That's great , but from a marketing perspective the reward is still going to be skewed. Is it wonderful that a single post can earn 10k? 20k? 30k? without a doubt.
Is a youtube video with a few thousand views and 20 extra adopters a good 'value' for that 10k, 20k or even 30k? I would argue it's not. 20 dollars per view is a stretch.
Using those dollars towards a CPC campaign on google adwords would go A LOT further to a broadening of the steemit userbase.
I should clarify, I love the idea of people being rewarded for their passion here. If blogging and makeup and whatnot is your passion, power to you, and I do wish you all the luck!
From a business point of view, I understand the ideas many hold about the rewards being disproportionate to the value it brings to THEIR investment and to the network as a whole. This does not make any of us right or wrong, it just makes us part of a discussion (which is great!)
I've elaborated on my views toward Steem marketing and social capital here: https://steemit.com/value/@spookypooky/posts-on-steemit-aren-t-valuable
Just cancelled my power down, thank's to Tara's video on the streets talking to people about steemit, and even wrote a blog post about how her video boosted my self confidence @ https://steemit.com/steemit/@craig-grant/just-cancelled-my-power-down-thank-s-to-tara-s-video-on-the-streets-talking-to-people-about-steemit
I'm not sure the money would be spend better on advertisement.
The way the money is distributed may not be ideal but it's the only way we are rewarding content without charging for its usage.
Also it increases quality and solves click-bait content rubish
I'm not saying it is or is not ideal. I think the optimal value is too ephemeral to quantify and attain in a network this young just yet. The both of you are making some great points to this discussion.
I'm merely echoing the sentiment others have stated, that being, they feel the way content is 'valued' is skewed towards what's hyped and what's hot. The number side of it might check out quite differently.
aggred
You make a good point, but at the same time they are also giving users free steem power for signing up. They could have taken that money and targeted users with advertisements, but I believe they see that a user adds value far greater than the initial steem power given. Not all of course, but a lot of users get a few cents and get excited and go on to make great posts through trial and error. Word of mouth advertising is just as valuable in my opinion. I trust my friends telling me something more than I do the CPC on google adwords. But the have the ability to administer whatever one they wish. They are doing a great service just by offering rewards at all. Steemit would still be OK if it was just a decentralized social media platform on a blockchain, but giving away something valuable and rewarding innovation is brilliant.
The sign up incentive is a great reward and program from the devs to be sure. I think it's the one thing that causes people to stick around, incentive wise, if we forget about the actual network for a second.
That being said, there's multiple ways of interpreting value to posts; entertainment, network, social, emotional and monetary value all play a role in the overall picture that is steemit. I think this post and the ones before it fill a niche. An attractive and 'hot' social and emotional niche that might get people chasing for that 'big dollar amount they saw tara make'. This will lead to more signups and to more 'money and time' entering the system.
I am however, skeptical of the longterm value of it all. What will the new sign ups who came for tara's success do when they make only 1 cent? Will they stay for the network? Will they leave because their goals seem impossible to reach?
Moreover, what will we do with all the obvious copycat schemes and rehashes of content that was deemed 'valuable' once? The 'fad status' may not be beneficial in the long term. When people don't reach their goals, that might actually become a negative force of entropy to the steemit ecosystem, discouraging their friends and contacts from even trying 'because they barely made a cent and got lost in a cacaphony of rehash and get-rich-quick'.
Powering down takes two years. Will posts like these still be relevant and valuable in two years? Maybe. Maybe not. Time will tell.
I've elaborated on my views toward Steem marketing and social capital here: https://steemit.com/value/@spookypooky/posts-on-steemit-aren-t-valuable
If they stick with it they will be helped by other users, who in turn have helped us. If someone wants to immediately jump in and start posting, they can try, but it most likely will not work. I'd rather have people who want to learn and create better content stick around than those who just want to make a quick buck. And once we a whales when we help new users it helps them out and at the same time helps us out. I don't really know where steemit will be a moth from now or even a week, but I love the thoughtful creative and uplifting community. Those who are actually being themselves and not trying to be something they are not.
g.s
you are right too
ANYONE making money here potentially uplifts us all. This platform is a new paradigm. If ANYONE here gets a nice payout it substantially increases their steem power. Now anytime they vote on your reply, my reply, or people's blog entries they immediately give a lot more money to those people. ANYTIME someone gets a big payout here there is the potential WE all benefit. Sure we can be envious, and jealous as that is human nature, but in reality they hurt no one and they increase their potential to help the rest of us. In fact the only way that it sucks is if they get that power and don't use it.
125 views, 263 likes... 10k$ for the momment... at least watch the video before liking...
i did watch it, dont you think is whorth what i should like
In future whales can adjust the voting power of each upvote - now they can't which explains these high payouts.