Your prayers are answered, first STEEM fork arrives, how high will it go?

[useless eater]

Everyone here has been begging someone to clone the scalable STEEM blockchain tech minus the ninja mine, and someone has finally done it.

STEEM, of course, is known for its instant and free transaction blockchain with Visa-level scalability that is second to none.

The Peerplays team is distributing their coins with an ICO, and recently verified BTS sharedrop (no ninja mine).

Will the PeerPlays market cap grow bigger than that of STEEM (who did not offer equity to the masses), but rather did a ninja mine? Or will PeerPlays have a bigger market cap since they fairly allowed anyone and everyone to get in on the ground floor as equals.

Im curious to see what the masses think. Thanks for participating in this market survey.

[Spoetnik]

Scam ?
No problem fork it.

It's legit now 

Community Take over scam 2.0

[Spoetnik]

Like spending a bag of money a bank robber dropped during a police chase..

People are like well uhhh i am NOT the robber.

They are simply turning a blind eye to profit from something they really should have avoided in the first place.
I don't see how much of this crap can be justified.
For example.
I watched ALL of crypto try and justify supporting Doge Coin.
It was a pointless clone made for profit that the dev said was launched as a joke.
Then they all tried to take it seriously and seriously run around the whole entire internet
chanting it would replace Bitcoin's market cap soon etc.

I kept saying bullshit and you will all vanish in silence.
Predictable really..
And i was right ..again.

The brain dead moronic logic around crypto fucking defy's reason.
It simply blows me away the shit people try and say to defend stupid.
..all for profit.

And if dev's want this support from profiteers to further their cause then what are they doing ?
See any world wide adoption yet in all these thousands of shit coins ?
Nope.
Because the devs' are full of shit.
They made their "Coin" to go on Poloniex for profit not the scheme tag line they parade around.
AKA: Pyramid schemes.

[raphma]

I dont even know what you're talking about....

[Spoetnik]

I dont even know what you're talking about....

I don't know who you are talking to.

[Redrose]

That's becoming more and more blatant. That will go nowhere. I don't understand what is your problem with a premine. The developpers can't live from some random "tahnk you" ...

[GreenBits]

That's becoming more and more blatant. That will go nowhere. I don't understand what is your problem with a premine. The developpers can't live from some random "tahnk you" ...

Although I'm not fond of premines in most cases, I don't see where a premine diminishes functionality here. This is the same coin, minus the brand STEEM has established. It will make the hype price surge every coin in this space does, but I don't see this surviving long term as it doesn't seem to offer any innovation.

[jacafbiz]

Any information on how they want to structure the ICO

[danskepankki]

Will it be a Steem Classic? I get confused now, why fork? What is Peerplays?

[iamnotback]

Opposing viewpoint aka my 2 cents:

I am thinking there is a very easy way to determine if Steem or any competitor such as Peerplays is failing.

As @xtester wrote in his most recent blog, it is all about the rate of growth. Which is what I've been saying.

Seems Steem signups are averaging in the rough neighborhood of 1000 per day and are not increasing. Of these, about 80+% become inactive within 30 days or less (xtester claims 66% but I think he is fooled by a recent reacceleration of signups and my prior calculations showed 80+%).

So with actually about 200 signups per day, that is ... drumroll please ... a humongous 73,000 active users after 1 year.

And we don't know how many of those are bots. And we don't know how many of those will quit within a year.

73,000 users is freckle on an elephants ass when we are talking about the economies-of-scale in networking that are necessary to make a social network (and merchant) ecosystem viable.

Even if we increase that by an order-of-magnitude, at 730,000 users in one year, it is still at least an order-of-magnitude insufficient.

There is a deeper point. The Steem adoption rate numbers are indicative of lack of viral spread. The signups are merely barely replacing attrition. Intuitively I am nearly certain that the reason is because there is no compelling networking of the reason to signup.

Try to understand the reason people signed up for other social networks. It was because they did something very unique and in high demand. So when all your friends were joining, you caved in and joined too.

Steem has none of those attributes. It doesn't do something very unique that is in high demand. And not all of my friends are joining. The reason is because most people don't give a fuck about storage persistance and censorship resistance, and blogging to earn $ is not something most people can do well (and besides it is not immediately gratification and requires a lot of work, both of which are things the masses hate).

Sorry you need a new formula and Peerplays can repeat this same mistake but it won't cross the chasm.

I have a plan and a design and now I've chosen a 5 letter, one syllable name.

[SmirkinPepe]

Your title is factually incorrect, OP. I prayed for waking up to a new Lambo on my front lawn and it isn't there!

[maydna]

in my opinion, i hope STEEM will not go like ETH with ETC or DAO. because if this happen with STEEM, then i think it will make STEEM go down below. in coinmarketcap, STEEM in number 4, i think i will wait for this weeks and i hope there is a good news from the dev.

[Redrose]

Opposing viewpoint aka my 2 cents:

I am thinking there is a very easy way to determine if Steem or any competitor such as Peerplays is failing.

As @xtester wrote in his most recent blog, it is all about the rate of growth. Which is what I've been saying.

Seems Steem signups are averaging in the rough neighborhood of 1000 per day and are not increasing. Of these, about 80+% become inactive within 30 days or less (xtester claims 66% but I think he is fooled by a recent reacceleration of signups and my prior calculations showed 80+%).

So with actually about 200 signups per day, that is ... drumroll please ... a humongous 73,000 active users after 1 year.

And we don't know how many of those are bots. And we don't know how many of those will quit within a year.

73,000 users is freckle on an elephants ass when we are talking about the economies-of-scale in networking that are necessary to make a social network (and merchant) ecosystem viable.

Even if we increase that by an order-of-magnitude, at 730,000 users in one year, it is still at least an order-of-magnitude insufficient.

There is a deeper point. The Steem adoption rate numbers are indicative of lack of viral spread. The signups are merely barely replacing attrition. Intuitively I am nearly certain that the reason is because there is no compelling networking of the reason to signup.

Try to understand the reason people signed up for other social networks. It was because they did something very unique and in high demand. So when all your friends were joining, you caved in and joined too.

Steem has none of those attributes. It doesn't do something very unique that is in high demand. And not all of my friends are joining. The reason is because most people don't give a fuck about storage persistance and censorship resistance, and blogging to earn $ is not something most people can do well (and besides it is not immediately gratification and requires a lot of work, both of which are things the masses hate).

Sorry you need a new formula and Peerplays can repeat this same mistake but it won't cross the chasm.

I have a plan and a design and now I've chosen a 5 letter, one syllable name.

What's being said in the quote is not very clever. I don't think that there's many altcoins that have 73 000 users, and even less when you take 730 000 !

[Spoetnik]

That's becoming more and more blatant. That will go nowhere. I don't understand what is your problem with a premine. The developpers can't live from some random "tahnk you" ...

Then don't make coin #3,126

No one is pointing a gun to their head saying they HAVE to make some lame scammy ass ICO shitcoin.

It's called creating a problem to sell you the solution
Besides.. it's all lies & games and bullshit anyway.

Take BlockNET you all defended.
He said he coded 75% of it before posting here on the forum with his jpeg ANN topic.
..asking for 1 million in BTC.
I asked him for what ? Why so much i said ?
He said here on the forum "to insure it's a success"

So him sitting at home he coded 75% that makes it worth what now ? 3 million in BTC ?

Over a year later he has pissed off his supporters when they ask what is happening ?
All he has done is say one day.. coming soon etc
He's done nothing but take his fortune and wander off with it while posting excuses.
AND.. he could not even cover paying the domain on one of his sites !
I guess 1 million just doesn't go as far as it used to huh ?

Spare me  
You are all fucking full of shit period.
Just shit-fuck ton of scammers fucking people in the ass with Ponzi schemes.

Launch an ICO ?
I hope to see you in jail for fraud.

Want money ?
Get a job brats.

"Developers" can eat my shit.

[European Central Bank]

I don't have a freaking clue how steem works, but I do know it's all about social network. more so than any other type of coin, if you don't got the users you don't have anything. where would a fork find fresh meat?

[Zer0Sum]

Opposing viewpoint aka my 2 cents:

I am thinking there is a very easy way to determine if Steem or any competitor such as Peerplays is failing.

As @xtester wrote in his most recent blog, it is all about the rate of growth. Which is what I've been saying.

Seems Steem signups are averaging in the rough neighborhood of 1000 per day and are not increasing. Of these, about 80+% become inactive within 30 days or less (xtester claims 66% but I think he is fooled by a recent reacceleration of signups and my prior calculations showed 80+%).

So with actually about 200 signups per day, that is ... drumroll please ... a humongous 73,000 active users after 1 year.

And we don't know how many of those are bots. And we don't know how many of those will quit within a year.

73,000 users is freckle on an elephants ass when we are talking about the economies-of-scale in networking that are necessary to make a social network (and merchant) ecosystem viable.

Even if we increase that by an order-of-magnitude, at 730,000 users in one year, it is still at least an order-of-magnitude insufficient.

There is a deeper point. The Steem adoption rate numbers are indicative of lack of viral spread. The signups are merely barely replacing attrition. Intuitively I am nearly certain that the reason is because there is no compelling networking of the reason to signup.

Try to understand the reason people signed up for other social networks. It was because they did something very unique and in high demand. So when all your friends were joining, you caved in and joined too.

Steem has none of those attributes. It doesn't do something very unique that is in high demand. And not all of my friends are joining. The reason is because most people don't give a fuck about storage persistance and censorship resistance, and blogging to earn $ is not something most people can do well (and besides it is not immediately gratification and requires a lot of work, both of which are things the masses hate).

Sorry you need a new formula and Peerplays can repeat this same mistake but it won't cross the chasm.

I have a plan and a design and now I've chosen a 5 letter, one syllable name.

Paid social network Tsu shuts down, claimed to have 2 million users in 2015.

Money quote:

"Tsu users, meanwhile, didn’t come because they cared about connecting – they came for the money. That never ends well."

https://techcrunch.com/2016/08/16/spammy-social-network-tsu-shuts-down/

Steemit posting metrics are DOWN 30% from their peak in late July...

https://steemle.com/charts.php


They basically lost me when Dan posted his insane plan to have a "whale curation bot arms race"...
And force people to read only garbage dictated by bots in a 30 minute window...
If I see another "Steem changed my life" or "here's more pics no one cares about" I'm gonna hurl.

Imagine if Amazon had 50 college age millionaires pick the only products you can see and buy...
As opposed to real people who work... and spent hard-earned money to buy the item... and write a sincere review...
It's a good parallel because books and music are very widely reviewed on Amazon.

This is the whole problem with having engineers design consumer products...
They have no concept of what usability means for an average person... or the 1000 other options they have.

Like the asshole decision not to release a Windows binary of steemd = massive, deliberate security hole...
How much money can one put in an account secured ONLY by an unregulated, centralized web site targeted by every hacket out there?

 
 

[iamnotback]

...

"Tsu users, meanwhile, didn’t come because they cared about connecting – they came for the money. That never ends well."

I am thinking it is okay if money is part of the initial motivation that separates the project from the existing social networks, for as long as they stay for the features which are unique. Money is okay as an onboarding gimmick.

Also I am very much okay if those unique features help them to build successful money making businesses.

Tsu's problem is it didn't offer anything. Even the money was paltry (because afaik it was coming from advertising/sponsorships).

Steemit...They basically lost me when Dan posted his insane plan to have a "whale curation bot arms race"...
And force people to read only garbage dictated by bots in a 30 minute window...
If I see another "Steem changed my life" or "here's more pics no one cares about" I'm gonna hurl.

I had all the same reactions to those specifics.

Imagine if Amazon had 50 college age millionaires pick the only products you can see and buy...
As opposed to real people who work... and spent hard-earned money to buy the item... and write a sincere review...
It's a good parallel because books and music are very widely reviewed on Amazon.

Apt analogy. See my latest post about Leah McHenry.

This is the whole problem with having engineers design consumer products...
They have no concept of what usability means for an average person... or the 1000 other options they have.

I am an engineer who also understands the marketing side.

Like the asshole decision not to release a Windows binary of steemd = massive, deliberate security hole...
How much money can one put in an account secured ONLY by an unregulated, centralized web site targeted by every hacket out there?

Are you lamenting the inability to access accounts from a Windows client and thus forcing Windows users to access it through Steemit?

[ethereumhunter]

i think steem will not go high like the others. i watched on polo, its really slow movement and i don't know what is happen with STEEM. but maybe after fork, i will watch STEEM again to watch is there any good movement or not and can give me profit or not.

[iamnotback]

Steemit...They basically lost me when Dan posted his insane plan to have a "whale curation bot arms race"...
And force people to read only garbage dictated by bots in a 30 minute window...
If I see another "Steem changed my life" or "here's more pics no one cares about" I'm gonna hurl.

I had all the same reactions to those specifics.

My follow up:

But the problem is if we successfully spread the rewards out, then authors won't hardly be earning anything. Then why would 20,000 bloggers switch from Medium, and even Facebook and other more powerful competitors are adding blogging features. The voting paradigm is inherently dysfunctional and I am intending to do something about this soon.

and get the feeling of ownership back!

You can't because the whales own it. So there is a class war. And if we spread out the ownership uniformly then no one has any control and more over no one has any profit because we are just debasing ourselves to pay ourselves uniformly.

The paradigm is fundamentally broken.

[iamnotback]

STEEM is just a coin with a marketing budget controlled by the owners, that's all.

The main problem is that the entire point is to distribute the currency to as many people as possible who would engage in commerce with the token, because that is the only future that will make the token valuable.

But with the concentration of the blogging rewards into a few 1000s of authors wallets, the remaining 93% have not been brought into the platform and quit. Even if they continue on only as readers, they haven't been onboarded with tokens.