Google Ads On Steemit Also Shown To Logged In Users
I noticed that Steemit has begun to show ads also to logged in users, too. That's because, yesterday, Steemit Inc rolled out a separate wallet application in what was called the split between the condenser and the wallet. The condenser is the web UI to the blockchain, that is, the trusty old steemit.com blogging interface into the Steem blockchain. Separating the wallet and the condenser apps has made it safe to show ads on the condenser.
Others have noticed it, too, and some have bemoaned the presence of ads inside the blogroll between individual posts. I've seen reactions expressing disappointment and annoyance. I've seen some people argue that since Steemit Inc has a massive stake, they should not resort to displaying ads to generate revenue but continue to power down and sell their stake only. At the same time, I don't think there is a single soul among Steemians heavily invested in the platform who would not welcome a high and stable price of STEEM.
Excuse me, but the whole idea that Steem could ever achieve a high and stable marketcap without generating external revenue streams from advertising and paid services denominated in STEEM or some other token on the chain that make use of the properties of the blockchain is, frankly speaking, retarded.
Steem is said to have doled out $50 million dollars worth of rewards during its three years of operation. Some of those rewards have been powered up but a considerable portion have been sold on the market. Where do you think that money has come from? The pockets of investors, of course. Who are those investors? They're Steemians who have paid real money with real purchasing power in order to gain possession of STEEM and Steem Power. Without any prospects of generating fiat revenue streams from owning Steem Power, other than those coming from other investors, buying STEEM with fiat and powering it up is a pretty fucking stupid thing to do except as a purely speculative play with the aim of fleecing a bunch of Greater Fools trying to do the same out of their hard earned money.
Let's not lose sight of what ultimately gives our precious Steem Power any actual purchasing power: present and future revenue streams from monetized attention on content on Steem and buying pressure from paid services payable in tokens on the Steem blockchain.
I don't find the scant ads on steemit.com anything to get worked up about. I'm actually very happy that Steemit Inc is able to generate some income from advertising. Why? Because it reduces selling pressure on STEEM. Thanks to the ad revenue, Steemit Inc is not forced to sell as much STEEM every month as it used to be.
Anyone who is offended by the ads is free to use some other interface. Go ahead and use eSteem Surfer or eSteem Mobile. But know that both take a cut out of your rewards as beneficiary rewards and are 100% justified in doing so. Why? Because eSteem runs a Steem RPC node (RPC = Remote Procedure Call) which is a type of Steem node Steem front ends are able to use to request information from the Steem blockchain and to broadcast transactions to it. Partiko does not take a cut, as far as I know, but it doesn't run an RPC node either. Running an RPC node is expensive. Guess who is paying for the transition from the RAM intensive Chainbase Steem blockchain software to the cheaper to run RocksDB? Steemit Inc. They're bearing the cost of that job in full. If they weren't selling ad space, they'd have to cover the cost of that and also running an RPC node of their own by liquidating and selling their stake, which would harm the entire ecosystem in the form of increased selling pressure and a lower price of STEEM. There weren't too many happy faces when DSound and Musing got their massive Steemit Inc delegations pulled. Guess what? The more Steemit Inc has to sell, there more delegations to good projects will get pulled and the more the reward distribution will be dominated by bid bots!
There are only about ten or so Steem RPC nodes in existence. The fewer there are, the more vulnerable our beloved blockchain is to denial of service attacks for one thing and the less secure it is in general. It takes MONEY to run one and ads will be the one of the main sources of revenue making it possible to run them in the future. Don't expect investors to keep funding Steem forever if there are no future prospects of revenue.
I can't access my wallet and I didn't save my posting keys to access it.
Do you have your other private keys saved somewhere? Your master key? Or your active key? Your memo key?
Besides, you can't use your posting key to sign transfers anyway. The good thing is that you can install the Steem KeyChain browser extension from Google Play. It allows you to make transfers with only your Active Key.
$rewarding 25% 15 min
I have only my master key.
According to their post if you sign in the wallet with the master, it will allow you download a PDF of all your keys.
https://steemit.com/steem/@steemitblog/social-condenser-is-live
OK. Thank you.
Be sure not to lose it or expose it.
What you can do is install Steem KeyChain. It can generate all your other keys from your Master Key. I recommend not using it anywhere else.
OK. thanks.
do you have your main password?
Yes!!
I've noticed the ads, I can't complain, I make money from them on WP. In fact I've just sent an arsey email to them telling them I'm moving because I'm dissatisfied with fall in revenue. I'm sure they're fleecing me and keeping a huge chunk of it for themselves.
I've also paid @teamhumble to create an ad for me for use on my blog, so I have just suck up their presence!
Encouraging that the adds are targeted - in the good ole' ineffective way they're always targeted - by showing me what I've just bought online!
@soyrosa mentioned something in a recent comment about an adblocker you can use anyway.
Facebook earns over 90% of its revenue from ads.
Centralized platforms most definitely fleece their users. That's because they have owners to pay dividends to. The users of decentralized platforms like Steem are the owners, which is why we can expect to get paid but also to invest and tolerate risk.
$rewarding 25% 15 min
Yes, the ad targeting. I read somewhere that contextual targeting makes a lot more sense than trying to build a massive profile of the target including digging into their purchase history and all.
No I not see no advertising when I'm in logged.
I do. Others have written about it.
Posted using Partiko iOS
ok..ok ... if they use app ... I think then :)) ... But soon we see how it all works... we need time just this.
I'm looking at one Google ad at this very moment and I'm logged in.
Well I agree with you IF they stop or at least slow some of the selling. Between the cost cutting measures they have done, and now ads, I hope they can get by without a double dip so to speak lol.
If the advertisers are buying STEEM in order to place ads I don't see how that can be a bad thing.. supply and demand .........and all that fancy business jargon
Those are Google ads, which means that Steemit Inc gets paid by Google for having them on steemit.com. But it's the same thing because this way Steemit Inc needs to sell less STEEM.
Steemit inc selling or not means nothing unless they are selling their STEEM to Google to make Google pay in STEEM for ad space.. eventually I would be expecting Google to purchase their own STEEM ..or to burn STEEM for ad space. However if Steemitinc is just collecting from Google so they can get richer while maintaining their SP and STEEM then that's double dipping and a whole different monster
Ok. Let me spell it out as clearly as I can. Until Steemit Inc started selling ad space on steemit.com, its only source of fiat was auto-selling STEEM. But it has had fiat expenses during the whole of its existence. Those expenses include paying developers to develop the blockchain code and paying for the running of an RPC node. All that costs Steemit Inc dollars. Now that Steemit Inc has another source of fiat apart from selling liquidating and selling its stake, it is not forced to sell as much STEEM as before. That means that there is more buying pressure relative to selling pressure on STEEM and it hardly takes a Nobel prize in economics to realize what that means for the price.
By maintaining its SP and liquid STEEM as in not selling it Steemit Inc is supporting the price of STEEM which, surely, is in the interest of every single holder of SP in existence.
Thanks for sharing! Reblogged.
Posted using Partiko iOS
hello @markkujantunen,
how does the steem keychain look like? I have still not got any success with it.
Check this out:
https://chrome.google.com/webstore/detail/steem-keychain/lkcjlnjfpbikmcmbachjpdbijejflpcm?hl=en
$rewarding 15% 15 min
Yah, I see it, but I couldn't find it on my play store.
I remembered wrong where I found it myself. Sorry about that.
The problem here now is that, I use a phone to browse not a computer. It is asking to install on desktop.
You can use the browser on your phone to go to https://steemitwallet.com and click "Keys & Permissions". If you only know your master key, then you have no choice but to use it to log into https://steemitwallet.com once. When the site reveals your other keys, write them down and store them carefully like you store your master key. You'll only have to do this once.
Always make sure you have spelled the URL correctly! Never log into any site that does not begin with https. You don't want any password ever to be sent over an unencrypted connection.
There are ways to generate your other keys from your master key offline but that requires installing certain programs on your desktop or your laptop. If you have neither, I guess you'll just have to do it online.
And please store all your keys in a safe place. If you lose your master key, it will be impossible to recover your account if you get hacked.
OK. Thank you.
So which of the keys is more preferable to log into your steem wallet?
Steem_it_ wallet which is at https://steemitwallet.com/
When you're done getting your active key, posting key and memo key from it by logging into it with your master key once, you should use your active key to manage your token transfers, power downs, power ups or anything else that has to do with money. You should only use your posting key to post (or to comment) and vote. Never log into any website with your master key. Keep it offline as much as possible unless you have to change your master key or any of the other keys.
Please take great care in storing all you keys offline in a safe place where you don't risk losing access to them or having someone unauthorized access them. If you don't have a computer and only have a phone available, I recommend that you check on Google Play (if you have an Android phone) for any apps for storing passwords in a safe way on your phone. I haven't checked but I think such apps most likely exist.
I use a password storing program on my laptop. I have copies of the encrypted password files stored on different physical devices just in case my laptop breaks down.
Storing ones keys on a single device, or worse, only in a browser is asking for trouble. A memory stick is a good storage medium for an encrypted password file as long as it is kept in a safe place. This topic is very much worth looking into.
Kind of off topic, but that's what gets me when people complain about someone posting a referral link. If you like what I've read and the time I took to write the article, either A type in the link yourself and don't use my referral link, or B support the author by simply clicking a link and doing something you would have normally done anyways.
I'd much prefer scrolling past an ad then Steem deciding they are taking 10 - 15% of your author rewards like most other interfaces do. I'd actually prefer ads because most of the those interfaces do it withouth disclosing it to users (at least anywhere that I've seen, but maybe I just clicked accept somwhere withouth reading the "user agreement").
Agreed when it comes to ads.
Posted using Partiko iOS
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