Giving 100% of My Witness Rewards to Advertising Steem!
Starting today ALL of my earnings as a Steem witness will fund advertising for Steem! 50% of the rewards will pay Google and Facebook to show ads while 50% will be delegated in Steem Power to authors producing posts which are placed successfully as ads! The accountability for this will remain at https://airtable.com/shrXuoYTnODWA0QG1 where posts each week or two will provide updates with the payments and latest ads! I will also subtract server costs before making any other calculations because these are necessary to maintain the witness! Currently I have paid all the costs for two more months meaning no subtractions for hosting until November or December 2017!
Would you please join 1586 of us in voting for jerrybanfield as a witness at https://steemit.com/~witnesses or set jerrybanfield as a proxy because your vote will help increase our Steem advertising budget?
Budget
As of October 12, 2017, thank you very much for what you have done to help me receive about 50 blocks a day as witness #27. With the reward being 0.953 Steem Power per block as a backup witness, that equals about 47.65 Steem Power a day equal to about $50 a day at the current price of Steem.
Bigger Budget?
Each top 20 witness receives about 260 Steem Power meaning that having me in any top 20 witness slot will provide about $260 A DAY for our ad budget which is over 5 times what I currently receive at rank 27.
On Facebook and Google, the rewards from one top 20 witness are enough for hundreds of thousands of ads to show EVERY DAY! When we show this many ads every single day, we are guaranteeing a significant increase in the demand for Steem on exchanges over the coming months. We can also expect 100 to 1000 new users EVERY DAY from the ad signups and word of mouth marketing follow up!
As the price of Steem increases, my pledge to give 100% of my block production rewards as a top 20 witness (minus server hosting costs) will automatically increase our advertising budget. For example, at $3 Steem price, this will equal $600+ A DAY in ad spend which is enough to show about a half million ads daily. The coming $10 Steem price will equal $2,500+ A DAY in ad spend which is enough for millions of people to see ads for Steem every day. As our numbers of users grow, the demand for Steem will continue to grow and guarantee a price increase regardless of market conditions.
Who Gets Paid?
In spending the rewards, we have two basic systems starting today which pay out after the server hosting costs are prepaid to @privex!
- 50% of rewards will be paid to Google and Facebook to show ads using a partial power down equal to the expected rewards the previous week.
- 50% of rewards will delegated indefinitely to authors making posts that are formatted correctly for me to copy and paste into ads. In other words, I will maintain an ongoing writing competition to pitch Steem successfully to users clicking on ads and reward authors with lifetime Steem Power delegations for each post I use in the ads!
How to Participate?
Within a year from today, I intend to have ads running for many of our posts on Steemit.com that show to 100,000+ users on Google and Facebook every day! Below are the eight steps I see at making that possible! Participation in any language is welcome!
- Would you please make a vote for jerrybanfield as a witness or set jerrybanfield as a proxy to handle all witness votes at https://steemit.com/~witnesses because 100% of the rewards I receive will be given back to advertising Steem? Thank you to the 1586 accounts voting for me as a witness, the 739M VESTS assigned from users trusting me to make all witness votes by setting me as proxy, and @followbtcnews for making these .gif images!
- Prepare ideas for posts optimized to run as ads.
- Watch for my post announcing the opening of submissions for STEEMADS. This is where I will begin transitioning to the majority of the ad spend to posts on Steem written by authors that are not me. The announcement post and follow up reports will all be tagged with STEEMADS and shown at https://airtable.com/shrXuoYTnODWA0QG1. I recommend waiting for the announcement with all the details to go forward. Until then, here is what I am planning for now to follow!
- Write posts that exactly match the formatting requirements I ask for because these will be optimized to welcome users to Steem immediately after clicks on ads and also give me everything I need to make the ads in one place. Each post will require an image taken by the author with no text which can be used landscape or square preferably 1920 by 1080 pixels along with ad text for Google and Facebook.
- Tag the posts with steemads as the primary tag to make the submission.
- I will review the posts in the order of trending and submit as many correctly formatted posts as I can into both Google and Facebook to show as ads.
- Each post that is approved as an ad on Google and Facebook will result in a delegation of Steem Power as my thank you which will provide an indefinite increase in the voting power for the user receiving the delegation at the exact same rate as having that much Steem powered up would. This will be done from a pool to help users earn rewards evenly over time.
- I will make reports about once a week or two sharing how the ads are performing and continue accepting submissions indefinitely.
Witness Servers
If you are curious about my witness servers being prepared for a top 20 slot, here are my current specs for my witness server, seed node, and backup server.
64GB DDR4 RAM
2x Intel Xeon E5-2630 V3
2x 240GB SSDs
1Gbit/s connection
To summarize my server performance so far, I have missed one block in 3 months out of around a thousand received. I have a sever, a seed node, and am almost finished setting up 1 backup server while also planning to get a second backup server. Every single server is capable of handling a block every 63 seconds indefinitely. I am finishing an automatic failover system with conductor that will allow automatic switching of servers when just a few misses are detected to minimize blocks missed and provide the best user experience on Steem. For version updates, I will be able to switch servers between blocks without missing a block or having to disable!
Let's Rock!
If you have already voted for me as a witness and are wondering how else you can help right away, would you make a post about why you are voting for me as a witness like @cryptoctopus did at https://steemit.com/witness/@cryptoctopus/why-i-m-voting-for-jerrybanfield-s-witness because this will help us collaborate in raising over $100,000 a year to advertise our community here?
Love,
Jerry Banfield
Please stop upvoting this moron scammer! EVERYTHING he is charging people for is available for FREE! DO NOT SUPPORT THE SCAMMER @jerrybanfield!!
Note that this comment is funded with almost all self upvotes from accounts all under control of @nextgencrypto :) The irony of suggesting I am a scammer and then upvoting $16 in your own comments is pretty thick!
Why is it called a scammer if I may ask..
I would like to know what is happening here.
yesterday I received a lot of flags or negative votes just because I laughed at a photo that put a user at random and I saw that not only to me that all the comments in a post were marked by at least 6 or 8 negative votes. Is there any whale fighting going on?
I think it's fine who wants to fight like children voting negative comments but please do not splash those who have nothing to do with all this.
using the steemworld application you can see who are the ones who voted negatively and without any justification to me and to all the users who commented on that post
https://steemworld.org/@networker5
Took the suggestion right out of my mouth.
Have you considered dedicating a potion of the rewards to a non-advertising related source? That might broaden the appeal of this (generous) witness-block sharing initiative.
After the costs for server maintenance, this (100% share) represents a substantial financial loss to Jerry to implement. Anyone should consider that before criticizing. According to Anyx (witness), it is a couple hundred dollars per day.
Currently my server costs are about $500 to $600 a month and I will get a third server when I am in the top 20 to add depth to my backup. Anxy has a lot higher costs I think because of the bots he runs like @cheetah. In the future I think witness voters especially at the top will prefer to vote for witnesses that are transparent about the earnings and the expenses related to being a witness.
"Anxy has a lot higher costs I think because of the bots he runs like @cheetah."
Yep, that's one thing I learned while doing his entry in the witness reports. Cheetah is surprisingly expensive!
I suppose it makes sense that keeping a cheetah is not economically efficient.
this is a good step in the right direction, but the community has it's eyes on you, so best to move carefully in the future. find some trusted counsel that can advise you on important decisions (every single $100+ post is an important decision).
"(every single $100+ post is an important decision)."
Salient words of wisdom that are easy to forget.
"find some trusted counsel that can advise"
This is also sage advice.
Thank you I am checking with my wife more often on posts now and also reducing my posting frequency to once daily because so far every time I have went above this it has caused a problem!
a lot of people think that you are a total scam artist jerry. I want to believe that you are trying to "go clean". However, you've already admitted to a scamdalous history, so why not take the high road? Prove everyone wrong.
Do you notice how certain top witnesses decline pay on certain posts, rarely vote on themselves, and spend a lot of time working for the community in ways that are not directly and immediately beneficial to themselves?
You have stuck your neck out there by being the most visible, and you've pulled a few wildcards.
What you do from today forward makes all the more difference!
Also, a few vlogs about being a witness that explain how hard it is, how much work it is, and how it is a monumental task to become a top witness, so anyone who wants to do it should do it for the benefit of the community, and don't spend anything they expect to get back in the immediate future.
The people who come to be a witness from you seem to be a disgruntled bunch, because you're selling pipe dreams.
Everyone has a valid opinion whether I agree with it or not! The person saying "I am amazing and the best ever" is just as right as the person I am claiming I am a total scam artist. It all depends on how we look at the world. I appreciate your feedback and have an Ubuntu Linux server security tutorial nearly finished as well as progress on a witness setup video tutorial all of which will be available free.
Great initiative @jerrybanfield! Good for you, good for us all!!!
I want to thank you for such a powerful decision that will empower all of us on the long run. Keep it up, keep your smile, Steem on, thrive on and Namaste :)
Thank you Eric!
Isn't this what you tried to do when you were shilling for DASH - proposing a scheme where you're given a bunch of money "for advertising?"
And isn't this the reason why you were run out of town by the other DASH masternodes, had your public meltdown, sold your own masternode, and ended up here on Steemit...doing nearly the exact same thing?
I rarely go to my Home page, but when I do I get these kinds of awesome posts. Can anyone tell me who else is putting the equal or close level of efforts as Jerry is? I want to follow every single Steemians who is impacting Steemit community like he is. Please recommend me who are most influential Steemians that we as a Steemians should follow. Thanks in advance. When you google, You find Jerry, When you youtube, You find Jerry, When you Dtube, You find Jerry, When you search for Steemit infos, You find Jerry, When you see Steemit Ads, You find Jerry. Common man, You say this is your only job as of now, I hope you are doing okay with your Youtube and other side revenues. Is there a way to put all of my 30 witnesses votes on you?(Just being sarcastic) Keep up your good work, Jerry!! Proud to be connected with you. Here's my Thank you on my Article I posted 5 days ago
Many of the most influential Steemians, particularly the top witnesses, are not the most visible, as they handle other (often technical) duties.
See the series I have written (and posted on Jerry's blog) called "Meet The Witnesses", or check my "Witnesses Remastered" posts for more information.
Thank you @lexiconical . I would definitely read those article. Thank you for responding and give infos.
Happy to help out!
Jay thank you very much for sharing so much support here! I am grateful the author rewards are so consistent on Steem which is enough for me as a paycheck in addition to YouTube and everything else. In my posts I try to link to link to those that help me the most as @lexiconical mentioned especially for the witness series!
how to make my investment
thank you
Just great! I want to thank you because i got into Steemit because of an Ad you posted on Facebook, even though i wasn't a follower of you before, you are certainly reaching some spheres out there that Steemit needs to be know everywhere!
The fact that concerns me a little is that as the Sign Up process takes some time, people gets frustrated and start giving twisted info to the rest of the market, calling Steem a Ponzi or a Scam, and that's because they don't yet understand a blockchain.
Steemit has around 500k users, and the blockchain guarantees transactions with no fees and inmediately.
As every Upvote, Comment or Post, is a transaction itself, duplicating the users of the network would mean duplicating the transactions that the blockchain needs to mantain, and in order to keep it fees-less and inmediate, the growth of the network needs to be slow but steady.
So i propose you to invest less in Advertising and Investing more on good content HERE on Steemit.
The delegation IDEA is JUST AMAZING! The best way of getting the people in the mood of curating good content, that should be the very end of this platform.
I want to congratulate you again for that amazing work you're doing, because one way or another we (Steemians) are all benefiting from the doors you're knocking in other Social Networks.
STEEM ON My friend, thanks a lot.
Thank you very much for your suggestion here @erodriguezc11! With what you said in mind, maybe I will adjust the percentage to even more delegation and a smaller amount for the ads? Steemit fortunately is building a much better signup process which hopefully will be available soon!
Delegate to verified users that have a credible introduceyourself post. Early on people could signup for an account on facebook, and then go to steemit, repeat, repeat, repeat.
That would be very nice initiation.Good work @jerrybanfield.
I have been your follower since past 3 years on all of the social media networks.
You don't know it but you have helped me a lot to make a living online through your Udemy course. I Consider myself as one of your good student on udemy.
In fact, I am here because of you. Yes I was your post about Steemit and that got me here before 4 months, But I'm still having trouble on finding the right path here.
So, this comment is ,as my request to you to make a full course on steemit A-Z. That would be very much helpful for lots of newbies like me who are very much struggling to grow on this community.
With Much Love and Respect.
--Asis
Thank you for sharing your journey with me here! Would you visit https://jerrybanfield.com/freecourses/ because the second coupon has a link to my Steem video course free?
Nice work Jerry!!! The effort you put into steem is amazing!!!
Are you an investor or trader, @tegs79?
Why you don't blog anything?
Nice to see you .
Just curious if you've taken into consideration why steemit doesn't yet advertise itself.
Maybe you should take a cue.
The demand of Sign Ups is high enough i think, the process of approval of each account is what makes the process slower, but i guess it is because of the stability of the blockchain.
As every post, comment, upvote is a transaction itself, duplicate the users could mean duplicate the traffic, and at the end duplicating the transactions.
Steemit is great because you make all those kind of transactions with NO FEES and in A SECOND, that makes Steemit better than any other cryptofunded project around, because it has a Coin 100% usable.
But in order to keep the stability and taking the scalability into account, the Sign Up process should take some time, as it is doing right now. Great for us that are already in making good content!
#keepsteemin my friend!
Steem is doing some of their own ad campaigns and it seems most companies hire help with ads. For example, Apple paid a fortune for an ad agency to do their ads as explained in the Steve Jobs biography I read.
Yeah, but...
Those are actually good advertising agencies. They're not @jerrybanfield with his clown hat and "Butters" faces and bad trading/investment advice.