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RE: The curse of advertising revenue

in #steemit7 years ago

I wholeheartedly reject this idea! Not because I'm against seeing advertising or because I think it would be a failure or anything like that, but because it makes absolutely no sense to me.

Compared to the big dogs that can rake in serious advertiser money, Steemit is still a tiny community. This means that if you would run ads, the revenue would by no means be a cash cow.

The money we are making on the steem blockchain per view are really stupendous compared to what advertising could ever hope to make. What some of us earn from just 10 views could be something that regular websites generate with thousands of impressions.

This means advertising here could only ever be a drop in the bucket.

If the company running Steemit was strapped for cash, they could do other things to start making money like posting regularly without declining the rewards. But more importantly, we need to keep in mind that they are huge steem holders which means that the best way to increase their earnings would be to make sure the value of Steem keeps climbing.

Additionally, the moment an interface starts showing ads that are annoying, there would immediately be somebody who would be happy to make a clone without ads. So ads are not really sustainable as you can't have monopoly on neither the content, nor the audience.

So worry not, advertising is not coming to steemit in any meaningful way.

Still, I agree that business could really start using the steem blockchain for advertising their services, but I don't expect it to impact the user experience that negatively. I was planning a post about how I saw that working in the future, but your concerns will not force me to reevaluate everything I am thinking about in that regard. Thank you for that! :)

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That is an interesting view, thank you :)

there would immediately be somebody who would be happy to make a clone without ads.

You know, I forget how easy this is to do here :D

I actually have some ideas how advertisers could make very good use of Steemit/steem. Tag me somehow, somewhere whe your post is ready :)

Tag me somehow, somewhere whe your post is ready :)

Will do, but I don't know when I'll do it now when you have make reconsider some angles ;)