Is There Any Interest In Moving Steem Forward?steemCreated with Sketch.

in steem •  2 months ago 

This is a legitimate question that we have yet to see answered.

Obviously, many in the community chose to remain with Steem. This is led by the developers of a number of applications who are still tied to Steem. Many of them are stepping up by setting up Witness servers. This is being done in an effort to stabilize the blockchain that was spotty since the hard fork a week ago.

There is no way to dispute that a lot of talent decided to uproot over to Hive. We know there are many reasons for this which was discussed ad naseum.

Which brings us to today.


Source

What everyone wants to know is if there is a future for Steem?

Some believe there is while others are convinced that it is a "dead man" walking. Personally, I believe it is too early to answer this question.

Ultimately, the way Steem is presently structured, there is only one elephant that matters. Justin Sun has centralized the entire ecosystem. The ninja-mined stake was not only used for Witness voting but is also now being used to up and downvote content.

All of this, however, does not preclude Steem from success. We know the world is presently centralized so it is a model that might work. Obviously, this is of no interest to the hardcore crypto people but, for the masses, it might work.

Of course, there is the question of why even use a blockchain if something is centralized? Why not just set it up in a traditional database, which is a lot more efficient.

To me, the question is whether Sun is going to simply dump his STEEM to net a profit or if he cares about making a go of the ecosystem. This is the only reality that matters.

There is no doubt he has a lot of resources. This could certainly be used to Steem's advantage. However, if he is in for the quick profit at this point, none of that matters.

So, at the end of the day, is there any interest in moving Steem forward?

I do not believe anyone can answer this question at this point.

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We know the world is presently centralized so it is a model that might work. Obviously, this is of no interest to the hardcore crypto people but, for the masses, it might work.

Thats my bet! Look where we are

I agree, it's too early to tell.
I'm hanging around, trying to get informed and watching all of this unfold. I enjoy the tokens here on this platform

thanks for the post.

it's Saturday; so have a !BEER

Well, there's an interest in having the price move forward for sure...

Steem feels a little like a job or a gig right now, you don't necessarily love the people you are working for, but you love that they have a paycheck for you (in this case, in the form of STEEM that can be powered down) you don't give them your blood sweat and tears, but you give them enough to keep the paycheck coming meaning your work is still valuable to them.

Justin wanted users, he doesn't care which kind, he's got them.

If Steem gives you enough that you can compare it to a paycheck, then you have a completely different experience than mine.

If Steem gives you enough that you can compare it to a paycheck, then you have a completely different experience than mine.

I am powering down.

As a freelance writer, I piece my income together. Powering down gives me an income the size of a SMALL job. Big jobs, small jobs, I take them all.

So no, this won't give me a "full paycheck" but it will give me a piece of an income, and that is always welcome.

Of course there is a future for Steem.

Those who think it will go to zero are either arrogant or naive or both.

I don't pretend to know how Justin will move forward, but the whole drama is still pretty young and maybe with some de-escalation things can sort out.

It is highly likely with some time we will see a return of community elected witnesses and probably both projects will develop their own personality.

I'm not saying it is going to be great again, but also I am not saying it will not be.

Hotheads and money don't mix, in my mind there are 12 weeks left for people to calm down and come to their senses.

I think Steem will win in the end.

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Time will tell what's going to happen with the Steem platform. It's a great big unknown with Justin at the helm as we have seen so far. It sure will be interesting to see how this all plays out.

To me, the question is whether Sun is going to simply dump his STEEM to net a profit

He don't have that option anymore... I think.

I would not be surprised to see Sun sell his stake in one big lump ... which will bring SteemIt another glorious overlord. I will stay active on both SteemIt and Hive just to see what happens.

certainly, it is too early to tell, we have to see next moves to judge that, but time has to goes by, at least half a year to see where Steemit is heading

He could have dumped already if that was his plan. Now, if you mean run prices up and dump at higher prices, that is another question entirely. However, it's pretty clear he is not dumping ASAP like many seemed to claim he would. He could have already done a HF to instant power downs to select accounts only if he wanted, but he hasn't. Not saying I would buy into the FUD at the current price, but it's clear that the fears were already overblown. It all comes down to how much Sun wants to put into this to make steem go up.

All of this, however, does not preclude Steem from success. We know the world is presently centralized so it is a model that might work. Obviously, this is of no interest to the hardcore crypto people but, for the masses, it might work.

It's not at all clear to me that the "Justin = centralized, Hive = decentralized" story is the one that will stick. If Justin does decide to keep trying to make Steem work then presumably his perspective of what happened in the governance crisis could also survive, especially if he tries to spin it with something like a "Blockchain Bill of Rights" or something, like he was alluding to in that one town hall.

To me, the question is whether Sun is going to simply dump his STEEM to net a profit or if he cares about making a go of the ecosystem. This is the only reality that matters.

My guess is that it's more like getting out now is cutting his losses and avoiding further pain and the risk of negative press, putting in resources and developing things potentially gets a positive return in the medium or long term. I am skeptical he can make a profit by "dumping" in the short term, the price of the token isn't great now and it will probably collapse if he tries to sell so much at once, especially if people realized that Steemit Inc. was going out of business before he could unload all of it.

I am selling some of my steem just to cover some costs but will keep the majority of it as I think that the asian community is set to start being a more central part in steem and Hive will be more english spoken....

Lets see how it spins out, I have time to evaluate but am making some liquid in the mean time

I have noticed lots more posts that I simply cannot read.

Lots of people still cross posting too - wonder how long that will last.

It will combine and take the technology to make Tron a step further, to make it grow.

Agreed, Sun has presented no real roadmap, just empty words to buy more time.

I personally need a detailed summary of what he would like to accomplish, a timeline and how WE AS COMMUNITY can communicate ideas with him. Does he even want the Communities input? It doesn't seem that way up to this point.

That being said, I am not powering down and am still supporting a Curation Trail or two to continue earning for now.

Unfortunately, the place has seemed to have gone silent and I'm getting more interest and interaction on Hive and crickets here.

If the Community truly wants Steem to survive, they need to step up and support those still producing content over here or more will end up leaving.

It's not all on Sun's shoulders, the Community has to step up too.

It will be interesting to see if there actually will be a roadmap for the future... and moreover whether that roadmap will actually be shared with the community.

I would love to see some simple reforms to make the Steem Dollar stabilize to a dollar. Like a hard fork where the dollars stop getting printed long before the pegging mechanism is abandoned (which currently is 10% of money supply value). It would be good to see a parameter of say 5%, and if the money supply in dollars is 5% of the value, then new dollars are no longer printed. The dollars never get a chance to have the value of the USD because they are being created too fast.
The other idea is a parameter of some percentage above 1 USD worth of Steem as there is too much market spread to get people to convert the dollar when the dollar is above the 90 cent to a dollar range. This parameter could be set by witnesses with the price feed. These measures would give the Steem Dollar a chance to actually attain parity with the U.S. dollar. Wouldn't be nice to have something like Tether without Ethereum transaction fees?

I don't understand why everyone seems to be referring to Justin Sun as the new owner of Steem?

  1. Sun is owning more than 20% stake of total steem available.
  2. Sun is using this 20% stake +(Exchange steem) for voting for witness.
  3. Only top 20 witness hold power (out of top 100)
  4. Sun can vote for 30 witness (or anyone in steem.)
  5. So it become hard for anyone to become witness if you are not supporting Sun.
  6. All current witness (in top 20) are supporting Sun or getting support by sun.

What about the remaining 80% of the stake? How can 20% overtake 80%?

80% is total supply that is liquid,staked and residing in exchange.
Justin is able to collude with exchange too.(Exchanges powered up customer funds for Justin.).
Now whatever steem is now staked is divided on so many individuals and justin was having 20% own +Exchange fund.

Justin Sun earned his stake, and has every right to do what he feels with it. Those who created these circumstances should not complain now, because these issues existed before the TRON Foundation took interest in this blockchain. It is wrong to try to manipulate a community to financially exclude anyone because they have a large stake. If Steem witnesses did not want Whales having so much power, they should have done something about it when so many Steemians were complaining about it over the years; not months, years!

I was replying to "Why Justin is referred as Steem owner". Nothing about who is wrong or right.
If you dig deep, you will easily find why the witnesses do not have issues earlier with "ninja mined stake"
We can continue rest discussion on discord.

Oh, I certainly appreciate your insights! Sure, I have had a lot of people contact me and give me some really helpful information about this whole situation.

Oh, I certainly appreciate your insights! Sure, I have had a lot of people contact me and give me some really helpful information about this whole situation.

Whether one is looking for a short-term gain, or a long-term gain, the point is that one is looking for a gain. The way Steem has been treated until now, is to protect a long-term gain. Many of those who want to keep things the way they were, are people looking to maximize their investments, maintain their false sense of importance or feel a false sense of power. Where has the focus been, other than "what's my ROI?!"

If Justin Sun dumps his STEEM, fine; he has every right to do that. That's the world of business. But what if the TRON Foundation really wants to compete with Facebook and Reddit? The growth of Steemit has for too long been hindered by a group of financially-minded, and technologically minded people who simply wanted to keep things comfortable for their future ROI, instead of seeking advise from those who really understand human nature and social media, and how to really bring people together online.

it's a lot of work but I intend to be curating on both going forward

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