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RE: STEEM Churn Rates Q3 Report
well you can see the glass half empty or half full... the platform is in very early stages. The active users may not be what you'd like to see .. but the fact there are active users means there is still life. Since HF 20 as curator, I'm seeing less spam and more real posting. That is a bonus and gives us something to build on.
It's not about seeing it as ' half full ' (or 'empty '.)
I'm being objective.
if the active users are , say 10,000 - after 2 years - on a social media platform - I fail to see how a perspective of 'half full' regarding users is not bordering on willful delusion.
It's a crap stat for a 2 year old media platform, Imo.
I want to see it grow (screw facebook) - but facing reality is not a bad thing and calling it as it is.
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I hate facebook - but still doesn't change the numbers..
hf20 does seem to have reduced spamming, which is cool.
Well if it was a two your old media platform in the mainstream/fiat world, I'd totally agree. Facebook, which is a lousy comparison source actually IMO, came into a market that already had some platforms doing similar.
STEEM however is paving the way in the crypto world for this sort of platform. It's not easily understood in either the crypto or the fiat world thus is taking time not only finding its way but attracting people who are willing to hang in for the ride.
In my two+ years on the platform I've watched a lot come and go. The most common reason is arriving with expectations of making lots of money. An expectation Facebook doesn't have to contend with. Some left because they didn't want to contend with the spam ... some left because they were spammers which is a good thing.
So, yeah, on the surface having 10k active seems to suck ... however when i look at what this platform is, where it has come from and where it can go ... I'd rather 10k active and engaged users than 1million doubters.
So, yes, it's going to be a long and possible slow growth .. but it will come. This is a marathon not a sprint
I came with the earn some money expectation - I soon changed that perspective. lol
Don't get me wrong, I'm here for the long haul. (I missed less than 5 days posting in over a year, I recon).
I agree with facebook not being comparable - I was pointing out numbers.
But I still stand by my point. It's a crap stat!
lol
I understand you frustrations but there is a major expectations gap when users come to steem. People are under the belief they will make a tidy income for very little work and when they see thats not true, many tend to leave. the dymanics of steem make it impossible to do a facebook. The distribution was all wrong to start with and when you only have a couple of hundred people spreading the rewards as we did when the wave hit last year it only aided with the negative sentiment and high churn. If people came to social network and there were no rewards ever mentioned, the expectations gap would not be a problem.
I agree with @themarkymark post however that is based on 7 days. I know many account holders that visit steem and would post 3-4 times in a week and then not post again for another 4-6 weeks. My estimations on 1 account 1 human is circa 45K. Okay that's still rather poor out of 1m.
There is also a much bigger picture than steemit.com. You have not seen much progress in steemit as a social platform because the focus has been on the blockchain. Such a pity that the awesome people working directly on the block improving churn from over 100% to just over 50% is seen as not much progress.
...I'm just being pragmatic, not negative....If the stat is correct - It's still crap.
And, pray tell, who created that expectation?
That would be Steemit Inc. who has, from day one, promoted Steemit itself and the steem blockchain as a place where you can come and get rewards for blogging/social networking. In fact, the underlying assumption that is and should be the case underlies a lot of your rah rah here because there's a lot of discussion of increasing the value of STEEM and not a lot about why people might want to be involved in active in the social network ecology.
Looking at the numbers is, and has been for quite some time, terribly revealing. People don't.
This is correct. Rather than focus on the things that actually sets this blockchain apart from others and provides actual value to the commodity which STEEM represents, the focus has been on blockchain technology that doesn't facilitate getting more people involved or which is poorly designed to get more people involved (as we see in hardfork 20).
That's a real problem.
@themarkymark points out the necessarily obvious, in that we need to define what we think of as "active." I would further point out that we need to talk about and define what kind of activity is sufficient, because we don't know what percentage of those 45 K active accounts are bots that made one throwaway post or comment and then fell silent again.
The bots are the obvious problem for looking at churn and seeing a reduction, even if your numbers were accurate, as a positive. After all, if the number of bots getting new accounts outnumbered humans a thousand to one and each of those bots made a throwaway comment post and then did nothing else but hold money, the rate of churn would fall drastically. By any definition.
In an environment and ecology like this, churn is not a useful indicator – which is why in my previous reply I focused on "what is it supposed to mean."
Reducing it by half may just mean that we doubled the number of bots which sell votes and post spam.
"That would be Steemit Inc. who has, from day one, promoted Steemit itself and the steem blockchain as a place where you can come and get rewards for blogging/social networking."
I can not disagree with this statement at all.
So true. The expectations should be set on distributed social media away from algorithmic control or censorship. As an active influencer on IG and watching the algorithm cut my reach in half over the past month while requesting I promote my posts this is the main advantage here.