I'm probably the only person able to comment on this yet, having read it already.
It's amazing. Make sure you actually read this one, even though it's very long!
If we do not wish to see Steem suffer the same exchange-delisting fate as Bitshares, we must seriously consider Jerry’s proposal. If we choose to reject it, we should have solid reasons for our decision as a community and the ability to show that we gave the idea its due consideration.
This is Jerry's most important post yet.
I agree that this is Jerry's most important post yet. A Budget proposal system allows people to come up with all sorts of improvement concepts and let them compete against each other. Steemit really has no buzz going around apart from steemit itself. Nobody is using reddit or and except for the Facebook promotions and YouTube from Jerry and maybe few more people, we have nothing going on on social media.
According to Google trends the interest peaked around June and currently we are at about 50% of that peak. We really need that buzz and a budget proposal can seriously help that. I've seen lots of crypto related video ads on YouTube. We should totally do that for steemit.
though I agree to your points, what about user engagement ? I think the user engagement of Stem may be more than facebook during its glory days. Though user retention may be twitterish. (i meant very low)
Yep. You nailed it. Only a MMO is more engaging than steemit. Not only the community is the single best mass online gathering on the face of Earth; you also get STEEM for your contributions. Even when it's just a few cents, it's still a incentive and it creates a push for quality. Facebook never had a push for quality. Likes or bad comments or downright trolling had no objective consequences. Steemit fixes that.
Quality requires a certain kind of commitment. That could affect the retention. Sometimes I feel like posting something and then back away thinking it might not be good enough for the community. There is a pressure to be great. Also the community has a very small set of interests. Cryptocurrency, individuality, philosophy, travel, technology, psychology, free markets, libertarianism, economics..... things kind of fall into a small set of categories which limit the audience. That's not entirely bad. I mean we don't need liberals and SJWs here, do we?
Some might just make an account and leave it being unable to connect with the community well. I personally hope steemit will never be cursed to grow as big as Facebook as it would diminish the quality of people on steemit. I think steemit has a vibe of productive elitism to it. That's what attracts me. There is no room for cheap stuff. When people have nothing much to contribute, they may simply decide to stay in the sidelines.
good points. The retention seems to a problem because of bad UX. What I feel is the company is more focused on the blockchain and give the UI part to organizations like busy.
I got used pretty quickly. There used to be some problems with things not getting posted or getting double posted etc. DTube can do hell a lot smoother and better. The recent improvements are nice except for the logo. https://steemit.com/steemit/@happymoneyman/3-problems-with-the-new-logo-a-critical-review
At the end of the day it's the fundamentals that matter the worst. Overvalued companies never end well. Undervalued ones at least have a chance and they don't risk being a disaster. Steemit is pretty young. It'll improve. I'm more interested in getting new valuable users. Maybe we'd find good UI designs from them.
I'm pretty sure steemit UI is much better than reddit.
like snap ? :)
I also think UI is fine but when it comes to the UX, it has basic flaws. for example, look at the empty space to the left of this post.
I consider SNAP, TWTR, Uber to be more like charties because they bleed money while providing a service to the customers. I meant the companies with high P/E like Netflix or a crypto like BTC.
The empty space and the long comment threads breaking into different pages are both things to consider. Best discussions can get into multiple pages and most people are going to miss them because they won't be clicking to view the rest of the discussion.
Comments should be given more space. It makes reading easier and instead of reducing the width of comments significantly, they should try some lines connecting the discussion like a thread. That would be really helpful.
It was nice to chat with you. Upvoted and following!
checking the video @vimukthi
also see this :
This is an incredible post by Jerry. I find it remarkable that he is perfectly right to be able to write this pitch and the accompanying white paper, having experience it already with DASH. I'm quite grateful that Jerry has made his investments of time, effort, experience and money so that he could put this masterpiece of thought together. There is no question that we need this idea of budget funding. It's difficult to argue the downside. Thank you for reviewing the post/white paper and encouraging Jerry.
What will it take to actually implement this?
Now you've made me feel bad that I wasn't able to push through, so I'm going back to finish reading it. You're just mean to me, lol.
Ok, took me about an hour extra but I finished it.
https://steemit.com/song/@bhagyashri/highly-viewed-popular-song-155m-views