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Excellent stuff! Great promo video. :)

I'm glad you added the "participate in the community more generally" point. You might also want to add a future video on how the value here actually works. The money doesn't come from nowhere. Investors in STEEM, the cryptocurrency, create the demand for the token which creates all the value we enjoy here. As much as we need more content creators and more community members to engage and vote up content, we also need investors to support the token which gives the rewards pool value. I'd love to see further discussions about how investors should look into STEEM as an under-valued cryptocurrency with 3 second block times and free transactions.

This is an exciting place to be, and I'm thankful you had the foresight to let your audience know about it.

Oh, also, I rarely do this, but I'm going to here in order to make a point. I'm going to upvote my own comment here to demonstrate how those with Steem Power can actually promote their own ideas to the top of the conversation. Lately I haven't even been upvoting my own main blog posts as I want to save voting power for other peoples' posts, but this too, I think, is an important aspect of the platform people should know about. Having influence in terms of Steem Power is valuable (when used in moderation, of course).

On the other hand, new users shouldn't feel compelled to buy stake. They'll get some over time anyway merely by using the platform, and we don't want to have too strong a sense of 'pay to play' here.

In the long run it will be good to see Steem Power widely distributed and yes, the system is only sustainable if people want to buy Steem Power in sufficient amounts to cover the dilution. I feel like those things will come naturally if the system is valuable.

Only 6,500 accounts out of over 400,000 have reached the 1MV milestone (about $500 of stake), and fewer still paid to get there. That's akin to free-to-play computer games, where 20% of players typically spend 80% of the money. At least unlike those games, the small minority of people who paid or mined or @stellabelle'd their way into a large stake are being diluted every day, spreading it out to the much larger group who didn't buy in. It's more a priority to me that those large stakeholders allow themselves to be diluted so that the system is valuable to everyone than to get new people to buy in to sustain it.

A valid point, but there is no free lunch. Dilution alone would just cause the price of STEEM to decrease over time and the new users wouldn't have much value in their votes. I think we've had quite a few "Hey, come earn FREE MONIEZ!!!" influencers here which, IMO, set a false expectation for how the economics here actually work. Thankfully, @davidpakman's pitch here was very reasonable.

Steemit certainly isn't pay to play in terms of voting, commenting, and blogging. What is pay to play is earning from the rewards pool. It may not be the curator or content creator who is paying, but someone is (i.e. the investor). Just as you said, for every 80% enjoying the rewards pool, we still need 20% in the investor class to keep the party going. My suggestion was to not exclude them by also appealing to that audience at some point in the future. If every new personality joining Steemit focused 80% on audience and 20% on investors, I think we'd have a nice, sustainable approach to growth.

I can agree with that. I, myself, this tiny little minnow, have personally invested about $200 so far into the platform/into STEEM, because I fully believe in this place and know that my money is spent on a good investment towards helping the platform grow. If I had thousands of dollars to throw into it, I would, too.

I really just want to see this platform explode and help people achieve their dreams by sharing their creative passions with the world, and I know that I will be better equipped to help people more if my upvotes on their content are generating more rewards.

Dilution alone would just cause the price of STEEM to decrease over time and the new users wouldn't have much value in their votes.

That's true, but like any good company we should ensure that our product is valuable so that people want to buy it, rather than ask people to buy because we need them to so that we stay in business.

I think we've had quite a few "Hey, come earn FREE MONIEZ!!!" influencers here which, IMO, set a false expectation for how the economics here actually work. Thankfully, @davidpakman's pitch here was very reasonable.

Agreed.

we still need 20% in the investor class to keep the party going.

For now yes. My hope is that in the long run utilitarian demand for the token will be enough that the system will be sustained even if few people buy Steem as an investment. In the old dynamic with hyperinflationary liquid Steem, it was required that Steem Power sustain the whole economy. In the current system where Steem can be a commodity of exchange, it's possible that demand for money rather than demand for ROI or for influence could sustain the system. For example if only 20% or less of total Steem was vested, with most being tied up in commerce.

That's why I'm more concerned with users than investors. If we have the largest network effect, we will be the best form of money in the crypto space. We're already far more usable for money than Bitcoin is, and we're growing fastest in places where demand for sound money is high (Venezuela and Nigeria, both countries which recently experienced hyperinflation).

We're already far more usable for money than Bitcoin is

And yet, we're getting rekt in terms of investor ROI compared to bitcoin and many other altcoins. Smart investors will buy up other cryptocurrencies even if they know STEEM is "better." They will wait patiently for more investors to catch on to what's happening here and then flood back in because they already know the value. If we all tell the whole story (including the investor potential), we may have a lot of very happy users who decided to drop in a few bucks just to see how it works prior to the future investor flood many of us think is coming.

As for staying in business, I think we're good there. Plenty of witnesses are happy to be block producers and Steemit, the company, has plenty of STEEM to pay for their expenses.

I think you're right to be more concerned with users. I even think 80/20 is a fairly good metric for that. I'm just hoping we don't forget about the 20% completely. Let's throw them some love too. :)

Couldn't agree more.
Suggesting investing outside money isn't asking for charity.
When large institutions realise how useful SP can be in influencing conversations; it'll be too late for mom n pop to enjoy any gains.

im folllowing you now @lukestokes. You seem like the kind of person i can learn a lot from Sir.

I had no idea how that worked. I need to watch a few videos on proper use of steem power.

Thanks for the Minnow Support Program shoutout too David !

I just rented a little bit of SP for you for the next month so you can vote yourself and your supporters for ~$0.16 each vote now :)

I'm sure even without my assistance you'll be a whale in no time

Added some more delegation to your account from my stake to help you engage and reward your growing audience. :)

This is great and I wish you all the well in the Steem ecosystem David. ^

At the same time, please continue to be as clear as you can with your viewers so that they don't come here looking for a free lunch in any sense. If earning themselves money is why they come, most of them will they'll undoubtedly leave very disappointed.

Few have the tenacity and the connections that some content creators such as yourself have. That has to be developed.

Good man! If I had some spare SP I'd do that too (I'm loaning my spare to Utopian.io). I figured David is generally too busy producing his show to do too much browsing of the platform and voting but at least voting on comments on your own posts is a nice way to encourage engagement. Early on when I started with Steemit I made a couple of comments on some popular posts can earned about $100 STEEM and a lot of repututation from them. It was a great leg up thanks to those voters.

I really enjoyed your video and the response on Youtube is pretty convincing already.

It was fun to have you on MSP Waves Radio! The whole show was awesome!

minnowsupportproject.org

Hey @meno you're really kind and thank you I appreciate your comments 👍🙌

Wow. Lovely video. So intriguing. I wish I could fight my fear. I love vloggers

As more and more youtubers realisze that, steemit will explode in user count

Write choice!

Well done David you explained that well to your audience and in a way that I'm sure will compel some of them to come over. You'll also be exposed to a new audience of people here who are existing Steemit users (such as myself) who have not been exposed to your content before


Hey @davidpakman, it was so awesome to listen to you the other night on the Minnow Mayor Town Hall over at the @MinnowSupport Project's Discord channel on the PALnet server! I had never heard of you until that night but I became an instant fan. You are very articulate and craft such intellectual arguments and you seem well versed in civil discussions and de-escalation methods to keep even the worst trolls at bay. I really appreciated that about you. You come across as a very genuine human being, and I'm all about that!

For anyone new to Steemit, please click on the animated banner below for more information on how to join the Minnow Support Project and why it's such a great place to get started when you first join Steemit!

Excellent video. Hope your success continues with Steem!

You are welcome here David ;)

This is such great news, thank you for telling your audience about the Steem blockchain! I didn't see it in other comments, and it's possible you do know, that there is a decentralized video uploading platform which runs on this blockchain called DTube. I'll look forward to seeing your videos on it soon! https://d.tube

When popular vloggers from youtube like @davidpakman will start to promote Steem and steemit.com then the platform will be growing fantastically fast.

I remember earlier this year, just a couple of popular channels forced idea of GPU mining to the masses and ETH exploded along with whole industry. I hope something like that is possible for steemit.com too.

You made very valid points in your video and your approach was super dope too. I certainly hope people will see the huge potential in this platform and the entire steem blockchain.

Apart from steemit, the steem blockchain has a number of valuable apps and projects built on it for its users. A very good example is utopian.io by @elear which has every possiblity of being the next big thing when it comes to monetizing open source projects. Projects like these are bound to change the way things will be done in the future.

Thank you for getting the word out.

Woot woot! Influx of minnows coming our way

Welcome :-)

Thank you, I'm really excited to share my artwork here and learn more about cryptocurrency. 😀

This is the right place for you to be @icarus1618.... Steemit has a wonderful sub-community of art lovers, I'm sure you must met some of them by now... Welcome, all the best

It would seem so, I'm glad to be here.

Welcome to Steemit! :) Please feel free to come check us out at the @MinnowSupport Project! There's a nice little guide in my comment above, but here's a direct link to the Discord server so you can join us and get started on that path to success! :D Looking forward to seeing you around!

You should do a introduction post.

See https://steemit.com/trending/introduceyourself for examples just remember to use introduceyourself tag.

I'm planning on it, however I think I've posted too much today so I will likely post it tomorrow.

This is great! Love the video, and the pitch! Hope to see your followers come flooding to the platform! I'm going to follow @ausbitbank's lead and lend you some Steem Power till the end of the year, so you can upvote your followers more and show them the benefit of the system here!

There is so much to see and do here on the platform, I think your viewers will be amazed. And Minnow Support Project is a great place to send them as they get started! I don't have a lot of time to spend there anymore, but I definitely would not be in the position I am in today if I had not been hanging around in that discord channel!

You've got a new follower in me. I was not familiar with your show previously, admittedly, I try not to delve too much into the politics of the day, I can get stirred up a little bit, so better to avoid the sensationalism. But in watching one of your videos I get the impression you are not a scream at the listener sensationalist, so that's worth having a listen to!

Thanks for being here! Thanks for supporting the platform! Looking forward to more of your work!

thank you so much, really appreciate it! I will use it wisely!

I’m going to tell all my 14 subs to come over too! Lol any will help right ?

help me, follow my new steem, i hope to help the world with my new skills on soft tissue treatment to those who need my specialised skills. Specially, patella knee pain, tennis elbow etc. Tendinopathy is cureable, if anyone need help, I am in Hong Kong. I am await the world.

Lamentablemente no entiendo el idioma y no tengo como traducir . Pero bueno apoyo para ti @davidpakman

Great video!
Thanks for sharing to your YouTube subscribers and for asking your audience to join steemit.
Keep up the good work

nice post or also it helpful post for everyone. carry on bro.

very nice nice and helpful video bro. I just upvoted you

Nice post 👍 Thanks for sharing and and very useful information. Congratulations ✌ @davidpakman

Hey @davidpakman, it was awesome to listen to you.This one is great news, also thank you for telling your audience about steem community. And now you have got a new follower in me and also tell my steem friends for following you.Thanks for being here! Again thanks for supporting the platform. Looking forward to more of your work! and encourage us for using steen.
Your regards @skwth

Good info on YouTube. This should be spread More. More and more will join steemit. We will cross old recorders. I am resteeming this post. Thank you.

Interacting with the community is the most important aspect, I think
Good on you DP for pointing that out

well done

I can't find my comment

Cool, make sure you remind them again after hardfork 20 because account creation will be instant.

good man let's wait and see how many are going to come .

Really glad to see the David Pakman Show on Steemit!! I hope this website can regenerate some of that lost income!

A lot of youtubers can actually get an insane amount of people to join Steemit. Great stuff David:)

@davidpakman Absolutely Fantastic!!! This indeed, is a Brilliant Idea. Btw, great promotional video. Realistically, Youtube should also be a perfect platform to pitch for Steemit and make it noteworthy to all the youtubers about the advantages of being on Steemit and create a larger, bigger & stronger Steemit Community! with youtubers joining hands with the steemians and coming onboard this Wonderful platform and joining True Global Community!!!
Kudos! to you, for this remarkable effort!!!

Well I am very happy you have the platform that you need to do your show, obviously you have a huge following. I have signup with Steemit a couple of days ago and I love it and I am pulling for you my friend!

Good call to try and bring your 408k subs over to this site, @davidpakman!

We're a news show that's been lingering at around 3k subs for nearing a year now. It seems that YouTube / Google doesn't like our material because they've been censoring us at every turn! It's very frustrating.

Unfortunately, we cannot get our subs over here, as few as it may be.

Anyway, keep up the fine work!

@abn
The Armageddon Broadcast Network

Great video it will surely help this community to grow !

Hello guys! Congratulations for this post!

Hello @andersonfeitosag! Welcome to Steemit! :) Please come check out the @MinnowSupport Project, it's such a great way to get started because you will be involved in a very supportive community whose aim is to help new users start off on the right foot. We emphasize the importance of community building and making friends in order to gain a loyal following. Feel free to hop into the Discord channel by clicking here and let us know more about who you are and what you plan to post about! :)

Have you been talking to other youtubers, because letting big namers know to try the site out and give it a rating or whatever they will see it’s potential. Say if Phillip defranco or joe Rogan, even pewdiepie to come over here and make a post. That could be much quicker adoption. The dtube app is synced with steemit too right so we have our video platform.

The more the merrier!

Well made video, David. Getting in early with as many followers as you can could set your show for life. As one by one influencers like yourself will think of the huge opportunity Steem, in its early days, offers - the less overall stake can one gain for same amount of work.

People could scoff at just 200$ dollar rewards per post, but it was the same with Bitcoin in the early days. The value of the token will rise with the demand. 200$ worth of Steem tokens now could be worth 2k or more in just few years. What if Steem becomes huge, name known around the world like Facebook? If there's a chance of that happening, even a small one, and I had a big following in old traditional media (that's what I call Youtube etc. these days), I know what I would do. Take that chance as they come rarely.

Very exciting, keep it up ^.^

LOVE IT! make sure other Youtubers get on it too!

We need more people like you and big influencers to show to the people this wonderful platform.
Keep up the good work

Thanks @davidpakman, that is very good advertisement for steemit, with network effect like that steem users can increase dramatically.

To clarify: how powerful your vote is, depends on your Steem Power (not your reputation)

That seems fair.

if yout followers become more and more ,and your posts are liked from steem powered man,than your vote become powerful. And steem power become strong.

A very good advice.... Thank you

Excellent stuff! Great promo video. :)

I'm glad you added the "participate in the community more generally" point. You might also want to add a future video on how the value here actually works. The money doesn't come from nowhere. Investors in STEEM, the cryptocurrency, create the demand for the token which creates all the value we enjoy here. As much as we need more content creators and more community members to engage and vote up content, we also need investors to support the token which gives the rewards pool value. I'd love to see further discussions about how investors should look into STEEM as an under-valued cryptocurrency with 3 second block times and free transactions.

This is an exciting place to be, and I'm thankful you had the foresight to let your audience know about it.

Oh, also, I rarely do this, but I'm going to here in order to make a point. I'm going to upvote my own comment here to demonstrate how those with Steem Power can actually promote their own ideas to the top of the conversation. Lately I haven't even been upvoting my own main blog posts as I want to save voting power for other peoples' posts, but this too, I think, is an important aspect of the platform people should know about. Having influence in terms of Steem Power is valuable (when used in moderation, of course).

Overall a nice comment with some great points. I would however recommend not upvoting yourself even if you can. It can make you seem scammy, egocentric or as if you are actually a bot account.

i m not an bot anyway thank for your suggession

Forgot to say that the people who vote for you also have a chance to make money just by voting.

This is true, but in order for it to be substantial it requires them to be very organized or have some personal stake in the system.

I am so glad you addressed this. I am trying to get my subscribers to follow me over to Steemit as well. I think your approach and explanation was spot on. Thanks for posting this content. Kudos.

I came to Steemit to support the David Pakman Show, but I'm really enjoying this platform.

Great way to plug Steemit....... There should be a ton of new users after this post.........

Hey Guys! I post stuff everyday on topics requested by a follower of mine. So if you'd like to learn about something crypto related, please give me a follow and comment on one of my posts telling me what you'd like to know more about! @bl0ckchained125

You are doing a great job by doing so. It will increase the steem price.

Maybe it will, but we can try not to be too obsessed with the price.

We have to keep in mind that it's not about the price, it's about the community. "If you build it, they will come." If we can build a solid userbase/community on the Steem blockchain, the price will naturally increase. So our focus should be on bringing new users to the platform and engaging with them to keep them active and help them gain belief in this amazing place.

It's also about censorship resistance. While front end and even financial censorship is possible on Steemit, we have the tools to counter and resist censorship unlike elsewhere. We just have to remember to use them.

As demotruk says, it's about censorship resistance as well. Albeit there are more levels to consider in Steem than in other social media networks.

It's also about user retention not only due thanks to keeping users active by engaging them, but by building a better and more engaging platform and front end such. One that's actually a lot of fun to use, no matter if it was blockchain based or had money. That's not to suggest you don't already see this, but the focus tends to be too much on the money side and on the cult / pyramid scheme-like "keep people occupied".

Only new steemians are good steemians!

Ok joke, older also !

Very good !

Enjoyed this show. Thanks David. I hope it goes well for all us.

Here's hoping they do too! Things are on the ups right now on Steemit, and with a large enough influx, things will only get better!
Upvoted and resteemed

Some of my viewers on YouTube also join steemit I only put them on the description but i hope more viewers come.. I will make a video next time...
I hope I can borrow some of your viewers on YouTube haha just kidding :)

The future is here folks. Youtuber's need to come aboard. Get ahead of the curve.

i am saying with you COME TO STEEMIT..

Oh yes everyone on YouTube should get a steem account so they could double they’re payout!!!

Its so encouraging to see the comment response to your call. And you definitely made the correct pitch there buy not packaging steem as a "free money" scheme.

Great work you're doing. With the potential surge of your followers into the steemit platform, we hope you can pay for the expense needed to run your operations.

I understand your restrain in not telling too much about Steemit as any smart enough followers of your will do their own research and come to their own conclusion about Steem. I should learn from that the next time I introduce steem to my peers.

If you missed this year's steemfest, I dearly wish you to be able to attend next year's. Hopefully being one of the speakers too!

Stay awesome and see you around!

Will give this "steemit" a test ride.

your wish my command see im here hehehe :D

This is such great news, thank you for telling your audience about the Steem blockchain...

It's nice platform, I'm already enjoying it

Nice promotion for steemit.

nice video good luck friend

Great video. Thank you for being passionate for it! I think passion makes a difference in any community!

Love it. Keep up the good work.

@davidpakman this is great! the bigger the audience the better. I tell everyone I know. Just wished my audience was as big or bigger. Thank you for being part of Steemit. Best wishes.

Very Cool @davidpakman! Thanks for sharing to your youtube subscribers! One thing you can add next time is that's all new user at this ponit are early adopters and when steem price, so will there up-vote for you!

Solid video, up-voted on YouTube!

Ok, I am here. I followed, I upvoted. Mission Accomplished. I am steeming it.

You're awesome David! I hope steemit can be part of your solution and I also think it can be an opportunity for you as an early adopter (easy to forget that this is still in beta) to be in a good position to benefit as it grows in users.

Also: I think as your Steem Power here grows, you can have a competitive advantage to other similar shows as your own, as you'll be able to reward, through upvotes, active and positive commenters and a loyal audience. Which in turn can improve your own view retainment and how much people engage with your content. So I think you'll find that holding STEEM can provide some interesting new opportunities for you that you would not have on other platforms.

Lastly, I would just like to welcome any new users from your audience to steemit where we are all co-creators and co-owners of the platform :)

Bitcoin scaling fixed with bigger blocks? Why not huuuge blocks?
https://steemit.com/bitcoin/@xsid/bigger-blocks-how-about-huuuuge-blocks

We are very happy to have you here David! Thank you for asking your audience to join us!

Would you please start getting transcripts of your videos and including those in your Steem posts because this will help all your posts rank higher in Google search which will bring more readers to your blog, viewers to your videos, and users to Steem?

Sure to see your audience here on steemit.

I think people should follow your advice... lets make steemit possible

You are a very smart man!

Decided to get into this Steem thing... what a pleasant surprise to see one of my favorite progressive hosts trending on the home page. Nice work, @davidpakman! Keep up the great work!

hey english people like me share

Good suggestion, i think it will work for me. Thanks

yes do ı want how many??? no understand

nyc job davidpakman

great very nice. good work. your this idea is help to the all. and new join people start earning. thanks very good. i like it @davidpakman

We are going to start doing that in our youtube videos as well. Time to bring everyone here!

Hi! Nice to meet you :) I just upvoted & followed You!

people wont engage on steemit with each . i m very disheart from steemit .lots of people there but no one appreciate to beginner on steemit .

Hi there @sajda! I understand that it can be very disheartening for new users on the platform to see that so many older accounts are successful, while we at the bottom seem to have to claw our way up.

The key to success is to get involved in a great supportive community, which the @MinnowSupport Project is! Please feel free to come join us by clicking here so that we can help you get started on the right track.

Make some friends over there and build a loyal following by chatting with us and letting us get to know who you are, and I promise you will start to see that success that you dream of here on Steemit!

I look forward to seeing you over there! :D

i also did at https://discord.gg/HYj4yvw but all is vain .

I don't think I've seen you in there before, I'd love to talk to you over there, and I'm sure many others would, too! :) Come join us, the chatroom is full of people right now who would love to get to know you and what you post about on Steemit. :D

even now i have no $ doller to join @MinnowSupport ehehhhheheh

I just checked your wallet, and it looks like you've already sent the required 0.002 SBD to complete registration, so you shouldn't need any $ to join us, you should already be a fully registered member if you came back to the server and completed the last part of registration :)

yup i had been registered the account on Sunday . ok i will come and join u thanks for guiding me

No problem! I'm looking forward to seeing you there and chatting with you! :)

ok let see

Add value. That's how it works here. Maybe this post will help.

You would get more engagement if you started writing less like a bot and used punctuation. Bots get avoided or downvoted.

Good getting them approved for an account... all my friends are still on the waiting list.

youtube to steemit would be b. e. a. utiful.

they better do we ned everyone on board

And I have come. I hope this is better than Reddit

What platform have u used to make this video ?

Its a bold step, we want people to be a part of this.

Yes, we definitely want people to be a part of this! Please come join us over at the @MinnowSupport project, we would love to have you in our community. :) Click here to check us out!