Entrecard has announced today that they will stop paying bloggers credits for having the Entrecard widget at their blogs, which pretty much removes the incentive to keep the widgets at your blogs. I think this will really kill Entrecard, since there are services out there paying/giving credits for having the widget at your sites/blog. If Entrecard stop paying for the widget and only just reward droppers why should anyone keep the widget at their site/blog in that case?
On first of September we’re moving the widget at the very bottom of this page, since we’re not rewarded for a higher position. The place where the Entrecard widget used to be will be replaced by something else in stead (exactly what we haven’t decided yet).
As I wrote earlier when the sale of Entrecard was announced, I think Entrecard will go the same way as Million Dollar Wiki did after Graham had sold that site….
This is the email sent to all Entrecard members:
Hi everyone,We hope that you have been pleased with Entrecards progress. The management team has been working hard to improve Entrecard and we thank you for your patience.
We have noticed that the total number of Entrecard credits in the system has grown rapidly. This has been due to the fact that more credits are being created than credits are leaving the system. If this inflation continues, Entrecard credits will be worth less and less. To ensure a stable credit economy and reduce the outstanding credits, Entrecard will no longer give Entrecard credits to the person receiving a drop. In other words, instead of awarding 2 credits for each drop (one to the dropper and one to the blog site owner), only 1 credit will be given to the dropper. This change will be effective September 1, 2009 and will last until further notice.
We have explored many other options to deflate the credit economy and we have found this route to be the easiest and fairest way to resolve the problem for the time being. While this may seem like a set back, it has its advantages. In the long run, the prices to advertise on blogs will decline making advertising more affordable.
While we recognize your concerns, please understand that it is one of our goals to have a healthy Entrecard credit economy. This is a huge change we’re making and we will continue to monitor the credit economy. We will continue to make changes as necessary to accommodate a healthy Entrecard economy. Thank you for your support and understanding.
Cindy Ung
Director of Business Development
Entrecard.com
