Is the problem the business model of Steemit? When the revenue is being recycled to all the Steemit users, vs a Facebook, where some of the revenue at least is pumped into hiring hundreds of GUI designers etc. So for Steemit, who hires that army?
70mil sounds like a lot, but to put it in context that's Facebook's monthly wage bill. Obviously all those FB people are not just designing new front ends and I would be curious how a company which is effectively little more than a website manages to employ over 20,000 employees! What are they doing that Steemit isn't doing, not an awful lot. Also suspect I Steemit will want to keep some of that war chest for other growth leverage like marketing etc
Is the problem the business model of Steemit? When the revenue is being recycled to all the Steemit users, vs a Facebook, where some of the revenue at least is pumped into hiring hundreds of GUI designers etc. So for Steemit, who hires that army?
@ned and crew. There is over 70mil SP in the @steemit account...
70mil sounds like a lot, but to put it in context that's Facebook's monthly wage bill. Obviously all those FB people are not just designing new front ends and I would be curious how a company which is effectively little more than a website manages to employ over 20,000 employees! What are they doing that Steemit isn't doing, not an awful lot. Also suspect I Steemit will want to keep some of that war chest for other growth leverage like marketing etc