meduim

Medium is now Smaller, and this is excellent news for Steemit!

williambanks68
last month in steemit


Medium, is an online publishing platform and one of the most notable names in the blogosphere.
Today they announced they will be laying off 50 employees, roughly one-third of their staff.

They're also closing offices in New York and Washington, DC.

Medium's CEO Ev Williams, wrote that the company would be changing its business model

Our vision, when we started in 2012, was ambitious: To build a platform that defined a new model for media on the internet. The problem, as we saw it, was that the incentives driving the creation and spread of content were not serving the people consuming it or creating it — or society as a whole. As I wrote at the time, “The current system causes increasing amounts of misinformation…and pressure to put out more content more cheaply — depth, originality, or quality be damned. It’s unsustainable and unsatisfying for producers and consumers alike….We need a new model.”

This is the biggest opportunity that steemit has ever encountered. Medium is an already established platform with huge reach and they are cutting back in part because of ad revenue, but also because advertisers are beginning to pressure for specific spins and narratives to be pushed.

Upon further reflection, it’s clear that the broken system is ad-driven media on the internet. It simply doesn’t serve people. In fact, it’s not designed to.

To my mind this means that Mr Williams is as concerned about integrity as he is about profits.
He has acknowledged that they need a new model, now we need to convince him that
Steem IS the model, and Medium just needs to adopt it!

Honestly it should be trivial for a company like Medium to adopt steem.
Moving Medium onto steemit infrastructure would provide the following benefits for Medium

Hosting and scaling costs are close to nil, because all the data is hosted on the blockchain.The database backend is rock solid and cannot be