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RE: Are Investors Looking At What Happens On STEEM?

in #dpoll4 years ago

I’ve honestly never understood the desire to cater to investors, it seems a “cart before the horse” kind of approach. Actual users should be the main focus as the value of any network grows in relation to its audience and userbase.
So that being said, I think dApp performance and number of users would be the core metrics any serious investor would be most interested in. By serious I guess I mean a venture capitalist with a multi year horizon who is looking for appreciation in the token value. The opposite is the more “vulture capitalist” types who seek to acquire tokens via methods that inherently devalue them.

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never understood the desire to cater to investors

I know, right. The prevailing sentiment has been just that and it's ass backwards.

Should be pushing for users first and then that's what will draw in investors or folks that want to benefit from our future sprawling platform (wishful thinking?)

But I also think the nature of the investor is important. It's obviously not great for Mr. Moneybags to join and create a vote farming network to exploit our vulnerable reward pool. Need good faith investors not just anybody with money to throw around.

In other words, less Bitconnect esque ppl and more crypto revolutionaries that believe in what this technology is capable of and uses their resources to help build the vision.

That's how I see it at least. Good answer!

Hey, @bryan-imhoff.

I think the question about pursuing investors plays to the identity of just what STEEM is. Some of us think we're a social media platform, others an investing platform, and there's probably another half dozen legitimate answers. You're looking at STEEM as a utility blockchain that can be built upon, and how that potential diversity of application can bring in more users than one single use case could.

So, I like what you're saying. I wish it were more venture than vulture, too, but we don't seem to be out of that cycle yet.

Yeah, I hate the mindset of “investors” who see ROI as token acquisition vs. raising the value of the token. Enough of that type of thinking actually creates a de facto Ponzi type structure... which is a good reason to discourage the wrong type of investors.