Remove SBDs competely because a) they don't hold a peg either upside or downside so it's pointless b) it puts selling pressure on steem during these low prices c) it makes it more complex with exchanges. Making things as simple as possible for exchanges should be a huge priority.
My suggestion for #2 will prob be ignored but it was worth a try lol.

$0.23

dineshgeorgia (60) · 6 years ago (edited)

remove buy sell button from steemit wallet, because people buy thousand if not millions per day with it, and its not tracked for coinmarketcap and price is very low because of it( no transaction volume )

$0.71

ecoinstant (68) · 6 years ago

Internal market is very important as long as sbd is around

$0.00

dineshgeorgia (60) · 6 years ago

im not talked about internal sbd/steem market.
I talked about buy/sell button which goes to blocktrades!
People buying or selling millions of steem and its not showing in exchanges (like bittrex,binance)
and people dont see volume of all trades, and because of it steem is much much underrated in crypto.

sircork (64) · 6 years ago

Not to mention huge conflicts of interest and centralization issues surrounding the inclusion of contractors who helped built bitshares and steem being the built in outlet for transactions.

$0.00

surfyogi (65) · 6 years ago

I asked @ned 18 months ago "get rid of SBD" because it's too difficult to explain to new users, AND you admit yourself, "it's always broken"... but he could not extract the idea from the product at that time.

I don't believe there ever was a "product", just a test lab.

inventor16 (64) · 6 years ago

Steemit and Steem itself is a test lab, everything is a test lab. I think removing SBD is a step in the right direction. There are other stable coins specifically designed for this. Also caculators do the job just fine in calculating the amount of steem needed for any given transaction.

intrepidphotos (75) · 6 years ago

Yes SBD's are a liability.

$0.00

https://steemit.com/vimmtv/@kerrywolf/8b3ed28f8b7899e5c5b3f30775bb8071-vimmtv

kerrywolf (59) · 6 years ago (edited)

Dear @ned,

I realize that at the time of this comment, with the 249 existing comments, I'd have better luck tying a couple tin cans together and then tossing one as far west as I can throw, hoping you'll notice me... but, dude... if you manage to hear my little voice in this wildly unballanced clamor of yesmen, please take a second and check out my stream. Your time is valuable and I'd really appreciate your attention, even if you disagree with what I'm trying (and mostly failing) to do. It's gotten bad enough that I don't even care anymore if you wipe me out for mouthing off to you. (Uh, like, please don't though, okay?)

I want you to watch this thing. I warn you, it's really long, clocking in at over 20min but it's totally worth it. But if you wanna just cut to the chase, you can skip to minute 16-18ish for the part where I talk right at you.

I've tried getting your attention a few times during my year on Steem, with varying levels of aplomb (or the lack thereof) to no avail. But now that you're putting yourself out there to be approached, can we please get some sort of dialog going? I represent a bunch of little fish- a position I didn't insert myself into willingly- and we could really use some frickin help, my bro!

Please, for everyone's sake, set down the damn guitar, put on a grownass man's outfit, check this shit out, and then, for the love of Steem, DO SOMETHING! PLEASE! We're dying here ffs!!

You don't even have to flag @berniesanders, okay? Just weigh in on how newcomers and fulltime steemians matter to you in some way, alright? You wanna be the cool bossguy? Here's your chance.

Please, Obi-Ned Kenobi! You're, like totally, our only hope, guy! lulz

Hugz 'N Kisses,
KAW

P.S. Nice hair, brah!

$0.22

treachrus (36) · 6 years ago

LMAO!!!!

bethalea (63) · 6 years ago

thank goodness that new CEO gig you've got going on isn't getting in the way of all that great guitar playing. Or that the guitar playing isn't getting in the way of being CEO of Steemit... or.... um. No, you're right, this is fine

$0.20

intellihandling (63) · 6 years ago

Hi @ned, i love Steemit and i am trying to support it as much as i can, but there are people who are doing more and it will be very useful if you can give your support to them.
This is the post of a very Steemit lover user:
https://steemit.com/steemit/@crypto.piotr/delegating-up-to-1200-steem-power-to-curators-and-solid-bloggers
Please look at it and i hope many others will do the same, we are on the right way if we will give to Steemit again the past interest...:)))

$0.16

crypto.piotr (70) · 6 years ago

Thank you for that comment @intellihandling :)

$0.00

brettcalloway (57) · 6 years ago

Best of luck @ned! STEEM will always be my first crypto love affair no matter what happens! I would like some STEEM babies tho! 😂

schattenjaeger (71) · 6 years ago

Can't your staff just use the bid bots?

libert (63) · 6 years ago

I didn't understand why you called 'steemit ded' in your last post, now that I have read this post, I understand 😕

Posted using Partiko Android

$0.00

tarazkp (80) · 6 years ago

Well, this makes things interesting going forward. All the best to the team, both those staying and those moving on.

sugarfix (55) · 6 years ago

Woah that is a lot of responses. I think pruning the chain is a necessity in order to keep costs down. Might be a good but potentially incendiary to have a server archive cluster that sat completely off the blockchain. fill this full of ads etc

For the blochain itself sell corporate accounts with the option to buy into capped levels.

Consider a dapp token that functions as introduction to steemit that totally holds the hands of newbies before they go on the chain itself. It needs to be totally gamified. Once people "pass" this baby chain they then go onto Steemit.

Don't quit. This is firesale time .....ok quit playing guitar :D

$0.11

protegeaa (61) · 6 years ago

I'm sure this hasn't been an easy decision.

Is there a way the community can help support Steemit Inc's work through delegation of SP? I'd be happy to put my spare SP to work if it helped you all keep the lights on.

bryan-imhoff (66) · 6 years ago

Crowdfunding Steemit Inc’s development is as simple as buying Steem! Like a nation at war encourages its citizens to buy war bonds, we should all be rallying to support Steem on the marketplace. Higher value eases the financial constraints of developers & witnesses; and if the crisis passes supporters have actually earned rather than simply donated.

dana-edwards (74) · 6 years ago

Steem is a business. Offer utility and monetize in a way where people have to buy Steem to get what they want from Steem.

$0.00

cryplectibles (69) · 6 years ago

Is there a way the community can help support Steemit Inc's work through delegation of SP? I'd be happy to put my spare SP to work if it helped you all keep the lights on.

You know, there really could be an option within all our Settings page that has a check box we can mark that sends a certain percent back to Steemit automatically.

namiks (64) · 6 years ago

Same here. Would be willing to delegate SP if it helps.

jaybird (72) · 6 years ago (edited)

Shudang... The update is appreciated tho. The community aspect has been pretty successful in my view. That's a main reason why I'm still here as well.

tuck-fheman (74) · 6 years ago

libert (63) · 6 years ago

😂

Posted using Partiko Android

$0.00

mrgreen (64) · 6 years ago

miss that dude?)

$0.00

jasonrussell (68) · 6 years ago

Mannn... 70%? At what kind of price does steem need to be at to keep a full staff?

namiks (64) · 6 years ago

Fuck the ads comments. If a crypto project can't survive without adapting to ancient methods of generating revenue then crypto has failed.

I'd much rather see the direction of merchandise than something like advertising -- which then means we're handing over our info to advertisers, on a platform that claims its users don't need them anymore.

This is pretty shitty news, but we can all try to remain optimistic and perhaps even try to come together to do what we can to ensure the site survives.

Hopefully things get better soon. These prices are killing us all.

acidyo (80) · 6 years ago

The ads would help with the costs of running the front-end Steemit. I'm sure people much rather would prefer ads than the site taking beneficiary rewards like some other front-ends do to maintain profitable.

namiks (64) · 6 years ago

I feel I'm one of the people that would prefer to have a slight fee taken from my rewards in order to keep the site going than have to deal with ads and my info being shared with those running the ads.

$0.37

acidyo (80) · 6 years ago

I'd have to agree with that.

personz (66) · 6 years ago

+1 from me too, the minute steemit.com runs ads I'll never use it again. It's bad enough the establishment CDN they use already.

allcapsonezero (61) · 6 years ago

cosign ^^^

meno (73) · 6 years ago

Maybe so, but you are still adding more sell pressure to the tokens. The idea of having ads, or any other system that anyone can think of (of course it doesnt have to be ads) is to remove the need to sell more STEEM to foot the bill.

Hence why it's irrelevant if all of the sudden all steemians get together delegate to a @keepsteemthriving account and let it upvote itself 20 times a day. All those tokens would go right to the exchanges dumping the price even lower.

Whatever solution is edified needs to have a different dynamic. It can't be against the pool, against the inflation... specially if the bear market continues.

More people are selling than buying, the solution can't be... sell more.

$0.00

nonameslefttouse (74) · 6 years ago (edited)

I explained how to pull this off down this rabbit hole of links:
https://steemit.com/steem/@phoneinf/how-to-make-steem-blockchain-into-a-success-the-new-google-solution-by-nonameslefttouse

Phoneinf made a video, but his post includes the reading material. There's also comments I left under the video. You're a smart guy, maybe you can make sense of it all.

I should add: We have ads now. They hijack the trending page with bots. It made a huge mess. It puts selling pressure on the token. What I've been trying to say for months flips the switch.

meno (73) · 6 years ago

Thank you for sharing this.. I think the idea is pretty awesome to be honest.... And I could see us doing this one day, when there is enough traffic so that companies with products want to actually advertise on steem platforms.

It's pretty clever!

$0.00

namiks (64) · 6 years ago

The only reason we're at this point is because of bitcoin. It doesn't mean those buying are simply gone. There's still a huge amount of money being exchanged between sellers and buyers each day. Plus, the switching between reward pools to control supply/creation of Steem/SBD does a good job as it is.

This isn't really a case of more people selling than buying, it's that those holding are losing their USD and BTC value by holding. It's no different with any other coin. Money is still switching hands, just at lower prices.

If a community-wide delegation that resulted in lower prices for us but ensures that Steemit can remain earning during the bear market were to happen, I know I'd be fine with it.

All hypothetical for now, obviously.

$0.00

meno (73) · 6 years ago

I don't want to make this a long convo about price. But yes, you are right BTC is dragging everything down, but the alts are plunging faster than BTC.

STEEM in satoshis has declined heavily, specially in the last two months. and if you look at a BTC/STEEM chart (because STEEM/uSD is useless) you can see the sell off candles very visibly so. Just last night 800k dump in 15 min, no buyers to eat that up.

$0.00

joeyarnoldvn (61) · 6 years ago

Steem is down because Bitcoin is down because the Dollar is down because of what the Federal Reserve has been doing a few different times in 2018 alone, this year alone. The biggest issue is the Fed.

$0.00

cardboard (61) · 6 years ago (edited)

You can see how those non-ancient ways of generating income worked out for crypto. We dont have luxury to be idealist (or childish) anymore. Its time to grow up and realize how the world works.

Also adding ads doesnt mean that you need to give your info. If you're browsing #gaming trending page, you can see gaming ad. How is this harmful to anyone?

$0.00

namiks (64) · 6 years ago

Throwing ads at a community that is against them doesn't sound particularly profitable in the age of ad blocking now, does it?

$0.00

personz (66) · 6 years ago (edited)

It's a slippery slope my friend. Untargeted ads are worth a tiny fraction of what targeted ads are worth. The incentive to maximise information gathering is huge.

$0.00

surfermarly (74) · 6 years ago

Thanks for letting us know, Ned.
We’ve been talking about this before at Steemfest and maybe now is the right point in time to put it into practice: involve this community.

We’ve all built this up together and even though you had to lay off a considerable number of employees, there’s still a whole community wanting to contribute in the way they can.

Tap this Proof of Brain!

paulag (73) · 6 years ago

agreed, if we know what skills have been lost by steemit inc, we may be able to grow communities to carry out many of the tasks

$0.00

surfermarly (74) · 6 years ago

Absolutely. That'd only require that we were involved.

$0.00

inthenow (64) · 6 years ago

Any politicians in your family tree? You should consider running for public office, you would be a shoe in. After 2 years and many millions later, what is the end result? A crappy logo, lots of hot air and empty promises.

So where did all that money go again? Makes one wonder.

And the sad part is, Steemit has great potential, that is wasted on a daily basis. I've meet lots of wonderful people and call many of them friends now. So please do us all a favor, and don't cock it up.

As for the people that lost their jobs, very sorry to hear that especially during the holiday season, thanks for all you have done. Best of luck to you.

joeyarnoldvn (61) · 6 years ago

But we can still continue in making Steem the best we can make it, to make the most of it for now, that is unless if you have something better to do, like a better blockchain social network to invest in, right? Steemit is my favorite and I'm committed to making it the best because it's my favorite. Why not? But if Minds.com was to be maybe better, then I might change my focus to Minds or to other places for example. Minds is said to be a blockchain on Ethereum. But I like Steemit better. But people can feel free to change my mind. May the better blockchains win. That's the beauty of competition, right?

$0.00

tuck-fheman (74) · 6 years ago

that is unless if you have something better to do, like a better blockchain social network to invest in

https://scorum.com
;)

$0.00

midlet (72) · 6 years ago

What's the worst case scenario here just for clarification? Steemit development stops? Steemit.com is no longer accessible? The entire Steem blockchain grinds to a halt?

mattclarke (68) · 6 years ago

Steem is the foundation. Dapps are built on it.
Worst case, steemit goes belly-up, they stop providing updates for the witnesses to adopt.
Dapps continue to flourish on the existing foundation. I imagine the witnesses would get together and source code improvements some other way as required.
In that case I would very much hope steemit inc would send their massive warchest to @null. If they dropped it all on the market, the price would get real ugly real quick.

midlet (72) · 6 years ago

Thanks @mattclarke. While I hope everything works out, it’s good to know it’s not a complete game over in the worst case.

Posted using Partiko iOS

$0.00

mattclarke (68) · 6 years ago

Not even close. The whole ecosystem was designed to outlast all sorts of problems.
Steemit going out of business would be little more than a temporary inconvenience.
NB: I think there's very little chance they'll fold.

$0.00

ned (69) · 6 years ago

Steem as blockchain would continue if Steemit.com dissapeared. However, the full and robust on-chain social experience would be likely to disappear from the ecosystem, at least temporarily. Steemit.com is supported by an expensive system of Full Nodes that we run primarily to support steemit.com that has the fortunate consequence of supporting the existence of many other social apps. Most Steem social application's companies don't appear positioned to bear these costs or scale up without this system of free to use Full Nodes.

midlet (72) · 6 years ago

Thanks for the reply @ned. So if I'm understanding correctly, in the worst case scenario if Steemit.com goes down, it takes the vast majority, if not all of the social applications with it, unless those applications can fully support themselves without Steemits Full Nodes. The blockchain will still be here, so there's nothing in anyone's way to pursue this, but the immediate effect would be most of these applications disappearing. Is that about accurate?

ned (69) · 6 years ago (edited)

Is that about accurate?

Yes, about so.

freddio (61) · 6 years ago

its a good to give devs this Tool for free.

$0.00

paulag (73) · 6 years ago

how close are we to this happening?

$0.00

sanjeevm (63) · 6 years ago

So all the dapps are going to disappear soon ? I thought the blockchain is open source, and they can run their own node ?

$0.00

boyanpro (54) · 6 years ago

@ned what about SMT? Now it sounds like smt will not see the light of day?
Why not engage community with STEEM rewards for contribution? Something like gitcoin.

$0.00

spozone (49) · 6 years ago

Yes, I'd like to know too. Are you saying the party is over and we should ...punt?

$0.00

inventor16 (64) · 6 years ago

Two Decades Ago, It Was Almost Bankrupt. Apple Is now Worth $1,000,000,000,000+

surfyogi (65) · 6 years ago

very true, and back then, everybody was betting on MS

$0.00

ura-soul (75) · 6 years ago

Apple had marketing! lol

$0.00

libert (63) · 6 years ago

Hope same happens to steemit haha

Posted using Partiko Android

$0.00

joeyarnoldvn (61) · 6 years ago

Apple is in China. I use Ubuntu.

$0.00

adetorrent (74) · 6 years ago

Terrible news, but understandable.

ned (69) · 6 years ago

We'll get through this. Thanks for understanding.

phoenixwren (65) · 6 years ago

I'm curious - I've been here just a little over a year so I wasn't here for the early days people talk about when Steem was six cents and the like - was it just that the staff numbers were much smaller then? Or were you starting off with some venture capital that was able to pay folks before Steemit was in the black?

abdulmanan (67) · 6 years ago

@ned we would love to have the answer on this question ?

$0.00

paulag (73) · 6 years ago

freedom is the investor

$0.00

phoenixwren (65) · 6 years ago

Really? Do we know this, or is that just a guess?

$0.00

paulag (73) · 6 years ago

Its rather obvious, i did a few posts a while back 😁

Posted using Partiko Android

$0.00

jonyoudyer (64) · 6 years ago

Probably then the money wasn't wasted on guitars yet lol.

$0.00

libert (63) · 6 years ago

same question

Posted using Partiko Android

$0.00

k9disc (49) · 6 years ago

Do you feel as if your communication (personal and team) was up to the task of stewarding Steem this through these difficult times?

Seems that the whole team, communication-wise was rather MIA since Feb when I joined. Do you feel that this played a role in this decision? Was this struggle part of the lack of communication? I get that. Been there myself on a few projects, although not with the same fiduciary responsibility. I can't imagine...

I was super stoked on the platform, even as the value plummeted, but I lost faith primarily because it seemed as if the company leadership was busy doing something else and not present to steady the ship. Surfacing once or twice a month seemed off.

Informing the community after the fact falls into the same category. I would have a far different opinion if you guys were open and consistent with communication throughout.

The answer to this question, or the perception of the answer if it is not forthcoming, is going to have great bearing in your ability to weather the storm.

On a personal note, I'm glad I wasn't heavily invested. I'll HODL, but not holding my breath.

Best of luck.

billmega (53) · 6 years ago

But they all had a blast at steemfest! ...wonder If the bills were paid.

personz (66) · 6 years ago

Communication has always been really bad. When pushed before there has been some handwaving about keep competitive edge and such. The truth is plain once you think about it, and especially stark given this recent revelation - Steemit Inc. uses the withholding of crucial information to attempt to leverage the user community into the action it feels is best. That is, there is a lack of trust and a double standard on the fundamental relationships between network runners and users.

$0.00

haccolong (61) · 6 years ago

Hi @ned
I'm really sorry to your troubles. Hopefully the layoff solution is a temporary solution and you will have another plan. I do not know the internal details of Steemit, Inc and I can not make the right comments. But I hope that you and BOD identify the risks that may occur. From that need specific strategies to cope with every possible risk. What would you do in case the market down deeper, deeper & deeper? Or another platform like Steem was born and has more advantages?

I can see that, the risk now is that the revenue is reduced. You have dealt with by cutting costs, the question is whether all cost-cutting options have been considered (for example office expenses). And have you thought of a solution to increase revenue? Examples allow ads with a revenue sharing scheme with the user .v.v.v.v

You know that, when you have a strategy for each risk you and the company will be able to overcome any storms and after the storm, we will become stronger.

I believe that I and this community look forward to you and your company.

Finally wish you always lucid !!!

industriousliv (47) · 6 years ago

I was away for a few months. Came back, got optimistic about Partiko and Steem Monsters and the whole platform. Then read things like this and that optimism just gets shot to hell. I think to myself, “that’s why I lost interest the first time”. Don’t worry, it will pass I’m sure.

onlyprofitbot (0) · 6 years ago

$0.00

silvertop (78) · 6 years ago

Not the best of news just before the Christmas holiday, but If this keeps us afloat...... Ad's are not the end of the world if they keep Steemit going. The people talking about a fee are not minnows or even smaller. If you want to really kill Steemit charge people a fee, anyone at the bottom will just give up.
This is the time to make on-boarding easier, up to two weeks to get signed up after HF-20 is TOO long. Steemit needs to be easier for the non crypto world to sign up and understand! Time to fix this @ned, lets make steemit grow!

joeyarnoldvn (61) · 6 years ago

Will we become Facebook if we let ads conquer us?

$0.00

anthonyadavisii (70) · 6 years ago (edited)

@ned, I would like to learn more about what you mean about pitchforking because, if I mean l think it means, then it sounds like a great idea to reduce server overhead.

If it is possible for us to have a flavor of RPC nodes to only contain active posts and the rest be archived to perhaps a different node with less data throughput requirements, think that would be a much more ideal situation.

Hell, I would think archived posts data could run on magnetic storage as most users I would imagine are more concerned with engaging active content quickly.

I would like to mention that I had attempted to reach out to you on Twitter about my tools to fight abuse on the platform, a matter that is largely overlooked and not dealt with decisively due to the limited scope that @steemcleaners will handle.

A little bit of background, I am a long term holder that has NEVER powered down and am intent on using my energy on this platform to ensure myself and the friends that I have made here DO NOT become bag holders.

That's a big part of the reason that I want to put the proverbial smack down on abuse so people will not have reservations about investing time and effort in creating exceptional, amazing and cutting edge content.

I want to see the kind of stuff that makes you say wow when you see it but the problem is that it's difficult to encourage that kind of work ethic when others are making similar gains through abuse that is often automated and coordinated via different accounts.

We don't want to dishonest folks to have the advantage because it will repel the well intentioned to commit. If we do nothing and the value of our tokens continues to diminish, it's a game of entropy and in that game we, that believe in the vision of Steem, will all lose.

That is why I inquired as to your opinion about @steemflagrewards. We review flags and incentivize those that we believe are against behaviors that are not conducive to the growth of this platform. We desire people to work together to build the platform and we would be much more efficacious with your help.

Again, long term holder here and I plan on going down with the ship if that be the case but I would like to make a reasonable attempt to steer the culture in the right direction with the help of our flag incentivization program. We can coordinate with bot owners as well for quality control. We can focus on addressing the abuse on the platform that the community believes is most prevalent via conducting polls.

There are so many possibilities, @ned. We're just asking you for the opportunity. Thank you for your time.

Posted using Partiko Android

whatsup (75) · 6 years ago

Appreciate the communication. Rough one... It's been a rough year for crypto.

ngc (66) · 6 years ago

You're fucking lame for muting me.

I even left you somewhat nice comments.

sircork (64) · 6 years ago (edited)

I didn't leave nice comments, but we were too close to the truth most of the time.

$0.00

coininstant (66) · 5 years ago

$0.00

iflagtrash (63) · 5 years ago

You're a waste of space. You've been flagged like the trash you are.

$0.00

coininstant (66) · 5 years ago

$0.00

iflagtrash (63) · 5 years ago

You're a waste of space. You've been flagged like the trash you are.

$0.00

bearbear613 (67) · 6 years ago

cut backs and downsizing is the dream of any prosperous business.

Yikes

tawasi (63) · 6 years ago

Thanks for everything. Sad to see the shrinkage. I had hoped steemit would be expanding with communities and new onboarding. Sadly, my immediate response is to feel stupid for putting money into your system which your team has chosen to cut.\n#SteemPromo?

Posted using Partiko Android

jk6276 (66) · 6 years ago

Very sorry to hear this, thank you for your transparency. Thoughts are with those layed off this close to the holiday season ans Christmas.

One question, is this likely to alter the timeline for SMTs?

Posted using Partiko Android

ned (69) · 6 years ago

Focusing on cost reductions will affect the timeline. We don't know how at this point. (Mentioned in another comment also, adding for redundancy.) Thanks for your support.

$0.00

ssjsasha (67) · 6 years ago

if tomorrow steemit.com is no longer accessible, how can I communicate with the steem blockchain if I dont have any of my passwords or private keys written down?

markkujantunen (74) · 6 years ago

Goodness! No passwords written down? All in the browser? Jesus! You should use Anonsteem to create another account, power down and transfer your money to that account.

And, please use a password manager like KeePass to store all your keys. And make copies of the password file and stored it in several different physical locations. You have 5,000 SP! Be more careful with your keys!

You can use another interface if Steemit.com becomes defunct. There are plenty of them.

$0.00

markkujantunen (74) · 6 years ago

I don't see what you need Destiny, another UI for. There is no shortage of UIs. Just focus on getting SMTs and RC delegation pools and the scalability stuff wrapped up by next March.

jk6276 (66) · 6 years ago

I really appreciate your response @ned. Best wishes in these tough times.

Posted using Partiko Android

$0.00

jk6276 (66) · 6 years ago

I have posted my 2 cents worth.
https://steemit.com/steem/@jk6276/shout-out-to-dapps-devs-and-witnesses

$0.00

lordbutterfly (70) · 6 years ago

Im just wondering if you will be looking to employ more people as soon as we enter a bull market or are you giving up on Steemit.inc and moving to your new project..
I can see people calling you to step down, but thats possibly the single worst thing that could happen for STEEM.

$0.00

freebornangel (73) · 6 years ago

Oh goody, no more Nero impressions and bs graphs?

Can we go back to before the forks changed the math that brought folks in now?

Maybe you can grow a set and flag the whales that abuse that abuse the n2?
There are only ~70 accounts holding us back from a working model.
A model that brought in users.

Capping investment at 500mv limits speculation and gives a working curve to the math.
Not many folks knocking down the doors to invest more at this point, eh?

bitminter (60) · 6 years ago

Hi @ned, Come join us on https://smoke.io :-) You more than welcome to join and post about anything you want, not to mention you will be rewarded for your content. Looking forward to seeing you there

bearbear613 (67) · 6 years ago

does ned smoke?

$0.00

bitminter (60) · 6 years ago

No idea? But hey you never know and if it is legal maybe now would be a good time lol.

$0.00

susanlo (65) · 6 years ago

Thank you Ned for your update. We know the decisions are hard to make:’( I’m still optimistic about the future of Steemit like you are :) We are a strong community and I’m sure we can get through this. Gd luck to Steemit!

travisung (51) · 6 years ago

Ned, hope your team gets through this hard time safe and sound, as well as all the other projects, investors, and content creators within this beautiful community.

revisesociology (73) · 6 years ago

Where are steem inc's accounts published which document the costs of running servers and paying wages?

I'd like to be able to assess @ats-david's claims and your own competing ones about incomings compared to outgoings.

I'm reluctant to invest further without this info.

Posted using Partiko Android

flemingfarm (68) · 6 years ago

Since you are seemingly in house cleaning mode @ned...

Buying votes is ABSOLUTELY a legacy concept. That is how all governments work in the world. I thought the "crypto-sphere" was supposed to move us away from that mentality... That was part of the vision of Steem, a new paradigm, not more of the same old bullshit pay-to-play garbage.

Fixing the Steem ecosystem requires removing all bought votes, bid bots, and reward pool rape that is constantly going on with a handful of accounts. Grow a pair and deal with the flagrant abuse of the system you so greatly covet @ned. Without a GOOD USER EXPERIENCE you a sharting into the wind.

jabberw0cky (55) · 6 years ago

I like the way he signs it 'founder' of steemit. Dan Larimer created steemit. Ned couldnt code this if his life depended on it.

ned (69) · 6 years ago

Sorry, that's wrong. One, you don't know what's involved in founding and running a company. Second, not a knock on him, however, Larimer never coded front end for us. Check Github.

libert (63) · 6 years ago

Seems you are reading all comments, good thing.

Posted using Partiko Android

$0.00

joeyarnoldvn (61) · 6 years ago

Dan helped. A lot of people helped, right?

$0.00

krazykrista (65) · 6 years ago

*co-founder

matthewwarn (70) · 6 years ago

Yep...and we are witnessing the reality of what not having @dan means

$0.00

rikaz87 (63) · 6 years ago (edited)

VIVA STEEMIT COMMUNITY. STEEMIT IS THE GREATEST BLOGCHAIN PLATFORM I EVER SEEN. THANKS

fr3eze (68) · 6 years ago

Finally getting back from travel and ready to buy in some cheap Steem at this price, sees the company I'm going to stake laid off 70% of staff.

geekpowered (69) · 6 years ago

Well, this is disturbing...

Good luck moving forward with Steemit Inc.

jcrodriguez (66) · 6 years ago

These are some factors, in my opinion, of what happens with steemit.

1 Crash of the cryptocurrency market

2 The adoption of this type of platform is not massive. Adoption costs a lot. We are the same in steemit, now in whale and other similar platforms.

3 Not just the Dapps made with the steem blockchain. There are also now a large number of platforms that reward content creators. Some already in beta, others still in development: Sapien, Kuende, Narrative, Sola, Whale, Weku, Smoke, Vicetoken, Lit, etc.

4 The inequality between the powerful of steemit and the new accounts, cause that many leave it when their effort is not valued, losing the adoption.

5 Self-styled steemit policemen who use flags to stay in power. Coming to commit abuses. There are cases such as that of Walden so that even sexual depravity of minors was discovered.

6 The use of bots to sell votes has created a vicious circle, where the richest get richer, the poor will continue to aspire to be rich, but never reach one of the whales, unless he invests a bill from his pocket .

7 This takes the following, steemit was sold as a platform where the content provider would be rewarded by the same users, a dream, a utopia, but only some large accounts actually help the small stories, instead, most are the ones that only your multiple accounts benefit.

7 Almost nobody reads content in steemit. Only a small percentage. No type of tool is needed to determine this. Steemit is actually a post dump. It is unfortunate.

8 This is not decentralized, that's a lie. Just as ethereum depends on how Buterin dawns, steemit depends on the company and on ned. Is this decentralization?

schattenjaeger (71) · 6 years ago

In all seriousness. My thoughts are with those who got laid off so close to Christmas and the holidays. That's really shitty. I hope they land on their feet.

isarmoewe (64) · 6 years ago

Yep. If the decision to decrease staff was due it still could have been done some weeks ago.

$0.00

oldtimer (75) · 6 years ago

Do you have any idea how many people were laid off?
I read all the comments and not a single number.
And soo much talk about transparency.

$0.00

schattenjaeger (71) · 6 years ago

Just that apparently it was 70%.

$0.00

ats-david (74) · 6 years ago

70% of 5 leaves us with a pretty strange number of staff. Maybe we should all be talking about Ned’s miraculous ability to fractionally divide and fire individual people.

$0.00

oldtimer (75) · 6 years ago

Or maybe they just cross ,,The Bridge'' and face their ,,Destiny''?

$0.00

indigoocean (67) · 6 years ago

Really sorry to hear this, and that SMT timeline is now pushed back an undetermined amount of time. I hope you will consider some more traditional funding to help insulate yourself from reliance on the crypto markets and also allow you to be more selective about what price you’re willing to sell your STEEM at to cover operating expenses.

Posted using Partiko iOS

personz (66) · 6 years ago

There's no reason to believe that they do not have access to more traditional funding, or that the message here is up front, unfortunately.

$0.00

mountainjewel (68) · 6 years ago

that SMT timeline is now pushed back an undetermined amount of time.

oh wow, i didn't see that as a part of the message. that's majorly unfortunate. so much is staked on that. did he mention it in the video? i only had a chance to read the post.

$0.00

acidyo (80) · 6 years ago

About SMT delay he replied this here in the thread:

Focusing on cost reductions will affect the target date. We don't know how at this point.

snowyknight (57) · 6 years ago

exactly... that is part of the exciting future of opportunities... but pushed back reduces momentum.

$0.00

lost108 (66) · 6 years ago

If you really care so much about this platform and the community you should:

Sell a part of the company to a crypto enthusiast who will take care of the further upgrades on the platform (it wont be worse than the current upgrades, that's for sure) and let him make this platform a much better one.
Run ads to cover the costs for workers, marketing etc. Because if you depend only on cryptocurrency price you will get nowhere, we still don't know how deep the dip is, it may even get worse, can you allow your company a 0.05-0.10$ per steem?

If you ask me, I would go for the first option, because your team didn't do much of a difference to be honest and after two years from Steemit creation you are already on the rope, so I don't think you can save this one with your current plans, maybe you have the mindset but you lack the experience and money. We all know that word of mouth marketing lead us nowhere on Steemit, it's time to put your ego aside and behave like a real professional businessman. I hope Steemit will survive this and improve a lot in the following years. Maybe ask for support from Dan, I know that you guys are enemies but this was a project created by the two of you, I am sure he can help.

birdinc (62) · 6 years ago

Happy to have had the opportunity to contribute to this amazing project.

ned (69) · 6 years ago (edited)

Thanks for all your contributions, birdinc. It's been a pleasure working with you.

idikuci (61) · 6 years ago

Upvote talks, bullshit walks

surfermarly (74) · 6 years ago

I just tried to send an email to David and it was returned. Why are email addresses of your (ex) employees already disabled the very same day this announcement comes out?
If someone wants to reach out to your Business Developer, they just bounce back? Why don’t you at least forward them to someone else?

$0.00

sircork (64) · 6 years ago

They don't know how to company at this "company" marly, don't expect professionalism now from people who have demonstrated no understanding of the word before.

$0.00

surfermarly (74) · 6 years ago

I've been working at a lot of companies in my life and never ever an email address was disabled after someone's lay off. They always get forwarded to someone else, since behind every call, every email, every contact there can can be potential customer inquiry or even sales opportunity.

$0.00

sircork (64) · 6 years ago (edited)

Like I said, after 35 years in technology in a career that began in 1985, I have never seen such a ridiculous bad failure as steemit, inc. and their child executive.

$0.00

surfermarly (74) · 6 years ago

No way! You’re out? :-(

$0.00

noisy (67) · 6 years ago

The most important question is... what exactly was affected by this 70% people laid off. For example... if there was a 2 devs working on mobile app - I think we can survive without mobile app from Steemit, having alternatives.

@ned: could you tell a little bit more about that?

paulag (73) · 6 years ago

I too would like to know what skill sets have been lost and what steemit still has?

$0.00

jondoe (84) · 6 years ago

Why was this not better prepared for? Serious question.

$0.00

felander (71) · 6 years ago

This to is part od the bear market... steem the Blockchain will endure but not al businesses will be able to afford to stay

$0.00

maiyude (64) · 6 years ago

The heroes of the steem are immortal.

$0.00

ocupation (68) · 6 years ago

Is this going to effect SMT development?

$0.00

smooth (70) · 6 years ago

Yes search for ned's other comments in this thread

$0.00

jamesbrown (62) · 6 years ago

Might be smart not to chase that carrot.

$0.00

amirl (63) · 6 years ago

A brave annoncement! The wind will turn around.

$0.00

socky (72) · 6 years ago

I think STEEM community missed a couple of huge opportunities here, but by no fault of our own. While Bitcoin and others dominated the market, STEEM could not get a foothold in the space since we lack presence on exchanges. I really wished that Steemit Inc would have been proactive at supporting exchanges and getting STEEM listed everywhere. STEEM is a better store of value, but doesn't trade with anything. We could have cleaned up when Bitcoin and others tank.

I also suggested how Steemit Inc could keep a stream of revenue while price is low all while increasing users, but that opportunity is gone as well.

$0.00

ssjsasha (67) · 6 years ago

so are we dead?

libert (63) · 6 years ago

Probably no. Witnesses keep the steem alive, I think

Posted using Partiko Android

$0.00

georgeknowsall (48) · 6 years ago

"Whoo-hoo-hoo, look who knows so much. It just so happens that your friend here is only MOSTLY dead. There's a big difference between mostly dead and all dead. Mostly dead is slightly alive." - Princess Bride

$0.00

socky (72) · 6 years ago (edited)

I can't predict the future. That is a question for witnesses as they are the ones that will run the STEEM nodes.

$0.00

markkujantunen (74) · 6 years ago

I've seen an announcement from one witness (nowhere near the top) in which he said he was going to quit for good at the end of the year. It doesn't take many witnesses to run the chain and we have survived a price level of $0.07 before. I don't think we're in mortal danger, yet. But we definitely need to get STEEM and SBD on more exchanges and also to look into earning ad revenue.

$0.00

rulesforrebels (61) · 6 years ago

Hey @ned here's the problem I see with Steemit. Steemit has become about networking and connecting with others, nothing wrong with that, its not good or bad but it's the reality.

The platform however is not condusive to being a networking site, the layout and interface is setup to be a blogging and content creation platform, yet blogging and content creation isn't really what's rewarded here.

I'm not a fan of Facebook but on Facebook I can join groups, I can privately message people, I can sell stuff, etc, etc, etc. Here on Steemit to message someone I have to leave a totally off topic comment on their recent blog post. Groups are essentially just using a specific hash tag, its just not a great UI or interface for what it's really about.

Because the only way to really earn on here is to create content the current setup is encouraging people to post very frequently or they aren't earning so this leads to low quality cellphone shots being posted instead of actual content.

In regards to the content on here it is IMHO a bit too crypto and steemit centric, however we do need more diverse content and there needs to be more incentive to create long form and quality content. I go on youtube and can go down a wormhole and spend 6 hours watching videos. Here on steemit i dont get that happening to me. I come over here to play the game upvote some stuff drop a few halfass comments and move on.

I think the search function is another big problem as well as the way content is organized. the few gems of good content on here are next to impossible to find with the current search function.

Overall this platform seems a skeleton of its former self. It used to be a strong community and really positive place, now its just...meh.

I know part of it is just that crypto markets are down and interest has faded but even on a new and growing platform like smoke.io i see a lot more community a lot more excitement alot more of what steemit used to be a year or two ago

$0.00

jondoe (84) · 6 years ago (edited)

That's not even true. The prices were lower before yet there was more of a community. Now, this is only a crypto faucet where people show up to get their daily reward.

$0.00

xcountytravelers (65) · 6 years ago

Thank you for letting us know. It is appreciated.

$0.00

rmach (68) · 6 years ago

Thanks for the transparency, @ned. It's much appreciated.
Business is business. There are good times and bad times.
Adjusts are needed from time to time.

You have a large ship to control and it's not an easy task. Fortunately to the community, you have been a good captain. (I believe that's what the majority thinks)

You have to take decisions like this one you just announced. I think it's bad news but it's not the end of the world. It's probably one more obstacle in our path towards better times.

However, everything has a context and there are not isolated or completely independent events. This announcement makes perfect sense in the times we live in cryptocurrency. But people are nervous for a while now. You don't need much to make people nervous. You make something normal that anyone else would do and people start to wonder why are you doing so.

During Steemfest, regular users like me, investors and devs mentioned the fact that you were powering down non stop. I would argue that each one does what he/she wants and that's it but it's obvious the captain's actions have repercussions.
Unless one is an insider or have a crystal ball, to mimic the leader seems an intelligent and safe approach. I started thinking what would happen if everyone (I mean everyone) followed your actions and power down whenever your are powering down. I didn't like the outcome of my though experiment.

Again, I think it was a good thing you shared the information with us. Transparency is key. Keep in touch and do what you have to do.
I like our ship very much.

RMach

$0.00

joeyarnoldvn (61) · 6 years ago

Agreed, this is not in isolation for those studying history, if you follow what the Federal Reserve has been doing the past few years and even a few times in 2018 alone, again and again, we can see what the Fed did, has been doing, which affects the Dollar which then affect Bitcoin which then affects other cryptocurrencies including Steem. Yeah, cryptocurrencies and blockchains seek to be independent from the Fed, from the Dollar, from central banks, etc, and we are working on that globally, but we need more time, a few more years maybe, and until then, we are held to the mercy of the Fed, of Rothschild, of those who has been influencing many things. So, I wish the best to Steem, Minds, Gab, alternative networks, Bitcoin, Bit Torrent, etc. May we all continue to do what we can each day to help in all of this before the year 2030 which is a scary year according to some people. So, we only have a few more years to get our act together before it is too late.

$0.00

siddartha (63) · 6 years ago

Thing that catches my eye is "70% layoffs"! Steps like these are last survival efforts. I mean if you couldn't evolve with 100% what are your chances with 30% people.
Anyways, what I am curious about is whether Steem blockchain and Steemit can run without Steem Inc. or not. Will it cause complete failures if Steemit Inc. is no more as a private organization. If answer is yes, then well it's a bit scary news.

$0.00

matthewwarn (70) · 6 years ago

^co-Founder

$0.00