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RE: Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding.

in #exyle6 years ago (edited)

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.

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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.