You are viewing a single comment's thread from:
RE: About magic bullets, adblockers and the rise of Steemit
As Ned, the CEO of Steemit, stated in an interview, Steem was designed to reward good content. Normal web ads are different. There also usable if you have crap content. In my view Steem can not replace web ads at all. But Steen could be used as cryptocurrency to pay ads of course.
Thanks for replying! I would assume that if more and more quality content creators start using steemit as their primary destination to publish their work because of the higher rewards then also the ad revenues from mediocre content out there in web will decline. Simply because their (bystander) traffic will drop. I´m curious to see when and how the adnetworks start to react on the success of Steemit. Exciting times.
There is one limiting factor: time. If people spend their time on steemit, because the content is awesome there and they get SteemDollars for good comments, then they don't have time to go to the boring websites.
Yes, that´s exactly what I wanted to get at. Steemit pulls quality content because of superior reward -> which pulls people -> which reduces time people can spend outside in the web -> which lets website´s ad revenues decline (-> which will make even more content providers decide to move to Steemit...)