Some history and thoughts about Steem and my activity
With a lot of witness reports going around lately, thought I'd write down some stuff that I've been working on as a curator and a frequent poster to my followers and the platform.
Time have been crazy lately, not just cause of the SBD spike, but the general attention cryptocurrencies are finally receiving. Seems like mainstream adoption is just around the corner and sooner or later everyone will be drawn to it. Feels good to have invested a lot of time onto the platform and be ready to welcome everyone, especially since this blockchain is one of the most advanced and can handle all the new traffic coming in!
I recently had a look at blocktivity.info and Steem is closing in on new record heights in transaction traffic again!
Bitcoin and Ethereum are both struggling with unconfirmed transactions already while the Steem network is only at 0.32% capacity with a team already working on scaling it further! Really exciting times to say the least.
With big attention it means that the blockchains are also getting more and more people wanting to work towards them, we've seen how active utopian is getting and the amount of new developers coming in which we have been lacking for a long time. The progress is nearing exponential levels and with new users and ideas and work load they will be reaching them faster and faster.
It's a bit funny that we have been discussing the curation rewards to post rewards lately and how and if we should change it on the blockchain level as to give curators more incentive to curate better and not just on the most popular authors for increased curation rewards - even though often they miss out on higher rewards cause they end up being the last to vote on popular authors, but that's lazy autovoting curators for you. What's funny is that now with Steem Dollars being worth more than $10 each it seems the gap has become even bigger. I'm sure we are going to find a more fair divide with experimentation, and I doubt the price of Steem Dollars will remain this high for too long.
It gives a good jump start in funding for all the new potential ideas and projects on Steem though, so I hope frequent posters are taking advantage of that - I know I will.
Ever since I joined Steemit and got active there have been very few days where I haven't cast a vote and I've never used bots to vote for me. As a long time Redditor I felt that the curation incentives the platform gives will be huge in the future - no other platform rewards you to curate actively. Not to mention with more stake depending on your SP instead of 1 vote just being worth 1 which leaves a lot of leeway to game the platform as we have seen being done on Reddit often by bots and so called "vote selling services" which are completely different than the ones we have here.
I started a curation trail early on, it was around the same day that Streemian launched. This was back before delegations existed and it allowed bigger accounts to follow my manual votes knowing I will be distributing the votes wide and doing good with them. To this day I have cast over 42,000 manual votes on the platform and I've only had to change my mouse once!
After delegations I felt I needed to improve my manual voting activity to be able to focus it better on undervalued authors for retention. One curator can only have a certain amount of hours in a day and the influx of new users was becoming overwhelming. So I went out and created the curation project @ocd. With the help of 10 other curators at the start who also received some delegation from me, we have now grown to nearly 40 and have selected around 1,000 unique authors that we have curated and supported.
During all that I've stayed up to date on chats, trying to give everyone a minute to curate their posts while chatting with other active Steemians. Stayed up to date with changes, how everything works and some technical details about the blockchain even though I am not so tech-savvy my self. The userbase is becoming so big that they are being spread all over different chats, steemit.chat, discord, slacks - there are Steemians everywhere and everyone belonging to their own community while everyone is waiting for communities to arrive to the platform. :)
In the meantime I've also focused a lot on mentioning Steem on other platforms, especially during times where the currency wasn't doing so well price-wise. I could've been posting away earning that cheap 10 cent Steem Power like many others were doing, but I decided it would be best to try and get as many new people on here and writing as possible - especially those that did listen and have now landed on something awesome thanks to me and have been rewarded because of it. It's kind of funny that I skipped earning that cheap Steem at 10x lower price yet now I'm able to buy it back at 10x the price of SBD, feels like a second chance of growing my account and for many others as well.
Like I said in a recent post, its completely understandable for users to make the most out of the current SBD prices, I see it as a good way of redistributing Steem Power and it will be very healthy for the platform in the long run. The investors that have been around for a long time and are now powering down are helping distribute the Steem, I'd say keep the price lower for longer even so we have a healthy distribution which is a very strong aspect for a decentralized community - one that not many can say they also do have.
I am glad that @ocd is getting a bit more support lately and that not a big portion of my daily voting power has to go towards it as it will give me a lot of room to spread them out more and start funding some projects on the Steem blockchain that will hopefully become an important part of it in the future. I've promised some of you a new project that I've been working on for some time and I hope to be able to deliver it soon and that the community will love it.
So stay tuned for that and keep on Steeming!
Wow! What an insane amount of manual votes! It is great that you are doing this along with @ocd!
Steem is about to have a big upward move soon. We are almost to smt time! With btc and eth not being able to handle all the transactions, we are looking better and better every day
The current SBD price is a good motivation for the steemit community I can see that people are posting a lot more then before. Sadly I can't have a new project which is eating a lot of time but I am giving my best to do 4-5 post per week.
Keep up the good work with OCD and all the other projects you are doing on steemit and thanks for all you do to make the community better :)
LOVE&LIGHT
i am totally agree with you.and i want to say something like senior and experience guy on steemit like you and others,please encourage and help people who are new on steemit.they will get confident.and i also feel that steemit will be no. 1 social site among all in near future.@danyelk @acidyo @danyelk
Awesome work you have done for the platform. I don't think I would have still been here if it wasn't for OCD so thanks a lot ! Persistence is the key, your old computer mouse knew this fact as well hehe
Everyone has heard that STEEM has very high inflation, and users should convert to Steem Power to protect against it. Do people really understand what that means though? To put it in another way, the price of STEEM is meant to go down. Granted it is going down faster today than it should/will under 'normal' conditions, but that is mainly because of several factors which make today's situation kind of unique:
The network is in a distribution phase, which means it is purposely inflating STEEM at a faster rate than 'normal'.
Many of the early adopters are powering down and cashing out to capitalize on their initial investment, as well as fund projects that they believe will add value to the project in the long-term.
The July price spike caused the network to produce a lot more SBD than the platform was arguably 'worth' at the time. There is now a very large amount of debt that the network must pay back.
There is still not a very big demand for STEEM/SP yet, because the product is not ready for mainstream users, and there is not much to combat the inflation by generating more demand (like through advertisements) other than speculative investing, and users wanting to work their way up to dolphin/whale status.
This is not true anymore since around 8 months ago.
well i think your right sir.. everything changes..
I take the piss with you quite often but you better know I respect your attitude and dedication towards this platform and the community more than almost anyone.
When I first started here, you can buy steem for around 1SBD each. I even converted some SBD to steem. Now SBD has sky rocketed and how I wish I have kept all my SBDs before and withdraw it with today's value! Haha but seriously,I am so glad that I found Steemit! This is really a great opportunity to earn and to learn more about blockchain and other cryptocurrencies. Thanks for being so dedicated here in Steemit. You inspire small minnows like me. ❤
Wow! @acidyo, this is a good work you are doing here on Steemit with @ocd and via your motivational and analytical posts.
That your screenshot from blocktivity.info is really accurate. I think @lukestokes also talked about that yesterday. 0.32% of Steem blockchain's capacity is being used ...so much space for more...
While bitcoin is old and bloated...steem is young and lean...ready to grow and hit the moon.
I'm particularly excited about these new price hikes of SBD. Its inadvertently serving as a pivot to lift steem up. I just love that.
Cheers @acidyo!
More SBD and SP to us all...
I need to buy more Sbd and accumulate steempower.
Good work @acidyo .
Informative content.
Keep up the good work buddy
If you doubt about the high price of sbd will not be too long then I guess I will need convert all of my remaining sbd before its price went back to its original price.
Don't use the "conversion" option in your wallet. It will give you steem as if SBD is at $1. Trade them in the inner market instead.
Use market option better I think.
yes haha thanks for reminding me.. I have learned my lesson using the conversion before and i regret it haha..definitely trading it too market. thanks.
anything can happen to curypto
Please don't SPAM... take a look in this before hurting your reputation.
You really are a curation boss, @acidyo! Thanks for everything you do!
The most exciting piece of information to me in your post: The Steem Network is only at .32% capacity... That's incredible.
I love that when SBD is so high, even my measly upvote can be worth up to 50 or 60 cents. I have really been trying to focus on curation (and powering up) the last few days.
We're pretty fortunate; glad to be along for the ride!