Dash Is Making Itself User Friendly And Steemit Can Learn From How They Do It
Why aren't we seeing greater adoption of cryptocurrency technology?
As Amanda B. Johnson points out in her YouTube video:
The first is all cryptocurrencies face the chicken and egg problem. Merchants don't want to accept a form of payment that very few customers use and customers don't want to use a payment system that hardly anybody takes.
The proven solution to the chicken and egg problem is the following: you need payments that are faster, easier, and more secure than the alternatives, and you need to provide switching incentives -- usually doing so within a confined ecosystem. Amana B Johnson in Why Aren't We Seeing Greater Adoption of Cryptocurrency?
I started really following Dash on the exchanges and tracking its price over the last few months and it's growing steadily. So I bought some at $15, then again at $25 and it's $41 right now.
One of the things I really like about Dash is they are addressing many of the issues that help consumers and merchants feel more comfortable using cryptocurrencies.
They are developing call centers, infrastructure, marketing, and development to help make Dash easier and faster to use than other cryptocurrencies.
Many of the new, promised developments are coming online now and Dash is growing and trading like crazy. If you haven't looked into Dash lately, now is the time to watch this video and
This recent video you'll learn about the new products Dash has coming online now and for 2017. It addresses many of the issues people are having when they try to use altcoins like Steem or Bitcoin.
I often think that Steemit needs to watch and learn from what Dash is doing. We could be creating some kind of incentive for developers to create more applications to onboard new Steemit users and retain them better.
If we had a way to fund these type of projects besides upvoting or transferring Steem, a built-in system of funding future growth like Dash has done, would go a long way to building the Steem network and developing more user-friendly apps.
Watch this video and tell be what you think. Could Steemit make itself more user-friendly by developing and adopting some of Dash's ideas? You tell me.
Why Aren't We Seeing Greater Adoption of Cryptocurrency?
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We do have a big advantage over other cryptocurrencies: when people make new accounts to Steemit, they will also get a cryptocurrency wallet. Even if they don't actively use it right now, there is huge potential. When users find something they want to purchase for steem or SBD, they can just do it without any kind of hassle with setting up payment accounts. Everything is ready.
The wallet is already quite easy to use. We just don't have yet any merchants here.
Steemit could learn much from the "accessibility efforts" of Dash.... and they could also provide "ease of access" by attaching features under the Steemit umbrella that would make it easier (and non-technical) for more people to get into Steem-- for example a marketplace like PeerHub, only "on mega steroids" to be like an Etsy/eBay type venue for true peer-to-peer trade, all based on Steem. And they could add a Steem-based crowdfunding utility... so many possibilties, ways to provide a "soft entry point" for people... not just say "Here's a currency, use it!"
Completely agree, after watching the video I think steem is dead :D and it is what's up with the 3000 active people and the 130k accounts :D NOBODY is helping the app developers, there is no feedback all of the apps are underdeveloped and half have gone under the rug for some reason. There are almost no real people here. There are 2 CEO' 20 developers on a payroll probably, 100 app makers, 300 dolphins, 2000 minnows and all the 100k bots :D
One of the foundations of marketing is that existing customers are "gold." That is, it's much easier and cheaper to encourage and activate an existing customer than it is to go out and get a new one.
Problem: we have 130K account and no internal message system. So there's no way to start a "community outreach" program to reach some of the "dead" accounts that were formerly active posters and encourage them to get going again... a team of community ambassadors (or something) could easily do that on a volunteer basis... and we could easily DOUBLE the posting volume in a couple of weeks without having to do a damn thing to market to the world.
But we need to be able to send messages to people.
Then, with a more active platform, begins referral marketing. "Who do YOU know that would enjoy Steemit?" and "Have you talked to your blogging friends about Steemit?" My guess is there are at least 200-300 truly "active" people here who at least have 3-5 fellow writing/creative friends they could personally invite to join.
But again, we need a message system so we can personally welcome them. And perhaps a referral tracking system so we can FIND them (note, not "so we can get paid," let's forget the money in the short term) and interact with them. Think about it-- a SOCIAL network is about connecting, so we need connecting tools. And that's just a start.
It's not a social network :D, it's a botnet :D no different than facebook/twitter the only social interaction here is the upvote at least most people think that way. I really like the way Dash is doing it, they aren't alienating their "consupers" interesting misspell :D but yeah, growth and investment go hand in hand, Steemit has missed the mark with their investment in the public well-being, people have started leaking, problems are here from the whole mixing of social/market/bot network, so I would rather have the natural way dash is just drawing in customers rather than the superficial come blog here. Steemit will grow when it fixes the issues, solves the problems and updates the UI/goal/economy
PS
I will put up with it a while longer, I will make my posts on the updates wait and see how this year fares for the platform but if the reverse trend continues I won't waste my time a year and a half is good enough :D and that's without factoring in the time. If you ant to see a good social platform look at minds, if you want a good blogging platform go for medium, sure I learned that these places existed from here. But wouldn't mind waiting for another 5-10 years when such a platform raises up again and actually plays it's cards right
i do like your comment thank you @denmarkguy and @j3dy, but i would like to add 3 points :
depending the group these users belong : youth, 20-30,30-40 etc....and their background : developer, artist, housewife, gamer, ......, i think it could be successful as well to put effort on bringing new users happy to get a payout of 1.00$, not greedy just having fun.
@littlewhale, there are good points, but it's important to also remember how people use web sites... additional apps and community features need to be integrated seamlessly under the greater Steemit interface-- as more people join Steemit, the "next marginal user" is going to be less and less "technical" and will just want everything to work in one place... otherwise it becomes *"too much hassle." In this case, specifically talking about peer-to-peer contact... who'd be using Facebook if you had to go to a different site to send a Facebook message?
And yes, we definitely need to give things more time. Even twitter is 11 years old and still trying to find a business model that's income producing... and it's a HUGE platform with 300+ million users. A lot of the "selling off" we're seeing is probably due to early adopters taking profits... they were never here to be long term investors, just to make a profit and go. This happens with "regular" companies all the time... some of the "angel" investors cash in as soon as the company has its IPO. So now the long term buy and hold people start investing for the longer term. But we DO have to build something here worth investing in.
Why would businesses be interested in using steems?
Why would developers be interested in producing applications, if only a few hundred people (1%) own all the steems?
Wait a while and see, yeah that is what it is, blame the world who knows, why are politicians and corruption existing, why are wars, why isn't there more understanding between people, why have I missed out on making money, what am i rambling on about :D
Sorry, valid points but I'm tired of hearing "hate speech" :D
Wow! Where is the "hate speech"? I asked: Why would companies accept steem today when there are a few hundred consumers on the planet who own them?
You say :
Steem and Steemit need to become more attractive to companies and investors. Hope that H17 will bring solutions.
You say :
Businesses are not going to be interested.
Most developers won't either but those who are will be able to take advantage of multiple beneficiary payout.
And a whale vote is worth more than 100,000 minnows
doesn't matter all i care about is respect.
WE can do what WE want as long as it doesn't hurt anybody.
Give it a few years and take the initiative, works wonders everywhere, remember trees don't grow in a day and neither do people or their dreams :)
str8up!
By allocating 10% of all Steem generated to a fund that could further development like Dash does, Steemit users would grow and we would all benefit.
That is a great idea!I have had the same idea,so it must be brilliant,LOL!
This I think should be the greatest takeaway from Dash. Even if we did the collecting of votes/accumulated steem wealth manually, month to month, this would be a great practice.
The difference is Dash target investors who buy more Dash.
Steem target bloggers who gain and sell coin but never buy.
This is an interesting comparison. How does Dash target investors? Are you saying they focus more of their marketing efforts on attracting investors as opposed to users?
Yes, through Masternode.
Thus I'm suggesting to have a minimum requirement of Steem coins (Like 10K) to earn interest from SP, so it's more concentrated with larger interest.
Whatever DASH is doing to catapult it's price to $50+ is worthy of scrutiny, but I am not sure that user friendliness is the reason. I've seen estimates that there are a million Bitcoin users out there. That's 1 in 7000 people; pretty scarce. The users of DASH must be like 1 in 50,000 people. If they are all billionaires, DASH wins! But, I don't think that is the case.
What DASH has is a a sound investment program (prices skyrocketing like a bat out of hell) and this attracts investment and drives prices up some more. Of course, the whole DASH thing could be a giant pump and dump, but DASH is selling at $50 a coin - that's a lot of moola for some upstart cryptocurrency that offers anonymity (big deal), says it's secure and is fast. That's less than minimum if it's gonna succeed in the marketplace. I've never seen any mention of how much it costs.
Furthermore, according to Cointelegraph, one reason for the DASH dazzle was their hooking up with BlockPay which facilitates merchant usage. Another reason is simply that a lot of money is going into DASH. They have the knack of attracting $$$.
I have not spent a lot of time looking into DASH, but my initial investigation revealed an organization sophisticated in classic financial style. They smell like Wall Street, quack like Wall Street and walk like Wall Street. Methinks: DUCK!
Steemit is more of a people's cryptocurrency. It's built around community and they got anarchists who always make the public feel safe and secure because they want to pull down the whole capitalist system (sarcasm).
Finally, yes, Steemit should learn from DASH, if only to copy all the good stuff, improve on it and steal the market away from them with superior all around marketing. But then again, in the old way of doing things, Steemit could merge with them, but with DASH holding all the chips, it might be a hostile takeover.
You make some very good points. I see all the good stuff as having a budget to create a customer service department, doing away with long passwords in exchange for just usernames and generally having a plan and some funds for R and D.
Yeppers, we need customer service. Nothing like a poorly paid wretch to take abuse and act as a sounding board for when someone sends 10,000 satoshis to the wrong address; whoops.
Originally, the plan was for the Steemit social media to launch the Steem cryptocurrency. Well, they launched it, made a few overnight millionaires and now Steem fades into the sunset. But, we still have the social media! Maybe, it was really the other way around; a cryptocurrency launched a social media.
One big experiment. Interesting to be part of it.
Funny
The best! I'm using too, hope you don't mind.
Enjoy! :)
Absolutely there is much to learn from DASH, it has been very successful, and is absolutely poised to knock Bitcoin off of its pedestal. We were once very much on the radar, but allowed ourselves to be face-palmed down the ladder, and all the infighting and nonsense has not helped.
@j3dy said it best in comments above .. there is no allowance for STEEM-based developers (which we very much need, more than anything else) .. some of the brightest folks (and not so much) have been hired .. or rather disappeared, by STEEMIT Inc. - nice they are getting paid, but .. for what exactly? :) The rest of us (relatively few) daily active users are left to survive a very messed up environment - bot infestation and whale war cross-fire.
It is so weird .. I prefer discord chat to steemit.chat, because a game dev group I belong to is there, and it has great features - because of this, I am deemed a member of the discord "gang"? WHAT THE FUCK!? LOL
Anyway, after HF 17 goes through, I very much hope it is followed by some announcements.
Hi
I noticed you have a promotion for Grantcoin. Have you ever actually received a grant from them?
I do receive 1024 Grantcoins every day. Worth about 50 cents a day. This number will grow over time. Since I joined they have paid about $40 worth out to me.
I assume you are referring to your ekata.social account. I have that too, currently at 94208 units (whatever a "unit" is), but there seems to be no way to collect, though I can transfer to another user, or so it would seem. Thanks for information. I believe in the Universal Basic Income concept, but I do not like the idea of it coming out as a scam. It would be like what MT Gox did to Bitcoin.
I did some more research and this is what I learned. Ekata "units" are not Grantcoins at all and can only be traded within their platform for the time being. Grantcoin is still happening and can be traded from their wallet. I made a new post about it, like I promised, that should help clear up the confusion and you can read all about it here <===Click
Thanks for the heads up! I read your article when it came out of the bull pen.
Have you ever used a trading account like bittrex? You can transfer your Grantcoins to an account like that and then sell them there for Bitcoins. Maybe I'll make a tutorial.
I would certainly be interested in that. I would be a big promoter of UBC (Grantcoin), but I don't want to be going around scamming friends and family. It would be embarassing. A tutorial is much needed, as far as I can see.
It sounds like you are saying you can transfer ekata.social "units" to a trading account. Is that correct?
I have not done it yet and was just trying to and it seems like you can only transfer between users on ekata. I sent a support ticket and will follow through.
On Bittrex, I have noticed Grantcoin being traded on the exchange so there is a market for it. I haven't checked the other exchanges yet, but all this sounds like a good idea for a post, so I'll wait until hear from support and see what they have to say first, then I'll do a thorough post on it.
Are those actually Grantcoins you're receiving or are those the coins from the "dummy" account on ekata.social. I receive those every day too, but I also received about 5000 GRT in January that was sent to my Grantcoin wallet. I was under the impression that GRT pays out quarterly to everyone that has signed up. In order to get them to send me those coins, I had to email them and tell them my wallet address. I only noticed that requirement in an email they sent me as I was looking back through it for the referal code. It isn't very clear on their website.
Here is what the email said (it's the email with the email your referal code is in);
Hope that clears things up a bit. I find their site really confusing for information. The idea is great but trying to get people to dig through and find the answers isn't really helpful for getting people to sign up. I can't even find where they say it pays out every three months on their site. Maybe it was in another email somewhere.
@stephen.king989
This post is out of order because we are out of nesting space for comments...
Thanks for the information...
My experience was similar, except that I opted for having them creating a wallet for me. With all the confusion, I thought it best to do things their way. I guess I was wrong.
I get the 1024 "units" every day, but I never got any Grantcoins and I was accepted and got the emails etc. in October of last year. In fact, I posted about it here on Steemit. See https://steemit.com/money/@transhuman/universal-basic-income-ubi-is-now-reality
As I mentioned to @luzcypher, I would like to promote it, but I can't when I have not seen the actual coin after having been promised it. I've seen too many scams over the years. I'm glad you had a more positive experience.
Recently they made a switch to sending all grantcoins into a wallet within ekata.social. Just log into that and you can transfer the quarterly grantcoins to your software wallet or keep them in there. Also the 1024 units per day is not grantcoins, that is ekatas own which is different. Grantcoins basic income distribution system is now automatic so any bugs or confusions you experienced in the past are probably fixed now.
Thanks. I appreciate your assurance. I checked ekata.social and thing seem okay.
Ooops, out of space...
Regarding:
Great idea! I look forward to any news, one way or the other. Let me know if I can help as I am interested in getting to the bottom of the matter.
Thanks again...
You need to get your account approved first.I just recently got mine approved.The grantcoin foundation is understaffed and not well funded,so things have been moving slowly. The units are just for testing purposes.You can talk to the ekata social founder on the facebook page.Too bad they provide no info on the site..It's called beta,but it's more early alpha.
We are more than capable of outperforming dash in marketing. We just need to take initiative and utilise our decentralised structure ^_^
Resteemed.
I don't see how we can outperform Dash in marketing when we don't have a budget or team in place like they do. Enlighten me
@luzcypher I think the problem is a bit deeper than that. I'm not certain we have really defined what Steemit is or what Steemit will evolve into. It's not even clear if Dash would be considered to be a STEEM competitor, because no clear definition of what Steemit is, what problem it will solve or market it will serve has even been addressed.
Is it a microblogging platform? Is it a social network? Is it a remittance network?
The sell for STEEM (and by extension Steemit) has been the blazing fast blockchain tech. Truthfully, whenever I hear the "pitch", I am always left asking why Steemit even exists. At one point it was about rewarding writers and creatives....and now it's about blazing fast blockchain tech, busy.org and competing with the eBays and Etsys of the world. It's become one huge muddled mess.
Agreed. At the start, it was defined as an experiment. It is certainly living up to that definition.
We don't have anything in place yet, but if we utilise our decentralised structure we could ready ourselves very rapdily.
I've outlined marketing issues in this post and followed up with a campaign idea in this post
Yeah sure we are, we are growing the problem is we aren't really doing anything productive and growth from inflation alone with no real rhyme or reason isn't seen as a good investment. I don't want to bring all the bad side since you made a positive comment. But I can't see the initiative Dash has taken here and I can't see the implementation and growth, sure you can nudge it off. But they have a direction and are following it. Our decentralized structure isn't being utilized for sure. We have bots on here :D almost every other site/app I see is better than Steemit. Because they actually have features compared to blockchain, I wouldn't be here if I wasn't interested, but most people would rather build sites and connect with people rather than figure out a system so they can make rewards. The second point is the feature of steemit at the moment.
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