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RE: It Has Been a Long Ride: Today is my 5th Anniversary of Joining Steemit
2017... it doesn't seem that long ago yet to many of us it really is a lifetime.
Despite having no knowledge of Steemit when the Hard Fork happened, I sometimes look at some of the posts from around that period and I wonder what Steemit could be now if people had worked together instead of against the unknown of Justin Sun.
Hard to say, isn't it? Mind you, Steemit had plenty of problems before Justin came along and rocked the boat; the utterly hapless Steemit, Inc. (including "Ned's Hair!") that couldn't ever get anything done to save their lives... I do ponder that, sometimes... and wonder if there might not have been a fork, anyway but by people simply were tired of the pervasive inaction.
At least now we're starting to see at least a little development coming from some of the witnesses; there is not "they" that will make this place magically work, there is only us...
Thanks for stopping by!
I look at Hive and am impressed by the quality of content - the main reason you joined Steemit in fact and then I see things like this
Where a "friend" downvotes content for some pathetic reason. I'm pleased that we don't have that here.
And me 🙂
Ah yes. that's right... you're a coder, as well!
Hive is doing well because they are building stuff that generates demand for the token, which in turn also drives the activity level on the blogging side. The success of Splinterlands had a huge impact; for a while they alone were generating 5,000-10,000 new signups a day with people who were gaming, not blogging... but they all needed to buy Hive tokens to get game assets. Within the next couple of months the SPK Network (A YouTube-ish thing) and the Ragnarok game will come online and likely have similar impacts.
It makes me happy the Xpilar is doing DeFi because it's diversified use of the chain... and I say that as a dedicated blogger.
I don't understand how any of the Splinterlands add-ons work. Am I correct in thinking that players can mine / win tokens by playing the game? It'd be great if somebody much smarter than me could develop something like that on Steem and give us another lease of life.
It does make me wonder though... if there are so many different methods to earn Hive, will that reduce the reward pool for the blogging side of things and perhaps give Steem the potential to be the primary write-to-earn platform again?
I don't understand DeFi either!.
A lot of this stuff is really "above my pay grade!"
As best I understand it... meh...
Hive is becoming more and more like Ethereum: a "utility" token. With Splinterlands, you need Hive to buy game assets, or rather, to buy the game tokens that run the game. You don't earn Hive from playing Splinterlands, you earn Dark Energy Crystals (DEC), Splintershards (SPS) which is the governance token... but it all runs on the Hive blockchain. A bit like Pancakeswap is its own little world (speaking of DeFi) but it runs on the Binance Smart Chain, and you need BNB tokens enter and exit.
The Hive tokens behind Splinterlands exist independently of the game; you just have to have some as HivePower in order to have enough resource credits (which we have here on Steemit, as well) to be able to do much. Hence, these dApps essentially lock up tokens, thereby reducing the "market float," which tends to lift the price. In the first 8 weeks of Splinterlands, something on the order for 40 million Hive left exchanges and more or less were "locked up" in account creation and purchasing game assets.
I think the best thing Steemit can do for itself — at least in the first iteration is to "re-imagine" itself with a new "more 2022" front end and a marketing effort that pitches that this is a "new and improved" Steemit for bloggers and content creators.
I think I understand, thanks for explaining 👍🏼
I need to make more progress with the front-end - life keeps getting in the way so I haven't been able to spend any meaningful time on it recently. What I have decided though, is that I can mute all of the spammers and those abusing the system from my front-end so that Steemit can appear to be much more savoury than it really is. I very rarely look at the main news feed these days but when I do, it looks like half of the content is spam and crap getting auto-upvotes. Steemit needs a good, old fashioned clear out where accounts are ruthlessly deleted.