The Silver Lining - Ned and Bloomberg

It seems to me the negative voices have gotten a little louder in the past few days. It's not that I don't understand it, the price of steem is going down once again, and to be honest with you Ned's interview on Bloomberg did not go that great. Don't take my word for it, watch the video yourself it's not that long and it will make my point quite clear.

Negative Press

There are those who believe there is no such thing. Getting your name out there is more important than specifics, but I have the hardest of times subscribing to the idea.

I'm under no illusions that our platform is perfect, that we figured everything out already or that we are currently riding a sustainable course. I'm painfully aware of the shortcomings of this blockchain and in full knowledge of them have decided to stay and do my best, add my two cents as they say to help overcome them.

I know hindsight is always 20/20 and I don't know if any of us "the steem believers" could have done a better job explaining this platform if the need ever surfaced. As someone with some experience in front of cameras I can say that when the red light is on, the game completely changes.

All is not lost

There is a silver lining to this whole thing even though its quite hard to see at this exact second. Making it to Bloomberg is no small feat and for anyone who is paying enough attention, this might be a sign of big change. I fully expect Ned to participate in many more conversations of the kind in the months to come as SMTs and Hive/Communties get ready to launch.

I know many believe the SMT's have become nothing more than a carrot at the end of the stick and that the promise of their launch is one Steemit Inc will never fulfill but, the Korean tour and Bloomberg TV appearance hint otherwise. This might be complete speculation from my part, but I have a feeling we are a month away from a big change, the timing would seem to suggest it.

The first mover advantage

Is nothing to take for granted, and this is the case for Bitcoin and it's certainly the case for Steem. If this little virtual experiment is to survive the shifting of the tide it needs to not ignore the lessons of the recent past. We could attempt to make a case for the unwarranted decline of myspace, but it would fail to take into account the warranted rise of its competitor facebook.

Most of us should be comfortable with the notion that "competition is a good thing". We are competitive by nature and only when we are pushed from our comfort zone do we react in adjustment. I'm saying this because the recent announcement of projects that could be mayor competitors for Steem should not be something that keeps any of us up at night. Change is good, competition is good and there is nothing outrageous about those statements.

But...Where would we go if Steem Fails?

If and let me emphasize the word "IF" Steem does not survive its needed mutation, I fully expect for the market to be filled with great competitors. If this happens, I also fully expect for some of the communities that are currently participating of this blockchain to make their respective migrations.

The most valuable elements of my personal journey on this experiment have been in the form of relationships with people from all over the world. I can't see myself forsaking the connections made just because a blockchain failed us and I suspect there are many who share this sentiment.

I'm interested in your thoughts on this matter, did you see the interview? Are you excited about the competitors, scared or indifferent?

Other posts by yours truly

_{• Helpie Meeting 5/7/2018 - Full Recording
• it's about to get serious
• Celebrating a small milestone, 2000 followers! - Giving away some SBD
• Open Mic Week 83 - Meno - Top 5 Picks and Honorable Mentions
• crossing the bridge to St. Pete}