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RE: Steemit’s skyrocketing Alexa rank on the road to world domination
Things I see wrong with this,
Attrition rates don't matter too much as long as content is pulling through. You don't need an account to view anything and those who want to earn a buck or participate will sign up.
Active users =/= attrition. Those users could have not signed in this week, chosen to do other things or been a fake account.
Interest over time when not looking at similar timeframes, i.e. start up, growth, maturity.
Comparing the size of sights in meaningless at all points. FB is massive, no one would debate that.
The Internet is so overloaded with content that we can't even read it all. Content is useless without usership. If you do some Google Trends research, you'll see the blogging (e.g. Medium) isn't nearly as popular as chatting. User engagement is everything. And economies-of-scale in social networks is critically important. Thus attrition rate and comparison in size to behemoths is extremely relevant. Sorry just about everything you wrote is incorrect.
I agree about blogging vs. chatting. One of the most interesting things I've seen on Steemit is the growth of activity in comments. In the earlier days with a much smaller user base, there were few comments even on the top paid posts. In fact comments were so neglected that there was at one point a proposal to explicitly subsidize comment posting with a dedicated portion of the reward pool. That proposal was dropped, but nevertheless, as the user base grew, comments have taken off to where most decent posts, whether highly rewarded or not, generate a significant tree of discussion and many good ideas are developed in comments.
Anecdotally I hate blogs that disable comments and usually don't return to them more than once or twice. Whether I comment or not, I still want to see what others have to say about the post, and if the poster isn't allowing comments that could potentially challenge their claims, I'm less willing to take what they have to say seriously. The days of one-way information dissemination are over.
Overall this was a good post with useful analysis of the competitive landscape.
Agreed. Social interaction is key.