You are viewing a single comment's thread from:
RE: Steemit to Affect Facebook Share Value
Facebook measures its user base in the billions. I agree steemit is awesome but Facebook isn't going anywhere. If steemit looks like it's taking off, what's to stop Facebook launching its own crypto currency and rewarding users with it? I'd be surprised if they haven't looked into it!!
Facebook will never do that, it would be too difficult to implement with it's existing user base. Steemit was grown from the ground with this in place. Facebook won't be king forever, the crypto kings are coming.
The likes of Facebook and Google are where they are today because they innovate and adapt to change. Google especially. If someone else develops a better product, they simply buy the company and incorporate the tech. Obviously there is no company to buy in this case, but if Steemit or similar starts to look like its threatening Facebook etc, they will simply adopt the principles themselves. Most users of Facebook wont care about the concept of decentralisation. The idea of being paid to post will appeal to most and this is easily implemented over the top of the existing platform!
meep