Just thinking to myself after re-reading Isaac Asimov's Foundation Series. The tug-of-war between Hari Seldon's god-like predictions and the unexpected character, The Mule, kind of reminds me of Bitcoin and Steem's difference in contribution / reward mechanisms. Anyway, here's my brainfart on the fundamentals of moonification:-
Increasing cost of production over time. More difficult to gain, more difficult to sell cheaply.
Decreasing supply over time through transparent and mathematically-guaranteed operations.
Increasing demand and long-term holding over time. This requires network effects, growing utility, and market acceptance. It must be a platform that people can build stuff on.
Network must be secure. Unhackable, uncensorable, all the good stuff that provides stability to identities / assets.
Network must diversify its own investment. System requires possibility of breaking out of rigid, text-book rules. Reward all kinds of people (ok, or most). Exercise antifragility and trust the community to sort themselves out over time. Maybe reward more when it comes to market actors that improve signal to noise ratio, so the market will follow suit. Alright I'll admit this is entirely on faith in humanity lol.
Network should have zero transaction fees. Value is not lost arbitrarily as part of network operations. This network quality provides "savings" through long-term holding and frequent usage, driving use-cases and experimentation. Zero fees expand scope of market and productivity.
Network must facilitate fast transfers. More activities speed up network evolution, catching up with slow-moving giants.
So I guess it's just a matter of time for Steem as long as there's still a community using the platform. Bitcoin's proof-of-work, growing power demand, and simplistic protocol are good requirements for short-term capital growth since it's a contained "job scope". More order, less chaos. But it may miss out on the black swans that could only happen through proof-of-brain (assuming that indirect capital flow is suboptimal for a network). The same can be said of any base-protocols out there seeking to operate with some ordered, bounded, objective, non-social cryptoeconomics.
Of course, I'm totally armchair-theorising here and saying fluffy stuff along with the naive hope that chaos will work out some magic over time, so take my words with a pinch of salt. But in my eyes, Steem is beginning to feel like The Mule. An unexpected market force that could disrupt Hari Seldon's plans and predictions, the so-called "wisdom of the crowd" currently dominating the markets. It's my hope that Steem works in curating some of the best contents and accounts that could make all the difference in the world. #when-moon?
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