RE: RE: MEOS ... June 1st ... The STEEM/Steemit Killer
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RE: MEOS ... June 1st ... The STEEM/Steemit Killer

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blockurator@blockurator,

That a Facebook/YouTube alternative where you get paid to create, comment and curate ... is a HUGE idea.

This is a silly and ridiculous goal. Such ambition generally doesn't succeed. Facebook didn't overcome MySpace by focusing on being the largest social network and Google didn't overcome Yahoo! by striving to be the biggest and best search engine. Each has a product and focused on making it the best product it could be for the era in which it launched. They succeeded on those terms and the marketplace responded.

Block ... metaphor. Most people don't possess your encyclopedic knowledge of digital history ... I was going for close-enough gist. "A text and video based social media platform where one is compensated for content creation and their contribution to the curation process." Yes, that's more accurate ... but it's much easier to visualize, "A Facebook/YouTube alternative" as most people intuitively understand approximately what that would mean.

Word of mouth is still the best advertising. EOS can throw millions at advertising, but if early users don't get passionate enough to do some evangelizing, it won't go far.

Absolutely correct. I was a sniper. I believe in aiming. Machine guns make for good movies ... but are notorious for, most often, missing their targets.

Hence my suggestion to dan@dan to consider an "EOS-for-STEEM Swap." Steemians are THE primary group of initial users he should be targeting (they are the choir who already believe what he's preaching) and the marketing knock-on effects of providing them with a highly functional crypto-backed social media platform ... where their post payouts are not dramatically diminished by Manipulation (hence, a raise) ... could be akin to unleashing the Kraken. I know I would be in a state of near delirium ... and I'm verbose.

This is Narrative's dilemma. They're so focused on development (and actually rolled out a product too soon) that they can't see the forest for the trees. No one is promoting the platform...

How many times have you heard me opine that what cryptoworld needs is to start hiring "gray hairs with business, but No IT experience?" The skew towards "computer stuff" is so extreme that it borders upon the delusional. And, there seems to be little understanding that their "take on reality" is dramatically different than that of their prospective customers (regular, non-tech people). Indeed, they often sound like religious zealots (perhaps more specifically, "cultists") and hence my repeated reference to the problems being created by "ideologues."

In the real world, "Build it and they will come," is a strategy that almost never works, a fact that older and more experienced business people could have imparted.

I care a great deal about which blockchain is first to secure a functional derivatives market (call and put options).

This alone won't attract institutional investment, however, it could spur things on at a more rapid pace.

Block ... derivatives (specifically, call and put options) will be like a country acquiring nuclear weapons. The difference between the "Have" and "Have Nots" will be the difference between night and day. I refer you to an article I wrote on the subject. Make sure to read the comment/reply thread between myself and cryptogee@cryptogee in the comments section.

https://steemit.com/steemit/@quillfire/derivatives-a-series-about-fixing-steemit-part-3

I couldn't care less about how many DApps a blockchain has.

This is something that an institutional investor would care about. The ability to create Dapps is a part of what drives the crypto economy on a blockchain like EOS.

I said I didn't care about how many DApps a blockchain has ... because 99% of them will be commercial failures. I DID NOT say that I did not care about a blockchain's ABILITY to create DApps. The former focuses on present reality, the latter on future potential.

Having spent 20 years dealing with institutional investors as a hedge fund manager (they were my clients), I submit that what they'll be most interested in is whether a blockchain possesses a "successful core product." Institutional investors are not venture capitalists. Once a core product has proven successful ... THEN they'll become interested in the future growth potential represented by the ability to spawn a plethora of DApps.

It's about CYA ... if an investment goes south, the decision-makers need to be able to say, "Hey, it's not my fault ... it was a going concern." Indeed, hundreds of poorly-performing DApps would actually HURT a blockchain's chances with such investors as everyone would be focused upon measuring WHAT IS (actually bad) vs dreaming about WHAT COULD BE (potentially positive).

So, if you can't do something right, don't do it at all. Half-assed will kill ya.

dan@dan has said that MEOS will have the ability to import content from other platforms (and I presume that specifically includes Steemit). I don't know about you, but I'd be thrilled to get a second chance to get paid on my Steemit posts. And starting over ... if large numbers of Steemians open MEOS accounts, your Steemit network will remain largely in tact following a move.

If this happens, it could lead to a mass exodus. Some quality users could certainly transfer their STEEM to EOS, and if EOS makes it easy to move SP out of STEEM wallets and into an EOS wallet, portability will be less of an issue.

So, I advised dan@dan to think like Napoleon. You've been a military officer. If you were in his shoes, would this not be the primary thrust of your attack? Secure the Steemians. It would be mine. Go for an easy and early victory and hope that that creates momentum, a self-fulfilling prophecy, so to speak.

Quill

@quillfire: @blockurator, | Ecency