On The Verge Of A Blockchain Revolution? by brianphobos

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steem · @brianphobos · Nov 8 '17

$9.84

On The Verge Of A Blockchain Revolution?

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<center>
<p><img src="https://steemitimages.com/DQmRR3ef1j3zS9VxsNepNYP7meaE2exsLodKwA5BbAAYZps/revolutionary-war-pictures-steem.png" width="400" height="235"/></p>
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<p>Today was another example of me spending too much time on the STEEM blockchain. &nbsp;&nbsp;This has happened to me many many times. &nbsp;&nbsp;This post is different than most everything else I have posted. &nbsp;&nbsp;Some people say that this type of stuff is negative or counter productive but it was something that has came up lately in several other people's posts. &nbsp;&nbsp;I have thought of this scenario several times and for every individual on this platform or any other platform you have to ask yourself if it is a good utilization of your time to be on there or to invest monetarily into it. &nbsp;&nbsp;I was responding to one of @rulesforrebels posts and ended up brain storming a bunch of stuff and typed so much it was seriously its own post. &nbsp;</p>
<p>Now this isn't meant to be taken negatively and there are so many positives about the STEEM ecosystem right now. &nbsp;Today I just found out about <a href="https://dMania.lol">dMania.lol </a>which is another way to connect to the STEEM blockchain for posting memes. I thought that was super cool and entered their contest and spent quite a bit of time making the meme and doing everything. &nbsp;I got my typical $2 worth of auto votes and I decided to try to pump the post up a little more with some of the vote purchasing. &nbsp;It was basically worthless to say the least. &nbsp;&nbsp;I had posted a couple other posts as well and lots of comments. &nbsp;&nbsp;I probably profited less than $10 today on here. &nbsp;&nbsp;</p>
<h3>This post isn't necessarily about low payouts or frustration it is questioning if any of us should have spent this much time on this platform. &nbsp;&nbsp;I mean all of us who started last summer knew the distribution of STEEM was completely screwed up from the beginning. &nbsp;Would I have been better off just focusing on building a separate YouTube channel for Crypto stuff instead of producing so much specific content for STEEMIT? &nbsp;&nbsp;Steemit has a quicker payout which is cool but in the grand scheme of things so far I would have been far better off focusing on YouTube. &nbsp;&nbsp;</h3>
<h3><strong>Well we saw amazing potential in this system. &nbsp;&nbsp;That is why we have stayed and fought for it and keep hoping. &nbsp;&nbsp;And man it is soooooooo close but when I get on YouTube and see all the hate that is raining down on @jerrybanfield 's videos about STEEM and see other negativity about the system being unfair and screwed up it leaves me wondering if the reputation that started off on a bad foot can be repaired. &nbsp;&nbsp;</strong></h3>
<p>I have loved seeing the posts from STEEM Fest and wish I would have been able to go! &nbsp;&nbsp;Looked amazing once again but wanting to go has a lot to do with the people who were there. &nbsp;Like obviously I would like to hang out with everyone since we have seen so much of each others lives and experiences on here. &nbsp;</p>
<p>But that doesn't really solve the issue of whether myself or others should invest so much of our energy in this system. &nbsp;&nbsp;I don't even know the answer but every time I do the calculation on how much STEEM Power one would have to buy to have enough influence compared to the whales to make their investment back in a reasonable amount of time the numbers never look great to me. &nbsp;I really feel that part of this reason is because the whales on here are so far out ahead from the get go that catching them is infeasible. &nbsp;</p>
<h2>I was an issue from day one and even after HF19 it is still an issue. &nbsp;Crypto currencies need a wide distribution to succeed. &nbsp;&nbsp;I fear that this one will never have enough distribution within this system to thrive. &nbsp;It will survive but we all want it to thrive. &nbsp;</h2>
<h2>"Well Brian...... you just need more STEEM Power and should have never powered down ." &nbsp;Even if I would have never cashed out anything and never powered down I would have about 10,000 SP. &nbsp;&nbsp;I have made 6844 "posts". &nbsp;&nbsp;That is 0.68 STEEM / post and at current rates that would be worth about $0.61 / post. &nbsp;&nbsp;</h2>
<h2>Ask yourself if you would write a post this long if you knew your work was averaging out to $0.61 / post. &nbsp;&nbsp;</h2>
<h2>"Well Brian..........you should have scooped up a bunch of STEEM when it was $0.07." &nbsp;Well Steemit Inc wasn't communicating and the entire thing seriously looked like a money grab at that point. Most of us were disillusioned by it. &nbsp;&nbsp;</h2>
<p>If STEEM Prices jumped to $5 tomorrow it would be a party and we would forget about the frustrations or the hard math to swallow for a minute. &nbsp;&nbsp;</p>
<p>Regardless here is the long comment I made a little bit ago. &nbsp;&nbsp;</p>
<p>=========================================</p>
<p>It is a really tough thing like you said across all social media platforms. &nbsp;&nbsp;On this one in particular the reputation score has to do with the amount of upvotes and earnings and such so if a person has been in this community for a longer time engaging day in and day out then there is a good chance they could have stronger interactions with others. &nbsp;&nbsp;Also the X factor on this platform is that a person can bring money in and power it up and as soon as someone has more power then they become more "popular" &nbsp;both by being able to give their own post more visibility and also by other wanting to "suck up" &nbsp;for lack of a better term. &nbsp;&nbsp;</p>
<p>I know that for the ones that have been around since the beginning we all sort of feel like we went through "war" together or something. &nbsp;&nbsp;Because it got extremely bad on here to where it seemed like 50 % of the posts were about all the problems with the platform and @ned and @dan powering down and a bunch of other stuff. &nbsp;&nbsp;It was all legit concerns but it was like everyone who was still here was fighting for the platform and super frustrated but we all wanted to see it survive but feared the worst. &nbsp;&nbsp;</p>
<p>I feel like on YouTube the best equation to someone who has built a large following in a relatively short time by pumping money back in constantly would be Tai Lopez. &nbsp;&nbsp;His ads are constantly running all the time and you almost can't escape him. &nbsp;&nbsp;</p>
<p>Same thing with some of the bloggers on here. &nbsp;&nbsp;They have so much power on here that they can put up just about any blog post and they will be trending just from their own upvote and then naturally they are going to get the bot trails following them and upvoting because the curation rewards will be good on those post automatically. &nbsp;&nbsp;So it becomes a self fulfilling prophecy just like someone who buys tons of ads on Facebook and YouTube will probably convert a percentage of those to followers and will there for have more views on their videos. &nbsp;&nbsp;</p>
<h2>Solutions</h2>
<p>1) So working within this system there are a few things we could do to make our time worth more here. &nbsp;&nbsp;Connect more with powerful people, become part of some of the 3rd party projects on here, &nbsp;come up with other ways to make money on here besides just posting (renting power, doing other work for other Steemians....etc) &nbsp;</p>
<p>2) Get a crew together. &nbsp;Form a new company. &nbsp;Originate a new version of this same type of blockchain. (The code is open source) &nbsp;&nbsp;</p>
<p>The #1 issue from day 1 on this platform was that the distribution was messed up. &nbsp;&nbsp;&nbsp;It created a situation where it is questionable if it ever makes business sense for us to power up a ton of outside money to get enough influence to mean anything on this platform. &nbsp;&nbsp;</p>
<p>Hard Fork 19 went a long way in making the voting power make a lot more sense. &nbsp;&nbsp;But by the time that happened we already still had God Kings swimming around here and we may always remain the peasants. &nbsp;&nbsp;</p>
<p>The only way around it would be to power up like $50,000 worth if the price got down to $0.50 and then when / if it goes to $2 or $3 it would really pay off. &nbsp;&nbsp;</p>
<p>If we originated our own chain and everyone for instance with a reputation over 35 on here got an equal share on the new platform and we also granted top youtubers, instagram people, twitch people, Twitter People....etc an equal share reserved for them....etc. &nbsp;&nbsp;Then the system could start off better potentially. &nbsp;&nbsp;</p>
<p>The issue with Golos was when they did the distribution for that they made it based on how much power you had on Steemit so if you were a God King already on here you became a God King there as well. &nbsp;&nbsp;</p>
<p>A general thing that people were saying about Steemit from day 1 was that it was just a <strong>"whale hangout"</strong> &nbsp;which that was sort of true because of the distribution being messed up. &nbsp;&nbsp;</p>
<h2>Conclusion</h2>
<p>Being part of someone else's system will always be less profitable than controlling the system. &nbsp;&nbsp;Do you want to power up a ton of money to gain influence, keep posting for $0.25, quit Steemit, &nbsp;or explore breaking away and having a hand in your own system? &nbsp;&nbsp;</p>
<p>It is a big risk but it would be a big move that could make more sense then spending all our time in someone else's system fighting for small amounts of nourishment. LOL</p>
<h2>Initial Thoughts On How To Execute</h2>
<p>1) I don't like ICOs and the potential ramifications from the SEC so I would think it would make more sense for there to be about a 6 month mining window that would be fairly announced and would use Equihash. &nbsp;It could be set that 10% or so of the coins mined would go to the company for development of the website...bounties...etc. &nbsp;&nbsp;Then a certain percentage would be for the equal distribution of coins to current Steemit Users and other social media influencers ...etc. &nbsp;At various points there could be air drops of coins to users with high engagement and high reputation to inject equity back into the community. &nbsp;&nbsp;</p>
<p>Once the POW phase is over and the site is launched it will all be Delegated Proof of Stake like STEEM&nbsp;</p>
<p>A couple other options would be to launch the site on top of EOS when it comes out but that would take a lot more coding. &nbsp;&nbsp;</p>
<p>All this is just brain storming when I should be asleep and is easier said than done but is possible with the right team. &nbsp;</p>
<p>So yeah there it is. &nbsp;The STEEM ecosystem is getting better but it is going to be hard to overcome its reputation of unfair distribution from the beginning. &nbsp;I think in every investors mind on here there are pros and cons and it is always hard to know if it will ultimately make sense to power up large amounts of outside money even if you are posting everyday and can try to pay yourself back. It still has to maintain around the same price level or increase in value overtime. &nbsp;</p>
<p>So what do you say? &nbsp;&nbsp;Are you in? &nbsp;&nbsp;LOL</p>
<p>============================================</p>
<h1>Has anyone else thought it might be better to be in a similar system with a more fairly allocated distribution? &nbsp;&nbsp;What would you do differently? &nbsp;&nbsp;</h1>
<center><h1><a href="https://www.coinbase.com/join/529e26dcd2421b03c4000252">Earn $10 Of Free Bitcoin From Brian Phobos! &nbsp;</a></h1>
<p><img src="https://steemitimages.com/DQmQjW6FYntS7KgoB2bXTAgBaL3b483vzCHgqRaDENRW8S7/steemit-footer-2017.png" width="797" height="331"/></p>
</center>
<p>Thank you for reading my post and please consider following me <a href="https://steemit.com/@brianphobos">@brianphobos</a></p>
</html>

👍 teamsteem, randowhale, darthnava, ace108, thecryptofiend, allasyummyfood, getonthetrain, gringalicious, mcsvi, jasonstaggers, ogochukwu, happymoneyman, livingfree, mattclarke, sandstorm, stackin, cryptofunk, pnc, steemvoter, brianphobos, logic, boombastic, mrs.agsexplorer, berkah, bitcoiner, macchiata, claudia, mrwalt, middle-theory, socialspace, sulev, smailer, crypticus, zaebars, siavach, greenstar, gomeravibz, rulesforrebels, xanoxt, blockchained, sv67216721, uuuhha, on0tole, rusteemitblog, marinabogumil, lamech-m, natra, vl248, raymondspeaks, cyrptoreports, ekaterinka, nadin3, anton333, konti, sveokla, burnin, hyiparena, elena-singer, hitmeasap, lauralemons, borishaifa, max-max, steemlift, fbechstein, and 30 others

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properties (23)vote details (94)

voter	rshares	pct
berkah	17,091,333,325	10%
boombastic	19,431,946,387	0.8%
mrs.agsexplorer	17,176,963,412	4%
pnc	31,204,131,965	10%
teamsteem	1,427,399,227,492	10%
cryptofunk	32,359,407,888	100%
thecryptofiend	256,371,298,922	25%
samether	109,152,045	1.4%
ratel	254,447,575	2%
lauralemons	580,109,501	5%
hitmeasap	622,026,486	5%
on0tole	1,879,047,005	2%
anasya	127,298,045	2%
vl248	1,238,201,186	2%
livingfree	62,211,961,610	2%
sveokla	810,011,063	2%
marinabogumil	1,428,496,100	2%
raymondspeaks	1,180,023,088	2%
hyiparena	735,907,063	2%
konti	829,147,350	2%
bitcoiner	16,691,739,240	10%
zaebars	7,316,785,418	2%
ace108	274,911,592,158	20%
brianphobos	20,281,581,640	100%
logic	19,950,188,662	100%
smailer	8,888,917,176	2%
sulev	9,001,624,678	5%
dmilash	288,076,899	2%
jasonstaggers	143,904,688,553	50%
gomeravibz	3,936,937,181	2%
allasyummyfood	220,576,411,464	31%
cryptoninja	424,195,030	5%
mama-steem	251,632,901	2%
uuuhha	2,118,216,640	2%
romancs	109,684,042	2%
darthnava	468,360,118,025	40%
crypticus	7,396,560,415	50%
lamech-m	1,424,072,182	10%
claudia	15,563,984,277	100%
mattclarke	36,662,872,088	19%
nadin3	996,032,446	2%
xanoxt	3,008,826,785	2%
victoriart	173,555,956	2%
getonthetrain	219,760,118,796	50%
tatianka	351,576,025	2%
elena-singer	635,664,060	2%
mcsvi	204,822,338,396	100%
burnin	785,517,690	2%
anton333	945,576,741	2%
gringalicious	210,620,543,474	8%
siavach	6,278,815,225	10%
ekaterinka	1,034,299,048	2%
borishaifa	574,714,340	2%
htyfn	242,171,713	2%
rusteemitblog	1,827,927,367	2%
therajmahal	275,389,631	2%
marel	218,897,967	2%
steemlift	469,075,618	2%
max-max	512,802,342	2%
steemvoter	30,452,617,663	25%
khalilalfamahera	140,315,452	2%
kostaslou	104,475,399	2%
fbechstein	462,009,716	2%
blockchained	2,859,805,075	2%
ogochukwu	106,562,472,264	100%
middle-theory	13,607,566,853	25%
sandstorm	34,127,103,516	35%
ilvacca	105,177,282	1%
greenstar	4,927,514,401	10%
mrwalt	14,881,052,896	5%
sv67216721	2,840,661,861	5%
stackin	33,776,556,256	2%
natra	1,383,825,216	5%
randowhale	526,206,791,380	4.66%
rulesforrebels	3,920,125,056	10%
happymoneyman	83,945,981,004	20%
hotties	232,033,485	100%
amc	232,033,316	100%
javelin	232,032,938	100%
mach	232,032,825	100%
hog	232,032,617	100%
zelus	232,032,473	100%
hypnos	232,032,197	100%
pontus	232,032,072	100%
apophis	235,754,423	100%
racecar	232,031,910	100%
macchiata	15,635,250,902	50%
hogzilla	232,031,809	100%
skunkape	232,031,737	100%
pools	232,031,649	100%
dodgeball	233,272,399	100%
socialspace	11,417,189,825	10%
worldmeetsgirl	264,580,420	100%
cyrptoreports	1,162,046,969	100%

@mattclarke · Nov 8 '17

Steem isn't the asset here; followers are the asset. 
Hoard them, guard them, caress and cherish and celebrate each new one. 
They're the people who are going to put your posts on the trending page when steemit is adding a million new users a day.

properties (22)

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@brianphobos · Nov 8 '17

Well there was a time when I would have agreed with you but in a lot of ways the correlation with the followers hasn't really improved the earnings for me.   It really came down to a few people with decent power but at these price levels my auto votes only get me to $2 even with 2298 followers.   It seems to be more about catching someone's eye with some power and if you are lucky enough to get resteemed by someone with some influence and potentially hit the hot or trending page it can build up.   Otherwise a post can go dead real quick.   

This one is controversial in a way so a lot of people won't want to associate with something others could consider "negative" to the platform.

properties (22)

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@mattclarke · Nov 8 '17 (edited)

Beta: = Give us feedback. 
You're not whinging, it's constructive criticism. 
I just know that when we hit the juicy bit of that 'S' curve, a whole lot of people who've been phoning it in, waiting for a big price jump, are going to wish they'd done more to establish themselves while the competition for eyeballs was still minimal.
I actually [wrote about this](https://steemit.com/steemit/@mattclarke/the-trick-is-to-start-paddling-before-the-wave-gets-to-you) a year ago.

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`root_title`	"On The Verge Of A Blockchain Revolution?"
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`net_rshares`	0

1 reply

@ned · Nov 8 '17

SMTs will be the most effective way for you to break away and start your own

properties (22)

`author`	ned
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`category`	steem
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`depth`	1
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`last_payout`	2017-11-15 10:32:24
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`promoted`	0.000 HBD
`body_length`	76
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`root_title`	"On The Verge Of A Blockchain Revolution?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	19,770,157
`net_rshares`	0

@brianphobos · Nov 8 '17

$0.40

LOL,   Thanks @ned.  Hahhahha,   

I would still be worried about the ICO nature of doing the SMT.   I do find it to be an interesting concept but it would seem that the SMT would be a better system for an existing community like Minds.com or a subreddit instead of something trying to launch.   

But with the right marketing I could see investors being interested in a new platform and with the SMT the proven backbone would already be in place.   

The struggle is real though for a lot of us.   We aren't just complainers.   We have really worked hard for this platform and just want to see it succeed.   We are only frustrated at certain points because we know it has unbelievable potential.

👍 teamsteem, bitcoiner, pnc, mrs.agsexplorer, socialspace, siavach, greenstar, natra, lamech-m, hitmeasap, lauralemons

`author`	brianphobos
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`category`	steem
`json_metadata`	{"tags":["steem"],"users":["ned"],"app":"steemit/0.1"}
`created`	2017-11-08 10:50:39
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properties (23)vote details (11)

voter	rshares	pct
mrs.agsexplorer	2,862,827,235	0.4%
pnc	3,671,074,348	1%
teamsteem	178,424,903,436	1%
lauralemons	58,010,950	0.5%
hitmeasap	124,405,297	0.5%
bitcoiner	4,172,934,810	1%
lamech-m	158,230,242	1%
siavach	896,973,603	1%
greenstar	492,751,440	1%
natra	197,689,316	0.5%
socialspace	1,902,864,970	1%

@ned · Nov 8 '17

SMTs can also be brought into existence just through voting (Proof of Brain) no ICO needed!

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6 replies

@ogochukwu · Nov 8 '17

$0.05

Hello @brianphobos

You are very right about the distribution issues but it is already too late to do anything about that.

There are two ways to treat Steemit, you can either treat Steemit as a Blogging Platform or a Social Media Platofrm.

If treat Steemit as a Social Media Platform, then you greatest goal is to just make friends and connect with people around the world, you will not be really saddened by your low payouts.

If you choose to treat Steemit as a Blogging Platform then thats where the real work is, you will have to observe all the principles of Blogging.

In the real word, Bloggers put tons of work to get visiblity for their site, they engage with top bloggers in their Niche and build relationships with them which can be leveraged for more Views down the Line.

The major source of revenue in the outside blogging World is through ads or selling e-books or Courses, both sources of revenue are attained through providing quality and useful Information that attracts readers.

Blogging on Steemit is easier in comparism, the Influencers are easily reachable here with the use of tags and another issue is that most people fail to educate themselves on the proper way to brand themselves online.

They resort to spamming and vote begging, services like Minnow Booster that are good for Minnows to a certain extent are still abused.

If I was a Minnow starting out and wanted to use Minnow Booster, I will write quality and useful posts that will attract followers.

The purpose of Minnow Booster and other Voting bots in my opinion is to gain visibilty for my work rather than a source of Income.

I have high hopes for SMT's though as I believe it will solve the present issues we are facing to an extent.

@ogochukwu

#blockchain-blogger

👍 brianphobos, skunkape, apophis, dodgeball, javelin, mach, hog, zelus, hypnos, pontus, racecar, hogzilla, pools, hotties, amc

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@brianphobos · Nov 8 '17

@ogochukwa  Thank you for your reply.   There certainly are a lot of use cases for a Steemit blog.  To extend a persons brand to another community and I feel there are several good use cases for it for sure.   

I guess I have seen the power of YouTube first hand and have a couple successful YouTube channels in niche categories and felt that being an early adopter of this platform could bring substantial income and exposure.   Certain issues with the platform have caused it to not grab hold like we have all hoped.  

Time will tell if we can overcome this with SMT's or other improvements.   

Great stuff....I'm following you now!

properties (22)