The Kind Of Steem App Most Likely To Achieve Mainstream Success

in onboarding •  last month  (edited)

So far the token inflation on Steem has been divided as follows: 75% to content creators and curators (with a 75/25 split between the two), 15% to Steem Power holders and 10% to witnesses. Steem is a completely unique blockchain-based platform in that it rewards content creators that generously. In a world occupied by economically rational actors, the content creator niche would've been quickly filled by people trying to outcompete each other in quality until an equilibrium is achieved. Even at the current price level of STEEM ($0.18), creating content on Steem rather than any other platform is a complete no-brainer from a financial point of view. I mean, amateurs pour their hearts into creating high-quality content on mainstream platforms and get financially compensated at a level that is a small fraction of what someone who has been posting on Steem for a couple of years makes.

Despite all of the above, we haven't seen people clamoring to join Steem even when invited by existing Steemians willing to hold their hand and to generously support them to help them establish themselves. That should be considered the eight miracle of the world. I mean, if the median wages are something like $10 a day in your country, then a couple of bucks a day extra for content creation on Steem is serious money. Why the fuck would any amateur content creator in their right mind turn that down?

I do get it that upon hearing about what kind of rewards are possible even at the current low STEEM price many people think it's too good to be true. I wouldn't be surprised if people thought the whole thing was a scam and thus best avoided. I consider myself to be an economically rational actor (could be wrong, though), and as such will not scoff at a €2 coin if I see one on the ground. When I see coins laying about on the ground, I pick them up and happily pocket them. I'm such an Uncle Scrooge that I've even been seriously considering to start delivering ads to get paid for doing cardio with an Actifit post made about each delivery round thrown in to squeeze every last bit of value out of it. :)

I must be suffering from some kind of a blind spot because I can't wrap my head around anyone turning down free money by, say, posting photos on Instagram instead of Steem. One doesn't even have to leave Instagram because it's possible to auto-post Instagram content to Steem by using Share 2 Steem.

But I'm also a realist, which is why I have come to the conclusion that the kind of Steem apps that have the best chance of going mainstream may be those that completely cut off their user base from the reward pool. That could be achieved by letting the users sign up and log in using an email address or an existing social media account and posting their content by using a proxy account controlled by the app. That's maximal convenience combined with zero monetization for the user. All of the author rewards would be kept by the app, which would be clearly stated in the terms of use, and they could be used for development and lining the pockets of the owners of the app. Billions of people happily use centralized social media apps without ever seeing as much as a dime in reward for their efforts unless they manage to attract sponsors or generate enough ad revenue. That model is, of course, complete bullshit compared to actually owning your account and keeping any rewards to yourself. But the demonetized and centralized model actually seems better at attracting users than granting them full ownership of their content.

Another obstacle might be the immutability and permanence of all content on Steem. I've heard from one potential Steemian who actually even wrote an introductory post two and a half years ago that he is apprehensive to post because nothing can be deleted from Steem. One way to work around that is encrypting the posts and showing them only to select users of the app. The keys would always remain controlled by the app and not be shared by anyone. That way the front end could always retain centralized control over the visibility of the content and make sure that the front end would always remain the only gateway through which content posted on it could be viewed. The content would be mined by the app and the data sold to advertisers, of course.

I understand that this is completely against the prevailing ethos of Steem. But I think the beauty of Steem is that it can support an almost limitless variety of apps for content creation whose features may radically differ from each other. I don't think we should scoff any ideas to achieve mass onboarding at this stage. My suggestions do not even require any changes to any of the core blockchain code.

After Hard Fork 21 coming up in a couple of weeks, the share of content rewards will be dropped from 75% of the total to 65%. 10% of the inflation will be allocated to a new Steem Worker Proposal category where tokens will be allocated to approved projects that aim at increasing the value of Steem such as development projects or marketing. That's a step to the right direction.

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It'll be very interesting to see what HF.21 brings to the table, effectively speaking. Whatever happens, I do hope it helps prop up the lagging value of Steem.

I think a lot the problem with onboarding newcomers is still that it's "too complicated" to use this site. People are used to — and expect — to just be able to have a "sign in with Facebook" and then they're DONE. All this waiting and paying to power up and account, and lacking resource credits to effectively participate? That immediately starts the whole "why bother" attitude.

It'll also be interesting to see what happens when Communities and SMTs finally come onboard... three years after they were promised. I have a bit of hope there; the "tribes" springing up through Steem-Engine are already starting to show signs of life...

Those things you mention are definitely part of the problem. And yes, Steemit, Inc bears massive responsibility for all the problems because of their overpromising and underdelivering. I'm glad to say that Elizabeth Powell has done a good job managing the company. If only she or someone competent like her had been hired in 2017 or mid-2018 when the bear market was in full swing already. The price is crashing as we speak but SMTs and resource credit pools are very close to being rolled out. It'll be then and only then when Steem is ready for delivering on its promises.

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I would encourage all developers to try all kinds of solutions to attract customers to their experience. I hope the successful ones are those who provide ownership.

That's what I hope, too. But demonetization is something to look into seriously.

I think that this would be a good use of light accounts where ownership is withheld until some level of earning has been achieved, with the earning being tracked. Potentially an ownership progress bar might be fun for some to play with where purchasing a few tokens speeds the process. RCs can be given so all interaction is possible.

  ·  last month Reveal Comment

Mainstream people lap that shit up.

Posted using Partiko iOS

Remember the time everyone complained about Facebook, but still kept using it? This guy is doing the same not realizing this time it's a bit different. He doesn't realize that the users of the platform are also the stakeholders of the platform. They have a vested interest in keeping the platform alive and well.

So all his crying and fingerpointing is of course going to result in downvotes.

He says it's communism. I don't agree. Staking your money and effort in this world-wide database of information and art, is every way a libertarian capitalist dream come true.

I don't remember people generally complaining about Facebook, at least not for even remotely similar reasons than on Steem.

He says it's communism. I don't agree. Staking your money and effort in this world-wide database of information and art, is every way a libertarian capitalist dream come true.

Look, the expression "communist psy op" should tell you enough for you to not take that stuff seriously. It gets flagged to the ground for a good reason. This time, Bernie is doing a service to the community.

  ·  last month Reveal Comment

I think Steem is still a relatively new platform and noone knows about it . They should market it in a way that says you can get paid for writing. What budding journalist in college wouldnt sign up?? Its just getting it out there. I think the name turns people off . When i first heard a social media called steem I automatically thought gay chat room . But also people are very salty in here. I didnt know what I was doing at the very start . I posted something about bitcoin dropping in value . I just wanted to try it out. I got cheetahed , I even replied saying thanks for the comment. I figured it out soon enough but this is not the most welcoming of platforms. There nearly needs to be an online chat for newbies . It is very compex in the beginning

I think Steem is still a relatively new platform and noone knows about it . They should market it in a way that says you can get paid for writing. What budding journalist in college wouldnt sign up??

One who thinks it's too good. No friend or acquaintance of mine has ever joined Steem. The idiots would rather stay on Facebook stuffing Zuck's pockets with value they could’ve pocketed themselves. Besides, I'm here. They could've interacted with me here.

Its just getting it out there. I think the name turns people off . When i first heard a social media called steem I automatically thought gay chat room . But also people are very salty in here. I didnt know what I was doing at the very start . I posted something about bitcoin dropping in value . I just wanted to try it out. I got cheetahed , I even replied saying thanks for the comment. I figured it out soon enough but this is not the most welcoming of platforms. There nearly needs to be an online chat for newbies . It is very compex in the beginning

Yes, it is complex. But I have failed to onboard a bunch of computer scientists whose hobby it is to put out walls of text on a daily basis. What the fuck?

  ·  last month Reveal Comment

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  ·  last month Reveal Comment
Since I left steem and started writing independently (thanks to steemit, I must admit), I make 50x the income , compared to this place...

Link?

looks like a duck, talks like a duck, walks like a duck....guess what?

The author is not the victim, however. The investor may be. But not the author. A few days ago I posted a picture of a headless bird on our patio and our cat that had bitten the head off. The post amused one holder of a few hundred thousand SP and I got rewarded a couple of dollars worth of STEEM. I guarantee you there is not a single platform on the Internet that allows a nobody like myself to earn anything like that on a post like that.

He "left" Steem. :D