create account

Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure? by riseofth

View this thread on steemit.com
· @riseofth · (edited)
$12.25
Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?
When EOS followers or Steemit whiners think that @dan is God of Blockchain and his son EOS is messiah of cryptocurrency, also MEOS (Bible) will save all the STEEMians from their sins of joining STEEM, the fallen angel, they are simply delusional.

Large codebase of any blockchain is a group work where somebody implements some portion of the overall system. A single developer may be a proficient coder for that part of the project not the whole system.

There is no Single God for blockchain but numerous gods and demigods type coders who reside all over the world due to open source nature of the project.

Projects such as blockchains need dozens, in some cases, hundreds of developers. Some of these devs can work anonymously from anywhere in the world and still can contribute in big way. A visionary leader such as Satoshi Nakamoto or Vitalik Buterin is just an ambassador for the group of developers. In some cases, they are worse coders than other developers in the group. Consider, Steve Jobs's role versus Steve Wozniak's in the early stage of Apple.

Therefore, both @dan and Vitalik cannot make a great blockchain without a group of great developers.

Moreover, People forgot that maladies such as whales circle-jerk, spamming, voting abuse existed when @dan was CTO of STINC. He did not have any magic wand to solve burgeoning maladies on Steemit or any future social media Dapp such as rumored MEOS on EOS.

@dan's proposed one vote per account in MEOS rather than stake based voting have some advantages and disadvantages. However, it will not remove all the maladies of social media but can bring in new evils.

Some problems may have algorithmic solutions (e.g. how reward pool is distributed, flagging etc.), some maladies will be handled by good whales created by bad whales. The needs of a blockchain based social media is to try repaid trials and errors on what works and what does not.

**One of the solutions (which may be implemented in future) to improve Steem's price is to restrict Steem's inflation for worker proposals, witnesses (50-100 instead of 20), and PoS stake. Rewarding contents should be done with SMTs. STINC or @busy, @steempeak can launch their own token.**

People are frustrated on the slow progress of STINC. Their Steemit DApp is still beta after two years. People are frustrated with UIs, trending posts, voting usages, low rewards on hard-worked contents etc.

What STINC got it wrong is that they are ignoring Steemit and focusing on STEEM's expanding features. However, since Steemit is the fore-front presentation of STEEM, all maladies and FUDs around it, is affecting STEEM (i.e. at least its price).

@dan may have better credibility of involving in once three billion dollar blockchains: BTS, STEEM and EOS. But @dan is no godfather of STEEM or BTS, but big part of it. If EOS makes a better product (MEOS) than Steemit, because he has a better team perhaps better vision. That does not make STEEM inferior to EOS if STEEM was built by a better group of developers earlier or has early mover advantages.

But, STINC and Steem community needs to realize these FUDs can be powerful enough to deter new investors to stake in STEEM and move to another project such as EOS. If potential investors think that @dan is developing next generation Social Media DApp that will be better than Steemit, why would they invest in STEEM. They will buy EOS due to marketing games played by Block.One by dashing Steemit.

STEEM blockchain is built upon STEEM's core developers and **external developers** who make DApps on it on daily basis. External developer's contributions have nothing to do with STEEM's core team. STEEM's core team have to build a blockcahin that should have easy-to-use APIs so that developers can work on it to make new and great DApps.

<center>https://ipfs.busy.org/ipfs/QmVF56rExhiN4xhzwcDWTmxDwqPaaYF8sRs63wC1o9Bj6s</center>


STEEM's success is built on the DApp developers, its large community and finally, investors. EOS or TRON is just another coin which may have some similarity still have to provide better blockcahin services so that external developers will work on and new community will be built on them. Time will tell how their finish product will perform.

However, STEEM needs to pump up its publicity though it may attract some greedy traders but it will attract new users and developers too. STEEM have already achieved the trust of million of users and thousands of developers. It has to keep their trust by providing upgrades and updates in timely and competitive manner.

Fundamentally, Steem is stronger than ever. EOS is still at hyped stage. It is priced on delivering 50X better DApp than Steem. If it can't or even deliver its price will go down against Steem. If it fails, then EOS will be doomed. That's how the smart money work.

Read for more info on MEOS: https://steemit.com/steem/@riseofth/fud-with-meos-steemit-2-0-on-eos-meos-will-be-dapp-just-like-busy-or-steempeak-again-teemit-is-not-steem


Inflation of Steem is not able to keep up with the low demand at present time. Most of the coins that kept their relative position is due to no inflation (ICOs, including EOS) and low inflation. If Steem did not had relatively high inflation for rewarding. Its position would be within 35-40.

It is a very complex dynamics.

However, there is a very good chance that there will be a super altcoin rally, in that case, Steem may rise above $1. People who can't held their patience will get a chance to get out.

Steem can only flourish if it keep getting new users on-boarded through different DApps. For that infrastructure are needed to be built. However, economics is also important.

In altcoin bear market, Steem will suffer more than others due to its high inflation. It can either flourish with continuous incoming users or investors which is unlikely in bear market. In bull market, it can rise quickly since people will find it fundamentally better than other coins.

What is working on Steem: @steemhunt, @actifit, @dlike, @dtube, @sprinterlands and many other Dapps, probably bidbots as a advertising platform.

What is not working on Steem: rewarding the right contents, however, it can be a task for a future DApp with SMT.

Now the big question, MEOS can solve that issue with one vote per account. Welcome to the reality, it can fail as other social media experiments. EOS is already priced for success of such DApps. If they perform worse than Steem DApps, EOS is doomed. EOS's success is already priced in and Steem is just undervalued. Look at the seasoned millionaire investor, @theycallmedan's videos.

Moreover, Steem is getting more decentralized and STINC's influence will be diminished due to sells of Steem from their purse. Only believers are buying Steem. It may go to 5 cents, but the believers will buy them. It is the goal of a blockchain to distribute to the masses. EOS is a centralized shit according to Vitalik. EOS's owner @block.one can be the next STINC, if they brags about their success too early. Currently, they are in hyped mode similar to Steem when it was ranked 3-4 in the CMC. 

@dan is just abusing his Steem/BTS success, when he brags about building Steemit2.0. He is a seasoned and serial killer and creator of projects. Welcome to futuristic EOS 2.0, @dan's 4th invention which will be better than EOS, Steem, BTS, or MEOS.

**Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.**


<center>![undervalued_steem.png](https://ipfs.busy.org/ipfs/QmcYbEw2fAdSZtAgts1DiTjJEkd9mU5PjBzkT95TrfLz4q)</center>


Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 37 others
properties (23)
post_id74,547,052
authorriseofth
permlinkproblem-with-knowing-the-solutions-of-social-media-how-meos-or-steemit2-0-can-be-a-failure
categorysteem
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["steem","steemit","eos","meos","busy"],"users":["dan","busy","steempeak","riseofth","steemhunt","actifit","dlike","dtube","sprinterlands","theycallmedan","block.one"],"links":["\/@dan","\/@dan","\/@dan","\/@dan","\/@busy","\/@steempeak","\/@dan","\/@dan","\/@dan","https:\/\/steemit.com\/steem\/@riseofth\/fud-with-meos-steemit-2-0-on-eos-meos-will-be-dapp-just-like-busy-or-steempeak-again-teemit-is-not-steem"],"image":["https:\/\/ipfs.busy.org\/ipfs\/QmVF56rExhiN4xhzwcDWTmxDwqPaaYF8sRs63wC1o9Bj6s","https:\/\/ipfs.busy.org\/ipfs\/QmcYbEw2fAdSZtAgts1DiTjJEkd9mU5PjBzkT95TrfLz4q"]}
created2019-05-11 04:42:27
last_update2019-05-13 22:27:12
depth0
children5
net_rshares23,603,383,378,102
last_payout2019-05-18 04:42:27
cashout_time1969-12-31 23:59:59
total_payout_value9.376 SBD
curator_payout_value2.875 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length7,892
author_reputation13,733,390,773,994
root_title"Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (101)
@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/riseofth__problem-with-knowing-the-solutions-of-social-media-how-meos-or-steemit2-0-can-be-a-failure.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
properties (22)
post_id74,547,836
authortts
permlinkre-problem-with-knowing-the-solutions-of-social-media-how-meos-or-steemit2-0-can-be-a-failure-20190511t050248
categorysteem
json_metadata{}
created2019-05-11 05:02:48
last_update2019-05-11 05:02:48
depth1
children0
net_rshares0
last_payout2019-05-18 05:02:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length410
author_reputation12,589,254,117,941
root_title"Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steem-plus ·
SteemPlus upvote
Hi, @riseofth!

You just got a **0.15%** 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.
properties (22)
post_id74,556,405
authorsteem-plus
permlinkproblem-with-knowing-the-solutions-of-social-media-how-meos-or-steemit2-0-can-be-a-failure---vote-steemplus
categorysteem
json_metadata{}
created2019-05-11 09:07:00
last_update2019-05-11 09:07:00
depth1
children0
net_rshares0
last_payout2019-05-18 09:07:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length435
author_reputation160,119,580,804,298
root_title"Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sameernawab ·
wow tremendous post
properties (22)
post_id74,573,463
authorsameernawab
permlinkre-riseofth-problem-with-knowing-the-solutions-of-social-media-how-meos-or-steemit2-0-can-be-a-failure-20190511t170106596z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit\/0.1"}
created2019-05-11 17:01:24
last_update2019-05-11 17:01:24
depth1
children0
net_rshares0
last_payout2019-05-18 17:01:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length19
author_reputation28,914,195,365,796
root_title"Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@newageinv ·
What is interesting is to see how polarizing the discussion can be between similar project when with only billions of market capitalization, there is potential for so much more value which can provide fo nmore than a handful of projects competing with each other.

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
properties (22)
post_id74,641,303
authornewageinv
permlinknewageinv-re-riseofth-problem-with-knowing-the-solutions-of-social-media-how-meos-or-steemit2-0-can-be-a-failure-20190513t002217678z
categorysteem
json_metadata{"app":"partiko","client":"ios"}
created2019-05-13 00:22:18
last_update2019-05-13 00:22:18
depth1
children0
net_rshares0
last_payout2019-05-20 00:22:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length331
author_reputation43,875,514,502,608
root_title"Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard ·
Congratulations @riseofth! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://steemitimages.com/60x70/http://steemitboard.com/@riseofth/payout.png?201905170422"></td><td>You received more than 1000 as payout for your posts. Your next target is to reach a total payout of 2000</td></tr>
</table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@riseofth) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=riseofth)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRWbAjbeETEaqSPLcpwYX1JN5pZhdPffv4q6DaBs6xvZm/image.png"></a></td><td><a href="https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge">New  japanese speaking community Steem Meetup badge</a></td></tr></table>

###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
properties (22)
post_id74,883,274
authorsteemitboard
permlinksteemitboard-notify-riseofth-20190517t052347000z
categorysteem
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2019-05-17 05:23:48
last_update2019-05-17 05:23:48
depth1
children0
net_rshares0
last_payout2019-05-24 05:23:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,364
author_reputation31,622,776,601,683
root_title"Problem with knowing the solutions of Social Media: HOW MEOS or Steemit2.0 can be a failure?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000