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RE: Witness Server Upgraded to New Hardware
It is a bit of a catch-22 as the price of STEEM cannot be sustainably high without a large number of users. On the other hand, the size of the chain will grow fast with the growth of users. Without user data monetization by selling it to advertisers there is no choice but to limit new users' ability to interact with the blockchain at least temporally (what I mean is delegating RC to them for limited time period) until they pay to power up to purchase Resource Credits. There's always what we've been doing so far which is rely on crypto-speculators but that cannot be sustained forever.
I wonder how long until advertising is brought in...? Speculation is the main drive fro all crypto valuations... it sucks to be honest that that is where the valuations comes form..
Well, DClick was released very recently. I suppose some people have already begun to use it.
Speculation cannot be the source of STEEM valuation forever. There will have to be fiat revenue streams, too. Monetizing the attention of the users is the main value proposition of the network.
As to the proliferation of ads on Steem, it's hard to say when that will happen. But I find that among the current crop of Steemians there are many who hate ads, even prominent ones. I have no respect for that position whatsoever. They seem to think speculation or voodoo is going to pay the bills forever. But the culture of the platform and its many app user bases will inevitably change with larger scale onboarding.
I think one of the biggest selling points of Steem apps is the fact that while Steem works by monetizing the users' attention like any other platform, everybody, including the users, are stakeholders on Steem (to the extent they have powered up) and get a cut of the profits.
Yeah I don't like ads much either hehe, but I get that it would greatly help to provide some payments to content producers and help the purchase of Steem (unless the ad agency just upvotes because they have delegated SP, then it doesnt change anything for the better... )
It would be possible for any company to purchase SP and market their products on their blog or on an app. They could organize contests and whatnot to reward their customers with upvotes.