RE: Science says: Blog when there's blood in the street
I've been looking for a study like that since I've started blogging consistenly in Steemit. I'm gonna check it later but the results you highlight are similar to the ones I've reached from my own subjective observation.
Also, there's something I constantly think of: how to increase its market cap. According to Coinmarketcap, Steem capitalization is just 83M. That's nothing! I mean, I know the coin is in an historical low, but still... TRX in comparison is 5B.
I've thought of using it as a currency outside of the platform, but still not sure how -- and I have a small amount, so... Anyways, that's a topic for other time.
Good entry.
Btw, is @penny4thoughts or you receiving delegations? I'd like to thank you, investing some of my sp. It's not much, but as the meme says:
S.
Basically, at $83 million, Steem is equivalent to a fairly small "microcap" stock. At $5 billion, Tron is in the "mid cap" range. Which, actually, sort of makes sense to me, since Steem has sort of a niche use case, whereas Tron is much broader.
For a while, my opinion has been that to really increase the market cap, we have to see a really large increase in organic use. And that means diversifying from the "Medium"/"Blogger"/"Wordpress" style blogging. In Web 2.0, I think that blogging sites see much less traffic than microblogging/photo sharing. This is why I've been experimenting with Steem Links and the word search puzzles.
This also ties to your post on memes. I agree with you that something like that is needed, but it's also a fairly hard problem. As you alluded to, it's a grey area for copyright. Also, meme dapps on Steem have already been tried twice that I'm aware of, and it didn't pick up. (apps like that are the original reason why I created the remlaps-lite account) Whether it's memes or something else, though, I think we need to find a way for large numbers people to use the platform in a productive way without spending half their day writing and proofreading.
Of course you're welcome to delegate to @penny4thoughts - and it would help the account to reward engagement from participants, but it doesn't have any capability to share curation rewards with delegators, and it's totally not necessary. The account keeps the SP portion of the beneficiary rewards that it receives and distributes the liquid portion (STEEM and/or SBD), so it's chugging along, growing one day at a time ;-).
People in general like sports, entertainment, sex and politics. I'm not sure any of those topics are welcome here.
You're right that the whole format is antiquated... or maybe Steemit should target a particular niche first (a "beachhead" as Bill Aulet says in Disciplined Entrepreneurship) and then expand. Idk...
Who runs the platform, btw?
Sorry, I forgot to answer this. By "the platform", you mean penny4thoughts? I run that. It's basically just a hobby project for now.
It's funny how this ties into your other reply about funding coming with strings attached. I think it's not that these topics are unwelcome here, but rather that they're not actively supported by curators.
We think that the authors choose the topics, but really it's the high-value voters who drive a lot of it. The old adage about, "he who pays the piper calls the tune" comes to mind. I think web3 can connect funding and content creation more efficiently, but I think the funders will always want some measure of control.
I think they have done that with their steemit crypto academy, "the diary game", and their other community support programs. But growth happens slowly, especially in a down crypto market. What I would really hope to see is for other possible investors to see how Steemit is able to shape activity with their stake and realize how an investment here can be used to establish new "beachheads" in their own areas of interest... "Let a thousand flowers bloom," as they say. ;-)
You're right. The ones with power decide what's best and what not. I was reading the other night that some witness were even downvoting the pictures guy.
Once I have a larger audience, I'd like to try some new risky things; but I'll see.