Yeah, Steem price is still very low considering it's one of the fastest and cheapest crypto. Plus all kinds of apps are being created which are doing great! Steem has some sort of usage unlike bitcoin which is basically for holding and selling.
I can't wait for SMT's to come into play. I think it will make steem price explode once they are in action!
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The apps are going to be huge. Actually, developers are also attracted into the ecosystem, since they are incentivized to create apps too.
Could it be an actual replacement of facebook?
I mean, with private messaging included?
I see blockchain as an open ledger. Which makes it not suitable for 'private' messaging :)
Of course, there's the option of encrypting messages.
Then again.. What about performance. Blocks need to be validated, which takes time...
So, I would think a mix of both worlds will be needed to actually replace the current centralised platforms.
Probably we need to get over the hype curve to see those thinks clear? Not everything has to be put on a blockchain I guess ...
True about the private messaging. There's also probably a huge element of the hype curve. But then again...FB was just a college fad before 1/4 of the planet jumped in...
Feels like it's time for some hands-on experience :)