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There is going to be a survival of the fittest Dapps on the Steem blockchain soon. by exyle

View this thread on: hive.blogpeakd.comecency.com
· @exyle · (edited)
$35.25
There is going to be a survival of the fittest Dapps on the Steem blockchain soon.
![IMG_1737.jpg](https://cdn.steemitimages.com/DQmZXHJptuPxd6TsgqLXVurssANuUfWPjbo2MjqzaGURhor/IMG_1737.jpg)

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One of the biggest topics of this Steemfest is sustainable business models for Dapps.

The Dapps that solve this the first will benefit the most.

What has become clear is that relying on a delegation from Steem inc or big stake holders is not the way to grow a long term business.

The moment this delegation is taken away the business will end when the earned funds (self votes or beneficiary rewards) run out.

As backup for this 'problem' another revenue stream needs to be found for all Dapps that rely on delegation.

That's why I am so impressed with Steem Monsters because they are showing a way to generate revenue on the blockchain without delegation by selling cards and taking a small cut from the market place.

But there is more. They can now use the earned Steem(power) to reward their users and incentives them to create content about Steem Monsters for upvotes.

They are growing a community from scratch. It's very impressive. Even if you don't like the game this should impress anyone. *(I am not counting a Steem Monsters fest out in the future).*

But this night in the Uber on the way home I got a cool thought. It's very simple.

Even though Steempower delegation is not the way for a long term business model it is the perfect way to incubate projects without risk. (you can always take it back).

A delegation for let's say a year can go a long way to get the project started and functioning. 

To receive this delegation a project can produce a business plan with a revenue model and present it to investors (SP holders).

Now, when these projects are up and running after a year 2 things can happen.

1. They have found a second revenue stream and can stand on their own feet. (awesome!)
2. They have a working project with future potential/business plan but need more funding and they can launch a SMT ICO to attract more investors. (We have a lot of these projects already right now!)

And if not successful after a year the delegation can be pulled and the project will most likely fail.

I think there is going to be a survival of the fittest dapps on the blockchain soon.

The ones that can grow a community and find a successful revenue model will succeed.

It's very exciting and interesting and I can't wait what the future has in store.

I want to talk about it more in a vlog tomorrow if I can finally find some time.

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------

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vote details (325)
@blazing ·
This is going to get interesting the dapps will get even better and the steem blockchain would be ruling all over :)
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@bozz ·
I just recently got my account big enough that I felt comfortable delegating out some SP to various projects that I believe in.  In the future I hope to do more of this.  It would be awesome to be able to delegate SP to a dapp like musing and take advantage of some of the returns they are getting on all of the upvotes they are doing with the 1mil + SP they have delegated to them.
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@chireerocks ·
@exyle, Sounding really **Productive** and beneficial too. And in my opinion every project will not going to make it but for sure in this **Economy** they have an chance to survive in this **Economy** through **Delegations** if they have an promising road map and overall implementation plan. I am really excited to see how everything will going to open up in the future.

Wishing you an great day and stay blessed. πŸ™‚
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@diogosantos ·
Steempower delegation *"is the perfect way to incubate projects without risk. (you can always take it back)."*

I think this is the main advantage of those projects being developed on the STEEM blockchain, because not everybody feels comfortable to invest their money in projects that donΒ΄t have any credentials and/or experience. (let's be honest, although we have some interesting ideas, we donΒ΄t have all stars teams creating projects here)

By delegating SP, everybody can invest safely and based on the amount of research you put into that project you will find out whatΒ΄s the best amount to delegate and make you so profit on the long run.
πŸ‘  
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vote details (1)
@edb ·
Delegated Steem Power for a year is exactly what I hope to receive for my news project @newforyou. I think we haven't even scratched the surface of the possibilities offered by investing while keeping your money. 

What if venture capital investors used delegation or automatic voting to invest in offline projects? For example upvoting an automatic activity report from a store every day. Maybe a separate blockchain would be needed, so that business communication doesn't compete with content for rewards.
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@greendeliverence ·
I was following if on the live stream but I had feeling like what is happening here with day 2 day 1 went better. I saw also more presentations in my life and I couldn't hear everything also. They were talking too fast, stream 2 had a shortage a constant buzz. But I was there that is what counted 😁😊

Next time i want in also but no flying for me so I hope it is in Germany or France I can go by train. 

Also steemfest should stay steemfest but then bigger with the professional businesmodels you talked about and a fest it's a fest so steemmonsters should just make a part of it that is just more fun. 😁 small parts make everything just experience more and the speeches of all the company's should be a small part of it but part of it and professional. Also different I worked at a software develop company and they sold software but had also investors. It's the same thing with delegations only the investors lose their investment when the company goes bankrupt that isn't the case with delegation. If one company isn't doing it's job you could say ok I'm pulling it out after a year right?
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@grintsch ·
$0.05
It's great that more and more people are starting to think about sustainable business models. The SP delegation thing is actually kinda similar to ICOs (just smaller in size and impact):
You get initial funding but have to find a way to *sustainably* run the project in the long run. Hardly anybody in the entire blockchain space has solved this, yet.

I would very much welcome such a contest. You could even enhance it by paying back a little bit once the project got profitable by delegating back, to another startup project or by setting beneficiaries.

Thanks for bringing this up, enjoy the rest of Steemfest!

Posted using [Partiko Android](https://steemit.com/@partiko-android)
πŸ‘  
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vote details (1)
@gvand ·
This can be one of the biggest changes at a positive or negative level in the community! Only the fittest as you mentioned will be those who take advantage of this is expected to see how it turns out:)
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@hlezama ·
All this sounds very promissing. Although the surviving of the fittest conceptmay be discouraging for most minnows
πŸ‘  
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vote details (1)
@preparedwombat ·
Minnows may feel small now, but in a few years 500 Steem Power may  be thought of as a large stake.
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@hlezama ·
:) I hope so. I just quit my job, so I need that to happen
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@newageinv ·
$0.05
I think this should bring up the importance of something that many have notnpaid attention to in that investors are also needed here.  Many investors that were attracted here have been attacked in the past given that they trended towards vote selling and bots for passive income. This could help and fill in the gap as SMT come closer.  However, we need to make sure that they have a place within the community as well.
πŸ‘  
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vote details (1)
@offgridlife ·
Oh no...I am not very fit. I am doomed 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@pouchon ·
I know you have great ideas and this event is making it more relevant. 
You are at a stage where projects will come your way. 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@robertandrew ·
$0.12
Good stuff, Mark. I have  yet to commit to learning about Steem Monsters but maybe I should do so now. At least familairize myself a little bit with the game as it will be adopted by new users who come aboard down the road.

So it would only benefit me to know something about it
πŸ‘  ,
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vote details (2)
@stokjockey ·
Mark @exyle I really like your Thinking Here and Agree. I think a Future SteemMonsters Fest would be a Wonderful Thing if it Occurs................
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@teamhumble ·
$0.07
i absolutely, totally agree with you.  i think steemhunt getting listed on an exchange in early 2019 is gonna be huge.
πŸ‘  ,
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vote details (2)
@preparedwombat ·
I’m amazed at how many people failed to take advantage of their airdrop. And they’re *still* handing out tokens and many here aren’t bothering to accumulate them.
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@conradt ·
How do i get some of these free tokens?
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@teamhumble ·
it's kinda nuts. but hey, more for the rest of us i guess.
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@thraellock ·
Great article @exyle. Lots of info and gives some ideas to mull over. I for one love Steem Monsters and been having a good time with it so far. Different and more Dapps will be a good idea and introducing ways of incorporating steem into them can only benefit the platform and blockchain. In my opinion anyways.
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@tudors ·
$0.07
I'm speaking with a lot of people, almost everyone agrees that Steem is a great tool but majority thinks it cannot compete favourably with other coins especially in terms of value. 
What's your thought?
πŸ‘  , , ,
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vote details (4)
@greendeliverence ·
Can you explain further? Why couldn't they compete? They have the fastest chain right? Look how eth went with that bird exchange game. Steem blockchain holds good with steemmonsters right? So why couldn't they compete. What is the downside on steem.
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@xrplover ·
$0.04
Crypto is survival of the fittest!
πŸ‘  
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vote details (1)