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RE: Explainer: Value Flows on Steem with SMTs [VIDEO]
Hi heymattsokol. Thanks for your reply.
- Centralization - no. This work may be paid from the existing Steem hold in @steem or other company related super-accounts. May or may not be done by witnesses (bad work - no community support). And the daily amount of voting power required is low even with the current Steem/USD rate... after this thing works it will not anyhow add to centralization.
- This is in addition to development issues discussed by @ats-david. It is about how to make Steemit and thus Steem big using marketing side very quick. Tech side is also welcome for sure, but this marketing decision would be quick and efficient.
- Even if it is, who cares about 20% if this is the way to increase Steem value by thousands of %.
I see this as a great marketing decision and will be really upset if @ned will not even read it. If @ned reads it, just thinks it is not suitable, fine, but I need to inform about this opportunity as it is also discussed with a number of other good online marketers and everybody agrees this may skyrocket Steemit with very low effort.
"Even if it is, who cares about 20% if this is the way to increase Steem value by thousands of %."
I'm sorry but if you believe that increasing the inflation rate by 20% is something that people shouldn't care about, you are not thinking clearly about this issue.
There's no rational reason to believe that such a decision would "increase steem by thousands of percent" - if only it were so easy.
There are many reasons to expect great results. For example, don't you think such a marketing approach:
Referring to TOP-30 posts/comments idea - this is super easy to implement, no risk at all. Referring to Affiliate Program - depends on where to get those 20% affiliate reward... but do we have any other idea how to skyrocket this project cheaper?
I know for sure - when a project does not have a huge marketing effort for daily promotion across all media channels, just do a non-greedy Affiliate Program. The more you share with affiliates the better - they will skyrocket your project. For example, IQoption - the largest trading website in the world - appeared from nowhere, became #1, billion dollars in turnover. Why? They were not greedy and offered 50% to their affiliates.