Steem is really make or break right now.
If it fails to attract a bigger user-base, then the coin won't be worth much.
On the other end. If Steem does become a big medium, like tumbler / twitter. Then we will probably see triple digits.
Steem is really make or break right now.
If it fails to attract a bigger user-base, then the coin won't be worth much.
On the other end. If Steem does become a big medium, like tumbler / twitter. Then we will probably see triple digits.
I am not sure where you get this from @fechaugger it is attracting a bigger base exponentially on a monthly basis make or break is a little over the top? Make me understand your thinking? Cheer$:)
This is daily active users
That's not exactly growth. There are a ton of bots on Steem too so you can probably downgrade those numbers by 1/4.
Well I'm a developer, not a economist. So I only use my common sense.
We have some great writers here on steemit, that really deserve the reward they get. But let's face it: there's also a lot of bullish posts and comments that somehow still earn a lot.
While I'm happy for these people, that they can make an extra buck using this platform. But the following has to be said.
The reason behind the reward pool is, that the content we write has a certain value. And by adding new content. The value of the Steem block-chain increases. Hence giving the reward pools the ability to 'pay' the writers.
If too much of the reward pool is accredited to posts that don't reflect their 'value' in a economic sense. Read: make non Steemians come to this platform, read articles and give the platform a reason to exists. This platform won't continue for long.
Of course here on Steemit we vote with our 'hearts' and not based on the fact when-ether a blog post or comment is economical viable or not. But if the value of the payout is greater than the value of the newly created content. Then the sustainability of the platform comes at risks.
What needs to happen for Steemit is that we attract a broader user base. Which then needs to write/photograph/draw/paint new quality content. That is also useful for people who aren't here on this platform.
So that non users also have a incentive to come and read blog posts here. (Giving the platform value).
We aren't the central bank, just because the reward pools assigns a value to blog post. That doesn't mean that this value automatically corresponds with it's 'true' value.
TPO.com was a platform with a similar concept as Steemit. But the 'revenue' goes to charities assigned by the users. Sort of a non-profit facebook. But never took off. While they even had some influential people on board like Jimmy Wales, founder of wikipedia.
Well written and understood. Next question you say non stemians also need to have access to the blogs? They do technically but just can't comment and vote etc?? Cheer$:)
The blogs are publicly available, and indexed by Search engines. Like Google, Yahoo, Bing and Duck Duck Go.
Here's you are
To vote and comment you do need an account. Every upvote and comment is part of the Steem blockchain. So comments written by visitors would cause issues.