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RE: Could steemit be bought out by facebook,reddit or youtube?

in #cryptocurrency7 years ago (edited)

Hi dang007,

Steemit is a decentralized platform.

Facebook, YouTube, and Twitter are all centralized.

Therefore, it is unlikely that Steemit will be purchased by another big social media
because they will lose money on their own platforms.

Thanks :)

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Well if they dont buy steem stock or coin they will lose anyway as more and more people come here to steemit. If i were the ceo of any of those i would cut the head off steem before it start getting too big, buy it do what google do to youtube, put ads on.

I believe Steemit.com itself can be bought, but the underlying STEEM platform cannot, because it would be like someone "buying the Bitcoin platform". It doesn't work like that. It would be more like someone buying Bitcoin.com, or Coinbase.com

As the STEEM economy increases, there will likely be strong alternatives to Steemit.com. There already is one in the form of the Esteem app, which I don't think has anything to do with Steemit.com at all.