Steem - What I am Doing About It and How I Need Your Help

[EstefanTT]

You should page the whales you metionned to have their feedbacks.

Sent from my SM-G900F using Tapatalk

[oldman]

Steem is an amazing platform and I believe it is going to be big. Really big. Multi-platinum, eat-Facebook's-lunch big. The quality of the content has completely surpassed Reddit and the level of community engagement makes Facebook look like MySpace. And that's just a few weeks of beta and 20-30k users. In six months it will be a monster.

People are just delusional that Steem will succeed. It's a clear bubble 

It is a well planned and carefully managed bubble that is providing startup capital to tens of thousands of developers who will work their assess off to make Steemit succeed. I have been using Steemit for about a day and am both engaged and fascinated by the platform - and I despise social media in general. As an investor able to experience tech first hand I feel it has some serious legs.

But social media is a drop in the bucket compared to global finance and I am hunting bigger game - billions of value compared to hundreds of trillions in value. And in my mind Bitshares will do for global finance what Steemit is doing for social media. It just needs a jump start.

[oldman]

(..)
If we can get to the ~ 70,000 SP level I should be able to buy ~ 2M BTS per day. It's not much but if I am constantly spiking low volume exchanges people will notice. And considering the levels of liquidity on the DEX a million or so BTS per day will add up fast.

If the 70k is hit I will see continue to pump BTS and provide liquidity for the duration of the two year SP redemption period. Consider this a social contract, though I'm really asking for nothing more than votes from the community.

If we work together we can substantially increase BTS market cap (...)

While liquidity is in fact needed the way of achieving this goal, as described, isn't appropriate.

Yes, BitShares is hated for lack of Return On Investment, but it is well respected for transparency and stability. Let's not forfeit that with unnecessary and reckless action.


Things are getting much prettier than before without resorting to "pump&dump" methods.
I even think that no such or similar action is required, because BitShares is gaining traction on its own. Let's have a look.

For example:
- the recent post on steemit with screenshot how to trade is actually enough for people to look into trading with BitShares Decentralized Exchange.
- cryptofresh.com is an awesome block explorer and information page. I discovered it just couple days ago and seeing how smooth things works made me buy some extra shares with the thought in my mind  that we are getting ready for taking off
- Moonstone Wallet and PeerTracks are promising and BitShapphire improved a lot on quality of their work
- Xeroc takes care of python libs which allows programmers to play with bots and the whole precious thing we got here
- Success of steem.it is attracting more eyes to ByteMaster's genius work
- OpenLedger and ccdk are doing really great job of kick starting the business


These are things I noticed.
Let other notice and we are good.

ps Sorry for all other BitShares heroes not mentioned. There are more great contributions then that little list.

I completely agree with your sentiments, as I believe most of this community does. But most of this community, including myself, have held those same sentiments for many years now. Progress is being made and we have some of the best devs and technology in the business.

Unfortunately we need to pay our devs and it's going to take a lot more than $15M market cap to make it happen. Dan realized the only way to bootstrap a crypto project effectively was a run up CMC.

Bitshares has the potential to make a huge difference in the world, but only if it gets out into the world.

Steemit has provided us with the opportunity to secure new capital. If we work together we can realistically increase the market cap 2-5x over the next few months. That is 2x-5x more funding for developers, which I believe will get us over the hump and a lot of new functionality up and running.

Bitshares needs a substantial bump in market cap right now. Not next month or next year. I'm not saying that what Steemit/Dan did was the best way to grow a business, but I have learned that results matter. Steemit is getting results and we would be wise to follow their lead.

[vlight]

Steem is an amazing platform and I believe it is going to be big. Really big. Multi-platinum, eat-Facebook's-lunch big. The quality of the content has completely surpassed Reddit and the level of community engagement makes Facebook look like MySpace. And that's just a few weeks of beta and 20-30k users. In six months it will be a monster.

People are just delusional that Steem will succeed. It's a clear bubble 

[hammurabi]

(..)
If we can get to the ~ 70,000 SP level I should be able to buy ~ 2M BTS per day. It's not much but if I am constantly spiking low volume exchanges people will notice. And considering the levels of liquidity on the DEX a million or so BTS per day will add up fast.

If the 70k is hit I will see continue to pump BTS and provide liquidity for the duration of the two year SP redemption period. Consider this a social contract, though I'm really asking for nothing more than votes from the community.

If we work together we can substantially increase BTS market cap (...)

While liquidity is in fact needed the way of achieving this goal, as described, isn't appropriate.

Yes, BitShares is hated for lack of Return On Investment, but it is well respected for transparency and stability. Let's not forfeit that with unnecessary and reckless action.


Things are getting much prettier than before without resorting to "pump&dump" methods.
I even think that no such or similar action is required, because BitShares is gaining traction on its own. Let's have a look.

For example:
- the recent post on steemit with screenshot how to trade is actually enough for people to look into trading with BitShares Decentralized Exchange.
- cryptofresh.com is an awesome block explorer and information page. I discovered it just couple days ago and seeing how smooth things works made me buy some extra shares with the thought in my mind  that we are getting ready for taking off
- Moonstone Wallet and PeerTracks are promising and BitShapphire improved a lot on quality of their work
- Xeroc takes care of python libs which allows programmers to play with bots and the whole precious thing we got here
- Success of steem.it is attracting more eyes to ByteMaster's genius work
- OpenLedger and ccdk are doing really great job of kick starting the business


These are things I noticed.
Let others notice and we are good.

ps Sorry for all other BitShares heroes not mentioned. There are more great contributions then that little list.

[oldman]

For a brief background please read my post here: https://bitsharestalk.org/index.php/topic,22125.msg296501.html#msg296501

Short version is that Steem features a lot of innovations created by this community over the past three years and I strongly believe AGS/PTS investors should be share dropped, but further in-fighting is a waste of time until we hear from Dan.

Steem is an amazing platform and I believe it is going to be big. Really big. Multi-platinum, eat-Facebook's-lunch big. The quality of the content has completely surpassed Reddit and the level of community engagement makes Facebook look like MySpace. And that's just a few weeks of beta and 20-30k users. In six months it will be a monster.

Bitshares, on the other hand, is the ugly duckling of crypto. Complex, misunderstood, neglected and largely ignored. But with same heart of gold that is making Steemit fly.

To mature and blossom Bitshares needs DEX liquidity, a tighter share supply and visibility. There are enough Bitshare's community members that are now Steemit whales to send Bitshares straight to the moon. I don't know why this isn't happening. There are a dozen or so devs with millions in combined buying power - the DEX could be flooded with liquidity and BTS could be getting pumped up CMC just like STEEM.

I suspect for most noveau-whales the profits from Steem Power compounding far outweigh the profit that could be made trying to pump Bitshares or provide liquidity. This is perfectly rational and I would do the same were I in their position. As I am not, here is my proposal to the community:

1. I have created a Steemit account with user name of 'oldman'

2. 'oldman' will publish two to three blogs per week, or more if I can manage the time

3. I ask that all of the Bitshares cum Steemit whales 'upvote' my posts. Dan, fuzzy, riverhead, xeldal, arhag, onceuponatime, donkypong, xeroc, et. al I'm looking at you and need all of your votes

4. Everyone else in the Bitshares community that is not a Steemit whale, but would like to see their Bitshares investment prosper, please register an account and upvote

5. 100% of the rewards from posting will be converted to Steem Power ("Powered Up")

6. When the Steem Power balance reaches 70,000 SP I will "Power Down" seven (7) blocks of 10,000 Steem Power, one block per day of the week

7. This will result in a daily payout of STEEM, seven days a week, for a two year period

8. Payout will be used to buy BTS in the tightest markets I can find with greatest slippage, ie. every BTS buy will be a small pump that I will attempt to sustain as long as possible

9. 50% of BTS will be held

10. 50% of BTS will be used to provide liquidity on the DEX

From what I can see, if all the Bitshares whales upvote we should be in business with 10-20 posts, so maybe a month of 'blogging' is required to get up and running. I'm not sure one guy can make much of difference, but damned if I'm going to sit around and watch Steemit run into the billions while Bitshares languishes. We have built the best crypto-finance platform on the planet. Steemit is nothing if not confirmation of just how good Bitshares really is. But we need people buying BTS and we need liquidity on the exchange.

If we can get to the ~ 70,000 SP level I should be able to buy ~ 2M BTS per day. It's not much but if I am constantly spiking low volume exchanges people will notice. And considering the levels of liquidity on the DEX a million or so BTS per day will add up fast.

If the 70k is hit I will continue to pump BTS and provide liquidity for the duration of the two year SP redemption period. Consider this a social contract, though I'm really asking for nothing more than votes from the community.

If we work together we can substantially increase BTS market cap, and consequently provide the much needed funding for development.

I will also support any other community member that wants to join me in 'blogging' and using the proceeds to benefit Bitshares. At the time of writing 'oldman' has exactly 5.016 SP, so my voting power isn't much, but you're welcome to it.

Links to the blog posts will be posted in this thread for upvoting, as well as updates on SP balance.

Thank you!