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RE: Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding. by s3rg3

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Viewing a response to: @chrisrice/re-s3rg3-re-exyle-re-s3rg3-re-exyle-steemit-com-is-running-at-a-loss-start-generating-revenue-or-get-out-you-are-strangling-other-applications-from-succeeding-20181203t112120367z

· @s3rg3 ·
I meant charging for dapps using the nodes
👍  
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vote details (1)
@chrisrice · (edited)
Ahh okay @s3rg3 yeah, I think that is a good idea... but I think @steemit should be run as a business that must turn a profit first, otherwise the other Dapps will be competing with a website that is operating at a loss a.k.a. Steemit and have to cover the costs of nodes at the same time.

Operating at a loss is actually a tactic used in business to put another company out of business. 

**Example:**
Uber and Grab a Cab were doing it against each other for a few years in the Philippines until Uber folded and sold their stake to Grab. 

Once the merger was finished, Grab increased their driver rates and started operating for a profit.

This is essentially what Steemit is doing to other Dapps but unintentionally and is one of the things @exyle mentioned.

<hr>

Another good thing to mention is that Steemit can start using advertisements but other Dapps can refrain from using ads to acquire more market share from Steemit.com.

Because of that I think we will always be able to find Steem Dapps that don't use traditional advertisements.
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