Will Mark Zuckerberg (Facebook ) Plan to enter cryptocurrency space destroy STEEMIT.COM ?
Facebook is a centralized for profit organization that is fraught with big company advertisements, governments spies, control of freedom of speech and greed (no single revenue share with community). Steemit, on the other hand, is the new sexy guy in town that solves the limitations of Facebook because it is decentralized, great revenue sharing concept: give all people the opportunity to make big money blogging what they love without the control of big brothers (governments and their spies).
In his 2018 statement, Mark Zuckerberg (Facebook CEO) made an interesting remark with regard to cryptocurrencies read it here
Therefore, do not be surprised if Facebook CEO Mark Zuckerberg will want to take the fight to steemit- the conundrum, however, is: will he succeed? Here are some few points.
**Trying to Join the Vibe: ** Yes I do share my steemit posts (about the ingenuity of steemit) on Facebook (am sure Mark Zuckerberg will not see it, but his agents are everywhere) .By constantly showing Facebook how decentralized platform like steemit is better than their business model (including constant news about cryptocurrencies on television especially financial news) plus his former buddies Winklevoss twins (remember their issues with him? ) being the first bitcoin billionaire’s- read the info via my former post here I am sure that Zuckerberg is in a paranoid state of losing out (FOMO) and want to join the vibe just like bitcoin former hater JP Morgan CEO James Dimon
**Taking the fight to steemit **: Steemit is undoubtedly the best social media revenue sharing site in the world that have moved many family (especially from developing countries) out of poverty due to the ability to earn decent money while blogging . see the below video for some good points.
Uniqueness: Facebook is a great company however not unique in creating new products (even MySpace started such social media platform concept before face book)- Reason is that its strategy is based on using its big cash for M&A ie buy other weaker competitors or enter a new segment through M&A strategy-this is not bad and shows great working capital management and many big companies with big cash follow such strategy. Therefore, don’t be surprise if Facebook will want to take over steemit however am sure that @ned will say no because as I indicated in my former post , steem ecosystem is unqiue and ready to take over the world and thus will be far ahead of Facebook in the crypto space with its superior block chain technology.
What do you think? –is steemit in danger if Facebook enters the crypto spacet? Send in your comment and please would you upvote this post and resteem in order for others to join the discussion.
Click here and read my former post: The Amazing Power of Opportunities in Cryptocurrencies : Steem & Ethereum Lyte (Elyte) (2)
Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 2K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts? Make sure to check out their twitter page : https://twitter.com/EthereumLyte , website : https://www.elyte.biz/ and white paper or join their active telegram community https://t.co/kAhkvVTPBF where all your questions will be answered.
And get their tokens fo free via their current bounty, see link https://docs.google.com/forms/d/e/1FAIpQLScf9ORCo55gpLT9kIJA2kjR0ugWUeT5lDQg9GPgZ6RlW2Nc4A/viewform
Elyte website: https://www.elyte.biz/
Telegram : https://t.co/kAhkvVTPBF
Facebook: https://www.facebook.com/EthereumLyte
Twitter: https://twitter.com/EthereumLyte
Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
Join the Telegram group for now!
After joining with steemit, I am not interested to do spend even 5 minutes on Facebook. Facebook is just making their own business with users.And Facebook is full of with fake news.They don't have enough control system to avoid the fake news. Even most of Facebook users don't have any trust on Facebook.I have huge bad experience with Facebook. Too many peoples in Bangladesh has been the sufferer for Facebook.Even too many have lost their lives also.Because Facebook is the platform of fake news.For this fake news, few people attacked other peoples with this kind of the wrong issue. It's not finished yet.Hope it will continue.
Good point and more success to you here.
You have said it all name sake @Charles1,
i couldn't have said it better, while facebook and mark are doing their things over there,
we here steemians are building our writing skills, meeting people and learning from wide variety of subjects and earning amongst other....
I am the happiest perason joining this platform today, and i really thank you for the further enlightenment on this post @charles1
Welcome to steemit..am sure that you will be a success here. See my older posts for tips that will help you succeed more..success to you
Not sure of the results but definitely will be a interesting war to watch out for.
hahahah good one
Not as better as yours ..
Hi Charles, i think with power of people nobody can destroy Steemit, only as democratic system will be grown or not , this is my opinion...
I agree...good point indeed
I was under the impression that SteemIT payouts are an introductory thing. Will they continue to give payouts ?
And as the SteemIT community increases, more and more SBD and Steem dollars will be generated. This will be very much similar to Fiat currencies. Please correct me if I am wrong on that part. Just want to understand how will Steemit function in future.
Steem reward system will always be there however as many people join then there will be more people to share the reward with ...on the other hand, the value of the rewards you get will increase drastically. Yes steem is an inflationary coin
Thanks for your reply charles1. Inflationary coin, is it a matter of concern ?
Another point is, will greedy scammers or bots be able to bring down such a great project. Payouts will surely attract a lot of greed. It will be interesting to see how Steem counters the greedy scammers.
The difference is that Steemit values content and quality while FB is already full of garbage posts. The only threat is that FB holds $38bn in cash and when Zuckerberg realizes the power of crpytos he has the firepower to do acquisitions (like he did with Instagram). Remember when you are a tech giant and a new threat pops out, if you can't beat it you can always buy it.
Good point which was raised in this article...thanks for your comment.
I don't see Zuckerberg going down the road of Cryptocurrency. He's to friendly with the banks and goverments of the world. If Facebook came into the market it would have to be something similar to RIPPLE. Facebook wouldn't come in unless there is some banking control over their coin.
Very good point, and welcome to steemit- your points make sense. Read my older posts for guidiance on how to success here
Facebook entering into the crypto discussion feels like a way to control the narrative of cryptocurrencies. Let’s face it, crypto is decentralized by nature - most of them anyway - and Facebook is not. Unless Facebook has plans of starting their own crypto, I don’t see how integrating the existing ones helps them in any way.
Good point my friend...they might even try M&A isnt it?
Great post Steemit is undoubtedly the best social media revenue sharing site in the world that have moved many family (especially from developing countries) out of poverty due to the ability to earn decent money while blogging,very very true.
My dear @adigunabiola you can say that again
I just joined less than 24hours ago and am already earning,
Please tell me what can get better than this....
2018 starting in awesomeness 😁😂
welcome
not only facebook will make the "war" to steemit. Next to it is instagram, Twitter.
Theres already another site like steemit about to kick out yoyow (you own your words)..
We are entering into a cryptocurrecie war.
I agree with you..most will copy the concept and wage war...we have to be ready isnt it?
Yes sir... the world is changing under our noses.. something huge is coming