So.... Steemit in 2018
Yesterday, Ned made his first appearance of 2018 and its left me a little confused. Original Story here
Steemit Inc have hired new people to make the company a bit less dysfunctional, and have admitted to some major failings. One of the failings Ned took on the chin was the lack of delivery as per the road map. And that's fine, they were a little over-ambitious, we move on. But the problem I have is that they have ditched a timeline all together just leaving people wondering what they are going to do and when. WE have no idea if HF20 is coming Q1,Q2 or ever. The company would be much better off if they announced a rough guide of what they intend on doing to give us users and investors an idea of what we can expect and roughly when.
Ned has also finally admitted that their communication has been shit house over the past year. But instead of putting someone new into the role, he has stuck with the same twit who never communicated before. I'm hoping that we see weekly updates, blog posts, twitter posts, basically anything that shows the community that they are working over there. As I've said before, all it needs to be is a twitter post showing something happening, or Beers with the Boys after a hard week etc. We don't need a press release every week. This is where other companies such as EOS, Powerledger, Tron etc all have a major advantage, they build a community of hype masters that are super excited and promote for them. At the moment all we have is @stellabelle and her band of merry warriors spreading the word of Steemit on Twitter.
Lastly, @ned touted the success of Delegation. I'm in 2 minds as to the success of this. On the 1 hand, we have it as a tool for people to reward their community and to operate successful businesses through the likes of delegation leases and upvote selling. But on the negative side, we have the greed factor where assholes such as @haejin who rape the reward pool for tens of thousands of dollars, while the little guys get mere crumbs. They almost need to invoke a rule that no 1 user can redeem more than 1% of the reward pool to limited the instances of reward pool rape that are going on thanks to blatant delegation abuse.
So I think Steemit is generally on a good path to deliver some good results this year, if they can address the major concerns of the community with regards to real communication and abuse I believe this place will easily be a top 10 currency by the end of the year.
I was confused by the goal of attracting 100k entrepreneurs to Steemit in the next year. Isnt that a little modest for a snowballing social platform? Or does he mean
100k hardcore investors/influencers + a million casual users?
yeah I assume he means full blown business people. People that are likely to operate their own SMT and use Steemit as part of their business platform.
I would probably say people like yourself being a famous artist would also be classified as an Entrepreneur in his opinion as you can release albums etc via the steemit chain.
Thanks @gohba.handcrafts for being open and ironing out this concern. Lets hope for the best.
go good post, how much do you have in the steemit community?
Lots mate, its almost a fulltime job for me.
An excellent post with valid points & concerns.
Reward pool rape needs to be addressed ASAP. The primary goal of Steemit should be to foster good quality content that pays. The secondary goal should be wealth inflation by the methods mentioned. Without adequate Steemian retention and rising MAU, the platform’s progress may falter - negative network effect.
What’s so difficult about short but regular updates from the mothership?
Roadmaps should have indicative timelines so that Steemians can develop their project plans.
Good i like the post
It can't be easy dealing with all the work involved with beta, but I think you're right that communication is the key, as people want to know what direction we are going so they can invest in it.