RE: Just a Thought - Nothing "At" Stake
I still maintain that our pilot app (blogging) will be mocked in five years as the sad thing that no one really does anymore because there are so many more interesting things to be doing on the blockchain.
If we want content to improve we shouldn't be looking to hard fork into oblivion and shatter the foundation we have in an attempt to punish bad content.
This really feels like a bottom-up solution that still ends up punishing the little guy. How will this implementation change whale behavior? One thing is certain: whales aren't buying what we are selling.
If poor content is the problem we should be asking ourselves this: How valuable is blogging? In my opinion: not very. Steem blogging could be a Mecca of professional-grade genius, but that still wouldn't be very valuable.
The true value of this platform lies in the other proof-of-brain activities that don't exist yet.
I wouldn't hard fork into oblivion, I would pour a new foundation in terms of censorship resistant information publishing. I don't believe in Steem as money anymore. It is simply a social game with different groups looking for different things. It will always have representational value in terms of the game, but I can't support the notation that it's a good investment and preach about Steem's bright future when I don't see the development to back up these grand projections.
But maybe I hold this view because I have nothing to lose. I've never invested a single dollar into Steem. I might possess the token, but I never sacrificed anything to get where I am. I have no emotional attachment to my magical internet token. It might have paper value, but to be honest, it's how I keep score.
As we move into the next phase of the game, we'll see whether or not the bulls run again. It will be interesting to see how optimistic the preachers will remain in the next phase if the bulls stay quiet. Steemit, Inc. is basically a shell of itself and I don't see a strong movement to fill that void.
How does the world end again? Not with a bang, but a whimper. Yeah, I think that is how it goes.
Of course I could be wrong, look foolish, and have lots of money. I wouldn't mind that, but I'm not going to put any faith in it.
Fair enough, maybe my faith is misplaced. I just don't really see any kind of superior alternatives. I think we have to assume decentralized development of a new technology is going to take a long time to figure out.