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Nitrous is going open source!!! by aggroed

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· @aggroed ·
$16.50
Nitrous is going open source!!!
https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmRyQGq91TECBfsCqbNsRvqdqZD4ktmbgu8rGXPK4yvTcY/image.png

The github for Nitrous is now live: https://github.com/eonwarped/nitrous.  It's fully open source.  You can track the changes we're making and see how we're turning condenser into a more revenue friendly tool.  We started closed, but it didn't long to decide to open source it.  As I mentioned before you can go from closed to open, but going back closed is impossible once the genie is out of the bottle.  So, we just took a few days to make sure it was the right call for us.

Now that we are open source it means that if you want to see Nitrous do more things you can help!

## Critical Priority

Getting revenue in the door as soon as possible for users of Nitrous is our highest priority.  Steemit.com is integrating freestar (I think it's freestar.com) services into their site.  Adwords and other options exist to generate revenue.  We're going to work on this ourselves, but if anyone that's part of the open source movement wants to help us that would be great.

Short term figuring out how to easily allow custom instances of Nitrous to incorporate adsense or similar ads would be very helpful!  More broadly though...

# Problem Statement
The challenge for the steem ecosystem is finding advertisers, and it's especially hard when sites are new.  If we go with some of the traditional advertising it'll make money in the short run, but in the long run utilizing other people's ad systems will always net less money than if we run our own.  Furthermore, the adwords stuff will likely generate less revenue than a crypto based system.  It'll also likely do things like pay in fiat, which isn't always convenient.  In short we need our own ad revenue system that can tie all Nitrous instances together.

# Vision Statement
In my vision for Steem Engine and Nitrous there's a central place that advertisers can purchase ads and site operators can sell ads.  There's a market for it.  There's a top banner, side banners, and bottom banners (feed is through promotion in the site rather than banner ads) which can be traded.

The closest thing I can think of is Nicehash.  An advertiser puts up a bid for 1 cent per click for 1000 clicks, and if they are the highest bidder their advertisement will run.  They put money into a contract or account to start the ads and the money is transferred as the ads run.  If a different advertiser comes along and is willing to pay 1 eng per click for 1000 clicks then sites would switch over to showing those banner ads until they run out money, and then revert back to 2 eng per for 1000 click ads.

Steem-Engine would take a small cut (3-5% initially and trend down over time as volume increased) of the action for facilitating the trade and expanding the use cases and tooling.

Now with this system functioning people with sites that generate traffic will get money which should in theory offset what they have to pay to run the site!  

# Market cap

The second way sites make money is doing "programmatic selling" like steemit inc does.  Hopefully these nitrous sites have much smaller costs than Steemit Inc does so the programmatic selling can be much smaller.

Steem has 1M accounts and 50k active users.  It has a market cap of 110M.  How much do you think a community with 5k active accounts will be worth?  Do you think you can make a community with 500 or 5000 people?  Does that seem attainable?

If steem-engine.com charges for scotbot or Nitrous do you think you can use ad revenue that will come along soon or selling tokens to settle the cost?


  
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 348 others
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vote details (412)
@bewarecenterbase · (edited)
Hi @aggroed,

Thank you for making steem-engine which expands token economy greatly.

I am issuer of steem-engine TEST token, https://steem-engine.com/?p=history&t=TEST.
I am suffering from a kind of error, I believe, and I need to report the error to the service provider.

But I don't know where I can report the error to the steem-engine team since I don't use Discord yet, and here I write.

I found a very simple but critical problem in steem-engine function, in my humble opinions.

Please see https://steemit.com/sct/@bewarecenterbase/steem-steemengine-token-how-can-i-encrypt-steemengine-transfer-memo-does-not-work-as-in-steemwallet-1558180408128 
and please give me your advices for me.

Thank you in advance.
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@blockchainstudio ·
Hi @aggroed, check this out: [Nitrous & SCOTBOT shouldn't allow unstaking less than 5 days to prevent VP double spending](/@blockchainstudio/nitrous-and-scotbot-shouldn-t-allow-unstaking-less-than-5-days-to-prevent-vp-double-spending)
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@guruvaj ·
👏🏽👏🏽👏🏽💓💪👍🏼☕️

Posted using [Partiko iOS](https://partiko.app/referral/guruvaj)
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@ivanstrength ·
aggroed you are a machine, keep it up.
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@pnc ·
I believe a communty wit 500-1000  account is attainable . There are so many community outhere that we quickly get the advantage of having their  content on an easy website using steem model.  We will need lot of education before.
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@steem-plus ·
SteemPlus upvote
Hi, @aggroed!

You just got a **0.16%** upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in [here](https://steemit.com/@steem-plus) to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
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@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/aggroed__nitrous-is-going-open-source.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@uyobong ·
$0.02
Looking better now with this. Going open source is amazing.
Thanks @Aggroed and team
👍  ,
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