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RE: The Calm Inflation Proposal & The Additional Advertisement Proposal

in #witness-category8 years ago

I think it is healthy and good to look into changing things like this, although we do have to be careful not to "throw the baby out with the bathwater" just because we are panicking that the price is going down.

One thing that I think a lot of people loose track of because we have been on a steady decline since the "July pump" is that the value of a vest is actually higher today than it was just before the pump. If you look at what happened as a temporary artificially/overly inflated hype, then it paints a lot different picture.

On 7/6, 1M VESTS = 197.368 STEEM = $45.987
On 7/20, 1 MV = 1M VESTS = 229.192 STEEM = $804.005
On 10/29, 1 MV = 1M VESTS = 410.581 STEEM = $65.412

Granted there was a huge spike (which we have fallen dramatically from), but overall the value of Steem Power is still going up.

I really like the idea of using Adsense as a temporary solution until STEEMsense can be developed. It would be a great way to close the gap between supply (which there is currently a lot of) and demand (which there is not much of) for STEEM/SBD.

One thing to point out regarding Adsense though, is that in order to qualify the website (Steemit.com) has to comply with all of Google's "rules". I had a little experience of this back when I spent some time on webanswers.com, and what you were allowed to post on that site was very limited. Steemit might be able to get around it by restricting where on the site adds showed up, but if any users accidentally posted NSFW or copyrighted material on a page where adds showed up, the whole add program could get shut down for a day until Steemit removed the content. I'm not saying this as a reason not to do it - just something we need to consider.

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@timcliff other blog-platforms has made it so that the blogger paste his/her own adsense key into the system and is rewarded in accordance with the split/agreement directly from google to a bank-account (I am paid google-money every month) - so adsense should only be seen as a temporary solution, not everyone has a bank-account.

Ah, ok, cool. I am definitely in support of the idea :)
Would connecting a user's ad-sense account though let the reward be split between the author and Steemit somehow?

Yes, Steemit and Google will just have to do the formalities and implement it accordingly.

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