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RE: Why Traditional Social Media Like Facebook Cannot Compete With STEEM

in #steem7 years ago

The future is so murky at this stage. On one hand I want to say that Blockchain IS the people and that it will give control back to users in deciding what goes. But on the other hand, if you look at a company like Amazon, they take successful smaller projects and make it their own and make it better. Excuse the word, but 'Cash' is still king. Money still will buy you the best developers, except if they refuse to assist these big companies in taking over yet another industry.

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Excuse the word, but 'Cash' is still king. Money still will buy you the best developers,...

And the blockchain world has an unlimited amount of money since each blockchain can create its own money.

Plus you are still a hired hand at that point....exchanging time for money albeit lots of money.

True that. So the developers will also be separated into true-believers and hired hands. If they believe in the projects they're developing, they'll accept payment in that token/coin. But i they're just doing it for the money, they'll take jobs at high-fiat-paying companies like Amazon. So essentially we're all in the same boat. The developers' boats just make a bit more important splashes , I think

The developers, for the most part, get no payment. They create out of love and seeing a need. Their compensation is not direct. If they create a successful application that people flock to, they will get rewarded. And, if it becomes big enough, they can create their own token like the Appic group is doing.

I would not be surprised to see Zappl and D.Tube have their own tokens at some point...and many more on here.

And creating a token for a popular app, I imagine is very profitable...a lot more than working at Facebook.

That's a great answer. Thank you!