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in #steem5 years ago

Authors are often accused of not having much skin in the game. The curators have the most skin because they need to be powered up to upvote content and give Steem. While this is 100% factual on paper, in reality it doesn't matter.

So, similarly, we can say Mike Tyson had no skin in the game, either. It was the people in the crowd, paying the high price of admission for their seat that had the real skin in the game. Even though Mike was risking his face (content creators risk reputation) - the value was subjective and the real value was calculated by ticket sales/total views.

The chicken and the egg. Without the crowd, there would be no event, without Mike, there would be no crowd.

Without content creators, Steem blockchain would be an empty event. Even shitposting is creating something. We have Steem Monsters, but that thrived off from a strong established Steem community. Steem is an action blockchain, and authors are the ones putting butts in the seats.
Bitcoin would be worth about three dollars and fiffy cents right now if it was just Satoshi, Gavin and Roger and a niche group hodling it and no one else did.

We need authors, creators to bring people to upvote. The same way the upvote brings authors and creators.

Wise investors can see that making the Mike Tyson's of the world happy is the first priority. You can't light a fire without a spark and you can't have a boxing match without fighters. So, when we make a move into the future as a community, we should have the creators in mind first, curators second and investors third; without even one of the first two, you don't have the third. Make something badass with great incentives and they will come.

I envision Steem being much more than just a place to create and express yourself, it is already happening.
But in the words of Apu from the Simpsons, mom said: "Never forget who you are"

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Spot on the money, you always have an inspired and insightful outlook on the blockchain. We have some truly incredible content creators on the Steem Blockchain, they add value every time they post and deserve recognition - but often still we struggle to give our quality content creators the recognition they deserve. And they will leave, why put so much time and effort into creating incredible work - if they struggle to get any reward for the effort?

I do not want to be biased, and I do not think I am - because time and time again I will tell anyone that cares to listen I believe this - @yidneth is an incredible content creator - her posts are always 110% and her content is available on far more channels then just Steem - her posts absolutely deserve far more recognition then they currently receive. That is just one example, there are so many more - and indeed more that I still have not even encountered yet on here since I joined March 2017 - and that's the other problem - how to connect people with the content.

The biggest challenge still is connecting people and content, last week @novacadian introduced me to steeve.app front end - and that is an amazing concept - it totally reworks my feed and presents to me from my entire followers the posts I want to see - by magic! And that is the power of the Steem Blockchain - the way we interact it with it is just a code away from perfect - the data going into the blockchain can be extracted in so many ways - combining the quality content put in with a front end then pushes it back out for the people to see and appreciate - that is the challenge.

We need to support content creators driving the amazing content that will draw people in, but we also need to support the developers that are finding new and incredible ways to pull and display the content from the blockchain to people - because when someone can log into a front end and see a feed of the posts they want to see and upvote - straight off - that is the holy grail - you connect people who have the ability to upvote content with the creators making the content they want to see.

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#thealliance #witness

I don't disagree with you, but I think the dynamics are a bit different here than on almost any other site you go to. Steemit as it currently exists is not a content driven platform. I've been here for going on three years now and we've been trying to progress to that point for a long time, but the problem I see is that the people with the most invested (mainly due to the ninjamine) don't see the big picture. I'm not saying all of this to be negative, just to point out some of the facts as I see it. Most don't want to stop draining the reward pool for their own benefit to actually increase the value of the platform as a whole. Ultimately that doesn't matter though and here's why.

We need killer dapps and front ends that utilize different methods to create value and basically doing the things that we aren't currently able to do on the base layer of STEEM. Once bidbots got introduced people stopped using the burn mechanics to promote posts as bidbot owners sold them on the illusion that they are just promoting and paying themselves with their own money and it's win win, but it's not. Essentially bidbot owners just bypass the 7 day waiting period to cash out on their ability to upvote farm themselves without having to make shitposts or comment farms. Different frontends will be able to break away from using STEEM and SBD and create their own tokens/SMTs (hopefully) that have value and proper usecases to fix the problems that Steemit will never fix.

Imagine if Twitter for example ran on the STEEM blockchain and all of their advertisements and promoted content were paid for with a token, we'll call it TWIT for this example. Twitter could then find a proper balance to award authors and curators to actually make a content driven platform and the value of the token would come from the companies that are buying it off the exchanges to promote on Twitter. Obviously content is king and is what drives people to the platform. Not everyone is being followed by millions of people and not everyone gets millions of retweets, but the people that are should be getting the highest distribution of author rewards and the people curating and commenting could be rewarded proportionately as well.

Essentially any social media could adopt this concept. Burning tokens increases the scarcity and counters the inflation being paid out to authors and curators. The tokens get decentralized by getting it in the hands of as many people as possible, which increases the value as well. As long as 1% of the "users," which are really more stakeholders than anything, holds 95% + of the STEEM on the platform it's not going to change unless they do. So instead, we build something better on top of the platform that operates independent of the standard protocol and creates a meaningful and mutually beneficial store of value.

I see things like SMT essential for creating/experimenting with new token economies. The Steem project that gets advertising right with a proper burn/reward model will be that killer dapp. I see SMTs essential for scaling, having thousands of dapps all using just the Steem token would dilute the reward pool for each site. I have my idea of Steem being that upvote for the internet, accepted everywhere. So you can still upvote on these sites using your Steem power but you would get rewarded in TWIT token or what have you. All all the tokens tradeable against Steem. That is the dream. Things like Steem Engine can then build projects that don't need the SMT features, for other use case dapps that benefit from having a large active community. With all that said, I still believe having the large upvote, that can be used everywhere to earn various tokens that are built on Steem, would be the ideal route. This is up to the project creators to go this route but this is what I am building towards and these are the types of projects I will support.

It sounds like we mostly see things the same way, the only difference is probably that I see STEEM as more of a "fuel" or "resource" that's required to run these other dapps or intermediary tools to tokenize other sites.

Essentially if everyone likes going to the mall and interacting or spending their money there, STEEM is the transit system that most end users don't really put that much thought into and as long as it's working they never need to. The value of STEEM is inherent to the simple fact that it's required to keep things running, so successful dapps are going to need to be holding large amounts of STEEM to do business, but it's kind of irrelevant if their users ever hear of anything beyond TWIT or whatever token they are using.

I do like the idea of STEEM being the token that all of these are traded against and that is one of the things I remember stressing to aggroed over and over again when discussing the concept that eventually became steem-engine. Thanks for the insight, I just wish we had more investors with this mindset from the get go, but all things in due time. Happy to have you here!

You give great input and it helps me think, so glad to have you here as well! I believe, in a world where Twitter runs on Steem, that Steem will be so scare a resource that 99% of Twitter users will only have TWIT in their wallets. Of course, TWIT is the "Steem Power" of TWIT and does all the things Steem does on Steemit, for example. In the world where Steem becomes that backbone, most users won't have the luxury of being able to own much Steem because it would be mainly used up by developers as sort of a virtual real estate. And those that are lucky to have some Steem Power they want to upvote with, well just like gold it is as good as money, universally.

Seems like you and many others like @stephenkendal are thinking alike... #steemtwitter

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Nice, that's one of the things I love about this place, the exchange of ideas. I love the idea of using steem like the gas of the network or RC's, just have to be careful not to kill new dApps off like the HF did with new users. It would encourage investment in the platform from the dApp owners though, requiring them to at least put a little more skin in the game for their app other than just hosting services and a frontend. It would require at least some investment into the backbone of the system, the larger they scale their app the more investment required. It would take a lot of users and dApps to make it like gold, but it's definitely possible. Working a mechanism into the SMT's to burn some steem might stem some of the inflation issues, it could be something as simple as the promoted section used to be. When an advertiser on a dApp paid for an ad, burn a portion of it. Just a thought that hit while skimming through...

There is a Tweet token on the TRON Network..... I have a few million of them to had out.

From my point, without content creators steem blockchain wouldn't have work properly. If author doesn't get paid, may be they will move forward towards other social media, For example, if i don't get support or get paid , may be i would prefer instagram or twitter more than steem blockchain. So , i agree with you. Without support, without community; people loose interest and leave blockchain.Infact community build by several people. It's only my opinion.. May be there is more to discuss.

Nice to read this, I can't remember seeing these kind of sentiments before from someone influential like yourself. I'm not in the financial position to invest my own cash so trying hard to make my posts as entertaining as possible seems a fair trade. I don't often get big payouts but when a nice upvote comes along it honestly gives me a boost and I can also say the same for a post that gets lots of comments. Thanks for taking the time to write something like this, it's much appreciated :)

"Wise investors can see that making the Mike Tyson's of the world happy is the first priority. You can't light a fire without a spark and you can't have a boxing match without fighters."
Glad you are here.

'So, when we make a move into the future as a community, we should have the creators in mind first, curators second and investors third; without even one of the first two, you don't have the third.'

I hope that a lot of those who are FOR reducing the author rewards by 20% and use this for the WPS fund are gonna read this post.
Resteemed!

I often marvel at the argument: don't worry about the authors, think about the investors!

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Great thoughts here @Theycallmedan. Of late, I strategized a steem-based project- @Writeandearn where I hope to help paper authors authors have their contents published on the blockchain and on print. I have a great support from future investors and am working hard to have the project come to limelight by March 2019.

It's an ecosystem. :)

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