RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?
I find myself scratching my head over the whole "lagging" issue almost daily... and I keep wondering if there's some secret cabal out there painting Steem as a shitcoin, and we just don't know about it...
In all seriousness, I think we do have some issues with "misplaced focus." I was just looking at the runup in BTC and realized that if Steem had just kept even with BTC over the last 90 days... we'd have $6 Steem right now.... and that's just a tiny bit of the market gain.
I still think we have something brilliant, here. Some amazing opportunities.
For example, because accounts are designated by simple user names rather than long and impossible-to-remember numbers and letters, the potential for simple e-commerce marketplaces are HUGE here. I know we have a few little initiatives here and there... but this could be home to an eBay-style peer-to-peer marketplace of goods and services, turning this into a coin the TRUE "economic potential."
What I use the term "misplaced focus," we seem a bit like a development that keeps creating more and more plans and blueprints... but nobody's actually getting around to BUILDING something. Maybe I'm just a relic from the past, but I happen to be of the school of thought that a project like Steem/Steemit should run on something more concrete than "potential" and "promises."
Which bring the next thing... Steemit is a marvel for the ENTIRE cryptocurrency industry because it allows an easy "soft" entry point for newcomers to cryptos. No mining equipment needed, no tech background needed... just create content, and you've had your start with cryptos. I bet tons of people started here and NOW also are invested in other coins. That has VALUE.
And YET? The Steemit front end (and clones) often feel like they only get as much attention as "the ugly stepchild" while everyone is going on about the genius of creating MORE coins through SMTs. Why aren't we creating a breathtaking front end UI for the Steemit front end... something to point "real" people at and they'll say "WOW! You can do THAT on a blockchain!?!?"
Instead were sitting here with a somewhat outdated "message board" where bloggers like me are creating content IN HTML for God's sake! In 2017!
Sorry to "go off" on this @ats-david... but seriously, something isn't quite right... and I'm not sure what it is.
But I will end by bringing up a potentially "ugly" question: Why is it that our esteemed Dan is seen as a GENIUS... and yet Steem and EOS and Bitshares (coins in his projects) are underperforming the market? Is there a deeper bias? Or does the market just not trust "coins with a greater function?" I'm not saying that as a smear against Dan, but more as a reflection of real investment biases: Investors are often FAR more willing to throw money at some "fancy" (think "tulip bulbs") than something that will solidly change how we do things.
You are telling the truth about the UI
I love Steemit but my friends who are not "tech people" looked at it once and one asked "Why is it stuck in 2001? and laughed", it was harsh to hear but she was simply being honest.
I talked about FB spying and taking ownership rights of her content and about making money on Steemit and never seeing advertisement, but she did not care one bit and just responded "the day it is as easy to use as facebook i will maybe try it".
So, "normal people" ONLY care about the glamour and the ease of use, and I am sad to say that Steemit will never become the next "big thing" in social media, unless it updates its UI and UX.
Exactly - Steemit maybe objectively and intrinsically better than FB, Twitter, etc. (I mean twitter, talk about joke-stealing) but the Steemit UI feels so clunky and out-dated and user-unfriendly that even super simple blogging sites like Medium still feel 1000x better. I'd write an essay on Medium and promote it EVERYWHERE with friends. I don't think anyone would read it on Steemit.
Also (and I admit I'm new so I might have just missed this), "serious" writing/blogging sites often have huge "you own everything we don't own anything" disclaimers, which is a HUGE deal for writers and is something they actively look for. Steemit having something similar would help the "scammy" feeling.
You are very right, the scammy feeling that new users get is another problem which should be fixed through a re-branding of the platform.
I hope they are working on it, but I fear that they don´t have anyone on their team who truly understands the importance of the visual design and how it relates to marketing of the platform.
But I am waiting patiently on the next platform updates in 2018, hoping that it will be made a priority.
Very true.
This might have to do something with the POW lovers and DPOS haters...
Not sure hating DPOS is why STEEM price is lagging. Facts are that POS results in potential for arsehole whales to influence the value of your investment. Do you want to put your investment dollars at risk of being massively negatively influenced by arsehole whales?
We don't have many of those on steemit.com But we have a few. @fyrstikken
And the few aresholes fully explain why STEEM price is stuck in endless loop, and not keeping pace with BTC
Steem lagging are you kidding me?
Compared to BTC, Steem is faster than the speed of light.
Yes, the website takes some time to load. That's because their is also a ton of data/computercode that needs to be downloaded. Otherwise the interface would look very ugly.
Also note that this website is still in beta, as in not the final product. Optimizing loading times is probably not their first priority. We just had a major update in the look of the website.
Give the Steemit devs some times to sort things out.
“Lagging” is being used in the context of the price.
I find it completely frustraing that so many absolutely trash coins pump whilst solid projects such as STEEM, BTS and EOS lag behind ! It seriously does not make any sense !
My understanding is that EOS doesn't even exist yet. To be honest I'm quite surprised how high EOS has gone with nothing to show for it.
thats a fair point my friend ! STEEM and BTS however are already amazing tech why on earth have they lagged behind so much ?
I think it is because the verification process to create a new account is quite long.
Because of Steemit, Busy.org and dtube. Steem is far easier to understand than pretty much other cryptocurrency out their. You don't need to know that much about technology to understand Steemit.
Compare that to BTC for example, where you get kind of thrown in the deep.
Steemit.com is the intro for most to STEEM, and it has a lot of seriously bad issues. That can be traced right back to POS, and POS generates whales, and some whales are arseholes.
And who wants to invest in a project where it is always possible and easy for a bunch of arsehole whales to cause the value of your investment to collapse?
I think most of us agree with that one. This is where the idea of burning off some of the ninja-pie would show some good faith. We're only just getting over past hurts with all the whale power downs from last year. The load needs to be more distributed, and less prone to volatility, for serious investors to want to take a bite imho.
I would also like to hear the answer to your ,,ugly''question.
I second that @oldtimer
One part of the issue is there is too many hands in the crypto pie for lack of a better way to put it. People who got in early on Bitcoin and Litecoin are doing ok at the moment. With constant talks about the crypto market falling some people (especially one's that are just starting to understand crypto) are hesitant to dive in. I think (and I am speculating some) that their logic is why back any crypto regardless of its speed time, etc if their is a possibility they lose their behinds in the process.
I'm trying a little one called coinstarter. Early stages, so you get 10 coins when you sign up, and coin increase just by logging in each day. Who knows, maybe it'll get some growth and recognition. Here's the link if you wanna check it out: https://coinstarter.com?ref=jtdnxqn7x
nice post loved it
check out my post
https://steemit.com/tokenpay/@abhishekkashyap/start-cryptocurrency-journey-with-token-pay
I've just imagined a future where people will create fake accounts with usernames very similar to real accounts, hoping someone will mistype the username or their friend or relative or whatever, and send the money to them! lol!
You're looking at one.