You are viewing a single comment's thread from:

RE: Steem delegation application form

in #application5 years ago

The reason we've resorted to implementing our own chain is that the Steem offering did not provide the required flexibility that we were looking for. For example, we feel it important that video creators are rewarded much beyond the limit imposed by Steem and our rewarding mechanism is also something which is similar to but not possible under Steem.

I don't understand what is missing on Steem. If the numbers you've provided on monthly visitors and user growth are real then there would be plenty of opportunities for you to monetize that traffic of which a portion of the external value that flows in gets added to the reward pool in the form of liquid STEEM tokens. Which can be distributed in whatever way you or the userbase finds fitting.

Sort:  

This isn't so much an issue with the user base and growth, while we have had issues with users gaining steem accounts, our primary concerns were related to on-going monetisation of users content (past 7 days), having a single liquid asset which would provide the basis for voting power and an ability to provide an uncapped voting asset.

We also took issue with the rampant use of "bidbots" and other activities which are almost encouraged in the steem environment. Through the remove of "delegation" features we are able to combat that and we can ensure that votes are cast by users as opposed to being paid for.

This isn't an issue of monetisation, as stated, it's an issue of flexibility and of the operations provided by the chain.

I don't understand what is missing on Steem.

It's not only about what's missing, it's also about what isn't working as expected. I wrote a long article about that : https://steempeak.com/dtube/@heimindanger/the-core-concepts-of-dtube-s-new-blockchain

plenty of opportunities for you to monetize that traffic

How? You want me to put ads? You want me to sell users data? Send aggressive mailing lists? Sell them Mene gold? Promote scammy ICOs? Honestly you're not the first to pretend that but I honestly think you have no idea about either the vision behind the project or the way 'monetizing trafic' works.

And yes we already onboarded tons of people onto steem through the years, probably more than any other UI apart from steemit. And sadly a large % of those many people got lost during the 2 weeks onboarding process. And even those who got past it, we lost most of them because of price and because the mechanisms just suck. Content is artificially boosted, top contents are not quality, community is just looking to earn.

Thanks for the reply. I will provide a more long-form answer to your question about monetization that is still aligned with dtubes vision (one that I mostly share and have supported). And yes, I agree with the last concerns. Although I think this can also be worked around on Steem.

I get not wanting to put ads, but funding through merch sales... yikes

People are supposed to host their own content.I don't understand the complaining here, just Fork DTube and build a true p2p system. If you are unsure. Funding can be had through donations of course, or you can build a paid app and a free app. Paid application has more features. Fairly simple to do.

doesn't matter how "fairly simple to do" it all is, no one wants an alternative to youtube if they gotta pay for it, that business idea will fucking tank, HARD.

also, the idea of having people host their own content is a bit iffy, but more feasible. and don't just counter with the "fork your own version" bs, i'm not the one asking for delegation. Why can't I post valid criticism? seems like something we should want, no, NEED, when people ask money.

"I don't understand what is missing on Steem."

Steem only believes in 2 million Steem delegation for video, they clearly don't believe video is the future. That is why more flexibility is needed, you need a more liquid reward system that goes all into video

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.035
BTC 91855.57
ETH 3115.84
USDT 1.00
SBD 3.14