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RE: Why I put 1 Bitcoin into Steem - Article for my mailing list on 'Bitcoin Millionaire.' Hopefully this gets some more people here!
Awesome content, I love the analysis, where do you see Steemit in the future and can the creators do to improve the site? Would it be wise to include referral reward? It does not have to be money, but probably increase voting power? What do you think?
Me personally I see it in the moon if this is done properly by the team leading at the controls. It. An also end up six feet under. I don't see Steemit being a middle of the pack site. All or nothing. Again unless they just want this site for the world to find out about crypto. I thing is for sure it does do that very well.
Definitely agree with you, its either all the way in or all the way out...lets hope that it goes all the way
I don't think a referral system is needed personally, if it can't grow by the current users spreading the good word then paid promoting won't help (and I am an affiliate on many of my sites).
I think it really depends on other Steem applications being made, the pace at which the user base grows and if it can be monetized well in the end. It will also need a lot more competent people to work on it (just look at how big the Facebook team is for example).
If everything goes well why couldn't it compete with Facebook and all the other social media sites and be worth $100's of Billions of dollars?
Probably not the best comparison but the potential of Steem to take facebook on feels like Uber taking on the taxi industry a few years back.
Your insights into the growth and marketing aspects of steemit/steem are very interesting. Looking forward to more of your posts as the site continues to grow. Thanks for taking the time to write this and follow up :)
Thanks :) Will be following you too!