You are viewing a single comment's thread from:
RE: Promoted Posts are Now Not Working at All and You are Literally Burning Money With Then
I think the expectations were too high, it was not the miracle that people were expecting it to be ...
I don't mind it exists, in fact it's a good thing, but the total effect of it is minuscule at this point ... it didn't really change much ... posts counts are still going down, $SBD is still going down etc etc ...
I think that's why cryptos is somewhat frustrated ... it's not just about his posts or the promote button itself, it's that there's something fundamentally wrong at this stage of the game and the promote button didn't solve it ... that's the issue
The biggest problem right now, even if I have 0.01$ worth of vote, is that I don't see much good content to upvote.
Now imagine that the platform can give out thousands of dollar per day - perhaps 20-30k. We have to ask ourselves if there are 200-300 posts that can really earn those 100$ each...
too me the biggest problem is that 30 whales determine everything now, they consume 90% of the voting power and that's a problem
there are 10.000 regular active users per week ... that's 90.000 short from the absolute minimum this system needs to work; that's the real problem
right now those whales are determining everything ... they should dare to trust the system by lowering their own voting power consumption with 90%, so those thousands upon thousands of other votes will actually mean something
as in; if the whales were to adjust themselves to reality; we're 90% short on users, so they need to put their voting slider on 10% ... your vote would be worth 0.10 instead of 0.01 ... and that would matter
this is how I see it;
step 1; the whales lower their vote with 90%
step 2; all of a sudden everybody else's vote goes up x10 ... lot's of excitement
step 3; very fast a lot of people will return, we don't need new users (at first/for now), if we can just get a bunch of people back, that will already make a big difference
step 4; as in; after the internal balance has been restored; directly contacting known quality authors and tell them there's money to be made ... get real authors, known journalists and writers
step 5: seo; this is totally being ignored now; the best option steemit has right now to attract new users is from google traffic; more and more articles will rank in google and bring in new users
step 6 ... all pieces finally came together and all numbers will go up steadily until a story that was first published on steemit makes headline news all over the world; and boom: overnight 1.000.000 new users and price x10
step 7; we're all rich ... hahaha