Steem Training wheels are off...
I got a chance to catch Ned's Livestream earlier today so I decided to capture some of my initial thoughts on camera.
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It is clear to me Steemit Inc as a company is in "survival" mode and as such is looking to drastically scale down it's operations. A case of trying to grow too fast, too soon, in too many different directions.
By the sound of things Steemit Inc will now focus primarily (in the short term) and possibly exclusively (in the longer term) on development of the Steem Blockchain. The indications are that the API Nodes it provides for third party developers and Steemit.com (as an interface into the Steem blockchain) will be eventually wound down.
If you want a flavour for where Steemit Inc could be heading then check out this comment by Smooth. During the Livestream Ned read it through and basically seemed to be in agreement/ receptive to most of it.
My biggest takeaway from this episode is that the training wheels are off of the Steem blockchain. Yes, Steem is already a decentralised DPOS blockchain run by Witnesses on behalf of token-holders, however up until now it has existed under the umbrella of Steemit Inc. A lot of the onus has been on Steemit In to drive the blockchain and innovation forward. Much of this is a natural consequence of Steemit Inc being the largest and most visible stakeholder. However Steemit Inc was in danger of becoming a single point of failure, particular in terms of reliance on it's API node cluster.
Now it is for the community to find sustainable ways to build APIs into and applications on top of the Steem blockchain. I'm confident that, if the community can get this done, we will have a more decentralised (and resilient) Steem eco-system as a consequence.
▶️ DTube
▶️ IPFS
I think that one of the biggest questions I have after all this is: with Steemit Inc stepping back, are they going to put more things under witness control?
After HF20 it came out that some of the changes from the fork specifically regarding Resource Credits were able to be modified by Steemit Inc without the input or control of the witnesses. Now that Steemit Inc is stepping back from that, are they planning on totally decentralizing control moving forward or will they still hold the strings?
Prakmatik and straight to the point, I like it! This is the time where we need tech savvy witnesses coming forward and drive innovation rather than depending on steemit.inc developments.
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I not across the changes made without Witness oversight... however from what I can tell a lot of the Steem blockchain expertise sits in the Steemit Inc team. I'm not sure how many witnesses are in a position to effectively audit the changes even if they were run by them. The problem is not just specific to Steem but most blockchains.
From what I've seen there are many good developers out there but very few that are experts when it comes the bleeding edge of blockchain design.
Thank you for your insight. Sounds like a big change indeed. So I take it that we now evolving? By stepping up we will exercise existing governance structure or create as we go along? Does Steemit have a structure for governance like Dash or are we more of a representative democracy through the selection of witnesses?
Thanks for your thoughts.
Yes - things are evolving. I don't think this is a matter of governance but over-reliance on one organisation to push the whole eco-system forward. That approach has proven to be unsustainable financially.
I totally agree with you ! I think we are in way better position than May 2017, community is stronger, quality is bigger, more application are in progress of developing..... I see all this as a opportunity to be fair...
Bring on the new vision! Im excited to see what happens. Its a crazy challenge, but if theres one thing that genius developers seem to like, its crazy challenges....Training Wheels are off, its time for SINK or SWIM (and if we swim......WE FLY!) :) Big love T-Bomb, keep pushing the positivity x
Will do man. Good to hear from you.
Greetings my friend ;)
An important and reeeaal
simple message to all the
blockchain creators:
Make sure it works before
you go public!
Until now i can't use Dsound,
because of ntsf...
until now Dlive works only
with steemconnect, which got
put on blast for its safety...
and so on and on....
This is the problem of decentralization,
thinking "it will all work out" and
people would accept this "mess"
Great potential.
Bad management.
C'mon son ;)
I think your message is for App developers (rather than blockchain creators) but I take your point.
I've had a number of difficulties using frontends that aren't steemit.com. It is something that will be need to addressed if steemit.com is wound down.
True, still one of the reasons
why steemit wasn't able to attract
a bigger real active mass...
Love this message, your thoughts and how positive you are.💪🏾
Finally they will give more attention to the site of steemit which is great they were going towards destinty lol first the need to make the things work here
I'm not sure steemit.com will get more attention. They will be focusing on Steem blockchain development. I get the impression that Steemit Inc are looking at 3rd party frontends like Busy.org and D.Tube to be the go-to user interfaces.
I believe in that things will be fixed soon and we will celebrate together.
Cheers.
Have a good day
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I do agree.
I thinks this a positive initiative and I hope more brilliant developer will continue to build on Steem blockchain!
Regards!