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RE: Steemit.com generating roughly $20k per month in Ad Revenue
Yea I think eventually users need to be getting part of the advertising revenue. Steemit,Inc is in a tough spot, they have to pay the developers otherwise they will quit, but they don't have anything to pay them with unless they sell steem, which further drives down prices and makes them have to sell even more steem down the road. It's not sustainable. Generating revenue via advertising is the lesser of two evils, though perhaps once (if) this place gets bigger, perhaps they can use excess revenue to buy up steem and burn it, or come up with some other way of giving that ad revenue back to the people that are actually responsible for generating it.
Yes fair point - ad revenue is better than selling Steem!
I'm not convinced it's sound to rely on ad revenue going forwards....a nice stop-gap for 2020 and that's about it.
Returning the ad revenue to users, even if it's a tiny proportion, would be a great pro-steem, anti FB marketing tool come to think of it.
Yep, and if there was a way to do it based on views per post without it being game-able, it would help reward those that put out good (possibly popular) content that don't get many votes on here. The steem rewards would be a bonus.