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RE: A Simple Way to Strengthen the STEEM Economy
I think steemit lost control when bid bots came. If you really wanted to get results from Promoted bid bots where the way and still are in order to rank high thats where the results come from plus you make the steem back.
There is just far to little in terms of income being generated from steemit. There legit is like nothing all thats happening is Ned and the gang selling off mass amounts of steem every money depleting the system. A business can only operate that way for so long.
Income streams need to be placed on the site that make it a profit or at least break even it should never be negative.
Right, I agree 100% that some sort of revenue needs to be generated to offset endless spending. Their economic model is to increase the value of STEEM and profit from that, which is really the way it needs to be as we need their incentive to perform to be tied to the value of the currency. If the blockchain didn't operate like that, then they would have no purpose for holding such a large stake. Burning the tokens increases the value by raising scarcity, which is what I'm suggesting. Other than them bringing in ads, which I'm sure you've seen ads in the crypto space which are all scammy as hell, there really aren't a lot of ways to generate revenue without increasing the overall value of STEEM.
sure there are, there are legit a good amount of us enraptures on here and I am sure many more would come if they knew they could promote their ads and services on here. Pretty much they would be changing everything over from Youtube, blog, instagram etc over to a crypto site and steem honestly has all of those at the moment.
I say totally get rid of the trending pages etc since they are just fluffed up with the same people all the time and really are not doing what they where meant for. Instead have a paid area for this bump up the promoted section a bit.
Revenue comes from small business gaining exposure its what every social network uses. There is no reason why steemit couldn't do that in some form but not be abusive with it because we as voters etc have the rights to say what we do and dont want in here including flagging bad spammy advertisers.
Massive potential here it just needs some adjustment, think tanking and work. I really dont get what we got out of this last year that 70% of the steemit work force was working on? I dont think I saw a damn thing really
Well gauging by this comment:
https://steemit.com/steemit/@ned/re-paulag-re-ned-next-livestream-this-thursday-dec-6th-at-11am-cst-20181204t163117297z
It's clear we didn't get nor do they feel we're entitled to anything from them. For half the stake on the chain though, I think many people tend to disagree with that assessment... It is what it is, if things don't change, the price clearly shows where things are heading.