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RE: Going Mainstream! One Million Accounts By Year End? Steemit vs. Bitcoin
Fair points. I haven't compared traffic rankings with Reddit/Facebook yet. I mean Reddit's been around for 11 years and FB 12 yrs. Growth, engagement and retention are vital so there is a lot of room for improvement. Probably a lot of FB/Reddit stats are inflated too. A lot of apps just use FB for login. Yes signups are choppy, but as long as we see higher highs and higher lows we can at least get some sense of growth. I agree these are just rough metrics. Great thing is the rough metrics already look very good and the team can probably easily improve conversions & retention by 50-100%. There is already organic growth so with a referral program I think we can ensure growth rates continue.
@smooth and I discussed daily and monthly unique users, which seems to indicate Facebook is 200,000 times larger at the moment, yet we both concur we are lacking data.
That is an interesting point. I wonder if that is included in Facebook daily and monthly user stats?
Probably. Lol. You have to take everything with a grain of salt even when FB touts numbers at shareholders meetings and on financial reports. A lot of grey area. I would say 20% of FB profiles are fake with major click farms and ad bot traffic. (Side note that's why you have to be careful registering new users on Steemit as well.) Artificial bot traffic is everywhere online. FB gets away with a lot. I remember this video about facebook ads. Reddit has a lot of bots too don't they? Anyways real good data is always hard to find.
Thanks for sharing that. That may have implications on Steem's voting rewards algorithm.