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RE: STEEM Blockchain: Developer's Paradise Leads To Huge Success!!!
Yes, Steem is a great platform for developers, but to be frank without active investors delegating to these projects, they might as well just make html websites.
Powered by Steem only works when you actually have Steem to power it ;-)
Most developers find the time to develop new apps, but not necessarily have the money to invest in them.
Solve the delegation problem and you'll eventually get more active developers working on the Steem Blockchain.
Fail to solve that problem, and there are plenty of other cashed up blockchains looking for solid development teams.
That is true and hopefully the SMT development helps with that...providing easier access to funding for newer projects.
What is the delegation problem? @blockdeals
The delegation problem is, there is none. Getting delegations is a lot tougher to get than you'd imagine. Steemit INC delegations have dried up and the only options are finding a sponsor that see's value in your work.
To be honest if we started over again, we probably wouldn't until we found a delegation of Steem Power and that may have never happened.
But that's the catch-22 most investors want to see a product not a vision.
Our vision is sound and our platform is rapidly developing but there is no point in taking to the public, without Steem Power to drive it forward.
We will be at a cross roads soon, but until then we'll keep lobbying for delegations in the hope that we might find some.
Thanks @blockdeals
If I understand you correctly, delegation has interestingly become a new sort of fundraising. Delegators, are in a way, investors. The original delegations came from Steemit Inc; but for some reason, has dried up.
Hence, new delegations will need to come from the community, the free market per se.
Is my understanding correct?
Correct. The problem is the community still thinks Steemit INC will handle delegations, because they haven't made any public announcements regarding changes to funding, it's just what we've been told.