The STEEM blockchain won't survive without external sources of revenue. I've said this many times in the past and with the market in a downturn it's even more applicable now. The same goes for a lot of crypto's but we will see a lot of them die off in markets like this.
The apps which are being built will need to either source ad revenue, sell data or find other ways to earn money. STEEM itself is a share and can't survive unless their is a good product to give it investment value. Apps like Actifit have huge potential to generate add revenue with the model that they have. If they can mass onboard users especially with their new fitbit integration they have a target demographic of hundreds of million who use fitness trackers daily. I would like to see any revenue earned distributed according to holding of the token it was earned for. Obviously any SMT would have the majority held by the creators so they would get the largest share of the income but it would incentivise people to use the apps and gain the tokens if they were going to get a dividend from them.
This especially applies to steem itself and would cover a lot of the costs if we all got payed a 1:1 token for our sp with all revenues generated. With NED and STEEM inc being the largest token holders they would earn enough to keep running once we have enough users to attract revenue.
Sad but true my friend. The good thing is that Steem Inc has not been driving force behind Steem. SteemMonsters has done so much more for Steem than Steem Inc. Hopefully decentralized nature will allow Steem to carry on.
The STEEM blockchain won't survive without external sources of revenue. I've said this many times in the past and with the market in a downturn it's even more applicable now. The same goes for a lot of crypto's but we will see a lot of them die off in markets like this.
The apps which are being built will need to either source ad revenue, sell data or find other ways to earn money. STEEM itself is a share and can't survive unless their is a good product to give it investment value. Apps like Actifit have huge potential to generate add revenue with the model that they have. If they can mass onboard users especially with their new fitbit integration they have a target demographic of hundreds of million who use fitness trackers daily. I would like to see any revenue earned distributed according to holding of the token it was earned for. Obviously any SMT would have the majority held by the creators so they would get the largest share of the income but it would incentivise people to use the apps and gain the tokens if they were going to get a dividend from them.
This especially applies to steem itself and would cover a lot of the costs if we all got payed a 1:1 token for our sp with all revenues generated. With NED and STEEM inc being the largest token holders they would earn enough to keep running once we have enough users to attract revenue.
Exactly, you can take the example of SteemMonsters selling cards with credit cards and not depend on the Steem Ecosystem that is very limited!
Perfect example and that brings in users and adds value to the whole blockchain. More self sustaining projects like this are what we need to see.
Posted using Partiko Android
Sad but true my friend. The good thing is that Steem Inc has not been driving force behind Steem. SteemMonsters has done so much more for Steem than Steem Inc. Hopefully decentralized nature will allow Steem to carry on.
Fiat money in those hard moments is king. I keep going with only with what I have and keep my optimism high.
Posted using Partiko Android
Other means of income really need to be sourced, while we keep trust and building a future towards decentralization and the future of steem.
I am in the transition during those hard moments and need to find an infinite amount of energy to find the best solution.