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RE: Proposal: Paid Advertising on Steem (with a Twist)

in #advertising • 6 years ago (edited)

I like this idea 😀
However who will get the money?

I think another alternative is that all ad money gets burnt thus lowering supply and making demand grow on a more limited supply.
so an ad based system burning sbd/steem like the promoted tab
just my thought could be a bad idea

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However who will get the money?

The content creators would get 100% of the money.

I think another alternative is that all ad money gets burnt thus lowering supply and making demand grow on a more limited supply.
so an ad based system burning sbd/steem like the promoted tab
just my thought could be a bad idea

Yes. As you pointed out, this system is already in place today.

Coin burn would be unattractive because it's invisible. Fund the rewards pool, so investors don't have to take a loss, everytime someone upvotes. If ads pay to increase our upvote power, it takes the weight off investors.

Funding the reward pool sounds cool but it would need massive consensus bc it need to be put in the blockchain. Burning is a way for a UI to add an ad network more fairly.

We can't have a two tiered system that ignores minnows. Everyone, except spammers should get direct ad funding, or we should fund the rewards pool.