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RE: Reflections on the Benefits and Growing Pains of Project Curie, Steem Guild, and Other Curation Projects on Steemit
Steemtrails may turn out to be a better solution... these are just a first step in that direction.
Steemtrails is another great experiment. We should embrace it as one possible approach but ultimately it is more important that we try different things, and also evolve as the platform and user base (and even the STEEM price) changes than get too tied to one particular strategy, and this includes my skepticism about the devs building their (current) vision of how curation guilds should work into the platform itself.
I think the issue with the low STEEM price can only be tackled if external investors are convinced to buy STEEM as a long-time investment and advertisement dollars are used to fuel the payouts for authors.
Although the 30day limit on payout really is bad. An author should earn for his post as long people are voting for it.
Maybe with the earnings of the advertisements Steemit Inc. will be able to afford to pay the 2 founders a decent salary so the founders don't have to sell their STEEM every week sending the STEEM price into a downward spiral.
This is just an observation but ned and dan were not able to explain why they won't stop selling their STEEM. If the 2 founders are selling their "shares" in STEEM this doesn't make me confident as a STEEM Investor. When I invested over 30 BTC into STEEM as an investment, nobody told me that the founders would be selling huge amounts of STEEM every week thus I lost 95% of my investment...
If I were one of the founders the first thing I would do is: Make a post writing something like: I am the founder of Steemit and I stopped powering down, I believe in my own site, my own product and I promise to not power-down for the next 2 years....
Anyway, I am in fulltime and 100% believe in the concept of token based economies. Will Steemit survive? Maybe, but I am betting my 30BTC + 3 month fulltime blogging on Steemit that STEEM will survive and disrupt the Social Media Area forever!
Yes, I agree. The more and different kinds of these things going on the more likely the best one rises to the top...
But we already lost all our users! Oh well let's get em back.
We will have another chance. They haven't done any major advertising yet and we are still in Beta... can you imagine what will happen when we do a hard launch with a massive advertising campaign? We will be in a much better position to retain many of those users...
Agreed . Get the kinks out now.
Agreed 100% :)
@jrcornel, I'm truly not picking on you, you just keep making points I want to address.
I've heard this argument a lot. That we are still in Beta.
I just can't accept that. You can put beta in the logo, but this train has left the station. How much more "beta" testing do we need? When will it be ready to launch?
I've seen startups fail for waiting too long to leave the starting block. We had all the momentum a couple months ago, and seemingly, it was wasted.
Further, how are they going to fund this massive advertising? The currency is so devalued now that it's going to be much harder to bite off that expense.
A lot of coins were sold from the 'steemit' so-called ninjamine account at much higher prices. Those funds are supposed to be used to support and grow the business. Even at devalued prices the coins still in that account have a theoretical value of something like $20 million (though a large portion of it, not all, is supposed to be given away to fund new user accounts). I have no visibility on whether that money will be used for advertising but it potentially could be.
I could not agree with you more on the beta tag being little more than lame excuse for anything that goes wrong or disappoints. It should have been removed long ago, probably July 4 when the payout system went live.
I don't feel that you are at all :) We all just want the same thing here... the success of steemit. Some of us just choose to see things in a little more positive light than others and that is fine... There is a big change coming to the site in 2 ways in the very near future. They are going to start allowing advertising on the site, the same way FB and the others make money. They are also going to be getting large guilds up and running, probably much larger than what we are doing currently. Those 2 things alone will dramatically change the site from where it is today... Lets talk again in 3 months shall we?! :)
When is the hard rollout? What is the game plan? Have they (Ned and Dan) announced it? Do they have one??? I think this is the reason their is very little general confidence in the platform right now.
I am sure they do. They have more to gain than almost anyone here :)