RE: Why Steemit Will Fail
So maybe the answer here is to make the information entertaining. Give good content in a way that makes people feel good. Why does information have to be dry? It's not the venue! It's up to content creators to create content that is BOTH. Slide in something that makes people laugh. Drop in a picture that entertains with the content (just not so many pictures that my brain explodes please). Make a video that shows your personality and makes people smile WHILE you inform them. It IS possible.
My point remains that it is not about the venue. Steemit will not succeed or fail based on what we, the content providers, put up for content. WE will succeed or fail based on that. So I think maybe this particular aspect of the point you were trying to make is not valid. Just saying.
I would disagree. As I said, content advertisers are paying pennies. You literally get a few pennies for 1000 views on your personal blog anymore from Adsense -- of all places. They're paying pennies and the content they're getting in return amounts to pennies. People don't want to do the research because putting together something funny earns more pennies than putting together something funny and informative. And if the steem ecosystem doesn't start to bring in more than it puts out, company shares are going to be worth pennies as well. We'll just have to agree to disagree on this one. That being said, about your comment involving other platforms you've used -- in particular, Youtube -- it started to plummet before they started using advertisers. Why? Because there wasn't a source of value coming into the service but there was all kinds of value leaving it. That's what I'm implying will happen here if a source of value isn't established which is totally reliant upon this site. It's a VERY GOOD business model but there is no source of value generated from it that is being harnessed to power it. That's my only point. There is value (and that is what all the users are seeing) but until it's harnessed, this site will slowly slump downhill into the void. In the YouTube example: the views were harnessed to beef up the image of advertisers. In exchange, the advertisers placed monetary value into the company. Here, the value of the company is leached off of the value of the coin it represents. When the coin value goes up, the company goes up. When the coin goes down, the company goes down. The coin's value doesn't change based on how much the company does or does not do. So tell me again, why the coin needs the company? And if the coin doesn't need the company, what's to stop the company from going under after the coin becomes valuable and the authors of the company from selling all their coins?