RE: Hard Fork 19 Reminder (this Tuesday) + Steemit Needs Series: Please comment with your ideas to improve Steemit!! | E. 7 | June 15th, 2017 | Community Engagement | Archives to help Developers / Community.
I have another idea for the business model of the site. I would suggest finding a way to monetize the site and or traffic on the site for the company. Then, that inflow of money could be used to purchase the 9.5% annual inflation of STEEM, or a portion of it, needed for maintenance and the reward system from existing STEEM rather than creating new STEEM. This would increase the value of STEEM at a much more rapid pace than through relying solely on new members purchasing STEEM and speculators trading, or hoarding it. This is akin to a company raising the value of it's stock by buying back shares thus increasing the value to the remaining fewer shares. A rising value of STEEM would act synergistically to draw people to the community and its reward for activity premise.
Interesting ideas again.
Followed you just now.
Just a reminder too..... every week on Friday nights EST - we have a
#SteemitCampfire
--
on my page. I put up a reminder post early in the day each Friday (up now) and then after 5-7 pm EST -- the main post goes up and we gather community there on that post for a whole weekend, every weekend, drop in and out as you like and visit.
I just followed you too so that I will be alerted to those gatherings. Looking forward to trying to help Steemit be an enormous success. There is tremendous potential here. It would be very wise to get the site to its most attractive to new Steemians as quickly as possible as this is, I am sure, a rapid growth phase. We want as many of these new Steemians as possible to find the sight highly desirable and stick.
This is very true my friend.
If it can be done without the need of displaying banner ads in the website, its possible, but if it does includes displaying banner, lots of steemians may not like it because they had enough banners on almost all sites they visited.
This had been a center of conversation in the past. There were discussions of the pros and cons but still final I guess were not yet achieve. In the mean time, its on status quo
Seems like maybe there could be a bank of links that Steemians would find helpful and thereby not involve banners. Like the link to blocktrades that was recently removed. I liked that a lot and it was very easy to purchase STEEM for your account. Similar links might be able to generate cash flow. Possible links that steemians might like:
Link to travel booking sites as many steemians decide to book travel after viewing posts about locations.
Link to a thesaurus/dictionary to assist in posting
obviously you want reference type sites that would help the Steemian experience, buy not draw them away to another content site.
I dont know much about the technologies and mechanism in the platform and Im not a marketing guy either. Try to bring this idea in a discussion together with the great minds of the platform, where you can elaborate more about this.
The platform does have costs. Those costs need to be covered, and R&D and technological improvements at the least also need to be supported. I am uninformed as to extant mechanisms that provide those necessary funds, but your proposal is not without merit. Certainly there are plenty of examples of worse!
Does Steemit Inc operate as a nonprofit? If there is a profit motive, which I suspect, there will always be a pressure to maximize profitability in the short term, and absent due regard for the long term, well, we all know what can happen.