Open letter to fellow Investors

in #life6 years ago

{I'm certain|I think} those who hold a lot of Steem consider this a lot. In other words, the blockchain today in my {view|judgment} lacks the ability to attract bigger investors and early adopters. But {will|does indeed} this mean that the blockchain itself is not ready for the next step? Or could it have less {related to|regarding} technology and more to do with the consensus of the community.09-perfect-Handshake-Reveals-About-Your-Personality_156424034-EM-Karuna-380x254.jpg{We|I actually|My spouse and i} ask these questions {since it|as it} {appears to be} that even on that subject, the parts of view {are incredibly} different. The polarized position on bidbots is a common point of disagreement, but there are plenty more that keep the community at odds. In other words, even among big holders of Steem {electric power|electricity|ability}, the way to move forward is not {totally} clear.

This might {seem to be} like I'm being negative about this, but {We|I actually|My spouse and i} promise this is not the case at all. I'm trying to be objective about the things I see. It's also important to {explain|mention|speak about} that I'm talking more about Steem the currency, and not so much about Steemit the platform, and this difference is important for the points {Now i'm|I am just|Now i am} trying to make.

{Because|Since|While} it pertains to technology

The Steem blockchain might be unmatched at the moment. {That which|How many other|The other} currencies have three second {payment|cost} less transactions, and revel in the privilege of a blockchain who does not struggle much, even on the highest traffic {times|days and nights}? In this sense {it's simple to|it's not hard to} admit that aside all the challenges it may face, it stands away from thousands of other projects who might {have a|like a|consume a} higher valuation but {absence|shortage} any usable implementation.
{The|Each of our} Steem currency also has something very valuable in the way of development. Given the fact that not all development is handled by Steemit Incorporation, but {a great deal of|a lot of|plenty of} work is done by witnesses and other independent efforts. This kind of is also not common among other currencies, and curiously enough it should be.

The ideas {suggested|recommended|offered} this year, the {likelihood|opportunity} of SMT's might be the way Steem can effectively attract investors by {making a|building a|setting up a} separation wall between the challenges that Steemit currently faces and the platforms {these|the particular|why these} new bridal party could facilitate. If that means that Steemit the website will lose some attention remains to be seen, but it's possible that outcome is actually desirable.

Because it's still early

I find Steem to be an {amazing|outstanding|extraordinary} opportunity {for many who} can {plainly|evidently} see it's true probable. A simple yet important rule of investments is the fact participating on an investment once it has succeeded, is a sure way of {dropping|shedding|burning off} out on incredible {benefits|increases|profits}.
I say that just to say that {Now i'm|I am just|Now i am} completely aware and {Okay|Fine} with {the truth|the very fact|the simple fact} that Steemit itself was never {designed|intended|supposed} to be a last product of any {type|kind|form}. At least the things I've read some witnesses and prominent members of Steem share on the subject matter make this message clear to {me personally|myself}. The idea of Steemit was possibly an {execution|setup|rendering} of possibilities and {nothing at all|little or nothing} more.

Does this {imply|suggest|indicate} that blogging won't {imply|suggest|indicate} much in the future? I doubt it. {We|I actually|My spouse and i} think blogging will always have a place, but you may be {thinking|questioning|wanting to know} what I'm starting to imagine is the {truth|reality|simple fact} when it takes off and turns into a global phenomenon, the {middle|centre} of attention might not be steemit, but something else {totally} built {along with|over|together with} the same blockchain.

{Bringing in|Appealing to|Getting} Investors

Has to be {linked} to the idea of presenting the {options|opportunities|choices} of the blockchain itself and lots of less {linked} with the {running a blog|writing a blog|blogging and site-building} platform called Steemit. {In|For|By} least this {appears to|generally seems to} {me personally|myself} the best way to describe my position on this matter.
As someone who is invested on Steem, I must {confess|acknowledge|declare} that the potential of the blockchain itself has not been truly {used|taken advantage of}, and i also {imply|suggest|indicate} that in a positive way of course. To {believe|assume that} Steem should be only a blogging {system is|program is} to think small, to lack the needed imagination.

Now, this {discussion|dialogue|chat} if there is {someone to|that you|person to} be had, should oftimes be held by some of {the larger|the greater} investors who are currently holding the Steem token. {Quite simply|Put simply|Basically}, the ones who stand to win the most if the right choices are made {ought to be the|needs to be the|need to be the} ones who collectively {agree with|acknowledge} ways that this blockchain could {appeal to|entice|catch the attention of} other potential investors.

In this sense the Steem blockchain could effectively become fertile ground for {Business owners|Internet marketers|Business people} and business of all sizes, including charities and non-profit organizations.

Passive {traders|buyers|shareholders}Passive investors

Also need to play a role on the solution. It's not completely realistic to {believe that|feel that} everyone is able to write or that {they might|they will|they can} want to become {blog writers|writers|people}. I {believe that|feel that} expectation is also hurting the {value|worth} of Steem. I {believe that|feel that} it's exactly {due to this|for this reason|for that reason} reason that bidbots even became {anything|some thing|a specific thing} at all. A healthy {financial|economical|monetary} system should be able to {support|cater to|allow for} many different types of investors, and saying that should not be something that should make anyone uncomfortable.
I've read a few Steemians say that curation rewards should be enough for them. {Yet|Nevertheless|Although} I'm inclined to say those who hold that position, also don't have the Steem Power to put themselves on the shoes of someone who has {committed to|used} those {amounts|volumes}. That {insufficient|not enough|deficiency of} perspective might be {the key reason why|exactly why|the main reason} that particular aspect of the {discussion|dialogue|chat} seems to go {no place|nowhere fast}.

Maybe the code should change

I'm not {completely|totally} sure about it {personally|me personally|me}. But after reading some of the proposed ideas being shared by other investors, I have to admit they make a lot of sense to me. One thing to consider though is if the creation of SMT's could implement some of those solutions, therefore making those changes {less|much less|quite a bit less} relevant on Steem, but that remains to be seen.
I am of the {viewpoint|thoughts and opinions|view} though that {the primary|the key} focus of Steem {traders|buyers|shareholders} at the moment should be to support {endeavours|projects|pursuits} that would encourage other investments to buy into the token, since the market today {appears to be|is apparently} only in the direction of vote-selling, the possible solution {will be to|should be to|is always to} design a product that could be just as effective, but less polemical.

The one thing that is not a doubt needed is the willingness {of individuals|of men and women|of folks} to have {this specific|this kind of|this type of} conversation. Because if that's {impossible|difficult}, then the things we want to see just won't happen. {Whatever the case|Regardless|In fact} I remain positive about Steem, and will keep on {looking towards|pumped up about|getting excited about} the coming days ahead.

Sincerely
@irfanbera

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