Hello @roxane;
I always tell people that the price of STEEM will inevitably go to zero. Just as the first email to be sent out cost thousands of dollars (had to buy a computer; had to have an email server; had to have an email program; had to have the internet) we are in the time that STEEM is expensive. By itself STEEM is a protocol that instead of sending emails allows people to interact in Social Media that is no longer controlled by a few individuals. If you want to post bad puns it will always be there. While certain people might make your post less visible - it will always be there. The fact that this is going on the blockchain could mean that my descendants 100 years from now could read my posts and gain insight into my thoughts, goals and dreams. Posting the same content on twitter/facebook means that this insight will be lost either when I go a step too far and they cancel my account, or in some cases are removed due to inactivity or the facebook/twitter will disappear.
In this context people are not putting money into a Ponzi scheme but are investing in the future.
While I say that STEEM will go to zero value, it has many uses on top of its social media function. I have been working on a model of STEEM that would allow it to disrupt education. Currently education requires funnelling a jumble of information into the heads of unwilling students and costing thousands of dollars per year per person. Having all the courseware on STEEM would allow one to read and watch all of the courses (including lectures). The students would be tested through another process. This is just one area that STEEM will be able to increase its value.
As more people consider the potential of aggregating information on STEEM it will quickly match BTC in price.
you are confusing cost with price. The cost of email was initially high, and now it is low. The price of email is also low. The cost of steeming, initially was high, because of low returns on investment, but now the cost of steeming is lower, while the price is higher.... basically, what you just said lacked clarity, and is contradictory. not sure why this is at the top of the comments list for this post.... oh... because you upvoted it.
I agree I tend to be a little obscure (lack clarity) because I try to be brief - Brevis esse laboro, obscurus fio.
No I didn't confuse cost with price. To set up a mail server continues to have a certain cost, but nobody expects to pay to send an individual email.
Steem network maintenance is facilitated by witnesses. I have no idea what the mechanism is being employed to have these computers manage the data flow. While it will never cost zero (computers cost money) - in the long run STEEM will go to zero in price. Everything goes to zero. Napster used to have a marginal cost (hard drive space), had zero price but had a huge value - spelling the end of the way the music industry conducted business.
STEEM will always have a cost (as long as its active), would go to zero price (as technology evolves) but will have a huge value because it can disrupt how media companies will work. Just today I saw a presentation describing how Twitter and Youtube will end. Twitter (because people won't care) and Youtube because of the loss of Net Neutrality. Would you subscribe to Youtube for $50 per month when alternatives will be free?
I'll suggest that YouTube will go to 0 long before Steem will. Btw, your long answer didn't make any more sense than the short one. The reason Steem can distrupt social media is because the token has value and people are getting paid to create content. I guess I'll stop trying to reason with you, because you'll likely just reword what you already said
I agree here is a video citing 10 companies which are in crisis and could disappear soon (including YouTube)
America Online
Compuserve
Geocities
Tripod
Friendster
Myspace
Each of these were social networking sites. They were very large, very profitable.
Either they wiped out earlier forms or they were wiped out by Facebook.
The STEEM community is 500,000. Facebook has 2.07 billion monthly active users. I expect STEEM will add Facebook to the upper list. Eventually something will supplant STEEM.
tthere is also even more cryptoeconomics involving including how post promotion burns Steem Tokens so is an act of deflation of the money supply increasing the scarcity of the tokens.
Thank you for your post, very interesting read. I think the main differentiating factor is that there is no initial investment required. You can invest and it can be beneficial but it is not essential!!
This is a good post! my Two favotire qsentences:
"You can earn much more than just money by participating in Steem: new friends/new acquaintances/knowledge..."
and
"Sometimes the world lacks trust in people and people are afraid of seizing opportunities."
@lpv thanks for sharing your fav' quotes :-)
I think they are 100% true... and we need to remember that when we are on steem.... Otherwise -> frustration...
The reason why you insist on people getting to Steem is because you think it will be good for them.
But they are not like you...
How do you know if they will be succesful, happy, and enjoying the experience here ?
There are tons of parameters that you are not aware of that will make each of them a different experience than yours.
In short, what is good for you (or a few or even for a lot) is not necessarily good for everyone.
The best you can do is share your own experience on it and let them the freedom to decide if it is good for them or not ;)
Good article on Ponzi schemes, I was wondering how Steem and Bitcoin were different from it. Now I know. Thanks.
@eternalsunshine, I don't know indeed if Steem will be good for them. But... Many people are like me : high quality level content creator. They have Youtube channels for years. They have personnal blog for more years even. They have Instagram account, etc.
So... If theses people are like me : content creator : why they wouldn't be successfull on Steem ? They work hard every day/week to produce content..... without being paid.
So, at least, here, they can make some money.
And strangely enough, most of the people I've talked to have told me Hey, it's a Ponzi, that's why you insist at this point (meaning, you're going to make a lot of money on our backs).
and this :
I was so disgusted that people might think that
By saying that if you got "strong" reactions from people, that might be because you were "pushy" in the first place.
If you are very "pushy" people will wonder why, before ever listening to you.
Not really pushy, no. I never push people when they are not receptive. I am not that kind of person. I give the information. That's it.
English is not my mother tongue. I didn't know that Disgusted was a strong word. I use it in my everyday life (in french).
Hello @roxane;
I always tell people that the price of STEEM will inevitably go to zero. Just as the first email to be sent out cost thousands of dollars (had to buy a computer; had to have an email server; had to have an email program; had to have the internet) we are in the time that STEEM is expensive. By itself STEEM is a protocol that instead of sending emails allows people to interact in Social Media that is no longer controlled by a few individuals. If you want to post bad puns it will always be there. While certain people might make your post less visible - it will always be there. The fact that this is going on the blockchain could mean that my descendants 100 years from now could read my posts and gain insight into my thoughts, goals and dreams. Posting the same content on twitter/facebook means that this insight will be lost either when I go a step too far and they cancel my account, or in some cases are removed due to inactivity or the facebook/twitter will disappear.
In this context people are not putting money into a Ponzi scheme but are investing in the future.
While I say that STEEM will go to zero value, it has many uses on top of its social media function. I have been working on a model of STEEM that would allow it to disrupt education. Currently education requires funnelling a jumble of information into the heads of unwilling students and costing thousands of dollars per year per person. Having all the courseware on STEEM would allow one to read and watch all of the courses (including lectures). The students would be tested through another process. This is just one area that STEEM will be able to increase its value.
As more people consider the potential of aggregating information on STEEM it will quickly match BTC in price.
you are confusing cost with price. The cost of email was initially high, and now it is low. The price of email is also low. The cost of steeming, initially was high, because of low returns on investment, but now the cost of steeming is lower, while the price is higher.... basically, what you just said lacked clarity, and is contradictory. not sure why this is at the top of the comments list for this post.... oh... because you upvoted it.
I agree I tend to be a little obscure (lack clarity) because I try to be brief - Brevis esse laboro, obscurus fio.
No I didn't confuse cost with price. To set up a mail server continues to have a certain cost, but nobody expects to pay to send an individual email.
Steem network maintenance is facilitated by witnesses. I have no idea what the mechanism is being employed to have these computers manage the data flow. While it will never cost zero (computers cost money) - in the long run STEEM will go to zero in price. Everything goes to zero. Napster used to have a marginal cost (hard drive space), had zero price but had a huge value - spelling the end of the way the music industry conducted business.
STEEM will always have a cost (as long as its active), would go to zero price (as technology evolves) but will have a huge value because it can disrupt how media companies will work. Just today I saw a presentation describing how Twitter and Youtube will end. Twitter (because people won't care) and Youtube because of the loss of Net Neutrality. Would you subscribe to Youtube for $50 per month when alternatives will be free?
I'll suggest that YouTube will go to 0 long before Steem will. Btw, your long answer didn't make any more sense than the short one. The reason Steem can distrupt social media is because the token has value and people are getting paid to create content. I guess I'll stop trying to reason with you, because you'll likely just reword what you already said
I agree here is a video citing 10 companies which are in crisis and could disappear soon (including YouTube)
Each of these were social networking sites. They were very large, very profitable.
Either they wiped out earlier forms or they were wiped out by Facebook.
The STEEM community is 500,000. Facebook has 2.07 billion monthly active users. I expect STEEM will add Facebook to the upper list. Eventually something will supplant STEEM.
small fish can not ..
eem I just kept quiet. @roxane thks sharing
Small fish can work their way up in reputation, followers, Steem power.
Yes.. l"m agree. Thanks
hust as with any social media, therefore it is opissible
tthere is also even more cryptoeconomics involving including how post promotion burns Steem Tokens so is an act of deflation of the money supply increasing the scarcity of the tokens.
Thank you for your post, very interesting read. I think the main differentiating factor is that there is no initial investment required. You can invest and it can be beneficial but it is not essential!!
You are right, people should remember that there is no investement required ! The most important part to know ;-)
This is a good post! my Two favotire qsentences:
"You can earn much more than just money by participating in Steem: new friends/new acquaintances/knowledge..."
and
"Sometimes the world lacks trust in people and people are afraid of seizing opportunities."
@lpv thanks for sharing your fav' quotes :-)
I think they are 100% true... and we need to remember that when we are on steem.... Otherwise -> frustration...
The reason why you insist on people getting to Steem is because you think it will be good for them.
But they are not like you...
How do you know if they will be succesful, happy, and enjoying the experience here ?
There are tons of parameters that you are not aware of that will make each of them a different experience than yours.
In short, what is good for you (or a few or even for a lot) is not necessarily good for everyone.
The best you can do is share your own experience on it and let them the freedom to decide if it is good for them or not ;)
Good article on Ponzi schemes, I was wondering how Steem and Bitcoin were different from it. Now I know. Thanks.
@eternalsunshine, I don't know indeed if Steem will be good for them. But... Many people are like me : high quality level content creator. They have Youtube channels for years. They have personnal blog for more years even. They have Instagram account, etc.
So... If theses people are like me : content creator : why they wouldn't be successfull on Steem ? They work hard every day/week to produce content..... without being paid.
So, at least, here, they can make some money.
Sure.
I was just reacting to this :
and this :
By saying that if you got "strong" reactions from people, that might be because you were "pushy" in the first place.
If you are very "pushy" people will wonder why, before ever listening to you.
Not really pushy, no. I never push people when they are not receptive. I am not that kind of person. I give the information. That's it.
English is not my mother tongue. I didn't know that Disgusted was a strong word. I use it in my everyday life (in french).
Oh my God I had no idea!!!
Excellent super interesting post, that needed a lot of hard work as it seems! Thank you @roxane!!!