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STEEM: Only Speculation Here On Out by inertia

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· @inertia ·
$1.18
STEEM: Only Speculation Here On Out
#### I'm not saying there was ever any other strategy before, but the [Steemit, Inc. 2017 Roadmap](https://steemit.com/steemit/@steemitblog/steemit-2017-roadmap) makes no mention of any kind of revenue strategy, at this time.  So this means, at least until 2018, the only revenue model is speculation on the STEEM token, and that's it.

![stock-exchange-1222518_1280c7468.jpg](http://www.steemimg.com/images/2017/01/19/stock-exchange-1222518_1280c7468.jpg)

---

Why isn't there a plan for ROI (Return on Investment)?  Most companies show their expected revenue from certain products they outline on their roadmap.  Something plausible, like ad revenue.

#### Why not ads?

1. Steemit, Inc. currently wants to remove the barrier to entry for new users and they see ads as a barrier to entry.
2. If steemit.com starts monetizing by ads, anybody could set up steemit2.com without ads and display the same content.

Got it.  No ads.

#### Why invest in STEEM?

Official answer: We need more eyeballs.

This is fine, but it's not a direct path to any kind of ROI.  I can see how greater attention to the platform will boost the value of STEEM.  But that's indirect.  That's speculation, not an ROI.

#### Where's the ROI?

If I give you $1,000, what's the exact mechanism you'll use to give me back $1,001?

There is no strategy for this apart from pure speculation.  The advantage of not defining a clear ROI is that no promises are being made or implied.

#### Is speculation enough?

Steemit, Inc. apparently believes it is.  It's a young platform.  Other platforms, without a blockchain, have offered even less for investors, yet many of them were successful.

Although, that last point might require heavy use of confirmation bias.

---

See: [Roadmap Interview with @sneak from Steemit Inc.](https://steemit.com/roadmap/@steemspeak/steemspeak-ama-interview-with-sneak-from-steemit-inc-about-the-2017-roadmap-must-hear-for-all-steemians)
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vote details (122)
@dwinblood ·
It would be interesting if people could buy ads for the side areas of the browser that are largely empty now, and have any such ad be done by purchasing with steem or sbd.    Then perhaps have that payment be recycled back into the reward pool.   This way you could have the normal inflationary reward pool + the additions to that pool from ads.   This way everyone in the community would see benefit from ads, and the reward pool would not be 100% inflationary as it currently is.
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vote details (3)
@jacobts ·
Ads make it a Marketing platform ala Faceboo and Twitte. And if it's no different than those two, then what makes Steemit different?

Remove bots, and all that STEEM is back in the pool for creators.

just a thought.
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@raymonjohnstone ·
How do you remove bots?
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@jacobts ·
I wouldn't know. It's just a thought. Not even suggesting the removal of bots. But if they were gone, then who takes their place?  Peeps.
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vote details (1)
@screenname ·
Re: STEEM: Only Speculation Here On Out
<p>This post has been ranked within the top 50 most undervalued posts in the second half of Jan 19. We estimate that this post is undervalued by $6.75 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jan-19---part-ii">The Daily Tribune: Jan 19 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@sigmajin · (edited)
>Steemit, Inc. currently wants to remove the barrier to entry for new users and they see ads as a barrier to entry.
If steemit.com starts monetizing by ads, anybody could set up steemit2.com without ads and display the same content.

there is a third reason.  ads just don't make that much money unless youre a huge website.

As an example, i think i read once that 2p2 made about 300 a month from their banner advertising, and theyre a huge (if specialized) forum  with a  top 5 search engine exposures.  

I agree with you about the speculative nature of the project being troubling (and, imo ultimately unsustainable) but ad revenue is simply not a viable solution.
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vote details (2)
@technocomanche ·
http://i.imgur.com/TNX4NgV.gif
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@kingscrown ·
i love this symbol
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