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RE: Hey Steemit Whales, How'd You Like To Fix All Of Steemit's Problems And Make Bank By Doing Absolutely Nothing?
Bro, make a full post out of this (edited, spellchecked, with paragraphs and titles and a picture or two). Meanwhile I gave you an upvote for the effort, this is well thought trough.
Ty.
Post coming soon. Look for it on my profile.
I'm presently stuck calculating a valuation for a Steemit published magazine.
That needs to be in a post of this sort.
I'm seeing an increase in active users . . . but it's not much. Organic votes are worth very little at the moment. It's almost negligible . . . unless you aim to trend in niche categories and get a few more votes for the sake of fun.
So the demand part of the valuation is quite low. Intangibles like good will are also very low. (Obvious reasons. See conversations on Telegram. ``ONO team! ONO team! You're platform will be better than Steemit? Right? Right? Hearts. Smilies.'')
Advertising therefore also reaches few persons. In the near future.
But the incentives are there for a magazine to take off. At least if a few larger accounts support it.
Other factors. Authors typically want > 30,000 subscriptions to impress their print publishers. That's a hard one. Unless you're a large account and can give out votes worth several steems, or you're gaming subscriptions by one of several vehicles (in which case most of those subs don't vote your content), with around 70,000 active users that's going to be hard.
There should be 10% votes from your subscriptions. It's an invariant in publishing. Approximately. That's how you know your followers are real. (Unless they're all helix1, . . . , helix100k, with helix(n) voting helix(n+1) to helix(n+10) or something like that. Which is another issue. A significant part of the valuation has to be in using Steem to expand opportunities outside Steem. Therefore subscriptions have to be trustworthy signals to a sufficient extent. Yet few will go through a user's subscribers and check.)
And per every 100,000 words the rewards have to be > 10K to consistently bring in the people at least who actually submit work to publishers in the broader world. So about 20 trending posts a year required for each author, which may cost promotion. Etc.
However most active accounts are basically paying accounts. They all signal willingness to pay, merely by sticking on the platform, and that's a major positive. Etc.
And much valuation right now will comes from indicator variables, boolean events which have above threshold value and probability.