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RE: Science says: Blog when there's blood in the street

in #steemexclusive2 years ago

Basically, at $83 million, Steem is equivalent to a fairly small "microcap" stock. At $5 billion, Tron is in the "mid cap" range. Which, actually, sort of makes sense to me, since Steem has sort of a niche use case, whereas Tron is much broader.

For a while, my opinion has been that to really increase the market cap, we have to see a really large increase in organic use. And that means diversifying from the "Medium"/"Blogger"/"Wordpress" style blogging. In Web 2.0, I think that blogging sites see much less traffic than microblogging/photo sharing. This is why I've been experimenting with Steem Links and the word search puzzles.

This also ties to your post on memes. I agree with you that something like that is needed, but it's also a fairly hard problem. As you alluded to, it's a grey area for copyright. Also, meme dapps on Steem have already been tried twice that I'm aware of, and it didn't pick up. (apps like that are the original reason why I created the remlaps-lite account) Whether it's memes or something else, though, I think we need to find a way for large numbers people to use the platform in a productive way without spending half their day writing and proofreading.

Btw, is @penny4thoughts or you receiving delegations?

Of course you're welcome to delegate to @penny4thoughts - and it would help the account to reward engagement from participants, but it doesn't have any capability to share curation rewards with delegators, and it's totally not necessary. The account keeps the SP portion of the beneficiary rewards that it receives and distributes the liquid portion (STEEM and/or SBD), so it's chugging along, growing one day at a time ;-).

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People in general like sports, entertainment, sex and politics. I'm not sure any of those topics are welcome here.

You're right that the whole format is antiquated... or maybe Steemit should target a particular niche first (a "beachhead" as Bill Aulet says in Disciplined Entrepreneurship) and then expand. Idk...

Who runs the platform, btw?

Who runs the platform, btw?

Sorry, I forgot to answer this. By "the platform", you mean penny4thoughts? I run that. It's basically just a hobby project for now.

People in general like sports, entertainment, sex and politics. I'm not sure any of those topics are welcome here.

It's funny how this ties into your other reply about funding coming with strings attached. I think it's not that these topics are unwelcome here, but rather that they're not actively supported by curators.

We think that the authors choose the topics, but really it's the high-value voters who drive a lot of it. The old adage about, "he who pays the piper calls the tune" comes to mind. I think web3 can connect funding and content creation more efficiently, but I think the funders will always want some measure of control.

or maybe Steemit should target a particular niche first (a "beachhead" as Bill Aulet says in Disciplined Entrepreneurship) and then expand.

I think they have done that with their steemit crypto academy, "the diary game", and their other community support programs. But growth happens slowly, especially in a down crypto market. What I would really hope to see is for other possible investors to see how Steemit is able to shape activity with their stake and realize how an investment here can be used to establish new "beachheads" in their own areas of interest... "Let a thousand flowers bloom," as they say. ;-)

You're right. The ones with power decide what's best and what not. I was reading the other night that some witness were even downvoting the pictures guy.

Once I have a larger audience, I'd like to try some new risky things; but I'll see.

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