You are viewing a single comment's thread from:

RE: Downvote Pool Deep Dive

in #steem6 years ago

No company is going to be looking to spend a million dollars for 300k users

This is completely wrong. Customer acquisition costs are nearly always more than a few dollars, sometimes thousands of dollars (tens being common).

There is an added cost to using a blockchain vs a database, on that I would agree, but with the right business models, the cost is easily justified.

Sort:  

Yeah when it comes to marketing, so not only will they have to pay for those users they will also have to do marketing which increases their cost. So why use blockchain instead of a system they know will work and won't cost them just as much if not double.

It only makes sense if the added costs of a blockchain are valuable to the business model. Otherwise it doesn't. Changing the parameters on account creation does not change this, the costs are still there.

However, the point I'm making is that these costs are relatively small compared to the other costs of acquiring customers, so with any meaningful benefit from the blockchain, a business should be able to justify them.

I'm not talking about the steem burn cost's, we only care about the rc cost of account creation. If we lower it by 5-10 times, spending a million on sp for applications is a more viable option. And this is coming from applications we have been in contact with as we try to onboard projects which we will be announcing very soon. We're currently trying to onboard a media company with more than 32 sites.

Since they have to delegate anyways, and if abuse starts to happen we can turn it up. It would still require a certain amount of investment to even make accounts with sp. I think more useful things could come from the sp they own. This could also increase the price of steem as applications would be more willing to power up. Considering no one knows when smt's are coming.

Other options are being made to get users in free but, they're not putting it in priority and if as many users leave that people think will because of the new changes proposed. We need a decent influx of users.

1 comment every 5 days is kind of hard to abuse, They could spam custom_json and wallet memo spam. But with the dex's being made a such how do we expect users to come into our market or have a private wallet or even invest in steem without an account.

I also sent you a pm in slack explaining a bit more.