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RE: The key to long term success for any crypto project is winning global sentiment (data analytics)
@dana-edwards analysis is the most important thing if you want to win not only the crypto market but also the stock market in general.you can win in the stock market if you can see the hints in the charts with accurate analyzes..
Exactly my point. It's all about data analysis because that is how you win. I don't understand why crypto space is not on the forefront of that. The ultimate question for any global product builder is what does the world want? Who is the user?
@dana-edwards I agree with you.I got steem from $4.5 last week to 3 weeks of analysis and I expect the price to be $ 8-8.5 in the coming weeks.I hope I'm not wrong.
The data for the growth of steemit is public. It should be apparent to anyone who looks at the numbers that the site drives away new users in droves. It's closely mirroring other pay to win games where <1% of users drive most of the economic activity and purchasing of in-game items and other temporary or permanent powerups. If you look at all of the app stores all of the top earners operate on such a model.
It is imperative that the steemit team and steem holders understand that the potential userbase of steemit could be much larger if they simply did the changes necessary to make it enticing to use for an average person. Most people do not want to nor need to be content producers for a social media platform to be successful. It's fine if a small percentage of the userbase actually produces content, but if content that users are exposed to does not interest them, or they are unable to participate in democratic processes of voting content they like because their delegated power is taken away in a month then they will not stay.
Not to be cheesy but they're very much missing the point of a million dollar company not being as sexy as a billion dollar company, to paraphrase the Timberlakeinator.
I think that anyone who wants to analyze the data from the site can do so, but no one wants to waste time when numbers are so thin. Big data operations are run on, well, big volumes of data, and we have a tiny trickle of it on any given day. If that is the main emphasis of the site in the future then it will be no different than any other social media site that sells out its users.
Giving people a nominal reward of some fantasybucks or dreamdollars should be enough of a deal-maker for most people, and that people's retention remains so low even though other sites don't offer that should be a clear indicator that many things on steemit are horribly broken for the moment.