Dear Steemians,
Steemit, Inc. is currently undergoing a structural reorganization which I believe is important to share with the community. Steemit Inc., is a private company that runs the open-source steemit.com, a decentralized app on the Steem blockchain. Steemit Inc., also uses some of its resources and engineers to contribute code updates to the Steem blockchain. In addition, we provide APIs to third party developers at our own expense to help grow the developer ecosystem.
Given the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes, we have been forced to layoff close to 70% of the team. The remainder of the team is staying on to focus primarily on reducing the costs of the infrastructure running steemit.com and our public APIs, and ensuring that the community can remain informed of developments.
We have conducted our first all-hands meeting and are prioritizing all the cost reduction solutions we can accomplish in the near term, including replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies.
We still believe that Steem can be by far the best, and lowest cost, blockchain protocol for applications and that the improvements that will result from this new direction will make it far better for application sustainability. However, in order to ensure that we can continue to improve Steem, we need to first get costs under control to remain economically sustainable. There’s nothing that I want more now than to survive, to keep steemit.com operating, and keep the mission alive, to make great communities.
There are two reasons I’m in cryptocurrency: first, I came in because I believed in the potential of cryptocurrency to give us greater freedom through unrestricted value transfer, value store and all the financial tools that come along with that, which can empower us like few technological innovations have. The second reason I stay in cryptocurrency, is because it has the potential to spawn the next killer application that can rival the Instagrams and Reddits of the world, and that fuels the mission to make great communities, which need unrestricted access to financial tools.
Over the last many months, along with a hyper-talented team, I have gone back to the drawing board and figured out the remaining challenges that are acting as barriers in the way of that killer application and making great communities. In that time we have created many assets that will help us accomplish this mission. Over the next several weeks, despite our course for bringing these products to the world being changed, I hope to share the assets we have created with you, including showing you how their success would be a benefit to Steem and cryptocurrency in general.
I would like to thank all of our employees and contractors for their months and years of dedication and hard work. It is incredibly difficult to part with these great people who I have gotten to know well and respect. I am deeply grateful to the many contributions to our mission. In order to minimize the impact on these people, we are doing as much as we can to smooth their employment transitions. Everyone who has assisted us are outstanding individuals that any organization would be lucky to have.
Best regards,
Ned Scott
Founder and CEO of Steemit, Inc
Have you guys thought much about leveraging a more decentralized back-end? I recently launched a full node, and have been talking a lot about the decentralization of APIs with people. Notably, my node is quite underutilized -- I'd be happy to help by drawing some traffic.
On a bigger scale, I feel like if we convince witnesses to offer more API support, we could extend this to a fully decentralized scale. I'm sure many other witnesses would be on board providing Devops and infrastructure. We'd need to improve things like jussi, and get some better lines of communication with whomever is currently doing devops for Steemit, but I know in the long run we can do a lot better than AWS.
Changing the culture towards this seems logical to me: decentralized the source of the data, and decentralize the costs.
I'm in favour of Witnesses taking more responsibilities regarding APIs.
However, just a side note: Steemit Inc.'s API & infrastructure costs are in the millions of dollars per year. A "normal" API node costs max 1000€ per month, so roughly 12,000€ per year. If we really take this approach seriously, this will require a lot of funds, which might be difficult to come by in this bear market.
12,000€ (CAN$18,000) per year is more than @anyx paid to buy a 512 Gb full node server with an Xeon Gold CPU!!
Why would you pay more per year than the total capital cost of the item?!
Not to mention my server was absolute overkill.
However, it does have a monthly cost for collocation hosting, but this is a fixed cost of only a couple hundred/mo, but that also buys things like redundant power, cooling, etc. But indeed, in the long run, purchased assets are the way to go.
The last 5 items are only necessary because of huge centralized data centers. They are not needed when running less than 10 machines as part of a decentralized system. Redundant internet is easy and cheap to add and redundant power supply is only necessary in places with regular power outages. Once in ten years is typical for central Tel Aviv where I live. 24 hour monitoring is automatic if server is in your home and you also work from there.
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Well, I have around 120 desktop (in my office), software routers instead of hardware routers etc. All of them custom made - so I tend to agree to what you say. But with these expensive hardware and network speeds (read QoS, BGP poisoning avoidance, DDoS protection) etc, its not quite possible to handle them the servers in our home. For example @anyx I am sure can handle most of the hard ware/CPU/memory related aspects. I can't. But I can handle lot of the network aspects - which others may not be able to. The witnesses are a mix of sysadmins, researchers, programmers and marketers - so we can't expect them to run the 17 + 2 + 2 servers in their home office. Even if everything including BGP is taken care of, I don't think DDoS is something we can monitor and retaliate that easily (unless we have a OpenBSD box and we are very handy with firewall rules).
Being said all this, I don't think we need to really host all the witness nodes in our backyard to save costs. Proper AWS cost optimizations can save a lot of costs. Personally I don't see any reason why the full nodes are on AWS where every disk access is billed. Once the development is done, those instances can be moved to data centers. AWS and cloud as we know is for elastic needs (CAPEX) and in the case of steem full nodes that kind of "elastic scaling" is not possible. (due the architecture.) May be sharding like NEAR protocol ( https://nearprotocol.com) is the way to reach there - but its not in the near term.
To conclude, its very much possible to run the infrastructure in traditional data centers at much lower costs than AWS. Steemit.com's workload is not something that needs cloud computing.
If Steem Monsters was able to run a successful crowdfunding campaign, both on Kickstarter and Fundition, why wouldn't that be possible for Steemit? They can easily give out delegations as rewards, which wouldn't have too big of an impact of the Steem price.
Also, won't Steem receive around 20 million USD in funding from Global Blockchain Technologies? Source
Look, I obviously haven't spent that much time thinking about this, it just seems that budget problems are somewhat easy to solve in this day and age.
Yeah.... A small part of me wants to believe that firing 70% of the team was done because they realized they hired the wrong people and the low market cap was just a good excuse.
This is insane and I guarantee you it's due to massive inefficiency. No website with this level of interaction costs that much. Yes -- we need to improve second layer (and primary layer) solutions to take the load off actual steem machines, but it's really not that hard.
The problem is the high cost of a single node, and the fact you need lots for scalability and redundancy, then you need a few that do nothing but create state files for the active ones and you need backups and staging ones. It adds up quickly.
It would be far Simpler if it was just a typical database.
Not even. The problem is poor first and second layer solutions on top of a full node.
Yeah, full nodes also suck. A lot. But the whole stack is worse.
No Arguments here. I hope this crypto drought encourages some good innovation that handles this. Sometimes loss is required to kickstart innovation.
Agreed - though maybe it depends on where the line is drawn around what is and isn't classed as infrastructure.. Or maybe someone is misleading ned.
Few mis configured EBS volumes with crazy IOPS values, Cloudfront, heavy usage of Docker based builds etc can be the reason for the high costs. AWS is not the right solution for something like steemit.com which has no per-visitor or per-user revenue model or challenges with capacity.
i'm in favor too. and eventually maybe more than APIs.
What do you have in mind?
nothing specific lol i'm just a gamedeveloper.
as for the cost of running a node i have no idea i'm sorry. but maybe that cost should've been steemit inc's only priority instead of trying to do everything on their own.
I very much agree with you @anyx that there needs to be more decentralisation of the back end and I congratulate you for launching a full node.
I also think that witnesses need to be owning their own hardware for witness nodes rather than renting it on the centralised "cloud". While @anyx's Xeon server with 512 Gb cost you CAN$16,000, its is possible to create a 128Gb witness & API server using HEDT motherboard and sub $500 CPU for around US$2000.
Owning your own witness server is somewhat problematic.
Other than bandwidth issues, (unless you have fiber based internet).
A power outage, internet issues (which I'm sure are common not only in Israel) and even a piece of hardware that stops working can make you miss far too many blocks, and cause small malfunctions all across the blockchain, not so small if you're in the top 20.
Maybe it would be best if different witnesses would host their server on different server providers, but it seems there are many providers to begin with.
Those are my 2 cents on the issue.
Thanks. I've addressed these issues in more detail here. https://steempeak.com/@apshamilton/properly-decentralising-steem-and-cutting-costs-by-witnesses-running-their-own-servers-and-apis
All these things can happen at a centralised hosted solution which is fundamentally more vulnerable because of its centralisation.
The whole point of decentralisation and having 20 witnesses and 100+ backups is that there is a quick failover to the next witness.
Also, for each witness having HEDT servers each with a once off capital cost of $2000 rather than an annual cost of $2000 forever means you can have more backup nodes and more redundancy.
It simply does not make sense to be renting when you can buy for around 1 year's rent.
A server provider usually operates in several countries, so unless someone is cutting an underwater internet cable, a witness can reactivate their server within 24 hours (much less if he/she is more experienced).
While a server in their home/office can easily be shut down for 3+ days, if their ISP is shitty in their area.
If there was an infrustrcture to allow witnesses to share their servers with each other (if that's even possible), to could allow more decentralisation without the drawbacks I meantioned. But I don't know how feasible such a project is.
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I’m not suggesting no redundancy. A witness should obviously have their backup server node in another location with another internet provider. Also it’s easy to have have a backup internet provider at your home or office. Everything an outsourced provider can do can be done for much less cost yourself when you are talking about single digit number of servers, which is what decentralized solutions involve.
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That's unless we have someone as huge as YouTube's Linus Tech Tips on @dtube who runs servers themselves...
ned would have to give up most of his steem for any real whale to come in and start dealing with the costs ;)
While you're right, you can have redundancies like a UPS(duh), a generator for back-up power and do the same thing for internet connections.
Witnesses typically scale up over time. If you're a backup, you can front a fixed cost of less than $1000 and run it on your home internet. This is reasonably stable enough nowadays. When you get higher in the witness ranks you can deploy more nodes and improve redundancy and performance.
Missed blocks from one entity on the network won't impact things significantly anyways, we have built in redundancy at the system layer (the blockchain itself) so it really isn't a practical concern.
HEDT are a great way to go for limited API support (you can't fit all the api's, but you can serve a large amount of requests locally and route the ones you can't serve appropriately).
Notably, you can also build a consensus machine (e.g. 'witness node') for less than 1000$. My purchase price for a full api was overkill -- we can bring the costs down by optimizing for tasks rather than "do it all super fast on the same giant machine".
It's great if you can use different API endpoints; basically this is what a decentralized infrastructure should offer, anyway. However, when it comes to running API endpoints and other services reliably and at scale - so that other (professional) services can depend on them - it's not a simple operational task and it certainly isn't cheap.
I suppose it's important that we start stressing actual business models on top of Steem. If anybody is running an actual business that doesn't take its revenues from the reward pool, that person or organization would have an intrinsic motivation to have its own infrastructure under control, therefore could run it and potentially offer to outsiders, as well. Is anybody out there?
The next question then is: would anybody be willing to pay for API services to access and interact with the Steem blockchain? Would that make a business model of its own?
Hi @grintsch! We're building @dstors and I can tell you that our revenue model is not based on taking out of the reward pool. On the contrary, the objective is to distribute the existing reward pool to those on the blockchain who perform any and all economic activities related to their sales through their own @dstors. You can peruse the executive summary of the whitepaper that was released a few days ago on our blog. Yes, we're out there! Focused exclusively on giving back to the users as much as possible while introducing new models of interaction with the blockchain beyond what steemit.com initially offered through blogging.
Right, thanks for pointing that out. Great to see that, and I'll definitely check out your site and material.
Would witnesses really want to subsidize operations of Steemit.com? Steemit.com remains the central pillar for Steem, drawing in the vast majority of actual users and usage, so there's some argument to be made for it. However, Steemit.com itself has proven to be unsustainable. I remain skeptical that a large scale social network will ever be sustainable on a blockchain without centralized layers. This entire post and all of Ned's comments below are firm evidence.
PS: Before someone says it - no, speculation is not a sustainable financial model.
just because steemit inc/steemit.com is unsustainable it doesn't mean steem is. ned is the biggest whale here but one man's opinions has got nothing to do with a social network being sustainable or not.
if a central body is absolutely necessary for social, we should ditch steem and stick to facebook. but i thought people (especially crypto lovers and steemians) were so sick of it?
this is more like an opportunity for witnesses to actually step up and start making changes for more decentralization. it could be one of many solutions to come that shows steem's potential is not restricted to steemit.com or steemit inc or ned.
Never said anything about "central body being absolutely necessary for social". Furthermore, it's counterproductive to cite extreme and irrelevant examples such as Facebook.
The world doesn't work in extreme blacks and whites. The reality is more nuanced. To make Steem sustainable, we need centralized layers like Hivemind. This will retain the decentralized nature of the Steem blockchain, whilst streamlining computing resources required and thus greatly reducing costs. It's not just Steem, top blockchains like Bitcoin and Ethereum are also working on centralized layers of some kind for scalability and sustainability. It is clear this is the future of public blockchains, and does not mean "central body is absolutely necessary".
PS: I'm not interested in arguing semantics of "centralized layer", so don't bother.
if that's not what you meant then i stand corrected. facebook is not extreme and irrelevant because if this community remains dependent on one individual who owns a private company, it's just as extreme.
to say that we need centralized layers like hivemind is probably more black and white than anything i said. it could be one of many possible solutions. i'm guessing when you say the reality is nuanced we shouldn't look at hivemind as the only choice for sustainability. but sustanable for who?
ps. i think i understand what you mean by a 'centralized layer'. the only thing i wanna point out is that it doesn't have to come from steemit inc. and one company being unsustainable doesn't prove its necessity either.
Sure, there can be other solutions, but Hivemind is our best option that can be implemented in the near term for significantly improving sustainability. For whom? For everyone that runs an app or service on Steem, and requires Steem API nodes. Thus, eventually, for the end user. We want Steem to survive and thrive, and for that, improved scalability is essential. I understand you don't like centralized bodies, but almost all of Steem exists today, as it is, because of Steemit Inc. It has been two and a half years, and precious little has been contributed to Steem outside of Steemit Inc. Sure, it doesn't have to be that way, but that's the base reality. Till the time that other organisations and individuals start contributing significantly to Steem, Steemit Inc's survival is important to Steem.
yes steemit inc was the creator. but it doesn't mean they should hang on to control or should have any more weight in deciding where to go from here. it's a sad reality that after 2 and a half years this supposed 'decentralized' and 'censorship-resistant' platform still requires a central body/layer/whatever to stay running. if ned never used those words then everything i said would be irrelevant.
i have to disagree with you because steemit inc's survival is no longer important. even if steemit.com and api.steemit.com suddenly disappeared we'd still have other full nodes run by witnesses (or anybody who thinks the cost is worth it?). a lot of people will be confused and there'll be chaos. and i guess prices would drop too. (believe me i wouldn't like it. dan gave me a 100% downvote for saying most people would be locked out if steemit.com disappeared)
but the blockchain will stay and devs would simply switch servers. if steem breaks down due to one company/one man, then it doesn't deserve to stay. but i almost know that wouldn't be the case. or hope.. :)
I don't see it as being specifically for Steemit Inc., I see it as a path towards providing a decentralized data backbone for all of steem, which any app can use. Steemit is just one app on the steem platform.
Sure, but realistically, it's not "just one app". It's the vast majority of Steem - that was my concern. Ned says it costs $2 million per year to sustain Steemit Inc's infrastructure. Whilst some of it is the frontend, it's implied much of it is running Steem API nodes - their primary focus now is to reduce costs on them. I don't have numbers, but judging by activity, witnesses will have to take up an order of magnitude or more greater load. At the current prices, all top witnesses combined well have witness revenues of under $750k. How will we support a $2 million infrastructure? Yes, witnesses can go for cheaper infrastructure than AWS, streamline things considerably etc., but the sustainability seems very questionable. Not to mention, Steem is tiny now. We'll need to scale 100x to be relevant to the mainstream, and 1000x to compete with Reddit.
It's not adding up.
Yes, the price may increase, and it likely will, but history has showed us that price does not scale with activity - it is its own speculative bubble, and not a sustainable revenue model.
To be clear - I'm all for witnesses co-operating for the betterment of Steem, but I'm concerned about the harsh realities of the situation. Is it even feasible?
This screams inefficiency. Very few database providers require costs in this range. It's time we take a serious look at providing infrastructure instead of just "buying more AWS instances" because they have cash to blow.
I've been digging into the API flow of steem recently and quite frankly I'm shocked at how poorly maintained things are. My rough estimates are at least one order of magnitude improvement with relatively minimal changes. This isn't theoretical, I have actionable plans for improvements.
So is it feasible? Yes, absolutely. Sure, we have to encourage development and deprecate old API formats, but it will be worth it in the long run.
Lets take our heads out of the bull-market induced sands. They call the period after a market bubble the "plateau of productivity"... lets embrace that, and buckle down and work.
@anyx us investors also have skills and connections, I and probably other stakeholders would be willing to use our many skills and connections to help @ned with getting the liabilities down and the assets up etc etc.
@ned has earned reputation and goodwill from Fyrstikken Inc. So all we need to do is to get together virtually and talk and do things like a scheduled team/external board members & advisors.
I normally charge a lot for this important service, but because of Goodwill, I will give @Steemit Inc. or @ned personal an ONE-year agreement for ONE DOLLAR for ONE dedicated hour per week over 52 weeks.
May I suggest Sundays since that is the day most leaders sit alone in their home offices and plan for the battles of the week a day before the non-leaders arrive on Mondays, so Sundays it is a good day to meet with very little distractions, 100% focused & 100% dedicated like stakeholders/co-owners of the STEEM blockchain.
You game?
Thanks for the insight, much appreciated. Like I mentioned, I had figured things could be streamlined significantly, but didn't expect 10x overspending from Steemit Inc. It doesn't sound possible, but then again, laying off 70% of your workforce months after going on a hiring spree seems far fetched too.
All the best, I hope both Steemit Inc. and fellow top witnesses pay attention to your plan and implement them.
I full support that mentality!
Logic isn't everything. You need a good heart, too. The question is: Where can you buy one?
like that idea! I am in!
Fully agree with this
This is along the lines of what I was thinking.
This, 1000%. Steem blockchain is really not decentralized at all in actual practice if everything grinds to a halt when there are issues with the steemit api nodes. Many top witnesses already run full nodes and most if not all are barely utilized at all.
My contact details
Telegram @nathanmars
WhatsApp +447901003594
Discord @nathanmars#2708
Twitter @nathanmars7
Holy Sh@t ! As soon as I get down about Steem and these layoffs it's people like @nathanmars that make me realize that I am here for the long term and ain't going nowhere.Matter of fact Iam investing more today and powering up .
And Iam right with you brother @nathanmars. Iam no whale but Iam a dolphin who takes pride in creating high quality Content.
@ned....damn, take @nathanmars up on his offer. PLEASE !! We need more like him. This guy's the real deal !!
I agree, if theres anyone who can make a massive impact it’s @nathanmars
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I truly appreciate your kind words brother and I really mean it !!!
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Steem is incredibly powerful. I 100% agree that DTube is the killer app. More development and better user experiences/education will ensure that in in the coming months.
Quite ironic people use youtube on this page...
P.S. Quick question - are older videos deleted from dtube and just thumb / image left?
Just tried to re-watch some videos uploaded ~6 months ago. They do not start. Is it a time limit or something for videos to play?
Thanks for a wonderful question and feedback.
What makes a killer app ? The community and people then the how innovative the platform itself.
Dtube is nowhere near YouTube. We’re constantly working on improving the platform by bringing new developers, designers and investors. And also by collaborating with other projects and DApps.
If you see the potential of dtube becoming the killer app then please contribute what you can.
As we’re building the decentralised video sharing platform we want to creators to own their data and content. And you can purchase a unlimited storage from
https://uploader.oneloved.tube/
So that you can watch your older videos forever.
We’re working on giving creators the option to upload the videos that stored permanently and even if that option is paid option.
Thanks for feedback and if you’ve any other questions then please let’s talk.
Thanks for your encouraging comment.
If most people who involved with STEEM feel powerful then we can take STEEM to the next level!
Also I do want to lie and say Dtube is killer app at the moment in time and we’ve so many aspects that we need to improve. As we continue to focus on making Dtube Revolution, my focus to build the strong community and create the strong foundation to build the innovative features and make Dtube a innovative platform.
Ps. I talked with Jon yesterday and I’m excited what OneloveDtube going to come up with :)
I appreciate your valuable comment and your time to writing this comment.
Glad to hear that you’re powering up. This is a great time to invest more of your time and energy to show your quality of work and contribution to our community.
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@nathanmars, thank you for sharing this video with us! I've read almost all of the comments and have been thinking about the current situation... Your comments are great. You are a nice and positive person.
Have a gread and productive day, bro!
Thanks your lovely words brother !!
I'm super super excited about the current situation and it's huge huge opportunity for people who think long term.
Warren Buffett thinks in investing time frames of at least 5 years. But his holding period is preferably much longer… “Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.”
I am very happy that you are thinking like this, I believe that the basis of steemit is in us and we should help in a positive way
Thanks for your encouragement!!
If people do something rather than just forming opinions then steem will move forward faster.
Let’s do something and contribute what we can to make this place better for others.
If I am a friend from Venezuela I do not stop working to keep people on the platform and I believe in steem, I am willing to help in the area of neuromarketing for the promotion
if anyone is feeling fear right now, when this is the reaction from people who are big inside our community, you are not opening your eyes!
:)
Exactly. And I'm just going to leave this here:
Musk: Tesla was near death during Model 3 ramp-up
Nathanmars : 77.7% chance I'll go to Mars
Sorry but Ned is not Elon Musk, not even close.
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I don’t have these two words in my dictionary.
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Hi @nathanmars
I hope Ned will get in touch with you and that you exfoliate positive thoughts about the platform and the
way forward with Steemit
We all love this platform and it must only be here for the future
Thanks for your support my friend!!
Let's choose LOVE over FEAR and move forward with STEEM :)
What a great encouraging video response from you @nathanmars. We need more whales like you speaking out to build Killer Apps with Steemit.inc together! I hope @ned will take this chance to come together with you! Good to have you here in this hard times!
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I truly appreciate your loving words.
I’m more excited than ever in my short but 5 months full time steem journey.
Prices down and people who only came for money are leaving, Fake entrepreneurs are leaving. What an amazing time to BUILD killer DApp and simultaneously build global inter connected community!!
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you know what i think bro. i support you 100000%.
great offer you made and steem would only grow with you helping even more.
appreciate you.
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I truly appreciate from bottom of my heart brother!!
Thank you for your continuous encouragement :)
Let's win together !!!
Super strong positivity - I love it!
Very heartfelt @nathanmars, I hope @ned takes you up on your offer! Thanks for all the support this year!
Thanks a lot brother!!!
We always appreciate your continuous efforts in building a strong dtube community.
Let’s encourage others to be BOLD
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Nathan that was a good move from you and a very true community act with all of your possibilities and man power. I highly appreciate your video response and the awesome positive message within it.
Thank you for being such a good motivator and thank you for being a part of that community!
Peace!
Norman BIG Thanks to YOU for being part of our amazing dtube community!!!
You contributions and efforts are much appreciated.
Let's build strong global community together :)
And I love you man for the generous and always positive involvement in this community! I hope Ned considers your offer.
We love you too brother!!!
Let's keep on building the community and support the killer Dapps building or let's build our own killer dApps!
Have a lovely day :)
I wish you the best. You look confident, smart, capable. I've done some web design. It's good that people around the world share in common vision, in all of this. Good video.
Thank you so much from bottom of my heart!!
Let’s change the world together :)
Good to know your Web designing skills and Please get in touch to discuss any collaborations with Dtube and other steem based DApps.
I’m planning to do weekly virtual meet-ups to bring all the developers and designers and community leaders together.
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I’m only just studying a degree in graphic design at the moment (1st year) but I’d still be interested in helping in any projects there are 😀😀
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I knew that you’re studying in China but I didn’t know what are you studying..
Now I’m know and thanks for bringing that to my attention.
I’ll keep you updated with my plans for weekly virtual meet-ups for extra ordinary people :)
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Awesome! I’d be glad to help wherever I can 😀😀
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Awesome.
Hey Nathan I just want to say you are building a great community of content creators that believe in your vision. I really appreciate your heartfelt video response and I hope Ned does as well. If we had a few more folks at Steemit Inc like you, this platform would be really rocking right now!!!
I truly appreciate your full support in building strong community !!
Let's take ownership and responsibility and BUILD the FUTURE :)
I will also come to Austin and work for free for Steemit Inc.
Awesome buddy!!! I would love to work with you brother:)
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Legend! We need more builders like @nathanmars and fewer bag holders who either suck the reward pool dry or dump their coins at the first sign of trouble.
I truly appreciate your words brother!!!
Entrepreneurs and Business minded people love opportunities. This is the huge opportunity to BUILD the future.
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Much respect for this man! Great to see someone doing instead of saying.
I’m a doer !!
Hope you’re a doer too my friend:)
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I like to think of my self as someone who is a doer on the block chain. @canna-curate is a project that has untied the cannabis community here. You build the apps, and Ill help build the user base, how does this sound?
I like to connect with Doers :)
Contact me directly.
Talk to you soon!!
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This is how a true believer looks like in real person. Hats off for the free service you've proposed in the vid. All the best buddy.
Thanks for the comment buddy !
Yes I truly believe in my ability and my vision!!!
Hope you’re a true believer in your own talent and your potential:)
Enjoy your day ahead:)
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cheers brother, love you man!
Thanks buddy!
We love you too :)))
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Dtube is the killer app!
The more You Tube, twitter, and even PayPal and Stripe censor, the more decentralized apps built on a distributed blockchain are needed!
Thank you so much for your comment!
Dtube community is the killer community in the entire Steem Blockchain and we’re more than like a family.
Dtube is not a killer app yet and we’re building the foundation to make new innovation and features. We put quality people before quality contents! It’s all about community in Dtube.
Plenty of new opportunities to entrepreneurs who see this potential to BUILD many variety of killer DApps!
Future looks bright for TRUE believers of STEEM :)
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Minutes after watching this video I didn't waste much time, you came out nicely and politely to ask for a chance to help. Just to show my support that @ned should hire you, I made a post titled "hire him!" with a picture written nathanmars just to show my support. You need to be recognized and I am happy for what your doing here and our desire is that @ned should hire you, we will say Ned hired him because of his hardwork.
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Thank you so much for your efforts and I truly appreciate it.
It's not about me and it's about everyone. If somebody who is willing to put in the work and persevere then not just @ned and all the people want hire.
Let's be so good that they can't ignore us!!
True Believers in the Ecosystem... you said!
Thanks buddy!
It’s easy to score goals when the opposition has 9 players and the score 3-0 and we’re winning.
True believers and great players make their team win when tran is loosing 0-3 by coming on as substitute.
This is the time for great players to come out and score goal for STEEM
Well, Cavani, Suárez, Forlan are from my town... so Goal is the only thing I know to shout!
Let's go for that ball... again!
Peace V!
You rock Nathan. I hope @ned sees and appreciates the gold he has in his hands when he can just simply tap into the community and all the talents and ideas and skills we have to offer him - most are willing to put in a few hours a week at least, can you imagine what would happen if we started to build with Steemit Inc, all of us?
I’m appreciate your lovely comment!!
It takes special kind of person to understand the long term vision of an True entrepreneurs.
I started watching his recent YouTube live-streaming and we can all join him in the next show and share our ideas and skills.
I’ll rephrase this question to everyone. What if everyone in Steem ecosystem behave and act like they own the STEEM Blockchain? What if we can take responsibilities and ownership of our platform?
I’m not @ned but I behave and bring value to our ecosystem like imagining that I’ve the same power as he does to take STEEM to the moon
Hope it makes sense and I’m looking forward to seeing you on Dtube :)
Awesome. Hope ned considers this
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Thank you so much.
He know this option is on the table. And I’ve zero expectations from others. I’m self-made to contribute to others!
I am so touched with your message with good heart and love in steem blockchain and the community @nathanmars . I salute you and Respect you even More.
Thank you so much encouraging words and I truly appreciate it !!
I’m so happy to have you with our DtubeFamily777!
Let’s respect everyone and love others :)
Hire @nathanmars, @ned!
You the man @nathanmars! You always steppin' up! :)
Cheers brother!!
I get bored playing in the same level.
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I don't know anyone better to help grow this community we have all loved becoming.
Thanks for you efforts towards Steem Natahan
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Truly appreciate your kind words brother!!
We're all in this together :)
Great response Nathan. I'm sure he will reach out. 👍
Thanks a lot buddy !!
Happy Steeming:)
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Woot woot! Keep Steeming. This is dtube revolution and Steemit-pillar-building.
@nathanmars, thank you.
Thanks darling!!!
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Sell ads, Ned.
All options are on the table. Thanks for your support.
How about try listening to your customers (users)? Maybe the attrition rate wouldn't have been so high and all the newcomers exiting so fast if you paid them some attention to understand why they showed up in the first place... I've given you many messages myself, but you ignore them. Sad for all the people involved, but until you realize that in any business you must learn what your customers want, then this place will not turn around. I gave it a solid year and made 500 steem ($150) and spent many many hours a day.
Here's a perfect example:
I wrote a post for @abh12345's contest on why Steemit is so good and my post was in the top 3... But you didn't comment it, or upvote it... nor did you take the time to comment or mention the winner either.... You were friends with one of the girls and managed to give her a $1 or $2 upvote, so obviously you saw the contest, but didn't take the time to comment on people actually trying to help YOU and YOUR COMPANY... Pretty sad in so many respect...
I doubt you will listen to this, and I certainly don't care about any upvotes anymore. I just thought maybe someone telling you the truth might one day get through. You are a young guy, but you have put yourself in surroundings that you a) get told what they think you want to hear or b) get complete hate negativity thrown in your direction. I would suggest that listening to either of those groups has put you and Steemit in the position it is today. I would also suggest that you "search" for people that will tell you the truth.
One last thing, if you're going to run a "social" platform, you should try to let people have more than 10 comments a day... If you think there is any way in hell people are going to pay you to talk, then you have no idea what motivates the common man/woman. A social site that restricts its users to a point that is noticeable, will die a quick death (as I'm sure you've seen in the numbers). And by the way, I (and many others) tried to tell you this when HF20 came out, but for some reason whoever's instincts its was to go forth and see if people would accept it was dead wrong. I can only hope that person is in the 70% because they really did a disservice to you and the company.
Take care and good luck, I truly hope Steemit succeeds and steem goes up in value. I have many friends that I've met here and I also see the potential. But until there is a leader at the top that "gets it", then it won't ever come close to that potential. I do hope if you stay in that role, that you develop the skills. I myself learned them over a long career. It doesn't happen overnight, but you are capable of fixing this and if you do, then everyone will put this moment in time behind them.
Cheers!
You're saying that people come to Steemit to get attention from the founder? I came to Steemit and I've never ever even hoped for Ned's answer to any of my comments or posts. He doesn't have to do that imo, but if he does, it's just the cherry on top.
People shouldn't expect an upvote or a comment from the founder imho. People should focus on building their community.
no he's saying a leader shouldn't be so biased :)
votes was one of the signs. disabling the comments for a video where he wants to emphasize transparency is another.
Thank you for explaining this without getting mad. : )
With all due respect that is one of the worst conclusions someone could come up with from my comment. The lack of his attention in the situation described was an example to illustrate where @ned is failing and has nothing to do with me "wanting an upvote". You should read things a little better before you try to dismiss the argument with such a shallow argument.
And I know of many people that focused on building the community, but many of them felt they were working against management. If you are afraid of the truth being stated online, then I'm the wrong person to speak to. Steemit is failing not due to any sentiments of any users, but because they are currently failing to listen to the users. The ones that are trying to give them advice on how to fix that are "helping them".
And please don't insult me again by twisting words to make me look shallow.
I'm sorry if you feel insulted by my conclusions, but I don't think it's anything to get mad over. I didn't try or want to insult you or anyone so maybe you shouldn't feel insulted so easily. Maybe you were just in a bad mood a bit? IDK You just could've opened a further discussion and explain without getting arrogant. < Didn't deserve this imho. :/
I get what you're saying with your second paragraph though, because as a community builder, I've felt the same. I mean I like to build a community on Steem, but then again I've felt a thousand times that why doesn't Steemit do it themself or am I even allowed to do that on my own.
As I've understood, decentralization stands for community running things and therefore Steemit has let us do that, not doing much themself. At one hand, that makes Steem decentralized, no? Please correct me if I'm wrong.
I fully am fine with Steemit letting us build our own community and don't care if they ever market things or spend resources on helping make the community vibrant. I do however care that they make rules that make it almost impossible for people to stay. The implementation of HF20 and the introduction of RCs (which limited certain functions based on what THEY deemed important) was a disaster. People that sign up now have limits of 10 (or less) comments a day. I know some people think that's perfectly ok, but they essentially killed making this a mass adoption social platform. If that's what they want, they should just tell us. I have spent a year trying to get people to stay involved because of the "potential" to go viral, but that one decision makes it an impossibility. NOTE: for those that claim there is a cost to running the blockchain, my answer to that is these limits on any particular function are purely arbitrary. Why limit the thing new users care most about unless you are either 1) trying to kill it or 2) so out of touch that you have no idea what its like to be a new member that's learning for the first time how this place works.
ps... I don't want to argue with you about the point where you say I felt insulted. Its not important.
!!!
This! This right here!!
Very well said. There is a reason people came to steemit, there is a reason people stay on steemit, now it looks like there is a reason for Ned and Steemit Inc to figure out why.
Exactly @bashadow... And if I were @ned, I'd get in contact with YOU first... You are the epitome of a great Steemian that just shows up and tries to make everyone's life better on a daily basis!
He just needs to look back on his own companies reason for steemit, like they advertise on their home pages, why did he start the company, what did he want from the company, and what change did he want to bring about. From Steem.io front page, (he should look at it every now and then:
ned needs to take this comment seriously. there'll always be dick suckers and haters but he's not listening to the modest people who just wanna speak the truth. i think the current rc budget is actually less than 10 comments a day for a new user, which shows how disconnected he might be.
if steem can't go for decentralization, at least let some else with a little more humility take over.
When a job opens up for someone to tell you the truth I am in line right behind Dave. Seriously though you should let people like @davemccoy and @abh12345 help. They are good people.
lol... Yes I know you would be there for sure DDC! And it would be great if they actually took the time to learn what we know, they are missing out on a treasure trove of some seriously smart people from all walks of life!
Some people are not able to think outside the box. Like my teachers in school used to tell me " you won't have a calcualtor with you all the time in life" . Oh really? Like the one I am typing this reply on and then going to make call on? That calculator? I have been telling them to make trending for actual trending posts and put the bid bot garbage in the promoted section and put a 5% tax/Beneficiaries on it for a long time now. The Beneficiaries would go back to steemit for operating costs. Then trending wouldn't fucking suck and steemit could make some $ off this dumpster fire they have going on. I have tried to get people to come on here and got them accounts set up and stuff and they always bail in onder 2 weeks.
Are you giving up on Steem which is much better than Gab, Minds, Bitchute, Brighteon, MeWe, Utterz, etc? Making money with cryptocurrencies, including Steem, is a long-term investment, and it is a gamble that may or may not work. There are a lot of variables that we should consider and we live in historical times. You should hang on and wait another ten years or more for all of this to work out. We need a lot more time to get all of this to work. It's not as easy as we all may want it to be.
No I'm not giving up on Steem, I was just giving @ned some advice... Whether he takes it or not is up to him. I have no intentions of selling my steem to buy anything other than steem monsters (which is also a variable that I think might even save the platform!) ... Thanks for the optimistic view though, that is a very nice thing for you to try and do (convince me to stay patient!) ;)
Great. Good advice. Can we mine or seed Steem like we can with Bitcoin, BitTorrent, etc?
That I don't know, I'm sure there are others here that would know!
Definitely one of the best replies I've ever seen in Steemit.
Thank you very much for the compliment @glory7!
hi @davemccoy
would you mind sharing with me link to your mentioned post ? I failed to find it and I would really like to have a look
Sure I'm happy to do that... Here you go!
https://steemit.com/welcometosteemit/@davemccoy/the-party-is-just-getting-started-welcome-to-steemit-everyone
And if you go to the same date on @abh12345's page, you will see his wonderful attempt to get a positive message out! And you can see the other entries too!
Thanks for checking on this, its nice to know :)
Im very sorry for such a late reply @davemccoy
Thank you for being so responsive. I noticed that you have enormous follower base. CRAZY!
You're one of the most popular blogger here on Steemit, arent you?
yours
Piotr
You should post sometime. I'm sure you have something of value to say, and it is a decent way to build Steem Power to a point where your votes cross the dust threshold and you no longer need to count your comments
I’m loving whaleshares right now there is also ONO
Thank you very much @mineyourmind! I have really enjoyed my 1 year here (despite the lack of management's good decisions). Everything isn't good or bad only, there are many things that are awesome here, and of course many that are not so awesome... On balance I keep coming back for the people I've met... some really good ones that make any of the bad things tolerable.
And yes I totally agree that if they could integrate some of the functionality on Discord somehow, it would be a killer app that would certainly help me... Right now I spend almost 99% of my time on Discord now, and that is where they also lose business to competitiors... I have had many friends try to "steal me away" from Steemit! :P
Nice to meet you and again, thank you for the nice compliment!
That option should be on the table along with others. I appreciate the move toward sustainability in a market that's tougher than most of us thought it would be, but it's disappointing the organization was that far from sustainability and didn't anticipate some market swings.
My suggestion would be to manage your site, which I have not seen done yet. Moderate it like other social media sites. Bring in some revenue. I thought we had a revenue model here, which is posting and voting? I don't think anyone will begrudge you guys for voting the master account on these updates if that means you can pay for development. Or run some ads. Or find a some entity you can partner with to run the site or operate the communities if you guys don't want to oversee it yourselves.
Agree. I hope the Promoted section becomes an initial place for Ads and that becomes a generating revenue for Steemit Inc. to shoulder the costs.
I've been waiting for ads for more than 2 years now. I remember you @ned hinting the possibility of ads back then which got me excited. But hopefully this could be a reality now.
When did he hint at ads? Last I spoke with him on the topic (spring 2017), he had zero interest in it.
Pretty sure it was around the end of 2016 when he spoke at a conference and talked about the possibility of including ads on Steemit and possibly setting up a non-profit for this. I think this was before the ‘Promote’ function on Steemit, so probably Q3 2016. I remember several people writing about it too.
I remember him hinting at adding adds back in 2016. He suggested having it be optional for each user and keeping it small at the bottom of your post, like a footer link. He even mentioned sharing the revenue with the user.
You sure that wasn’t me?
https://steemit.com/steemit/@ats-david/advertising-revenue-and-distributions-on-the-steem-blockchain
At that time, in private chat discussions, Ned made it very clear that he had no intentions of working on anything to do with advertising at either the blockchain or interface level. And he certainly was not in favor of sharing any ad revenue with users.
I'm pretty sure I heard him talking about it during a podcast or video somewhere. I'll see if I can find it and shoot you a link.
Here's one video where he's talking about adding advertising that I have cued for you where he touches on it. There's also another video interview somewhere where he goes into it in more detail.
Keep in mind though, that he never said he or Steemit Inc. was going to work on this specifically, but only alludes to the possibility of it being a revenue generating business model for some unspecified application. At least that's how I understood it.
I think if you were to ask any of the social people that are on steemit here for the social atmosphere, you would find that they left youtube, facebook, reddit because of intrusive advertisement. Advertisements are already on steemit. What do you think all those steemhunt, dlike, actifit, dlike post are all about? It is people advertising products to people. I myself do not upvote or even look at any of those tags. I do not like advertising that much. I have no problem with people wanting to become non-paid sales men for products but at least I can easily ignore 90+% of them all on steemit. Ads would drive people like myself away.
Think adds for visitors only that reward authors would be very a mega boost to the platform. It could attract top content providers to the platform while allowing us to spent our adds budget right here on this platform.
Today, if you link your blog post on Twitter or FB and it ends up getting massive amounts of visits from non-users, chances are you make $0.10 or less on a massively successfully post. Not the way to attract top content providers. Now consider the, what?, $0.30 or so per click you pay for an add campaign on Amazon. Wouldn't it be cool if you could run that campaign on Steemit for a fraction of that? You could make the platform add free for authenticated users, make adds opt in for authors, draw in establihed top content providers with add revenues and allow people to spent their advertising budget with the blockchain as one and only middle man. I think adds, if done right and front end independent, could be a massive win for everyone.
For making money that is fine. For people that want to see ads that is fine. For people like myself, who quit TV because of ads, who rarely looks at you tube videos because of ads, who will click news stories off I am interested in because they want to put a cookie tracker on me, or have excessive ads, not fine. There is no opt out for advertisements. People on steemit are advertising for free all the time as I mentioned above, they get a payout from the people they work for, I do not vote on nor even open any page that has the first tag as one mentioned above.
Advertising banners and plugins get added I will do like I have in the past, find something else. I know people want to monetize all their content, I even vote on their content to help the monetization of their content.
I have yet to go out in a serious search for how to convert my steem into spendable monies. I have found a way to semi sort of buy steem, and that is to buy stemm monster cards. But I am enjoying the game. If I had to wade through a bunch of advertisements to play, I would just go back to other games I like that are add free.
Advertising money is not the end all be all of everything internet wise. If the internet needs advertisers to subsidise the internet then the internet is in big trouble and will die of natural causes, or it will be bailed out by well meaning idiots, like the american automobile industry. The american banking industry, and the american this and that industry that has been bailed out by the American tax payers ever since FDR.
If advertising is the only solution to steemit's problems then steemit will have a problem, as they currently do, retaining users. If Steemit still dreams of being something new in the world of social media then they must not repeat the problems of the current social media.
For myself, like I said, if they bring advertisements on board then odds are very likely I will leave and go elsewhere.
I think the value of the platform, first and foremost is determined by its content, and as such a huge problem standing in the way of growth for steemit lies in the fact that there is negative incitement for established top content providers to switch to the platform.
The reality is: established content providers make money from advertising and their established followers that they will lose the moment they move to steemit. Basically they start from scratch on the platform, hoping they can build a new following to make up for the old one no longer generating profits. The old following is used to adds, the potential new following, as you so rightfully point out is unlikely to even tolerate them. But I think this doesn't need to be a problem. What I think would be the solution to make these two wolds connect is actually pretty straight forward.
By doing it this way, none of the regular steemit users should even notice there are adds. Someone however who is an established content provider on an other platform however will draw visitors who aren't steemit users (yet), visitors that, coming in from FB/Twitter/etc links will get presented with advertising that would provide the content provider with hopefully a competitive revenue stream.
Note, I'm not in any way suggesting any of the revenues from advertising should go to Steemit Inc. I am suggesting the feature of allowing established top content providers to migrate without loss of advertising revenues will end up improving the monetary value of STEEM, what in turn will fix things for Steemit Inc.
Without Steemit INC or any other third party getting in between the person running the add campaign and the established top content providers, in theory steemit should have a competitive edge from the perspective of both the content provider and the person buying click throughs.
Hope I'm makeing sense here.
Good riddance! Apart from ads or paid promotion the only solution is pay-to-play. Reality is setting in and speculative money is dwindling. It's time for Steem to start earning!
There are billions of social media users out there who don't mind ads at all. Have you ever read the Steem white paper? The value proposition of Steem is to get as many of those people to come on board or to consume the content as possible.
If the Steem community rejects paid promotion, then the platform is certain to die.
Sorry to disappoint you but it was stated in the Steem whitepaper that the value proposition of Steem was the attention of the crowds. The way to monetize that is through ads and paid promotion.
Did you seriously think a game of Greater Fool was going to pay the bills forever?
Like I said I have no problem if people, steem, or steemit, want to monetize, as I said if the only way forward for the internet is through advertisements and subsidies, at some point people are not going to continue to subsidize it. Then the internet will get to be back where it started out as a tool for researchers in Military Industrial Complex. How many industries must be subsidized before it all becomes owned by the state. We have seen how well that has worked out in other countries.
When flashing ads start to appear on steemit in every available pixel of white space, then I will be leaving steemit, as I have left a lot of other media that relies on advertisements.
If that was the original intent, then waiting two and a half years to explore and find a ways and means of that paid advertisement has been a complete and utter failure and with that then steemit will go the way of Compuserve, AOL, genie, netscape, and a lot of other early internet companies and die an ignoble death due to the inability of its leaders to look ahead and see where they and their company are headed.
I, and the other users of steemit are not the ones that caused the failure. Attracting Advertising, and advertisers is not the answer to everything that is wrong with steemit.
It keeps getting pointed out the immutability of the blockchain, and the security of it. There are a lot of of tax preparers in the United States, that have records they must maintain for 7 years or more. Same with accounting companies, and tax laws have been changed to where digital copies are valid for use.
The failure of steem.io company is it's inability to reach out to the people that would benefit from their technology. They seem to be to focused in one direction, and not paying attention to what is going on in and around their blockchain.
Look at what Steem Monsters has done. Look at the shear amount of information they must save and process for their silly little game to work. 90% of what they have done can be so easily translated into other fields and industries, yet where is the Vision?
Yes I cave to all the masses drinking kool-aid, the answer to everything on the internet is ADVERTISEMENTS
What you're describing is pay-to-play. And that's a perfectly fine way to bring in revenue. That can exist alongside with advertising revenue as a source of income.
You have stated your personal distaste for ads but the vast majority of Internet users do not share it. Social media is still a growing business and it's funded to an overwhelming degree by advertisers. All the Internet giants, including Google, get the vast majority of their revenue from ads. Gargantuan value is supported by ad revenue. It is nothing to scoff at. (And, no, it doesn't have to be 1990's style blinking banner ads on a white background. And there is much more to paid promotion than banner ads.)
All options need to be on the table and tried. We should also consider a referral program. It's time.
Take your blog and go home then. Those of us who intend to stay and build an ecosystem will have to be economically sustainable. Bloggers have been feeling the pain for months and it's time to actually solve the monetiztion problem. Ads need to exist also because currently people are paying bots to upvote when they could just buy promotion the right way.
And ads aren't bad if done right. Make it op-in, and do things right.
That would solve so so many problems would it not if everyone just went home!
If you read back a few comments in this trail you will see that I am NOT your kind of blogger. I did not come to steemit to monetize myself. If you did look back you will see that I am a user of steemit.
After one and almost a half years I have still not bothered to look into how to buy, sell trade steem and make it into "REAL" money. It was only through playing steemmonsters that I was able to buy some steem. But the truth is I was not buying steem, I was buying digital cards to play a game.
So ads are going to do away with the vote bots, as a user I do not see that happening.
All options, as long as those options and opinions of the non-blog user, (such as myself), are not on the table. There are several types of people on steemit. There are those that are strictly investors, they do not blog, they may on occasion make a Post. There are the people that are using the blockchain as a means to develop programs and software, they are not bloggers, they may on occasion make a post about what they are doing and developing. There are the business owners, those that run bots for profit, steem style banks for profit, and games for profit. They do advertise to their customers via Post. Then there are the people like me, the social poster, the reader of your Blog content. The people YOU just said to Take your blog and go home then. I am not a blogger as I have, I thought, made it clear in my comments. I am the type of person that YOU as a blogger are trying to get to follow you and give you money, and you want me to "GO HOME"
So all options as long as they do not involve the targeted audience. I hope you understand now that I am not a Blogger, that I am a user. The price of steem has one effect for me right now, it governs how much content I can give a valuable vote to. One day I may learn and jump through all the hoops and loops to convert steem into fiat money so that I can go buy things from the local store down the street. Until that happens I will continue to be a poster, reader and voter of content that I find to be of value to me, and hopefully the value will return to steem so that my vote can give be of value to people.
There are very few people that are concerned about the value of their vote toward other people. I am. So the price of steem does effect me.
You are a part of the ecosystem but Steem Monsters is very new and also very niche. It's contributing to the growth of Steem so I support it but I do not know enough to know how it works.
As a blogger the demand for upvote bots is due to the fact that we cannot promote our content in any more legitimate means. So if we want our content on the trending page then we have to pay the bots. It's a broken system because the bots are essentially a cartel. I would rather just pay the Steem blockchain itself.
All options should be on the table and all opinions of participants in the ecosystem should be considered. I'm in favor of ads but I am also in favor of it being opt in. I'm in favor of ads specifically here for Steemit because Steemit is based around blogging while Steem Monsters is something else.
I would be very sad to see adverts on Steem. The trending page is already one big advert. But I can just avoid that. I don't think I could deal with it disturbing my enjoyment of post. The lack of ads was one of the first things that intrigued me about seem.
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We will just have to wait and see what happens. One of the nice things in this flow of comments was reading that @ned is not in favor of ads.
Could you consider taking a small beneficiary cut out of steemit.com's posts like other dapps do? And maybe think about it more than ads? :)
This is a very promising idea!
@ned Before you do that, I dare you to contact me!
I need 5 min. of your time to exsplane you my idea! I will put my STEEM, where my mouth is!
So, after you heard my idea......if you say, it was a was of time, I will give 100STEEM (all I have now) to user of your choice!
Here is a small suggestion from me. It won't make huge amount of money and I'm not a programmer. So I'm not sure about the difficulty of implementing something like this. But I'll just leave this here: https://steemit.com/utopian-io/@vimukthi/steemit-improvement-proposal-cosmetic-upvote-feature-to-replace-bid-bots-and-fund-blockchain-development
Additionally here is a poll I conducted on the subject: https://dpoll.xyz/detail/@vimukthi/steemit-inc-had-a-layoff-of-70-of-staff-due-to-lack-of-funds-how-should-they-raise-more-money
Hope these would help at least a little.
Best of Luck!
Yes! Ads (that can be easily shown or hidden) will be a game changer.
I think selling ads is a great idea, if done properly. Select ones that are relevant to the community and let people opt out of seeing them. Most of us wouldn't opt out, if we know it helps keep steemit going.
I think ads are the best idea so far if it can be done in a way which burns Steem so the ecosystem benefits.
THIS. STEEM ecosystem needs capital that comes with advertisers and ecommerce in general. You can not relay only on people that believe in steem and are willing to invest their hard-earned money.
We have a great crypto-focused community here, let crypto business pay for promoting their content/ads here. But not in "promoted" tab where no one goes but on the trending page - like one "sponsored" post on the top. I wrote about it like 2 years ago but for some reason steem inc. just don't want money.
Check out https://www.livecoinwatch.com - after establishing a very good service they added small ads and now they're doing great.
!tipuvote 2
This ^^ - please
This is a good idea. Earn.com is an example of a similar service.
Not on trending either. We need opt-in advertising on posts. Forget advertising to authenticated users, unauthenticated users and established top content providers are top untapped resources.
Or maybe not traditional ads per se, but blogs for companies? I mean, people would follow the funny PR person(s) who handle Wendy's Twitter - they do there!
Wait, wait - SMTs for companies, that you can earn gift cards to their company, maybe (I don't know if that's even feasible, it just struck me as cool).
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That's a perfectly fine idea. But the attitudes of many Steemians have to change. We are all shareholders and it is insanity for shareholders to oppose revenue.
Companies are coming here. Check out @landshutbrauhaus, they just registered yesterday.
I could see how company's could invest 10-100k into some steem power to create a social media presence on steemit,
Now scale that to and sell it.
This seems like a reasonable option.
This comment is supported by $1.19 @tipU upvote funded by @cardboard :)
@tipU voting service guide | For investors.
So we can be just like google and Facebook and then they can demonetize us. No thanks.
Well, who should monetize us, then? You?
Are we not the ads ourselves? Isn't that the point, decentralized, peer to peer, ads, and when I say ads, I mean content, and advertisers want to be seen and we want to be seen too and some advertisers can start a Steemit account and post ads on Steemit for example if they're not already.
On the top of Steemit.com, you see the tabs, Trending, New, Hot, and then you see Promoted which might be the option you were mentioning. Maybe advertisers can pay for their posts to be promoted. Therefore, that is the way ads are sold, if I'm not mistaken. Is that not good enough? Maybe Nike wants to sell shoes. So, they could start an account on Steemit. Post about shoes. Nike could buy a bunch of Steem and power up some of it into SP in order to get a better reputation and be able to upvote itself to get into trending to better sell ads. Is that not a win-win situation where more people can see their ads for example and more money goes into Steem from outside sources like Nike, etc? I mean, people already buy Steem. So, I don't want to make a distinction between corporations and individuals who invest & buy Steem. Regardless, people help Steem by buying & by sharing Steem articles. Cryptocurrencies may not be doing so well right now but they will be rising in the next few years, before 2025 at least, if not a lot sooner, and we can hang until then if we can.
I would be very sad to see adverts on Steem. The trending page is already one big advert. But I can just avoid that. I don't think I could deal with it disturbing my enjoyment of posts like it does on the rest of the net. The lack of ads was one of the first things that intrigued me about seem.
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Sounds to me like you over-paid and they under-delivered. Tough lesson to learn, that's for sure.
Out of funds with really not much to show for it...
(upvoted because @fulltimegeek is a flat-earth believing beotch)
Steem isn't working because it has a worse governance structure than the US government. A representative plutocracy, with a shit distribution. Look how much energy is wasted with accounts like @berniesanders and all his "foes". The only way to beat the massive inflation in this system is to fight back with selfishness and self vote yourself above the inflation rate. Witness responsibilities are vague. Accounts are impossible to get for the average person (I have a friend who has been on a waiting list for months). Who is going to use a blogging platform that is Pay to Play that has almost zero viewers? It's not a coincidence that the view count was removed from steemit.com, nobody looks at content here.
The only way a system like this can work is through co-operation but there is no mechanism in which to cooperate. It just becomes every person for them selves, who can find the best delegation bot, or suck the proper orifice for upvotes.
#1 problem with steem is distribution which puts the responsibilty of the platform on the 'whales'. This platform has stumbled with no focused attempt to get actual users on the platform. With curation being broken There needs to be more delegation to hire professional curators for the network... the front page has been embarrassing for the entire two years I've been on the platform, and genuinely interesting bloggers have been overlooked again and again. Users need either viewership or compensation and steem has provided neither except for those who have bought in.
Please @ned act like an open source project and opensource your SMT code, maybe the community can actually get it done.
We create accounts for anyone with delegation. Check out @comedyopenmic and hit up the strawberry of death in the discord for an account foe your friend.
Thanks for the tip, and I'll do that, but it shouldn't be that hard. The fastest growing sites are usable with a click of a button. The simpler the sign up the better. Wallets need to be handled and spam precautions are important.. but maybe wallets should be instant with a nagging to learn about it.
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it's a artifact of the old way of creating accounts. now accounts are minimally usable upon creation with like 3 comments / week. Unless the user invests and buys their own steem. I agree though, the account / wallet creation should be free.
What other sites give away free money?
Some of us have invested money in steem and only lost it. I've worked hard curating on the platform trying to make it a more hospitable place for artists because I want them to get some of this "free money" but in the end most are ignored, get no views or upvotes, and I've wasted my time and money.
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And I'm supposed to feel bad because they weren't determined enough to stick this place out for the long haul? lol. Go back to facebook, twitter etc. And have fun there paying to "boost" your own post. That's what facebook does, they make you pay them, so they will show your post to more of your audience. The people that already "like" your page anyways. Facebook doesn't let them all see your stuff. It will go into the feeds of only like 1% of your audience, unless you want to cough up some dough.
Please check this out: Why our way of distributing Steem by voting sucks, why it does not scale and how we can improve this situation
My team is working an a solution: Wise - 2nd layer voting protocol for Steem, which helps curate better content. https://wise.vote/. It is already working, but we should have a official release very soon.
Steem community already have all professional curators we need. The problem is... that those curators are not properly empowered.
Wise was beta-tested among polish community and few early adopters. To give you some example of possibilities of Wise, currently I am delegating single votes (not SteemPower, but single votes!) to 30+ people, which I considered experts in certain area of expertise.
How this scale? Everyone can delegate single votes to chosen users which focus on own areas of interest. Wise protocol is non-profit and open-source.
I find this plan very interesting. I will have to think about it more deeply. I did go to read the original post and gave it a quick read.
You got a 2.50% upvote from @oceanwhale courtesy of @industriousliv! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!
Looks interesting. Do you have any plans for connecting delegators and voters? For example I have been working hard to support artists on the platform, I have voted very unselfishly for a long time because that is how I think the platform would work best, but my stake is so small, and I have no one to ask to help me with vote power in this task. Where do I go to find a whale interested in the types of votes that I make?
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On our Wise Hub experts/curators will be able to generate links, which will allow delegators (aka. Wise Patrons) to delegate a certain amount of votes per week under specified conditions.
So for example you will be able to add to your post a "magic link" with a description:
Please delegate to me 5 of your votes per week, which Wise protocol will allow me to use only to post with tag #art
It's very tempting for us to implement list of top wise curators with categories... but personally I do not want to create such a ranking, because a lot of people would later just chose top curators... and that could spoil those curators and decrease decentralization of Wise.
Take a look on this (our brochure from SteemFest):
so the link generator isn't available yet correct? This is exciting, i'm looking forward to trying this out. Any interest in delegating me some ammount for a week in #art to try it out? Or know any one using the platform interested in supporting artists?
I just did that few minutes ago :) Please check this comment.
Wise is young project... but currently users like you have an incentive to ask other users for single-votes-delegation. I believe you can ask all your friends which know that you are an expert in art, to delegate you just a few votes per week. They can restrict this... so you will not be able to use their vote for example if they will not have a lot of voting power.
I believe it should be easier to convince someone to delegate 1 vote per week, and to remain in control... rather than delegating SteemPower and lose a control over it.
I am glad that you like it :)
Cool I'll take a look
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Professional curators? Are you kiding me? So you will say they you have pros and they are doing a shit job.... wtf...
lets give them more money, maybe then they will make better job....reduces... waw...
Time for a change. Steem on✌️
@solar I made this post also today. So you see the same problem to ... and I thnik we are not the only one 🤘
I just mean that if some people set some goals to create a healthy ecosytem of users like: "we want to have 1000 artists that post at least once a week", then a hired curator with delegated steem could focus on a certain type of voting, and reblogging. This happens a bit, people have built communities around certain ideas, but ultimately the most interesting content gets drowned out by the most persistent content, or those who are self voting.
There are some good programs out there like @curie @utopian-io but not nearly enough actual community building has been supported on the platform.
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@solar I will add only this....
As I told in my previous post... Im working with on of the top movie makers in the world!!!
Nobody give a ..... not even @dtube
I have the
world leading expert in weather photography and storm chasing,
interestet in STEEM (oh yes, we have a accound) YES, you all have seen his work !!!...
but still nobody give a ....
@ned, maybe you will see a little value and maybe even help
I mean your posts are making more than most people's. Its not a lot but honestly payment should be secondary to views on the platform in my opinion.
None of this is simple, but where we can agree is what we have isn't working.
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I noticed that you created a ruleset for yourself:
Yeah, protocol allows that, but this doesn't make to much sense in this configuration.
Best use case is... when someone with much stronger votes allow you to vote on his vote.
So, I created a 2 votes per week delegation to you:
So now you can vote on my behalf via https://wise.vote/voting-page/
Use it wisely :)
Thanks @noisy yeah I didn't know what I was doing. Thanks so much, ill try it out this week!
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The key is allow each curator to focus only on things which he or she really likes.
For example, I read tag #steemdev anyway... and I enjoy that so this is not a hard job for me to curate this content.
For example, in polish community there is a girl which only focus on cooking. Cooking is her hobby and she reads this content anyway. They key thing here is that for example I delegated to her few of my votes per week, but she can only use that on posts about cooking.
She is not doing this for free either. Because she can use my much stronger vote, she can vote first and then use my vote... and maximize own curation rewards even 10-20 times.
Important thing is.. that she do note have to use my vote. If she will not do that it won't be wasted, because it will be used by other curators on other tags. If she will abuse my vote, I can cancel it or reduce or remove whole delegation.
This a decentralized voting done in a Wise way.
I CAN T BELIVE THIS....
........The key is allow each curator to focus only on things which he or she really likes...... SO
So curators are PROS, but tehy upvote what they like ?
Its like you saying, we have educated, qualefide people in space.
And then you say we have a gardner, music teacher , dancer....
BUT
...they are making a good job!
..... stopp the madness! The mindset, that you have... it old and it's not working anymore...
That is a good read, I had not considered how it could get challenging voting organically once your vote is worth more.
That's so cool you're doing that. We met and talked at Steefest3. I curate Steemit Open Mic, the longest running contest on Steemit and am interested in getting a single upvote delegation from you to give to someone who enters the contest. Please consider delegating and thanks for the work you're doing. Really cool stuff.
I would be verry happy to delegate my votes/voting power to people like you. The problem is... that I already delegate to 30 people. And because of current price of Steem this vote currently is not worth as much as it used to.
So you shouldn't asked me, but people which do not use own voting power... or vote for less-than-ideal content.
Also.. I belive that delegating someone voting power or single votes... so this person could vote themself... is far from being optimal. It still much better than autoupvoter (because you could decide when you would like to use stronger votes), but optimal way is to curate content you like and which you are really an expert about it.
So for example, what is your area of expertise. In which fields you could very easilly spot trully remarkable posts? And in which field you could very easilly distinguish great posts from average or bad posts?
Interesting you mention self-upvoting. Until the last couple months I only upvoted others, not myself. Recently I have though. However, if I had a delegation I would not use it on myself ever.
I had a delegation for quite some time and when it started I stopped upvoting myself entirely because I was earning enough from curation that it made more sense to save the voting power for others. Running Open Mic takes a lot of votes, so much so that my voting power was always low until @ausbitbank created an account for others to delegate to that only upvote my manually curated upvotes for the openmic tag.
It was so cool he did that without even telling me until it was done. That way I could reduce my voting slider and keep upvoting hundreds of people a week and the other account he created boosted my vote.
It's people like that doing cool things like that that make you realize you're on the right path.
I will stay with Steem for now.
This things take time...
But did Steemit fall like Gab, Minds, Bitchute, Brighteon (Real Video), Infowars, you know, because those websites were attacked, and they continue to be attacked, & even Facebook was attacked, and some of those social networks fell, crashed, at least for a while, but that didn't happen to Steemit, at least not yet, right, which is better than being vulnerable when you are not decentralized, and Gab fell because it was not decentralized, right?
Did you see how bitshares just froze? And people lost shittons of money?
Steem freezes often. I've seen it happen a bunch of times over the last year. Steem is also affected by the markets way too much. A working publishing platform should be able to operate no matter the state of the market, otherwise it's not working right.
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Agreed. Can we seed & mine Steem at all like Bitcoin & BitTorrent? That's what I want for Christmas.
Not really. Steem uses DPoS, so you would have to compete to become a witness which is near impossible without sucking some major D.
Mining here is more about creating consistent blog posts and finding community which will support you.
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When I say mine, I'm trying to reference the computer servers, nodes, that run the Steem blockchain. I want to say "MINING." Or, I also like the other term used on BitTorrent, "SEEDING." But I'm trying to describe either what serving, witnessing, is, or what it should include for Steem. I just want to get more people involved in witnessing. I want more computer servers, nodes, & more compensation for all of that, for Steem, like we might already see with Bitcoin. Why can't Steem borrow from BitTorrent & Bitcoin?
We were attacked once and it slowed down the Steemit website for a couple days and made it really hard to post.
How often is Bitcoin attacked? I wanted to emphasize on the difference between Steem getting hit and Gab. We saw Gab down for a whole week because of what happened for example. Decentralized networks can handle attacks better.
Oh shit, I totally overslept today. Did I get laid off too? Where will I stay? Where will I get my special shampoo made out of panda tears with baby penguin feather applicators? We were just hiring like a week ago. What happened? When I file for unemployment will I get paid in imaginary money? I guess I could reach out to @valvenusent and see if he can put me in contact with The Rock and see if he is ok with taking me in.
If that falls through I guess I could try and get ahold of jerry scamfield and see what new
conproject he is working on.Gumby Jerry made my day.
lol, a Gumby Jerry. Do you have any collector bobblehead Jerrys?
You may have solved all our problems right there. @ned let's get a Mr. Meseeks. He will fix everything. Together our powers are limitless. With his ability to fix things and my dashing good looks, we can take steem to the moon.
I don't think the head bobbles quite enough for "that".
I adore you!
And I adore you @kerrywolf. I see you are new to the platform. I just want to extend a heartfelt welcome. I hope you enjoy it here.
Hahaha!
@nedshair enhances everything
My love for the people is strong like super hold hair gel. That's my secret.
I am getting tired of that little prick getting all the attention. I AM HAIR TOO!!! I demand equal rights. I am tired of the hair pay gap. Support beard sufferage on hard fork 21.
Hahaha, to funny
Well thank you, sir, but in all reality, perfect hair is no laughing matter.
Where there is Bernie, there is drama!
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Jeez full-time has how many bots downvoting you? Witnesses shouldn't be pursuing vendettas like this, reflects badly on them and the platform.
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😂😂😂 You never cease to amaze me
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Ned,
Thanks for the message and transparency. I'm sure this wasn't an easy decision.
I don't want to be overly negative, and I understand there are probably a lot of elements at play, but it's concerning that less than a week ago, this was your message on Facebook:
I'm not sure how a Nov. 21 post with Steem value at $0.41 USD communicates a Steemit Inc. team that is "growing fast," and then, less than a week later (with a $0.32 USD Steem value) more than 70% of the team is laid off.
Probably automatic ads and the hope that the bear market would reverse faster or bottom higher.
It was posted organically on Ned's page; it wasn't an automatic ad. And as for the hope... I think we're all hoping for the best, but surely Ned had a grasp on the reality of the situation. Seeing the steady decline of the crypto market, it's strange to say "growing fast" when a 25% downturn in the market results in laying off 70%+ of your team.
You're right. Good eye!
The current lay off was probably done in preparation of an maybe even deeper drop. Making the team as lean as possible. But I'm not sure about that of course.
These actions were automated and not posted by bots. This was an error and has been removed.
"hoping" is never a good business strategy
Obviously, but life is sometimes like poker, where you have to run a fine-line and play on risk. But I don't think right now is the time to analyze everything into detail, instead, we should focus on giving as much as we can (and want) to bring Steem forward.
That was an error, the post has been removed.
Thanks for the clarification. My response above to @therealwolf was posted after I read this.
There’s an idea. Premium (ad-free with beneficiary) or Free (company driven ad algorithm).
So, let me see if I have this right...
Your company mined, what was it - about 120 to 130 million STEEM or more? And you had been selling millions of STEEM this year since prices had been well over $2.
What happened to all of those millions of dollars, Ned?
You have nothing to show for it except a half-assed interface and some protocol changes that haven’t exactly gone well. Seems to me that any “reorganization” should include the CEO stepping down.
But I actually think this post is your way of announcing a STINC exit after cashing out your millions and millions of dollars. Your small team of developers and a few servers doesn’t cost tens of millions of dollars per year. There’s no point in blaming a “bear market” for having a lack of funds, considering that all of your transactions and STEEM prices are readily available for all to see.
The money is there. It’s the leadership and money management that has failed. The funny thing is - several people have been saying for a while now that this would happen...that nothing useful would ever be delivered and that you’d make your exit after cashing out a large portion of STINC funds.
Makes us wonder what the point of that ninja-mine was, since it was never really spent on development, onboarding, and marketing. Many other people have done so much more around here with a tiny fraction of both the funds and the dev resources.
You and your company should be embarassed and ashamed.
Happy Holidays people laid off but could delegate millions to sailor moon looking girls who had handlers writing for them...slow clap
Have fun with Zuckerberg , hear him and Sandberg really are chill AF
self-aggrandizement,,, Happy Holidays
hehehehhee
Would I suspect be an interesting calculation to make.
I have no reason to believe they are sitting on a pile of cash. The truth is even worse - they did actually spend all those dozens of millions of dollars, just with nothing to show for it.
Seems like closer to it
I wish I could resteem comments... I'd be interested in being able to do the math!
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He had to build The Bridge to announce he was laying off 70% of staff bro. The Bridge cost money, ask Captain Kirk.
I have nothing against Ned but this is very spot on. How such funds have managed to essentially disappear is anyone's guess right now, but it doesn't look good. Looking like poor management and use of time and money. Steemit should have A LOT more to show for it to be at such a scary point.
It's like watching a fancy rocket prepare for launch but only make it a few feet into the air.
I'm sorry you feel this way.
Our team does in fact cost many millions of dollars per year, even after these layoffs.
Infrastructure costs line towards $2MM USD per year. This is the most expensive website per visitor to run through the top 1000 Websites, if not much lower, by infrastructure costs.
People would pay monthy to access RPC nodes. They just don't know they will yet.
Just like people pay monthly for the Digital form of the New York times, or washington post, or LA Times? How many on line monthly subscriptions do you Pay For?
If you want to put it like that. I invest money each month in steem via hosting IPFS nodes. If we had more seeds, and software that enabled lower ram machines to do seeding (as far as the full steem nodes) then centralization wouldn't exist regarding RPC/API and steemit.com
I pay for internet access. I have tried monthly subscriptions before in the past, I will never pay another monthly subscription. (It was not a good experience). I do not see people paying for internet access, then paying other companies to look at their site. It has not worked well for newspapers, and on-line magazines, I doubt it would work for Steemit. Where are the monthly fees companies like AOL, Compuserve, and Genie now? Just saying I do not think people would pay a monthly fee.
If you pay for internet access, you can seed content. Run full Steem nodes and IPFS nodes. 1 Trillion USD has left the big "free/monthly" companies. Because they are unsustainable. The question becomes, why should i host your data? And the response should be from both sides, community.
I had a business plan and discussed it with many people to run nodes-as-a-subscription-service, but I also called all this platform mismanagement bullshit as far back as a year ago or more, and in the end, decided to run my business ideas elsewhere and in different forms, in more accomodating environments.
Ok... Why after several years of service this project is not connected with the "real economy".
You have thousands of users? Ok... Run Ads, what's wrong with that?
More important, you are printing the money, why you don't clearly tell/ foster good content creators? If we write something that will be the first page on Google Search (and yes, there are many examples from my community) it's the free advertisement for Steemit.
Order good authors, real pros - and give them something. If you left the whole thing on "free will" it will go nowhere.
Ha ha ha ha, I agree with your opinion. It's very pleasant.
I wonder if @ned get's the satire of this....
https://steemit.com/blog/@lucylin/these-rc-s-are-doing-my-head-in-comedyopenmic-39
Welp, we tried to tell 'em, David.
But they didn't listen.
Ned, it has been a pleasure working for Steemit, Inc. I wish your remaining team nothing but success. Steem On!!
Hi! Thanks for your great work.
This for me is a great opportunity I'd like to take advantage of.
@Coingecko is a powerful investor and community member. Since you're a Ruby dev, would you consider helping them out with their cryptoexchange project?
Oh wow, that's pretty cool!
It is! With CMC changing their API, CoinGecko is stepping up. With this project, I can only see great things happening.
Actually using Coingecko now. Stopped using CMC. The Kyber integration is a great new feature.
Thanks for your hard work, inertia!
Thank you, inertia! :)
Upvote talks bulshit walks
Great community for social crypto and new invention. Thanks @inertia !
Oh man, I'm sorry inertia. Are you continuing to work on Tinman?
Absolutely.
Amazing! You could even have it rewarded via utopian.
Thanks for everything inertia.
Class act. 👍
Truth be told the fact that you came out in front and put this out here like this speaks volumes. I'm sure that you and the team know how much negativity being transparent usually brings, but despite the possible outcome, the comments that I'm sure will show up on this thread very soon, you decided to put your face on a video and deliver the message yourself.
To me that shows a brave step and leadership, so as much as it feels like you are delivering us bad news you are also feeding the community a dose of realism, which of course is precisely what we need.
I realize that adding more things to the table sounds like an impossibility at the moment, and I'm also aware that some steemians cringe at the idea of selling ads or anything that remotely smells like the legacy system they abandoned. But difficult times require difficult choices being made, and to be honest if coinmarketcap can survive with some ads, I don't see steemit.com sporting a label of treason for adopting a similar strategy.
At any rate, I'm grateful for the video and the post...
@meno
That was the goal of this communication. Transparency is key at this time, more important than ever.
thank you. i'm with @meno and i honor and respect your communication & transparency!
i am also hoping that other front ends like @steempeak, @busy, @partiko, and other dApps that are coming out with incredible developments daily come to the fore as steemit.com falls away (and also looking forward to your new dApp too @ned, but we as of yet don't know too much about it.) It's an incredible time for essential die-back and to see what rises in its place.
I know there has to be many of nerds like myself playing @steemmonsters at least a five games a day to do their daily quest, I see that game having the ability to drive it's own little community off the Steem blockchain.
that's a great point. and i'm a nerd there right along with you! i love that game!
To add to the community aspect, we need lot more than "text". Games & other types of "consumable content" will drive usage.
I like to "start with why" too - but transparency is not a goal to be completed. It is a value you can embody, through practice.
A single communication on this or any topic is hardly transparency; transparency would revisit this idea next week, and the week after, and regularly with updates of some substance.
The RC's problem, is a massive problem.
People don't join a blogging/social media platform to be penalized for blogging and interacting. One post and 2 comments, and you are essentially locked out until the next day!
It's just not a logical to set things up like this.
(if a growth in users, is the desired result)
Agreed
Totally agree and couldnt put it into better words. Thanks @meno.
The Best Comment I Saw Under This Post.
Soooo many talented people use Steemit. I really hope you tap into this resource??: you know to help testing, idea generation, code building, advertising, ..shit pouring you a coffee! everybody has their special skill and can help.
If you want I can work for free remotely to help build your strategy (sound board, idea generation, models) or just work with your leadership team. Have you thought about creating work packages and partnering with like minnow booster 'áuction off work' for an upvote from your wallet for instance. Stop worrying that someone might think this is favouring/or improper use of resource. Stop trying to run it like a conventional business and converting Steem to $ to pay people - litterally just pay people in SP. Let people have regular day jobs and do this at night, like an open source, distributed company - I'm ready to sign up!
I think letting go 70% is an opportunity - time to use that super smart brain of yours and think outta the box (I kinnda think you are hence this post, but man you need to not just sell the vision but the Strategy as well). Re-distribute your Steem to people who care and are willing to work for it! rather then early adopters or bitcoin lotto dudes.
You only need to ask for help and the community will respond. STeem will rise like a Phoenix and take a fiery dump on all those who cash the personal $ vs. the dream.
A difficult message. This is the pivot point. From here either Steemit is reborn or it withers and dies. Steemit has tremendous potential, but largely untapped. Act wisely.
Thanks to all the devs who put their time and effort into making this concept a reality. Hopefully it will not have been in vain. Like you, many of us have stuck around and continued to contribute. We are all in it together.
AGREED
And keeping in mind the steem network of people is more powerful and valuable than STEEM itself at this point, as a blockchain? (so I went to steemfest)
Thank you for the update!
Every coin has two sides, it's sad to hear that you had to lay off so many people, but we think focusing on lowering the cost of running nodes is a very good thing! The bear market forced us into this, but this will be extremely beneficial for scalability and future mass adoption!
Hope we can hear continuous update on the development, and Partiko will do everything we could to support!
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That's really unfortunate - I am still predicting that the market will recover sufficiently in the relatively near future (once bigger investors figure out which one of the schizophrenic bitcoin fragments to support) - but I appreciate that paying staff based on hopeful predictions is not practical.
Ultimately, a decentralised platform needs to be truly that - with much more input from an active and skilled community. My urgent suggestion is to look into adjusting rewards pool payouts to allow for funds to somehow be directed towards Steem and Steemit development specifically. Perhaps utopian can do this alone. I don't know how practical it is to get more community involvement into coding the systems, but it is surely an ideal solution to some of the challenges.
Ultimately a community cohesion is needed and I feel it is partially missing due to the previous low level of communication and interaction between the development team at Steemit inc. and the talented community that uses the system.
In any case, I will continue attempting to improve on the onboarding process via @steempassport and I would like to see more such projects from the community, so that we can truly say that Steem is a decentralised system.
UPDATE: Here's my video response to this situation, calling for more decentralisation as a solution here.
PLEASE EVERYONE WATCH this video response by @ura-soul
https://steempeak.com/steem/@ura-soul/y9vzl3ay
Well done my brilliant brother!
wtf have you been doing these past two years? This platform is such a great idea, but its going to shit because your to busy playing guitar. There is no reason Steem should be laying off people, fuck cant you just upvote them once a week with the Steem account? Even the people over at Smoke.io are better organized then this.
funny, it's hard to argue with actually... ;-)
Lmao this made me laugh. My family is laughing too. The kids are crying... I'm sad again.
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lol, not for the kids though. BUt seriously, I am not the smartest person when it comes to crypto and grammer too. But I do know something great when I see it, and Steem is great. If a 9yo kid can make an app, why cant a team of coders make one? People are leaving this site to go to Steem clones. IT's time to put up, or shut up!
Totally agreed. I hope this all survives.
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They aren't nearly as uptight either.
are you on Smoke.io?
No but I am on whaleshares. As for smoke, I dunno, I've smoked weed for over 35 years. I don't feel compelled to have a whole website that basically is talking about what I consider a regular day. Makes about as much sense to an old dude like me as having a website called cigarettes.com where we all post pics of our marloboros or something. But I don't knock it. Niche sites are a thing. Just in this case, not one I think I'd personally find interesting or bother with.
I lol’d at cigarettes.com +1
Steemarette.io
They actually got cool things planned. If the cannabis industry embraces it, it will really be something interesting. Im having fun over there, but damn with my ever changing grow, i got posts for days. But Steemit is my main one, and will continue to be so, especially with @canna-curate. It would be a dick move to say fuck steem when so many people have invested. I suppose im just venting about @ned horrible management of Steem INC. But one thing I know, it's going to be people like us that makes Steem succeed.
I've grown plenty of weed. Never felt much need to talk about it I guess. You got the rest right though.
But there are mostly fanbois and bootlickers on the page here I see, none asking genuine business questions, like why so many frivolous delegations were possible, over the past couple years, as opposed to paying the bills, bills which seem vastly over cost for the results provided, or why we suddenly hear Ned swapping his use of "I built teh tings" to "we're all in this together".
Wouldn't it be great if @ned came to a Steemian discord to have a town hall meeting?
If your up to it @ned let's do it, and plan a week in advance for it.
Great to have you on Whaleshares!
Smoke on bro see ya on the other side!
I wont give up on Steem, but damn Steem should be the Bitcoin out of all the block chain social media sites.
I totally agree with you mate, the market looks like it mightbe recovering and hopefully only good things to come for steem in the future.
I registered for Smoke. Oh, is that on Steemit? I registered with the same username or maybe with an email address. Maybe I did that wrong. Maybe I should just log in.
Ok. Look me up, same name as Steem
That's a hard post to make, ned. I guess it's now time that the community, witnesses and stakeholders step up and take responsibility for this decentralised platform.
If this ship sinks, we're all going down. But we're not going to let that happen, right?
I can only speak for myself, but I'll stay here as long as this ship is above water.
We're all in this together, that's our mentality too.
So now it's "we"... figures.
ahhh this OG Demographic uses too many words, is gonna be truncated to Instagram, isn't that already a thing though with FB and Instagram, Cork quick.....go throw on a scarf and do a Dr. Evil pose and look Coy!
Just upvote your developers once a week... This would help them a lot...
Posted using Partiko Android
Too bad your witnesses don't feel the same way. 2 years later and most of them aren't doing shit.
(upvoted because @fulltimegeek is a flat-earth believing beotch)
@berniesanders They are making money :P... (?)
omg the fact that you inserted this is hilarious and concerning. Bearish for bearbear
The steem blockchain is lucky to have someone as dedicated as you @therealwolf as part of our community. Your words were reassuring in these times of the bear!
I hope it will stay afloat for hundreds of years to come.
Posted using Partiko Android
This is unfortunate but given all of what has happened with steemit in the past year it's not unexpected. I feel that if SMT had came out sooner things might have been better.
Posted using Partiko Android
that begs the question....how does this effect the target date for SMT’s in 2019?
Posted using Partiko iOS
Focusing on cost reductions will affect the target date. We don't know how at this point.
I think you are stressed too much... It's certainly not the end of the world, at least for crypto... Wake up Ned! Now the smart money is accumulating not selling... But reducing cost is not bad...
I truly hope more is cut away and SMTs are made the focus. This is our hope and bread and butter.
Totally understandable. At the end of the day you are running a business.
Posted using Partiko Android
Good question. :/
I have low expectations on that SMT thing actually.
Trust me, the very last option is to lay off good engineers
Steemit is bankrupt, essentially. Nobody saw the crypto market pullback coming, or didn't prepare adequately. It doesn't strike confidence into my heart, to be honest, especially after the debacle that was HF20.
Cautiously optimistic, with heavy emphasis on the caution. All I can do is hope the correct people were fired, and the correct people kept, so that the magic that once started this great place might be recaptured. Good luck to us all.
The largest problem with this chain has and will always be the fact that it costs a ton of money to run a full node. This is due to the large memory footprint that exists on the chain. Pruning your development team to such a degree is not going to fix this problem. And frankly while the market has dropped considerably and it makes sense to see layoffs as a result; this post basically ensures that steem will continue to fail.
For the life of me, I don't understand why you guys thought it was sustainable to maintain your company on the price of the chain. Crypto by nature is an extremely volatile vehicle and you have no elements in place to act as a stop gap. You guys threw all of your eggs in the SMT basket and that never bore fruit and now you've been killed by a problem that has existed since the chain was turned into a social media platform (the memory problem).
I also don't understand why you guys didn't try to market the fact that this chain has no fees more. Instead you made a restrictive social media platform which obfuscated the benefits of the chain.
Oh, well, its been a nice ride and I can take many of the lessons I learned from steem and improve on them. Tx speeds don't really matter if the cost of running a node is absurdly high and no one can run one. Proof of stake doesn't work when you've only got a handful of people owning 70-80% of your tokens. A decentralized platform is supposed to be decentralized and if no one can run a full node then the platform is not decentralized. Having a coin that prints out a dynamic market cap every year is going to drive the price down too much when a huge upset happens on the market. Etc etc etc.
This is a great comment, and it really nails some important issues on this blockchain.
Thanks. SY-
May the best dapp(s) win.
One thing is for certain, those vested in the #Steem blockchain will win no matter what.
If steemit.com got ads, I'd just use steempeak.com.
What's the big deal about the dApps?
It's what we're using to play on the Steem blockchain right now, steemit.com is a dapp.
https://app.co/steem
It's also the only app needed. Everything else is unnecessary.
Why do you believe that?
Steemit is the only app needed? 100% disagree with you on that. Yes, you can do the things that you can do on other apps on STEEMIT, but can you do it even a quarter as good? The dedication to one topic is what makes them great. Most people don't want to read the thousands of blogs out there on STEEM, but would rather just stay in a small subset of it. Apps help that happen. Like photography stuff? Use the number two app in the above picture, steepshot. You've got tons more like that.
The only app needed? That doesn't make any sense at all. Currently, it's the worst way of all to interact with steem.
It allows for rewarding content creators and curators. The only thing I care about. Everything else, to me, is pointless fluff.
But I've pretty much moved on from Steemit anyway, so whatever.
lots of shots of Jägermeister tonight schattenjaeger :)
steemit is not steem, not sure how you got a rep 70 without understanding what this platform is made of, or how it all works, (guessing via bots) but your comments indicate you don't know how steemit is not steem and what the other dapps even are. I have nothing further to discuss in this thread.
Is Smoke built on Steem? I'm asking because I registered with Smoke. Maybe I did it wrong. Maybe I should have logged in.
You realize you can block ads right? Guessing not. The point of ads is to extend the funding of the company that is the main dev provider of this blockchain. If SteemIt goes belly up you won't be using SteemSpeak because it likely won't run at all.
Not surprised you don't see the benefit of ads while also eating from the hand that is SteemIt
I'm terribly sorry you are so triggered by the fact that I don't want to be advertised to. Thanks I know about ad blockers, I'm looking for a better world, one without corporations shoving their shit in my face.
SteemSpeak? What is that? You mean Steempeak.com. So, if steemit.com fails somehow, you think that the other interfaces will as well. Ok. Interesting opinion.
LOL. You are the expert on that, aren't you...go play with your comment farm (s) @netuoso.
Edit: @neutoso flagged it, he really is triggered hahaaa what a #coont.
Click here to vote for the amazing witness @nextgencrypto!!!
too bad to hear this, in this bear market all the people, all projects and all corporations including steemit.com are affected.
But I am still confident of steemit’s future. For me It is not only about cryptocurrency value, but also concerns fantastic Community, ecosystem, dApp and social network. Good news is low steem price has attracted more people to steemit world, and encouraged more people to buy and power up steem. That is the true value of steemit and it will stay stable in bear market.
Posted using Partiko iOS
You have 10's of millions of STEEM. Find large investors and sell stake in your company... like all other startup businesses.
You have to build your own runway, just as we do in my primary field. It's not going to build itself for you, and you can't count on the residual income from 'cryptomainia' because if you do, you find that your runway was short!
You can also offer investment opportunity in the company steemit inc, through more traditional stock based mechanisms in addition to your crypto currency. Either way, development costs money, and you can't get far with out some people with deep pockets that see the value in your vision.
My guess is there was a logic behind not selling the big stake of their Steem. Imagine how the community would have reacted if Steemit Inc. would have started selling millions of Steem more than what is needed to keep running and build a buffer.
Be transparent and release financial statements for all to see. Its not hard to build community confidence. Nobody freaks out when other startup companies do fund acquisitions. Anyone who thinks that crypto currencies are stable enough to use exclusively for building a project... is kidding themselves at this stage at least.
Cryptos are an amazing tool with a massive potential, but they are still (despite how long they have been around) in their infancy.
I get your point, but really, communication and transparency build confidence and allow a company the flexibility to do what they need, in order to grow.
Maybe they could of done some type of security token offering to raise money
Posted using Partiko Android
Those things are going to set off the SEC hounds and regulators. It's a risky move. Several crypto companies have already been prosecuted.
but those were not registered ones. I talking about doing a registered one
Posted using Partiko Android
How about just doing private offering of actual stocks like a normal company. Not everything has to be completely crypto-centric.
Imagine how community would react when we read that 70% of staff was fired because the crypto went down? It's ok for 3-months old startup from a garage, but this must be sustainable and stable after several years. You can't live on promises forever
My company is 10 years old and we still don't have strong revenue. Were still "living on promises." Depending on the scope of what you are out to accomplish, things do actually take quite a bit of time.
Uh what? This shit happens to companies who have been around for years quite frequently. The startup phase doesn't just end as soon as you seem to think...
Edit: Note I'm not actually defending Steemit Inc here. I just don't agree with the perspective of your criticisms.
SteemIt has been selling since the beginning. They are the driving force of the sell pressure. Not sure what you mean imagine if they had been selling.
We have come a long way, time to take a breather and look back on where we have been and look at how awesome things have become.
On the technological side of STEEM it has never been easier to write apps/front ends with the source code generously documented on github.
a lot of great innovation creating the "Steem Grid" which we live on now. And right now is waiting for the future when SMTs are an integrated part of the blockchain so everything can run decentralised and trade decentralised.
My goal with SMTs are to rapidly get up 10,000+ communities all running advertisement around the world and on the Internet to invest in their "shitcoin Media Talkum" or some really "Shady Mafia Tokens" or legit "Smart Media Tokens".
When SMTs successfully launches completed with the internal or decentralised marketplace, when I start seeing advertisement or spam in my wallet to support X, Y or Z SMTs, that will be the sign to just corner the STEEM market and just buy high and sell higher because the gateway into SMTs go via STEEM, and it will put an enormous demand for STEEM which will eat up the supply from the big markets in order to secure enough STEEM to be a player.
Love your camera setup, @ned, do not worry about the future, we shall set new all-time highs soon enough.
ehhhh, about that...
WE all hope for this, and somehow, with PAST PERFORMANCE, it's just so unlikely?
Wishing well, it could happen but seems SIGNIFICANTLY LESS LIKELY with this kind of planning, forethought, management style and communication. Am I wrong?
It's good that recently you and your team have tried to have more contact with the users of the platform but I still feel like you're treating us / them in the old way of things, with partial information designed with a purpose, instead of just plain information about what's going on.
There's just not enough information here to know anything of value, except that you acknowledge publicly your layoffs and are trying to make sure your users to not panic. Nothing about why you relied on the STEEM price at what it was like, what your contingency plans were / are (if any), etc.
It's especially typical and in bad faith considering the recent remarks about your other project, keeping the line on SMTs, and even Facebook ads. Communication in good faith does not produce surprises like this. While you are free to run your business as you choose it's clear to me that you lack a fundamental respect for the users who are underpinning the network. I hope this changes some day.
What we see here are excuses and a bad massage.
2 weeks after SF3... just as I assumed.
I met @ned, talked to him for all of 30 seconds, was quickly "ushered away" after our photograph together, and wow, I was so unimpressed, I think I could engineer a better "internet blockchain for social media owned by the public".
That was my take away... but glad I attended.
For those who had to be let go: Thanks for all that you've done for us. For me, Steem has been of huge impact of how I live my life and how I look at the future. Know you have contributed to that.
For those who are here, developing, contributing, working hard: Thank you. Really. I'm still here as well and as a 'Jack of all Trades' please contact me if you are working on advancing Steem in any way and could use a pair of extra hands in your project team.
Cheers all, times are tough, but as long as we're continuing to work we'll be able to be a little better and stronger and closer to where we want to be every day.
I see many comments which say nobody is offering any solution. This is how I see the current situation: The Sustainability of Steem - Is Freemium Broken? and this is the solution our team came up with which could potentially boost the whole ecosystem: Steeve's Business Plan
Posted using Steeve
We know as well as anyone how the bear market hurts the whole industry. However, we strongly believe that this is the best time for laying the groundwork not only for development but also in partnerships and strengthening the bonds with your community.
THIS IS THE TIME TO ACT.
As someone who joins the Steem ecosystem only recently, it's clear from our outsider perspective that @ned you still have a very strong community support. Colourful as their language may be, at least they are still here on the blockchain.
The bear market won't easily destroy the Steem community, that we can obviously see. It's why @coingecko is confident with our 22k steem power vested in our account.
We bid you all the best in what you have planned following the layoff and hope to read more from you soon.
This is the kind of thing I wish more people would see as clear as you do! love it
Awesome response. The community support is still strong. Many are invested (both time and SP) and definitely want STEEM to succeed. Failing is not an option.
Definitely, most who have the capital see this as opportunity and it should be seen as that - opportunity.
Thanks for staying with us!
Let this be an eye opener to this entire community. Steemit and Steem are a BUSINESS FIRST and if the BUSINESS runs out of money so does all of its COMMUNITIES. As a business owner myself I’ve had to hire and fire handfuls of people. You make adjustments. You FIND a way. I appreciate your transparency @Ned but this is not “bad news” in my opinion. It’s Business. And we all have a new challenge. We need to support @ned and Steemit inc now more than ever. Steem on!
They’re a business paying themselves from volatile markets? This place is more like a used car lot where hucksters abound, I’d say. This platform was abandoned for a new UI, has sat pretty much unchanged in beta for well over two years, and SMTs are delayed. What kind of serious business stakes staff salaries entirely on the volatile markets?
The tough times are for those who have put everything into this place. I’m sure Ned and crew have more than enough of a financial pad to be alright.
I agree that paying your staff with highly volatile currency isn’t very smart. There should have been a big chunk of USD set aside for 5-10 years to deal with a highly volatile market. That being said this is the situation we’re in now... all we can do is move forward
That’s just the thing for me, though. Moving forward is what I thought this UI was supposed to all about. But now SMTs are further delayed, here we are still in beta after over 2 years, and now they’ve laid off 70% of the team and are switching to a new website.
Smells fishy as hell to me.
That and new users can now only comment/post a few times before RCs are depleted.
I was a big evangelist for this project and site, but no longer. Now they cannot even pay staff unless the crypto market is thriving?
Anyway. Venting a bit here. I appreciate your reply.
None of your venting is wrong.
Would it help if we all had the ability to opt-in to witnessing, in getting paid to contribute computer processing speed, CPU, GHZ, memory (RAM), hard drive disk space (HDD), for serving the blockchain, the transactions? AKA mining Steem. I've yet to mine Bitcoin. I may do that. I would love to mine Steem. But witnesses shouldn't rely only on Steem. They should have backup income, etc. Otherwise, life happens. Gotta have backups, options, in life, in investing, in everything. Steemit is still better than Minds, Gabs, Bitchute, Brighteon, in some ways. So, I'll continue to do what I can to promote Steemit regardless, still.
So will all the brilliant business minds on Steem now provide input on how best to monetize the Steem ecosystem?
70% of the team? You guys didn’t have a backup plan to compensate for bear markets? Makes sense now why this platform sat for two years and hasn’t changed much at all, is still in beta, and is now being abandoned for a new UI.
$$$
Kinda gross.
Thanks for this open communication!
Well said @ned. This kind of thing is a great learning experience, both for Steemit and for the community. Steem was built with great vision, and is still the best darned BC in existence. A big price burp isn't going to change that.
Remember, Steemworks!
Thoughts and Prayers going out to those who lost their jobs. Maybe @fundition could hold a Christmas/Holiday drive to raise funds for those families effected in the layoff's so at least they can have a little something for the holiday season ahead?
@ned you should start ad network on steemit it will grab more investor on steem , You know 90% of people on steemit are from usa and you should know Usa traffic is how much valuable, Make steemit real social media where companies buy steem and invest to buy ads for their business and website so that it will increase steem market capital.
"Necessity is the mother of innovation", although the bear market has removed the amount of capital available for many projects. We must remember that a lot of progress can be made by tapping into the real strengths of the steem blockchain.
I believe that strength is the amazing community we have here on the steem blockchain. I don't mean that we can be nice and have a group hug, as good as that may make us feel. I mean it's time to do a skills audit of the people on the steem blockchain and find ways to crowd source from our community the resources we can use to make the steem blockchain grow and not become dead in the water.
It's time to empower the steem community and not just see them as beta testers. Many have invested both time and money into this project and they should be given the respect they deserve and a channel to air their thoughts and have them listened to.
When the prices were higher, it was easy for everyone to just do their own thing and see which worked better.
I think now is a time for better coordination so we can avoid duplication of effort and be as efficient as possible to make sure the steem blockchain, not only survives, but thrives.
@kabir88
48!!! Wooooooo!!!
For anyone reading this in the future, that's a reference to my reputation rating of 48, not the steem price ;)
DAC anyone?
I think we need a community based structure to handle blockchain development, promotion and venture building and a foundation to protect the steem project in the real world.
This is important as it means we are creating structures that give the steem blockchain some redundancy should steemit Inc fail or become ineffective.
If that happens to be a DAC or some other structure, I don't mind
RIGHT...
But WHO do you Want to OWN 51%?
@ned ?
Not so much...
I would suggest it runs like any other dapp, but rather than providing a platform for content, it could be a platform for voting and deciding which improvements to the blockchain to fund. A bit like Utopian, but for the steem blockchains development.
Ownership would depend on who puts up the stake to reward the developers. If in doubt, go for the golden rule, he who has the gold, makes the rules.
Would an increase in witnesses help?
If you need capital focus on business growth and building the ecosystem. Crypto communities got lazy when prices went really high and stopped focusing on monetizing and profit. New tech is fun but now the new tech needs to have a business plan behind it. Every project is a business. Every blogger is a business. If you're running a charity then just say so otherwise it has to profit.
I'm sure many of those staff are reading the comments, so I'd like to say;
Thankyou for your dedication. I know this can't be easy for you, you pour your heart and soul into your work and it'll feel like you're leaving a lot of yourself on that empty desk, but the skills and relationships you've developed walk out of the door with you, along with our gratitude and respect.
Tuff times in the whole crypto market! However, I believe in steem ! 💪🏼🙌🏼💯
yep!
Only the STRONG will survive
This is the healthiest thing that could of happened to crypto. I'm actually hoping that btc mining becomes unprofitable when and if it goes below 3k so that POS coins can takeover the top spots on CMC.
Remove SBDs competely because a) they don't hold a peg either upside or downside so it's pointless b) it puts selling pressure on steem during these low prices c) it makes it more complex with exchanges. Making things as simple as possible for exchanges should be a huge priority.
My suggestion for #2 will prob be ignored but it was worth a try lol.
Internal market is very important as long as sbd is around
im not talked about internal sbd/steem market.
I talked about buy/sell button which goes to blocktrades!
People buying or selling millions of steem and its not showing in exchanges (like bittrex,binance)
and people dont see volume of all trades, and because of it steem is much much underrated in crypto.
Not to mention huge conflicts of interest and centralization issues surrounding the inclusion of contractors who helped built bitshares and steem being the built in outlet for transactions.
I asked @ned 18 months ago "get rid of SBD" because it's too difficult to explain to new users, AND you admit yourself, "it's always broken"... but he could not extract the idea from the product at that time.
I don't believe there ever was a "product", just a test lab.
Steemit and Steem itself is a test lab, everything is a test lab. I think removing SBD is a step in the right direction. There are other stable coins specifically designed for this. Also caculators do the job just fine in calculating the amount of steem needed for any given transaction.
Yes SBD's are a liability.
Dear @ned,
I realize that at the time of this comment, with the 249 existing comments, I'd have better luck tying a couple tin cans together and then tossing one as far west as I can throw, hoping you'll notice me... but, dude... if you manage to hear my little voice in this wildly unballanced clamor of yesmen, please take a second and check out my stream. Your time is valuable and I'd really appreciate your attention, even if you disagree with what I'm trying (and mostly failing) to do. It's gotten bad enough that I don't even care anymore if you wipe me out for mouthing off to you. (Uh, like, please don't though, okay?)
I want you to watch this thing. I warn you, it's really long, clocking in at over 20min but it's totally worth it. But if you wanna just cut to the chase, you can skip to minute 16-18ish for the part where I talk right at you.
I've tried getting your attention a few times during my year on Steem, with varying levels of aplomb (or the lack thereof) to no avail. But now that you're putting yourself out there to be approached, can we please get some sort of dialog going? I represent a bunch of little fish- a position I didn't insert myself into willingly- and we could really use some frickin help, my bro!
Please, for everyone's sake, set down the damn guitar, put on a grownass man's outfit, check this shit out, and then, for the love of Steem, DO SOMETHING! PLEASE! We're dying here ffs!!
You don't even have to flag @berniesanders, okay? Just weigh in on how newcomers and fulltime steemians matter to you in some way, alright? You wanna be the cool bossguy? Here's your chance.
Please, Obi-Ned Kenobi! You're, like totally, our only hope, guy! lulz
https://steemit.com/vimmtv/@kerrywolf/8b3ed28f8b7899e5c5b3f30775bb8071-vimmtv
Hugz 'N Kisses,
KAW
P.S. Nice hair, brah!
LMAO!!!!
thank goodness that new CEO gig you've got going on isn't getting in the way of all that great guitar playing. Or that the guitar playing isn't getting in the way of being CEO of Steemit... or.... um. No, you're right, this is fine
Hi @ned, i love Steemit and i am trying to support it as much as i can, but there are people who are doing more and it will be very useful if you can give your support to them.
This is the post of a very Steemit lover user:
https://steemit.com/steemit/@crypto.piotr/delegating-up-to-1200-steem-power-to-curators-and-solid-bloggers
Please look at it and i hope many others will do the same, we are on the right way if we will give to Steemit again the past interest...:)))
Thank you for that comment @intellihandling :)
Best of luck @ned! STEEM will always be my first crypto love affair no matter what happens! I would like some STEEM babies tho! 😂
Can't your staff just use the bid bots?
I didn't understand why you called 'steemit ded' in your last post, now that I have read this post, I understand 😕
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Well, this makes things interesting going forward. All the best to the team, both those staying and those moving on.
Woah that is a lot of responses. I think pruning the chain is a necessity in order to keep costs down. Might be a good but potentially incendiary to have a server archive cluster that sat completely off the blockchain. fill this full of ads etc
For the blochain itself sell corporate accounts with the option to buy into capped levels.
Consider a dapp token that functions as introduction to steemit that totally holds the hands of newbies before they go on the chain itself. It needs to be totally gamified. Once people "pass" this baby chain they then go onto Steemit.
Don't quit. This is firesale time .....ok quit playing guitar :D
I'm sure this hasn't been an easy decision.
Is there a way the community can help support Steemit Inc's work through delegation of SP? I'd be happy to put my spare SP to work if it helped you all keep the lights on.
Crowdfunding Steemit Inc’s development is as simple as buying Steem! Like a nation at war encourages its citizens to buy war bonds, we should all be rallying to support Steem on the marketplace. Higher value eases the financial constraints of developers & witnesses; and if the crisis passes supporters have actually earned rather than simply donated.
Steem is a business. Offer utility and monetize in a way where people have to buy Steem to get what they want from Steem.
You know, there really could be an option within all our Settings page that has a check box we can mark that sends a certain percent back to Steemit automatically.
Same here. Would be willing to delegate SP if it helps.
Shudang... The update is appreciated tho. The community aspect has been pretty successful in my view. That's a main reason why I'm still here as well.
😂
Posted using Partiko Android
miss that dude?)
Mannn... 70%? At what kind of price does steem need to be at to keep a full staff?