January in Retrospect for Steem
Many people remarked there are so many things happening now around Steem that is hard to keep track of them.
Even more so if we think of it in terms of a month long. But I'll give it a try, to see how much I can remember...
From reducing the costs of running full nodes and in the future of witness nodes too, to Steem Alliance and the 'worker proposal system' for Steem, offered to be implemented by Blocktrades.
Costs of running a full node have already been reduced and, as I read in Steemit blog, more work is put in further reducing them. At the same time, new developments on the RocksDB side is expected to reduce the size of witness nodes, once completed. Both are important steps for making Steem more decentralized and its nodes keepers more immune to harsh market conditions.
Steem Alliance was just going through the initial step of voting a working group.
I don't know if there are any more news referring to @blocktrades offer for implementing a worker proposal system.
And then, we appear to have a more clear division of responsibilities at the top of Steemit, Inc. And much more communication from both Ned and Elizabeth Powell. They seemed very open, even regarding their total stake in STEEM, the number of employees and the number and names of board members. The issue that remains as a huge question mark for me is the continuous power down and the reason they provided for it.
Also during this period there was an initiative to create a Dolphin Council and users who agreed with its constitution (and are at least dolphins) became founding members.
On the outside the ecosystem, we also have a number of positive news and developments that involve Steem.
A very good article I've also mentioned yesterday, which focuses on dApps in general, talks about Steem in favorable (which really means fair) terms, mentioning among other things, that 44% of its STEEM holders use their tokens on dApps, compared to 27% on EOS and 2% on Etherium.
Steem and its dApps have been added to a few more websites that track dApps stats for the entire crypto space. I think the latest was dapp.com. We consistently show that we have some of the most used dApps in the crypto world.
Not so long ago STEEM has been added as a payment option on the general-purpose e-commerce website price-breaker.com, as we found out from @theycallmedan in this post.
We also discovered that 70 out of 3800 businesses which use coinpayments.net as a payment method, include STEEM and/or SBD in their list of supported coins. @pennsif has a great initiative in three steps, to
- Encourage the 70 vendors already taking STEEM to keep accepting it
- Encourage the other 3700+ vendors not already taking STEEM to start accepting it
- Encourage other online stores that don't take cryptos to use CoinPayments.net (and take STEEM/SBD)
First step is under way. Take a look, and more importantly, take action if you can!
And finally, one article crossed my eyes on my feed today. If you live in Caracas, Venezuela, you can relax at Mukti Spa and pay with STEEM or SBD. With all the tension, you might need that...
We haven't got yet feedback from @bittrex, as far as I know, if STEEM will have its own USD pair on Bittrex exchange or not. A positive outcome on that front would round up nicely the month of January for Steem, I think.
Excellent summary @gadrian... thank you 😊✌
You're welcome! 😉
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Interesting choice of topic @gadrian
Did they indeed managed to do it already? Or is it still ongoin process? any idea?
ps. what do you personally think about worker proposal offer? I think Steemit is just to small and their userbase is to small. So most likely this project will be waste of funds and money and will die quietly with very little interest. Hopefully Im wrong.
again: great read buddy
Yours
Piotr
As much as I criticized Steemit and Ned recently, they did that, and... is an ongoing process. Meaning reducing RAM requirements for witness nodes will follow, when they switch to RocksDB database implementation. And they said there may be possible more reductions for full nodes, but from the wording I'd say the main thing has already been introduced. And it's not the reduction only, but the fact the full node is broken in 3 parts, which can be hosted on 3 separate and much smaller hosting plans, in terms of RAM. That's way cheaper, because costs grow exponentially with the amount of RAM you have at your disposal on your hosting account.
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Dear @gadrian
Thank you for your amazinc comment. Seriously I appreciate your time and effort.
ps.
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Yours
Piotr
Ah, the worker proposal system.
I'm not sure. It's not about the size of Steem. But I think this might in a way overlap with what Utopian is doing, and if the worker proposal system would jeopardy Utopian's activity, I would definitely be against it being implemented. If they can complete each other, than we can think of other factors. In principle, having a say through voting in what is implemented and what not might seem like a good idea and focus the development energies.
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Thanks for sharing @gadrian
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