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RE: AskSteem: Would an onboarding program be viable for the SteemDAO?
The question to everyone is that even after the onboarding of new users are they ready and willing to keep the STEEM community running? Because records had shown that so many new STEEM users come and go after few weeks or payout when they have no constant support and encouragement through upvote.
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We have about 10,000 or so daily active users at present. At best, we had about 60,000. Imagine Steem apps manage to onboard 60 million. How many STEEM would the average user be able to earn when he the number of other authors competing over the same reward pool went up by a factor of 60,000? Could the price of STEEM go up commensurately to offset the stiffer competition? Not bloody likely. Steem is worth $0.14 at present. Multiply that by 60,000 and you get $8400. What would the market cap of STEEM be if one STEEM was worth that much? 350 million * $8400,
which equals 2,940,000 million or 2.94 trillion. That's more than Amazon, Apple and Facebook combined. A 60 million user platform. You need billions of users to reach a marketcap in that category.
Let's put the idea that you're going to onboard the masses by promising them money to rest. What you want is a user experience so great they will love it. For instance, gaming combined with the transactions on a public ledger is a killer idea. There will be no risk of digital assets lost because a single company that owns the servers goes bankrupt.