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RE: What if You Could Help Raise the Prize Pool to 1 Billion $$ DAILY? How Quality Content, Aimed at OUTSIDE Audiences Could be Making us ALL More $$$$
The search engines largely dictate which articles will have a long term future. Content producers get zero rewards for their content after the payout is complete. I see these as the two biggest limiting factors. Perhaps if authors could invest steem back into their best posts to readvertise articles into search results, it could offer secondary returns infinitely. Like if I put 500 steem to have a post be ranked higher than all the people who invested less, my post will be ranked higher, and pay me money for any new upvotes I get for the next 7 days. I won't get the 500 steem back, but I get rep, votes, a payout, followers, and top exposure to be seen as a recognized name brand. Or is this already how the system works?
I don't think you can promote a post that is past payout. I've never tried. You could buy outside ads, but most of those views will be non-steemers. If they join, you might get something out of it, but I'm not sure how to monetize that idea. I wish I did. When I first got here, content was supposed to get another payout every 30 days. A lot of us were banking on that. But, then it changed. Love to discuss ideas about this.
That I feel is where the platform is missing a lot of potential. We can never be as relevant as wikipedia for instance. On steemit only the recent content has an incentive, while wikipedia always has the most valuable knowledge presented (according to the authors who edit it). There is no way for the casual web surfer to filter through 100 articles and find out which posts were written by actual experts or good writers on a topic. The ancient monks of Alexandria would reproduce the knowledge of the greatest minds, and repair any tomes that were falling apart or disappearing from circulation. It would be great if we had authorized "monks" to re-post the best articles in various tags, and send the rewards back to the original authors. Actually, I think communities could spring up to do that right now if they wanted to.
I agree, I'm thinking on that. I know authors like @markrmorrisjr have a huge back catalog and it's just sitting there. In fact, he said early on that the residual income was a huge part of his decision to try steemit in the first place. Because otherwise, your work is out here for free, now what? Can you sell it other places if it can be had for free?
I completely agree on the fact that there should be a way to lenghten the post payout period for quality posts somehow. The way things work now, valuable posts simply get buried underneath a truckload of new posts every day again...
Yep, 250k is the number I've been seeing most recently. That's a hell of a lot of crap content. And all of it treated equally past payout, honestly.