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Steemit Inc. CEO Ned Scott, aka Captain Ned, just published a post explaining the difficult decision of having to lay off nearly 70% of the team.
He explained the reasons in the post and in a video. But in a nutshell, due to the harsh bear market (low Steem price) and the extremely high costs of infrastructure, they are providing for Steem, they are forced to trim the team in order to be able to stay afloat.
Which means, Steemit Inc.'s goal will be focusing primarily on development, reducing the costs of the infrastructure running Steemit.com and their public APIs, and ensuring that we (the community) can remain informed of developments.
We are a decentralised community
While this news is very hard and must have been probably one of the most difficult decisions @ned ever had to make, the fact is, Steem is much more than Steemit Inc.
We are a decentralised community consisting of dozens of dApps, hundreds of Developers & Witnesses, thousands of stakeholders and ten-thousands of bloggers, vloggers & amazing Steemians.
Steemit Inc. are the creators of Steem, but we are the ones bringing it to life. Steem Monsters, Utopian, Dtube, Steemhunt, Tasteem, Smartsteem, Buildteam - Steem is thriving!
And now is the time we make sure it stays like that.
Now is the time to take responsibility
Have you had hopes that Steemit Inc. would make sure Steem were to moon? Well, that dream has popped. I'm sure that they will do everything possible to keep Steem alive and improve it, but the lay off was an adapt or die decision.
Before you might try to put the blame on Steemit Inc.'s expenses management, let me stop you there. Debating this won't change anything and they probably know best what they did wrong. At worst, it's energy put in the completely wrong direction.
Instead, now is the time that we, the decentralised community, take true responsibility.
Developer, Entrepreneur, Witnesses, Stakeholders, Steemians - We need everyone!
We have one thing in common: we are all invested in Steem - some more than others. But we all want a Steem that is healthy and growing, right?
Luckily everyone on Steem has a unique skill set. Some can write, some can program and some can bring people together.
While I can't say what each one of you has or should do per-se, there is one thing I can say: focusing on what is valuable for Steem will make a big difference.
I personally will shift my completely focus as a Witness, Stakeholder, Steempreneur, Developer & Steemian effective immediately towards bringing value to Steem.
Regardless of the price, as long as the Steem ship is above water, you'll find @therealwolf on it.
I've already paid for my witness servers in advance, to make sure the blockchain is running.
This is not the end. We are strong enough. We are Steemians!
This might be too daring of me to say, but I know for a fact, there are plenty of people on Steem who share my passion for this blockchain.
It's exactly because of this, that even though these times are rough, I don't fear that the end will ever come to pass for Steem.
My commitment as a Steemian, as Entrepreneur and as a Witness is reinforced by this call to action. And if the community welcomes my ideas and supports my efforts, I have not one single excuse to slow down at all!
We are Steem!
Wolf
Do you believe that my work is valuable for Steem? Then please vote for me as witness.
the Steemit Team miss Management is so big. To be real, the Steemit Team has no idea how to grow a company.
No Marketing, No Salesmen, No Advertisement. Nothing.
And a Company makes always Money Selling Something.
Ned Thinks he can finance it with Steem. So what he does? Nothing.
If thats the plan we need Steem / Fiat. I know so many people, there would buy steem. But it is to difficult and to much work. Not like 1 click.
Its hart with laws etc. But he says he spend 2 Million on Team a year. OMG thats so stuppid.
For 1 Million you get a License as a Bank in Eu. Then you can play Crypto / Fiat Bridge.
And Steem had the Million in Past. And to be real. Steemit has 70 Million Steem.
He can sell 20 Million and get guys doing this for him. And then he gets for every Trade Money. Ez Finance and a new Major Coin.
I bought yesterday again some Steem. Because i think the Steem Blockchain is good.
But now with the new News from Ned i think, OMG why is this guy so stupid.
Steem needs a New Face. A new Frontend. A new Ceo for Steemit. ( Ned can do some Technical stuff he like, but not the Money Stuff like paying employee, Sales, etc)
We all pay as a Community for his Miss Management.
Some more, some less.
Without a plan from our biggest shareholder, i see Black for Steem.
@ned doesnt see it and do now some whiny stuff, so thats the best sign he needs a real CEO, a Salesmen.
Or we all wait and he sell his Stake. Then somebody build a new Frontend and we see what happens.
New Face solve this problem too:
most guys think Steem is Steemit.
@therealwolf i wrote this to @ned https://steemit.com/steem/@freddio/re-ned-2fajh9-steemit-update-20181128t030730542z
i Think Steem is like Shares from the Blockchain.
But i dont feel like a shareholder. is more like nobody cares.
Thats only my 2 cents.
@therealwolf i really like your arrangement. I think also you are nice guy with good ideas. Steem can be so fucking awesome, but it need a big change.
Have a nice day,
@freddio
@igster | Nov. 29, 2018, 3:55 p.m. | Votes: 3 | [
VOTE ]
Yes, the latter we can do something about, but that would require offering stakeholders an option to just receive their rewards without actually selling their votes or using it to vote content without curating ( vote circles, self voting through alt accounts and such ), that will just mess up the content discovery and diminish any true curation efforts, eventually forcing everyone to become a rather passive stakeholder if they wish to not feel utterly demoralised and just leave Steem as a whole.
We have a lot of people who would love to find great posts, I'm sure. And I can't be happy with Steem until real curation has an meaningful effect.
How things work now:
Top 20 trending is decided by who pays most to the passive stakeholders, these stakeholders aren't doing anything, yet they get rewards that match about 10 self votes a day + curation. This activity draws a lot of rewards from the reward pool, so the reward pool that is actually in use for manual curation is already diminished. This passive vote selling doesn't care about what gets seen on our trending, that the outsiders see first and judge the whole system by. And yes, it isn't pretty, but what can we expect when it's decided by who pays the most? So since this kind of activity is going on, even I with close to 6k Steem Power won't bother with curating. I don't have an effect, and if I do manually curate, I'm losing out on rewards and on effort needed.
This is a devious cycle that will lead to majority of people just opting to sell their votes, so a trending can be formed that nobody truly likes or is proud of. Quality content doesn't matter, and it will be obvious to anyone who isn't deluded by their stake in the system, hence hoping for better. I'd like to be proud of Steem, but self appointed "community leaders" with their feel good posts, who at the same time sell Steem's dignity to the highest bidder makes it harder every day.
How Steem could work:
Divide the reward pool by rule like it already is, between passive investors and active ones. Doing this we can actually save the curation process from the devastating effects that passive investors currently have on the system and actually make the work of active investors worth more, since they get to decide what gets rewarded and shown to everyone visiting Steem. They'd actually feel appreciated, who knows! Encouraging more curation by people who wish Steem to succeed long term. There are people who would like to do that job, even if it would pay a bit less, but now their work is muddled by passive voting, indifferent to quality of the posts. And it's a sad, sad state. Not sure how long I can take it, I might just take a hiatus and wait for SMT's and hope they can solve this issue.
https://i.enkiquotes.com/pJmFF2_TfYXF6nWHrVRO-Hi0-CE=//images/2016/11/3a5f0381eefd6aebbc99fef8d5457912.jpg
> And how are you planning to do this? Or to rephrase, what will change?
Different Projects that have the primary goal of bringing value to Steem.
> If it means just more features to smartsteem and more "Steem is fine, we just have to believe together" posts
No. This post was created to keep the energy and positivity up on Steem. The 70% lay off is huge and should be taken seriously, but Steem is much more than Steemit. Don't you think it's important to act as a positive leader for the community?
Smartsteem will, of course, be maintained and kept on an innovative level. This project gives me the ability to work on projects which don't have a revenue stream and have the single goal of bringing value to Steem
For all of my current projects, check this out: https://therealwolf.me/projects
For future projects, follow me and watch out for posts :)
> Also, some could argue that bid bots have made this place the ghost town it is, I've noticed the change in my behavior since I started to sell votes. Probably about 80% drop in manual voting is the result, I wonder if the effect is common.
If it weren't for promotion services, I would have left Steem very early. Who wants to be on a platform where manual curation is flawed and the chance of being seen is based on the luck of having a stakeholder rewarding your post.
> Sorry for being a bad cheerleader, I only have little stake here. For the first time ever, I'm afraid Steem will be a total failure though. Seeing Ned's incompetence as a leader and now 70% layoffs despite huge ninja mine. If Steemit inc ceases to exist, which could happen, since Ned's talking about wanting to survive already, I wonder will Steem cease to exist with it? How decentralized are we really? I know there's very little blockchain development happening outside Steemit Inc, but reading how it literally takes millions to run their systems, should we all be powering down before it's too late?
I understand and I can sympathize. Fact is, words are worth nothing. So instead of me trying to explain everything, let me work on bringing value to Steem, before it's too late.
I was truly hoping you wouldn't take my response and questions personally. I'm sorry that it comes across as sounding negative, that was not my intention and coming to you with respectful intentions was not sarcasm, I truly meant it but knew full well my questions might take you out of your comfort zone. I'm sorry for putting you on the spot.
> If you'd open your eyes and stop living in your bubble of Steemit 2016, you'd realize that I'm actually DOING a lot.
I've been here since 2016 but I do not live in a bubble for I have been here since 2016 meaning 2017 and now nearly all of 2018 exist as well. I'm fully capable of being able to see problems, regardless of what year it is. If it offends you that I've been here since then, I'm sorry.
One of the biggest problems I've faced since I've been here is the fact that when I come to these places to express myself, I'm consistently struck down and shunned by those who I'm attempting to speak to. It has become frustrating and some of that frustration has been visible in comments I've left around here and there. I am not ashamed of being frustrated, nor am I proud of how these discussions turn out.
> How about you actually read my posts? Do I write valuable and honest content, or not?!
I do. I recently started following you. I even took the time to leave a lighthearted comment in the form of a meme for a recent post you did asking for a meme.
> Every time I'm seeing one of your comments, it's full of sarcastic, negative energy. And I'm done arguing with someone like that.
I think I now know why you blew me off. The meme was a joke. I typically write humorous comments and have a lot of fun here. We don't get to see that so much on the trending page here, when I speak to anyone. I'm actually a humorist, most days, and an artist as well. Most visit my blog to have fun and smile. It's unfortunate that I can't seem to be that guy here, in this space.
I realize now, speaking to you was a bad idea, and I will stop.
Have a good day.
@igster | Nov. 28, 2018, 11:09 p.m. | Votes: 1 | [
VOTE ]
Again, I appreciate you taking time to answer my lengthy post. Earns my respect for sure even if we might think differently on certain topics involving Steem.
> "Don't you think it's important to act as a positive leader for the community?"
You kind of answered your own question with "Fact is, words are worth nothing." - When I go to trending I'd rather just see some interesting content that community has upvoted through organic curation rather than "positive posts to read when the price is down". Well, I'd settle for just interesting content since bid bots dominate trending :) Imagine if Reddit was a publicly traded company and when the price of its stock plummets for a while, their trending would be filled with "feel good" posts suddenly. I know it would drive many users away and fast. I'd like this place to also serve people who don't actually have stake in here already. That's why I don't like bid bots, the normal end user gets the short end of the stick with them.
> If it weren't for promotion services, I would have left Steem very early. Who wants to be on a platform where manual curation is flawed and the chance of being seen is based on the luck of having a stakeholder rewarding your post.
Yes, the manual curation was flawed since many stakeholders chose self voting or voting circles instead of actual real curation. These people also happened to be ones with biggest stakes so it set a bad example for everyone. We need to offer a solution where passive investors can have their rewards without messing up the content discovery process, where real people vote on content that a) They actually like b) They think others will enjoy
I think the idea of dividing Steem Power to two camps, passive and active is one of the best ideas I've heard so far that could solve this huge problem.
Has bid bots improved curation? Who wants to be on platform where trending shows posts that just have paid the most? Isn't that just plain advertising? We could call it promotion yes, but there's no difference other than the term used or is there?
That's not the only negative effect bid bots have. I'm sure you've heard them all but most probably haven't seen all the cons. Top promoted posts set certain expectations for people, and when their own posts don't meet them, it makes many feel very negative vibes, the opposite you're trying to bolster with your post here and they'll just leave when they see the system inherently as unfair and broken. At this state buying votes is almost required to have any change of hitting top 20 trending, so we're requiring new users to pay to comment and post and then pay hundreds to have their post seen on trending. How attractive is that on its own? Yes, rewards are paid back but it's still an obstacle.
I'm not even going to bother listing more cons since this reply would turn into a book rather than a comment.
> let me work on bringing value to Steem, before it's too late.
I hope your new projects as big success as Smartsteem, keep up the good work. I hope you consider this input when it comes to deciding on what to improve next :)
> Exactly, you don't know about them, because most of them are anonymous/inactive. In contrast, I am not - which makes me an easy target for blame.
I appreciate that and I am not blaming you for anything really - I am just highlighting something that I would like to hear your response to and to learn if maybe I can help to redirect your energy a bit :)
> I agree. But circle-voting, horrible content discovery & low incentives to vote on others peoples content are also responsible. Don't you think?
Yes, all of these are relevant. I am just commenting on your thread here because I see such a glaring contradiction in the message of the post and the actions in reality.
> The thing is, in my eyes, Steem is not a forum or just a social platform. It is the blockchain of opportunity and hopefully dApps. Which means, that I'm seeing some of these things with different eyes.
In order for opportunity to be real for users and not just something obviously and disturbingly fake like 'the american dream' and 'land of the 'free'" - the blockchain has to be able to fully support 'proof of brain', or at least not totally diminish it for short term financial gain of those who 'corner the market on opportunity'. Like healthcare, opportunity isn't actually a market, yet people have found ways to make it look like one.
I am here both as a financial experiment and because I value censorship free social media. I would use Steem even if money wasn't involved at all - but the issue is that people like me actually won't use Steem because they see the glaring unfairness of how it is right now. I actually know for sure that over 80% of people I know (many of whom aren't so much like me at all) won't use Steem for similar reasons.
> Do you think it's unfair that @steemmonsters are promoting some of their posts with promotion-services? Or do you think that this brings value to Steem by making more Steemians aware of @steemmonsters.
I think that great products get spoken about in social spaces such that they succeed. Products (and messages) that rely mostly on paid placement tend to be of a variety that the majority actually aren't so inspired by.. Hence they are paid. This is a generalisation, but having studied business and information systems to degree level and worked in numerous industries - including having studied the psychology and history of marketing, I maintain that generally if I need to pay to promote my 'thing' then it probably isn't as good as it could be. There's nothing wrong with marketing, but in an environment which is specifically designed to promote good 'things' for free - paying is a sign of failure somewhere.
I personally don't relate to steem monsters, it's not my thing and I don't really have any interest in it's success or failure, but if the community loves it then they should promote it to the top of the list.
We are really talking about the difference between 'proof of brain' and 'proof of wallet'. 'Proof of wallet' is the old world that many know needs to die.
> Do you think that promotion services are somehow part of Steem?
The ability to upvote is itself a promotion service. The original 'promotion' system that is built in to Steemit.com was always pathetic (I even considered leaving Steem when I first used it and realised how badly thought out it is) and I offered an overview for a redesign of it over 18 months ago - but like most suggestions here, it was ignored.
> And would you rather have them in the hands of some anonymous guys, who don't care, or in my hands - who cares (maybe too much) about Steem and is always available via Discord/Slack/Steem.chat.
Promotion on Steem was designed to be in the hands of everyone with Steem Power. The Terms of Service for Steemit.com actually state that bots are banned - but this has never been enforced. I think it's clear that both @ned and @dan want to take whatever steps possible to prevent the use of bots in the future since it breaks the basic design.
I think that as long as bots are being used it doesn't make a huge amount of difference who runs them, at least in terms of the effect it has on the public perception of Steem. I know that there are bot operators who are far less rational and perhaps less well intentioned than you are - but it still doesn't change my feeling about the belief that says that you are acting always for the best interests of Steem, while at the same time participating in the primary activity that harms Steem the most.
It would be great if we could all collectively re-envision Steem so that it is optimally attractive to new users and investors. I have, in the past, participated in an early social networking startup that attracted the biggest venture capital groups and I know how they basically think about investing in such projects. They are generally looking for projects that can gain mass adoption and there is no way that Steem can achieve that as long as people see such glaring exploitation of the system occurring.
I'm sure that if you weren't running your system, then someone else would just run something to replace yours - I just don't see much of a future for Steem as long as people are actively supporting the mechanisms that are destroying it. It's a lot like a drug addiction.
indeed, i heard a thing here and there ...
that must have been unavoidable then but i dont see the ship sinking yet, as you say the steemchain is more than steemit, as long as the witness servers run it should keep breathing
sadly i could barely afford paying for my domain name in advance this year so its a bit of a paradox , until the price rises i doubt i could run a node myself
and btw ... there's more storm ahead :
https://youtu.be/TRYSxIYHS0w
you have to network for this, please be so kind as to spread the word
@therealwolf
(ye great work btw ... but i still feel a downloadable file with all the votes/voters on a bought vote would help a lot for personal statistics ;-)
it shows how little the fabled "investors" and mythical mystical whales care about the carnage they leave behind on real people with real lives making real money off of this futuristic sci-fi (almost 15 years old by now ?) planet Crypton thing.
they care not
so you're right, but its not one million plankton you need to keep floating
you need a few REAL brandnames, like Flixxo has coca-cola , has pepsi, has rayban, kenzo, nissan , paco-rabane, greenpeace and whatnot ALL SPONSORING their project
thats what steem needs, not strongarming, not blacklists
not another million plankton with no money to boot
all those major marketeers telling people to do it "the right way" should prove themselve and try to bring in at least ONE , if only one
major brandname WITH money
(or is that immoral or something because sacking 70% of the workforce because its the only way seems a high price to pay for high morals)
it must be one of the hardest decisions to make but it's unavoidable if you're the captain so i hope he's not on three day bender, that's the cost of doing business in an avalanche, hard decisions in order to keep going.
I'm personally not on a first-name basis with bill gates yet but maybe someone on whale-street upthere has a little company with a sales/marketing department doing cold calls all day ?
could try to get like one or more real investors over maybe ? could at least try
because the people down-here don't have the reach or the clout or the means, or maybe not even the inclination, i personally suck at marketing and handshake-day myself but if i had a company that works it would have people who do that for me , right ?
just ONE would be a lot of money, right ?
and money is what's needed
and ofcourse also :
https://youtu.be/0BTHoUMDYY8