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RE: Fractional Reserve Banking and Steemit - Questions for Experts ...
Yes, I get that. That doesn't mean its hosting is free though, right?
Yes, I get that. That doesn't mean its hosting is free though, right?
The site operator would pay for hosting ...
This.
or just advertising. Or charging a fee for access.
Basically, the site operator would monetize the same way site operators always monetize.
Also, FTR, hosting doesnt really cost that much. Obv i havent tested it under load yet, but I have it running on a $200 a month vultr host and it seems to work OK. Im sure if it was getting the kind of traffic steemit gets, id need something bigger. but still hosting is pretty cheap now. Especially when you consider you can run miners on your host too.
Its fucked lately (keeps crapping out) but part of running the steemd proccess that allows the site to work is (optionally i think) running miners.
I can tell you with 100% certainty who the first person is going to be that makes a(nother) fortune making his own interface. @abit making one for the chinese.
Also, a little bird told me to look for an onion site sometime in the near future.
Writing his own posts and marketing his material and also curating other people's content, or only show-casing what he / she has voted on through this portal.
@r4fken am I missing something in the article, or did you mistake a decimal point for a comma. That looks like $8200 to me, not millions.
Also, not 100% sure how it would effect server requirements, but having almost all your data on the chain (vs having to host it) has to count for something.
Right.... And where does the site operator get that money? Advertising?
@sigmajin Read the complete article, sweetie :) It's really millions.
I'm no IT-er, so can't comment on efficiencies using blockchain, but I can imagine it's still millions when dealing with that many users.
In this thread : http://www.reddit.com/r/TheoryOfReddit/comments/2gdv9z/back_of_the_napkin_calculation_reddits_server/ a Reddit employee confirms that $6.000.000 server costs per year is correct "ballpark-wise". That's a lot of posts our webmaster has to write... Unless ofcourse we assume that the whale-effect of attracting upvotes for being a whale, remains unchanged when Steem's userbase is more like Reddit's.
@sigmajin Really, an .onion? I love it already, the more use cases, the bigger the chance of success. I do wonder how this is compatible with the strong focus on strict verification requirements of a growing group of Steemians. I don't know if you followed that discussion, but the "pro-verification, anti-anonimity" sentiment has a large following.