ATTENTION: there is no income for steem, so the project value is going to zero. I invite all steem fans to tell me how steem earns money itself.
Please don't tell me steem pays money with creating new steem. I have studied all business plan about steem. Please think deep about steem real value. I know steem is paying, anyone is earning money from steem, etc. all of the steem team members says steem is paying its user just like Bitcoin. Bitcoin reward miners by creating new bitcoin and steem reward users creating new steem. please pay attention that real money and value of bitcoin comes from real demand(not speculator demand) that people want to use bitcoin because of the nice features this service have VS banking system(like fast tx, low fee, privacy etc). otherwise, cryptocurrency is only a computer code and does not have any value till people want to use them(Real Demand). as you know growing demand for bitcoin was more than supply(creating new bitcoin) so demand/supply rule grows its value.
Steem is a really nice idea. Social network based on the blockchain. Everyone knows social network earn much money like Facebook, Instagram, Reddit, etc. but my real problem is approximately all of the real value and money of social network comes from advertisement. the real point is steem does not have any advertisement. if there was advertisement protocol/plan it was OK for me. so advertisers pay money to steem because of its community and this real income distributed to all active users instead of one centralized company.
So make sure if steem project does not change its plan to earn money for the system, it fails in the future.
All of the money comes from selling STEEM and SBD on exchanges and to users man. Its pretty simple- you create a product that has actual uses (STEEM token) and give it a market place to buy, sell and trade. The value comes from its usefulness as a tradable commodity and social impact through the Steemit platform.
Dear
please pay attention that this product does not have actual/real uses. every person is using steem token because of his/her profit. so it cannot be true that all the users earn money and nobody pays money. someone should pays money for service.
when 10 people have money and want to earn more money if they do nothing and buy something shared between them no one can give profit unless someone loses money. services/ valuable things make money, because peoples pays money for using services or reciving values.
wrong , steem can be used to promote Posts.
This is the answer.
In many ways, the Steem currency is much better than bitcoin. Steem has three second confirmation times, and zero transaction fees. There are many other advantages to Steem as well.
Thanks man for your reply.
But anyone knows that all the people are using steem for its social media platform and earning money. no one use steem instead of bitcoin and ethereum because of fast tx time, etc. scaling and fast time is needed when one currency have massive adoption and usual people are using it in their normal life(ordering stock...). for now steem does not use anywhere instead of steem platform(mostly steemit domain). @timcliff
That's the deal with pretty much all the 'alt coins'. BTC does not really have anything to compete with them as far as functionality/features. The main thing it has is that it is the most widely adopted and well known coin. If another coin could overtake BCT on that, then there isn't a great reason why it couldn't also overtake BTC in price. It is obviously hopeful / wishful thinking, but on the other side to completely count out a coin like STEEM simply because it is not BTC seems like a mistake. Also, there are a lot of places to use STEEM beyond Steemit.com. It at least has more widespread adoption than itself. BTC did not start out with widespread adoption either.
It is of vital importance to consider where is the value of any token and where can if come from in the future, so you are on the right track. Nowadays, during early stages, mass adoption is the number one factor. Amazon, Google and Facebook defied earlier business models by offering so much value for so little return, at first.
Often in business today, you have to give, give, give before you take anything. It doesn't work the way the brainwashed masses have been taught where every situation is win-lose (politics) or lose-lose (violence, war). The market is the only system that provides win-win situations. When you trade anything, even money for bread, both sides win, otherwise they would not make the trade.
@lyfo
Thanks for your reply.
I know that blockchain strategy is win-win for anyone who uses blockchain. but I cannot accept that when you trade anything, makes value.
when you trade something very much, price of it grows. but it is not mean value is also growing. sometimes massive demand for a thing makes bubble and price grows very fast. but after sometimes(depends on many factors) price break and many people lose their money.
So nothing could be valuable just because of trading. because in real amount of trade for something should come from its value. everything should have a real value and give service/value to grow and reamin in the future, otherwise disappears.
Congratulations @itman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPYou might have noticed it says “beta” up in the corner. For now the price point that people are willing to pay for steem more than supports it. Our ups and down are like any cryptocurrency in months leading up to August first and the optional risk that bitcoin faces.
Steem is different than most cryptocurrencies because of the way it allows communities within it to build themselves up. You will notice when looking around there are a lot of different kinds of projects some of them heavily supported by the community and other not so much. This makes the platform extremely flexible. It empowers the user to go out there and build a reputation for themselves with the support of Steem. This in turn causes people wanting to invest and support it. More importantly it creates word of mouth promotions of Steemit.
Have you ever heard of a Bitcoin Park? Yet our community made a steem park.
https://steemit.com/steempark/@hitheryon/steem-park-the-first-public-design-project-funded-by-cryptocurrency-press-release
With how flexible it allows people to be it’s the perfect place to launch cryptocurrency projects. Ever heard of #steemgigs most people have not. I consider it to be very early in its development so far. Check out that hashtag and you start to see projects and even company starting to use Steemit among its many users. Check out there page.
@Surpassinggoogle is a very interesting person behind a lot of projects here including things like steemgigs. This was his recent thing he is working on. No big deal he just talk with a company in Dubai about why they should invest $1 million into Steemit. He simply wants to create a market place.
Steemit is cryptocurrencies social media platform. A lot of people in youtube, Instagram, twitter, an all the “normal” social media platforms are hearing more and more about Steemit. They are coming over here and starting to share their content here as well. What does that mean for Steemit? Well naturally these people will want make the most out of their situation. Which means brining on board the advertisers they are already working with to pay them even more to advertise on Steemit. That only helps bring the name into even more boardrooms around the world.
Dose Steemit have everything work out iron-clad sealed and delivered? Heck no, not even cryptocurrency as a whole has that sorted out yet. I’m sure you have noticed cryptocurrency as a whole was able to shed 30 billion in marketcap rather fast and then regain it back. With all the mess bitcoin been as of resent it just shows everything is still growing.
The most interesting thing here is the currency itself. The people you see “draining” the system that you are trying work out if you should invest in or not that you are viewing as “a threat” are just a small amounst. A couple of days ago you could buy steem at $1 it’s already averaging out at $1.50. It has its ups and downs just like everything else in this market.
At end of the day it’s up to you if you feel you want invest. That will require you to do a lot more research then the little bit I have added to your blog. Dig into some wallets https://steemdb.com/accounts/steem do researches get to know people. It’s the only way for you to ever see if this is something you want to be involved in or not. hey you might even start to notice those “advertisers” you seem so attached to are even hiding among us.
@enjar
Thanks for your reply.
sorry but I did not understand is there any advertisement protocol/plan on steem platform for future(after beta).
if yes please share me the documents that I can research on this protocol.
Thanks
Nothing public with a hard outline. Are you looking to invest advertisement money into a platform? We really don't tend to be a place that has a lot of rules. A standard advertisement relationship simply does not fit their current business model. They don’t want be the next YouTube or Twitter where companies pull advertisement money out and force that company to “fall back in line” to get the money. People value free speech more than anything else here. If you are expecting “YouTube level of advertisement friendly” then this place is far from it, and its best to look elsewhere. People in general do not want ads running alongside/on their blogs. Besides that an old business model that will die off from better ad blocking measures.
If you’re looking for rules and regulations for paying a blogger here to advertise then I do not believe there is anything in that regards. We are more of a “does the blockchain allow it” place. Therefore, if you choose to pay a blogger here 20,000 STEEM to promote your new line of shoes then by all means go for it. We are not set up with a marketplace that handles the legal agreements for that. That would have to be something creating by a member of the community who choose to run it and gain trust worth reputation. A major project like that would require the backing of a few witness who put their trust and name behind such an endeavor. For anyone to trust it.
Without advertisers burning Steem to get their content in front of Steemians there's little to no value proposition for investors. There is only value being sucked out from content creators. Many don't invest and just constantly power down. Steem needs to focus on getting advertisers in ASAP! I am only talking about no invasive ads like at www.coinmarketcap.com Just giving a cool place for bloggers to come write stories does not bring value into the system. Yet again, Steem INC. does not get it.
@hedge-x
on below blog:
https://steemit.com/marketing/@steemitblog/the-2017-steem-growth-plan
Nope, it’s you not getting it. Its ok, there are things money just can’t buy you in life. Like understanding the true value of human capital and how that impacts things like this site. Steem at a $402 million market cap. Don’t need advertisers on this site now did they?
It is based on the blockchain.
And basically it also follows the basic principle of crypto-currenciesI