Topic: Steemit how can this thing be workable long term? - page 20. (Read 32368 times)

Where is the upvote button in bitcointalk (to upvote your post)

Just start logging in using your posting key, save your owner key somewhere (preferably offline), and you are golden.

Then if a hacker were to obtain your key, the worst they can do is post or upvote for you.

There is also this, but it is a week old: https://steemit.com/steemit/@gavvet/where-steemit-adoption-is-going-to-the-mooooon

Someone can monopolize referral programs by offering kickbacks (a percentage of fees earned from the referral program) to users for signing up under them, and promising to undercut any competitors that attempt to compete with them (so it is not worth their time to develop a competing site).

I don't know why Ned and Dan don't have someone manipulating the price as Ethereum does. Seems that with their large holdings, and the very small float of STEEM, they'd be buying from themselves to jack the price up.

That gives me no data on stickiness.

tl;dr please? (apologies I know I write long posts also, but I have a very difficult time following your style of elucidation when you try to describe something technical)

One very useful thing one can code right now, is a fricking cross-platform GUI wallet for steem / steem dollars / power ups - power downs etc. Using CLI wallets to avoid xss browser vulnerabilities is a no-no.

If you want to get rich, you either do that by being a developer or an investor. No one (well maybe one or two) will become a newly millionaire from writing blog posts at Steemit.

I theorized a way to monopolize or kill Bitshares' referral system earlier this year. It may not work as well with Steem, because SP is locked in for 2 years, but it may still work enough so that it would be a profitable venture for someone (if referral rewards are implemented into Steem... they are currently not.) I am guessing that referral rewards may not be implemented in Steem because of this.

The entire point is to add the masses to an ecosystem where they have an incentive to use CC for popular activities. Synereo's idea to spend AMPs to force others to view your content won't be a popular activity that the users do (only advertisers will and ad model is a dying one).

I think they need to be giving away a lot more SP than they are, in order to invest users into sticking with the site. You only spend this additional amount on users that prove they are sticky. And I think they need to allow those to become early cashable if they are spent within the CC ecosystem if such a restriction is possible to maintain. And I think they need to reward frequency of activity on the site (i.e. become a Steem addict and you get a lot more SP), referrals, and level-up users so they earn more the longer they been on the site (although this happens by accumulating SP, it would better to make this more explicit so n00bs realize what they lose if they abandon the site... users need goals... such as "1 more week of activity, then I reach the Bronze level"). But the Sybil attack problem is a countervailing problem to contemplate:

https://steemit.com/security/@sanbir/hi-my-dear-steemers-i-am-karina

I'll have many more ideas coming I bet...

I am just starting to brainstorm about the details.

The charts are still down, but someone posted this info a while ago. Obviously the downtime has effected traffic the past few days:

https://steemit.com/marketing/@dragonho/3-month-steemit-com-it-is-time-to-prepare-some-numbers-so-that-we-can-market-them

Have those charts come back online so I can check the data? I don't feel like digging for the link so I ask you.

I agree. They need to find ways to generate profit for it to be sustainable. As pointed out in the white paper, SP inflates at about the same rate as Bitcoin did in its first 8 years of existence, so there is time to figure out how to monetize the user base while remaining relevant.

Some ideas: paid advertising, marketplaces, data storage (I know you disagree there, but I think it could be made to work), gambling, charging transaction fees for anonymous STEEM transactions, gaming, voice/video/text chat, VPNs, etc.  

I agree. It is very bad publicity for the web site to be down all the time. Steemit is in the process of going viral, but perpetual down time will kill even the greatest momentum. There are new users showing up left and right, Steemit can't afford to turn away any new users if it is to be as (or more) popular than Reddit.

More power to you. You should milk that cow as long as it'll let you milk it. 

I came to accept a long time ago that I will always be a lowly peasant in the cryptocurrency community and no one cares what I say.  

Is the price declining because they keep having downtime?

https://www.reddit.com/r/steemit/comments/4tfsog/did_steemit_just_got_down/

They need to fix that problem. With the money they have now, they shouldn't be having ongoing problems like that. Spend the money to solve it today. They could be killing their momentum in terms of speculators supporting the price, which is critical to their viral growth.

Holding SP has another incentive which is the compounding relative to holding only STEEM. So if you want to invest not just for a very short-term fast appreciating pump up in the price, you need to hold SP. I agree with you that isn't use case demand though. The use case demand they are hoping to create market place (which they hope will provide a use case demand for STEEM). The use case demand is critical to the funding model for paying for content, so we need to analyze that carefully and see if there are any improvements to suggest. They really need some way to motivate users to use the tokens now, not just for cashing out. That is a critical need they need to address asap. Appears they have motivated me to invest some effort to try to help them solve that issue. The more SP they vest with me by upvoting my blog posts, the more incentive I have to help resolve that issue. If Steemit resolves this major issue, they are on their way to beating Bitcoin's marketcap. It is a major issue and I am skeptical.

Originally I didn't like Synereo's model because:

1. I am thinking paying a user to view advertising can only generate roughly a dollar or perhaps a few dollars per day in revenue for full time (8 hours daily) use.

2. I was thinking that users would only want to view relevant content dictated by a like-mindedness algorithm.

In other words, I was thinking of advertising as a dying paradigm. And I think gamification is rising to take its place.

But in the comment where I replied to smooth at Steemit, I realized that the user must be exposed to content outside his/her like-mindedness coterie, else the coteries become static and can't adapt. People must venture outside sometimes to discover new preferences.

So now I realize, if we are going to throw random content at a user that we don't know if it is relevant or not, then might as well be paid. The advertiser has a financial incentive for the content to be relevant, if the price to spam the user is a competitive bid auction.

However, I am thinking that perhaps the like-minded clustered coteries are not water tight because even users with similar preferences don't have the exact same preferences. So perhaps the coteries have sufficient variance of content.

So I may still think Synereo is barking up the dying tree. I am not sure yet.

Note also I used a very clever marketing strategy. I "sold" something my readers think they desperately need, whether they actually need it or not is irrelevant (although of course I'm sincere and I do think they need it but I am not omniscient).

I was also testing if I still have my marketing chops. I saw an opportunity where the synergies were aligned, so I moved as quickly as possible to grab that opportunity.

That`s bad. I like Synereos model of allowing users to "amplify" their  content. This creates demand for the "attention token".