RE: Why am I still on Steem after 2 years?
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Dear @culgin
I wonder how many people who started around same time (2 years ago) are still around, and how many gaved up. Within 2 years on this platform we've witnesses many users coming and leaving and very few seem to be still active the way they used to.
I'm personally very glad to get to know you. It seem that we both started our adventure with crypto around the same time. right before latest crash on this market. Just like you said: the past 2 years seemed like a disaster.
About Narrative and Steem/steemit. I think that steem blockchain won't shit down the way Narrative did - however I wouldn't be surprissed if STINC one day would shut down. Blockchain would survive, but steemit as a social media platform may be closed one day. And that's a real threat.
Key reason is that Steem is much more decentralized and open-sourced
Kind of. Again: if STINC would fire all developers and would stop their work, then steem as a blockchain would also rather die. slowly. Without any progress I cannot see it any other way. Anyway that's just my own impression.
Most people who do not understand Steem well enough still thinks that Steem = Steemit.
Practically - does it really matter? Steem is a blockchain (database) and steemit is front-end.
For regular user it simply doesn't matter.
It's like trying to explain that 'facebook.com' is just a frond-end but their engine and data-base is called differently. One won't exist without the other. Steem in current form would have pretty much no value without Steemit. Trying to separate those 2 make only sense on paper.
And what really is "true value"? Price is reflecting always relation between demand and supply. Even best apps in the world have no value if there is no demand for them and utility of this app is very limited. I would say that currently steem is still overvalued. It simply doesn't provide any utility at all (except of instant transfers) for majority of users.
But again: this is just my own opinion. I wish to be as optimistic as you are. Personally I believe that this place is great to get to know valuable people, but I just don't see many reasons why would price of steem go up anytime soon (not even SMTs or communities can help much, since those tools are almost free so it will be very easy and cheap to fully satisfy demand for it).
Upvote on the way :)
Piotr
Well, the comparison with Facebook is precisely the most telling difference between Steem and any centralized social media. Steem can technically exist without steemit.com, but a Facebook database has no use with out Facebook.com. Separating the data store and the front-end makes a lot of sense if your objective is to have a censorship-resistant, open and permissionless platform.
Value comes when there is adoption. Remember that you need Resource credit to perform actions on this platform and RC will only be available if you have Steem power. Hence, by inference, when there are more activities on the platform, more RC will be required and as a result more SP is required. When there are more people holding SP, naturally price will appreciate.
The utility Steem brings is a censorship-resistance, openness and permissionless. None of the content platform out there can say the same. The value of Steem might take a long time to realize, but from what I see, with technologies such as AI making surveillance and censorship much more prevalent, Steem will be able to earn its place in the future.