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RE: Vlog 205: STEEM is the perfect long term investment.
Every other social networking platform that will start now, will be playing catch up to Steem because Steem is so far ahead and with the number of great developers working on different projects, it won't be long till Steem becomes the number one place for social networking.
People will start to ask themselves why they should spend time on the other platforms and not get any rewards. Will be super exciting to see how much growth Steemit will see in 2018. 5-10x growth in users doesn't feel too unlikely considering the amount of newcomers just the last 2 months.
Also feels like we will at least see 5 other platforms that will do the same as Steemit. Since the global population is so huge they may be just as successful as Steemit. Doesn't have to be so competitive since with decentralized systems the market is becoming open for so many others. Think it mostly will be win-win for everyone.
Mostly curious what the big guys like Facebook, Twitter and Google will come up with to compete. Would love to see a YouTube token! But we are probably still a few years away before the big platforms starts to pay attention. Steemit can get a big advantage because they are so early in this game. How it's driven by passionate people. The problem with the big companies is it takes longer time for them to make their moves. Small companies can exploit this by working faster and adopt new trends before the big fish.