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RE: Why Social App Developers Should Avoid Protocol Development, and Vice Versa
Hi Andrew,
Thanks for this... it's definitely interesting to hear things from your perspective.
I've often wondered this, and I hope it's not rude to ask, but what revenue streams would Steemit Inc have as protocol developers? Would it solely be the conversion of Steem to fiat to pay the bills, and would that Steem be from the current stash or would there be a way to generate more for the company?
We're evaluating different potential revenue models, but the biggest return we can get right now is from lowering our costs. We have a number of ideas about revenue and those will be much more effective once we lower the cost of our infrastructure. Not rude at all, thanks for question!
Thanks Andrew... really appreciate the response.
Totally agree with the priority in reducing costs... and super agree with the different user types... I'm going through a similar process of trying to work out how to get non-techie content rich peeps onto a front end I'd like to develop, and it's hard.. there's a huge learning curve for people who are used to instant gratification.