You are viewing a single comment's thread from:
RE: Medium is now Smaller, and this is excellent news for Steemit!
How do you see such an integration working?
I could see it as a opt-in basis, so authors on Medium would have the option to basically link their account with a steem account and cross-post everything to both sites. I'm not sure if this makes sense as a business model on Medium's end, it could end up with authors just jumping ship entirely if they get better compensation on the Steem side.
To my mind, authors could keep accounts in both sites, but keep in mind that steemit was created as a demonstration platform for the steem blockchain. The plan always was to work with existing social media networks and get them to move their backend infrastructure to the steem blockchain and this would drive demand for steem as a currency.
The resulting rise in steem price would more than compensate from the dilution effects of multiple sites adopting steem as their infrastructure and impacting the reward pool.
The fact is medium is much more curated than steemit and has WAY more eyeballs.
There are already writers with accounts on both places.
To my mind, Medium would probably be the one with the steem account and that account would get all upvotes. They could split the rewards with authors based on number of pageviews over 30 days.
@dan also had some proposals for a setup where upvotes were split with a host site, that would actually be ideal if it were in place right now since no one would need rely on a third company to pay them properly.
OK, got it. Thank you for taking the time to explain that, I have a much better grasp on the situation now.
Your idea about Medium having its own account and splitting rewards to authors from there sounds completely plausible to me. I'll show it some support over at Medium.
A brilliant approach! It is a matter of time some big Social Media catch up !