Steam's reality and Steam's trilemma...
Steem, a chain specializing in social media services, is experiencing a unique trilemma that no other chain has. I didn't want to write it because it seems like Steemians would know everything anyway, but there are opinions I can't agree with, so I'll write a few words.
The trilemma generally refers to the dilemma of three conditions that cannot be achieved at the same time.
Bitcoin and Ethereum, which are generally evaluated as having high decentralization and security, continue to be controversial about how to secure scalability, and Stellar Lumen, Ripple, and EOS, which are highly scalable, are evaluated as having low decentralization. receive
Each chain is working tirelessly to satisfy the remaining one that it doesn't have.
Where is Steam?
If you ask me to take a cool picture of the current location of Steam, I think this is where it is. The old Steem, where Block Trade dominated, and the current Steem, acquired by the Tron Foundation, are chains that are not decentralized anyway.
Since there is no smart contract, developers can create a dapp by manually using custom_json from one to ten. However, dapps created in this way are not widely trusted because they are not decentralized and are not secure, so there is almost no scalability.
Ironically, it may have become the most secure (?) chain because there is no PoB or DApp that uses smart contracts in which token stakers can decide where the inflation of the blockchain will go.
What is Steam's DApp development environment?
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Although Steem is fast and has virtually no transaction fees, it can be said that Splinterland is the only DApp that has been transferred to Hive Chain. Many people say that the lack of smart contracts is the biggest cause, which is half right and half wrong.
As a result, the ecosystem of a public chain that operates as a single organism is composed of money + people + systems. Money is made by investors, use is made by people, and systems are made by developers.
And if these three beats fit well or one side strongly carries a hard carry, a pretty decent dApp development environment is created.
So what about Steam?
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(1) Developer's position
Whenever I recommend developing on Steam to decent developers around me, the answer I get back is pretty much the same.
There is no money because it is a place where money does not circulate.
There is no smart contract, so the development environment is not good, and it is not very helpful for my career.
I know the community is already dead, but how much DAU?
There is no money on Steam, but there are many critics like my mother-in-law.
From the developer's point of view, technical perfection is also important, career scalability (whether you can use what you developed and studied elsewhere), response to the product, and how much money the product makes are important, but all of these are not met. Boni, the new influx of developers is almost zero.
It is said that there is no environment suitable for investment or response, but there is a lot of criticism and nagging.
(2) The position of capital
Investors have no choice but to move after thinking about ROI. Since there is virtually no rotation of capital and it is natural that new capital does not flow well in places where there are many so-called corpses, it is very difficult to change direction once going downhill in the blockchain scene.
Developers and users flock to where money is, and developers and users flock to supply and demand to create dapps, and money flows back into dapps, so money can continue to be put into solunaxax there is only
And the biggest limitation of DPoS is that ① there is no or insignificant token burning model, and ② there are barriers to entry to participation as a verification node. If it is not possible, capital cannot but flow into the token.
Fortunately, Steem has a PoB, so it can bring some of the inflation with tokens, so it has been holding out for 6 years, but EOS does not have such a system and eventually went to hell.
Since capital does not circulate or flow in, it is natural that DApps have no choice but to rely 100% on witnesses.
(3) User's position
Users want to experience new things in a variety of ways. And if you can make more money by trying new things, that's a bonus.
However, ironically, there is also a tendency to avoid the fact that something new causes any harm to me and me, or that a new shock comes to the system I am used to.
If there is nothing new and a calm lake-like state continues, they say, “We need DeFi, we need NFT, we need new content,” but I think it would be nice if someone other than me would do it. And when a person who talks like this a lot comes up with something new, they start to be suspicious and criticized rather than cheering and participating.
Everyone, like me, has a duality and needs doubt and criticism. However, we must not forget that the growth of NFTs in Ethereum or Klaytn was possible because of the unconditional support of users.
Watching UPVU 2.0
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The optimized upview system made it possible for all of us who have been bitten by STEEM to get a slightly better return. Thanks to this, both you and me, we are all immersed in mining for a day, covering all of the greatest value of “communication” on social media.
Then, suddenly, when I am hungry for something new, I wonder what the developers and witnesses are doing.
What can we do then?
Currently, Steam's system is in a very serene state where doing nothing by witnesses or developers can make a difference.
As a result, this leaking gourmet occupies the top 5 Witnesses.
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Isn't it the first thing to get rid of the hole in the gourd and look at it?
What is more precious between losing 5% of my rental compensation (even if it is 50%, it's only about 5% of voting revenue + Kyure's total revenue) or throwing millions of won each week in the market by such a hole-in-the-wall? And why can't we readily delegate proxy authority to Upview without needing to think about it too much?
Isn't it a preconceived notion that we should consider ourselves to think that the proxy will become a localization where only Korean Witnesses vote? It is also worth considering that we are feeding the leeches that are gnawing at Steem because we are not decentralized and that governance authority is the most important. (Me too.. and you who cry out for the right to vote for governance like that are also voting for that leech..)
In the current situation of Upview, I think the saying that an angular stone is just right is not right.
Perhaps if there is no movement of upview, it will continue to be ripped off..
Let's not throw a stone that will not support the new move.
This may be the last bus.