My opinion is very different from the majority. The sentiment I read on a lot of blogs seems to be that any measure is acceptable to drive up the price of Steem. I absolutely can't stand advertising... and honestly I think there are a lot of 'alternative' 'left of field' people like myself on steem who will be turned off by advertising. These people may leave or spend less time on steem if advertising becomes the standard on steemit and dapps.
Even when I play devils advocate against myself in the advertising discussion, it I still doesn't make sense to me.
So, if advertising is a 'necessary evil' that will be on our blockchain eventually, surely it should be last resort, instigated from a position of strength. Steem is on shaky ground right now mainly because of the market crash. If steemit.inc or any other dapps enter into negotiations with advertising entities right now, they will be coming from a position of weakness. We have a lot less active users now than 10 months ago. The price of steem is much less than 10 months ago, these and many other factors will mean advertisers can dictate terms. Imagine a steemit with pop up adds or a dtube with ads before videos like on YouTube. We would be selling out in the worst possible way. I guess what I'm saying is that it is a question of timing, I don't want to see advertising at all, but if it is going to happen, right now the state of Steem means the timing is wrong. It is far from a certainty that advertising would drive up the price and even if it did, it would be far less than the momentum that would be generated by the hype of advertisers on steem during a bull market. We have seen with many blockchain projects that developments during a bear market hardly effect the coin price. Whereas in a bull market developments drive news hype and inflates the prices with the overall sentiment.
Also, what will be the future impact on steem if advertisers have to put their budgets into steem now, when it is super cheap, when they inevitably dump huge chunks of Steem in the future when the price is higher? It will cause instability in price then. Sure this is a potential selling point to get advertisers on board... Potential future gains, but all advertisers really care about is views and this is not something steem can offer compared to other social media. Also, I personally hate the idea of advertisers having big influence on this platform (with large steem power) and further watering down the quality of content by influencing people to flood thier feeds with product reviews etc with the promise of large votes. I would urge steemit.inc and any dapp Devs to be very careful in dealing with advertising right now as they will dictate terms and end up taking much more value out than they put in.
We should absolutely not sell our platform to advertisers cheaply at this time.
P.s. although I don't agree with you on this I enjoyed the video Ivan. The editing in the intro is really cool and was a gr8 segway into the subject of the vlog 🙂
thank you Raj808 i see your points and after thinking about them im not 100% go for ads anymore. we sure will pay a price for this. since steem is decentralized and every Dapp cann handle it however they want to we probably will see different models on this free market here. im excited how this will turn out. I made another conclusion video including your feedback. thanks a lot this was inspirational :)
Hi Ivan. Thanks for your thoughtful response and I'm going to go and watch your follow up post when I get back to the homestead 😉
Although I have a very distinct stance on advertising as a whole, I'm completely aware of the realities of our world and the fact that steem may miss out on a lucrative opportunity with advertising, unless they can market lack of adverts in such a way that it brings more value in driving user adoption.
I guess my main point, and what I feel is something that should be seriously analysed, is if now is the right time to engage with advertising agencies.
Anyway, debate is a sign of a healthy community 🙂
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