Where I See Steemit In 5 Years: 30 Days Writing Challenge - Day 9
It's natural to think that Steemit isn't changing quick enough. Five months after joining, many of the problems that I've recognized while using the platform still haven't changed. It's frustrating, but it's important to take a short step back and remember that Steemit is not even two-years-old (7/4/2016). With apps and new initiatives launching off of the Steem blockchain, there's no telling what the next 5 years has in store for Steemit, but we can all guess, right?
@Dragosroua is challenging Steemians to a 30-Day Writing Challenge. For day #9, he asks, "Where Do You See Steemit In 5 Years?"
Where I See Steemit in 5 Years
In 5 years, Steemit will be one of many social media blockchains. It's very likely that new platforms will launch and traditional social networks (Facebook, Twitter) will adapt. Steemit has a small head start in the space and a high-functioning blockchain, but is that enough for it to continue to grow?
Over the next 5 years, I expect Steemit to grow significantly. Although Facebook and others are beginning to explore the blockchain and start projects in this space, the majority of players in this space are not really concerned with Steemit and blockchain-based competitiors, nor are most of the users aware that Steemit exists. I believe that before the battle really intensifies and you see blockchain platforms going after each other, Steemit will receive a flood of new users, attention, and hopefully, willing and able developers looking to build new apps on the blockchain. This is what could ultimately save and lead Steemit.
After all, the concept and current function is not enough to lead Steemit to become one of the top 5 social networks in the next 5 years alone. Newer projects with better technology will continue to develop (just look at what EOS is prepared to do). The community has to rise up. They have to market and build the Steemit platform.
I am bullish about the future of Steemit, and I believe it will still be here in 5 years, but there is much left to be determinned. I'll still be here blogging away and helping to try to grow this great community. Will you?
Previous 30-Day Writing Challenge Posts
- How I Started on Steemit
- What I Would Do with 1,000 STEEM
- The Best Thing That Has Happened To Me Because of Steemit
- My Top 5 Cryptos
- The Top Reason I Stay on Steemit
- 3 Ways to Make Steemit.com Better
- My Most Consistent Hobby Over the Past 5 Years
Upvoted. Steemit was emerging in 2016 but which month? Was it July or maybe April? So yeah, only about 2 years old. I do not trust Facebook even as it pretends to save face to go towards blockchain cryptocurrency things. I am on Facebook sometimes as most people are there. I encourage people to leave ghetto networks like Facebook to try this, here, Steemit, for example, this http://Steemit.com website and also http://Gab.ai and also http://Minds.com and http://Bitchute.com and others. I spend most of my time on Steemit now and I believe in it and I have Bitcoin. Thanks for sharing. I like it. I'm Oatmeal.
Thank you! I put the date in there (I had to look it up myself - July 4, 2016).
I don't trust them either, but most people are numb to this, which is why they have billions of DAUs.
What is DAU?
Ok, I'm bookmarking this post and locking it in a time capsule, to be opened in 5 years ( actually now that I type it, that sounds like a great app) so I can check your predictions.
Since today is my two year anniversary on Steemit, this seems like a fitting subject, "Where do I see Steemit in 5 years". I think the advantage Steemit has in being the first in the space will propel it ahead of all others as we soak up all the new users who flock to the platform when Facebook disintegrates. Consequently, Steem will be around $100 each.
Hahaha, thanks! That does sound like a great app...you should build it on the Steem blockchain :-)
Do you honestly believe that Steem will reach $100 each even with it doubling each year? I sure hope you're right!
Well, I'm basing that price on new users grow outpacing the doubling and causing a shortage of Steem as everyone tries to buy more to power up to increase their earnings.
Yeah, that would definitely have to happen to some extent for the platform to grow. I'd love to see it, but also want to make sure I get enough SP to benefit as well. Looking forward to that day :-), but okay if it never happens as well.
To be perfectly honest, I'd be just as happy if I was only half right ;)
Sounds good to me! Hey, would you recommend that curation program btw? Was reading some about it last night.
@qurator? I would absolutely recommend it. Especially for someone like you. Just don't make the mistake many do and stay at tier 0. A prolific publisher like yourself will find it much more rewarding to be at a higher tier.
Okay thanks a lot.