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RE: Crude idea: An advertisement model where front ends, content creators and voters benefit.

in #exyle6 years ago

@exyle the problem of everyone wanting to use the reward pool to fund their little projects is a real issue. To much of the reward pool is needed to fund these apps and as you said it ends up spreading the pool to thin. Even at $3 steem it's still an issue as the developers need fiat to pay the bills and will create constant downward pressure on Steem. With this in mind I started trying to come up with a solution.

I am in the process of working on something that will not pull from the rewards pool in the least, but instead add value to the blockchain by bringing in outside fiat on what I imagine will be a daily basis. All bills will be paid from our fiat revenue and no need for steem for funding. This will be a real live company that will also lives outside of steemit, but use Steem as a payment option for those who want to earn Steem. The other option will be our own coin, but as that coin will be treated 100% as a stable coin I'm guessing that many people will opt for Steem for the upside potential. These coins will need to be purchased by the company to then pay those who earn them.

A key point is this will live outside of steem and attract new people to Steem. People who never before owned steem will be exposed to free lighting fast transactions. This should help bring in new users to Steemit and more important for value new holders of Steem.

Not going into to much detail on purpose, but giving enough to hopefully let you know there are things in the works that can potentially be game changers for Steem and it's purely about Steem being a currency without worrying about the reward pool in the least.

Yes we will have a steemit account, but that will be more about posting promotions and other important information and not used to be the reward source.

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Sounds intriguing! Hit me up when you can share more and maybe I can talk about it in a vlog if you want.

For sure once it's closer to launch I'd love some promotion. This will be at least end of 1st quarter thing as it's a lot of programming that is needed, but more likely a early 2nd quarter of 2019. In the mean time I will keep you up to date as we are letting people know more about what we are doing if you would like.

You on discord? If so same name?

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