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RE: Take These Steps to Boost STEEM Price
I like where your head is but it will just take time to get this thing going. Let's focus on growing the community and not so much the price
I like where your head is but it will just take time to get this thing going. Let's focus on growing the community and not so much the price
People are afraid to adopt Steemit except for those that don't invest. I try all the time to get people to join and bring in real money. The problem is that STEEM is not widely used as a currency. this is preventing Steemit growth. We should easily have 5 million accounts by now, but growth is at a snails pace. In order to compete with reddit, twitter, facebook, etc, growth needs to be way higher that we are experiencing.
I am an engineer and us engineers don't waste our time and effort on surface issues. I plan to change the root problem. When the currency is widely adopted and available on any exchange, then the community can begin to grow.
That's an interesting take. I am not very much into social media (this is the only one I use) but I try to keep up to date with the business behind it. Most of the platforms become popular before monetization (Facebook, Twitter) but this could be different indeed as the monetization is related to a company but the actual users. Thanks for the insight on the view as a engineer. I've worked with your kind and never quite understood what you do but you seem to be right most of the time :)
Thank you so much for understanding.
You were not alone. Many people think that the focus should be on curation. Upvoting and downvoting to keep the content good. The reality is after 30 minutes, no-one cares about any of the content that was created. All social media platforms struggle with good vs bad content. It is never ending and never fixing. Our system does work well because we are incentivized to curate content, but there will never be a fix. The number of users will help float good content to where it should be. Right now, we just don't have enough.
Compared to Facebook, Steemit is slow growing.
For example, in the first 6 months of Facebook, the number of "Active" users hit 1 million. We are 2 years old and not even there yet. Yes we have 1 million accounts, but we don't have 1 million "Active" users. Two years after Facebook hit the 1 million active users, they hit 12 million active users. In order for Steemit to grow as popular as Facebook or Reddit, then we need to have Billions of active users (not millions). That is a massive number. We have a very long way to go to catch up. The focus must be on growth and we cannot grow until the currency is widely adopted.
For sure. I agree that the numbers need to be closer to the Billions than Millions but for what it is it serves me very well. I've always romanticized the idea of blogging but it's never been as easy at it has been with steemit. I love that steemit doesn't make me the product that they sell.
And with regards to the active users, the numbers will grow once the whole blockchain space grows. Facebook just got into social media. Steemit is trying to get into a blockchain space. I'll bet that as soon as blockchain gets integrated within our lives, may be 5 years from now, steemit will have a faster growth rate than facebook and will be catching up