What is Steem to you?

in dpoll •  5 months ago  (edited)

What is Steem to you?


I promised @lordbutterfly that I would write a post about Steem in an ironic fashion. This could also further upset @isnochys index if it ever takes off. Although the chance of that is slim to none. But anyways, here is a story.


Driving down the I-15 on a regular basis, I have noticed many different billboards along the way. Sometimes, I even use them as landmarks to help me locate where I am.

One of the more quirky ads are those from Domo Inc. Some of you may have heard of the company, but most people living in Utah have seen their signs. Amusing or not, they know their target audience when it comes to references.


The other day, I read this editorial and I thought it was the funniest thing. Why? Because I had no idea what Domo does as a business for the longest time. The number one reason was that I did not care enough to look it up. The number two reason was I still had no idea after reading Wikipedia. It doesn't get any better after I visit their website either. It's a lot to take in. I would imagine only someone on the "ins" would know better.

It's apparent that this sentiment is not good for its stock prices. Its 52-week range is between $13.28 and $47.08 and trading at $17.56 today. Sure, it's oversold, but where's the value outside of speculation?

What does this has to do with Steem?

Well, when it comes down to it, what is Steem? If you were to tell a friend, or a stranger, about this complex network, what would you say?

Is it a blogging platform for content creators in the most textual or visual/audio sense?

Is it a business network where "entrepreneurs" gather and be successful together? Points for understanding this reference.

Is it a crowd funding opportunity for the likes of @dlive?

Is a pyramid scheme where STINC and the early miners extract funds from idiots like us who bought in?

A place for games? Gambling dapps?

Or is this place a "shitpost haven" for those to gain extra pocket cash to invest in other meaningful things?

I'm sure many of you have seen some of @whatsup's other writings and pondered to yourself, what is the vision? If you haven't, you might want to take some time to think about it.

The lack of a clear definition of what the platform is, does, or will be is no different than the conundrum with Domo.

New Steem

The campaign is live and well. However, the most recent hard forks are only the beginning. This is an ongoing process. Consensus made changes to the economic incentives and added ways to fund development. The actual change to the ecosystem has yet to materialize. That is where you, the stakeholders, come in.

There could be so many directions and visions. Unfortunately, not all stakeholders would agree with them. Can they all coexist? Or is that an impossibility?

You can either view Steem as the Wild West and claim your rightful influence (stake). With your influence, you can effect the change you want to see. Or, we can all give up knowing the gridlock between stakeholders would end in stagnation and a slow death.

What is it right now?

On Coinbase:

Steem is a cryptocurrency built for social and content-based blockchain applications like Steemit. Third-party developers can leverage Steem for distributed content management and autonomous token distribution. Transactions on Steem are processed in ~3 seconds without fees.

Does that describe our current situation? Is that the vision? If so, how does the community want things to run? If not, is it only a script of STINC's vision?

But, what is Steem to you?

That is the most important question.


  • Whatever Steemit Inc. vision, or lack thereof, is

  • A secret government V2K experiment ran by @fyrstikken

  • A Ponzi scheme

  • A centralized network ran by @aggroed and friends

  • A blogging platform


  • A hipster's underground for content that wouldn't do much on mainstream media

  • A strange gathering place for those who believe in alternative facts/realities


  • I have no idea what the hell Steem is

  • Other (please specify)

Answer the question at dpoll.xyz.

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  ·  5 months ago (edited)

I deal with Steem the way I deal with rest of the universe...I try to ignore the unpleasant stuff. Since my years of formal work are behind me, I can afford that luxury.
For me, Steem is an opportunity that can be exploited by the same bad actors who exploit everything...but it is still an opportunity. Caveat Emptor--go in with your eyes open, risk nothing unless you can afford to lose it, and have fun on the ride. Maybe it will take you somewhere, and maybe it won't.
The only applications I use are Steemit and SteemSTEM.io. I'm having fun on both. I meet great people. I'm learning, exploring, expanding my horizons. At my age...that's a great thing.
Will I make money--not likely. But still, I may invest another couple of hundred. Who knows? There may be a future in this thing called Steem.

I wholly agree with your approach to this.

Voted for

  • A Ponzi scheme

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  • A Ponzi scheme
  • A centralized network ran by @aggroed and friends
  • I have no idea what the hell Steem is

You aren't the only one who doesn't know where this platform is going what it is.

Voted for

  • Other (please specify)

a way to earn more bitcoin by posting social content

And there's an honest answer. lol

Voted for

  • Other (please specify)

The definition on Coinbase is more or less explains what Steem is.
Steem is a blockchain with many applications (multiple use cases), like blogging (for example Steemit, Busy, SteemPeak, eSteem), video sharing (DTube), questions and answers platform (for example Musing), gambing dApps (for example Epic Dice), gaming dApps (For example Steem Monsters/Splinterlands, DrugWars, SteemNova, NextColony).
You can do a lot of things on the Steem blockchain.

Oh for sure!

But I guess most people in crypto aren't necessarily interested in the "mingling" aspects of Steem. For people like my friends, they either ask why use this alternative or what even gives random "tokens" value.

Those are not easy questions to answer for people who do not necessarily see the potential of crypto.

This comes back to the Domo analogy. I'm sure those who get it get it. But, for people who are not into it, it's a head scratcher.

Voted for

  • A blogging platform
  • A hipster's underground for content that wouldn't do much on mainstream media
  • Other (please specify)

Games! DAPPS!!!

I haven’t touched many games on the platform.

For me steem is a dev circle jerk and just infrastructure.
With this infrastructure I can use multiple platforms with just one account. Dont need to worry about censorship aaaaand Steem in general feels like aaaaaall forums put together into one platform. ;)

There are also cool people here and Idc about the financial aspects.

I often think these financial aspects, early Investors and ROI focused people hurt our Community and ecosystem more than it helps..

Posted using Partiko Android

I often think these financial aspects, early Investors and ROI focused people hurt our Community and ecosystem more than it helps..

There exist some truths in there.

Voted for

  • Whatever Steemit Inc. vision, or lack thereof, is
  • A Ponzi scheme
  • A circlejerk haven for whales and those who join @backscratcher
  • A strange gathering place for those who believe in alternative facts/realities

I would crank up SECI10 to 11 for you.

For me? I accept you.

Voted for

  • A blogging platform
  • A hipster's underground for content that wouldn't do much on mainstream media
  • A strange gathering place for those who believe in alternative facts/realities

Steem is a lot of things. Most of the options you mention are true from someone's perspective. I still believe it mostly falls in line with content creation. I think many want it to be a place for token distribution for value adding.

Voted for

  • I have no idea what the hell Steem is

Voted for

  • Other (please specify)

Steem is like its own internet society.

The economy of Steem is based on our currency STEEM and our interactions and behaviors are somewhat driven by wanting to earn it.

We have communities and groups and cliques like ANY other social-economic group.

These things are normal.

We write, play games, invest, save and spend together.

It is all working perfectly as planned it is just many can't see that because of the depression.

Hipster’s internet. Got it.

Voted for

  • A centralized network ran by @aggroed and friends
  • A blogging platform
  • A circlejerk haven for whales and those who join @backscratcher
  • A strange gathering place for those who believe in alternative facts/realities

I bet @isnochys was already TRIGGERED ;)

Let's have !BEER and hope it leads us to enlightenment

I’m down for more beer.

ok !BEER

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  ·  5 months ago Reveal Comment

prost !BEER

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Here. !BEER

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Voted for

  • A blogging platform

Voted for

  • A blogging platform

Voted for

  • Whatever Steemit Inc. vision, or lack thereof, is
  • A blogging platform

I'm sure many of you have seen other @whatsup's writings and pondered to yourself, what is the vision? If you haven't, you might want to take some time to think about it.

Hahaha :D

Posted using Partiko Android

Typo happens.

lol what typo

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Hey @enforcer48, here is a bit BEER for you. Enjoy it!

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Voted for

  • A blogging platform
  • A circlejerk haven for whales and those who join @backscratcher
  • I have no idea what the hell Steem is

Voted for

  • I have no idea what the hell Steem is

Voted for

  • I have no idea what the hell Steem is

Voted for

  • Whatever Steemit Inc. vision, or lack thereof, is
  • A blogging platform

Voted for

  • A blogging platform