Make Steem Great Again / 4 Ideas To Improve Steemit For More Success

Make Steem Great Again
Steem is an economic ecosystem and an incubator of original content. Unfortunately for now Steem is trending downward, with the recent layoffs, a Steem price of .24 cents (a 97% drop from all time high), and a below 50 market cap ranking, Steem is marching in the wrong direction. Steem will unlikely moon again on speculation, it must be built up on a solid foundation of service. Rebuild the momentum on a fun user experience and a legitimate opportunity for curators and contributors to succeed.

Dream Big And Build New
Ned and team are trying to redirect the ship towards more success with reducing costs but the answer is to increase revenue and value! Increase the user base, active members and quality content. I understand that cryptocurrency is in a bear market and virtually all projects are down now, but Steem more so than any other cryptocurrency has the potential to break away from the crowd and establish its own value independent of the machinations of bitcoin and other cryptocurrencies in the market.

You Win, I Win, We All Win
Steem can be greater than Reddit, Youtube, Instagram, Patreon, and Facebook, all rolled into one. I’m talking $100 billion valuation and above. Im not saying that Steemit is or should be a clone of any of these sites, Steemit’s unique experience and opportunity is its strength, it can surpass them by learning from their success and mistakes. However, a closed mindset focused on what one lacks will not be the pathway to success. Incredible success comes from being an outstanding service to others.

Ideas For Positive Growth
For long term growth and stability Steemit and Steem in general should be more of an incubator for original content and less a social platform for transient users, with profiles that come and go, with low effort/value posts. The current rules are putting the breaks on what would be a great engine of good content. The Steemit community has aspirations of greatness with mindful curation and down voting or dismissal of poor content and spam. It is great to aim high but everything is about incentive. Incentivize the best work, encourage the best content, and attract the best contributors to Steem by removing these limitations on opportunities for success.

1. Payouts with Unrestricted Time-frame
   It takes time to develop a quality post, and even more time to be discovered. A payout period of 7 days is not conducive to long-term growth. For the best quality, It is better for someone to spend months to compose a great epic story, and spend more months promoting the story with links and promotion on and off the Steemit platform. The possibility of indefinite future earnings will encourage the best quality and the most dedicated contributors. Quality not quantity of activity will grow the platform and infuse greater value.

2. Advertising Co-Op To Grow Value
   One of Steemit’s greatest asset is excellent SEO, Steemit articles are easy to find in search engines, I often find Steemit posts in my searches for a multitude of subjects years after its original posting. Steemians are not the only ones enjoying Steemit articles. Steem can monetize this by on site advertising. Advertisers would need to purchase Steem to advertise, making Steem itself more valuable. Steemians should have the option to opt out of advertising. However, profits would be shared on a pay-per-click basis with advertising earnings sent directly to wallets. Opening up a powerful revenue opportunity for Steemit inc. and for Steemians who choose to participate.

3. Wallet Privacy Options
   I understand that blockchain is all about open information but wallets are usually anonymous, unlike Steemit with wallets directly attached to your profile and its too easy for anyone to see. Some say just have an anonymous profile but this is not possible for professional writers, artists and public figures who work to build their brand. I have introduced Steemit to several people that are prolific in their industry, people who could of been great contributors. However, they balked at the idea that their wallets are public. If Steem wants to attract more talent and committed content producers, privacy must be considered.

4. Steem Debit Card - Fiat Currencies to Steem Backed Dollars
   Remove the obstacles of bringing cash flow into the Steem ecosystem by developing a gateway from fiat to SBD independent of trading in other cryptocurrencies. This can be done by partnering with pre paid cash card or debit card provider.

What are your thoughts? Let me hear them in the comments below. Thank you.

@nathanjtaylor