I know I am not the only one who is frustrated with the pace of things. Personally, I want Smart Media Tokens out yesterday. Add in Hivemind and updating the Steemit website so it doesn't look like something out of the 1990s, and it is easy to get frustrated.
However, we only need to look at the ERC20 situation to realize that patience is often the best approach.
Before going any further, I am not saying there is anything wrong with ERC20 or is this an attack piece on Ethereum. Hacks take place. Often, it is not even the fault of those involved in the blockchain yet an application that had a security flaw. Nevertheless, this is causing a lot of turmoil throughout the entire sector.
One thing that needs to be realized is that we are all in this together at this point. The cryptocurrency market is so small yet is able to garner a lot of headlines. Because of that, we could look at the entire industry as one ecosystem (of course, we could look at humanity that way too, but then how could we justify all our hate?). Anything that affects Bitcoin or Ethereum negatively puts a mark on the entire sphere.
With people, you often only get one chance. As much as I want the STEEM development team to churn out what they said they would, the simple truth is it is best to make sure it is right. Coding is not easy and often comes with bugs. While these are most often irritating and corrected with the next update, they can be severe enough to destroy any chance of that development being accepted.
There are high hopes for SMTs. As I wrote over the last week, this technology will be able to separate this blockchain from most others. Of course, that is presuming it works properly; an expectation people have yet is not always delivered. The development team needs to deliver a working product. There is no way around it. Failure to come through with this protocol could have devastating affects.
Fortunately, they are taking the time, much to our dismay, making sure they pull it off.
Many on here want to rush ahead and make STEEM the top blockchain. That is sensible since money is on the line. The one problem is that STEEM is not ready to assume that position. There are too many things that need to be worked out. For example, do the ones who are marketing STEEM on Facebook and YouTube understand that it does not matter how many people are driven to the site, the sign up process is still manual? Marketing that gets 1M clicks is not helpful since only a couple thousand accounts each day are approved. The lag between sign up and approval is simply too great.
STEEM has time to get its act together. There are a lot of newer applications that have great potential. That said, it is necessary for them to work out their bugs. Many are scaled down versions meant to get them to market without major problems. Now they have to update to add increased functionality and features. It will happen, it just takes time.
We know STEEM is not the only game in town. There are many other blockchains and lots of social media sites popping up. STEEM does have the advantage of being one of the first to the game. Also, with so many people developing applications, it is going to be difficult for other blockchains focusing upon the same thing to close that time gap. Time takes time. The other sites are going to have to go through their updates while handling the bugs in their system too.
Frustration occurs because our expectations are not met. This is easy to do especially when we were told these things were going to be brought out. Perhaps there are major problems within the development team. However, the idea of ensuring something is correct before releasing it never is a bad thing.
Therefore, instead of focusing upon what is not here at the moment, how about we concentrate our efforts upon that which is already out. There are a number of applications which came out recently that could use support. Go back through my posts over the last few weeks and you will come across a number of them. Use your 4 article posts a day to support the different applications (I say 4 because all feed into the "blog" section on your Steemit account). Helps these applications to grow and become stronger.
Remember, any application in the STEEM ecosystem that gets stronger only makes the STEEM blockchain that much stronger.
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You've spoken well, I discussed this same thing with someone last night. I have mentioned here on your blog a couple of times how much I'm interested in having this updates as promised but then too I'm ready to wait a little more to get a working product. In our tribe we have a proverb: he who rush to cook yam usually serve them undercook.
I won't complain about SMTs not being here until summer is over. If we miss that perfect storm of summer blockchain tech releases I'll be annoyed. Something tells me that @ned really really wants to get SMTs released before EOS on June 30. Call me crazy.
I fully understand that software development takes time, and throw-in the [relatively] unknown blockchain on top of that...it's a recipe for delays.
But with Appics, heralded as the first SMT dapp on the Steem blockchain freshly out of ICO stage and almost ready to invite beta-testers, before launching late 2018, the stakes are high.
Surely the Appics team must have some sort of assurance from Steem Inc that SMTs will be ready, and are on-course for release this year. If not, they've raised a lot of money and built a business on thin-air.
What really frustrates me about Steem is the lack of updates, or progress with the "flagship" Steemit platform. Forget blockchain development, this is simple website development.
They should be iterating, testing and tweaking constantly to improve the user experience...but nada (or next to nothing)!
We all have big dreams for Steem and can see the potential, but dreams and potential only take you so far.
I'm optimistic and a died-in-the-wool hodler, but come on already :)
I do not believe Steemit will be the flagship app in another year. In fact, Busy and OnePlace are much better interfaces in my opinion. Also, the updates to Steemit might be nada since they are going to totally redesign for hivemind...or maybe not.
I agree with you about the communication...it is awful...sadly, this is common among geeks...they are great with a keyboard and designing stuff, bad about dealing with people. Their are highly intelligent yet fail to see the value of consistent updates even if it is only minors changes.
It's kinda messed up though because they have the resources to hire someone to do all that for them. They wouldn't have to even pay this person anything out of their pocket at this point... just upvotes.
Agreed. It's kinda maddening and frustrating as hell, actually. They should be A/B testing this platform to death. With under a million users and 50k to 60k actives, NOW is the time to iterate the front end.
There's little point increasing your blockchain to run 999 million transactions a second instead of 998 million when all the people you're hoping to attract (if this is a business, not a science project) care about is how easy it is to use, and whether they get any value from it.
IMO @ned needs a new partner - a non-tech, customer-focused one.
Are there any competitors for STEEM that focuses on social media?
Great analogy! I liken it to weight training where steady long term gains only happen safely through small increments!
Great article, thanks for sharing. I've smashed the upvote button for you!
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Thanks for cryptocurrency news update sharing... I appreciate your post.
It is time once again for some communication or outreach from our mucky-mucks at the top (-: Either i've missed something, or there really should be weekly updates, even if they are just pep talks, would be appreciated.
ty / peace !
The communication is not very good with the development team.
I thik this is an inspirative post.Slow and steady win the race beacuse it needs to maintain regularity.
This post is really helpful to all newbies here in steemit. I will make this as a reference, I even book- marked it on my PC.
Thank you very much for updating cryptocurrency. We really needed to know about this update. We hope you will share with us the new update of any more cryptocurrency.
I tend to agree that having Steem grow to fast wont be a good thing - there are still lots of things to improve on and that takes time. I know lots of us are impatient, but by growing slowly we allow the problems to be fixes.
Yes the market does move together but as we are starting to see coins are now starting to move on their own and are not so pegged to Bitcoin which is brilliant and shows the growth of the industry!
Agreed! We need to make sure the platform is ready for the potential inflows of new users whih translate to more transactions. The fact that the sign up process is manual and takes too long could hurt growth so we are definitely still at a good time to figure iut how to improve that process. I am sure the community could help fund and design a process that would improve it.
I totally agree with you that Slow and steady wins the race. In whatever it is we do in life l, discouragement and frustration might come but the ability to carry on determines success at a certain point.
Steemit news to individuals was come and do what you do on Facebook and make money. But when it’s not like Facebook when it comes to making the money makes everyone discouraged and back down or leave the platform. Togetherness and encouragement is what is needed. Thanks for sharing light on this
Go one step of the best results that run with risk of falling and hurt. And always at the beginning everything seems slow but if we put enough enthusiasm and we surround ourselves with people with the same thoughts we are all easier.
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Ir paso a paso da mejores resultados que correr con riesgo de caerse y hacerse daño. Y siempre al principio todo parece lento pero si le ponemos el entusiasmo suficiente y nos rodeamos de personas con los mismos pensamientos positivos todo será más fácil.
steemit will be a potential project in the future
I am pumped about SMTs, but like everyone else over here like, where are they.
steem is powerful
My Mother had a saying in the same vein. "The hurrieder you go the behinder you get."
STEEM will only be able to be the top blockchain after the masses come to crypto world, until that happen, BTC will always be the biggest.
For now, when people hear about cryptocurrencies they immediately think about BTC, it's inevitable, but after people realise what crypto is, they will start to rank coins based on real information...