Positive feedback loop: We need more curators than creators for Steem and LEO.

in #steemleo5 years ago (edited)

Steem or LEO's best selling point could be that come here for fun in finding and consume best contents in the Interent along with making money. If we can find and consume the best contents in the Internet, we will become rich together.

The current status-quo

The current status-quo is that we have to bring the best content creators. The curators will arrive to invest and reward them.This kind of campaigns attract large number of creators of different qualities. They get disappointed soon from the rewards that they get since there is no enough curators to applaud them. They come quick and go out even faster. Can you remember that how many celebrity Youtuber joined Dtube/Steem and left.

If we see the 90/10 rule, it means that 90% are junks and 10% are for some worth. I would say less than 1% of the articles may worth something for the worldwide audience. As usual, 1 or 10% author will earn most of the rewards. By rewarding them curators will earn handsome reward. That's how blog based steem DApps such as Steemit or Steemleo should work.

We need more curators than creators, period.

Steem and LEO is solving a strong problem to find best contents in the Internet using crowd-sourcing. It has a business demand. Crowd is not doing it free, but get incentive by the rewards, in this case it is a cryptocurrency. The positive feedback then kicks in the price which can bring back more new curators. For that to happened, curators should find the best contents to reward and make it visible through more click and visit. The visits and clicks will bring Ad money and investors, coin's price will up. Once a threshold can be achieved, positive feedback loop can spiral out.

create vs curate.png

It happened to BTC due to positive network effect which can be considered as positive feedback loop.

How to get curators/ investors

If the large number of curators cum investors can discover the best articles from the authors, DApps site rank will soar in Alexa ranking and so does its Ad profit. The positive feedback loop should go like this.

To bring curators, the mission should be redefined and marketing to the appropriate audience.

Again, we need curators as investors who will stake big, upvote big and find the best contents. Due to the lure of big rewards the best authors will arrive. It will be world of many, many curators and very few best creators. It does not look like this way at this moment!

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Thanks for reading.
@dtrade
Cryptominer since 2013, trader and tech blogger

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