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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?
Who do you think is attracted to the vapid "MONEY TALKS" blurb that jumps out at you when you visit steemit for the first time? Scam artists and super greedy types. This is one of the central issues in my estimation. TBH, if I had never visited Steemit before and all i saw was "MONEY TALKS", I probably would not even join. It looks scammy.
If i were in control, I would change that message to:
"Welcome to the New Gift Economy"
Leave it to Stella....I mean @slothicorn!
Very good point. Not only does the promise of free money sound scammy and attract people who won't add much to the community or the value of steem, it also causes unrealistic expectations leading to a bunch of inactive accounts.
Money should be the icing on the cake, not the punchline, we have so much more to offer as a currency, a platform and a community!
A community of shallow, money-grubbers, part-time scammers....ahhh....
Haha
Well sadly that’s largely true. I get so much spam on here
Sounds like a better graphic novel than social media platform
LOL I have to agree with the "MONEY TALKS" being super-shady. Nobody visiting Steemit for the first time will come away with a good impression after reading that. That slogan sounds like something Gordon Gecko would say.
I agree
It’s just cheezy
Agreed!
I suggest when we all share about Steemit to others (and I shared about avg now 1 every 2 days so I have enough practice to know this kinda works), I don't emphasize the money as much as the freedom and the ability to help others.
When they discover how big the money factor may be if they work at it, it's just the icing on the cake.
super-shady
The fact that they don't get this speaks volumes.
Bingo!
It sounds scammy, and experience tells me precisely who it attracts: A group of people I have come to think of as money for nothing seekers.
I found Steemit somewhat "late" (relatively speaking) and almost didn't join at all after seeing several versions of promotions all centered around Jeff Berwick's now-famous $40000 post. I looked at that and wrote this off as a lost cause.... I thought "These people are SO. FRAKKING, STUPID. to pitch that as a the primary attractor."
"Welcome to Steemit! Where 'Pay it Forward' is more than a clever saying!"
Scam artists and super greedy types. Loaded with these types here. . .
And the unofficial poster boy, drooling Youtuber, Jerry Scamfield is the biggest joke of it all. . Watch some of his videos if you haven't seen them already. . complete with bright shirts reading "Prayer" as he asks people to use his vote-bot with negative ROI.
Yeah, seriously. Constantly doling out big rewards to obvious scammers and morons isn't exactly helping on the marketing/PR front.
But...that doesn't have much relevance on the blockchain's capabilities, which should trump that stuff. So the question is still, "Why does it not?" Or is the fact that it's "based on" social media and is actually largely filled with the socially inept what's keeping it back?
IMO: Blockchain capabilities are an important point, but the website/ UI is equally important. In other words, Steem has unbelievable blockchain capabilities yet Steem acts as the fuel for a website that is slower than 93% of all websites in the world according to Alexa. Maybe the wonderful "fuel"(Steem Blockchain) is not recognized as a leader because it is currently only good for making sure a clunky second rate blogging platform is in existence.
Sadly that is true. Especially this past fall the site wasn’t even working at times. We need a fast site b4 any of these growing predictions come to pass
Maybe it all walks hand in hand.
Shitposting and scammers may not affect the blockchain's capabilities, but somehow they might influence the project's reputation. People are fickle... and often go more by rumors and reputations than by underlying facts.
I can't help but think somehow we/they jumped the shark by putting so much emphasis on the "money making" aspect of things. Simply put: it was a mistake... the sort of mistake people make when they are afraid (or too impatient?) their idea isn't good enough without a little misleading publicity.
Advertising "free beer and BBQ" will definitely fill a restaurant... but are those people the people you WANT there?
They all promise to be 'the next Bitcoin' when the only next Bitcoin is Bitcoin.
The analogy of next bitcoin is present scenario of bitcoin compared to the future scenario of a blockchain.
There has been numerous next bitcoin by that comparison.
So when btc was $1000, and Eth was $1-$5, they said Eth will be the next bitcoin. Do you think ETH now at $800 won't get to $1000?
As such is the logic of the metaphor.
Just pointing it out.
Here is the same logic as Eth that is relevant to our Steem scenario:
If you think bitcoin can get to $1million at say 20+million coins produced by then or whatever the timeline in decade+.
Then if Steem is the next bitcoin and we are just 20x more than bitcoin is total possible coin liquidity (assuming everyone powers down and trade Steem like bitcoin) at that point in time (say mid of next decade), then we will be worth around: $5,000 to $10,000 per Steem.
If you like I can do the math for you but I can see as a bitcoin fan you can easily figure that out.
Note for Near Future Comparison: We are only around 15x more (in liqudity) than bitcoin today, and say bitcoin today has optimistic 1 million real users (approximately over 1million bitcoin wallet exist about end of last year). If we get to 1 million real users in Steem in next 1-2 years, then our value can easily be justified as bitcoin divide by 15 without competing with bitcoin at all and using even today's number $18,000 bitcoin/15 is way-way greater than $100 per Steem.
Respectfully, even your account in a decade could be worth 6 figures, definitely in the thousands in the mid term, I hope you hold onto your Steem Power.
Truth!
They do effect it for sure. I e had friends give up on Steemit because they just saw and got spam all the time
Tens of Thousands gave up on Bitcoin, their story are all over reddit, but it's still $16,000 today.
And honestly for those who do figure out how to use it (especially if they find a niche and connect up with a few like minded souls) here on old beta Steemit, it's way more addictive than Bitcoin.
I was thinking along those same lines earlier today when reading a post. The scammers will detract from the site and as a member, I know they distract from my enjoyment when I am scrolling through new posts to find some content worth reading. I want to see the site prosper just as much as anyone, so I spend time and effort to post decent content and comment on posts that are worthwhile. I upvote every time I can if the content is valuable to me and I honestly gained something from reading. I think if we take the time to reply back to those who took the time to read our content and actually engage in interaction then things would pick up. I do what I can even as a newbie.
Agreed! I see so many scammers getting upvoted for literal spam
Rot at the top.
They have consistently chosen the crapitalust choices rather than favor the people.
You are correct, though.
Our utility should overwhelm the others, handily.
You want socialism instead?
I agree with your point here.
Not exactly.
This novel does a good outline: http://www.gutenberg.org/ebooks/25439
I want the end of rule by force.
We can figure the rest out once violence comes off the table.
Until dissent is valued over knobslobbing, this is what we get.
A bunch of knobslobbers rather than bald knobbers.
Not everybody is happy in a circle jerk.
Especially when ganging up disadvantages those that dont.
Low lifes have a chance of making big bucks here, which basically is a huge turn off to respectable creators....this could change with the right kind of people stepping up though. David Pakman is one who could really help with our image.
I was thinking of Tweeting something that Donald Trump might pick up so he can move his rants on here from Twitter. That would significantly increase Steemit's popularity.
Just wanted to share this with you.
Dash is long over due for coinbase. I’m surprised about Monero though
They could have at least called it , " Social Money" .
very interesting!
I see Steemit as a community. As long as it's small even a family. Maybe Facebook was a family but now it's full of every asshole in the world and some undersireables trying to scam and spy. Steemit is a family and we talk to eachother. I even helped a guy I don't know solve a immigration problem and that took some reading in government websites. Steemit is also entertainment and infohub where we can find all kinds of interesting information. And look we need money to survive, we are not hunters and gatherers anymore. We go to grocery stores and shopping malls. So it's nice to know that for doing the same thing you might have done on Facebook or elsewhere you can get a little contribution and maybe even thanks. Kind regards Stadex.
KEEP STEEMIN
I agree on Facebook
But sadly there’s plenty of those here already too
I could not agree more, you NAILED it right on the head. When you add a greed component it becomes Facebook on super steroids. Ego driven, money grubbing worms like Graig Grant make so annoyed...