Vlog 407: Steemit inc? what do you want to be?

I thought Steemit inc. was a blockchain development company.

After yesterday's post about changing the reward model or 'economics', I don't know anymore.

Maybe they are a social media company instead.

It's easy to see Steemit.com has a renewed focus for Steemit inc. Why? Well, it generates revenue and that's great. Every business needs to generate revenue.

But after 2 years of 'sunsetting' this place and not doing much with it, they seem to now have realized to grow this place it might need a different content discovery model.

And I'm talking specifically about steemit.com and not the Steem blockchain.

But at the same time, they say it's not a priority and SMT's have more focus! But why mention it then with two blog posts?

Right now our focus remains 100% on improving steemit.com, Communities, MIRA, finalizing the Steem Proposal System Hardfork (HF21 or the “SteemDAO”), and preparing to switch to SMTs. We do not have any plans to begin working on any code relating to these economic changes. But we do believe that this is a conversation worth having and one that we would be happy to participate in.

Linear rewards might not be the best for the content discovery but it's silly to say it's bad. Just look what's been build on Steem (the blockchain) with linear since it was introduced.

We have games, lots of apps and cool tools like Steem-Engine and freedomX and some apps are now considering jumping ship to get on board the Steem train.

If we didn't change to linear back in 2017 would we still be looking at the same authors trending as in 2016, today? Man, that's the stuff of nightmares.

STEEM as the base token should be linear. It's what you use to pay for the usage of the network in the form of RC's.

It can't cater to everything everyone wants to do with the blockchain.

And that's why we need SMT's. Catered specifically for what people want to do. It just makes so much sense.

I talk about it more in my vlog.