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RE: STEEM grows to $10 !!!! Valuation of steemit versus valuation of reddit
"We don't need a lot of "lets get rich quick" folks on the site, here for a good time, not for a long time."
But unlike Reddit, there is already a vast amount of this occuring in proportion to the other content that actually keeps bringing people back here for more, and all that creates are increasing numbers of dead accounts (or those made by bots in the first place).
Steem will continue to hover much lower in price until this issue is addressed head-on.
Thanks for commenting. I agree. Too may folks hoping to get rich quick on steemit, which isn't a likely outcome.
To have steemit have a higher valuation than reddit, steemit needs a goal of being better than reddit in every way.
And that won't happen until someone starts working on that the advertising model is going to be that works on steemit.
There's millions for the taking, to the person who can solve the challenge of effective advertising on steemit.
I'm convincing myself this is what I should start working on.
STEEM On!!
DaveB