We are very happy to have you here David! Thank you for asking your audience to join us!
Would you please start getting transcripts of your videos and including those in your Steem posts because this will help all your posts rank higher in Google search which will bring more readers to your blog, viewers to your videos, and users to Steem?
One of the interesting things about Steem is that because it's money-based, it's very easy to informally delegate tasks out to people for small payment, even paying in upvotes if you have large voting power. There are loads of people who would jump at the opportunity for a small regular income such as by transcribing videos.
You could make transfers manually with the wallet page.
You could add them as a benefactor, giving them a percent of your payouts automatically. There's a tool on SteemWhales.com that allows you to create posts with benefactors who get a share of the rewards.
This fits in with one of my projects I'm currently developing, but which has taken a back seat to my notification apps. I was actually hoping to have the next week off from coding, but every time I see someone mention something that fits in with one of my projects, I feel like I have to immediately bring it to "market".. ;) I'm wearing myself out, i think. Programming 18 hours a day isn't good for the body or mind...
Ok, that's good to know. It will make it easier not to renew my server contract next month. It's been pretty expensive creating notifications for the platform, with very little support from the community (unlike say the massive support heaped on trivial and inane feature suggestions for steemit via utopian.io)....[/whinge] ;)
Who knows? You'd think that would be the first thing they'd do on a social networking like site. But here we are a year later and they still haven't done it. As it is, my notification app is at a standard where I'm happy to leave it for a while and work on other stuff. Or do nothing for a bit, which would be nice too... ;)
I've read that they should be introducing the new notification system before the end of this year. What does interest me is this other app of yours, you aren't on steem.chat?
Not much. I'm registered there, so if you tag me I'll get an email. I'm close to finishing this other project in at least a basic form, and to be honest, that's about as good as I want to make it. Eventually some developers will do a full on professional job of it, so I don't really want to waste too much of my time only to be crushed by a more professional outfit. Maybe in about two weeks I'll be able to release something.
Transcripts are really helpful for even more than that. I don't take in information in well via hearing it, I'm way more likely to read and understand a transcript.
Hi Jerry , You are my reason for joining steem. I followed you on facebook and you inspired my steem journey. I will like to connect with you as my mentor. hope to here from you soon. @attakye
We are very happy to have you here David! Thank you for asking your audience to join us!
Would you please start getting transcripts of your videos and including those in your Steem posts because this will help all your posts rank higher in Google search which will bring more readers to your blog, viewers to your videos, and users to Steem?
Good idea. I'm usually in an environment where I can't access video or audio content due to noise or other distractions (headphones are not an option for reasons of courtesy). I doubt I'm the only one.
I'm glad you added the "participate in the community more generally" point. You might also want to add a future video on how the value here actually works. The money doesn't come from nowhere. Investors in STEEM, the cryptocurrency, create the demand for the token which creates all the value we enjoy here. As much as we need more content creators and more community members to engage and vote up content, we also need investors to support the token which gives the rewards pool value. I'd love to see further discussions about how investors should look into STEEM as an under-valued cryptocurrency with 3 second block times and free transactions.
This is an exciting place to be, and I'm thankful you had the foresight to let your audience know about it.
Oh, also, I rarely do this, but I'm going to here in order to make a point. I'm going to upvote my own comment here to demonstrate how those with Steem Power can actually promote their own ideas to the top of the conversation. Lately I haven't even been upvoting my own main blog posts as I want to save voting power for other peoples' posts, but this too, I think, is an important aspect of the platform people should know about. Having influence in terms of Steem Power is valuable (when used in moderation, of course).
On the other hand, new users shouldn't feel compelled to buy stake. They'll get some over time anyway merely by using the platform, and we don't want to have too strong a sense of 'pay to play' here.
In the long run it will be good to see Steem Power widely distributed and yes, the system is only sustainable if people want to buy Steem Power in sufficient amounts to cover the dilution. I feel like those things will come naturally if the system is valuable.
Only 6,500 accounts out of over 400,000 have reached the 1MV milestone (about $500 of stake), and fewer still paid to get there. That's akin to free-to-play computer games, where 20% of players typically spend 80% of the money. At least unlike those games, the small minority of people who paid or mined or @stellabelle'd their way into a large stake are being diluted every day, spreading it out to the much larger group who didn't buy in. It's more a priority to me that those large stakeholders allow themselves to be diluted so that the system is valuable to everyone than to get new people to buy in to sustain it.
A valid point, but there is no free lunch. Dilution alone would just cause the price of STEEM to decrease over time and the new users wouldn't have much value in their votes. I think we've had quite a few "Hey, come earn FREE MONIEZ!!!" influencers here which, IMO, set a false expectation for how the economics here actually work. Thankfully, @davidpakman's pitch here was very reasonable.
Steemit certainly isn't pay to play in terms of voting, commenting, and blogging. What is pay to play is earning from the rewards pool. It may not be the curator or content creator who is paying, but someone is (i.e. the investor). Just as you said, for every 80% enjoying the rewards pool, we still need 20% in the investor class to keep the party going. My suggestion was to not exclude them by also appealing to that audience at some point in the future. If every new personality joining Steemit focused 80% on audience and 20% on investors, I think we'd have a nice, sustainable approach to growth.
I can agree with that. I, myself, this tiny little minnow, have personally invested about $200 so far into the platform/into STEEM, because I fully believe in this place and know that my money is spent on a good investment towards helping the platform grow. If I had thousands of dollars to throw into it, I would, too.
I really just want to see this platform explode and help people achieve their dreams by sharing their creative passions with the world, and I know that I will be better equipped to help people more if my upvotes on their content are generating more rewards.
Dilution alone would just cause the price of STEEM to decrease over time and the new users wouldn't have much value in their votes.
That's true, but like any good company we should ensure that our product is valuable so that people want to buy it, rather than ask people to buy because we need them to so that we stay in business.
I think we've had quite a few "Hey, come earn FREE MONIEZ!!!" influencers here which, IMO, set a false expectation for how the economics here actually work. Thankfully, @davidpakman's pitch here was very reasonable.
Agreed.
we still need 20% in the investor class to keep the party going.
For now yes. My hope is that in the long run utilitarian demand for the token will be enough that the system will be sustained even if few people buy Steem as an investment. In the old dynamic with hyperinflationary liquid Steem, it was required that Steem Power sustain the whole economy. In the current system where Steem can be a commodity of exchange, it's possible that demand for money rather than demand for ROI or for influence could sustain the system. For example if only 20% or less of total Steem was vested, with most being tied up in commerce.
That's why I'm more concerned with users than investors. If we have the largest network effect, we will be the best form of money in the crypto space. We're already far more usable for money than Bitcoin is, and we're growing fastest in places where demand for sound money is high (Venezuela and Nigeria, both countries which recently experienced hyperinflation).
We're already far more usable for money than Bitcoin is
And yet, we're getting rekt in terms of investor ROI compared to bitcoin and many other altcoins. Smart investors will buy up other cryptocurrencies even if they know STEEM is "better." They will wait patiently for more investors to catch on to what's happening here and then flood back in because they already know the value. If we all tell the whole story (including the investor potential), we may have a lot of very happy users who decided to drop in a few bucks just to see how it works prior to the future investor flood many of us think is coming.
As for staying in business, I think we're good there. Plenty of witnesses are happy to be block producers and Steemit, the company, has plenty of STEEM to pay for their expenses.
I think you're right to be more concerned with users. I even think 80/20 is a fairly good metric for that. I'm just hoping we don't forget about the 20% completely. Let's throw them some love too. :)
Couldn't agree more.
Suggesting investing outside money isn't asking for charity.
When large institutions realise how useful SP can be in influencing conversations; it'll be too late for mom n pop to enjoy any gains.
This is great and I wish you all the well in the Steem ecosystem David. ^
At the same time, please continue to be as clear as you can with your viewers so that they don't come here looking for a free lunch in any sense. If earning themselves money is why they come, most of them will they'll undoubtedly leave very disappointed.
Few have the tenacity and the connections that some content creators such as yourself have. That has to be developed.
Good man! If I had some spare SP I'd do that too (I'm loaning my spare to Utopian.io). I figured David is generally too busy producing his show to do too much browsing of the platform and voting but at least voting on comments on your own posts is a nice way to encourage engagement. Early on when I started with Steemit I made a couple of comments on some popular posts can earned about $100 STEEM and a lot of repututation from them. It was a great leg up thanks to those voters.
We are very happy to have you here David! Thank you for asking your audience to join us!
Would you please start getting transcripts of your videos and including those in your Steem posts because this will help all your posts rank higher in Google search which will bring more readers to your blog, viewers to your videos, and users to Steem?
this is a great idea. working out the logistics and timing with our limited resources will be the challenge, but one i'm up for trying to solve.
You will do great David, It's like starting with you tube again, but now you have audience and not suppression.
Jerry would probably love to help you. He does this very well.
I would be interesting in learning more about that.
One of the interesting things about Steem is that because it's money-based, it's very easy to informally delegate tasks out to people for small payment, even paying in upvotes if you have large voting power. There are loads of people who would jump at the opportunity for a small regular income such as by transcribing videos.
I would be interested in finding out how I might set something up like that
The way it's done now, you make a post tagged with #steemgigs.
Something along the lines of this:
is the amount paid based on payment through upvotes, or i just "transfer" X number of SBD to the person per video through the wallet?
Up to you.
You could pay in upvotes if you have a big vote.
You could make transfers manually with the wallet page.
You could add them as a benefactor, giving them a percent of your payouts automatically. There's a tool on SteemWhales.com that allows you to create posts with benefactors who get a share of the rewards.
Ahh Christ... looks like another week of 18 hour days coding to get my new app out before @davidpakman finds another avenue to get this sorted.... ;)
Paying via upvotes has been on my mind too, but since you're already working on that I focus somewhere else. When can we see what you've been cooking?
This fits in with one of my projects I'm currently developing, but which has taken a back seat to my notification apps. I was actually hoping to have the next week off from coding, but every time I see someone mention something that fits in with one of my projects, I feel like I have to immediately bring it to "market".. ;) I'm wearing myself out, i think. Programming 18 hours a day isn't good for the body or mind...
But aren't Steemit Inc already working on making notifications better here?
Yes, we're working on a major overhaul of the notifications system that should be ready soon.
Community Liaison, Steemit
Ok, that's good to know. It will make it easier not to renew my server contract next month. It's been pretty expensive creating notifications for the platform, with very little support from the community (unlike say the massive support heaped on trivial and inane feature suggestions for steemit via utopian.io)....[/whinge] ;)
Who knows? You'd think that would be the first thing they'd do on a social networking like site. But here we are a year later and they still haven't done it. As it is, my notification app is at a standard where I'm happy to leave it for a while and work on other stuff. Or do nothing for a bit, which would be nice too... ;)
I've read that they should be introducing the new notification system before the end of this year. What does interest me is this other app of yours, you aren't on steem.chat?
Not much. I'm registered there, so if you tag me I'll get an email. I'm close to finishing this other project in at least a basic form, and to be honest, that's about as good as I want to make it. Eventually some developers will do a full on professional job of it, so I don't really want to waste too much of my time only to be crushed by a more professional outfit. Maybe in about two weeks I'll be able to release something.
Aren't there some good programs that will take voice and transfer it to text that will make it much easier and and affordable?
Another job taken by robots. /s
me too. get out fb and youtube... coming to steemit....
Good advice @jerrybanfield would definitely make a difference
Agree. And if more of these Youtubers do this, massive success will result. Have a word with KSI and the gang. Ha ha!
There’s a lot of potential by bringing over from YouTube in my opinion.
Follow me. @handmaqueen
I followed David Pakman here. I'm just beginning to explore now. I'll have more time on the weekend to figure everything out.
I think is a good idea @jerrybanfield... to watch video is impossible for me in certain situations..
Transcripts are really helpful for even more than that. I don't take in information in well via hearing it, I'm way more likely to read and understand a transcript.
Hi Jerry , You are my reason for joining steem. I followed you on facebook and you inspired my steem journey. I will like to connect with you as my mentor. hope to here from you soon. @attakye
We are very happy to have you here David! Thank you for asking your audience to join us!
Would you please start getting transcripts of your videos and including those in your Steem posts because this will help all your posts rank higher in Google search which will bring more readers to your blog, viewers to your videos, and users to Steem?
Very interesting @jerrybanfield, You are so kind, helpful in @SteemitCommunity. For everyone, Let us work together for unity and love.
Yes I agree with you. There should be something which will transcript for other bloggers to get into it.
Здарова люди я из россии
I'm curious, did anything significantly happen for the better as far as Steemit is concerned after your request?
I'm new to this but I'm already liking it
great and practical advice
JB nice
Very good advise! Keep it up :-)
Hello im your new follower
Nyz 🎗
Will work for Bitcoin
How can I get a transcripti from Youtube? Is there an automated system or would I have to hire a Fiverr seller? If automated is it accurate?
Good idea. I'm usually in an environment where I can't access video or audio content due to noise or other distractions (headphones are not an option for reasons of courtesy). I doubt I'm the only one.
cool thx
Well said sir and i am very happy that big YouTubers like you guys joining steemit and promoting it :)
fine
ok fine
Nice suggestion it's also helpful for me. Thanks again. I see your post. That is really amazing.
Follow me. @handmaqueen
Excellent stuff! Great promo video. :)
I'm glad you added the "participate in the community more generally" point. You might also want to add a future video on how the value here actually works. The money doesn't come from nowhere. Investors in STEEM, the cryptocurrency, create the demand for the token which creates all the value we enjoy here. As much as we need more content creators and more community members to engage and vote up content, we also need investors to support the token which gives the rewards pool value. I'd love to see further discussions about how investors should look into STEEM as an under-valued cryptocurrency with 3 second block times and free transactions.
This is an exciting place to be, and I'm thankful you had the foresight to let your audience know about it.
Oh, also, I rarely do this, but I'm going to here in order to make a point. I'm going to upvote my own comment here to demonstrate how those with Steem Power can actually promote their own ideas to the top of the conversation. Lately I haven't even been upvoting my own main blog posts as I want to save voting power for other peoples' posts, but this too, I think, is an important aspect of the platform people should know about. Having influence in terms of Steem Power is valuable (when used in moderation, of course).
On the other hand, new users shouldn't feel compelled to buy stake. They'll get some over time anyway merely by using the platform, and we don't want to have too strong a sense of 'pay to play' here.
In the long run it will be good to see Steem Power widely distributed and yes, the system is only sustainable if people want to buy Steem
Powerin sufficient amounts to cover the dilution. I feel like those things will come naturally if the system is valuable.Only 6,500 accounts out of over 400,000 have reached the 1MV milestone (about $500 of stake), and fewer still paid to get there. That's akin to free-to-play computer games, where 20% of players typically spend 80% of the money. At least unlike those games, the small minority of people who paid or mined or @stellabelle'd their way into a large stake are being diluted every day, spreading it out to the much larger group who didn't buy in. It's more a priority to me that those large stakeholders allow themselves to be diluted so that the system is valuable to everyone than to get new people to buy in to sustain it.
A valid point, but there is no free lunch. Dilution alone would just cause the price of STEEM to decrease over time and the new users wouldn't have much value in their votes. I think we've had quite a few "Hey, come earn FREE MONIEZ!!!" influencers here which, IMO, set a false expectation for how the economics here actually work. Thankfully, @davidpakman's pitch here was very reasonable.
Steemit certainly isn't pay to play in terms of voting, commenting, and blogging. What is pay to play is earning from the rewards pool. It may not be the curator or content creator who is paying, but someone is (i.e. the investor). Just as you said, for every 80% enjoying the rewards pool, we still need 20% in the investor class to keep the party going. My suggestion was to not exclude them by also appealing to that audience at some point in the future. If every new personality joining Steemit focused 80% on audience and 20% on investors, I think we'd have a nice, sustainable approach to growth.
I can agree with that. I, myself, this tiny little minnow, have personally invested about $200 so far into the platform/into STEEM, because I fully believe in this place and know that my money is spent on a good investment towards helping the platform grow. If I had thousands of dollars to throw into it, I would, too.
I really just want to see this platform explode and help people achieve their dreams by sharing their creative passions with the world, and I know that I will be better equipped to help people more if my upvotes on their content are generating more rewards.
That's true, but like any good company we should ensure that our product is valuable so that people want to buy it, rather than ask people to buy because we need them to so that we stay in business.
Agreed.
For now yes. My hope is that in the long run utilitarian demand for the token will be enough that the system will be sustained even if few people buy Steem as an investment. In the old dynamic with hyperinflationary liquid Steem, it was required that Steem Power sustain the whole economy. In the current system where Steem can be a commodity of exchange, it's possible that demand for money rather than demand for ROI or for influence could sustain the system. For example if only 20% or less of total Steem was vested, with most being tied up in commerce.
That's why I'm more concerned with users than investors. If we have the largest network effect, we will be the best form of money in the crypto space. We're already far more usable for money than Bitcoin is, and we're growing fastest in places where demand for sound money is high (Venezuela and Nigeria, both countries which recently experienced hyperinflation).
And yet, we're getting rekt in terms of investor ROI compared to bitcoin and many other altcoins. Smart investors will buy up other cryptocurrencies even if they know STEEM is "better." They will wait patiently for more investors to catch on to what's happening here and then flood back in because they already know the value. If we all tell the whole story (including the investor potential), we may have a lot of very happy users who decided to drop in a few bucks just to see how it works prior to the future investor flood many of us think is coming.
As for staying in business, I think we're good there. Plenty of witnesses are happy to be block producers and Steemit, the company, has plenty of STEEM to pay for their expenses.
I think you're right to be more concerned with users. I even think 80/20 is a fairly good metric for that. I'm just hoping we don't forget about the 20% completely. Let's throw them some love too. :)
Couldn't agree more.
Suggesting investing outside money isn't asking for charity.
When large institutions realise how useful SP can be in influencing conversations; it'll be too late for mom n pop to enjoy any gains.
im folllowing you now @lukestokes. You seem like the kind of person i can learn a lot from Sir.
I had no idea how that worked. I need to watch a few videos on proper use of steem power.
Thanks for the Minnow Support Program shoutout too David !
I just rented a little bit of SP for you for the next month so you can vote yourself and your supporters for ~$0.16 each vote now :)
I'm sure even without my assistance you'll be a whale in no time
thanks very much, i appreciate it hugely!
Added some more delegation to your account from my stake to help you engage and reward your growing audience. :)
thank you so much, I really appreciate that!
This is great and I wish you all the well in the Steem ecosystem David. ^
At the same time, please continue to be as clear as you can with your viewers so that they don't come here looking for a free lunch in any sense. If earning themselves money is why they come, most of them will they'll undoubtedly leave very disappointed.
Few have the tenacity and the connections that some content creators such as yourself have. That has to be developed.
Good man! If I had some spare SP I'd do that too (I'm loaning my spare to Utopian.io). I figured David is generally too busy producing his show to do too much browsing of the platform and voting but at least voting on comments on your own posts is a nice way to encourage engagement. Early on when I started with Steemit I made a couple of comments on some popular posts can earned about $100 STEEM and a lot of repututation from them. It was a great leg up thanks to those voters.
I really enjoyed your video and the response on Youtube is pretty convincing already.
It was fun to have you on MSP Waves Radio! The whole show was awesome!
minnowsupportproject.org
Hope so!
I'll resteem this and put in my 0.02 steem to make this go Steemviral!!
thank you good sir!
Hey @meno you're really kind and thank you I appreciate your comments 👍🙌
Wow. Lovely video. So intriguing. I wish I could fight my fear. I love vloggers
Thankss! Mainstream!
As more and more youtubers realisze that, steemit will explode in user count
Write choice!