RE: Something Useful For Blockchain
Perhaps the promoted page would attract more attention if a competition were organized. For example, whoever gets to the top of this page by a certain date will receive 50 STEEM. But for this we need sponsors :-)
Still, in my opinion, the only way to the success of the blockchain is to earn money from the outside. As a country sells goods to another country, and when it has a positive external balance, then the standard of living in the country increases. Steemit needs to make money. Currently, the price of the STEEM token is based on the belief of investors that one day they will be able to sell it for a higher price. The price of all cryptocurrencies is based on this. But if Steemit could make money, then it would be the most unique cryptocurrency project. We even have a product - it's content. We just need to figure out how to sell it to someone. Content is tightly coupled with ads, but a new front-end is required to install ads.
Maybe there are other ways. Some merchant could order reviews of their goods or services by posting on Steemit. But for some reason, none of the entrepreneurs are interested in this. Also, the authors would be withdrawing the money instead of investing it in STEEM. A system is needed where all earned funds are converted to STEEM. But I have already been carried away into the realm of fiction :-)
So, it occurred to me last night that we can already use pinned posts in communities to provide visibility to promoted posts.
See STEM Saturday Post Promotion #9: Human brain size started shrinking when information storage technologies emerged
Good idea. It would be good if other communities joined this initiative. This can really incentivize authors to promote their posts.
I agree. I had actually hoped that other communities would follow my initial idea of promoting a community member's post each week. I had thought that it might spur a little healthy competition between communities. My goal is to lose control of what appears at the top of /promoted. ;-) Unfortunately, after 9 weeks, that didn't really happen.
Of course, with this latest idea, there is also the possibility that community owners could sell "Pinned" post placement directly. i.e. "Send STEEM/SBD to the admin to get your post pinned for X hours."
Or there could even be a hybrid model. Burn SBD during the reward window or send STEEM/SBD to the admin to rent a pinned post slot after payout time. Lots of possibilities. It's such a simple gateway into advertising that I'm surprised no one has thought of this before (or maybe someone has?).
I guess it will be up to authors and curators to figure out which (if any) model(s) make sense.
An interesting system occurred to me. I don't know who could implement it. It is possible to develop an automatic algorithm that would work like a lottery. This algorithm could add up the number of SBDs burned by members of the "promoted" page during a certain period of time, for example, 24 hours.
After that, the author, whose post at that moment was the highest, would receive a reward - 50% of the burned SBD. The more participants, the bigger the prize. I'm sure such a rivalry would result in the voluntary burning of significant amounts of SBD. Even bot lovers could participate in the competition.
Funding of rewards must be done with Steem.DAO. That is, someone needs to write a proposal. I am sure that it could be supported, because in this case, in essence, the blockchain "buys" itself a reduction in inflation. In the end, everyone wins.
The system has one weak point. In the blockchain, everyone can find out who sent how much SBD to @null. Then the last member can just send a little more SBD to @null. But this can be overcome by the fact that the period of time during which the winner will be determined should automatically change in a random order every time.
I've been thinking a lot about things like this - ways to gamify it. Unfortunately, I haven't come up with anything that would not require more time and funding than I have at my disposal. I definitely think that gamification would be a good direction, though.
Especially if a game could be created that delivers audience and not just rewards.
This is a very important sticking point. It will also be part of my answer to o1eh when it comes to why we don't have good FB writers, even influencers, here.