RE: 100 Steem Bounty: What is the solution to a lack of SMT development?
Adding another blockchain to the equation can complicate things way too much.Working with Byteball or possibly for interoperability is cool. If it's like news sites embedding Twitter/Instagram links onto their pages and news sites sharing their content over social media, that's great. But if they start depending on each other too much, that will add too much complexity, moving parts and more things to understand for the DAPP builders.
As per one of the polls I had on dpoll, taking beneficiaries or having few ads is the preferred method.Some have expressed that theyare simply happy about Steemit Inc self voting themselves for funding purposes. @steemchiller is already using this method to fund steemworld.org
Steemit Inc is also in a position to pull off something like what Brave/BAT is trying to do. I first bought this up regarding @dlike https://steemit.com/dlike/@vimukthi/will-dlike-replace-voting-bots-in-future-a-modest-proposal-for-rewarding-content-discovery-and-incentivized-curation Steemit could ask users to opt in for ads and share 10%-20% of their ad revenue with users. Steemit.com Alexa rank is at 3,790 and in South Korea it is at 569. This is much higher than most crypto news outlets. Steemit can also vet for the quality of the ads creating a high quality ad ecosystem.
They will gain their revenue in fiat. So there won't be any added sell pressure on STEEM. Revenue sharing with STEEM users would mean:
- People have incentive to join STEEM to get a piece of that revenue enhancing adoption.
- Rewards will be given in the form of SP which will help the smaller accounts to do more transactions.
You might find this interesting: https://steemit.com/blockchain/@bobinson/use-cases-for-steem-blockchain
@dragosroua made a post saying that we could be seeing a demo version of SMTs between 3 and 6 weeks. Let's hope this will actually happen.
@steemmonsters have shown that we can do a lot on STEEM without SMTs or even smart contracts. There are some other great projects around too. This may seem like a crazy idea. But a slightly re-designed UI and a solid marketing campaign could help both the short term price and long term user base and business interest. Even stupid rebradings have created lots of hype in some projects. I don't think our marketing message is loud or aggressive enough. Nobody really talks about STEEM outside of STEEM. Steemit Inc should try to fix this.
I think it would be good for steemit to actually take some beneficiary fee, as this would allow others skins to compete with steemit and a better UI to evolve ultimately.
To me not taking beneficiaries and minimalism are the two main selling points of Steemit.com for me. Even 10% beneficiaries would only mean a small portion of the reward pool as @akomoajong mentioned. But I do agree with the UI competition thing. Most people just use Steemit because they are just used to it like how people use Google for their searches.
I think it is hard to conpete with steem ui because what is the business model. If you can have some of the rewards then there is a model.
So i think this could create income for steemit and strengthen the ecosystem by creating better UIs
I totally agree with your points 💯 but I will choose having ads over taking beneficiaries because the beneficiaries wouldn't yield income with the current low prices of Steem.
Yeah, Steemmonsters too another great influence. We need more of such initiatives.
Thumbs up man!
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