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RE: Decentralised Isn't All That!
There's a plus and minus to everything business. I'd like to say that Steemit definitely has the attention of big players like YouTube and Facebook. If you've noticed lately, YouTube has a lot of disgruntled 'whales' who are being demonetized with little warning.
They are placing their lures in the Steemit waters. However, I don't think they will ever fully pack up and leave YouTube; because, many have become quite wealthy on this platform.
The bottom line is, people who own and don't pay their 'employees' well, will meet the competition of sites such as Steemit. Something tells me, cryptocurrency is going to be a game-changer for social media that takes and gives zero back to its worker bees.
Peace!
I agree that many Youtubers will remain on there still. However, I also think that the majority of Youtubers who start using Steemit will begin making more money on Steemit so this will become their #1 site. Check out Jerry Banfield as an example; after just 2 months on Steemit, he is earning 20x more than his Youtube earnings even though he's been on Youtube for 2 years!
The pay on decentralised social media will always be SO MUCH MORE than centralised social media. The easiest way to think of it is this:
When you add a video of Youtube, it adds value to the website. You may receive 5% of this value via a payout from Youtube but they will retain 95% of the added value for themselves. With a decentralised equivalent, you will earn 100% of the payout.
When decentralised pays 20x more that centralised, for me, it's hard to see why more people won't want to join decentralised over centralised.
That's just my take on it though :)
Literally, OMGoodness and Wow! were the two reactions I had reading this reply.
Jerry Banfield is definitely the 'man of the hour' as many Steemians are big fans of his. But, more importantly, the fact(?) that he's earned times 20 in 2 months on Steemit than 2 years on YouTube is...smh...jaw-dropping!
The little I've learned about Banfield is that he invested largely in himself to fast-forward to whale status. He's apparently a very smart man with a good eye for smart moves; because, again smh...he has made a strong case for investing to say the least.
I will definitely do a little more research to learn his primary strategy.
He has a mega following on YouTube. To become this successful, this swiftly, on Steemit means all of his followers would have to have become Steemians and started following him. Of course, that's clearly not what happened; so, I find myself wondering if his investing in self is the reason his wallet has blown up. Somehow, not down-playing his skills, of course, I sense there's a little padding going on. I would love to be wrong!!!
Clearly, the YouTube vs Steemit percentages make uploading via D-Tube (for newbies) a no-brainer. However, it makes sense to stay with YouTube...a case of not putting all the eggs in one basket.
It is so encouraging to be a part of a decentralized platform; because monetization on YouTube is topic-sensitive.
Lastly, thank you for this enlightening information! If what you've detailed is accurate, (and I'm sure it is :+) your perception is spot on.
GBY...
Peace!