RE: Ask Me Anything Contest / Best Questions Win @SteemBasicIncome - Dragging You Up With Me Week #14
Well I will always remain loyal till it doesn’t work so I still foresee a bright future.
Essentially crypto is a license to print money, think of it like a countries currency except the country is a digital media platform and the residence of that country are paid for their contributions by their fellow residence rather then by centralized organizations.
So do we need Steemit inc, no Steem will work despite any front end changes. Layoffs I see as a good thing and long over due as we have seen immediate results directly afterwards by the junior staff. Say Steemit Inc collapses it makes a great opportunity for whom ever will step up but I see it highly unlikely.
As for mass user growth I’m pretty content with where we are at, as a social media platform we are doing pretty well. The struggle comes in with controversy of crypto with price fluctuations and the lack of knowledge around how a truest free market works. Therefore until we see mass adoption of crypto there will be no mass adoption of Steem but we may still have great growth through efficient expansion into the mobile sector.
The competitors are essentially just other rising nations against the tyranny of centralized banking, we must not fight with each other rather against the system that currently controls. Besides competition is a great motivator 😅
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Thanks a lot for taking the time to answer and appreciate the honest response. I agree with the points you made, at the moment, crypto adoption is still off by a couple of years I think as developers and blockchain start ups are looking to address real life use cases for the technology, but until they have a "revenue generator" it will be difficult to maintain.
I am still confident long term but things have taken a battering this year across the board so just have to keep the faith!
It would be awesome if similar projects actually came together to create a super/mega platform (which I guess is what steem is about with all the dapps) rather than have clones and things but fundamentally, people will always have slightly different viewpoints about how things should happen.
Anyway, it's still exciting to be a part of it all, let's hope things pick up in 2019 😀
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Yea I agree use case and implementation is definitely a few years away and coming from the high of last year things look really bad but we haven’t yet reached the low at the beginning of last year so that is definitely a positive in my eyes, I figure the beginning of 2019 will be ruff but will recover by summer and I hope it builds momentum from there but only time will tell!
Thanks again for participating 👍
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I sure hope you are right there, I have only known the price to go down town Charlie Brown since I joined in Jan Haha so it would be nice to see at least some green but in it for the long run.
I figure if I just focus on improving myself through the blogs and music I post then the rest will come 🙂
Thanks for answering my questions and sharing your thoughts, always nice to hear from someone who knows more about these things.
Take it easy
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