Why Dlive's Scam And Run Could Be The Best Thing That Happened To STEEM
I phrase what dlive did as a scam because that is what it was. Essentially it was a complete heist which few were aware of. The only thing I am sad about is that it seemed the application itself had some useful features.
It is now coming out that when dlive received the delegation from @ned, they already had $20M in the bank. This was from an ICO done earlier in the year. Also, the relationship between Lino and dlive is not as distant as it appears. We are seeing that many of the same people were involved in both.
Some are now upset that not only did dlive get a delegation but also had STEEM programmers helping with the application. This was done while knowing their intention to move from STEEM to Lino.
Looking at their account shows they are powering down 70K SP. This is a healthy chunk, much of it as a result of the SP delegated by @ned and Steemit.
Overall, I look at this as one of the best things to happen to STEEM. It really was a wake up call for everyone. There is a tremendous opportunity here for everyone who wants to participate. However, there are nefarious characters who seek to do damage in one way or another. I wish I could say that this was an isolated case but I am sure there are others among us.
The fact of the matter is there are a lot of very smart people on the STEEM blockchain. We see a lot of the ability come out via the development. What we have now is a bunch of very smart people who are also extremely pissed off. Personally, I think this bodes well for the future direction of STEEM.
Suddenly, if there was not motivation before, it is there now. I would imagine the innovation just kicked up a notch. People realize that this is a race and we best get moving. The success of this blockchian, in my opinion, rests, first, with the developers of the applications and, then, with those of us who market it out. Spreading the message is crucial.
STEEM is one of the best opportunities in my opinion that is offered in the crypto-economic world. However, it is not without some problems. The fact that highly intelligent people feel taken could be the incentive to move this to the next level.
We are under a week until Hard Fork 20 is taking place. This is something that is going to improve one of the main drawbacks to STEEM, the impractical sign up process. At this point, we still are in the stage where the developers are the ones making the difference. Nevertheless, those applications that implement the sign up process will immediately be able to reach outside the STEEM blockchain.
The future remains bright. One of the keys for all of us is to support those applications that have STEEM's best interest in mind. This can be difficult to decipher as evidenced by the actions of dlive. I do not believe too many saw coming what took place. Most of us were completely blind-sided. That said, there are many who are developing products on here that are fully committed to STEEM and creating currencies on here. This are firm believers in this ecosystem.
Overall, the basic mantra holds true for all of us. Focus upon growing our own accounts by commenting, upvoting, and posting. At the same time, support those applications that are supporting members of the community. Three that I regularly mention, @steemhunt, @actifit, and @dlike are already dropping tokens upon members who use their applications. These are send to a STEEM named wallet although the tokens are just in a database on their server at the moment. All three mentioned the SMT protocol with @steemhunt even announcing a date of release.
Hopefully, everyone is a little wiser today than we were yesterday. The evidence was there what was taking place but few were looking. I presume we, collectively, will not make this mistake again. Nevertheless, there is no point in living in fear. STEEM can weather a storm like this without missing a beat. That is something we all should be excited about.
There are still a ton of opportunities to grow this. Now, other applications have the chance to shine. We are a growing community and a successful Hard Fork will only enhance this.
We still have so much to be grateful for on the STEEM blockchain.
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