TLDR
- Will be shutting down Steemfiles it has become an economic white elephant: Votes used to cover the costs but sales were never enough and were more often people trying out the system.
Economic Failure
- Technically the site worked but economically it was a dependent on the Steem blockchain
- Barely breaking even before the last hard-fork. Now Steemfiles is just a dead weight. It is time to cut my losses
- An activity that constantly loses money is a hobby. An activity that constantly earns money is a business. Steemfiles is the former.
Educational Success
- I gained experience using angular and interacting with RPC nodes in Javascript and Beem.
Lessons Learned
- Never trust any instrument to maintain parity with the dollar except for the dollar. Ahem... nubits and steem dollar.
- People will shamelessly upload things they don't own or otherwise abuse the system with files they cannot sell
Also posted under leprechaun. I do control both accounts.
Dash XjzjT4mr4f7T3E8G9jQQzozTgA2J1ehMkV
LTC LLXj1ZPQPaBA1LFtoU1Gkvu5ZrxYzeLGKt
BitcoinCash 1KVqnW7wZwn2cWbrXmSxsrzqYVC5Wj836u
Bitcoin 1Q1WX5gVPKxJKoQXF6pNNZmstWLR87ityw (too expensive to use for tips)
See also
Get some Swift with an ad free faucet: https://www.swiftdemand.com/?referred_by=leprechaun
@steemfiles I watched this tool closely in order to start using it but noticed similar issues you just addressed in the post where it was a bit questionable if file was owned by up-loader and slow traffic.
Are you working on any other tools?
Thank you for giving us this tool as i believed it was a great idea. Cheers
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Thank you for these kinds words. If you are providing a service and people can benefit from paying you over a the Internet somehow, there is a service I can offer you.
With cryptocurrency the biggest problem is either the fee, the volatility or the need to have an account. At least one of these we get.
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I do agree.
Cheers
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Congratulations @steemfiles! You received a personal award!
Click here to view your Board of Honor
Do not miss the last post from @steemitboard:
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