Vlog 388: My take from the State of the Steem forum from last night (18th January 2019). by exyle

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dtube · @exyle ·
$46.63
Vlog 388: My take from the State of the Steem forum from last night (18th January 2019).
<center><a href='https://d.tube/#!/v/exyle/bq5jiz6h'><img src='https://ipfs.io/ipfs/QmWMHNCnDJVyba1nAZyHku1JGtYw1kWz2HujbJe117Pxq4'></a></center><hr>

Yesterday I listened to the state of Steem forum hosted by @pennsif.

@ned was there as a guest.

Most important points I got from the conversation:

1. Cost reduction is the number 1 priority for Steemit inc. (aka. Hivemind, Rocksdb).
2. The ads on Steemit.com are generating revenue already.
3. SMT's and communities are not a priority right now and haven't got any sort of timeline.
4. The current power down of the Steemit account is a risk reducing move after a potential HF treat.
5. Programmatic sales of STEEM by Steemit inc. will keep going.
6. Steemit inc. wants to stand more shoulder to shoulder with the community and developers in the future.
7. The current team of Steemit inc. consists of 12 people.
8. Steemit inc. owns 74 million STEEM.
9. With Hivemind a community app can be build by a third party.
10. in 3 years from now Ned would like to see more sustainable businesses build on Steem, STEEM to be a great and more valuable crypto and for Steemit.com to be a vibrant webapp.

I talk about it more in my vlog.

-------

![](https://steemitimages.com/DQmdWG7QanG3ZEgJQ4SiLkyQ5BKtxGU7jrrnwDTqsz3r177/Logo_Side-by_side_1000.png)

---------

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<hr><a href='https://d.tube/#!/v/exyle/bq5jiz6h'> ▢️ DTube</a><br /><a href='https://ipfs.io/ipfs/QmZxdRooniYE76AxvQTh4iJWWCnnVvtwKzMdjE41BBRotg'> ▢️ IPFS</a>
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@chesatochi · (edited)
Cool to see the transparency of Ned and positive vibe on the pipe. :)
πŸ‘  ,
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@cardboard · 
> SMT's and communities are not a priority right now and haven't got any sort of timeline.

http://www.reactiongifs.com/r/lnwh.gif
πŸ‘  ,
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@demotruk · 
SMT's especially have always been a distraction from our core competencies.
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@jongolson ·
$0.27
all the problems and drama can be handled when you have great communication. 

it was good to see steemit inc show up and communicate with this community.

that’s the only thing i pray we see much more of going forward. everything else can be dealt with and developed. the communication with the community is so important. it was good to see. 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@stackin · 
Is there a recording anywhere? Thanks boss! πŸ˜€

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
πŸ‘  
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@gadrian · 
Keep an eye on @pennsif account. He will put the recording up, maybe today? I'm waiting for it too.

<sub>Posted using [Steeve](https://www.steeve.app/@steeveapp), an AI-powered Steem interface</sub>
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@flipstar · (edited)
wait...what is with SMTs light?

but i feel much better with more communication and I hope this will stay this way
πŸ‘  ,
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@farizal · 
Should ask @ned: when Steemit not Beta anymore?

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@marki99 · 
Thanks @exyle for this post, I missed the forum yesterday and was very angry. The video on Dtube doesn't seem to load.
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@johnhtims · 
The dtube video crashed on me too.  I loaded it again and it played fine on the second try.
πŸ‘  
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vote details (1)
@steem-plus ·
SteemPlus upvote
Hi, @exyle!

You just got a **19.51%** upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in [here](https://steemit.com/@steem-plus) to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
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@newageinv · 
If funding is an issue with SMT and there is the demand, why not due an ICO for development funding?  I am sure that the demand for the special token would be good although I wouldn’t be sure how they integrate it into the current dual currency structure.  Maybe it could ultimately become the token to fuel the decentralized exchange in the future.

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@bozz · 
Those are some interesting and lofty goals.  I think they should all definitely be attainable though.  It is nice to finally hear what their plans are and to get some verification on their commitment to the platform.
πŸ‘  ,
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@stokjockey · 
Thank You Mark @exyle I will listen to it. We will be doing just fine this Year no matter what Steemit Inc. does...........
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@blazing · 
they have done a lot from the worse time they have faced good things coming in for sure
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@pouchon · 
Let’s hope the developers bring something like SMT-like to push the value upward. 
Keep on postin 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@johnhtims · 
I know that some people don't like that they are mainly focusing on cost reduction but I think that's the wisest choice right now.
πŸ‘  
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@brianphobos · (edited)
$0.14
The writing is on the wall.  SMT's were likely a mental masturbation session for most people.  They don't exist and everyone trying to build something with the anticipation of SMT's should likely utilize EOS or Telos for what they were trying to do. Sometimes the truth hurts
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@hans001 ·
$0.26
Yeah @exyle sorry that I wasn't there yesterday.  The work is taking it's toll with much pain and tired as....  but I keep on working. I will invest in steem and I will install a full node when I have a year of costs on the account of the provider. The splitting of that server took my worries away 'if steemit grows as large as face book then you don't have enough ram' now you just plugin an extra hard drive. That is great but you still need 3 servers I heared 2x61Gb and 1x 32Gb I will reach out tomorrow to the steem node specialists how I can add value to the stability of the steemit network. I'm more a windows then a Linux nerd but everything with a guide is doable. Today I rest and drink beer.  Oh and I will also get a anonymous invest account no-one shall now that it is from me it will be my pension yes you heared it right... I think steem is Microsoft in the beginning. Now with the new scalable full node.  It's great.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@sharpshot · 
I don't know if we're through the worst part of the bear market for Steem but it feels good to of kept faith through the bad times.  I do like that most people seem unaware of the potential here.  Seeing how fast Steem has gone up to No. 40 on Coin market cap, I still think there's lots of coins above it that don't have as much going for them.
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@pennsif · 
This post has been included in the latest edition of  [**SOS Daily News**](https://steemit.com/steem/@pennsif/sosdailynewsnewsaboutthestateofsteem18january2019-028867ag4d) - a digest of all you need to know about the State of Steem.

***

* *Editor of the [**The State of Steem SoS Daily News**](https://steemit.com/steem/@pennsif/sosdailynewsnewsaboutthestateofsteem18january2019-028867ag4d).*

* *Promoter of [**The State of Steem SoS Weekly Forums**](https://steemit.com/dtube/@pennsif/o36a6ivn).*

* *Editor of the [**weekly listing of steem radio shows, podcasts & social broadcasts**](https://steemit.com/mspwaves/@pennsif/schedule-of-radio-shows-podcasts-and-social-broadcasts-week-beginning-14-january-2019).*

* *Founder of the [**A Dollar A Day**](https://steemit.com/adollaraday/@adollaraday/a-dollar-a-day-charitable-giving-project-ususd-5000-donated-in-8-months-we-made-it) charitable giving project.*

***
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@kaerpediem · 
It is looking good
Glad he came and talked it out
Amd you did wrap it up nicely 😊
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