It is all about the eyes
This post is a repeat I wrote the original post over 2 years ago when SteemIt (It was SteemIt back then) was moving up all the website traffic sites and we were all excited to be part of something new and cool.
*This has always been my vision, some stakeholders feel that the model didn't work because the end user couldn't buy Steem as fast as the whales could sell it. Now it seems that we are doing everything we can to stop user adoption. *
It is my position that growth in the value of Steem is all about the number of eyes viewing the site, usually measured in transactions, page refreshes, etc.
Why?
Gatherings of people naturally create trading groups
Historians believe that cavemen traded bones and crafted tools.
Kids at lunch tables create elaborate trading exchanges
You can look at the population distribution in the USA and see how "centers for trading" created groups of people and economies
Craigslist, Poloniex, were created because people needed a place to gather and trade valuable goods and services that make life better.
The same concept is being created here.
I believe this would be recreated, anywhere you put a tribe of people.
Where People Gather an Economy Develops
An Economy is being created on Steem
Why do I think this is happening now?
More eyes viewing the posts! (supply and demand)
The more people who gather here the more an economy will naturally happen - Here is an imaginary situation
-At some point Coke or Pepsi or another large company may purchase some Steem and create an account. (we aren't there yet)
-Based on other Internet business models, my guess is they would get people to interact with their account by giving away free services or products.
-Some people on SteemIt will be upset about large corporations joining and will try to flag those companies.
-This may work for a while, but if current users keep flagging, and there are enough eyes here to motivate Coke, they will buy into the "Stake Based System". (They could even buy enough stake to vote for their own witnesses)
-Many users may become angry and leave, so Coke has to be careful to retain the "eyes" if they want their purchase to provide returns in name recognition or sales.
It is all a balancing act
-Whether you think it is a good thing or a bad thing, the more eyes we have on Steem, the more value and potential it will gain from creative, motivated people.
It is just how it works.
My Conclusion - I want to support people helping others to become successful in this economy for win/win reasons
https://steemit.com/random/@whatsup/where-people-gather-an-economy-develops-it-is-all-about-the-eyes
Talking common sense is a pointless exercise (in this place)...
Some people on SteemIt will be upset about large corporations joining and will try to flag those companies.
and sgt report - with half a million eyes on the you tube channel - is driven off steemit through petty downvoting.
....not to mention (RT russia today!) getting downvoted. Yes seriously.
It's a toxic environment. (and why I'm not sitting my new venture on this blockchain)
...oh, and my post got down voted - for just reporting about SGT leaving!. lolol).
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I've said all along that there is great potential in a Steem economy, but it needs to reach a critical mass. I've bought lots of stuff for Steem and want to keep doing that. It's a way to distribute it around to those who do not necessarily create content. I'm not just here to try and get rich. I value the social aspect and the ways in which we can help good causes.
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I couldn't agree more, the barrier for entry should be lowered in every possible case. At that point you get more people involved, more senior people welcoming them and helping them out about what is good and bad to post.
From here they learn more, become excited and buy and power up more steem themselves. As the quality of article increases they get indexed on search engines, people come to read them. Think of it as a modern day article marketing site is really what it is for cryptocurrency.
I am VERY curious to read Elipowells post that is soon to come about steemits profits from the ads being run on the site. If anything a portion of that should be returned to steemians since they are the ones creating the content to get people to come to the site and be active to view those sites.
However I feel that wont be the case and instead we will be taking yet another step backwards. Now steemit collects adrev from our content, reduces our payouts on curation and postings and some how we should be ok with this ?
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I don't think they care what we think.
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That is because they most likely hold 30% or more of all the steem lol DPOS at its finest :D
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I've been keeping up with the Libra news and the guy in charge says they're only focused on user adoption for the FIRST SEVERAL YEARS. Now I know you can do that when you've already got more money than God, but we should be taking a page out of that book and figuring out how to drive adoption. It's better UX
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To be fair, you can do that when you have tons of start-up capital.
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I threw that disclaimer in there that they can do that because they have a gajillion dollars, but I think the lesson to take away would be that this is something that they value tremendously where here it feels like "Do we REALLY need users? They just kinda drain the system."
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To be fair, you can
Do that when you have tons of
Start-up capital.
- neal.pal
I'm a bot. I detect haiku.
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Is that what it is, I thought it was value that brings people to the market, not "the experience".
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The experience is what’s valuable.
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Weird, I thought the products offered and or services were what was valuable, but what do I know, maybe people value the experience of buying groceries and not the groceries themselves. Which brings me to ask, have you ever been in a super busy Whole Foods where you are bombarded with associates trying to find a way into your pocketbook, because they are literally paid to hassle you to buy shit, and would you stop going there because of that, despite the fact that the product is very valuable in comparison to other store's products? I know I wouldn't, but I wouldn't buy anything in a store that had no such quality products AND associates hounding me for my precious time and attention. When I go to the store, and I'm probably the anomaly, I already have decided what I Need, which is what I find valuable.
I say that to say this:
If the quality is irresistible, the customers will not resist it, but no ammount of fluff, pomp and hype will translate to quality, and people will put up with a lot, if the quality makes the products irresistible (you know, like the huge blowout sales, where people are stepping on one another, I'm sure they "love" that experience).
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Well that's actually what I'm saying. Someone hounding you in the store, is creating a poor user experience. If nobody hounded you in the store, but the groceries you bought were rotten, that would also be a poor user experience. The user experience doesn't begin and end when you step foot in the door of the store, to keep the analogy going.
So on a site like Steemit, the quality of the content, how easy it is to find it, how nice the site looks, how easy it is to navigate, how easy it is to learn about things that you have no way of knowing before you've used the product, all these things are a part of the user experience and they all have to be treated as equally important. I definitely wasn't trying to say content isn't important.
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What I was saying is that people will put up with a lot, if the product or service is worth it. In other words, if I sold potatoes for pennies to the dollars compared to everywhere else but I made people carry them on their person, I am sure that the value of the potatoes would be hard to refuse, despite the hilarious hurdles I placed on them, granted I'd also go bankrupt if the competition comes in dressed like clowns and stuffs tens of ponds of potatoes in their junk and breast. The same with quality content, which is what we are "selling" consumers here, if they had to do something ridiculous and the process was extremely difficult, that would in my opinion only weed out the ones who do not like a challenge, while those who recognize the value, will subject to whatever they must in that regard, if that means reading a 300 page small print tome, they probably will.
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I would enjoy more games on here. I have put my hat into the crypto gaming ring many times for many games.
Unfortunately some end up being scams!
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I should take over steem inc... I won’t be hiding 😂😂😂
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I've been think I should take it over. :) lol. I bet a lot of people are thinking that.
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No me! I should! You should see how many opinions I have:p
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Hope you don’t lease an office for $12,000 a month that is unused 😳😂😅
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haha, no I would not. My last company had 4 developers and did a codedrop every 6 weeks. ;)
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I know, right?! 😂
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@stackin, it will take few millions to buy out 10M Steem from the market to form another company. Then a serious talk of acquisition of STINC is quite possible.
After that you know whom to fire and hire!
Let us raise few millions :)
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Hmmm for SPS proposal is to buy out Steemit.inc ?
It would only take 3.8 million dollars to do it. A drop in the bucket.
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Serving others is a happy life :)
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Интересные глаза...
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Would be great to get the view counter back. Then we would have a better idea of how many eyes each post is actually getting. I think advertisers would be very interested in those numbers too.
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People joining more on this great community will give them edge and help the community to also grow
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Bidbots do not bring more eyes on steem, but they sure as shit turn off numerous users and numerous potential users. Yeah, about the fact that this post is not about bidbots, let me ask you this: if more eyes are on a dumpster fire does that mean more value or potential? Does more eyes on a train wreck mean more value or potential? Does more eyes on a place proliferated with cheap crap, pure unadulterated mediocrity, and cheating, translate, ever, to more value?
The logic is "bring more eyes and it will be better" but the crucial step missing is that in all your examples, eyes go there not because "all these eyes" but because the value that is to be found. You must promote value, then the eyes follow, you literally try to put the cart before the donkey, which is why it will never work.
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