Re: What do you think of STEEM?

I am trying to think of a name for:

Quote from: myself

A very finely grained like-mindness, crowd rating system. With rewards to those who produce highly ranked content within like-minded coteries.

Is eSteem the best name for that?

Zuckerberg called it facesmash--but missed that it wasn't that users were rating girls "they knew", but that their ratings determined the outcome and gave them control of the outcome. He Also didn't monetize it, but tried to backend advertising schemes on it years later to the disappointment of his base (who were quite happy with free popularity grabs).

I named it coopital:

https://www.namecheap.com/domains/whois/results.aspx?domain=coopital.org

But I think there might be a catchier name.

Like steemit? The lead's there, anything you start will hinge on its failure, rather than it being supplanted by a better, but still similar, implementation. You also have to consider that a hundred other developers are chomping at the bit if this things looks the slightest bit wobbly.

But putting all that aside, what is coopital? I was thinking captcha.com would be catchy, but it's owned--though captcha.club is 59.99 and not so terrible.

Coopital is name for a cooperative DAO concept.

Btw, I just registered:

flockwi.se

But I don't think it is best name I could come up with for a STEEM competitor. I decided to register it as it could also be a better name than coopital for a DAO like concept. The wisdom of the crowd is the concept behind Steem.

But there is a catchier (shorter than Steemit) name, I just can't mention it yet, because we are negotiating the price.

Steem's design is failing now I think. You just can't see it because you can't see the attrition rate and you also can't see if long-term investors are buying STEEM POWER.

Even if the attrition rate is reasonable and long-term investors are buying STEEM POWER (and I don't mean users converting their payout STEEM to STEEM POWER, I mean BTC traded for STEEM powered up to STEEM POWER), there are a lot of people who did not get into Steem early enough and there was 80% mined to a few people. So many people are probably eager for something more fairly launched and especially if it has design that is doesn't debase medium-term investors by 100% per year.

Egh. Facebook's strategy was to go to the most prestigious universities first and create exclusivity (therefore demand), Steemit's strategy should be to create competition between content providers--which is what I think they are doing. One big name and this goes viral--why would that name enter the arena while they are in beta? That would be terrible planning. Work out the bugs, grab headlines and build from there. The great BTC nerdom is impressed that cute girls are signing up, how do you think they'll react when Beyoncé makes a post? I'm sure what your thinking is better, but unless you can go back in time with a team, you're probably out of luck.

But, please, please, if you go forward let your gf pick a name or something--they're never that great. You over think them.

Coopital and flockwi.se are names for a crowd funding DAO concept. They are not names chosen to compete with the name Steemit. Are you saying those are not reasonable names for a crowdfunding site based on cooperating with our capital and the wisdom of our flock in managing capital?

I already told you I have one domain name under consideration which is shorter than Steemit and much more catchy and simple. And no my gf didn't select it. She is sleeping.

It is not clear yet if Steem can cross the chasm from gfs of blockchain nerds being coaxed by their bfs to post on Steem, to a wider demographic. Remember Beyonce and professional investors measure importance in terms of the demographic's global share of the population. Blockchain nerds and their bitches isn't likely a very large share of the population.