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RE: Comparing Steem Engine to dstors and dlive

in #steemengine7 years ago

Great feedback. Thank you for your comments I hope you die in a fire.

As I mentioned on the State of Steem broadcast on MSP-Waves making software and physical products is an inherently different process. With products you have to ship something that's perfect and 100% finished so the public accepts it. With software the goal is to get the MVP out and iterate on top of it (assuming anyone is interested). I think we have a great product here and one that's going to make people a lot of money, but agree for sure that on the very first day of this thing going public there's still room for improvement and new features (Dex and Distribution are next).

You do seem to recognize these things with inclusion in your post words like "yet." So, this previous comment isn't necessarily directed right at you, but in fact towards the readers of this post.

The revenue model goes something like, sell a dirt cheap token and make a lot of money selling legal services around it. Prices are still getting determined, but the legal registration stuff is likely to come in between $10-20k. This may sound like a lot of money, but compared to the upside it's tiny. I played a lot of poker in my life so when I thought through doing the exact same process with Steem Monsters I thought "I'll bet $10k that if I can legally raise up to $5M/yr that I'll make this money back and then some while also not risking clawbacks, fines, or going to jail." If an app and a team are any good then your pot odds are fantastic.

Additionally, the token creation itself is cheap, but we're looking forward to selling optional services for initial and ongoing distribution. These are things that have to get done, but don't have to get through us. We'd just be providing a service and a trusted place for an active key running some scripts.

If all that fails we'll sell vapes on the site.

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Yep, I agree. If someone produced exactly the same MVP as you, but only backed it by a simple database with no plans for a true sidechain or smart contract, it would still have loads of value.