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RE: Steem(it) Town Hall with @ned hosted by @aggroed and @llfarms and a personal perspective on the challenges we face.

in #steem5 years ago (edited)

I would like to see steemit.com run as a private for profit company with the intent of making it the best social site in the world, that just so happens to have one of the best cryptocurrencies attached to it.

Letting the steemit,inc team work on the steem blockchain and turning over steemit.com to a different team seems like the best approach to me.

And yes the selling of 800,000 steem per month has to stop.

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This is a model that I think would actually work, though perhaps not the only one: Split off Steem (blockchain) from steemit (social web site) each with its own funding and governance. Steemit Inc the for profit company can build and run steemit.com as one of the apps backed by the Steem cryptocurrency and blockchain, and a community governance structure and/or foundation can develop the code for the Steem blockchain.

I'm not sold on the idea of Steemit Inc developing the blockchain. Blockchains are inherently a community resource and a private unaccountable company developing them is always a bit of a strain. It can probably work with an excellent team and excellent management with the right vision and approach but that doesn't seem to be the case here and I see no reason to expect that to change in the future (beyond wishful thinking, which I reject as a plan).

I could get on board with this as well. My main goal was just that I would like to see them separated. I also would like to see them follow through with implementing some advertising and then maybe a revenue sharing model or some gamification of some kind to provide alternative revenue streams for users.

Agreed, talk about shooting ourself in the foot.

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