You guys, are like the cabana boys on the titanic moving around deck chairs instead of bailing out water.
The problem is not the economics, it is simply the barriers to use, the inability to classify and search, the lack of good graphics and standard simple wiziwig interfaces. No tutorials, long onboarding, and simple ability to dress up a post like every other blog site in the world for the last 20 years. The constant talk about rewards is not what brings people to youtube, facebook, instagram, or any other site.... It's the content and the ease of use. Simply put the UI and UX. The User Interface and the User Experience..... I joined 2 years ago and have had more people attack the group I've built up and more than 2/3rds of the people I onboarded left and will never come back because of a myriad of reasons.....NONE OF WHICH WAS THE CURATION AND AUTHOR REWARDS..... In fact, the fact that whales have been scared off the platforms for purity reasons by the pack mentality here has been easily the biggest impediment to growth, of a blockchain that has great bones.
It's fast, has a built in payment system, is easily programmable and actually serves a purpose of storing content. I suggest everyone stop focusing on the reward system and work on how to make an UI that truly classifies content (not with 5 worthless tags) is searchable and create an enhanced editor and display front end for it. That's what needed. People need to deal with feeds more effectively and have bookmarking through a outliner built into the system. Which can then be used to classify content. Kinda the way that google uses vectors in the back end of it's seach to find related content. But you guys are simple blockchain geeks and not systems architects of systems used by real people.
That's my 2 cents.....
I'm surprised there isn't more people discussing this here. While I think having some form of incentive for users is good, the rewards alone aren't enough to really spark the growth.
Mass adoption comes with ease of use and a solid user experience, and STEEM does not offer that at the moment. The barrier of entry is severely impacting the rate at which new users are on-boarded. The economy wont go anywhere good if less and less people participate in it every day.
Thanks for sharing your 2 cents.