Every stock market company is doomed eternally! Why? Because the rich and powerful will buy enough shares to control what direction the company will take. Facebook does not belong to Zuckerberg anymore. The moment they made their IPO he gave away his baby, even if he still owns 50.01% of shares. He is legally bound to maximize profit for the share holders and nothing will ever change that.
Will the blockchain technology be able to withstand that kind of control? Only time will tell but here we have much better chances to keep freedom of speech and reward every kind of voice.
One thing is sure: The old epic battle of light and darkness is being continued in the cryptocurrency world and will bring one of the biggest changes the world has ever seen with it. Hopefully into a utopian paradise and not one of those ugly dystopian futures we see in 90% of all sci-fi movies.
I'm surprised nobody seems to be trying to buy up steem yet.
I agree with you. The desire to change is not great when you are dominating a market. It is only when things start to go south that people start looking for what is going wrong. By the time it is too late.
Kodak refused to change not believing that digital photos was the future. They believed themselves to be a film company, which they were. Once the use of film decreased, things took a turn for the worse for them. After that, phones came out with cameras on them which put them in bankruptcy.
Blockbuster the same thing. Netflix starting mailing DVDs while working on their digital platform. By the time Blockbuster woke up, they were cooked.
Blockchain has the ability to do the same thing. In fact, I will go one step further and say that even if a company is aware that it is coming, they are powerless to stop the blockchain. This is an entity that eats up whatever gets in its way.