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RE: NEW YEAR, NEW RESOLUTIONS. DO THEY WORK?
Dear @quillfire
Have you, for example, ever met a STEEM Whale or Witness in person
What about you? I dont think most of those people would bother to even talk to someone with small SP. That's how I see "big players" here.
Cheers
Piotr
@crypto.piotr,
I have had a couple of superficial communications with a couple of Whales and a Hell of a dust-up with a Witness Group (4 members) regarding proposed reforms to the blockchain ... they DO NOT want Rules of Conduct that would prevent vote selling/buying.
The value of an idea is independent of the pedigree of its author ... and that is one of the huge dangers of the STEEM/Steemit model. The big players are big players (with perhaps a small number of exceptions) because they were miners or early adopters ... essentially, they were in the right place at the right time. Hence ... techies.
Being able to write Python is but a fraction of the knowledge required to effectively manage a cryptocurrency. The knowledge-base amongst Whales and Witnesses is EXTREMELY skewed towards IT and noticeably deficient in basic business management skills. I used to manage of couple of hedge funds (one a currency-trading fund) and am very familiar with the financial, economic and legal issues that will effect STEEM but which have nothing to do with 'coding.' These issues are every bit as important, if not more so, than DApps ... and yet they are being largely ignored.
For example, SMT's will ABSOLUTELY be considered securities by the SEC and other world securities agencies. And yet, people still think that they'll just pay a dollar, start a SMT and do an ICO. The utterly ignorant think that they won't be subject to SEC jurisdiction just because they don't want to be ... as if, somehow, it will be "their choice" (ignorant Anarchist ideological baloney). This is off-the-scale amateurishness. It costs tens of thousands of dollars in legal fees to set up even the simplest of non-US offshore structures and once you involve securities, that amount increases exponentially.
The US government has a plethora of ways to "establish jurisdiction" and has an extremely long and successful history of doing so. All of the US-based Witnesses, nodes and users .... not to mention Steemit Inc.'s US residence ... will be more than enough to establish a nexus.
I'm not being mean for the sake of being mean. I love Steemit and desperately want it to succeed. But a level of professionalism (and realism), that is at present wholly absent, will be required if it is to survive.
Quill
You are exactly right. Basically the saving grace for Steem right now is that it is such a small bit player that it is under the radar of SEC / fed or at least is not any kind of priority in comparison to scam ICOs and exchanges playing fast and loose with the rules.
That's a good point @carlgnash
I also was wondering if this is not Blessing for Steemit that it's just so very small ((still)
@Quill Sir
Extensively covered all the problems that were being faced by Steemit.
"....a level of professionalism (and realism), that is at present wholly absent, will be required if it is to survive."
My opinion is if all the whales would have taken a New Year Resolution to become DOLPHINS, then the Steemit will become FAMEit!
LIVE AND LET LIVE sort of situation must come in Steemit or else anything may happen......
@Quill Sir, with this commanding comment, you've just went in for the Kill!
Hats off!
@marvyinnovation,
It's nice to see that there are some fellow travelers out there. Thank you for this most generous commentary.
Drop by my blog anytime ... it's a hotbed of smart folks ... and, we could always use one more. Steel sharpens steel.
Speaking of "could use one more" ... (time is short).
https://steemit.com/powerhousecreatives/@quillfire/measured-our-mettle-vote-10-000-steem-delegation
(And never mind about calling me, "Sir." My friends call me, "Quill.")
Quill
Dear @quillfire
I would like to thank you for another amazing comment. I appreciate all the time you invested into replying to me.
Yours
Piotr