Hey @edwardlewis!
Thank you for your generous upvote on my post. It is very much appreciated.
Great point by yourself in regards to the ads on Steemit itself. I too, am of the notion that promoted posts on Steemit hold immense value but is currently done in a terrible way.
The biggest giants in the internet sphere have all made their billions through proper monetization through advertising platforms. What I would suggest is that anyone may promotoe their post, choose which tags and topics they'd like them to be featured in, and like google, have the promoted post come out based amongst the organic posts with a little sign which indicates it's a promoted post.
The cost can be based on impressions, and the price could go lower given that the promoted post gets high % of click-throughs.
I am in the works of forming a concise post on this very matter.
Upvoted and followed you!
God Speed Brethren.
