RE: Sometimes The Solution To Monetization Isn't In Switching To Video
Oh, the reason I'm saying I don't ever expect to see standard ads on steemit is not because of love for the platform or anything like that, it's because I see that as highly unlikely for practical reasons.
Currently the platform and the Steem blockchain create an extremely high returns per view that can by no means be matched by regular type ads. Let's look at this current post:
Notice the really low number of views (under a 100) while the rewards that are quite high. It's basically nearing 50 cents per view while 100 views might not even bring you a single cent if you are using standard banner ads.
That's why I think it would be an extremely bad move for steemit to start displaying some regular type of ads as it would expose the huge divide between the value that is being created in the form of Steem and SBD and the conventional revenue that can be extracted from the audience of the website through conventional means. It has the potential of making the whole think look more like a bubble.
If Steemit was desperate to creating additional revenue, they would be better off creating posts and even asking for donations from the steemians rather than displaying ads that are bound to perform poorly.
In the end, Steemit is supposed to be antithesis of fiat currency and regular ad supported social media so resorting to regular ads would be like admitting defeat and would hurt the trust people have in Steem as a way to store value. And trust is actually the only thing that give Steem value. That's why I think this would be an extremely unwise move and I'm sure the people running the website know this much better than I do.
That's why I think it would be an extremely bad move for steemit to start displaying some regular type of ads...
Yep, we are on the same page @rocking-dave.
...it has the potential of making the whole think look more like a bubble.
As currently designed, it is a huge bubble waiting to burst. In fact, there’s a serious enough pin hole already seeping air.
better off creating posts and even asking for donations from the steemians
Unfortunately, I’m sure they’ve asked. But, it’s no mystery that people, with little and much, have tightly clenched fists when it comes to giving to revolutionary endeavors. This explains why so 'few' are at the top of the Apple and Bitcoin millionaire's club.
…ads would be like admitting defeat and would hurt the trust people have in Steem as a way to store value.
Smh…I’d love to think that the developers wouldn’t bail on the original foundation. However, keeping Steemit from tanking with ultimate growth is the end-goal.
Unfortunately, I have experienced a promising blog site that bit the dust without warning.
I am cautiously optimistic that Steemit is here to stay; but, sustaining the platform long-term seems to be an afterthought that the developers are scrambling to resolve.
Interestingly, this is the second consecutive post denying the ‘reality’ that advertising is in the future ‘success’ of this platform.
Thanks for sharing your insight!
Peace.
We are indeed pretty much on the same page. ;)
I've seen other sites trying to help authors earn money fail before too but I think they failed because they did rely on advertising.
We should also keep in mind that Steemit is just the biggest but not the only website that provides an interface for the Steem blockchain.
not the only website that provides an interface for the Steem blockchain
I love when I learn something new. Thanks for this information. It gives me something to research in more detail.
Many thanks!
Peace.
Sure, my pleasure.
✌