Do you think Steem has any serious competition at the moment? If yes, why? If not, why?
Competition would insinuate that Steem has been a successful platform. If anything, it has only begun, with all the speed bumps in the way. You cannot have competition when there are no working, mature, decentralized social media.
Not to be a downer, but what is Steem currently in the social media space? Nothing.
For your convenience, I have decided to list out some reasons why that is so. This question is not only premature, but reeks the proverbial "frog in the well" trope.
In short, there is no competition to Steem. The blockchain has not poised itself for competition due to severe delay in progress.
1. It cannot onboard enough new "actual" users to ramp up interests.
We likely have more dummy accounts for vote farming than actual users. That 1.1 million accounts figure is misleading.
2. Too complicated
The economics. The keys. The politics, etc. The level of complexity is more than enough to deter people from joining. Even your average "third world" circle jerk farms lose their keys now and then.
Things get political on the platform, and it may not be in relation to real world politics. It is its own microcosm of who is who and what is what.
That does not sound like a space for your average joes who wants to interact with their friends. I will even highlight the word friends. How many of you actually onboarded your friends to the network?
This is why dapps such as @musing or Steem Monsters try to appeal to common interests to get people to join. To what extent is their success? I do not have the stats.
3. Delayed development
Delayed features hurt the chance for mass adoption. People who are aware of the blockchain technology are already scratching their heads. Many do not understand what many projects are trying to achieve.
This leads to the notion that most projects are out there for the sake of raking in money and exit scam when ready. Steem has a host of fledging applications, but what of the blockchain overall? Where is that SMT going now?
4. Poor marketing
How could people know about the network when there is no meaningful marketing in place?
It is funny because Justin Sun has no product, but hyped the daylights out of Tron. Ned Scott has people building the community for him, but does not utter a word of it. In fact, he does not even use Steem for the most part until recent downturns.
So, let me ask you this: what competition? Steem has not even signed itself up to be judged by the world. It has not even left the metaphoric registration process.
little punk
something bothers you about my question to @ned ?
would reducing flagging abuse also reduce your income ? ;-)
I have got a few people to join steemit, but once they arrived, they were quickly turned off by the platform and didn't stick around.
The welcome we give to new users definitely needs to improve on many fronts.
Don't get me started on Ned. This guy who runs a social media blockchain company was avoiding social media like the plague. For the most part, he had a sign on his twitter saying he was taking a break from social media, or something along that line.
I hope stinc carry on selling their steem at these rock bottom prices so better stake holders can pick them up and benefit from future price rises.
Yup...I don't try to bring my friends because they look at me funny...
LoL
Yea, it's still a very "alternative" place. But that's why I like it. I can imagine it becoming very dull when all the normies jump in.
I think it'll be interesting to see if the same people still receive a lot of votes then.
Well, if the people already here have loaded up on steem power, the biggest votes may still go to the early steemians.
He who holds steem power, determines who gets rewards. I can't imagine steem being this cheap for too long.
6 months ago, I would never have thought I would be holding so much steem power today. And 6 months from now, I am hoping I will be glad that I have loaded up
I’m not talking about the rewards. More so voting pattern.
Like, I wonder if the same type of stuff that gets loads of votes on Facebook, et al. would carry over if more “normies” get in.
If I had to guess, I would say no. When your vote has no value, you tend to dish it out without much thought.
When it has real monetary value, you tend to be more concerned about where it goes and who will benefit from it.
But we shall see.
Hope you been keeping your powder dry, we need you to be a dolphin soon!
It will take about $850 for me to be a dolphin right now.
Should the price drop lower, it will be less. It is currently safer to see where the volatility goes.
If I catch it on the upswing, I won’t feel bad with some 0.25-0.30 purchase.
If it goes further down, say around 0.10, I just missed the chance to go over 10K SP.
In the case of It going around 0.02, it’s orca time.
Biggest problem is that Steem has yet to leave Beta. Who is going to take it seriously outside the platform?
Bearshares is laughable right now - with a narcissist at the helm. I'm there - and plan to hang out for a bit longer, but I plan to cash out when it seems reasonable.
WeKu has many technical issues that often involve the loss of data - seriously uncool. There are also too many control freaks at the top of that one.
Whaleshares - I really think that one is the competition to watch. They are not in Beta, despite starting later.
But yes, now that there's competition on the blockchains, Steem needs to get itself together before others take over.
If you are comparing Whaleshares to Steemit, then I would agree that the former is superior.
If you are talking about the blockchain overall, then Steem is still miles ahead.
What I am annoyed about is the fact that the community is willing to step up, but STINC will probably not get rid of their stake. They put themselves in a "no way to lose" scenario.
People work their tails off, they benefit from the value of other peoples' work and retain influence with their 50M+ SP. People stop caring, they still have sold millions of dollars worth.
Agreed. Whaleshares has a long way to go on the blockchain, but then, they've only been open a few months. But then, the saga with Steem may have discouraged people from developing a lot of things to go with Whaleshares.
I agree that more marketing needs to happen with Steem. More effort made to reward good bloggers. I struggle a lot more here after almost a year than I do with Whaleshares after only a few months.
I think people who are more into the blogging and writing side of things went over to Whaleshares.
Those who are into other content still stuck around.
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