I'm still reeling a bit from "Ned Talks"

in #busy5 years ago (edited)

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What we have learned - and have had a few days to digest.

SteemIt Inc,. The company we have relied on to develop, market and more is having financial difficulties during the Crypto-Dump of 2018. It seems to have startled them and they don't appear to have a plan beyond survival at this point.

That means for now SMTs have been delayed, there is no marketing plan or if there was it exited with the staff that was laid off. The primary focus of SteemIt, Inc has become the survival of their own company. That means if we want to make any progress in the foreseeable future it is going to have to be community driven. I think that is doable, but only with a community organization.

The best thing to come out of this is when every person accepts that Ned isn't going to save us, people will think about how we save ourselves.

Here are my suggestions: Leaders with appropriate skills sets create:

Community Marketing Team(s)
Community Development Team(s)
Community Onboarding Team(s)
Community Abuse fighting team(s)

Or we will just have to "hope" for enough organic growth to make up for the sell pressure the inflation creates.

I'm a little disturbed at how little we've heard from stakeholders/Witnesses and Developers in the community regarding plans, reactions, outcry, or support.

Money doesn't grow on blocks. (haha, but it kind of does, it just doesn't retain value)

Let's schedule a few meeting for stakeholders/witnesses/developers and talk through some ideas on how to get things moving forward again.

Let's not wait for SteemIt Inc. AGAIN.

I realized after reading some more comments and Stella's post... Many don't understand, you own Steem Tokens, not any part of SteemIt Inc. They don't have a board and they don't report to us. We can't fire them. They are a private organization. Their stake is not our stake.

If we want change it is going to have to come in the form of competing with them and understanding they are just a development company. The witnesses can drop or exclude code written from anyone.

Ned has a huge amount of Stake and can influence that, but so far he hasn't used his stake to bully the community.
@whatsup

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Sorry to hijack, but if you're going to do this then I recommend you focus on some way to build the "value" of the platform in a way that's independent of the token itself. You can't just do stuff here and expect people to rush out and buy Steem at a time when the market is getting destroyed.

I like that you're trying to do something to save the ship, but focus on using the resources that are available to turn this place into a proper business with actual revenues that are independent of the "money printing factory" that this place has turned into.

If you can do that then there's probably a chance this place will survive until the next bull run. If not and all you're trying to do is convince people that Steem is a good buy at $0.20 or whatever it is now then I don't have much faith you'll get anywhere.

This post has received a 12.16 % upvote from @boomerang.

Steemit account alone has 48M of steem.
Maybe I'm too stupid but can someone please explain to me why are they in trouble?

Dont't forget on @steem with 11M, @steemit2 with 1M and @misterdelegation with 19M.

I dont't understand, why are they delegating 300k SP to @trendings-grace (last vote in December 2017)...

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In total I read something like 70 million Steem ...
I think the problem is the market is too thin to not fall through the floor... If he tried to sell 10 million I think we would reach a cent already...

@whatsup,
I think I also agree with your suggestions! Yeah if we have a decentralized team in this decentralized world, it might be very useful! But I don't know how we bring them all under one shed! Moreover, security matters also there! Anyway this is not the only time STEEM becomes such low on price! So, STEEMIT INC should prepare for this type of bear markets! In that point they made a critical error!

Cheers~

From a non techy, blogger platform user, viewpoint - getting user numbers up (and retaining them) is _the_answer to any long term stability, and survival...

It seems woefully unimportant in the techy/developer psyche.
'We have the best tech,and apps but no one's here to see them.....'

or

' our user base is growing well , now have a look at our best tech and apps...'

...just my 2 cents worth, but I'm a techy dunce....
(but I have grown three 'real world' companies to massive successes - non tech)

Finally, someone says it. You can’t grow a business with only tech, and no sales + marketing. It cannot be done. You also can not grow a business by letting your customers grow it. Your customer base grows in proportion to your service to them. Here, it’s kinda different. It seems the community (customer) is more than willing to market/sell/ and grow Steemit Inc. To that I say ❓Don’t get me wrong, I love this place, but I have a business, kids and lots of responsibilities. I do understand that many here invested their hard earned dollars - naturally they want to get it back. Let’s hope for the best. ✌🏾

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I opened a business with zero market recognition of my product, or it even existing....
The first 12 months of my 'working hours '? .... 80% was on marketing, selling and growing product recognition.

And 90% of my 'leisure time' was doing exactly the same thing...

@lucylin Yep - that's how it's done. :-)

Retaining the new users is the most important thing moving forward - as time and time again we see new users come, and then go again often pretty quickly. I think (hope) that Steems perception is slowly changing, as new users come and stay, and then share their honest opinions with others.

I think that it does need to be alot more simple for the everyday person, and this is part of the reason people dont stay (or dont join in the first place)

Steemit Inc, seem to forget they are TAKING 25% of everything we earn from the top and they have given us nothing in terms of communication in years -- now they seek to wind us up , and not engage us in discussion about it-- The witnesses all earn heaps from us as well, and so far they seek to do nothing to help us survive this top down decision making process. I reckon we can survive and do better without Steemit inc but we must stop paying them and start a governance system of our own. I propose that I become the new God(Ned) of Steemit and I will make all decisions on behalf of those of use who earn nothing here, instead of on behalf of those who have been scamming here since the first year. Vote 1 ME.

read my lenghty comment somewhere here and tell me what you think! Can we make that steem.pay?

I'm not sure what you mean when you say taking 25% from the top?

hey. we've spoken a little and i want you to know i haven't read your comments, just your post. I'd like to speak to you privately because i think we think a lot alike and I have ideas. lol. I'm on discord as bethalea and if i don't hear from you, i'll try to contact you in any case in the next day or so.

Hope you and yours are well and happy. :)

xo, b.

@whatsup, meet @bethalea. She's legit. Message her. I vouch she's not a whackjob. And we know how valuable my vouches are.

Vouched his Vouched and Vouch for her as well. /Shrug :)

What do we have to do?

The first step of an organization is to define a common goal. What is that goal?

I guess that is the first step, and if I was the only one involved I would say, raise the price of steem.

But I think that is a conversation that very much needs to be had.

mmmmm ... I see, but if the goal is to raise the price, the reason why we want to raise it is to obtain profits when selling it, and that in turn causes the price to go down. So in some way that is an goal that automatically predisposes us to fail. Or am I wrong?

Steem's a cryptocurrency. It's meant to be used. The reward pool has a 50/50 option for a reason: we save a bit, we use a bit. I for one often rely on my earnings to spend on things I need. I also power up a lot. If we raise the price, we can do more with our earnings.

Ironically, when the prices go up, people buy in because they see a future. When they're down, people sell because they're scared. If the prices go up, there will be more people trying to buy in, which will in turn raise the price. Yes, people will sell a bit, but maybe it will be at the next ATH that people will start selling again.

I mean, that's markets, right? They always go up, and after that, they always go down before going up again. Right now, we're at the low edge of the previous bottom, if I'm not mistaken (I wasn't here back then), so we need to go up again if we don't want a downtrend to start for the next years.

I think that the question should be how to do it instead of whether we want it to happen or not.

mmmmm ... yes ... but let's not fool ourselves here, at least in a nearby scenario, Steem will not be adopted as a currency, that is far from happening. I do not even know if it was designed for that, Steem is more like an instrument to value the content and thus pay the creators.

If the prices go up, there will be more people trying to buy in, which will in turn raise the price.

If that is true, then why did the Steem price go down?

I think that the question should be how to do it instead of whether we want it to happen or not.

Of course, we all want it to rise, however, for that to happen, ironically that should not be our goal.

Marty (4).gif

I don't see how not setting something as a goal helps us accomplish it.

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We have to set a goal, but that goal can not be the price.

I think the price is a reflection of the health of the platform to a certain degree. More users equates to a higher price. Ultimately, the goal should be to increase the number of users. I'm not sure you can say that price can't be a goal. Every company's goal is to increase shareholder value. However, how you do it can be important for the long term health of the platform.

I got that.

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So, maybe we need to create demand. That is why we need to discuss it and hopefully get more people on the same page.

Steemit could do what Scorum did and grant a "pro" badge to everyone above a certain SP level.

And if we had manual curation - which isn't happening - the whales could reward these holders with upvotes.

And actively avoid upvoting at least some of the worst dumpers.

That'd be such an easy thing to do, but I don't see anyone being interested.

It's easier to do vote trading and other such handshake deals and allocate the STEEM to the same hands that fucked it over in the first place. :)

I'll be at Scorum if anyone wants to contact me.

How can the price of steem be raised other than via demand?

We need to go back to the future.

I have seen quite a bit of discussions and thoughts about the community and witnesses in particular starting to look at getting full nodes to no longer depend on Steemit and to truly become more decentralized which is a great trend but there is still some uncertainty regarding the timing and the transition. The next coupke of weeks will be critical to see how the community responds and how they execute rather than just discuss.

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I agree this would be a great step towards becoming more decentralised! With the current situation ALOT of users rely on Ned to fix the problem. If we were truly decentralised then I think ned would have long removed himself from Steem (still working but in the background)

I just hope I can buy at the bottom. After looking through posts today I think the Steem blockchain will survive are retain a social media interface.

Congratulations!


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