Fears of Steem failure

in #future6 years ago

I am doing my monthly train trip to the middle of nowhere to train at a client company location. It gives me about an hour of semi-travel sickness writing time which is just enough to reflect upon thoughts that bounce around in my head. Does this class as meditation?

I joined Steemit in January 2017 and since that time have grown to put a great deal of my time into my work and the community in the hope that one day, we will be able to have a place that is both economically viable and supportive of improving real experience for us as humans. There is no guarantee to either of these things though and at times it does worry me that all of the work I have put in will amount to nought.

So, since January 29th there has been:

  • 619 days
  • 88 weeks
  • 20 months

This is taken from @Steemitboard

  • 46% of the days I have been on the platform I have posted at least 4 posts.
  • 91% of the weeks I have published every day of the week
  • 85% of the months I have published every day of the month

Yes, it does worry me at times that the literally thousands of hours I have spent here will wind up coming to nothing financially as it is a absolute mass of time spent. Bur, I see this as an investment and one that although high risk, has the potential for astronomical return over the next years.

When it comes to this place there seems to be two core approaches to the risk involved; take all you can while you can because it might fail, work all you can while you can because it might succeed. There are obviously positions in between this but I tend to err more on the extreme end of the work tail because I do think that what we do here has an influence over the success of the platform and the more it decentralizes, the more affect we as individuals can have.

The reason is that while the platform continues to decentralize away from Steemit Inc's sphere of control, the app developers and content creators have more responsibility and therefore more influence over direction. Not necessarily the direction of the infrastructure for all but, the personal approach and movement of where we as users and investors choose to take matters. This gives each of us an opportunity to take some control over our future.

Opportunity is uncertainty, there is no guarantee but for most of us at least, what we are currently doing in the world has very little chance of satisfying our personal ambitions nor improving the experience much for others. The reason is that for most of us, we are working in jobs that support the current economic and societal norms that we are trying to break free from. We keep repeating the habits that got us here expecting to be somewhere else.

For me at least, Steem offers an opportunity to observe, learn and adjust my behaviors to break away from that system in an environment that it is possible to also help others do the same. This rippling has a groundswell effect that by the time it reaches the shore, can be a tidal wave that destroys the coastlines. The coastlines I speak of here are the constructed paradigm and institutional frameworks that keep us separated and in constant conflict while a sliver of the population benefit from the turmoil.

I am of the belief that there are better ways for us to manage and enrich our lives and one of those is going to be blockchain technology as it gives us the ability to work globally and locally simultaneously with precision. It also facilitates the transactional resource needs without limitation rather than being bound by systems developed in a one size fits all environment. The time investment I have put in is a small price to pay if it does lead to the improvement of life for many don't you think?

Of course, there is risk involved in this position, personal and as a group because the nature of what this could potentially could become over the coming years is going to question the core of the status quo and they are not prone to giving in easily. Their best bet is to keep brainwashing the population under the belief that nothing can change so, just keep taking while you can. That is modus operandi isn't it? Take all while it is there for the taking.

The economics of Steem are of vital importance to the success of the platform and the entire cryptosphere because it becomes value that can be used to further the decentralization and influence the blockchain world can have. It can be used to empower key people and fund projects that will undermine and replace the current frameworks and become the foundations of a more equitable system.

Or, the value can be used as the status quo controllers would prefer it to be used, and that is to buy-in to the system they have developed. The cry of Lambo! is them winning as it is representative that we haven't grown, we haven't learned, we are just trying to find another way to cement ourselves into their economic model. I wonder what would happen if we chose to only by products that are purchasable through direct crypto, how fast would adoption be?

Anyway, I am approaching the station soon so I have to finish this train of thought (dad joke?) but every day I do have fears that this is all going to be a waste and I am going to look like an idiot to my friends and family and all those who powered down and sold out along the way. It is a risk I am willing to take though because I think that there is so much more potential in Steem and the larger industry yet to come and where we are now is just a drop in the ocean of where it could be in 2-5-10 years down the track.

The idea of a decentralized system is the ability to have freedom and responsibility for the self which also means the consequences of our actions. This is true no matter where we are or the experiences we have had, have or will have. The choice is ours how we behave and who and what we support through the buying decisions we make and where we are willing to invest our value and most importantly, ourselves.

This is the world in which we live and we all pay the cost of how we live it.

Taraz
[ a Steem original ]

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The first thing I thought when I heard about this place back in September of 2016 was this is revolutionary. I saw tremendous potential instantly. Then I joined in the fun and noticed many shared the same view. Some thought of it as a replacement for existing platforms like Facebook, but a few of us saw something much bigger.

These days it's hard to find the visionary types. Old, almost ancient ideas when it comes to internet technology are being recycled and reformatted to fit in with a model that I thought and still think should be shaking up the internet and making huge waves towards being disruptive. So many seem to think making this place similar to something in existence is the way to go. I feel that's wasteful and halts progress.

Then some are applauding the use of approaches already proven to be failures on other platforms (like buying views and followers) so I too become worried if this will all be a waste of time. To me though, solving the issues seems simple enough that I still hang on. Then I see others simply give up and I go back to thinking maybe they're on to something. Yet I see so many still being awesome, and when I look at them closely: they're smart, motivated, driven to succeed types... and some days that's all I see.

I think that the reliance on the ancient internet ideas is some kind of security blanket but could also help newbies with familiarity to get onboard. I would much rather see some innovation that approaches some of the real issues we face though.

Yet I see so many still being awesome, and when I look at them closely: they're smart, motivated, driven to succeed types... and some days that's all I see.

There only ever needs (and likely only will be) a small percentage of activated visionaries as they discover and create, the next ring will adopt and it will spiral outward. Find them, support them.

There's not many visionary types in the world to start with. The line between having world-changing potential as a non-conformist and a lifeless drone is easily crossed.

Steemit was built on the visionary types userbase. But for it to develop higher it needs other types of people that conforms to trends and what everyone else is doing.

It's a sad thing of course, not many people will think the way we think and that's just life. But god-forbid i dont do everything i can to share what i believe to people around me though.

Yep, dad joke :0D

I think a lot of us who invested a lot of time on the platform have those fears at times. It always helps me to think of it all as an mmorpg and to enjoy the playing.

I don't mind the Dad jokes.

I think of it as a game too where losing means a jump from a balcony :D I figure if I am going to spend my time playing games I may as well play something that has the potential for real world benefits.

Well, looking at the past waves of evolution, chances are higher that Steem, like most cryptos, will not survive but some form will. I remember when the Internet started to become popular. Traditional marketing firms, the governement etc were all going get disrupted. Most of them had a defensive attitude, believing they might lose control etc A lot of the early proponents dreamed of a 'cyberspace completely separate from the real world with a lot more freedom". However look at it now. The Internet has brought us more freedom, while at the same time it has taken other freedoms away. I myself have libertarian sympathies. But when I hear some people talk in the crypto community that cryptos will finally bring us all the freedom we want, I'm pretty sure they will get disappointed in the future. The blockchain will be everywhere. AI/data analytics will be able to make incredible detailed profiles of everyone on earth. So many things will get tokenized, many interactions will be registered 'forever and unchangeable' in bockchains. Officially with the GDPR rules in Europe it should be possible for individual to remove their identities in every case they choose to. But there will be SO MANY, you won't even remember you are registered somewhere. With many self learning AI bots grabbing everything they can over time, combining blockchain data with your browsing history, sensor data, etc that not only makes profiles of people, but can also push agendas in ways we can't even comprehend at the same time, it's going to be scary.

yep. Blockchains are going to be the great leveler in many ways and possibly the greatest slaver but, it also has other opportunities to utilise if that future which seems inevitable regardless doesn't happen.

Keep the faith. We will all be fine.

I do not think that Steem will fail. In fact I truly believe it will succeed. However I also believe that decentralization, though good in theory, will never reach ALL the freedoms we hope for. Thanks my friend @tarazkp

Freedom is the responsibility of taking action for the self. It is always limited yet people think it means doing whatever they want. they will always be disappointed no matter how much they have.

Many interesting points you raise here @tarazkp and particularly it stuck me what you said about the value and control on steemit. I'm hopeful that the slow build of tenable community models can shift the status quo to a more balanced model.

Or, the value can be used as the status quo controllers would prefer it to be used, and that is to buy-in to the system they have developed.

I hope it won't end up that way, but it is a massive worry. I think at the moment we're sort of in a chaos beta state where those traditional, and out right, money driven people are ruling the roost. I've heard others describe steemit as an oligarchy and I've said the same myself as it is an apt analogy. However, it is built into the very mechanism of a decentralised model for the active community members to restore some type of balance.

I've also put thousands into steemit, not of money, but of hours writing/networking and adding to the platform through curation guild activities. The first money I will take out is to fund a trip to steemfest. I also see this as an 'all or nothing' gamble/investment.

You're right in saying that steemit is gonna be what we make of it. I just hope there is enough people left to make something good for the next market wave.

I hope it won't end up that way, but it is a massive worry. I think at the moment we're sort of in a chaos beta state where those traditional, and out right, money driven people are ruling the roost.

It isn't just at Steem, it is in crypto in general. The original model to break away from banks has ended up making billions for those who put the value right back in to things that end up in banks.

All or nothing is my current approach but how long I can keep it up I am unsure.

It isn't just at Steem, it is in crypto in general. The original model to break away from banks has ended up making billions for those who put the value right back in to things that end up in banks.

Absolutely.

I've been reading recently about the original cypherpunks and the first private key encryption as early as 1975. From what I've read, the mechanisms that have evolved into our current crypto's were developed by libertarians and anarchists to communicate, and eventually transact over the internet, privately & with 0% interference from banks/government agencies.

It seems to me that the whole thing has developed a million miles away from what it was intended for. As you rightly say, most of the value flowing into crypto is being appropriated/funnelled into agencies that are far from the decentralised ideals of the original creators of BTC and other cryptos.

All or nothing is my current approach but how long I can keep it up I am unsure.

I get where you're coming from. I'm putting a lot of time in but I try to look on it as both work and fun. Only time will tell if it pays off. I do think that if another bull run happens next year even close to when SMT's happen steem will do very well and it may be worth all the hard work, financially at least. I hope this can translate into a better, more fair & user-friendly steemit for everyone... again just have to wait and see 🙂

I think at some point I will have to slow down a bit and perhaps get some sleep :)

To doubt is human but early adopters in most technology have doubts that ultimately pay off. I think an important approach is to remain balanced and somewhat unbiased along the journey to realize that some projects in blockchain will not succeed but how can we identify them to adjust our investments of time and money accordingly? I think of this often but have come to realize that when looking at Steem, I feel that I am getting so much more than just and investment, I am getting an experience of engagement and community which adds value to us as human. Whether that value will be leverage or lost, is yet to be seen but I am enjoying the journey!

to realize that some projects in blockchain will not succeed

This is something that Steem has in its favour as it can survive even though some/many projects fail as long as some succeed.

Steem is a wild ride for sure, lots of ups and downs. The community and the experiences are what keep me here. Hopefully those experiences will be worth it, no matter the value of Steem. Great post @tarazkp, hope you're doing well.

All god here mate and yeah, it can be a little bit of a roller coaster at times but, who doesn't like amusement parks? ;)

I have this fear too because cryptocurrency is not yet mainstream. But I will still hang in there especially with steem because something keeps telling me that it will survive.

because something keeps telling me that it will survive.

me. :D

Yes, there is an inner voice which keeps telling us that it is the future &it will survive. So it's not a bad gambit to put on. :)

I also tend to work at the extreme as far as my fears go. It probably is unhealthy but if you consider the potential for revolution as you say, it probably isn't so far fetched

Extreme has become a dirty word yet in history, it is the far reaches of the tails that have also made this world a much better place. Why not be part of creation rather than consumption.

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