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RE: Improving the Economics of Steem: A Community Proposal

in #steem5 years ago

"It seems like the level of hype is correlated with the number of quality posts which is weird and shouldn't be like that."

"I believe Steemit as a website and company is missing very critical point and that is strategic marketing."

In fact it is quality posts that market Steem. Good content attracts eyeballs, and that attracts those eyeballs to the platform, where those that like it can invest in Steem. Curation and the rewards it delivers is intended to encourage creating good content, and is thus the strategic marketing mechanism for Steem.

More mechanisms besides blog posts are being created to market Steem, but like DLive and now Drugwars, they aren't loyal to the platform. Few mechanisms have proved to be as powerful at creating value as social media, and all that is necessary to grasp that fact is a look at the growth of the FAANGS in the last decade.