Even though i know you know this already to all the other people reading the comments: What that witness is talking about is that there is a difference between STEEM and Steemit, STEEM is the blockchain that you are using and steemit is just one of the many platforms that run on this blockchain... dtube, dmania, utopian, steemit, etc... they are all platforms that run on top of the steem blockchain, making the steem blockchain better is more important then making the content on steemit better, not everyone will use the steem blockchain because of steemit! Making the STEEM blockchain better, more easily acessible,etc... will make STEEM price go up! SMT for example are a huge part of that, SMT will be tokens that will run on top of the STEEM blockchain, any token that runs on top of the platform will make the steem price go up, SMT should be a priority!!
Just checked what Jesta is doing, or at least trying to do:
Vessel: Desktop wallet for Steem
chainBB: Forum interface for Steem
Just this 2 should bring massive new users to the steem blockchain.
From what i got from SMT you will basically spend a X amount of STEEM to make your own token that will run on your own website, this will make it so STEEM price increases because it will deminish the supply of STEEM ea token that is created!!
If you want to get in the top 50 witness you will probably have to learn how to code so that you are able to make the blockchain better, now if you are in the witness game just for some passive income, i'm betting that in the long run steem will be worth more then 10bucks, probably this year, with the amount of blocks that you are getting ea day with those 10 bucks you are able to keep the servers running and getting some passive return, which is always good
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As you can see by my simultaneous comment above, on the same distinctions, we agree. Please keep spreading this accurate information. You are doing it right.
The thing that scares me about steem is that people don't have a single clue the difference between a blockchain and a platform, this is how i know we are in a bubble, i know @valorforfreedom already knows the difference, but many assume other people don't, and i'll be honest, when i joined steem i also had no clue what the difference was, i had to do my own research... SMT, Dtube and Dlive will be the things that make this blockchain great!
And i think running a node for passive income is a great thing... yes, the price might be down atm, but sooner or later it will rise, and when it does the servers will be paied for and you guys will get some good return!
You are like a % of a company, this company isn't making any money atm, almost all companies have some losses here and there, especially at the start, but when the price rises you will get a return from it! Which is always great!
Edit: People also don't know the difference between a coin and a token, or a smart contract, or dividends, passive return, taxes, bubbles, FUD, FOMO, Proof of work, proof of stake, Dapps, i could keep going but i'm going to stop here xD
I'm here to run my streaming networks, giving a voice to anyone who wants to express themselves via live audio and video and to operate my steem exclusive, block chain transparent worldwide humanitarian aid foundation. Running a node is giving back, while helping to ensure the platform remains stable for these projects into the future. It compensates for the costs of operation, time, attention and accountability that come with the job.
Beyond that, it's a free for all why people choose to do it. I witness to make a holistic package out of my offerings and ensure their longevity, while ensuring a place for others to do the same and be heard. My partners in our witness trio team, operating under my name of Sircork, who are both community leaders providing opportunities for any voice to be heard in other formats that complement my video/audio offerings to the steem ecosystem of users, would agree and do the same.
Running a node for passive income, though, is a losing proposition long term, because you simply won't get noticed or voted up, unless you bought the position, then you have a very long time to get topside again.
So there's that.
To be clear. Chain.bb has been sunsetted, and is no longer in service. @Jesta is considering whether to return to it after some other projects or sell it out or pass it on or what to do. He has published about it. But he does a TON of other stuff. Important stuff.