You are viewing a single comment's thread from:

RE: CONTEST! | Operation Mass Adoption | 12,000 Steem in Prizes

View the full context

alexs1320 in #contest • 6 years ago (edited)

Please, people, forget the fee. It doesn't work like that, people will think it's a scam.

Have you ever seen that any company has such a model?
Join Facebook, Instagram, Uber, Yahoo Mail, G-mail... with a small fee?

No! It's Free! Because they know how to "cache out" their users. You need to learn that. It's not bad.

Please, do the math:

number of new users, 1.000 x fee
number of new users without the fee: 5.000 x 0 but... The price could rise up from 0.3 to 0.5 $ everybody win

Also, 300 Steem is nice, but it's 100 $, it's not all that much. It's one day salary.

It would be waaaaaaaaaay more efficient to organize the contest for something, the best photo. Or to sponsor the contest on some other platform *(GuruShots or DpReview or....) and give at least 500 $ to the winner.

Or find someone promising on Patreon and make a contract:

we will upvote you 30 x 50 $ = 1.500 $ per month
if you promote us with the goal of attracting XXXX new users
if you succeed, we will continue the collaboration

Growth must be natural, effortless. There must be a content to bond the users.
How do you expect us (amateurs) to bring people to something to write about something and to pay a small fee to join in?! so they can earn 0.01 $ per post (median value).

And, if they join, why do you expect them to stay?
The ecosystem was the same for 2 years, what will be different this time, and why do we expect a different result?

6 years ago in #contest by alexs1320

0.00 BPC

13 votes

Sort:

Trending

[-]

gray00 6 years ago

Facebook isn't like Steem. Steem is freedom software. Facebook isn't. users should value their freedom and invest into it.

0.00 BPC

2 votes

[-]

alexs1320 6 years ago

Just dream about it...

That's the main problem with "crypto people".
You don't understand the world. You simply don't get it why Coca Cola is great, why McDonalds is great, why Facebook is great.

Once you realize that, Steemit will maybe move forwards.
I honestly believe that it will simply vanish before it happens.

0.00 BPC

5 votes

[-]

madalchemist 6 years ago

Steemits a fucking cult asking them to look at this as an outsider is impossible.

No one is going to join a site you have to pay for. And later you will find somewhere around your 2nd post that you need to buy steempower or buy votes or no one will vote for you, but its totally not a scam though. Oh you can only post like once a day with a free account, buy more steem buy buy buy.

0.00 BPC

3 votes

[-]

alexs1320 6 years ago

No one is going to join a site you have to pay for

100% true. Hell, it's not even possible to sell porn there days :D

you will find somewhere around your 2nd post that you need to buy steempower

True again...

This is why I'm repeating like a parrot: don't call amateur producers, because there is not enough producers. You need a hundred or less professionals and a lot of consumers.

I suppose that you know that 1:10(0) rule?

0.00 BPC

2 votes

[-]

gray00 6 years ago

Nothing in life is free. "Free" social media means you are the product. Steem isn't steemit. Steem is decentralized. It's got backups upon backups and is freedom software. Freedom software enables you to talk freely like you are doing now. Free as in the cost social media will only last so long. Blockchains like steem can last for Decades when the users care. (bitcoin is 10 years old) And we will continue hosting the chain and IPFS content for decades because it's the best place to put my data. I feel secure having my data with Steem. You don't need to buy any Steem and many users never bought a single cent. So that reality you call it, you have to pay money for steem use is false. Accounts are made for free all the time and SP is given from friend to friend. :)

0.00 BPC

2 votes

[-]

alexs1320 6 years ago

Steem is decentralized

Good... How is it different for me if there is a single server. If there are multiple servers controlled by a single company and if there are witnesses. From the perspective of my experience - it's the same.

means you are the product.

Value of crypto is correlated with the number of users. This formula was proven every time. That means - you are a product

Blockchains like steem can last for Decades when the users care

True... But you don't want it to last, because every love is fading away. You need some influx.

> And we will continue hosting the chain and IPFS content for decades because it's the best place to put my data.

Bingo! That could be THE PRODUCT

That could/should be the selling point for Steem(it), not previously mentioned. But this one

0.00 BPC

1 vote

[-]

anomadsoul 6 years ago

My math say 300 Steem is 3,000 usd in 2 years :) you just need a holding and stacking mentality.

Thanks for the feedback, we will definitely consider this for future contests.

0.00 BPC

3 votes

[-]

alexs1320 6 years ago

I would be more than happy in that case, because I would have enough for a Ferrari

My question is: what do you see as the positive trend to back up such a claim?

Here is the problem that I see:

Steem is worth 0.3 $ at this moment, target is 10 $
roughly speaking, it's x30
if it follows the rest of the cryptos, market cap will be about 250 x 30 = 7.500 billion $
Microsoft's revenue per year is 100 billion
Apple, Amazon and Microsoft are in 800 b$ range = 2.500 b$
Facebook and Alibaba are in 500 b$ range = 1.000 b$
Exxon, Johnson and Samsung are in 300 b$ range = 1.000 b$

Why do you think that crypto could be worth more than all of the listed companies?

Option 2:

Steem goes up x10 vs BTC
BTC goes up to 20-25k

This is more realistic.
Now... Is there enough energy remained on Steem(it), because other 30+ cryptos surpassed Steem during the last year

0.00 BPC

7 votes

[-]

igster 6 years ago

Well things are looking better now more than ever with the new leaders and cost cutting, which has been major factor since Steemit funded itself only from selling Steem and they had running costs above 200k/month

0.00 BPC

2 votes

[-]

alexs1320 6 years ago

Steemit funded itself only from selling Steem

What a lovely perpetuum mobile :D

0.00 BPC

4 votes

[-]

igster 6 years ago (edited)

Well, there's really no problem in that activity other than Ned seemed okay spending over 200k/month for servers... for years causing a huge downward pressure on price. You can also see all the little changes that are happening under the new lead. If only we'd had such leadership from the beginning, makes an investor a bit sad.

We'll see if Steem recovers, hopefully we sort out our content discovery first so people won't just come due to spike in price and leave right after seeing that trending is just reserved for advertising and manual curation is minimal.

0.00 BPC

2 votes

[-]

alexs1320 6 years ago (edited)

In that case, Ned can't do math / doesn't have a product / business plan.

200 k/month x 12 months = 2.5 M/year

FB is making 50... 50.000 M/year

Complaining about spending 2.5 M per year is childish.

Reason No.2 to support my first sentence is the fact that Ned started with several million.

5.000.000 Steem x 0.3 $/Steem = 1.5 Million $ = servers are expensive

If the product *(Steemit) were good, Steem/BTC ratio would remain the same

5.000.000 Steem x 3 $/Steeem = 15.000.000 $ = he can run his servers from a mention. For years. Even if not profitable

0.00 BPC

4 votes

[-]

igster 6 years ago

Yes, considering the current userbase Steemit has, just spending few millions to run servers alone was insane and resulted in a huge, constant, negative pressure on Steem prices since that was the ONLY revenue source for Steemit inc for a long time. No matter how good the product is, that kind of activity from the founders themselves will drive the price down, especially if they aren't making people feel confident about the future of the system through their own actions. If there would be enough demand to support high Steem prices, then sure, few millions in expenses wouldn't be bad for Steemit Inc, but in these early days, it's crucial to have some upward momentum in price discovery, as that will attract big investors and more users. Currently we're ranked at #63 coinmarketcap, that's very bad spot to be in and it'll get even worse if we manage to fall out of top 100 since what we need is exposure.

I don't think Ned had any previous experience of being CEO, nor did he himself build Steem, Dan did and he left to build EOS. It took a lot of time and effort from community to convince him to just hire professional and save this sinking ship. And the difference has been like night and day ever since. We're actually seeing some sensible additions to Steemit, we're seeing improved communications and that means a lot in a ecosystem like Steem.

0.00 BPC

2 votes

[-]

alexs1320 6 years ago

I will continue my power down and I'll keep buying other crypto from earned Steem.

Hopefully, it will survive for a month or two

0.00 BPC

4 votes

Show 2 more replies

[-]

roguescientist84 6 years ago

I have been trying to get several friends who do or could post interesting content and so far only got one in. It's like pulling teeth. The paying to join is a huge deterrent, but also people are skeptical. I hope steemit does not fail, but part of me thinks it may be to soon for this. However, Facebook is dying and now is this best time for onboarding, however the growth I see here is nil or abysmal.

Posted using Partiko Android