I heard, via @pennsif, that they have also withdrawn some big delegations from projects. I appreciate that they have to secure some income, but a simple statement to the community that's not hidden in a memo would be appreciated. STINC losing the trust of Steemians is likely to be bad for all of us. Despite the lack of activity from them things had been looking fairly good with all the dapps, but for now we still need that core team to work on the blockchain.
Right, forgot to add that:
https://steemd.com/@misterdelegation
This is actually great news to me. STINC had no business delegating millions of SP that they said would not be used for voting. All it did was massively dilute all other user/investor influence on the platform.
I hope they pull back every bit of delegation they’ve given out. That might actually restore some trust/confidence for some people.
I know that more than 500 artists. producers and musicians were posting regularly through @dsound , so it's gonna probably discourage a lot of people to post. It will have a very negative effect in the long run too. It all depends what you enjoy doing on Steemit, but for me it's essentially a way to show my music, and connect with listeners and other artists...
Dsound should find a better way to reward their users that doesn’t depend on a horribly mismanaged central entity footing the bill at the expense of the people invested in this blockchain.
All app developers need to assume their own risk and not continue socializing it for their own benefit. They’re going to realize that it won’t actually help anyone due to the disincentives for investors...which is already pretty obvious to most of us who comprehend economics.
Just take a look around and you’ll see the effects of supply without demand and rewards without risk.
We were chatting on DIscord about ideas to reward the users/listeners, it was quite interesting to see how everyone came up with good stuffs, I think at the end of the day the next few weeks will determine if a big chunk of the musicians will stay on Steemit or migrate...
I saw it at Steemfest, there's very little demand for music on Steemit, that's quite deplorable
I love DSound as well-there is a lot of drama here on Steemit, let’s hope for the best. ✌🏾
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You have to support projects since the 1.That stake is premined and they have no business holding so much STEEM and 2. Most platforms have a hard time competing since STEEMIT has no beneficiary fees.
If they burned a part of the stake or added beneficiaries to STEEMIT so others can compete for users then id be ok with the canceled delegation. They seem to still be uninterested in making any smart moves.
It wasn't "premined." But it was mined for a specific purpose and has so far mostly not been used for those purposes. It was specifically stated that the stake would NOT be used for voting on the platform. So, they get around that by delegating it to other projects of their choice to be used for voting on the platform? The effect on users/investors is the same and contributes negatively to demand for STEEM and SP.
Well, that sucks for the other platforms. Maybe they ought to figure out different revenue models and create interfaces that are actually appealing to users that aren't already in the Steem bubble and mostly just looking for more ways to acquire and dump tokens. Because other interface developers aren't good at meeting demand and creating appealing products isn't a good reason to go back on your word and dilute actual investor influence.
They'll never do that. I've been banging that drum for a couple of years now. They don't care and most of the platform has the same failed mentality of "Delegate to projects, guys!" You know...the stuff that consistently makes STINC look terrible/incompetent (because they suck at making good decisions with their stake) and drives away good investment.
I think it's more than being "uninterested." They're just wholly incapable. I would support protocol changes that fork all official STINC accounts out of Steem.
That's the fork I would be glad to see!!
Well, it kind of was. But lets say it was ninja mined unfairly.
The fork would be a huge risk.
it would work and dont see much risk for whoever implements,
also i think it would be very popular due to
this would have to happen before steemit inc accounts have powered down moved and sold so within 3 months
here's what they did exploiting system with stake to farm millions of SP god knows how much they've taken through upvote bots and various anon accounts farming
for a fork to remove steemit incs influence to succeed would need to remove all steemit inc farming accounts also as a significant amount exists with them
I am 100% agree with you Dear @therealwolf ,If @Ned has something positive for the steem and having some possible proper reason for withdraw he must reply to there millions of question bu i am sure He has Something wrong in his Mind that why He is silent at all, I am not sure why he is not responding to All question , he created this community So he should take care of every person How we will promote this community if we are in Doubt?
And do not need to flag my comment any one i am just saying what are doubts are in people minds , I saw most of the steemians bought steem at a price of 4 USD 5 USD what about those people ?
Its Not a game its a real life matter :(
That's going to hit those guys bad. I wonder if there was any communication about it. I hope they keep supporting the anti-abuse projects.
They are still supporting a lot of other projects:
Does spaminator really need ~3 mill SP?
Do we have that much spam around? Just curious
Yes
You’ve been saying that for months you half baked retard.
Take your empty threats and shove them up your dads asshole with your tongue.
You have been flagged for posting ignorant trash on our blockchain.
Kindly piss off and GFY.
!popcorn
Oh there is plenty. I can see they are constantly flagging, but they are still at 100% VP, so maybe they can manage with less. Steem Flag Rewards could use some more SP to support flagging of other abuse. Do bittrex really need any? They have 30 million Steem!
bittrex is like 10k, i don't think it even qualifies but they may need the RCs for transactions or something. dunno.
But why steem supports private company? They want to trade steem and get profits from fee? They should invest something.
Haha. Definitely not. Not even close to that. At this point its just stake that does nothing so it doesnt bother me much. But they could probably do with 1/10 of those 3 mil.
Or even fund 3 - 4 other projects too....
I thought it is way too much in the first place, that's why I asked..
Sure.... But funding another project that uses the stake drains the reward pool. The delegation sitting in spaminator account is the same thing as it sitting in one of the steemit accounts. It does nothing.
Double Yes !
There is a fair bit of Spam around, thankfully much less than pre-HF20 though.
Ffs isn’t there a way to remove their (delegated)sp so that their RC’s are not enough even for a vote...?
I guess I am lucky I have no visits from them😂
Not quite sure I understand the question. We talking about Steem or Spaminator, or spammers?
All delegation can be removed but whoever delegated it, but I am not quite sure what you are asking.
I think @themarkymark can give a proper answer to @mindtrap's question.
How else would it centralize so much power in the hands of corrupt few?
https://steemd.com/tx/3c0d9693a3a7577725957b37a8a3cf4c100e8156
Merry Christmas to you. I hope you found happiness somewhere other than Steem..
need to add actifit to list
I hope they keep most of those going. They should be delegating to those who are short of SP. Not sure bittrex needs it when they have 30 million they could power up :)
I think steemit shoudn't suport private exchange. They get enough money from fee. But That 30 milion os steem is mostly other ppl steem.
I guess, start panicking if you see more of them lose delegations?
Panic? why?
For fun.
lol
seriously not sure how to feel about all this.
Doesn't seem that musing knew about it.
@jonching seems to be very surprised about this!
I hope @ned @steemit or @misterdelegation redelegates to @musing.
I love @musing and think they can build a profitable business, and the delegation can give them a head start!
Well said @steevc I have been very busy as if late, so haven’t been blogging as much. It seems every time I log on there is new drama 😊
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Steemit are doing stuff, but Ned needs to show his face a bit more.
Here are my 2 cents...
https://steemit.com/dsound/@prc/dsound-is-this-the-end