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RE: The importance of decentralization
I really enjoy your posts @k0d3g3ar but I still think cat and food photos have it's place on the Steem blockchain 😐
That might be something that we will never agree on, but I am wondering if someone can make a Dapp with a more specific purpose of creating high quality & comprehensive content!
I would also like to know your thoughts about the following article:
https://medium.com/@bytemaster/universal-resource-inheritance-505e7ca4d048
Thanks for your comment. Two items here: First "cat & food photos". I agree with you here, actually. In that if there was a DApp that provided more of a light touch posting forum for those things (like Facebook or other more social media content worlds), it would work. The problem as I see it is that Steemit is trying to be all things to all people, and when someone wants to put a true "Blog" entry up, that entry typically would be more like a blog on a website that is designed to have longevity and be around for years as a point of reference. If there was a DApp like Imgur or Instagram or something like that, then maybe that is the place for quick family photos, etc. But the draw to Steemit is because of financial upvoting and that is just creating a culture of spamming it with low grade content. That is my beef here. If that content could be moved to its own DApp as you correctly state, then we all win. So for that, I'm in 100% agreement with you.
Now the article. I read over it (it is long). I didn't invest enough time in there to say that I got more than a high level of view of the writer's point. I'm not sure if he/she represents my particular view as a Libertarian. I believe that if you spend your life in toil to earn money, and you acquire assets with that money, you have the right of ownership. If those assets were illegally or immorally purchased, then others may dispute your ownership. But to have assets seized by any 3rd party and re-distributed is no different to communism or socialism and is abhorrent to any free market Libertarian. In speaking for myself, an attack on my assets is an attack on my sovereignty and it won't end well for the attacker. But I live by the mantra of trying not to negatively impact any other party and live in peace.
To have a time limit of ownership feels much like an "estate tax" in that on your death, you lose all your assets. As any family participant knows, you want your assets to pass down to your spouse, children or any nominated party as a part of your legacy. If that can't be done, we have a major problem on our hands. And I see more issues and problems with the author's approach than I see solutions, to be honest.
There will always be those that have and those that have-not. That is the way it has been since the dawn of time. When those that have realize that the quality of their world is negatively impacted by them hording their own assets, then they might find that it is to their advantage to try and encourage those that have-not to learn from their experiences and change behaviors so that they too can begin to improve their lives. In that case, everyone wins. But to redistribute wealth doesn't work. I have seen that up close & personal in Australia where the sense of entitlement has destroyed the hopes and ambitions of regular folk that can choose to live in squalor and be funded by govt benefits rather than take their sacred life and make something of it - something that has enormous benefit to ego by being of service to others. Lazy is a human fault that is hard to fight against, and the biggest teacher of how to avoid it is to burden someone with the responsibility of survival. So if you have of sound mind & body, you have a responsibility to accept that burden and not try and share it out to others. It creates a better society IMHO. There are always exceptions, normally due to physical disability, in which those that have can contribute in ways to help out those that truly need it. But I believe more in a voluntaryist approach to this rather than a mandated, top down, statist approach. Particularly when the state have the power of the gun to enforce it.
So again, no response to the details of the post, but more of a general sense of where I am with these things. The best thing, in my mind, that we can do is to get states out of the business of affecting a free market and let the market itself find solutions to problems in a decentralized and bottom up approach here. It is amazing what humans can do if given the chance to do things.
Thanks for the reply @k0d3g3ar and I think I understand your position as a Libertarian, but I don't think poverty will be with us forever, especially with the use of AI, technology and automation.
Having said that, there is an app like Instagram on Steem and it's called @steepshot. I use it for some of my posts and some of the cat and food photos you dislike might be from there.
I can see your gripe with Steemit and I personally believe this platform will fall by the wayside and Dapps will take over.
If a Steem platform wants to represent blog posts only, it should do something along the lines of having a requirement for a minimum amount of text.
I think Steemit as a platform will fall by the wayside but Steem as a currency will be more stable (over the long-run) than the other SMTs. The price that it is stable at though will probably be in the $1.00 - $5.00 range... not the $100.00+ that speculators are dreaming for.
P.S. Like you always say, that's not financial advice, it's just my personal belief, at least for now.
Good idea on the amount of text. What is also interesting (and somewhat encouraging) is to see the fiscal benefit of posting video content vs. writing in blogs. Those that post on d.tube seem to make 100x the revenue in terms of Steem from upvotes, etc. The only problem is that the same dynamic occurs - they post a pointless daily vlog that has little or no production value, or content. More of a "this is what is on my mind right now" approach.
Remember the early days of Twitter? People would tweet sitting on the toilet or eating a meal. The efficacy of the post was lost. It was originally designed to be a spur of the moment thought, but people learned quickly that doing that doesn't engage a audience or build a following. Here, it seems, people are not interested in long term benefits vs. short term quick bucks and I suspect, to your point, that will be the demise of SteemIt.
Steemit won't die off 100% but I don't think it will thrive either @kod3g3ar. It is too generic and often ends up being the dumping ground for Dapps.
One example is @steepshot. Steemit is supposed to be a blog platform but @steepshot photos with very little text are also published on @steemit.
Another example is @partiko since it is starting to resemble Facebook. People might start treating it like Facebook, but the posts will still get dumped on the Steemit feed.
There is also a possibility that junk Dapps will be created and their content will find their way to the Steemit feed.
Dapps have an advantage over @steemit in that they can create a specific purpose such as streaming, blogging, photography or crowdfunding and can format their website or app to reflect that.
Steemit on the other-hand doesn't have that luxury since it is mainly used as a sample site for what can be acheived through the Steem blockchain.
Because of @steemit's position as the "sample site" I think SMTs will take center stage at one point and Steem as a currency will take a major hit. That is when I plan on investing since I think Steem will benefit from SMTs in the long-run but not immediately.
I would love to know your thoughts about buying into Steem and when you think it is a good time to buy. I personally think the downtrend won't cease until Steem touches 50 cents but I am also looking to see if I can buy-in even lower than that.