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RE: The Haejin Problem: The Solution is Simpler than Most Think, Much Simpler

in #steem8 years ago

Viral content most often is an absolutely poor performer financially. With the blog network I used to manage in the past, we regularly hit Reddit, Techmeme and also have multiple entries still performer on Stumbleupon and generally they are the worst performers financially.

That also makes sense because most viral content attracts non-members, so-called side door traffic and the people leave again. Try getting your average Redditor to sign up, they're not interested they have Reddit and that's where they live.

I think the difficulty with any cap is to make the cap high enough to stay interesting and not be seen as a burden. We both agree that those who aren't satisfied will always find ways around but I think that will always be a criminal minority.

I'm not sure about winning the lottery, I think $22,000 is a rather nice ticket. Especially if it can be repeated monthly but by all means make it $30,000. ;)

As for fundition.io, I don't think the 7 days limit of Steem is a smart model for any crowdfunding platform. It is IMHO not because it initially seems a great fit and that it can be done that it also should be done. But it would be perfectly possible to not apply the cap on the SMT platform. That could be a simple option for SMT managers.

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