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RE: Building Steem's Meme Community With Memehub
Honestly hadnt heard of memestagram until today. After reading the post of their announcement, here are some major differences I see.
Memestagram is taking 7.77% (STEEM) of author rewards for its service. We take 0%.
Its not accessible for non-crypto users.
ALL posts go directly to the steem blockchain.
They give upvotes based on a lottery, not merit based/free market like Memehub.
Their acct only has 1094SP to give out its upvotes, we have 67,000SP currently.
They are a lot more and more details than I laid out but I am sure they will become evident over time.
I’m sure many haven’t heard of them, seemed to lose steem after last years bear mrkt, while dmania str8 up died:
As for the rewards, as a developer I believe the 7.77% is ok and you should consider taking a share of returns yourself Incase the bear market returns. Developers should be compensated/incentivized directly, that’s JMHO
All posts should go directly to the STEEM blockchain, again, my opinion. Doesn’t necessarily mean it should be visible by every party on the blockchain.
The lottery thing is a handout, and another incentive to use the service. Totally negligible in my book as reddit/facebook/Twitter users who post memes are not incentivized by tokens and yet they still produce tons of content a la memes
Your SP balance irrelevant if you can’t execute on the project. Matter of fact all those numbers are mute...
Just bring your best game to the table and everything will be ok!
Don’t worry about the competition.
I’ll be testing this out tonight
🍻
Posted using Partiko iOS
It’s Friday. When I’m back home tomorrow, I will give a full response to this. Each point deserves a very serious response.
Okay, Im finally free enough to fully address this :)
- Rewards: You are correct that a project has to make money somehow for sustainability and maybe taking a percentage from the users is the right direction for some projects. But I personally do want to take from the users like that; I dont think it is good PR; it doesnt feel right if I can generate revenue through means that doesnt do that. Thats why I went with an Ad based model as the core, which is feasible for Memehub since it is not exclusively accessible only to steemians or even crypto users in general . I also have other ideas for future revenue streams that are not at the expense of users.
- Posts: I see several issues with posting directly to steem with memes.
- Not many people, or whales, are down to use their cherished voting power to upvote memes, even if they are OC and dank. Even if they do it once or twice; its not likely to be something thats done on a continual basis. If whales dont upvote your memes and its just small SP holders then u wont get much value. Thats where Memehub comes in, the memehub acct is the whale devoted to giving out steem upvotes for meme-ing.
- It restricts profit to the 7 day period. With the Memehub model, users continue to gain LULz indefintely for a meme post. So memes that end up at the top of the website on the global time frame will really get their worth.
- Steem values original content. Most memes shared on the internet are not being shared by the creator. Part of the reason I set up Memehub the way I have is to provide the natural habitat of memers that will mesh well with the way steem works.
- Lottery: The point I was aiming at earlier about this is that a lottery is not merit based or it wouldnt be a lottery. On Memehub rewards are not given out randomly, they are given out for merit. Whether the user posted a meme that made it to the top daily or they gained LULz by voting and commenting on memes. You are right that memers are not given any value for meme-ing on reddit/facebook/instagram etc etc and I addressed that in my post and propose we give memers steem instead of them just generating value for those platforms and not getting anything themselves for it.
- SP: "Your SP balance irrelevant if you can’t execute on the project" correct and I would say the converse is true so "If you can execute the project then your SP balance does matter" Memehub can be a great site but if we dont the SP to give out upvotes with a real value then it just defies the point of the project. Wait until everything is live, your meme makes the top daily and you get a 67,000SP upvote from the Memehub acct, then come back and tell me how moot the SP thing is.
Memehub is bringing its best game to the table. We are not worried about any competition in the meme space cause we firmly believe our design is exceedingly better and that that will play itself out over time.Bruh, lol, it's not that serious. I'm entitled to my opinions. Actually started to read this rebuttal then realized how long it is. Rest assured you wrote (all that) in vien cause it's Not gonna happen.
"gotta address this" lol, address what ? I was literally saying: don't worry just bring your A game 🤣 or...
Focus on your development.
Have a day
Im not saying u arent entitled to your opinions? I also didnt write it just for you to read, but for anyone that reviews the comments. You dont have to read it. The "what" to be addressed is the reason why our design deviates from the opinions you expressed.
O—K thanks for that then 😊👍🏽