What Is Steem To You? Let's Talk About It.
I've been racking my brain and coming up with what is Steem to me. Not an as straight forward of an answer as you might think.
Incentive: curation vs self-upvote
self-upvote allows more direct cash flow to go into one's pocket. higher curation can provide higher ROI, however, it takes more skill.
Steem is a decentralized database that stores text files for the most part. A censorship resistant database is best used for social media. Social media currently is a shit show, but FANG stocks are the biggest stocks in the world. I believe STEEM can replace the word FANG. STEEM stocks, businesses leveraging the Steem blockchain.
Money+ = Bitcoin
Social Media+ = Steem
I hear people say that Steem's killer use case is not social media, however, I have yet to hear what the other use cases would be. I think of Steem Monsters, sure, but if you listen to Aggroed speak, he says that leveraging the community of #Steem was a big aspect in their success.
So, even if there is another use case for the Steem blockchain that isn't social media, it could still benefit being a branch off of a social platform.
The above are just my quick notes and do not represent the video as a whole. Listen to the entire video if you want my entire viewpoint.
WHAT IS STEEM TO YOU? Let me know below.
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Dan, I have been answering car questions for over a year now. Every day, I make a post available for any Steem account holder to ask a question about their car issue.
One can't ask a question unless they have a STEEM account because they can't comment without an account. This simple free service is available to all Steemians and is in part what makes STEEM special. No one is obligated to upvote my blog or to upvote my response, yet there is a place for them to go for car answers.
My goal is to be the car expert on STEEM that every Steem user goes to when they are in need. That will be my niche. My hope is that when STEEM community grows large enough and the price of STEEM gets high enough, I can survive by providing personalized answers to car issues.
I have had to return to working and can't answer all questions immediately, but I work very hard to answer them within 24 hours.
I detect a little bit of frustration (understandably so), but that aside - I think you said it exactly as it is. It IS a buffet of riches! There is something for EVERYONE! The power of #steem is in the variety and freedom it offers.
Speaking on the "public" aspect of curation...
Personally, I think what makes Steem stand apart IS the curation aspect of it... and I have said this a few times before - People may BEGIN their engagement for the sake of reward, but through that... so many other things are born - enthusiasm, connection, encouragement, fun - and the list goes on. So it becomes a "double whammy".
What starts out for most as a "ok I need to engage to earn" - develops into friendships, mini-therapy-sessions, debates and discussions.
Take the curation rewards away and the social "incentive" that is driving an almost anti-social society disappears. This is the magic of Steem and I think it would be truly sad to lose it.
Speaking on the "curator" aspect of curation...
Curating may not always bring the highest rewards in monetary value to the curator... but I think for individuals truly passionate about the community aspect of the platform, the offering of curation offers a different kind of reward entirely - one which is equal to if not greater than the sound "kaching" brings.
At the end of the day, the "essence" needs to be kept alive. Holding a long term vision, or one which goes against the grain of the mass is NEVER easy... but like "they" say - easy come, easy go - so keep that in mind and remember the "what and why". "Rome wasn't built in a day" so to speak... but you do it because you know what you are doing is playing a pivotal role in building something far greater than instant reward!
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Spaces like Steem NEED people like YOU to KEEP on pressing and voicing these issues!!!!! We ALL need to keep on doing that!
Changing the ways of man takes time and effort! It requires authenticity and passion - it requires consistent leadership and guidance but mostly it requires the EDUCATION and REMINDERS like this to the people listening in.
Hahahaha BRILLIANT! Very apt indeed. :)
'I'm a HUMAN BEING, God damn it! My life has VALUE!
looks like nothing changed in the 40+ years.
Really enjoyed listening to the whole video bro!
Amazon started as online bookseller and now they’re selling everything
I see STEEM as
Universal bank that can bank the unbanked
Universal Educational platform (like Lambda School )
Universal Start-up Venture ( Like YC )
Also @cleanplanet project can build something that tackle climate changes in a scale with STEEM
What is Steem to me? Well, definitely more than I would have imagined when I registered here some 1.5 year ago. It really represents a lot to me. It´s my job, my hobby, my getaway from the centralized and censored world, a place where I come to hang out with like-minded people, to learn new things, to relax, to come for advise... You name it. Steem is an important part of my life.
I disagree with those that say the main component of Steem is not blogging and social media. Sure that’s not a technologically satisfactory point to make because there’s so much possibility with the future of the blockchain sphere, but what is Steem without this community of people? I can’t imagine what this place will look like in 5 years; will people not scorn the social aspect of it? Or will they continue to put down the aspect of it that drives most of its business?
Without the social aspect of this place, where would this many people, ordinary people mostly, be able to get their hands on the first round of blockchain innovations? The whole reason this place is successful (as it is, but still unfortunately pegged to the bitcoin fluctuations) is because it’s a social zone. I came here first for the social aspect, now I stay for so many other aspects but it starts with social.
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I see Steem as being much more than this demo app that was set up to demonstrate to the world how Steem works. I have already begun a series showing how it can benefit pre existing businesses to keep more of their cash flow, or expand their cash flow.
Steemit as a social site has created a strong core, yet I wonder how much ill will has also been created by the masses who came, became disappointed or angry and left. For Steem to reach a high level in market ranking and valuation, eyes must be turned outside of the current model. Simply shifting stake values and payouts within the already existing community is not the way towards mass adoption.
Ideally, programmers will breakdown (what I have begun demonstrating for those with programming abilities) what needs businesses have that are not being met currently and create a program that would link Steem to their business model to solve the issues.
Having said all that, I do see the social aspect being a large part of it. I see better versions coming along (such as Kure promises to be). Dan created Steem ultimately to make the entry into tokens easier. So far, the disconnect even in the social side has not explored much in the way of client experience. So much possibility if programmers can see one of the many visions possible and build it to satisfy.
It is definitely a complicated answer if you get right into the detail of it. Simply put for me, it is an innovative blockchain with community growth built in.
That is not the end game though. The business that can be built on that network and blockchain is the real kicker as though there may be money in blogging and content creation, we also have the opportunity to stake some money, and use that money in whatever manor we choose.
Imagine a business with 10,000 facebook likes converting that to 10,000 active followers. Having a vested interest in keeping an eye on your feed that will contain business marketing is built in success for those businesses who start up here for free. Then, the real life budget can be saved when you are rewarding the patrons using your liquid steem, and the SP stake grows to provide a diversified income stream.
Just one example of course but STEEM hasn't even become what it will and is awesome already.
Almost 2 years on steem, I can talk a lot about it. But I will try to be brief. So, I'm a foreigner living in Russia for almost 9 years and not having the Russian citizenship yet, that's why no one is accepting me to work here, so the only way to earn for me is to do something online.
I've started by ptc website, then freelancer job, then I jumped in investment websites and I lost a lot of money with that. Then I started trading crypto and finally I've found steem.
The most important for me is that steem is paying and working well because there are a lot of scams out there. So, steem for me is the best solution. Because it has the best community on the web. It has a lot of applications and really awesome perspectives.
About the curation, I'm also doing the same with @dcooperation , I'm the only curator of that account, all the earning from that account is going to power up, I'm not upvoting myself and I'm delegating all my power to that account.
I could use all my power to maximize the curation rewards, but I'm not doing so. I know who is upvoted well and I could just follow their using steemauto to upvote them, but I don't do that. I never delegated to a bid bot. I don't use them anymore. I do my best to use as much dapps as possible. I try to follow everybody here and support as much people as I can and I'm interviwing people just to help them to get noticed. I even follow steemians in other social media to be in touch with all of them.
So, steem is a lot for me. I love it. I'm not afraid to say that I'm addicted to it. It really changed my life in this 2 years and I enjoy never giving up on something that not making me rich yet, but I'm almost sure about the bright future that we will all have here.
Thanks for your inspiration, I really love to listen to your videos. ☺
So how do you monetize it? I don't see how someone could live from this.
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Monetize what ? If you are about steem , there are a lot of ways. Check all the apps and how they work and you will understand how to monetize and even build a bussiness here.
I liked your analogy about a painting as I had alluded to Steem being like a mural of sorts that we are all contributing.
It has the potential to turn out quite beautifully but I think there are certain interests competing with that outcome.
Primarily, it is self-interest versus collective good. Most are so preoccupied with their own wallet that they will forsake the things that I believe can lend to the greater value existing in the wallets of all.
What we see today speaks a commentary about society. The reward pool is like the river we all drink from but we must work to protect it.
If all users work purely from the interest of their own wallets over others, I am assured Steem will eventually fail.
It is not profitable to be prudent with one's votes as there are others who will gain from not doing so. Therein lies the fatal flaw I think.
Can we overcome that? Perhaps but it will take some degree of work and innovation. I think a proper front end implementation with proper promotion (that does not affect reward distribution) could get us halfway there.
Hopefully there is someone smarter than can help get us there. I have much to learn in the web dev arena and provided I have time will tackle that mountain myself eventually.
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My premise precisely (unfortunately).
The fundamental flaw in the coding. Might is right and thos with the biggest net (sp) take the most fish (rewards pool).
It's a model antagonistic, and not sympathetic to free markets. (free markets relying on the fundamentals of merit and property to function).
Merit is not relevant in the profit structure, on Steemit.
I joined Steemit in September 2017 because a friend on Ello (waves hello to @pixelfan) said he was actually getting paid for sharing his photography. At the time, I'd connected on FB and Twitter with an amazing community of bloggers who were all sharing each other's posts, in an effort to get us all "seen" by the masses.
After a few months on the blockchain of aimlessly trying this, that, and the other thing, I was on the verge of giving up. Luckily @jaynie & the #PowerHouseCreatives (formally known as @SteemitBloggers) came along and gave me the that same kind of community, but their support & curation actually had monetary value!
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Actual footage of me when I
realized it how Steem worked 😉
Now when I go through my WordPress Reader feed and click the little hearts, I can't help but think, "Geez guys & gals, if you were on the blockchain, this gesture would actually put cash in your pocket!"
The point I'm trying to make (I think - still to early on a Sunday morning to be sure 😂 ) is that the desire to support others who support you already exists in SocialMediaLand. And if curation on the Steem blockchain was given more value than vote selling (as you talk about in your video), I have no doubt we'd be onboarding bloggers (as well as others) by the bazillions.
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Too true!
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