You are viewing a single comment's thread from:
RE: Was the Launch of Steem a Scam or the Only Legal Way? - Thoughts on Steem by Charlie Shrem a Week Later
To me the real question is can we demonstrate that Steem Power is a good business investment and not just a potentially good speculative investment? I think we can with the right focus from whales, which I explain in my most recent post about 4 ways whales can help grow the market cap.
Whales almost make up most of what is the market cap. Whaledom is not about getting voted up, but having lots of SP, they are investors. They are the biggest content moderators and behaviour police. It is not about what the whale says but what they vote on that matters. Their effect on the ecosystem is big, and has an impact on engagement with the readers, with the interest that spreads from here to the internet. Fortunately the hard-working would-be dolphins and aspiring minnows who are out there marketing (see @xeroc's comment just above). Marketing people, we need them too.
Really Steem is a DAO, our product is media, but mostly textual, everyone here is not just an employee but to some degree a stakeholder. The Whales and the Devs are the two most important groups, but they need us little guys, and the competition that drives the creation of content.
I actually think, that to some extent the blogging/social media networking is largely and primarily marketing. The mechanisms of vesting are what makes Steem an investment. We minnows and dolphins, we are producing the material that helps get Steem noticed. The Whales mostly try to pick the best stuff we make, and as they do this, they distribute SP towards good content creators whose votes gradually increase in influence. If the mechanism works to elevate content that brings new users and triggers discussion, it also brings in investors. People need to understand that as an investor you get to add your influence to the marketing itself.
This is also where developers using the system to create more ways to access and interact with the data is so important, and why developers are amongst the highest voted single category of users posting. By enhancing the ability to access the material, we increase the chances of gaining more interest in the platform. Developers also can help with scaling issues relating to curation, like the filter and grouping systems I am working on.
I understand everything you've stated and agree, but nothing you've explained relates to my question, can we make Steem Power an obvious good investment?
This is the post I mentioned above that explains how I think we can make Steem Power business investment that will be highly desirable: https://steemit.com/steemit/@nathanbrown/top-4-ways-whales-can-increase-market-capitalization-of-steem-by-local-currency-expert-and-online-marketer-consultant#@wingz/re-nathanbrown-re-wingz-re-nathanbrown-top-4-ways-whales-can-increase-market-capitalization-of-steem-by-local-currency-expert-and-online-marketer-consultant-20160824t092235415z
The issues is "traction", I think. We still don't have the required traction so that marketing SteemPower as "ranking weight" on Steemit.com makes any sense. Holding SteemPower and voting on particular posts is like chaning the ranking algorithm (rather the weights) of the google search engine. Except that the search engine is a crowd of people and the weights are the SteemPower of those people.