Still, I am more in favor of a (form of) subscription based model than advertisement model. Advertising is Worsening experience for Everyone. I am super glad my ad blocker is working on every site depending on advertisements. We are all on a innovative path with this Steem blockchain technology and so on, I may hope that we/they can come up with better revenue models than these old fashioned and user experience interrupting ad revenue models.
Also all these ideas of generating revenue focus on Steemit blogging site. What if most of this community will adapt to third party dapps. Steemit inc won't benefit from advertisement because no one will see them anymore.
Just brainstorming here.
If you are in favour of a subscription model and you are not the only one then developers can implement this option in their applications and you can have what you want. An add free Steem blockchain experience.
Not everyone though has the option to pay to access the blockchain without adds. We need free options as well. But as I have shown in my article non of this is free. Everything cost money.
Steemit.com right now is preventing others from generating revenue because they offer a service at a loss, for free (Paying for it from a finite STEEM amount). This is such bad business practise it needs to stop.
For as long as Steemit.com is free or generates no revenue other apps can't compete with it.
Steemit was and still is free and I have never heard other apps complaining
This problem was just uncovered for many of us. Who would have thought steemit would end up in such a situation without any warning?
The free nodes from steemit discourage others who are capable of running such big nodes, but not for free. That would help prevent a single point of failure, i.e. steemit.
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Actually not free. The value of their steem stake comes from providing the services to all the stake holders. They should use their stake to fund these activities as the value of that stake comes from the activities themselves.
Nobody will fund the infrastructure cost while the benefits of that will be transferred to those who have STeem in their accounts.
i think the goal of any social media website is to not be a subscription based model. People will always ask "what am I really paying for?". because if I have to pay to be a regular user, I wouldn't use steemit (or any version of it).
I need to think about this a bit more, but another model (such as those employed by credit card companies) is the "pay per transaction" model, except the transaction cost is born by the seller and not the buyer. Of course its one half dozen or another, someone needs to pay at the end of the day.
If the price of Steem rises, @steemit will benefit from the 44 million Steem they own. That is what motivates them to increase usership, and includes users from Dapps like @steeveapp and @partiko.
I am for @steemit taking a percentage of upvotes $ from Steemit.com but it makes no sense to take a percentage from Dapps that launch their own websites or apps @s3rg3 Dapps own the blockchain just as much as Steemit does and that is the actual intention behind a blockchain cryptocurrency!
Charging for node use is a good idea though.
Nice post @exyle You summed it up nicely. @ned and the @steemit team did a great job getting the word out but now it is time to make @steemit profitable.
If they place advertisements on Steemit.com, a Dapp like @steeveapp or @partiko won't have to and that will give them a competitive advantage over Steemit.com while generating $USD in ad revenue for @steemit.
Like you, I hope @ned @andrarchy and the rest of the @steemit team will use a combination of all three 👍🏼
TAG: @gadrian
I meant charging for dapps using the nodes
Ahh okay @s3rg3 yeah, I think that is a good idea... but I think @steemit should be run as a business that must turn a profit first, otherwise the other Dapps will be competing with a website that is operating at a loss a.k.a. Steemit and have to cover the costs of nodes at the same time.
Operating at a loss is actually a tactic used in business to put another company out of business.
Example:
Uber and Grab a Cab were doing it against each other for a few years in the Philippines until Uber folded and sold their stake to Grab.
Once the merger was finished, Grab increased their driver rates and started operating for a profit.
This is essentially what Steemit is doing to other Dapps but unintentionally and is one of the things @exyle mentioned.
Another good thing to mention is that Steemit can start using advertisements but other Dapps can refrain from using ads to acquire more market share from Steemit.com.
Because of that I think we will always be able to find Steem Dapps that don't use traditional advertisements.