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RE: A Simple Title: How To Generate Billions to Pay the Bills
Just listening to @pennsif's radio show. Someone said there are really only a few thousand active Steemians and that's just not enough to interest any big advertisers, especially as they are spread over the world. We reckon there are less than a hundred in the UK!
I'm wondering how vote selling would scale if Steem could actually grow to millions of users, but if people keep delegating to them it will continue. I don't have easy answers
Like I said in the post, the moment the vote selling becomes as successful as it can possibly get is the moment the business model falls in on itself. With only 20-50 top slots to "promote" in, if hundreds wanted those top slots all at the same time, it would take one day, actually less, for the whole thing to become pointless. People would promote for 10 seconds worth of visibility because someone else came along to push their posts away. Meanwhile, actual content producers are nowhere in sight, meaning they left, so it would only be a few thousand folks scrambling for top slots and nobody looking at them. One day is all it would take. It can't scale. What I'm talking about in this post allows it to scale, but also gives the actual content producers their stage back so they can succeed as well. Organic eyes viewing organic content is what's needed, but this current model chases those eyes away, and robots can't see nor judge. I've tried my best to point out this flaw for nearly one year. I didn't want it to fall apart like it has now, long before people even knew it would fall apart.