Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
iamnotback
on 25/10/2016, 04:48:34 UTC
We'll see if I am wrong when the first batch of serious ecosystem projects for the Steem blockchain are launched (again I am expecting the voting reward model and the 40 whales top-down control will limit the range of ecosystem projects).

Well the SteemStays appears to be promoted today:

https://steemit.com/steemstays/@steemstays/steemstays-an-accommodations-marketplace-on-the-blockchain

The main feature improvement as compared to Airbnb is lower fees.

But here is what I mean by I don't think the Steem whale (mathematician) @complexring and those other Millennials (who are inexperienced in Internet marketing) understand the hen-or-egg dilemma. Nobody is going buy STEEM to go use Steemstays, and nobody is going to use Steemstays because it will never have enough listings.

Sorry IMO that has FAIL written all over it (regardless of whether it is well programmed and designed).

The mistake they've made is that the demographics of those who have STEEM doesn't have economies-of-scale to target it with a service that only 1 in 100 Steemians would want to use if it had enough listings and which only 1 in 10,000 Steemians will want to use because it won't have enough listings because there isn't enough economies-of-scale.

You simply can't fix Steem with these amateurish and low capital ecosystem investments.