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RE: My HF21 after thoughts and impressions of new steem trending page

in #steem5 years ago (edited)

Sorry but that’s crap. If I’m an investor considering dropping $1m bucks on a blockchain I would absolutely want to see a blockchain with active dapps development.

I’m not saying that the trending page is good, those things are not mutually exclusive. Just saying your opening sentence is as crap.

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You would absolutely want to see active digital application development – but what are those digital applications supposed to be doing? What is their purpose? The point of their existence?

They exist, at least in the Steem blockchain technology, according to the white paper and everything else that people say, in order to find and promote the best content.

If you go to a site and look at the content which is popular, trending, hot, whatever the term is for the day, and all of that content – every single bit – is just people on the platform jerking each other off about how cool it is, you don't put your money there. You would be an absolute idiot to put your money there.

Somewhere in an out-of-the-way corner, the people who are building and supporting the blockchain should have a page which specifically talks about their digital applications and success stories and how they work – that's important too. But it needs to be not anywhere near the top page, not anywhere near the front page, not the big promotional angle, because the whole damned thing is supposed to be a platform for users to get value out of the platform.

As an investor, if the thing I'm looking at doesn't look like it actually does a job well, if it doesn't do the job which it says it's for well, that is a shit investment and I should avoid it. Of course, the world is riddled with investors who bet the other way, but most of them aren't investors for very long.

If the most rewarded content on the Steem blockchain is all made out of the masturbatory monoculture, it looks terrible for investment, and it doesn't matter how much you think that saying so is crap, it remains true.

Ah but there we arrive at yet another layer... is the current dev show worthy. That’s another topic yet again.

Echo chambers are masturbatory monoculturen which more often than not don’t give a damn about the actual quality of the delivery or its product.

As an investor, not a trader, you will understand that the ROI is in taking the token to $2, rather than in all other wank we see. Wank we see because most people talk about investors but don’t know how investors think. Investors are not here to maximize is an inflationary down pressure market. They will assess if they see token utility and whether that utility has any chance of creating both complexity and scarcity.

Remember that unless C- and D-round, an investor seeks at least 6-8x. Not just some increased number of tokens, they most likely won’t care about those. They did calculate the inflation before investing and interest is most likely less than their funds management fees they charge their own investors.

Then make a DAPP trending section, simple!

It's open-source, go for it. Make it happen!

While I think there is something about the concept of creating a "dev updates" section, the delivery - one often heard - of "Not my cup of tea, get it out of the way [to a tribe/less visible section]" sucks.

There's two other alternatives:

  1. Downvote that content if you don't want it in trending
  2. Reward other content for it to hit trending

News flash: trending will always suck for a majority because not tailored. And I'm pretty sure neither of us wants to go there because it just opens too many damn cans of worms as last decade online has shown us. Meanwhile, in China they now pay by smiling as a facial scanner. As if there wasn't enough tracking and ID in place there. ¯\_(ツ)_/¯

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