We Need Advertising Revenue, You Say?

in #steem5 years ago (edited)

Remember this little gem from July 10, 2017?


Advertising Revenue and Distributions on the Steem Blockchain

Yeah...Ned remembers it too. I shared it with him and he summarily dismissed the entire concept. Now his company, Steemit Inc., is allegedly struggling to stay afloat because he apparently decided to rely on speculation alone for long-term revenue streams.

And now everyone else is talking about advertising on Steem and its interfaces like it's some brand new concept for blockchains and social media. I guess I was ahead of the game...a true innovator!




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VOTE FOR ME!


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And here we are...

I am really growing weary of being constantly vindicated. If only people would actually be willing to listen the first time. Think of how far ahead of the curve we could be right now?

Trust me, I'm more sad than amused to see the sudden uprising of people who are indignantly posting about their newly realized awareness of collusion, corruption, mismanagement or worse, malicious management, misuse of funds, lack of deliverables, failures and embarrassments of the "dear leaders", and I am totally disgusted by the fanboi-ing, kool-aid drinking and rah rah of the sheep who cling to their cognitive dissonance. But what do, really? We've been calling this shit out for how long now?

Sadly, it mimics the "real world" - we know the government is corrupt, we know it's mismanaged, we know it's working actively against us, but unable to cope with or change much about that, it's almost like stockholm syndrome kicks in, in some sort of last ditch self preservation mode.

Guess that's how we got here...

I'm going to have to make that into a t-shirt:

Yeah, me too. It's the damned truth.

Posted using Partiko Android

Predicting is not useful if no one listens.
If no one listens it's not their fault, it's yours.
Try to get your point across in a better way, persuade people.
Blaming others is easy, being in the driver's seat is hard.
Be responsible for steem's state. Code. Convince. Do whatever it takes but saying I told you so won't bring more people on your side.

Intensifies.

Doge #24
Steem #48
Any questions?

Steem already has advertising system. But the problem is that it is broken. People don't need to use the promote function. They can just boost posts by using bidbots. I wrote about that yesterday on a musing answer: https://musing.io/q/ocupation/f36bbgc3w?r=profile-littleboy

I'm pretty sure hes talking about a real advertising systems as in pay with other currency other than SBD/STEEM.

LOL. I said similar when I started. There were even some flagging for the use of affiliate links. I thought it was utterly stupid how some were so staunchly against advertising. Advertising can be annoying as fuck...but if done well, can be non-intrusive. Many barely notice the adverts on the top and side of almost every website. The ones that really annoy are the ones that popup and appear in the middle of an article or force you to watch a video to see something.

Popups and popunders don't even pay that well. You need a massive website for them to pay off. Affiliate earnings that pay a percentage are far better. You gamble on displaying the banner ads and such, but in turn you can earn quite a pretty penny. A portion of that money could then be returned to users, if the terms of service of the advertiser allowed it. You could even set it up so users had control over adverts displayed on pages associated with their blog. You could even let them disable adverts on their blog, if they wanted.

Pay from here sucks for most users TBH. We also don't get paid if we attract users outside of Steem. An extra revenue stream that might in fact be in the hundreds or thousands per month, is significant for many users, and even a small percentage of that income would be quite significant for Steemit, and could be used to actually buy back Steem at low levels, rather than always selling it.

The ones that really annoy are the ones that popup and appear in the middle of an article or force you to watch a video to see something.

Exactly!

Reason why this proposal is better!

When we're busy publishing, before we hit the post button, we should be able to select from a list of these promoted posts and include one or two to sit as banners within or under our publications. If a member visits our blog, sees one of these ads, then clicks; that click should function just like the vote button, rewarding the author of the post. That's one of the easiest ways a blogger here could generate ad revenue.
The ads could jockey for position on this list by spending more and more money like they do now to hijack the trending page. That, my friends, is good for business. Everyone wins.
Bloggers curate advertisements to include with their posts, and when that advertisement gets it's reward, a share of the final revenue should go to all bloggers who chose to include that ad on their post.

https://steemit.com/@nonameslefttouse/i-don-t-want-to-be-a-sellout-and-a-few-other-things-i-find-somewhat-humorous-about-this-place

That's certainly an option.

I would personally prefer a combination of in-house adverts in addition to ones from traditional companies. One of the best advantages of traditional adverts is that they could pay out to users far past 7 days.

I still get paid for users that signed up on sites I haven't owned for years. Granted, it's not as much as it was, since many of those users likely quit the corresponding sites and stopped buying things. What's really awesome is when I suddenly get a huge payout from something because a few users decide to buy things all in the same period. A surprise check for a few hundred dollars is always welcome.

I would personally prefer a combination of in-house adverts in addition to ones from traditional companies

That's the beauty of this platform. We can have the front ends give us as many options as we like.

We can always have both and more!

We possibly could even get payouts from interfaces we don't even use.

Good thing we didn't "sully" the steemit platform with advertising, that was a close call..lol ;-)

Remember this little gem from July 10, 2017?

With good old organic votes...

Those were the days eh?

Well, as organic as they can be in this system.

We already have advertising. It's called buying fucking votes. Why are the bidbots marketed as "promotional tools" and such? Because every fucking post that uses them is an advertisement, a PROMOTED POST, paid programming, a goddamn advertisement.

https://steemit.com/@nonameslefttouse/the-trending-tab-on-steemit-is-becoming-paid-programming-and-should-be-labelled-accordingly

January 10th, 2018. I tried to point out early on why it's important to do this ADVERTISING stuff properly.

It evolved into this deep rabbit hole of links and even a video someone else made.

https://steemit.com/steem/@phoneinf/how-to-make-steem-blockchain-into-a-success-the-new-google-solution-by-nonameslefttouse

I called this mess we're in long before people even knew it would turn into a mess. I offered solutions early on, the end results and benefits far exceed those of anything anyone else has come up with so far.

All I did was waste my fucking time. The current promotional system of buying votes can be altered in a fashion that benefits everyone from the passive investor to the organic content producer. Obviously nobody wants that, can't understand it, or hates my idea because they didn't think of it first.

Pardon me for venting. Anyway, I'm sure you have votes to sell to people who do not give a fuck about this place. Have a good day buddy!

Nice toxicity, bro!

Vent all you want, by the way. I ain't mad atcha. I tried to warn people that things were going to go downhill if "development" was left in the hands of STINC after Dan left and if witnesses didn't grow a spine and reject hard fork proposals.

I am a product of my environment now, for better or worse. I tried to be the righteous holdout. I tried to argue the facts. But nobody cares about that shit until it's too late. So here we are...

Hard to grow a spine, when you're a marionette beholden to the puppet masters.

Yup! Trying to save the day is "toxic!" Confronting people, putting them on the spot and asking questions is "toxic!" Having a brain is "toxic!" Calling out the bullshit is "toxic!" Gotta pretend we're in church! SHHH!!! Sing your songs! LOL... wtf am I doing...

Here we are...

Yep. I know how all of that goes. I've been doing it for over two years. Do you know where it has gotten me?

Hell...Ned gets so triggered by my mere existence in a chat that he kicks out other witnesses that are just somewhat associated with me. Look at the replies I get from official Steemitblog posts (oh, right...they never reply). Look where I plateaued on the witness list.

I was labeled "toxic" by the people that I have rightly called out. And even after being vindicated again and again for being correct, I'm still dismissed and still labeled by those same people who now say exactly the same things I said 1-2 years ago.

So...join the club, bro. It truly is an honor to have you. I'm not being sarcastic. You're a good guy and you're now in good company, in my opinion.

I saw some of these posts about bringing in advertisements. It drives me crazy watching some of these folks try to figure it out.

All we have to do is EMBRACE the content producer and their content. Why? Because BILLIONS!
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Remove every post using bidbots away from things like THE DREADED TRENDING PAGE, give that back to organic content producers. Place all of those promoted shitty bidbot posts within a market. Have content producers CHOOSE shitty advertisements from this market BEFORE publishing, give everyone TWO SLOTS to fill.

Now, instead of a twenty or so ad slots on the trending page that nobody looks at, we've created thousands upon thousands of ad slots for all these shitty promoted posts that drive content consumers away. Allow the goddamn actual content producer to lure the eyes FIRST to their work, then potentially the ads INSIDE blog posts, videos, whatever!

When these ads are placed inside a market, they can first buy STEEM to get there, then all these passive investors can offer their services and help those wanting to promote jockey for position within this market just like the trending tab here. The more you pay, the higher you shitty advertisement sits within this market. That way, the lazy blogger can choose from the top slots, but everyone else can DECIDE what they want to promote on THEIR blog. Maybe it's an ad for a new token, maybe it's a witness trying to promote themselves, maybe it's coca cola. The one promoting would offer incentives for content producers to choose their ads, such as higher percentage of the ad revenue. When someone clicks an ad, that click serves as a vote for the content producer hosting that ad! LOOK! Another way to create ad revenue for the content producer.

Now, since there's competition within this ad market because they have to jockey for position and people are CHOOSING ads, I've created a way to maintain steady buying pressure on STEEM to the tune of potentially billions of outside money pouring in every year, provided the content producers perform. Giving content producers their stage back plus potential ad revenue on top of votes will certainly be a great incentive to want to do well and many would flock to this place because they have a viewership and potential revenue streams. Hooray! Just like anywhere else on the internet!

People could then sell votes, that wouldn't affect organic content producers, make it fair so those selling votes aren't earning far more than those curating BECAUSE A HEALTHY BALANCE of sellers and curators is needed OR EVERYONE LOSES BILLIONS! Hooray! Now everyone has a role to play, works together instead of against each other, and our token can increase in value due to demand...and that helps pay to keep the lights on, plus we all earn. An incentive to hold the token is there, the incentive to buy is there, the incentive to use the token as a tool is there, the incentive to curate content is there, and even you shitty greasy vote sellers get to make money!

But that's not all!

Something as simple as giving each advertisement ONE TAG to use now creates MULTIPLE MARKETS where everyone must buy STEEM to enter, then pay stakeholders to jockey for position within these markets! The competition part is what makes it genius! I did that!

LOL!

I'm not even finished. I left out a lot, plenty of holes. It's simple, yet complex, and without everything working together, it simply won't work. For instance, if the vote sellers try to make it so they earn the most, everyone puts their money there, but nobody curates, the content producer can't succeed, and the ads don't get views! So don't be getting greedy now, or you'll lose billions!

Yes, The system did drown in back-scratching, to put it politely.

my guess is we have about enough traffic to pay for one trending post with ad revenue.

Yes, I remember you saying it.

But also... All the people want this to be free, have no ads, unlimited use, no need to invest. Etc.

Don't mind me I'm grumpy.

But also... All the people want this to be free, have no ads, unlimited use, no need to invest. Etc.

Well, people also don't know what they want or how most things work, so a large majority of them can simply be ignored when adults are talking business.

Don't mind me. I'm still "toxic," apparently. :)

All the people want this to be free, have no ads, unlimited use, no need to invest

Thats because we don't want any of that forced, look-at-me-by-all-means advertising crap

Just good ol adverts and have Steem Inc and the bloggers split the profit!

https://steemit.com/@nonameslefttouse/i-don-t-want-to-be-a-sellout-and-a-few-other-things-i-find-somewhat-humorous-about-this-place

Try not to make sense else he'd mute you. That's if he hasn't done that already.

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