XSteem proposal

I am sure that Steemit Inc will gave as a proper exchange at the time of the release of the Smart Media Tokens (SMTs). I upvoted this blog post with 100% (currently worth $0.009) as a minnow to support you, because you are a developer, the creator of eSteem (one of my favorite Steem blockchain interfaces/projects) and a Steem witness (it is a good thing that many other people are also upvoting you), but I am not sure whether I will approve this proposal or not. I agree with @waleedtee, and I think that the Steem blockchain developers should focus on other, more important things. Not necessarily on bringing in more users, but to bring back the old users, who left the blockchain. To improve the currently (very) bad user retention of the Steem blockchain. An open source exchange software will not do (neither of) that.

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good-karma (76) · 5 years ago (edited)

Bringing back the old users is bringing in more new users. User Retention is matter of proper balanced incentive. We will have SMTs in few month and without exchange or management of SMT tokens and bootstrapping community tokens, excitement SMT brings will be short lived. So we hope to elevate or help with creating thriving tokenization with exchange and management tools both for web and mobile users. Of course, it is your choice to approve or not, your vote matters regardless!

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xplosive (62) · 5 years ago

I approved the XSteem proposal.

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lordbutterfly (70) · 5 years ago (edited)

Id like to hear some feedback from other devs regarding this before deciding to vote.
Decentralized exchanges are notorious for their poor volume. Weve seen others attempt to bring exchanges with STEEM main pairs to the community with little success. Why would this be different?

What benefit would this provide to STEEM to justify giving your team almost 1/2 of the total SPS daily funds?

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2 votes

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good-karma (76) · 5 years ago

It is not about building one DEX but building infrastructure to allow anyone to build one based on source code. When SMT is out, there won’t be direct listing of new tokens on centralized exchanges so users/traders will have a choice

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lordbutterfly (70) · 5 years ago

Im pretty sure Steemit.inc said that they will be releasing a SMT market.
Maybe not at first but down the line definitely.

The question i always ask myself when considering supporting a project is:
"Is there a purpose to it? Will it provide value beyond what we have now?"

If steemit.inc creates a smt market there is no purpose to this.

Is there something we dont have that we could use and would add great value?
A Steem (Brave type) browser comes to mind.
Things like that...
Right now i dont see your request justifying the SBD you would need.

Posted using Partiko Android

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good-karma (76) · 5 years ago

You can of course ask Steemit Inc. and know for sure instead of if. Brave type browser, seem like Surfer, no? Anyway, thanks for feedback and your opinion!

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ahmadmanga (65) · 5 years ago

I think Brave is very different than eSteem Surfer... Brave works like any browser but with "normal" ads disabled. The ads shown are supported by the browser and give the users special token when viewed.

A STEEM Brave-like browser will offer that functionality but with STEEM as a token.

At least in theory... What do you think?

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good-karma (76) · 5 years ago

Brave uses tipping economy and steem slightly different than that. But in theory it might work...

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dakeshi (68) · 5 years ago

great, what kinds of trading pairs will you support in DEX?

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1 vote

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good-karma (76) · 5 years ago

Until SMT is out we will build foundation and have STEEM and SBD to trade and if we will have SMT testnet, we can even try testing other pairs

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onealfa (74) · 5 years ago

DEX? Did anyone said DEX ?

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trendo.marketing (0) · 5 years ago

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Reveal Comment

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trendotoken (59) · 5 years ago

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yousafharoonkhan (75) · 5 years ago

😍💰🎖

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xmauron3 (58) · 5 years ago

Super cool.... always good to see innovation like that

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qwerrie (72) · 5 years ago

approved.

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good-karma (76) · 5 years ago

Thanks mate! 👍

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ervin-lemark (71) · 5 years ago

Sorry that I am late yet ... supported!

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sabari18 (68) · 5 years ago

nice to see things in its right way, carefully and steadily, we trust in you. good luck.👍

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brianphobos (70) · 5 years ago

Approved! You and the rest of the eSteem team are top notch! Always improving and one of the most trusted Witness / Development teams in the entire blockchain space. I don't just say that lightly! You guys are the real deal!

I really hope you are able to get this funded!

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good-karma (76) · 5 years ago

Thank you Brian for support! 🙏

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1 vote

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pham20664 (25) · 5 years ago

Wow, amazing!

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c21c (59) · 5 years ago

Hi, can I ask u is it possible to translate your application in Ukrainian language, I can help u for free😊

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good-karma (76) · 5 years ago

Hi,
If you mean helping translation of eSteem, Surfer and Mobile. Yes we have crowdin for both projects, feel free to check and contribute!

https://crowdin.com/project/esteem-mobile
https://crowdin.com/project/esteem-surfer

Thank you for your support! Once you contribute, you can make a post and share it with us. 😉

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c21c (59) · 5 years ago

so for eSteem-Surfer Ukrainian 100% done😍
and this week I will make for eSteem-Mobile. I hope😅

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1 vote

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good-karma (76) · 5 years ago

We are working on v2.2.3 release, we will make sure to include translation updates! Thank you!

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1 vote

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c21c (59) · 5 years ago

I'm sorry for I text here. but I did mobile translation 100%😅

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1 vote

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c21c (59) · 5 years ago

thx👍🏻

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jpphotography (70) · 5 years ago

10k monthly is a lot. What will happen to the profits from running the exchange (fees)? For that amount of funding I would expect them to be burned

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good-karma (76) · 5 years ago

There won’t be fees that’s the point of proposal, it won’t be for profit. With source code is open anyone can replicate or start their own version of exchange. For profit entities could start their own version with added benefits if necessary.

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jpphotography (70) · 5 years ago

Ok. I like the open source part, but it doesn't sound like you have any business model behind it, so all funding would have to come from the SPS, forever?

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good-karma (76) · 5 years ago

It is for 6 months to deliver foundation of the project. If there is business model behind it then project shouldn't be funded via SPS. In my opinion, SPS is not built for funding for profit businesses. For profit businesses/projects should be funded from their profits. If there is business model or fees, why would you support it?

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2 votes

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jpphotography (70) · 5 years ago

But if there is no business model, you either need to fund running costs for servers, support, maintenance/development and possibly security audits and legal stuff from the SPS forever, or you don't run the exchange at all, in which case either the code is abandoned after 6 months or another party runs an exchange, and they would need to fund their costs as well, probably with the aim of being profitable.
Does developing a DEX require changes to the Blockchain itself that you will do and if yes how is that aligned with Steemit Inc's plan for an SMT dex (if there are such plans)?

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good-karma (76) · 5 years ago (edited)

This proposal is for developing toolset and opensource software. So potentially anyone could host and run on their server and start instance of it. Proposal is for developing not for sustaining, that's why we mentioned that after 6 month we will re-evaluate further development of the project. If community wants fee based model or some other type of model, it will be evaluated in due course of time. I am not aware of anyone working on SMT dex. Steemit Inc might have plans but I am quite confident they will be focusing on communities feature and front-end. Even if they get done communities UI in very short time, they might still choose to work on other things or their mobile app, etc. because steemit is social app (property of Steemit Inc.) not an exchange (dex).

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jpphotography (70) · 5 years ago

If Steemit Inc is not working on an SMT dex, this proposal is certainly worth being funded through the SPS, but you should check with them first

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good-karma (76) · 5 years ago (edited)

Every stake holder can/should find out for themselves, if it takes less time and funds for Steemit to build it, what feature sets will be part of it. Because ultimately it is their vote, I did ask Steemit, so we will see.

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martie7 (62) · 5 years ago

Proposal from eSteem team to develop and deliver open source, fully-fledged exchange software.

What about steem-engine?

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good-karma (76) · 5 years ago

Unfortunately, I don't know their plans...

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deepwaters (55) · 5 years ago

I was about to comment doubting if this was an apporpiate amount of allocations. Then I noticed the author and recognized the experience. Still though, the mobile apps seems to take more time and resources than calculated.

Mobile app with steemconnect support (35% of funds)

Is there a way that private investors could fund this idea?
I think an Exchange built around the Steem network would be very useful. It would be a "thermostat instead of thermometer" move.

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good-karma (76) · 5 years ago (edited)

Mobile app development indeed takes most of our resources but every exchange should have mobile app without it, you are limiting exposure from billion of users with mobile phone. That's why we mentioned that we will re-evaluate after 6 months.

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deepwaters (55) · 5 years ago

I completely agree that the mobile app is a must.
I am really interested in this project and look forward to seeing the development.
Your commitment to the Steem blockchain is priceless.

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good-karma (76) · 5 years ago

🙏 👍

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eirik (69) · 5 years ago (edited)

Why not join the forces with the Steem-Engine team and help them out instead? They have the users and just need better UI/UX. I think it would be better than creating something completely new.

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good-karma (76) · 5 years ago (edited)

Steem-Engine relies on its own structure, it is 2nd layer. With XSteem we want to basically build more featured and traders focused version of https://steemit.com/market with flexibility to support SMTs.

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teamhumble (74) · 5 years ago

voted.

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good-karma (76) · 5 years ago

Thanks mate!

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teamhumble (74) · 5 years ago

welcome. i always get behind good people doing good things. you seem like a good guy, with good ethics.

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cryptorg (60) · 5 years ago

One proposal that we were all waiting for which have adhered the eSteem platform for quite some time. There starting to be quite many options for similar apps in the Steem space, but I must say that eSteem for me beats the other through the usability and advanced features it offers. And pretty much the layout is great to use, even if there are some other features that need to be added and which are already in the road map.

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stranger27 (61) · 5 years ago

Approved, of course!

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soyrosa (74) · 5 years ago

Your work on eSteem (app + search) shows how you're able to develop well-functioning products that are also pleasant to use and look at, something not all apps on Steem have achieved so far. Also love that the fundings will be for open source work.

Thanks for creating this proposal, will approve it while keeping an eye on what others say for/against it :-)

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good-karma (76) · 5 years ago

Thanks @soyrosa for support!

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engrsayful (79) · 5 years ago

Good initiative. Much Love for @esteemapp team.
Can't approve. Showing links broken

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good-karma (76) · 5 years ago

Have you tried Steemconnect? You can try steempeak or soon with Surfer we will have SPS in upcoming release

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engrsayful (79) · 5 years ago

Tried with steemconnect, but couldn't

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good-karma (76) · 5 years ago

By the way, you need active private key!

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ninahaskin (67) · 5 years ago

Approved with no hesitation!🙂

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good-karma (76) · 5 years ago

Thanks Nina! 🤗

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ninahaskin (67) · 5 years ago

You're welcome!💯

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steevc (73) · 5 years ago

You have the skills to do this. I wish you luck with it.

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good-karma (76) · 5 years ago

Thank you Steve!

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evanpetzer (55) · 5 years ago

This is exciting news... I also think it is great signs that the future of Steem is secure in the hands of innovative developers. Do you thinks Steem could be one of the largest competitors in the field of social media?

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good-karma (76) · 5 years ago

Yes, with proper incentives and aligned user expectations, of course better frontends, it will be. We at eSteem doing our best to bring innovation in all aspects, UI, mobile, desktop, web and soon onboarding, etc.

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evanpetzer (55) · 5 years ago

That is great, look forward to it.

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seckorama (68) · 5 years ago

This is the right direction. Soon will be a bunch of SMTs around and users will have ready solution to trade and exchange them. As I understand will be similar like steem-engine exchange.
It would be great if we could exchange their tokens, also.

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good-karma (76) · 5 years ago

Since XSteem will be opensource, anyone could potentially do PR and add support for SE.

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dgbtech (49) · 5 years ago

I will support this project because without a DEX in Steem, SMT projects will find their token difficult to trade elsewhere. We have to think ahead. eSteem team are skilled to build it.

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good-karma (76) · 5 years ago

Thanks!

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coolguy222 (68) · 5 years ago

Approved.
Good work team.

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oscarps (70) · 5 years ago

Approved @good-karma

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good-karma (76) · 5 years ago

Thanks for support!

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olga.maslievich (74) · 5 years ago (edited)

Hi friend @good-karma! I have been using program esteem for a long time to work with you and especially after the Festivals in Krakow where I met you personally.
After the last update of the program, the last two posts not received a vote. Maybe now I have new requirements and I don't know about it?

https://steemit.com/wednesdaywalk/@olga.maslievich/dog-on-high-fence-and-walk-along-the-street-of-contrasts

Please explain to me what I need to do to get a vote and the percentage will up?

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darmianto5 (59) · 5 years ago

Amazing friends. And @good_karma me like it esteem

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melinda010100 (73) · 5 years ago

Do I vote if I use a proxy? Or does my proxy vote count for me?

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inertia (73) · 5 years ago

Can I set a 'proxy' to vote on proposals on my behalf?

Yes you can and it is the SAME proxy that is used for witness voting. There is no way to separate them.

Can I still vote if I have a proxy?

Yes but your vote will not count if you have a proxy. You will add a vote but nothing to the value. You must remove proxy for the vote to have value.

See FAQ section on: https://steempeak.com/proposals

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melinda010100 (73) · 5 years ago

Thanks for the response, @inertia.
I'm good with my proxy's choice! 👍

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ahmadmanga (65) · 5 years ago

Thanks for the quote. Didn't know that.

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trendovoter (41) · 5 years ago

Congratulations @trendo.marketing, 100% upvote has been shared with your successful call on the post that shared by @good-karma!

^{Support @trendotoken projects by delegating : 100SP , 200SP , 500SP , 1000SP , 2000SP}

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naythan (63) · 5 years ago

Approved !

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good-karma (76) · 5 years ago

Thanks for support mate!

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ismhd (35) · 5 years ago

I am new to eSteem environment.

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riczuniform (56) · 5 years ago

Good morning sir

Thank you vote me

Sukses for esteem

Posted using Partiko Android

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bahagia-arbi (67) · 5 years ago

I hope this proposal could be something better for oir community. Keep up your best move..!
Regards from Indonesia.

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ahmadmanga (65) · 5 years ago

Always a delight to see future projects by eSteem creator. Though I'm not sure if a new exchange is needed for STEEM.

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osakaghoul (65) · 5 years ago

Sounds like a good concept to me, Need more DEX's in general

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cryptonia (60) · 5 years ago

This is a nice feature added by steem.

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sofiripepple (42) · 5 years ago

Well until it's fully implemented that's when we'll fully understand this

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ddn688 (56) · 5 years ago

This team is great

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mahbub99 (46) · 5 years ago

Wow great work and great team.

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tytran (54) · 5 years ago

hey will this also have steem-engine tokens? Why not? :)

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good-karma (76) · 5 years ago

Yes, it is one of the bonus features if we finish tasks at hand. Check here for details. https://esteem.app/xsteem/@good-karma/xsteem-proposal-details

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1 vote

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foxkoit (70) · 5 years ago

If anything, I would think, I'd like to see how your app or Surfer will be able to also take a direct BTC or ETH in to wallet. Which would allow me to spend fast this coins here too or hold. I don't see any app here doing it in steemit in this way.
I be very happy when I go in Esteem wallet and I can hold there BTC and ETH also ... what I can fast use to Boost or promo my posts. Or use this two coins fast to get SP more what can also Boost all steem up in long run.

I hope it is ok what I say, I can think lot. :) @good-karma