[Discussion Post] What's coming next on Steem?

in #steem2 months ago (edited)

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Hello everyone! For those who are wondering, my first week of college has gone well! Anyway, I was considering making this the discussion topic last week, but I thought that something was going to be announced for sure. Since it has been a week, and we still do not know what is going on, I figured it would be a fun discussion topic. A lot has been happening on Steem recently. I will list it further down, but please answer the question

What do you think is coming next on Steem?


Please make sure to explain why you believe what you do, and feel free to respond to other people's answers with your thoughts on the matter.

Indicators to discuss

  1. The announcement of the partnership between Steemit and @just-defi - When this occurred, we were told further details would be out soon, but they have yet to be released.
  2. Steemit has powered down all of @steemit's stake - There used to be approximately 30 million Steem staked on the Steemit account. All of it was recently powered down over a 4 week period, and around 18 million Steem has been moved from the account.
  3. Code was added to the Steemit condenser file on Github - This code seems to suggest that Tron features will be added to the Steemit wallet, articles will begin to have payouts in Tron as well as Steem Power (at a rate of 0.2 TRX per 1 SP), and that a Tron tip feature will be added. Here is a recent comment by the account @spidemen who published the code on Github.

image.png

Please also discuss anything else you think is relevant. Some questions to answer are: What will arise of the Steem-Just partnership? How will the Steemit account's stake be used? What are your thoughts on the new code? and What do you think is coming next on Steem?

Thanks for your contributions!

Discuss away!

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What do you think is coming next on Steem?

This question is quite unanswerable for me now because I've noticed some changes too in steemit. The unusual cold nature of the @steemitblog account has left me wondering what's happening. Not until few days ago I saw the blogs on the @just_defi and @steemit going around.

I strongly believe that steemit is not crashing anytime soon. Yes it had some set backs or misunderstanding few months ago that lead to many users leaving to join hive but then it came back up again making people wish they never left.

Let's see how Tron reward will be inculcated along side steem rewards. I hope it's as valuable as steem because I don't know what it is.
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❤️❤️❤️❤️
Becky.

The announcement of the partnership between Steemit and @just-defi - When this occurred, we were told further details would be out soon, but they have yet to be released.

I think If everything goes well then this partnership will take steem on another heights.

Steemit has powered down all of @steemit's stake - There used to be approximately 30 million Steem staked on the Steemit account. All of it was recently powered down over a 4 week period, and around 18 million Steem has been moved from the account.

we can not predicate any thing about this because in at the end he is doing business and if he not make profit from that business there its no use of that business.

Code was added to the Steemit condenser file on Github - This code seems to suggest that Tron features will be added to the Steemit wallet, articles will begin to have payouts in Tron as well as Steem Power (at a rate of 0.2 TRX per 1 SP), and that a Tron tip feature will be added. Here is a recent comment by the account @spidemen who published the code on Github.

If we get some extra amount of reward for our work then it is good in my point of view.

you are absolutely friend.

Thanks for doing this, I wish I had a good idea on what is going on. However basically the only things I have to go off is the work being done on github. For the most part that development is slow compared with how quickly Tron seems to move on other things. I am not sure why that is or what to make of it. It seems there is basically one or two developers doing the work as it relates to STEEM, why? These sort of actions lead me to believe that Steemit (and hopefully STEEM) will be but a small part in Sun's broader ecosystem. Which is a shame because he should be posting on Steemit.com and promoting it but he is doing nothing with it, which again is odd. It's also odd to me that the TRX people will receive from posting is equivalent to .2 per 1 STEEM. Shouldn't it be the other way around with the price of STEEM more than 8x the price of TRX? Unfortunately I have a lot of questions and not many answers. Would be nice if they would say something about what is going on here.

I was hoping the power down was going to be used for liquidity pools relating to justswap as much of that steem that was sent to binance eventually went to Poloniex. We can be fairly certain he is not planning on dumping that steem on poloniex given how thinly traded STEEM is on that exchange. However, there is no guarantee that is what that STEEM will be used for.

One thing that gives me some solace is the price action. There has been and continues to be some large bids that continue to sit there on STEEM. If STEEM was truly dead those bids wouldn't be there. They have been there for months and I assumed were Justin Sun or his team. If they are going to support the price they must have a reason to do so. Hopefully that plan involves increasing the price at some point.

In my opinion and according to my knowledge , we all know that tron recently bought Steemit. Now if you have studied mathematics you might have be knowing about this relationship that:
if ,
"A" is directly proportional to "B"
"B" is directly proportional to "C"
then "A" is also directly proportional to "C" as well.
now in the recent times we saw that Ethereum network has seen quite a good hike in it's network for transaction fees.
This became the reason why so many projects started to shift their focus towards the tron network , benefitting the tron directly.
we also know that the new crypto SUN is being mined in it's first phase till 16 september using tron by staking tron.
now , can this benifit to tron really benefit steemit as well.
i guess yes , because steemit now belongs to tron and hence when tron is in benefit steemit as well be seeing some benefits as well.
That's it i hope i was able to explain my view appropriately.
Thank you.

I really don't any idea about how much this partnership of Just Defi and stem will affect STEEM but as we all know Justin Sun is a very good businessman and he will have something in his mind while making this partnership of @Just-defi and @steemit.

Steemit has powered down all of @steemit's stake
it's a normal thing when an investor does this thing but now we all need to pay attention to this step that how they use this step in the favor of the steemit platform because 30M Steem is a very huge amount but we hope that this step will also help to steem platform.

What will arise of the Steem-Just partnership?

I think it should be called the "Just-Steemit partnership" ; -)

It's hard to guess how these pieces all fit together. It certainly seems like the Steemit wallet is going to be updated to support tron transactions, possibly including: staking, account creation and transfers. It also seems likely that there's some mechanism in development to support tron tipping and to distribute tron in addition to Steem for post rewards. I'm assuming that's just for authors, but could - conceivably - also pay curation rewards, too. As I recall, that's already all in github. No idea where those tron rewards will come from, though. Some sort of Tron smart contract, I guess?

The power down is even trickier. Steem Air-drops to Tron token holders? (once you have Tron in the wallet, it may be possible to do that...) Funding the upcoming Tron rewards? Creating a TRC20 token that's pegged to Steem? Collateral for some sort of JUST-based asset? Or they could just be moving it out of sight so they can continue to fund operations without triggering a panic every time they power down? No idea, but I am optimistic that it will be used in a productive way. I can understand why they didn't want to leave it sitting idle on the chain when it was only earning like 3% APR from blockchain inflation. With powered up funds, if you're not voting or delegating to someone who is voting, then the asset is sort-of wasted.

Like you, I was expecting to hear more about the Just-Steemit partnership before now. A whole lot of JUST hype came and went already. Since @steemitblog hasn't posted in almost 2 weeks, I wonder if they're in some sort of "quiet period"... It would be strange to announce a partnership before a quiet period, though.

In short, it's a whole lot of "I don't know" and a good bit of "eager to see what's coming".

Steemit has powered down all of @steemit's stake - There used to be approximately 30 million Steem staked on the Steemit account. All of it was recently powered down over a 4 week period, and around 18 million Steem has been moved from the account.

it's a little worrying because we know in last steem hard forked millions value of steem transfer to a suspicious account after that the steems are transferred to there owners but this is one thing which makes people's worry, otherwise I believe that there is a great future for steem.

Just noticed that there's a new Steemit Dev Group community with this relevant post - TRX integration with steemit wallet.

Recently, we are trying to add TRX into steemit wallet. Those feature will not affect steemit community or ecosystem since we do not replace steem blockchain. Again, you guy still can do whatever you want on the steem blockchain. Beside, any steemit user can gain extra TRX reward, which may increase your outcome by voting or posting .

"What's next for Steemit?"
Well, considering it is impossible to pull your money out of this platform (no exchange still carries it except Bittrex and trying to sign in to Bittrex gets you a "this page is not available" message, and of course you cannot cash out any other way), and considering Justin Sun considers it acceptable to ban an account and seize the coins held by the user if he disapproves of a post, considering that he has managed to put a censorship regime in place that would make his Chinese cousins proud (all content even mentioning another blockchain is hidden), I'd say the future of this company is a handful of high-rollers will pocket what can be squeezed out of it quickly and leave the broken and withered husk to rot.
Steemit is already so shady no one in the West will touch it. The platform is dead and the company is linked to its vital signs.

Thank you for your comment. Maybe you should try getting your information from a source other than the Hive blockchain.

  • Steem is still on Ionomy. Also steemscan.com allows for conversions between Steem, Bitcoin, or Tron.
  • Hive also removed users' funds (I am one of those users, and I have been a loyal member of the community since 2016). Steem had an excuse to remove funds because those users were actively running witness nodes meant to sabotage the blockchain. My father and I lost our funds because we voted to keep both groups in a stalemate (and therefore maintain decentralization).
  • A lot of what you have said about Justin Sun is a propaganda narrative pushed by the Hive people. Most of the trending articles are in Korean not Chinese, and that is because the Korean community lost their funds on Hive (because they voted with the exact same strategy my father and I used). The Korean community has a lot of stake now because a lot of the biggest stakeholders left.
  • Steem does not censor anything. The Steemit API censors some things, but the censorship is not at the blockchain level. Hive also implores censorship outside of the blockchain level (see the fact that I am on two blacklists there because I posted several articles on my own blog complaining about the stealing of our funds, and everything I post is now automatically downvoted)
  • Hive intends to steal users' funds again hence the 30 day cool down before users can vote for witnesses. This gives the power brokers time to remove any threats to their control.

Steemit is already so shady no one in the West will touch it.

I was born and raised in West Chester, Pennsylvania (That's in the United States [which is in the West] in case you are unaware), and I have been here much longer than you. When you first created your account, I had been here for more than a year. I believe that Steem is the future. I'm sorry if you disagree, but Hive is much more corrupt than Steem, and time will show that Steem has greater potential for growth.

I am not going to vote for your comment because you showed no understanding of any of the stuff going on Steem. Your comment could easily have been written six months ago, and it would have been just as misinformed then. I invite you to look more into this matter, and perhaps respond with more current and relevant information for an upvote; even if you still disagree about the future of Steem.

Actually, that information came from right here on Steemit.
For example, the statement that Steemit can't be withdrawn, came from the fact that there is no button anywhere that enables STEEM to be sold except for a broken link to Bittrex (which isn't even accessible from most countries) hardwired into Steemit. The site does not even have a "send" function that enables tokens to be transferred to an address other than that exchange. How, then, do you try and claim they can be sold? Hard to shop at a store where there's a wall around the cash register, don't you think?
The statement about censoring any site mentioning another blockchain came from a press release by Steemit Inc.
Now then, as for "no understanding of any of the stuff going on her eon Steem," give me one iota of an indication that you have even a quasi-coherent denial of any of the cold-hard facts you just got slapped in the face with.
Any other half-baked comments in a lame defense of the current ownership's mafia-esque tactics, jackass? Or are you just going to say "hey, let's delete this guy's account for 'causing trouble' " like STEEMIT has already done with more than 500 others?

I am downvoting this comment because it does not contribute to my discussion (See the items which I listed in the article to discuss), and it is down right rude. This kind of rhetoric may be tolerated on Hive, but it will certainly not be tolerated on my post meant to generate constructive discussion. Please do not comment on my blog again unless you have something constructive to say in a respectful manner. Any further uncivil and irrelevant comments will also be downvoted.

I don't think you understand how to transfer coins out of your STEEM wallet, so I explained to you your options in another comment.

if you want to withdraw steem than you can visit wazirx

It doesn't matter if there's no way to send STEEM tokens to Wazirx, now does it? The "sell" button on the Steemit wallet leads to Bittrex, which isn't accessible from most countries, and the "market" button leads to Poloniex, which is in the same situation. And since the function of transmitting STEEM tokens to a wallet address anywhere other than another Steemit account was hardforked out some time ago, that pretty well closes the door on that, now doesn't it?

yes you are right my friend , it doesn't matter at all because of the reason that you gave. actually steem is considered as part of rapid listing initiative and that's why it's withdraw and deposit is disabled on many of the platforms. but then the last option is TRADING , if you have experience with trading you can trade steem for btc or usdt or any other currency.

What are you talking about? You can send your STEEM to a number of different crypto exchanges directly from your STEEM wallet. You say Bittrex isn't an option for you, there are a number of others that are including Binance, Upbit, Huobi, MXC, Probit, Ionomy, Gate.io etc.

STEEM will shine again

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