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RE: What adds value to Steem?

in #steemvalue • 7 years ago (edited)

This is an interesting article. But the 64 $teem question is: Does the structure of steemit really support the development of the content you desire.

Steemit is run on a seven day cycle. After seven days, the author no longer receives rewards for the content.

A good tutorial will not get to the audience in the seven day active period. A tutorial writer cannot build up equity in past tutorials.

The SEO aspects of SteemIt are bleak because search engine algorithms are driven by the update schedule of the search engines. So, if you wrote a great post that Google picked up ... well, you would get bug squat.

For that matter, a great article that gets picked up by Google or other press becomes a burden for the system as the article will burn bandwidth without creating any Steem.

Unfortunately, the workflow of SteemIt dictates that social networking is king on this platform.

7 years ago in #steemvalue by
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     7 years ago 

    In the present tense I agree with you. It's true today that social networking is king. And that will drive the value of steem into the ground in the long term.

    If they change the weekly cycle to be recurring and clocked on content value per user, not per one week (can't like twice should be normal so nothing ever over generates).. then it will be self sustainable.

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     7 years ago 

    I really like how the upvote has monetary value. But more thought needs to be put into the source of the money. The value of our upvote comes from the inflation built into Steem. This mechanism in and of itself will not provide sufficient revenue to fund content creation projects.

    There are also problems like the sad observation that the upvote of new accounts do not have substantive voting power. A single vote from me is less than the rounding error.

    BTW, I decided to steal the theme of your post and dashed out my own steemit post.

    https://steemit.com/blog/@yintercept/the-sixty-four-usdteem-question

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     7 years ago (edited)

    I think I like how you can buy into Steem with "actions" as Steem Power to gain more influence on the platform. This investment into the system that grows the distribution pool weekly is also a factor that grows value. I forgot to mention this. If you buy into it, you earn more from curation. This generates value from external investment into the economy.

    Also, nice article and counter arguement. Thanks for the plug!

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