Steemit.com is going to selectively start rolling out advertisements.
I was happy to read this morning on the @steemitblog that steemit.com (the oldest app/frontend build on top of the Steem Blockchain) is going to selectively start rolling out advertisements on steemit.com to improve the sustainability and decentralisation of Steem (the blockchain). Read about it here.
To clarify:
Steemit.com is a website run by a private Steem blockchain development company called Steemit inc.
Steemit.com is a website that runs at a loss because it generates no revenue and not only that it also put's a lot of traffic on the full nodes that Steemit inc. pays for because it's the most popular front end to access the Steem blockchain.
In other words, Steemit inc. provide a free website that generates loss and the more popular it gets (more traffic) the more loss it generates (increased costs for nodes).
This business model sucks.
In most 'normal' businesses growth should generate more profits not losses.
Finding a business model for Steemit.com I consider a great idea wether it's ads or something else.
ps. The costs of the full nodes are being addressed by MIRA here.
Paying for everything with STEEM.
In the past the website Steemit.com and the full nodes were all paid for by STEEM that was pre-mined. But with the price going down it's all proven not to be a very reliable/sustainable model for growth.
Luckily the mindset for sustainability is changing on Steem.
With Apps finding their own revenue models like Steem Monsters.
Sustainability and revenue is talked about all over the blockchain and I consider it THE topic of 2019.
But other front ends for content still struggle against Steemit.com. Which makes sense because it's not that easy to compete with a competitor that is willingly running at a loss.
So I'm glad to see that change.
When Steemit.com rolls out ads that means a more level playing field for the other front-ends to come up with their own business models.
Maybe subscription models for no ads? Or the use of ads themselves.
It's going to be fun to follow!
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@exyle,
Personally I hate ads in this platform! But this is a great approach to build a sustainability of the platform! So this might be a great idea and I wish they will plan well before adding those ads into the platform!
Cheers~
This is great news! I'm glad some positive changes are taking place - maybe they're finally listening to us. :)
I’m pro anything that helps Steem grow!
Not sure if anyone knows the answer but how long are accounts being taken to approve? I have a family member that has yet to receive an account although she signed up over 3 weeks ago. Thank you!
I can take a very long time. If you don't mind paying $2 for an account with 15SP delegation for 90 days this is a good option: https://steemit.com/introduceyourself/@steem.ninja/steem-ninja-account-sign-ups-with-credit-card-and-referral-reward-system
Thank you ever so much for your help! I appreciate it.⭐️
I think this is a great step forward for them and while many do not like the idea, the sustainability of the model depends on a change for them to have a path forward. I look forward to see how they roll it out and how I could support by potentially not blocking them if they are not too intrusive. What would be great is if they would create a model where users got get incentives as well for clicking or looking at the ads.
Posted using Partiko iOS
Yes! That would be cool indeed. Or find a way to get part of the revenue to the content creators that generate the most revenue for the ads.
Well its a proactive step to generate revenue which is always a postive. I think they should really look at not just network ads but selling that space to direct brands which is how you really make money on ads, I've seen this from personal experience
I really think a big opportunity is the promote section of the site it could be revamped to be more intuitive and auction based so it keeps changing based on impressions and users can bid for top spot based on CPM or CPC using SBD/STEEM. While it may serve to recycle steem and SBD back to steemit it may also result in other cryptos being sold to buy steem just for better promo opportunities on the site
I personally wish they could come up with something innovative. It would've been cool is Steemit Inc. got recognition for creating a means of generating revenue (i.e. upvotes and what not) without using ads like almost every other site but I guess not. It just seems a little disappointing if they showcase all this new blockchain technology yet still need to go through the traditional route of earning money.
Hopefully, something innovative with how they will shows ads on their site will prove me wrong and we can all be amazed by their ingenuity.
They have not said how they will go about things so let's see.
Thanks for the info. It only makes sense that they are moving this way. We have discussed in the past the pros and cons of it, and I am continuing to get used to the idea that this is where the future is heading. Hopefully this will help them create a more sustainable model.
I have a good ad blocker lol.
I see Ned is back
Why do you assume it's going to be advertisement in the traditional sense?
I'm pro ads myself just be clear. All i see is unused white space on both sides of this. < >It will be nice to not have to worry that Steemit is going to go under. I also think its crazy to continue with the model of Steem being used to pay expenses. The start ups who thought they could run just with raised ETH are getting hit bad now too. I will feel better about Steem when I know we have a solid plan and are moving forward
It is a proof they want to survive and keep the machine alive. :)
Posted using Partiko Android
That by itself is great news!
Thank you fir the news.