The one thing the Internet does is give people a forum to completely contradict themselves.
We see people complaining how Steemit sucks, the site has issues, and the reward system is completely unfair. Then in the next breath, the same people start pointing ot that nobody knows about STEEM and that is why the price of the token isn't moving. Of course, their idea is that more marketing is needed to attract people.
For what purpose, Steemit sucks, remember?
All the marketing in the world does not make up for a garbage product. Does that mean I think steemit is garbage? Not at all. However, I do realize that all the apps on this blockchain have their issues at the moment. Watching what is taking place, I know the development teams are working on them to improve the user experience. This is important yet it does take time. No software comes out as a finished version. Updates are required not only to add more functionality but also to fix bugs. Look at how often Microsoft is updating Windows.
A month ago, steemit was running like crap. Posts were lost which increased frustration. One update later, we had a new logo and no more of those issues. A week ago uploading a video to DTube was a nightmare. Now it is flawless with built in editing tools. Zappl was a computer based service not long ago, now there is an android app. Each of these updates increased the usable of these apps.
Would you like STEEM to be $50? How would that sit with you? Would you then like to see STEEM go to $100?
I think most are going to answer yes to those questions. The problem is that if STEEM did hit $50 because of exposure, it would not hit $100. People signing onto to the apps would be disappointed. If 5 million users showed up, most would head the other way. The steem apps are not ready for prime time although they are getting closer.
The foundational piece in the blockchain world is development. Speculation will drive up prices while also popping them without something to fall back upon. If you want to see STEEM to go from $1 to $4, speculation will get you there.
That does not interest me. I want $200 STEEM and that requires a great deal more than just speculators. That needs development.
I watched an interview with Charlie Lee yesterday. He was asked about the price of LTC and his response is he does not concern himself with it. He focuses upon the development of the blockchain. His view is that the price will move up the more the blockchain improves. It is hard to argue with the strides that LTC has made.
Nobody knows STEEM and that is a good thing. We are blessed that this blockchain is flying under the radar. This gives steem a huge advantage. Being a leader requires many different things and one of them is the reliability of the product. The other is to withstand the onslaught of others as they see you achieve success and try to mirror it. At present, steem is in ninja mode with few people even aware it exists.
I came across an article of a company that raised $25M in an effort to change the social media/commenting world.
Here are some quotes:
New York-based Spot.IM saw an opportunity to help businesses from Time Inc. to NBC build out a better comments section, in order to keep people on their own sites longer. TechCrunch’s sister publications HuffPost and Engadget are clients, too.
Better comment sections? Please try to curb you enthusiasm.
He says that the Spot.IM platform is keeping users on sites longer, thus driving more advertising revenue for publishers. Spot.IM has also built out additional ad units for the page. Instead of charging media companies for their services, they’ve worked out a revenue share model.
Advertising? He better hope that those sites he contracts with aren't using the Brave browser which is basically being set up to block everything.
There are other commenting platforms, like Disqus, but Shoval believes that Spot.IM is the best moderator. Spot.IM uses machine learning to remove illicit comments and spam.
A disques on steroids is the solution?
Ultimately, he hopes Spot.IM will help publishers make more money. Spot.IM “really wants to save media,” said Shoval.
I am going to take a shot at this and say he is going to fall short.
For full article:
https://techcrunch.com/2017/11/30/spot-im-raises-25-million-for-a-better-comments-section/
This is the prevailing mindset of "revolutionary". The fact that steem is known to nobody means that people focus on stuff like this. We are in a technological age where entire industries are being disrupted, including advertising. Yet this company was to re-cycle the old online advertising model with some revenue sharing scheme.
And do you know who has a revenue sharing scheme in place for content creators? Steem.
Do you know who has a platform where all social media is done across the same entity? Steem
Steemit, Zappl, DTube, Steemshot and whatever other apps are created out of the open source code developed by utopian.io all are on the same platform. Check that box off the list.
My point is that if companies are excited about this idea from spot.im, they are absolutely go bananas over what steem can offer them. SMTs are on the way and they offer everything spot.im is proposing PLUS the ability to personally brand with one's own token, a built in content/creation reward system and the ability to be compensated directly from the users via cryptocurrency.
Trust me when I tell you, the fox is moving into the hen house. Right now it seems dark because steem is in stealth mode. The time to announce ourselves to the world has not come yet. The development teams are still lining things up. Once the apps have the bugs worked out and SMTs are ready for introduction, then you will see the lights turned on. Revolutions only appear to happen overnight. Usually, they are a long time in building.
The fact that nobody knows about STEEM is a very good thing. I feel confident is stating, the same will not be true a year from now. If Huffington Post wants to keep their commenters, it better not rely on some shared advertising model. In the not-to-distant future, those people will want to be paid.
In a world with blockchain, what was once view as revolutionary is really just a minor upgrade. Blockchain is the truly revolutionary force.
Have no fear, a blockchain like steem will save media.
If you found this article informative and helpful, please give it an upvote and re-steem.
Pictures from Google Images.