Dr. Steemlove or- How I Learned to Stop Complaining and Love Pro-Steem Posts
Since the early days of Steemit, three things became obvious really quickly:
- Steemit related posts do really well with rewards
- Lots of people hate the amount of rewards Steemit related posts earn
- These people named these posts "circle jerks"
The last point is just a bit of fun trivia, but the first two points are important. They may appear to be a dichotomy at first glance, but I hope to make sense of this and why pro-Steemit 'circle jerk' posts are not only a valuable component of the Steem platform, but necessary.
Protip: All businesses that sell a product or service advertise or market.
At one point I dabbled with the idea of majoring in marketing. A few classes in, I realized I hate selling things and popped smoke on that insanity. Despite the short-term misery of learning about focus groups and diversity in advertising, I did learn some interesting concepts.
According to the US Small Business Administration, spending around 7-8% of your gross revenue for marketing and advertising for traditional business models. This is for companies making less than $5 million.
Professional Analysis: That's a lot of fucking money.
Conclusion: Pro-Steemit posts are the equivalent of marketing/advertising in traditional business models.
Steem is not a traditional business model.
Measuring the gross revenue doesn't seem to be accurate for this analogy/analysis. Look at it instead as an open hedge fund that accepts investments and pays other people to create products that people will be attracted to. However, this 'hedge fund' is only playing with around ~$500m in cryptocurrency.
That's peanuts to many hedge fund sizes. Observe this fancy graph --
Professional Analysis: There are a lot of really wealthy bastards with money sitting in really big funds.
Steemit is a decentralized hedge fund that invests in content, people, and ideas.
The marketing for this sort of 'alien business model' is baked into the structure itself, REQUIRING internal and organic leads for more investments.
As the ancient lore tells, Facebook got big by being an exclusive club at first for college students with specific .edu email accounts. Facebook (and other social media platforms like Twitter and YouTube) seek to aggregate all content/thought creation on their platform in order to simultaneously aggregate all user information for the sake of data analytics... aka feeding the AI beast.
Conversely, Steem seeks to accomplish a similar goal of being the aggregate of all content/thought creation while sharing the dividends of investment revenue and token value appreciation.
Rather than a central point of gravity absorbing all revenues in exchange for data (read: Zuckerberg), Steem atomizes and decentralizes users based on investment into the platform (Steem Power) who become localized centers of gravity.
Think of it as a galactic ecosystem compared to a singular black hole... in which nothing shall escape... the Zuck shall own all.
If we aren't for ourselves, who will be? Definitely not this individual--
Or this creepy bastard... CEO of Twitter, Jack Dorsey--
So, next time you see a "Steemit Circle Jerk" post about how awesome this place is and how great it would be for everyone to come here and start posting, remember that its ultimately no different than all the stupid fucking commercials you see on TV, print, or anywhere else your eyes tend to go.
But most importantly, fuck Jack Dorsey.
Hahahahaha! Steemit is awesome platform but yeah most top rewarding posts are about Steemit. It's just that most of people even the whales are too excited about how far did Steemit go in a month.
And this post is about Steemit too. :) @blakemiles84
Kinda funny how once we stop complaining the rewards come rolling into our lives, eh?
It almost seems like there's a law written into the space-time fabric that rewards were, are and always will be inversely proportional to the level of non-acceptance.
Great post, btw!
Upvoted and followed. :)
You made my day!
And you, mine! Wow, $17.40 for one vote, most I've gotten in my admittedly short time here (started yesterday). Upvoting your comment returned $0.01 to you -- my apologies, but I'll keep growing it!
I have been having to much fun to complain in the month I have been here ...Better get to it I guess..
Nice! I like your Linux posts; followed!
Thanks
hey I'll follow you ;)
I'll test that claim ;)
When people act nice and stop complaining
The upvotes come in , i found some humor out of making this
I've been thinking this for some time now. It takes, what, 13 marketing impressions for people to try a product? I continue to promote Steemit with Steemit posts because most people have no idea what Steemit or cryptocurrency is. They need a lot of impressions before they'll give it a shot. I've been doing that on Facebook for almost a year now, and I know it will take many more posts.
Until Steemit isn't one of the most exciting things going on right now, it will continue to be a topic worth talking about and spreading far and wide.
Loved the last line "But most importantly, f**k Jack Dorsey."
Following you now :)
For me it's clear that the reason Steemit posts do so well is because it's something that every single user is interested in. My last few posts have been about cycling which I realise is a subject that currently isn't going to attract a large readership . However once Steemit grows and has a greater user base hopefully there will be a large enough audience for people who want to write about more niche topics and the site won't be as dominated by Steem/crypto related posts
It is an investment in the future.
You may not earn much by cycling now, but if you have established yourself as THE cycling guy everyone interested in cycling follows, everyone that joins and is intersted in cycling will follow you too.
Better to have 100% market share in 1% of the market then to have 0,001% Market share in 100% of the market ;)
That's very true! I just need to get a Steemit jersey made so that I can advertise the site while I ride ;)
Followed - I thought your icon was pretty cool too.
You mean the round face? I just copied it from a really good german comic maker on Twitter
https://twitter.com/erzaehlmirnix
Someone who knows me said this is exactly how I look :D
First innovators should get more for their contribution because of their OG status. I'm sure over time the "circle jerk" will get squashed just as it would on any other social media platform
I recall the when Myspace was around, and people didn't believe in facebook. Now facebook overran Myspace. I wonder what will happen with steemit?
So I've noticed that the posts that do exceedingly well are the ones related to increasing your rewards, increasing your followers and anything to do with crypto currency markets. Now that's not surprising as everyone is hoping to make mega bucks fast, I mean come on, Steemit is presented as a platform that pays you for what you've been doing for no reward other than kudos for the last [insert number here] years.
What I do find a little bit depressing is you see a lot of posts telling you "Quality submissions will command higher rewards." and then I see some $1500 post with 32 pictures pinched off the web with no source accreditation and two sparkling animated gif unicorns and all of it literately vomited on the page.
Like @captaincanary just said in the comments, we're advised to build a niche, I've been trying to build one under the title of seriously- and it's just started to creep up to the $1.50 from about $0.12 per story. Personally I'd far rather read a quality post like this one that's set out professionally.
Here's an interesting thought regarding marketing steemit.
Advertising on the Steemit service to fellow steemers is just plain stupid and shows the lack of imagination on the part of the poster. You are preaching to the already converted when you do that! If you want to promote steemit get on Facebook, Twitter, Google Plus and any other social media service outside of the circle-jerk. :-)
Following & upvoted too. 👍