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RE: Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding.
What happens if steemit inc makes such a loss that they have to shut down Steemit.com?
That would pretty much be the end if understand you correctly, right? Because the other interfaces are not really ready to take over or can’t afford the full nodes needed.
Hm...
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No, Steemit inc doesn't own the blockchain. They do develop for it and own the website Steemit.com.
Everyone can setup a full node. And some have (previous post). So the blockchain will always be there as long as these nodes are alive.
But Steem inc. does own a lot of the infrastructure that apps use currently to access the blockchain.
I want to see this change. More decentralised. But it costs money. Being able to Generate revenue is therefor a must.
Yes.. I think part of the community would be really against accepting advertisement, but we have to see Steemit as a business.
Ideally the Blockchain and community could sustain itself by constantly adding value and keeping prices at a certain level. But accepting ads could be a great way to transition to that stage. It could be an interim solution.
Unless of course Steemians would be incentivized for allowing ads in their feed. Like the Brave browser does. A fair revenue share - then everyone would be for it, I guess :)
Posted using Partiko iOS
Those people have no business interfering when adults talk real business. Unless they're ready to pay up to cover the infrastructure costs themselves, they should shut up.
You can add value all you want but getting money out of it is the crux of the matter here. Advertisements or other type of paid promotion, subscriptions and tipping are the only viable long-term solution. Relying on a game of greater fools can work for while but it will end in a pile of rubble eventually.
That, and nothing less or nothing more, is what makes a blockchain-based solution like Steem unique. Distribution is guaranteed to be safe from the arbitrary dictates of a central authority. The way to monetize content is exactly the same as with traditional social networks. The only differences are in distribution and governance.