Curation Won't Grow STEEM Like Commerce Will
No, I wasn't happy to see the reemergence of what is being dubbed the economic improvement proposal. That's the one with the three-pronged approach of 50/50 author/creator split, a change to a convergence linear curve, and a brand new pool for limited (at least that's the last I've heard) downvotes.

I expressed my opinion that I didn't think it was going to do what the proponents think it will do, and I read many others express similar doubts. I saw the rebuttals. I saw some comments by Steemit Inc people suggesting that the proposal post was more a discussion, a gauging of interest.
Now, though, it seems like in the short period since the steemitblog post that the EIP is more or less a done deal, so much so, that it very likely will be a part of Hardfork 21, the one that was only going to be for the worker proposal designed by blocktrades with help by Steemit.
I've seen the posts that have followed, some in favor, many not, and a few not so thrilled with the idea, but figuring any change could be better than what we have.
Well, so be it.
Last week I published a post about how STEEM is not a social media platform. It's so much more than that, if we only let it.
So far, it sounds like most, including some Big Fish, would rather be more concerned about inflation allocation and the reward pool than realizing STEEM's full potential.
Again, so be it.
It might take some doing, but I don't want to be stuck with the limits of diminishing inflation, or the divvying up of the reward pool. I want to look at the whole of STEEM and see something that could have more capitalization than even Bitcoin. I think I might actually have a pretty big idea for commerce here (something I've thought on and off about for the better part of 10 years, and not had a good way to implement it, until STEEM). Obviously, it's not big instantaneously—the idea only grows as fast as users, businesses, entire industries can be onboarded and integrated.
But that's just it.
Even after a hardfork dubbed Velocity (HF 20), onboarding is not pouring in. There's a number of reasons for that, no doubt, and maybe in some ways it's okay there isn't a floodgate opened. However, if really all we have here to offer people are versions of already existing social media platforms, and a few games and some gambling sites, then we're just going to keep burning through users like we are now.
It doesn't take funding dApp development, SMTs or communities to get STEEM going. It only takes the ability to open an account in a timely manner to accept and use STEEM as payment. It only takes creating jobs that pay in STEEM, and having more goods and services to pay for in STEEM.
I say "it only takes" knowing full well that all of that might be in some ways easier said than done. It's going to take some realigning of thinking. We all need to get past the idea of fiat, or what our wallets are worth in our native currencies, and start thinking about things in terms of STEEM. Especially when STEEM is underperforming and could be worth a lot more in the near future (not necessarily in a couple of months, or by this time next year, but within five years).
That's another thing. We need to be thinking the long game. Not just in terms of investing, either, but in how we're going to pack major industries onto the blockchain. Do we have the ability to do that now? Will witness servers hold under the strain of hundreds of millions of transactions a day or more? Do we have that kind of speed and scalability?
I'm here to create. That's what I want to do. But that doesn't mean posting and working through the seven day convoluted payout system. It means digital downloads paid in STEEM. It means subscriptions paid in STEEM.
Others might have other ideas.
So, Big Fish, get your curation rewards if you must. But you'll be Big Fish in a small pond if you don't look beyond the social corner of STEEM. Maybe that's what all of this is meant to do. Eventually. May I wholly and utterly be proven wrong. It won't be the first time, and it won't be the last. I'll be happy along with everyone else if this fiddling around the edges actually amounts to something worthwhile this time.
I'm still going to be pushing for more commerce, and figuring out how I can contribute in that way. I've got a ways to go, though. Some others might be closer. Does someone have the confidence in STEEM to take the next step? Not because of what I say, but because of what is here, and what could be here?
I hope so.
Onward and upward.
Image source—Pixabay. Modified by Glen Anthony Albrethsen.
You hit it right on the money. Curation is all well and good, but that's only a part of the blockchain todaty.
STEEM is no longer just a blockchain aimed at the digital content business, which it was initially designed to disrupt. In a way, it has become more than that. Thanks to developments like Splinterlands and the other games based on STEEM, it is now also a gaming blockchain. And with Steem-Engine, it has also added a decentralized exchange aspect to it. (Ironic that both developments came from the same group of individuals.)
It's all about perspective, I guess. And by that, I mean we need to start looking at STEEM as part of the larger economy where regular money is still in use, and where people who have no idea about blockchain and cryptocurrency exist. So, alongside all these economic improvement proposals aimed at curation and content should be efforts to make it easier for everyone else to use the STEEM blockchain for things that have nothing to do with curation or content.
And, as you pointed out, these other things mostly revolve around commerce. Efforts that make it easier to open and use accounts, trade STEEM into fiat and other cryptocurrencies, send STEEM to individuals without a STEEM account (i.e. something that would automatically convert STEEM into another currency so a STEEM user can work with non-STEEM users and vice versa).
Don't get me wrong. I like that they are continuously trying to improve the curation system to make it as "fair" as possible to as many stakeholders. But, is that really the most pressing agenda for the blockchain, at the moment?
Hey, @cryptocopy.
Thank you for sharing your thoughts. We're pretty much aligned as far as our thought processes go. :)
There are definitely some non-social media stuff happening here, and I think that's good. Diversification in the kinds of things one can spend their time here doing is helpful. There's been attempts at stores and other things that have not quite made it off the ground, and that's too bad because those are fairly low level entry points and some of the first things that internet 1.0 was able to incorporate.
So, we are definitely starting to see some things.
And I really like the idea of some kind of mechanism for converting STEEM into any fiat and cryptocurrency automatically. I like the idea of the vice versa even better. :)
I've seen some of the stores you've mentioned. It's really too bad they haven't caught on, yet. It could be a great way to help people in the blockchain build a thriving business using STEEM. I mean, imagine if SteemGigs or another similar website/service got mainstream recognition. Right now, though, most products or services being sold using STEEM are just for blockchain-related projects, which is still a pretty small space.
And yeah, it would be nice to be able to exchange fiat for STEEM without jumping through too many hoops, every time.
Yeah I think for a cryptocurrency to survive/thrive it needs utility. You need to be able to buy and sell things with it. I've recently created a services marketplace - @steemtaskr - which allows steemians to earn steem/sbd doing tasks for others. We need more of these types of services.
Hey, @revo.
Congratulations on getting @steemtaskr up and running. I wish you success and those who participate in it.
I think it would be great if there were more opportunities to do some kind of work and earn in STEEM/SBD. There is an amazing amount of talent and experience that's just sitting here because it's not necessarily geared towards development or creating/curating.
There does need to be ways to put more of all of our abilities to use, as well as be able to buy goods and services with what we earn.
Howdy sir Glen! what is your idea for commece?
I just heard about Palnet today and that many steemians were flocking to it, do you know what that is?
Hey, @janton.
The idea about commerce that I mentioned in the post is something I'd rather not divulge yet, until I have a few more pieces in place. It's not really a new concept (it's been done on smaller scales before), but I think if it were executed correctly, it could become a very big deal.
I do have the hope of one day getting my digital comic books and regular fiction available for download. Need to work on all of that, too.
Palnet is basically a Steemit clone (it looks exactly the same) with its own token (PAL) sitting on top of STEEM. I guess the STEEM-Engine folks have built another app called Nitrous that allows you to put together a Steemit clone along with your own token, which I believe means you need to use SCOT. It's still a bit over my head, but basically, people have set up their own rules to govern PALnet, and I people have been posting from there. You can earn PAL and STEEM at the same time.
I've posted once from it this morning, but so far, there's not been any PAL upvotes.
Howdy again sir Glen! well, is there anyone you can give the commerce idea to that will take it under serious consideration, some leader?
Well, this Palnet thing, what is the advantage of using it? Just to get Pal tokens? There are so many apps out there already, I can't even keep track of them.
No one I've seen yet. I was thinking though I wouldn't mind talking to some of us 'older' folk and see what they thought. At any rate, I need to keep working on it.
If there is an advantage, it's in the rules Palnet is set up on. There are certain things that can be done and others that can't. It's like making the changes people want without the hardfork. Or, at least that's how I'm understanding it. So, it's not like just another app. It's like STEEM, but with a different set of rules. I haven't read the white paper yet to see what's allowed and what's not, or whether it will make any difference.
Howdy today sir Glen! I missed this reply of yours last night. But the commerce thing sure sounds interesting, I hope you have time to keep working on it.
As far as Palnet, you don't use Steem and you don't earn any Steem? I understand the appeal of course, if they take out all the stupid features that steemit has like being able to hurt people by downvoting them and flagging and such, but what good is it if the token isn't worth anything?
No, you earn STEEM, but you also might earn PAL. The one post I've done so far did not earn any PAL yet, but the post shows up both on PAL and STEEM, so yes, you earn STEEM (if you were doing that before, it's basically the same), with the chance of earning PAL, however that works. I'm not sure if the reward pool set up is the same, or what. It actually says PAL where the upvote amount is. I'll eventually get over to the white paper. :)
Howdy tonight sir Glen! did you do a post about this yet or are you going to if it looks promising?
I haven't posted about PALnet, no. I don't have a reason to, yet. Aside from maybe making some PAL, I haven't noticed the differences between here and there yet to know if it's that big of deal or not.
The voice of reason as always. I guess one other thing to battle (and this comes with the mindset of Steem v local currency) is the belief (hope?) that Steem will moon again and surpass that all time high. As such, users want to hold on to it rather than spend it when the price is low.
Hey, @sparkesy43.
Yeah. It's definitely not easy, and I keep finding myself caught in that mindset even as I'm trying to haul myself out of it.
Unfortunately, unless we manage to change that mindset, crypto is never going to become more than an investment, and one that is more speculative in nature if it doesn't produce anything. Or STEEM won't, because some other cryptocurrency will come along and finally figure it out.
The burning down of the old ways and financial institutions won't happen—rather crypto will be subsumed and controlled by the same entities controlling what currently exists.
It seems to me that account creation, speedy account creation, could be implemented by any large SP holder. Heck, with a meager 5000sp, one can create an account every 4 days or so. If we all onboarded our friends... but alas, getting our friends to join is more difficult than it should be because steem doesn't seem like something -- Oh, I'm tired just thinking about it.
It's easy to go around in circles, isn't it, @improv?
I've looked at use cases for other cryptos and it's not like they're burning it up with diversity. EOS might, but so far it's not. Many of the rest were designed around some financial aspect—and compete with others in some fashion. But Steem can do things like that, too, we just don't talk about it. We get wrapped up in social media development and how to carve up the reward pool instead. :)
And that's why STEEM doesn't sound serious. If all we're doing is emphasizing the social side, regardless of how much we know about and dislike facebook, twitter, etc., they do everything they do better. And hundreds of millions participate in some form of social media, which means its not that special or difficult or valuable to folks.
So, we can't seem to get to cutting edge to offer something better than the centralized, data mining social media because it's too hard to do on a decentralized platform, from what I keep hearing, and hardly anyone has funding, so they keep trying for delegations, and so things just keep going around and around.
But that didn't stop Splinterlands. I don't know. I'm moving on from the worthless merry-go-round of what I keep hearing are impossible to solve problems. Doesn't make any sense to keep doing it.
Were I interested in starting a small business, I think Steem, the platform, and the chain would help me. (see my most recent post)
Excellent review @glenalbrethsen and of course we have long difficulties in our ecosystem, but I want to believe in Steem and its better future!
Hey, @serkagan.
The tools are there. We just need to pick them up and use them. A few are. More need to follow their lead.
One thing I have always believe is that the 50/50 reward will not work. The aspect of that downvote pool, I believe it will be misuse and abuse than imagine
You and I agree, @adenijiadeshina. Unfortunately, the argument has been framed into it's broken, we need to fix it. And we can't do it any other way than implementing it so we can see what it does.
I wonder how many businesses would be out of business if all they did was throw out ideas into the marketplace without any testing or knowing how things were going to work, especially if they were dragging their loyal customers along for the ride who had a vested interest in their products or services.
I don't know. It's time for me to move on from the battle over curation, inflation and reward pool. It's not the whole picture. There's so much more out there to make and create.
No matter the change, you will have poeple not happy. At least we need to do something. :)
Posted using Partiko Android
Hey, @chesatochi.
That's definitely the mindset. We need to do something, so let's do something. And it is true, no matter what, some will be happy with change and others will not.
As I've said, I'm hoping (against hope at this point) that I will be wrong (and many others, too, I guess) and that this will actually do what proponents say it will do, instead of only entrenching the status quo more. I don't think the latter would be better for STEEM, so now that the debate is over, let's see what it's going to do.
I've been away from this madhouse for a month...
You might like this that I have brewing right now...Maybe for steemit, maybe not - at this stage...
But you are correct in what you say in your post. If we can't build business without an eye on speculation and steem price, it ain't gonna work.
https://steemit.com/life/@lucylin/why-i-m-here-and-welcome-to-my-back-yard
Hey, @lucylin.
I guess people are using bitcoin and maybe ether for purchases in different places, and because of the fluctuations in actual fiat, I figure they must have some kind of way of keeping track of what something should really cost, so STEEM should be okay knocking around $0.40.
Regardless, this messing around with the reward pool is getting old so I'm all for something else that can't really be touched or gamed by those who don't seem to want to do anything but grab and grab. I will still post, but it's way past clear that this is not where the growth is going to be.
Great attitude my friend! I am very divided as well and my only ask is that the witnesses remain transparent and guide us in the process so that we may also adjust. I will also continue to strive to add value to the ecosystem beyond my own account which is the key of the long term success of the community.
Posted using Partiko iOS
Hey, @newageinv.
That's the spirit! Adding value beyond your own account. May we all strive to do that. :)
I'm not sure what the witnesses are doing or not doing. I don't know that I've seen the transparency from them. I've read a couple of posts, one from a Top 20 witness, the other from a lower level one, and the former says it's not what they want, but it's better than nothing, and the other won't update, even though it means basically they won't be a witness anymore.
Hardly ringing endorsements from those two. Maybe that counts as transparency, particularly the latter. I don't know. I guess we'll see.