Steemit is not STEEM....that is important to remember.
Steemit could bit the dust...it is an app....however, STEEM is far and away one of the better blockchains out there. While I do believe that Steemit will keep pace because the development team is sound (although lousy at communicating with the user base). However, even if it failed, STEEM would still move ahead. There are lots of other apps on here that are gaining attention.
As for competition, that is a bankster world mindset. On blockchain, it is really no competition as much as preference. People will use what they want. Yet if we go with the competition, how about the idea that the competition could come from someone developing a better app...on this blockchain.
There is a chance the better mousetrap is built upon STEEM meaning you are no worse for wear. You entire wallet is on the blockchain and would apply equally to the other apps.
As long as development is taking place, STEEM will do well. And from what I can see, there are many on here who are pounding away at their keyboards creating apps. It is a wonderful place to be.
Wow....yeah, that's an epiphany. As long as I have Steem and people use the blockchain, I win...
So even if Steemit bit the dust I would still own all my Steem? Or those are questions I should Google search for?
But, dang, yeah, your reply really gave me a new perspective. And, wow... Thanks for taking the time to be so in-depth! :)
Yes your STEEM is on the steem blockchain...
Steemit is only an interface. Busy.org, chainbb, D.tube, and Zappl all access the same information.
We are entering the Age of Abundance with cryptocurrencies. STEEM, in my view, is going to be one of the ones leading the charge. The Internet came to money. When the Internet comes to an industry, it does two things: upends what is there and creates abundance. We saw this with information, communication, music, and video to just name a few.
Want to really see your hodlings increase, wait until we start seeing tokens created on this blockchain using the SMT protocol. When that happens, many tokens will be airdropped to the users on here. We are most likely going to see a lot of tokens given to us much in the same way as BTC hodlers got BCH and BTG.
Talk about money multiplying and compounding. That is something that I even forgot to mention.
Perhaps a post for tomorrow.
Wow. Yeah Eyes slowing opening to what's really going on. I thought Steemit was just a way to get some money for what I do and build a bigger community around my work, but, the Steem we're all earning has a much bigger potential than I ever realized. Sets my blood on fire to work even more on this platform.
And the people on here...the one's actually building community, so far, awesome people ;)
Thanks again. I look forward to reading what you put out next :) Glad I could help inspire a potential post.