So I just tried peepeth ... steem still wins
So I have just been trying out and checking out peepeth.
First off I think it is a very pretty website and overall great app.
The user experience is awesome, the site pretty and overall everything is slick.
I would not invest into the project however and there are the following reasons why:
The app is a simple clone of twitter. twitter is awesome and it is never wrong to copy success. However there needs to be reason for an app to exist and a copy is not a good reason.
the user experience is worse due to the blockchain. The website only runs with ETH, so safari does not work. Chrome is a possibility in conjunction with Metamask. Every time you want to do something you have to pay, to put it on the blockchain. That is insanely annoying and unless fees on Eth go down to 0.001 or less, who wants to pay for every tweet they make.
It costs to create an account and it cost to create a tweet.
This is a great example why Steem is still King to me. Steem has used the blockchain to create a truly new app and incentive structure. Maybe I do not know how peepeth really works or what the reason for people to join would be.
For me any blockchain or token project needs to have the following criteria to be interesting:
- Is it a new application or functionality that the world needs?
- does the token and blockchain create value that we otherwise could not?
- is there a good toke and economic structure?
For me peepeth would be a "No" in all of these question, while steem has a clear "Yes" in all thee.
I think we steemians need to work on the issues that the steem ecosystem has and be vigilant as competition is on the horizon.
With @steem-bounty we are doing our part to enhance the steem ecosystem so that it can go stronger and more valuable. Steem Bounty lets you add contest rewards to posts. We thus create a new incentive layer on steem that works independently for everyone regardless how much SP we have. We hope this will help all, but especially minnows to get rewards and value out of steem.
Tell me your opinion
What do you think about peepeth and social media on ethereum. And what do you think needs to be done to make steem grow more and become more valuable?
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I think one way to make steem better would be to create a marketplace on steem blockchain where people can buy and sell with Steem
....and thanks for telling about Peepeth; I would not try it :)
That would be a great development if a Steem-based marketplace on the blockchain is created where we can do shopping with Steem :P
Nice!
I think Steemit is the best. It has so many opportunities for everyone, for people from every walk of life. I have seen lot of awesome communities that are there to help people grow; I also saw lot of volunteers who give their SP just to help people grow; it is very unique. I just found about another site for fundraising projects built on Steemit blockchain, that s very inspiring. I am sharing the link so others may benefit. https://fundition.io
Thanks for bringing up this copycat of Twitter. I agree a blockchain must have some originality and real world use to have economic value. Steemit has the first mover advantage in the social media blockchain space and has its own unique incentive structure, it will likely be king and here to stay :)
This right here is what stopped me from even getting started:
If I want to tweet, which I don't, there is a free platform with a massive audience. Why would I pay for a smaller audience? Getting in early for building an audience has value, but IMO I'd much rather invest my time on steemit.
Edit: And I completely agree with your criteria for blockchain and token projects. Way to many are being created just because someone can, but they add no value.
"free" is still key to massive adoption. with the price of BTC (and in turn ETH) going upwards, paying for a service upfront is a big deterrent.
this is why STEEM still shines.
the only advantage of peepeth over steem is the aspect of approval and activation of accounts. other than that.. nada.
This post was very valuable to me because I hadn't heard of peepeth. I'm curious your take on @Appics
If you take the three questions above to me they are all a "no". I dont really get the point of appics. I hope I am wrong but it seems like an app with lots of marketing. Maybe they can make the app be worth though, but id be hesitant to invest and I did not.
I don't want to lol (too lazy right now) but I believe a valid argument could be made for a "yes" on all three questions.
F it, I'll try my hand quickly.
"Is it a new application or functionality that the world needs?"
Need is a strong word when we are talking about social media, but look at Facebook's market cap.
"does the token and blockchain create value that we otherwise could not?"
Appics would be a stand alone instagram like app rewarding users with their SMT for proof of brain. IMO Steepshot cannot be considered stand alone thus adding great value to the world.
"is there a good toke and economic structure?"
It's been a few months since I have read Appics white paper, but isn't the token and economic structure the same as Steem? So @btc-dialog you say @appics gets a "no" to this question yet you invest your time writing a comment on Steem?
Thanks for the review. That site sounds pretty bad. lol At least Facebook is free to post. I think there are one or two somewhat legit competitors to steemit. I can't remember what they are though.
You are right @knircky I have also checked it, It is pretty good & simple everything is placed perfectly but it's a copy of the twitter somewhat & yes the twitter is best than peepeth ether it's not works on the blockchain. So that the steemit is better than every other social media platform to monetize the content, share the content & so many uses.
& one more bad about the peepeth is to pay eth for tweet. Very bad experience with it. Steem always better than it in every important points such like fees, fast blockchain free to share content.
Steem was Winner, Now it's Winner & It will be winner too in future.
They're going backwards. This is one reason I don't see Ethereum succeeding long term, at least not in the social media space. Steem is basically the only blockchain with a foot in that door. And social media is REALLY important, because the first blockchain based social media that dominates that space will also dominate the conversation about which crypto is best.
Controlling the conversation is really important with emerging markets like crypto. With advertising restrictions on so many major social media sites it will make sites like steemit more valuable to those promoting their coins. Sadly that means lots of scam artists will be coming here to pitch their shit coins, but the good ones will also be trying to get the word out which benefits us if we are paying attention.
steem is excellent as one can see, it gives you money for your submissions, this platform is first of its kind, congratulations to developers who did a perfect job and made this platform easy for even a nomad and poor man too 😊
steem-bounty will be among top 50 in witness votes... Keep up the good work