I think it is a mixture of things. Both the social side and technology behind Steemit are it's strong qualities. It's that mixture of things that existed that I think makes Steemit work. Blogging platforms and cryptocurrency. I have seen attempts at blogging and reddit type sites that used Bitcoin and other crypto to upvote and do many things that Steemit just has done right. I think Steemit is special on it's social site compared to so many other things in the crypto world because the social side is built in rather than relying on every other web app and site.
You are viewing a single comment's thread from:
probably you are right. but the market exchanges steem (for other crypto, not for fiat, btw) because thinks it will produce wealth in the future. it can come out of the social thing, of course, but it means advertising, and Steem has no ads at the moment.
Steemit can be the media portion of all crypto currency. It is unique in that information is stored on the steem block chain. No other crypto can do what steem does, and thus this has value, arguably greater value then any other crypto currency as steem will have both communication and finance all wrapped up into one easy to understand and digestible package in the long run.
sorry, I don't understand this. but thx.
Steemit is valuable due to it being the future means of communication in a decentralized economy (the crypto currency economy).
thx, it's more clear :)
I think I said the same thing, writing about a the fact that the market believes exchanges actual USD for Steem (via BTC, currently) because Steem has a "technology that can in the future replace the old one, the one currently used for transaction in national currencies all around the world". But if it is how I write, than Steem is just a financial tool.
Of course, "crypto currency economy" is an expression that can mean different things ;)