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RE: Time To End The Biggest Failed Experiment On The Steem Blockchain!!!

in #busy6 years ago (edited)

Here is the deal: do we want value or do we want quality? It is one or the other.

It is not one or the other, yet lack of quality will depreciate the blockchain's value, in my opinion.

People seem to see the steem blockchain as a substitute for such social media platforms as Facebook. Seen that way then numbers of users are an important factor in relevance. However it is my understanding that the steem blockchain is meant to support a blogging platform, not a social media platform. Seen in that light then quality matters.

In my mind the true value (and most potentially monitized aspect) of the steem blockchain is its content. The greater the quality then the greater the value, in my opinion.

Imagine a condenser node delivering embedded Adsense-like Ads to users who are not logged in to a steem account or choose to have banners displayed through account settings.

Imagine a fairly automated system whereby an advertiser can bid (auction style) on time and time zone they wish to have their banner(s) displayed. Imagine such payments going into a transparent public wallet and the net income, automatically distributed (via software) according to stake among all active users by using the vested steem interest payments routine(s).

We could offer half the payment of the advertiser to the viewer of the banner providing they were a logged in steem account, so as to incentivize the use of the site as well as offering another stream of reward.

Should such a scheme be profitable then why would good quality bloggers want anyone but other good quality bloggers to share in this revenue stream?

This idea is being formulated as a bounty project with the @devcoin team and still awaits consensus agreement before being publicly offered.

Our content is our biggest value of the blockchain no matter what Voting Bot dApp Merchants (some presently sitting in the top 20 witnesses list; as well as the very panel written of in this post) may tell you.