RE: On Recovering From This 'Crash' in Crypto Prices. Why Invest In Steem? SMTs, Reinventing Our Image & Building Steem Co-mm-Unity!
When you have hierarchies of power, rather than hierarchies of competence, it will collapse.....
Power dictates here,(Sp), and not competence.
If competence dictated, then we would not be bleeding users and instead growing them instead.
Business 101.
@themarkymark estimated that there were around 12K active users (about a month ago)... after 2 years as a social media platform!?
In what world does anyone live in to think that is a good metric ?
Too many techy dreamers, with no head in the business world, with no experience of business.
And that's needed, imo.
Everyone is so focused on 'the future', the present is sinking quicker than the titanic.
What would I know?
I'm not a techy whizz kid dreamer...but I have grown lots of businesses in my time...and grown them spectacularly. ( small ish enterprises).
This is not pessimism, but realism - however people on steemit seem to see hard truths as pessimism, which is very indicative of their sensitive natures, fragile ego's and emotional immaturity - and such sensitive souls as this are not good for the 'business world' hierarchies.
No matter how big their SP is...
There are currently around 60,000 actively voting accounts on Steem (from the data on Steem Ocean) - though many of those will not be humans directly causing the voting activity in a normal way. None the less though, for a system that has the backing of over $100 Million, that is pretty poor, I agree.
I agree that there is a lack of business experience among many of those involved and the logic appears to be based on academic theory rather than actual experience. The result appears to often be that the aim ends up pointed towards theoretical targets that don't reflect tried and tested reality. A large amount of cryptocurrency pricing is based on hype and so some of those involved are certainly sensitive to anything that isn't positive hype - none the less though, 'negative is the mother of evolution' and is absolutely necessary to improve things.
Ned's idea of using oracles to identify users specifically, is one method of enforcing '1 user, 1 vote' which would certainly make a big change - but beyond that - other than methods of irradiating bid bots, the options are fairly limited. I am all for experimentation though and I see no reason not to use the reserves of funds to hire more programmers and work on coding more experimental solutions. Maybe they are just waiting for SMTs to be finished - but in that case I would have hired more developers to work on that.
Yeah, I'd be as much help contributing to 'the steemeit business', as an iceberg would be of use contributing to help the titanic on it's way...
...way past my pay grade.
I could always go the next steamfest and pop some idealistic bubbles, though...
I can be bitter medicine that some people need, around these parts.
lmao
(Btw, I really am an optimist, by nature! honest.)