RE: There is a revolution going on and you are part of it! (Maybe not even knowing it, until you read this article...)
I still see some challenges with steem or in particular steemit
- Bots - buying upvotes is manipulation, but nearly everyone does is because nobody - at least no central party - can't stop it. There has to be a way to stop that in a decentralised way.
- Laws - like the one from Germany that you must delete "illegal content" including hate speech and stuff within 24 hours. On a blockchain you simply can't delete it, because everything is immutable. Well, you can edit it the first 7 days but that's it. That could face fines up to 50 Million €.
- Business - You have to register a Business if you use Steemit because you generate income. At least in Germany, I don't know how this works in other countries.
- Whales - already covered by @sayee here in the comments
I really like steemit, but these are challenges they face which can lead to big problems, especially those with the government. Therefore, I like hangig around here reading nice articles like this one but I don't invest in it. It's too risky imho.
And a last point: New members like me having a really hard time to earn money with it without investing. And I really don't want to invest. And I think 95+% of new members won't invest, especially those who come from facebook or similar platforms. They don't understand blockchain. They don't put $5000 into SP that that upvotes are worth more. They come because they see: "Hey some people getting $100+ for a single post. I want that too!". As soon as they realise that's not possible they stop using it - not all but many.
I just wanted to share some negative aspects to think about. @atmosblack keep up the great articles. I enjoy reading every single one of them.
Thanks for your wonderful comment and the valid points you are bringing up!
Regarding your last point I totally agree. It´s simply a fact, that 90% of social media users are passive and don´t want or are not able to produce content at all. You have this situation with every Facebook page, where 5% are contributing regularly and another 5% from time to time and the rest being just passive consumers that may hit "like" sometimes but mostly be quite.
That´s why I think, we shouldn´t market STEEM as an income opportunity to the masses. I wrote an article about this here
We will need the 90%, but we shouldn´t make them believe, that the main reason for being here is to earn money - it´s simply not true.
One more thing: It's hard to find good content. A lot of people (probably most of them are bots) are copy & paste articles from the internet and try to earn money. You read a new article on cointelegraph and within minutes there are like 10 new posts on steemit. This should be censored as duplicate way harder.
Thanks for your comment! I´m busy at the moment, but I will reply to you tomorrow!