create account

RE: Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding. by connecteconomy

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @exyle/steemit-com-is-running-at-a-loss-start-generating-revenue-or-get-out-you-are-strangling-other-applications-from-succeeding

· @connecteconomy ·
$0.08
What happens if steemit inc makes such a loss that they have to shut down Steemit.com? 
That would pretty much be the end if understand you correctly, right? Because the other interfaces are not really ready to take over or can’t afford the full nodes needed. 
Hm... 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
πŸ‘  
properties (23)
authorconnecteconomy
permlinkconnecteconomy-re-exyle-steemit-com-is-running-at-a-loss-start-generating-revenue-or-get-out-you-are-strangling-other-applications-from-succeeding-20181203t114519428z
categoryexyle
json_metadata{"app":"partiko"}
created2018-12-03 11:45:21
last_update2018-12-03 11:45:21
depth1
children3
last_payout2018-12-10 11:45:21
cashout_time1969-12-31 23:59:59
total_payout_value0.063 HBD
curator_payout_value0.021 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length329
author_reputation177,018,273,436,289
root_title"Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id76,289,267
net_rshares136,610,498,267
author_curate_reward""
vote details (1)
@exyle ·
No, Steemit inc doesn't own the blockchain. They do develop for it and own the website Steemit.com.

Everyone can setup a full node. And some have (previous post). So the blockchain will always be there as long as these nodes are alive.

But Steem inc. does own a lot of the infrastructure that apps use currently to access the blockchain. 

I want to see this change. More decentralised. But it costs money. Being able to Generate revenue is therefor a must.
πŸ‘  ,
properties (23)
authorexyle
permlinkre-connecteconomy-connecteconomy-re-exyle-steemit-com-is-running-at-a-loss-start-generating-revenue-or-get-out-you-are-strangling-other-applications-from-succeeding-20181203t130106275z
categoryexyle
json_metadata{"tags":["exyle"],"app":"steemit/0.1"}
created2018-12-03 13:01:06
last_update2018-12-03 13:01:06
depth2
children2
last_payout2018-12-10 13:01:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length459
author_reputation1,231,514,672,678,036
root_title"Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id76,292,114
net_rshares2,566,323,627
author_curate_reward""
vote details (2)
@connecteconomy ·
Yes.. I think part of the community would be *really* against accepting advertisement, but we have to see Steemit as a business. 

Ideally the Blockchain and community could sustain itself by constantly adding value and keeping prices at a certain level. But accepting ads could be a great way to transition to that stage. It could be an interim solution.

Unless of course Steemians would be incentivized for allowing ads in their feed. Like the Brave browser does. A fair revenue share - then everyone would be for it, I guess :)

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
properties (22)
authorconnecteconomy
permlinkconnecteconomy-re-exyle-re-connecteconomy-connecteconomy-re-exyle-steemit-com-is-running-at-a-loss-start-generating-revenue-or-get-out-you-are-strangling-other-applications-from-succeeding-20181203t133615607z
categoryexyle
json_metadata{"app":"partiko"}
created2018-12-03 13:36:15
last_update2018-12-03 13:36:15
depth3
children1
last_payout2018-12-10 13:36:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length593
author_reputation177,018,273,436,289
root_title"Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id76,293,543
net_rshares0
@markkujantunen ·
$0.02
<blockquote>
Yes.. I think part of the community would be really against accepting advertisement, but we have to see Steemit as a business.
</blockquote>

Those people have no business interfering when adults talk real business. Unless they're ready to pay up to cover the infrastructure costs themselves, they should shut up. 

<blockquote>
Ideally the Blockchain and community could sustain itself by constantly adding value and keeping prices at a certain level. But accepting ads could be a great way to transition to that stage. It could be an interim solution.
</blockquote>

You can add value all you want but getting money out of it is the crux of the matter here. Advertisements or other type of paid promotion, subscriptions and tipping are the only viable long-term solution. Relying on a game of greater fools can work for while but it will end in a pile of rubble eventually.

<blockquote>
Unless of course Steemians would be incentivized for allowing ads in their feed. Like the Brave browser does. A fair revenue share - then everyone would be for it, I guess :)
</blockquote>

That, and nothing less or nothing more, is what makes a blockchain-based solution like Steem unique. Distribution is guaranteed to be safe from the arbitrary dictates of a central authority. The way to monetize content is exactly the same as with traditional social networks. The only differences are in distribution and governance.
πŸ‘  ,
properties (23)
authormarkkujantunen
permlinkre-connecteconomy-connecteconomy-re-exyle-re-connecteconomy-connecteconomy-re-exyle-steemit-com-is-running-at-a-loss-start-generating-revenue-or-get-out-you-are-strangling-other-applications-from-succeeding-20181204t104901074z
categoryexyle
json_metadata{"tags":["exyle"],"app":"steemit/0.1"}
created2018-12-04 10:49:00
last_update2018-12-04 10:49:00
depth4
children0
last_payout2018-12-11 10:49:00
cashout_time1969-12-31 23:59:59
total_payout_value0.019 HBD
curator_payout_value0.005 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,425
author_reputation625,728,811,062,745
root_title"Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id76,338,710
net_rshares42,303,689,160
author_curate_reward""
vote details (2)