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RE: Building Long Term Value from your Blog

in #steem9 years ago (edited)

Funny that you mention Steve, I was fortunate enough to meet him personally (be his guide during his visit to Romania, his tango teacher, his partner in hosting and creating an event here and many other things). Steve has a unique style and that's what makes him valuable.

With that being said, I do agree with pretty much everything you said here, with a few caveats:

  • when you talk about "collective blogging" and Steemit being a company rewarding users with shares, please keep in mind the costs associated with managing this company. The current DPOS management of the network is working wonders compared with other similar initiatives, but it can still be improved. Medium and long term, I think this may be our biggest challenge.

  • cashing out early doesn't necessarily mean you're discounting your work. One may implement a financial scheme in which he sets up a certain level of investment at which he feels comfortable and then "scalp" whatever comes over it. If one needs to cash out, let's say, $150 weekly, then he reaches the SP level when a weekly power down will be at least $150 and only takes out $150. Whatever comes over that threshold is investment. My point is there are running costs for every business, there are basic expenses. Steve too had to eat even when he made $4/day. I know that from the source. :)

  • at the current stage, the Steemit blogging company as you name it, is heavily imbalanced, in terms of shares (I know you are keenly aware of that). If all shareholders are aiming for the same goal, namely having $360.000/year in 3 years, instead of $6000/year now, then the platform needs more synergy. I'll say it: it needs more support from the whales. I will shamelessly blow my horn here and name two initiatives aiming at increasing the engagement and long term commitment. One is a 30 days writing challenge, which generated more than 200 articles in the first 10 days, and the other one is a content based game called Pay It Forward, in which literally the winnings of one post are paid forward to one of the commenters. Both initiatives are focusing at generating more quality content, engagement and affinity to the platform in a non-intrusive way and without the element of gambling (as in betting for something). I would be reassured that the vision you outline here is true when I'll see at least some minimal support for such projects. That will tell me (and probably to other people, potential writers here or already veterans) that shareholders are willing to put their money where their words are. Which will create a very relevant potential for more money to eventually come here, where we are all putting our words.

Thanks for creating this great platform and for your efforts. I know it's not easy.