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Is Steem The Underrated Underdog? Trying To Find Some Answers by surfermarly

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· @surfermarly · (edited)
$16.45
Is Steem The Underrated Underdog? Trying To Find Some Answers
<center><a href='https://d.tube/#!/v/surfermarly/gcml5alb'><img src='https://ipfs.io/ipfs/Qmbq2SitzAugBPwZiRvipt1e93oheapZ6fZ8GLDqNxnPnu'></a></center><hr>

Recent conversations with people on and off the Steem blockchain made me want to produce this vlog and ask you one of the most interesting questions of all:

>## Is STEEM as a cryptocurrency underrated? Is Steem as a blockchain project undervalued?

**And if it's the case, what's exactly impeding the success?**

I have an idea why we're still struggling a bit. Watch my today's vlog in order to learn what my guess is, only by clicking on the picture above or checking my account on DTube.

Now I'm very curious to read your thoughts. This is a loaded topic, and I'm pretty sure everybody has their own way of looking at it.

**The comment section is yours!**

Much love,
Marley - 

**If you want to share the video with your Youtube friends, then this is the link:**
<iframe width="560" height="315" src="https://www.youtube.com/embed/7rC40iv5TOU" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

.
.
.

*Hopefully you like the sound of the palm trees in the back. At times it's a bit loud... Maybe I should buy a mic for my GoPro to improve the audio part..*🤷

<hr><a href='https://d.tube/#!/v/surfermarly/gcml5alb'> ▶️ DTube</a><br /><a href='https://ipfs.io/ipfs/QmeJdwjwN6oVMiYVu8SRG4GN2FgWVNgGpRDbqKoJNaUgyZ'> ▶️ IPFS</a>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 224 others
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@alokkumar121 ·
btmdl85uk
Yes .. steem is undervalued and underrated. It's just three years old it has shown tremendous growth and it's community is increasing rapidly. 
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@bidesign ·
jqv3uy9qr
Better days will come for steem.
👍  ,
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@surfermarly ·
How? :-)
👍  
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@bidesign ·
Like always we do. Steeming and more steeming 😊😅. May be pray some for whole cryptomarket🙏🤞😊😅

Posted using [Partiko iOS](https://partiko.app/referral/bidesign)
👍  
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@blockking ·
$0.03
sri686sq8
What a vlog talking about blockchain with wave sounds :) Cute
👍  ,
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@surfermarly ·
Oh these were actually palm tree sounds, haha But the ocean is right behind of them :-))

Thanks!
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@bluengel ·
$0.02
previous visited from twitter link and followed ! amazing Partiko 💙 LOVE !

at this time from Dcontest @dcontest link ! :) ♥♩♬♬

first of all
thanks for sharing @surfermarly thought and question ! :) ♥♩♬♬

@bluengel also think Lack of Unite to Communicate Connected Community in Steem world !
Community itself only communicate and lots of killing DApps and Steem-Engine Coins !
But What for ? Unless We Communicate starting like this in Comments first and sharing Thought Visions etc
for Happiness Life !

Focus FoCus FocUs
Communicate starts with Comments !
Steem ♨ On ! to the 💙 Universe ! ♩♬♬

Posted using [Partiko Android](https://partiko.app/referral/bluengel)
👍  ,
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@gomdory ·
$0.08
곰돌이가 @bluengel님의 소중한 댓글에 $0.011을 보팅해서 $0.012을 살려드리고 가요. 곰돌이가 지금까지 총 4070번 $47.579을 보팅해서 $50.714을 구했습니다.  @gomdory 곰도뤼~
👍  
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@bluengel ·
고마운 곰도뤼~♥

Posted using [Partiko Android](https://partiko.app/referral/bluengel)
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@chekohler ·
$0.05
I do think Steemit is underrated but its because its been underperforming. Until we can reduce our churn rate, improve our retention and really show users there is a place for them here to interact and build their personal brand or community it will continue to be a unfulfilled potential we look at. 

I think we need to focus steem's message to users less on the money making aspect and more on the free to do as you please and not being advertised to or having your data collected and used. I just feel the whole make money angle just attracts people for short term gains and those who stay are those who just feel this is better than traditional social media 

Once you've established that user base these users will then filter out to the various dapps and projects they find interesting in the ecosystem. We need to really lay out a welcome mat
👍  , , ,
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@surfermarly ·
Do you think that a better retention and a stable userbase would improve Steem's *image* in the whole blockchain space? I am not quire sure about that. If you talk to people who're involved in other - bigger - projects, it seems that they just don't take Steem for granted. It's as if they thought Steem would never be able to grow out of its infancy. Probably that's because there haven't been many improvements during the first two years. Yet, during the past months there's been a lot of new use cases, applications and services being built on the chain that definitely add a lot of value to it.

Still, it's as if Steem was labeled to not be a *recognized blockchain project*.  

Fascinating topic :-) Thanks for sharing your thoughts!!
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@connecteconomy ·
$0.07
I agree - I believe Steem is underrated, too. It's been a mystery to me why the price is not rising, when we have a decent amount of daily active users and so many dapps! 

While prominent people might do well in bringing more awareness to Steem, I do not agree that it's the trust in *them* that would (well, *should*) have any influence on investors or the price. The whole blockchain space is about being "trustless" - meaning you trust in code and the network, rather than in individuals. 

However I came to the conclusion recently that this EXACTLY is the problem: Ned (or Steemit Inc) and their large stake, which he/they can power down at any moment. Ned has shown the community (and the world, and any potential investor) that he's ready to do that. To me, he's holding Steem hostage, to be honest. If I were a large investor, I wouldn't invest for this one single reason. I do not trust him/them. 
As long as this is not solved, as long as Steem is not truly liberated from that - I don't think we'll see Steem truly taking off. 

It's sad. I love Steem, but I believe that this one issue - which proves the lack of  decentralisation and "trustlessness" of Steem - is the main reason why potential investors are waiting for something better to come along, that is truly decentralised and has a higher chance for survival long-term.
👍  
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@surfermarly ·
Oh, I'm happy you commented here, Anja! That's a quite interesting and also new perspective which hadn't been mentioned so far, but I feel that there's a lot of truth in it.

The (theoretical) centralized control might indeed be a major issue, and that would also explain why there haven't been any larger investments lately. 

Do you really think most investors base their decisions on code rather than people?

> The whole blockchain space is about being "trustless" - meaning you trust in code and the network, rather than in individuals.

If EOS had been created by someone else than Dan Larimer, do you think they would be where they are today? 

Exciting times! We're lucky to be part of them :-)
👍  
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@connecteconomy ·
> Do you really think most investors base their decisions on code rather than people?

They base their decisions on “fundamentals”. The team behind a project is only one item of a whole list of points. Code, scalability, costs, transaction speed, level of decentralisation, daily active users, and “does it solve an actual problem, and will there be increasing demand for a solution in the future” are other items on the list.

Steem scores pretty high on many of them. But if “the team” suddenly loses interest and stops working on it (or actively destroys it) then all the other items won’t matter and go to zero.

Unless it’s truly decentralized. If we get to a point where Steemit Inc. is not needed anymore to maintain the Steem blockchain (and carry the apparently high costs) - if, say, everything can be run by the witnesses and the network somehow - then things could shift. 

Mind you, it wouldn’t solve the issue of Ned’s large stake. So I don’t know ;) 

EOS has many many haters, specifically because of Dan. “Because he abandons every project” LOL. I don’t think like that, but I believe small investors of a few hundred or few thousand $$ tend to go more by the people (Me: “I’ll invest in anything Dan Larimer does!” LOL) But the larger the funds, the more important the fundamentals.
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@dcontest · (edited)
$0.04
Congratulations mam your video had been selected by dcontest for Promoting your video in our contest post😊 within 30 minutes :)



Additional Information : Dcontest.org is a Dapp founded by [@freecrypto](https://steemit.com/@freecrypto) and developed by [@neavvy](https://steemit.com/@neavvy)
👍  
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@surfermarly ·
$0.10
Oh @dcontest, finally I stumble upon your account! Well actually you stumble upon mine, but it's great you did, hehe. Like that I found yours! Following you now :-)

Thanks for the mention, that's very kind of you!!
👍  
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@freecrypto ·
A follow back is on the way, hehe.

Your always welcome mam😊

And a big thanks to you too for letting us to promote your video 😊, hehe :)

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@ddaily ·
Hey @surfermarly, this is an **amazing post** with a lot of 
- inspiration
- motivation and 
- creativity in it!

You have been **curated by the @ddaily curation team** and we are **grateful** that you shared your work with us.

If you want to know more about the @ddaily family - then please check out our channel and 
do not hesitate to **connect with us via discord**.  You can find the link at the botton of every post of us!

<center>

### THE POWER IS IN THE PEOPLE!
[![image.png](https://ipfs.busy.org/ipfs/Qme5roYLkZcRjzb44tHuc94Acw2op37J1bDr9968dzQkLS)](steemit.com/ddaily)</center>
👍  
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@surfermarly ·
Sweet!! Thanks for the great support, guys :-)
Do I see you in Barcelona at the @dtube.forum? Hope so!!
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@tibfox ·
$0.05
Of course we will :D 

Many of the organization team are active @ddaily members ;) it will be awesome to get to know you and the other creative and inspirational people in this beautiful city :) 

## Peace!
👍  
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@farizal ·
$0.05
You are correct about personality like some figurehead for STEEM. But, I believe that STEEM have onboarding and adoption problem. 

Compare STEEM to a hundred of cryptocurrency from Bitcoin to rank 200. Aside from EOS, all of them are very easy to onboard. Anyone can create a wallet in an instant.

I prefer the Bitshares model where you can have free account with username + numbers and paid one if you want to just have a short name like on STEEM.

Dlive registration made me realize that people just want an instant registration process like other crypto wallet which create address in an instant.

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@surfermarly · (edited)
Do you think that a better onboarding mechanism would improve Steem's standing in the blockchain community? I am not sure about that. 
Wherever I go and talk about Steem people just don't take the whole project seriously, and I don't think that this is due to a relatively complex onboarding. It's as if all the other great benefits the blockchain offers were not so valuable since they're not part of another - more popular - chain.

IMO that lack of respect must have a deeper origin.
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@farizal ·
Maybe some ex-steemian have a deep hate in them and influenced others. With all the drama and flaws I still love STEEM more than EOS, Tron or Ethereum because it is cheaper to expand here.

But, again on the onboarding issue. I give you as an example, trybe.one on EOS. They have the typical social website registration. User can integrate the EOS wallet as optional if they want to earn the token.

IMHO I guess if there was another DApp on top of STEEM that let people join easily and make STEEM integration optional will make it more attractive.

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@felander ·
$0.02
hey Marly, I would say that in part you might be right about the figurehead but the more prominent someone is the more centralised the project.
I have another theory as to why we are on coinmarketcap where we are.
The Steem blockchain has a rewards pool that awards "free" Steem every day and as long as there are more people selling their steem than powering up this will not change.
👍  
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@surfermarly · (edited)
Hey @felander! I agree that having a representative might contribute to a more centralized organization in general. Yet, I believe that it's hard to build decentralization from scratch, and probably what all those projects need is a centralized boost in the very beginning that gives birth to a decentralized solution. So far I am not aware of a single project that has been decentralized since its very beginning. 

More people investing in Steem than cashing out, would surely have a positive effect on the price of STEEM as a currency. But would that improve the overall standing of Steem (as a project) in the blockchain community? 

Reminds me of the chicken and egg principle: why would people invest in and hold Steem? :-)
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@felt.buzz ·
$0.05
Hi, I think you are right... or mostly right. I think the steem community were waiting a long time for Steemit to take a lead... and then realised that it would be better to just get on with it. There has been a real energy around steem in the last few months (despite the low value - or maybe because of it). We are not going to get a charasmatic leader, but we do have a lot of charasmatic dapps (you mentioned steemengine, for example, but also the gaming dapps are MASSIVE) and I think these will make up for it! :)

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👍  ,
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@surfermarly ·
Great adding! Thank you @felt.buzz :-)

Yeah. There was indeed a longer period where we were completely lacking leadership, and probably that did cost us a lot of standing in the blockchain community. Now we have realized that a lot of progress can be achieved only by building on top of the chain, not needing to rely on any *centralized force*.

Yet... I believe that even if we're all striving for decentralization and that world where we actually don't need *one authority*, those projects that are currently successful, did/do have those leaders that provided their babies with the initial boost. Maybe it's unrealistic to believe that decentralization can be built from scratch.

What a nice topic, I could talk about all that forever! :-)
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@freecrypto ·
$0.06
The point that you had said Trust that's what I had said in my upcoming video , I mean not uploaded yet but recorded it.

Second most important point is Unity

Believe me we are lacking alot in trust & unity . If we builded it then I can guarantee no one can beat Steem💪😊.

“Solely we can build a house But together we can build a pyramid” ~ By @freecrypto

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@surfermarly ·
$0.09
Unity... interesting! I will definitely need to watch that video :-) Are you going to upload it today? Just to not miss it.

I like pyramids though :-)
👍  
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@freecrypto ·
Yup for sure today within few hours 😊, ahh, I will try to give especial mention to you :). Basically a 15 minute long video, probably my longest one. Tried to cover almost all things, “Why we are not getting people like PewDiePie in our platform” in that part  where I say all about unity & trust :).
I hope you gonna like the explanation :)

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@glenalbrethsen ·
Hey, @surfermarly.

Trust, it seems to me, is a big factor, and not having a concentrated, effective marketing plan isn't helpful, either, but which crypto projects really have something like that and how are they accomplishing it? Where do people go to get exposed to that kind of marketing? I mean, there's been ads on Facebook and elsewhere, and then those were taken away, and now they're coming back. So, is it word of mouth that is supposed to be spreading? Are there ads that are supposed to be popping up on sites?

How do these other projects get where they are? How did EOS get so much capitalization, when Dan has been bouncing from one project to the next?

Most blockchains don't have anything on them other than people making some form of crypto transactions. The most recent ones, like STEEM, are designed to do more, like having dApps running on them, but few of those have what's going on here—an active, decent-sized group of users and a sense of community.

So, I agree. What is it? Are we still paying for what has been perpetually called a poor distribution (because every now and then there's an article popping up about that, even off chain), or how the whales dominate here, or how it's tough to make STEEM as a creator? Negative press seems to be what we get. But why? How are we any worse than any other chain? And how is it that they are any better, when they're essentially doing the exact same things, perhaps to different degrees and different ways?

I don't know. It could be a number of reasons, or none of them. It could be that by leading out as a social media site that pays, we've narrowed the scope of what investors can see us doing, when in reality, STEEM can be so much more than that. When people think of social media, what to do they think about? Memes and article sharing? If that's it, is there actual value in either of that? If I didn't know that there were actual content creators here, I would say no, there's no value in sharing memes and articles.

I think onboarding has not been what's been promised. I think it's hard to get oriented and get started (though hopefully that's changing), I think in our quest to be decentralized, we have no main message to give anyone, and we have no main focus. We spread whatever resources we have based on whatever pet project anyone wants to do (and maybe that will be changing, too).

Maybe three years is too short to be expecting a serious, robust and thriving blockchain. Maybe we keep getting ahead of ourselves before the foundation is poured and dried.

There's certainly a lot that glitters out there in the crypto space, and until the great culling takes place, we're just one of hundreds out there, that hasn't been tooting it's own horn loud enough, so the narrative is being carried by others who have little to no vested interest in STEEM.
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@icedrum ·
$0.03
Hi surfermarly - this is indeed a very interesting question! I do think Steem is underrated as it has so many functioning use cases that many higher cap cryptos do not. As Steem has so many use cases already and longevity it should represent a better investment and get higher prices once this is recognised! The Crypto space is very young - the learning curve has been very steep!

Upvoted and resteemed :D
👍  
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@surfermarly ·
Yeah, that's my very perception @icedrum! There are so many inredibly valuable use cases, but it's as if they were not really perceived by a large majority of the players in the blockchain community.

I noticed that at the last conference I was attending. Many people just shrug their shoulders when you tell them about the great benefits of Steem. Weird!! :-D

Thanks for stopping by and adding your thoughts. Have a great weekend :-)
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@icedrum ·
Thank you Marly - you too :D
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@jackramsey ·
$0.05
I believe you are right, 
usually it is the singer and not the song that makes a sound popular, 
it helps to have some personalities on board which is part of marketing. 
I believe that is what's lagging or lacking,
 the promotion stuff.
Regards

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👍  ,
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@surfermarly ·
Nice analogy, @jackramsey! I like your way of thinking :-)

If we were right, then improving would actually not be such a big issue. It would be harder to improve on the product than it is to talk about the product.

Or in your words: we already have a song that has potential to rock the charts. We just need the right singer to perform it and make it become that bomb breaking the charts :-)
👍  
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@jackramsey ·
$0.06
Appreciate it,
Again I agree with you,
We need to support who ever will be our singer, 
as fans, so our favorite music will top the charts.
Regards

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👍  
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@maxdevalue · (edited)
$0.03
The one problem with Steem is the ever increasing supply that we all know exists, but don't ever talk about it.
At current market cap, as at this time last year, Steem would have been closer to $1, but with the ever increasing supply, it's left to be seen just how long it takes for the inflation rate, to rally more than the rate of money coming into Steem.

Secondly, every divided house will find success hard to attain, Steem pioneers and founders leaving Steem blockchain is bad finger pointing at steem because, we’re living in a world of rivalries, I expected that when a deep question like this is asked,  that Steem top pioneers should come onboard and explain things out; but you hardly see them attending to this type of meaningful questions.

In conclusion, the future is bright for Steem but then we must remain united and humble. Every project must be consistent in upgrading things so that we don’t end up with DApps and projects that has low or no problem solving capacity. Come on Marlene; we’re living in a world where unprofessional  services are frowned at!
👍  
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@surfermarly ·
Even though we were able to fix the supply / inflation issue, would that improve the overall standing within the blockchain community? I have the sensation that Steem isn't really respected for other reasons.

Why does Steem don't play a role in those major blockchain conferences for instance? It's as if we were not part of the real game.
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@maxdevalue ·
In that case, it means that we’re unique, they cannot beat us, they’re dreaming to be like us but they can’t! Let’s continue growing; they’ll eventually open up to truth and reality.

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@melip ·
Hola. Escuché que hay un STEEMIT meet up en Barcelona en el mes de mayo. Sabes las fechas, el lugar exacto y si tú vas a estar ahí.
Gracias de antemano 😊
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@surfermarly ·
Claaaaro que sí!! :-) Es el **DTube Forum** y tendrá lugar del 17 al 19 de Mayo en Barcelona. Podrás consultar todos los detalles en http://dtubeforum.com y siguiendo a la cuenta de @dtube.forum. 

Voy a estar ahí, así que me alegraría mucho verte!! :)
Cualquier cosa pregunta por aquí o en discord - este es el canal del evento: https://discord.gg/Zbdkdd

Saludos y un muy buen finde para tí :)
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@melip ·
Gracias linda 😊
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@nathanmars ·
Bitcoin is 10 years old 

STEEM is 3 years old
👍  
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@surfermarly ·
Yeah but then look at EOS for instance, they're not much older than Steem are they? :-)
👍  
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@olivia08 ·
Well said, @supermarly. I believe steemit is not underrated and undervalued. It is the Steemians who will make it valuables and there are lots of people who give good work. It is also rated for me as the best blockchain who improve people's way of living and aspects in life. It is based on myself and see many people rated it as the best blockchain.
Keep it up beautiful @supermarly.

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👍  
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@surfermarly ·
Hehe... *supermarly* is really sweet :-) 

I agree that on a social blockchain it's the community that mainly adds value to it, whether leveraging it as a developer who builds on it or as a creator who uses its functionality to express themselves. 

Thanks for the encouragement Olivia! :-)
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@olivia08 ·
Welcome Ma'am beautiful

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@steevc ·
$0.05
We do have our Steem figureheads from Steemit, but they do not seem to have created the buzz we need. We do need some real evangelists who can reach a wider audience. Some of the community are trying to do this, but you really need a well-known name.
👍  
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@surfermarly ·
$0.02
I completely second your perspective, Steve. There are indeed a couple of these visionaries who're creating a great impact on the blockchain community and their decisions. It'd be so great to be part of that game.

I'd really love to see Steem being more respected and accepted in the whole crypto space.
👍  
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@tamiil ·
$0.09
@theycallmedan would be a great figurehead, that guy can talk and hype up anyone.
👍  ,
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@surfermarly ·
Agreed! :)
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@whatsup ·
$0.07
I think we are undervalued, but I also understand why.  

We have almost no Marketing, no branding and frankly our roadmap is confusing even to me.  

:)  

Do we want to grow the community?

Do we want to only grow the games?

Are we or are we not about Free Speech?

...  

We've made RCs and Wallets and difficult for end users who would hear about Steem.

I love Steem, I'm here and acclimated but I do get frustrated with us shooting ourselves in the foot so often.

You asked, I had to be honest.  Surely we can do better to spread the excitement that some of us still feel.
👍  
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@surfermarly ·
$0.04
I always appreciate your honesty @whatsup and am glad you stopped by and commented :-)

It's a double-edged sword. On one hand we need a clear vision, roadmap, marketing strategy etc. which can hardly be created by a whole community. On the other hand we want this to be decentralized, providing literally everybody with a say. 

I believe that the other projects do have a big advantage since they realized that you can't build a decentralized world from scratch. You need a group of people who pave the way for the masses, acting as representatives and in favor of the community's interest. You need leadership, at least during the foundation period.

Once the basement has being built, everybody will be able to build their own houses on top of it. But you need those leaders, those arquitects and designers who lay the foundation, who create that brand and give that ship a name and a purpose.

I feel that on Steem we never had that. That's why we don't know who we are and what we stand for today. As you said there are too many options and no clear vision.

I love this place, too, and that's why I like these type of conversations - they may help us to improve.

Have a great weekend :-)
👍  
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@xcountytravelers ·
Wow.  I had never thought about that.  We have many amazing people on the blockchain, but for some reason, we haven't developed that person or persons who are getting other world's attention.  I am not sure why because I have met some pretty fantastic people here.

I think the blockchain is underrated by those who are not part of it.  I have a friend who has an account, but he just hasn't seen the possibilities of it yet.  It just sits there, waiting for him to become active with the rest of us.  How do I convince him to give it a go?  
Ren
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@zanoni ·
$0.06
Yes, Steem is underrated, definitely. 
But what's missing? 
If we don't have that huge guy who can attract thousands and thousands of users, we need a professional world wide marketing campaign! 
Now! 
The longer we or Steemit wait, the more we will regret it. 
We don't need hundreds of apps, what we need are high quality, user friendly apps like Partiko or Appics. 
The masses are not interested in blockchain technology, they like it easy and the work should be focused on that. 
Have a great day
Tom

Posted using [Partiko Android](https://partiko.app/referral/zanoni)
👍  ,
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vote details (2)
@surfermarly ·
Many are waiting for *that one killer app*. But probably we already have everything we need. I agree that applications like Partiko and APPICS are very powerful and do have the great potential to attract many.

That would be the user side. But then what about the business side? What about investments? Why are so many hesitating? 

Thanks for stopping by and leaving your thoughts, Tom!
👍  
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