Steemit Inc has taken a big of a pounding on this platform and rightfully so. They consistently over promised and under delivered. As if this was not bad enough, their communication with the community was completely abysmal. Finally, they were completely tone deaf to the suggestions of the community, opting to ignore everyone else and do what they wanted.
I guess you could say the nadir hit in November when the cement slammed them in the face.
Since that time, the company was hard at work trying to behave differently. Yes, this was most likely out of necessity but the behavior did change. Nevertheless, the community, also rightfully so, is taking a wait and see attitude.
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Yesterday, @elipowell and @ned appears on the State of Steem with @pennsif. This was the second week in a row they showed up (or was it twice in three weeks?). This time, they brought one of the blockchain developers with them.
I must say, it does seem like, at least publicly, they have their act together. Eli is very confident in her answers and appears to have a firm grasp what is going on. Elevated to her new position just a couple of weeks ago, she is obviously still feeling her way through things. At this point, she is getting systems organized in a manner that will allow her to establish some consistency with her actions. This is extremely important.
Here is an example why communications and marketing people are at top of many companies. They understand their customer base, in this case the community. Consistency in communication is rule #1 in marketing. Whatever the tactic, you want people to almost be expecting it. This creates trust.
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As for Ned, he sounds more relaxed. Perhaps he is better suited to be away from the day-to-day decisions and operating from a bit higher perspective. This is not a slight against him: most visionaries are terrible managers. If he is indeed that, perhaps he can spell out his plans and have someone else implement them.
The developer laid things out in a lot of techie talk that went over my head. What I did catch was the fact that his estimates are that RocksDB will reduce the size of the nodes to 4GB to 8 GB. @aggroed said this would save 75% on his present witness node. Considering how many witnesses there are, this is an enormous savings.
Of course, the community is still going to be cautious. A change in attitude is only the beginning. We are still waiting for them to produce what they say they are going to. However, the fact that the communication is much improved is a start. Couple that with the fact the developer (and others) are making progress on the RocksDB after completing Hivemind is optimistic.
The winning back of some goodwill will occur when they release the post telling the community the conversion is completed.
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There was an article that talked about DApps and featured @dapp.com's Kyle Lu. It was discussing DApps and stated how they outpaced the applications bought in the Apple Store the first year it was in operation. According to the article, Apple did $4.2B over 65,000 its first year while DApps did $6.7B in 2018.
It is nice to see this although the numbers are skeptical. I was chatting with someone about this and he pointed out that most of the revenue from DApps are gambling and exchanges. He is probably right on that.
All that aside, the great part of this article is the fact that half of it highlighted Steem. There were some very interesting stats thrown out that, if true, could really tell a story.
One of the blockchains with momentum on its side is Steem, whose community has proven to be more loyal than the market cap would suggest. Nearly half, or 44% of Steem “wallet (account) owners are actual dApp users,” according to Dapp.com. This compares to 2% for Ethereum (ouch) and 27% for EOS.
Logic tells me these are correct, especially the Ethereum stat. We all know they have more developers than any chain yet their traffic is limited. In other words, they are building a ton of stuff that few are using.
As if that wasn't enough, there is this gem to put it in perspective.
Steem has a total of a few dozen dApps across gaming, video sharing, crowdfunding and more. This compares to 2,287 and 159 for Ethereum and EOS, respectively.
Can you imagine what this place will be like if we triple the number of applications on here?
All this shows the staying power of Steem and what makes this blockchain unique at this point. People are using what is being build on here. It is why this community is so strong. We have a vested interest not only as coin holders but, also, users.
Here is the article which also has a great video of @roelandp, the developer of Steem Wallet, which I suggest everyone watch.
https://cryptobriefing.com/dapps-made-more-app-store/
It is always nice to come across some positive coverage as we are marching forward. Steem is on the rise; it is only a matter of time before the rest of the world finds out.
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