RE: Showcase Sunday: From Back When the Community Was 'Inspiring'
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The way some of that RC pool for profit stuff was explained to me awhile back basically made it sound like profiteers will make money until things become unaffordable and everything implodes. Social media with landlords and tenants? I don't get it. Then SMT's are supposed to be what a content creator works for? After four years and seeing that concept nearly fail with the tribes, why would I want that? I must be missing something. Everyone has theories and predictions but there's a much simpler business model directly on the table and that one has actually proven itself. Those SMT's will be useless without consumers buying them, staking, and tipping with votes. If there's a token for every community then the consumer has far too much choice and most tokens struggle to get off the ground. Content is a product. We make it, but it's not being sold? Why? The consumer doesn't even lose money, unless the token tanks, which isn't the plan if millions sign on. Could have more active daily wallets than Bitcoin, by simply attracting consumers. Every time I say consumers, people seem to think I'm talking about creators. Consumers can still shit post, but leave it up to the heavy hitters with solid content to attract them and give them a reason to spend money. All these elements work together. I taught my daughters how to fish. Such great listeners. Had no problem there...
There is a large element that looks like potential profiteering. I think we have to remember that a lot of the context of these changes were driven by Ned era Steemit. And that was about maximising returns from a dwindling user base.
Perhaps it's time we moved on from old ideas. Really shook free of the shackles of our past and so looking to them for our guiding light.
I liked the tribes and the idea behind them but as a token model it was just a sell and run fast and there were so many worthless tokens that it became painful to see another one every time it was dumped on us
I agree. I can't see how RC concept will attract new investment. People say it would but they don't mention how much RC exists with what's currently invested. The existing stakeholders might benefit much like selling votes or something. Meaning more money out than in.
At first I liked the idea of tribe tokens until I noticed majority don't have a business plan. Just your typical crypto crowd speculating stuff, old fashioned miners. That doesn't appeal to the masses. Many had potential to plant seeds, stake tokens, and thrive over the long term. Instead they dumped for 10 bucks or 50 bucks. Then of course they want upvotes from the people who actually held in an attempt to make it all work. Creators and consumers and two different breeds. One comes to make money and is outnumbered by those who come to spend. Is this not basic business common sense or has the world changed and I'm just getting old?
Nah, you ain't getting old, it's having to explain the basics over and over that gets old.
RCs, from the get go I was like, hmm, it's not that every action has a cost. It's that we are told every action has a cost. It was just a magic number created to eventually enable high stakes renting it out along with their sp. Meh and thrice meh.
Exactly. Moving the goalposts. Looking for a quick buck. Potentially fucking the future? Guaranteeing potential short term profits. Placing content producers on shaky ground with unproven tokens nobody has heard of. I want to be wrong.