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RE: Why FB Crushing STEEM Would Be Great For Humanity...And Why It Will Not Happen 👍

in #steem7 years ago

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.