The Masses Won't Join Because Of The Rewards

in #steem5 years ago

@acidyo asked whether an onboarding campaign should be funded through Steem DAO. In the comments, a user suggested that many have quit because they're "getting zero for their hard work" and that the answer is not mass onboarding but rewarding users better.

That's a funny idea. It must be the one most self-serving comments I've seen apart from "investors are leaving and Steem is lost because I'm no longer allowed to get positive ROI by bid bot stacking etc.".

One thing that should be crystal clear to all of us is that the entire value proposition of Steem rests on the prospect of large-scale adoption, which is an absolute requirement for a healthy attention economy. I did some back of the envelope calculations last month that indicated that non-speculative price of STEEM given the current number of active users would be around $0.008 in the optimistic case Steem were as good at monetizing the attention of per monthly active user Twitter was. If Steem were as bad as Reddit at monetizing its monthly active users, the price might as well be zero because in that case running the top 20 witness servers would be strictly the province of volunteers willing to pay it out of their own pockets.

Besides, most content creators out there aren't even expecting to get rewarded! The entire concept is so alien to them as to be repulsive to a lot of to them! Why on Earth would that be? Because, in my experience, the whole idea of earning anything at all on social media without being some kind of a star and not having a massive audience makes most people suspicious. If you suggest to the average Facebook or Instagram user that a post of theirs with some quite decent photography, for instance, could be worth a couple of dollars, they become convinced that it must be some kind of a fraud.

Is the above bad news? No, it's fantastically good news! The average social media user is demonstrably more than willing to put in countless hours to create entertaining content for the consumption of their friends and acquaintances to receive worthless likes and claps and whatnot for their efforts! It is absolutely unnecessary to shower these people with the valuable base layer token of the blockchain!

SMTs are a brilliant idea as there is no need for them or any of the Tribe tokens to be financially worth anything at all to be coveted by the users. To call any of them worthless shit tokens is to be gravely mistaken. When new users are onboarded by specific apps and corralled into Communities or Tribes each having a dedicated front end forked from the existing ones or created from scratch, there is no need whatsoever for the possibility of earning STEEM to be rubbed onto their faces.

What is absolutely necessary is for the new Community or Tribe front ends to offer as frictionless and enjoyable a user experience as possible. That is the key. Nothing else matters. @midlet has written about this in the fantastic post entitled The UX Pyramid: The REAL reason Steem is stagnant.

Don't emphasize the money when trying to onboard the masses. That would be a serious mistake because mathematics dictate that doing so would be setting them up for a massive disappointment.

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Thanks, @ markkujantunen
reading your post led me to think about why I am really producing content on steemit, I found several reasons that match those you raise. But one of those reasons for my permanence is to generate income from these productions.

I'm glad it got you thinking. That's what I aim at.

I value the rewards, too. But you and I and most people here are exceptional people. We are pioneers. We are willing to put up with an immature product with a less than seamless user experience because we think in terms of potentials. We love this platform because we see with our mind's eye what it has the potential to become. Some of use buy STEEM to increase our influence here. Those people are akin to venture capitalists in addition to being the beta testers of a social media/content delivery product in the works.

This sort of thing is not for the average person. You have to have an entrepreneurial and a pioneer mindset to want to be here.

Don't emphasize the money when trying to onboard the masses. That would be a serious mistake because mathematics dictate that doing so would be setting them up for a massive disappointment.

landing page just now...

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Steemit.com will inevitably become less important over time as an interface. Communities and apps will be doing most of the onboarding and they will have their own landing pages.

What we have here is for those much more capable of existing out of the herd than the average person. Perhaps this is why, despite all their disagreements, Steemians tend to get along so tremendously well with one another. I believe that is because most of use tend to be idea people. We're not nearly as interested in interpersonal drama as the average person and our midsets tend to be much less rigid.

I'll take it one step further. People are too focused on the value of Steem. As long as the witnesses keep witnessing and the devs keep deving, we are good. I don't sell. I just buy so low price is good for me.

People just need to keep focusing on what they want to do without beig selfish. If it gets big it will probably be an accident or something we never suspected.

I've heard people say that below 3 cents consensus witnesses wouldn't be able to pay for the cost of running the servers. Below 10 cents, Steemit Inc would be unable to continue developing. The ad revenue is a pittance, which is why selling the token is so far what keeps the lights on at Steemit, Inc.

Those numbers are interesting. However I feel keeping it around the boarderline of 10 cent to 15 cents is good as it discourages waste. The dao is growing and can pay for some development. We can always vote to increase it's share, too.

Good points.

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