What Does Steemit's Growth Look Like?
Lately I've been thinking about what it would look like for Steemit to gain traction in the general populace. The product that is offered here, or the value proposition of STEEM is the social media platform. The popularity of Steemit is based on the registration and activity of members, and the more members there are, the more votes are going around. When the coins get spread out among a large base of people their value should go up, especially when it will take more USD to buy any significant amount of the limited influx of STEEM.
The problem that I'm beginning to see, is that Steemit is unlike any other content platform. The point of other platforms is to get readers to come in and view the content. So, let's say that you write an article on Steemit that gets covered by CNN, MSNBC, USA Today, the works. Let's say it gets 10,000,000 views from people that peek at your charts and read what you write. Your article is a major national news event. If these people don't sign up to the platform, wait for several days to get approved, find your article again, and use one of their upvotes on it, you will see zero revenue for writing that article. This is a problem. Most content platforms survive on readers. People need to be consuming the content. Steemit is a great community, and I don't mean to detract from that, but it is a community of bloggers. There isn't a whole lot here for people who just want to consume content.
Most news sites get only a portion of their views from actual members. Most big YouTube channels are greatly benefitted by having a large subscriber base, but they get their views from outside sources. Related videos, reddit threads, facebook links, etc. If articles on Steemit ever break through into other areas of the internet like that it won't necessarily translate into revenue for the writer. I'm not really sure what the solution to that is, but I thought I'd air out my concerns.
Any ideas?
Don't major social media platforms like facebook, survive by selling user data(which is 'created' by the users).
Yeah, that's definitely a road that would be a negative direction I think. I also think ads would be bad. Seeing as those two are the most popular, I'm not sure what the solution would be.
Luckily with Steem, everyone can create his own application that connects to steem.
So even it the developers of Steemit would 'monitize' their platform by adding trackers. Then there are lot's of other people who can just create their own website. (See Busy.org for example)
I wasn't aware of that! I suppose that's the beauty of blockchain technology.
This post has received a 0.35 % upvote from @drotto thanks to: @banjo.
Wow Ive never thought about it like that before, great post :)
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