How do you think the STEEM model would work?

in #steem • 8 years ago

I'm always getting frustrated when a see some big pump (STEEM's rise in price was not natural), because a lot people are dragged into and eventually leads to big (if not huge) personal losses. I did some fast research (like 20-30 mins) on STEEM and the way I see it some posts could earn like $250 to the original poster. As far as I understand, these money should be paid by users, not by STEEM itself.

According to this graph, Facebook earns about $3.73 per user on average, on every three months (i.e. ~$15/year). FB alone has about 1.65 billion monthly active users, which means that their revenue is about $24,618Bn/year. Yeah, but it's seems that this math is wrong, because according to several sources, FB's revenue for 2015 is around $18Bn. I only have 2 questions.

  1. Why do you think a post on steemit should worth $250?
  2. How they will deal with posts containing illegal materials?

My personal opinion is that STEEM is doomed to FAIL.

8 years ago in #steem by
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     8 years ago (edited)
    1. The comparision to FB is not relevant - they do not compensate their users and you tried to compare average income per user to some "way I see it some posts" estimation of 250$... if you at least compared to an average post income it would make some sense.
    2. Posts can be flagged, it's a free market and the users decide who will benefit.
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