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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?

in #steem7 years ago

Will the old, Not blockchain-based institutions like youtube, fb, google and so on and so forth really allow the steemian marketing People to promote their project? I am not sure..this would mean paying for loosing people on their plattforms:-)) Maybe in the Short run, but not on the Long run..

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They will fight

Yes they will, but when and how will fast can they adapt?

If fb launches it's own blockchain and start paying it's users for just using, it means 2 drastic things:

  1. It validates Steem and all it possible future fb blockchain competition.
  2. It is a Big cut into it's earning. Imagine the shares dropping from half a Trillion by 50%. and Imagine just 10% of that money going into Steem....big implications. Money always flows to stronger underdog competitor in a fight.

I look forward to the day they see the tsunami coming and do fight with Steem.

Yes, there's the ticket. If FB does not eventually see steemit as a threat, it will AT LEAST see it as an example of what they could be doing. Let's just hope they don't catch on TOO soon...because then steemit will potentially lose opportunity value.

Yes, they don't think anyone can threaten them, it's call the tsunami effect, the psychological state will not allow these big companies to take action until it's too late.

I've heard rumors of reddit, Facebook, and maybe others hiding posts about Steemit. They have an extreme level of control over what is and isn't seen, and this is a threat, even if just a small one for now.

Agreed!
They want total control

That is why DLT aka blockchain technology is the great invention to level that playing field.

They thought Xerox will always rule office copier tech, Blockbuster will always rule home videos, or GM and Ford will always be top car maker, nothing is dominates forever, not even fb.

Additionally if FB disappears tomorrow, the world will not be any worst, as compared to say Xerox, Blockbuster, GM and Ford who actually produces value in utility, entertainment, transport and if not then at least local jobs in the US.

I think I have only checked my FB once in last 3-4 months, and none since I found Steem.

So true, and not just for social media. Ecommerce, cloud storage/computing, "sharing economy" services, and others will face disruption.

While Steemit might not quite be ready for the mainstream, I know that many folks are ready to ditch Facebook. It's just a matter of getting it to a place where it looks as good or better, is just as easy to use, and pays out crypto.

Lol...agreed @scottyeager, I do hope we are a thread. Look what 1 little minnow like me can do to a youtube posting on a multi-million dollar ICO.

Don't watch here....click watch on youtube and expend to see my comments to the Real Viewers and Shills alike:

You make a great point. Most of the comments on that video say something like "this looks so awesome, when can I sign up?" And there you are, letting them know that Steemit is ready to go right now :)