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RE: Steemit has revolutionized Social media, here's why Facebook and Twitter will eventually come into conflict with it.
I've been playing with the whole "free money" concepts and can see some downsides as far as the platform is concerned... People with no investment getting benefits. The money for the rewards pool has to come from somewhere. I was thinking that a one-time $10.00 fee to join (that would go into the reward pool) to help bolster the platform and keep it going.
Ideally that would be a good idea, however i fear it would actually mitigate a lot of followers from coming here, i'll admit even though I have $10, if there had of been an entry fee to begin with i probably wouldn't of signed up people are very hestitant of scams and even if you and I both know how great steemit is, first time users could be driven away from it.
Ideally what i would like to see is maybe a week trial and to get the money you made you have to pay a one time admission fee, that way people can get a feel for the site before committing to something is unknown and risky to them.
I wouldn't have had $5.00 to join. You wouldn't have to collect it all at once- you could put a 3 month limit... pay us when you're up & running. Something like that. I've been here since Thanksgiving and I'd be happy to kick in $10 to help out the platform. The people who came in with investments, of course, would be exempt- they're the ones that make the platform work.
Well i mean we still can, iv'e traded about $30 into steem power from my own crypto currency wallets so it's very doable, i think it just general exposure to the site that helps overall, i remember i posted steemit in a politics group i'm a part of on Facebook and the admins immediately deleted it cause they thought it was a scam.
Now add a $10 fee on top of that and they're going to think it is REALLY a scam haha, but we'll see man the website is starting to get more popularity every day who knows what the next month holds.
It's not the popularity. If all these new people come in broke, it drains the rewards pool and doesn't add anything.
Hmm i see your point, but i think ultimately it balances itself out some people make one post and leave when they don't get $200 a post i think this really is a waiting game to see if the site produces enough whales, for example i'm a minnow but i haven't taken a cent out yet and don't plan to for a long time.
People who are serious about the platform will stick around for a lot longer and ultimately contribute more to the site even with the recent influx of people coming on board, but you could be right we just have to wait sadly.
Every single content producer and curator could come in completely broke and it would not destroy the system. All that matters is that people are willing to buy Steem on the open market, thats where the money comes from (in addition to people buying SBD and SP). Cryptos are not having much difficulty retaining value, and Steem because its attached to a specific innovation will continue to grab a ton of the crypto investment dollars constantly flowing in.