RE: HF21: What Makes Steem Valuable?
I could explain how 10 measly content producers could generate enough demand for consumers to buy 2.5 million STEEM. The problem I have with explaining it is the fact I've tried what feels like a million different ways of saying it. Maybe it's my wording? I don't know. I have these two recent posts:
https://steemit.com/steem/@nonameslefttouse/curators-hello-where-the-hell-are-you
I left a good comment somewhere else where I actually break down how 10 content producers could create so much demand. I don't know what to say anymore and I'd have to hunt for that comment, and I'm so tired. Writing it out again just seems like a waste.
*Edit: Found the second time I used that comment I speak of under this post
https://www.palnet.io/palnet/@midlet/on-50-50-for-steem-you-ll-never-beleive-what-the-real-problem-is
Combine the wisdom from everything I've said within these links, plus I can find more links, just read my entire blog and every comment; you'll eventually find some answers.
So I just skimmed through your posts linked above (sorry I didn't have time right now to fully read them) but I really think you're on to something there. I would love to see an SP holding based subscription model for content.
Off the top of my head I'm thinking there could be a front-end where content creators can choose a subscription level, for example 100 SP, to have access to their content. So that means if I want access to that content I have to have at least 100 SP in my account and then when i click some button to access a particular piece of content it will "unlock" it by submitting an upvote from my account.
I think that would be really cool and, if done correctly, could actually incentivize a significant number of people to invest in Steem Power.
Patreon 2.0?
It's more about selling the idea to consumers. It's already happening all around us, people just don't realize it.
Every time an "established" content producer shows up, what happens? People cheer because they have a large following. The established content producer then starts churning out content, but their following doesn't come with them, and the ones who do, don't buy STEEM. The established content producer forgot to secure their place here by explaining to their followers the benefits of purchasing STEEM and upvoting over the long term. They still ask for "donations". That money is thrown away and the consumer or follower must then donate again, and again, and again. That's silly, when we have a platform like this. Instead of donating, invest. Then if that content producer isn't performing up to the consumers standards, they can have their money back, or go support someone else, without ever needing to throw money away in the form of donations, ever again. Because these established producers fail to secure their future here, they often leave after only a few months, and the "benefit" of them simply showing up is nil.
You guys already get it. If someone plays Splinterlands, and gets bored, they get their money back. Aggroed said something along the lines of what I'm saying while promoting Splinterlands at a recent conference. The consumer can have their money back, plus more, if they decide they're no longer interested in playing. Games are part of the entertainment industry I speak of, so it's not hard to shift some of those billions over to your product. It's already working. People just don't realize it.
I'm not talking about a paywall, but I've written posts about what you're saying.
The whole point is to make the consumer realize the benefits of investing in content rather than buying it, or donating to content producers. Offer incentives like the 50/50 rewards split to encourage more consumers to consume. There should be far more consumers than content producers here, like in the entertainment industry, because that's how this works.
The fact is, people already spend the money. STEEM can offer them a better deal, with any form of entertainment consumption.
This is about educating content producers as well. There's a reason why you can't find content from an established producer describing to their following the things I'm trying to point out. They didn't know, but if they did, everyone benefits.
Thank you for explaining this well here. @starkerz and @oracle-d have been working with a model like this for companies and governments as well, encouraging them to invest in Steem Power to pay people involved via the rewards pool. It may work, or it may get downvoted. The key is still education, helping people understand how ti works. Now with Steem Engine tokens, communities with their own tokenomics rules can experiment with different approaches.
You're welcome.
Yeah, a delegation economy. I mentioned that idea in a post I wrote a while back. Think I called it "Steem Is Not Facebook, Steem Is LinkedIn" or something. The value I saw in Steem was its potential to create a delegation economy where you don't have to give money, just vote authority.
That said, the haters of self-voting ruin that entire aspect of Steem, because without the 100% value of the upvote given to the company I don't think the numbers work.
Maybe what people need to see is an example of it actually working, not just talk about it. There's been a lot of talk over the last three years. Not many success story examples.
There's also the downvote UI issue I mentioned in my post. Any serious content producer wouldn't touch this place at all if they thought one person could come along and hide the content they worked so hard on.
What are your thoughts about that being a big part of the problem why serious content producers don't waste time with Steem?
Did you even read that stuff? Skim? Couldn't grasp it? Can't see how it already works? Plenty of examples. I used music in one, to be able to tap into a few billion. Blog posts/magazines what's the difference? So there's a few more billion. The fact is people spend money on entertainment. It's fact. What examples are you missing? Just look outside.
So the other day, sometime this week, another top twenty witness insulted me. Do you realize what you just said? Since I reacted poorly to the insults earlier in the week, I've learned my lesson and will not snap.
Again. Luke. I want to stress the fact that I can respect you. I have no issue with you as man, at all.
For nearly three years, I've been watching so many witnesses in top positions put their disconnect on display. Do you truly know what goes on here?
What makes you think I'm not a serious content producer? Do you even realize you just insulted me?
I'm looking for examples on Steem. That's what really matters. If your premise is correct. show me examples of where it has worked with Steem. Just saying it can work doesn't accomplish anything. Yes, we know many things can work, but what is working?
I ran a business for ten years. Ideas are cheap. Implementation is everything. Pointing to other industries and saying "We can do that here also. Millions and billions!" is not reality. Real examples here on Steem is reality. Make that happen, and I'll better understand what you are saying. Until it does, it's just more opinions and ideas with no implementation leading to actual results.
I have no intention of insulting you, but if your premise is correct, shouldn't you be a working example of how the price of STEEM is increasing because you are here adding value? By serious content producer, I was referring to your examples of the millions and billions of dollars available in the media and entertainment industries. These industries involve millions of people and their millions of dollars. No cryptocurrency project has been able to do that, let alone Steem.
To me, your ideas and the reality of what Steem actually is today is equally disconnected.
I think most of us see the potential. It's why I invested ~9 BTC into Steem when it was around $3/$4 years ago. I saw this as a technology which would take over the world and become a global phenomenon used by every media outlet on the planet. It didn't happen.
Luke. Be quiet.
This isn't what you say to someone who wants to invent the car. "Well maybe if someone else invents the car, and I see it running, then I'll believe you."
Luke. You've frustrated me beyond words today. Blah. That's all I got.
In your interactions with me, you seem to describe your frustration and how no one seems to understand what you are saying over and over again.
Henry Ford didn't talk about inventing a car for mass adoption.
He went and did it.
I'm simply saying go and do it and then maybe people like me will understand what it is you're trying to communicate, and you won't be frustrated all the time at our lack of understanding.
Luke. Be quiet.
You come to my blog leaving your comments on my post and then tell me to be quiet. Ugh.
There's simply too much to get into to be able to explain, current issues with the platform that need to be resolved, a playing field that needs turf. Many of these things require a community effort. You've insulted me, shot me down, doubled down on those insults, already proven you're unwillingly to listen. There's no LUKE in team. Therefore, there's no point in having a discussion. You've been disrespectful and that's why you should just be quiet, so it stops, because I don't want to hear it. If you can't respect that, it's because you're disrespectful.
I'm not a disrespectful person. Those who actually know me, know this. Admittedly, I sometimes say things the wrong way and offend people unintentionally, but I just re-read our dialogue here, and I really don't see what was so justifiably offensive to you. You misunderstood my meaning of "serious content producers" and took it as personally offensive.
Disagreeing with someone's points and not preferring their delivery isn't an insult or "shooting them down" IMO. I agree with your premise that the Steem ecosystem would benefit from more content consumers being entertained by valuable content they want to reward in order to see more. That's not a new idea and was mentioned in the original white paper along with how important it is that this can be obtained with an upvote and no loss aversion associated with having to pay for content. This has been said again and again since the very beginning. I read your content and didn't see anything new to me which is what you implied was there.
Maybe we just have completely different personality and communication styles. If you come to my blog and leave comments on my posts telling me I'm disconnected, I will respond in kind. If my approach offends you, please be open to chalking it up as a different style of communication. I mean no offense. No one is entitled to respect. Not preferring someone's approach is also not the same thing as disrespecting them, IMO.
If I see your writing style or your art and am told I should read it and think, "I don't prefer that" is that disrespect? I don't think so. It would be different if I was just passing by, looking at your blog posts. To comment there uninvited and share my personal opinions could be considered disrespectful, but it's also just the result of putting your art on display. Taking that personally doesn't make sense, IMO. For you to come here and say read these posts, the wisdom they contain, and the answers within is a different story. From my perspective, I'm simply disagreeing that something new is being said and you're choosing to take personal offense at that.
I started out my post linking to this for a reason.
If you do care to get to know and understand me, telling me to be quiet in the comments of my own blog is not a way to earn my respect.
I wrote a response to yabapmatt(spelling?) I don't know why you're rambling about this other stuff. Do you see any benefit here, other than trying to make me look bad and yourself look good? Get over it man.
You told me to be quiet and go do it. Without even giving me a chance to explain the things you're missing. And now you're pouting because I told you to be quiet.
I gave you, exactly what you were giving me. That's only fair. Get over it.
Yes.
And here's my response to this strange little troll underneath me.
https://steemit.com/life/@nonameslefttouse/why
LOL you are way off here!
WARNING: IF YOU REPLY TO THIS ACCOUNT YOU WILL BE FLAGGED, YOUR REP WILL BE HARMED AND ALL OF YOUR REWARDS WILL BE REMOVED.
Dude, leave. Social media on a blockchain is about free speech, so don't tell people to be quiet or anything like that. Respect free speech or go back to Twitter.
According to your logic, it's perfectly fine for me to say, "Be quiet."
I believe you have a right to speak, yes, but you clearly indicate that you are the type of person that tries to silence others. That can be done on Twitter, after all, that company loves that kind of stuff. Steem is suppose to be a rejection of that mentality, the mentality I see from your comments.
I respect your right to free speech, you should start respecting the free speech of others.
You clearly indicate you are the type to judge and come to conclusions about someone based upon two words. I also don't give a fuck what you think.
And you say that right after telling me to leave. If you want to bitch at me, get your act together. Stop being a hypocrite.