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RE: Steem is priced roughly $100 million less than Bitshares, does that make sense?
Does that make sense? Not even a little.
Steem could literrally revolutionize social media today, if people came and used it. Its not some distant project, with an obscure use-case, its a ready-made, highly scalable, social media platform.
HOW IS THIS THING NOT HUGE?!
Why is it so hard to get friends to signup and use this amazing platform. There is litterally nothing to lose, and everything to gain.
Oh well, to quote the infamous Montgomery Burns, "patience Monty, climb the ladder."
They haven't come yet because they haven't heard about it on TV and seen it plastered all over billboards and magazines as the next big thing, like it should have been. Which is somewhat what I alluded to above.
@jrcornel, I know what you are saying, but when I talk to friends there is something else going on as well.
I tell people who I know very well, "you should sign up, its free, its fun, it pays something back to you for your contributions", and they say, "what's the catch?".
What do you say to that? I tell them all, exactly how it works, most are reluctant, and its not because they haven't heard about it, its some innate distrust of crypto, or of a system that sounds too good to be true maybe.
Exactly, the catch is that 90% of people who don't buy in will earn nothing. That is the catch. It is not free money for anyone who signs up like it sounds on first glance.
The catch is that you have to spend a lot of time building up followers and producing quality content with no guaranteed of monetary reward. If you tell them it's "free money," of course they will think it's a scam.
Bingo, well said. More than 90% will not earn anything unless they buy steem, then they can only earn via self voting. It is far from free money on this place. Most must invest to earn.
I think we are debating volume of success, clearly you can make something on Steemit with not too much effort. Of course a person has to put something in to get something out, but keeping in mind all the hours most people spend on traditional social media, posting photos of life and commenting on one another's posts, if they put that effort into Steemit, facilitating conversation, growing community, I believe deeply they would be rewarded with SOME upvotes, and therefore some income.
To show my point, I upvote people on Steemit with no Steempower, I dont even ask myself how much SP they have, probably same with you both, so clearly we are proving that people can make some money on steemit without buying steem.
But if you are asking me, "do you think you can become rich on Steemit without buying steem?", my answer is firm no, with a only the smallest hint of maybe, cause one in a million might make it work.
But my sales pitch of Steemit is not now and never has been, "join today, get rich for free". My sales pitch is has always been, "join today, do what you love doing on social media already, and if you are sincere, genuine and putting out interesting content you will earn something, which is a LOT more than nothing."
In conclusion, when you say "most must invest to earn", I agree and disagree at the same time. Depends what you mean on "earn", do you mean "make a living?", then yes I agree. Do you mean, "earn $0.10 USD per day?", if so then I strongly disagree. To have a modicum of success on Steemit I really believe this: all you have to do is write posts and comments with earnest effort behind them, and then your sincerity and thoughtfulness will come through and some upvotes will as well.
The question really is, can one earn enough money on steemit, for free, that will change your life? And to that question, you have to first answer, how much money will change your life?
Very true Sir, Please, don't let them know about it..