RE: Can steem(it) survive its problems
One main advantage of Steemit that outweighs all others. "It is a social blogging platform that pays out money." Nuff said. That right there makes it unique to any other social media platform in existence.
One or two areas you mentioned may need some tweaking for the purpose of refinement. But that one fundamental concept alone I outlined above will lift this thing into the stratosphere one day.
Facebook, Instagram, reddit, none of them have ever given out even one cent. Instead they push advertising onto us for their own financial gain. Blockchain technology is the game-changer here. So really speaking, even if someone's post makes a single cent, you're still better off.
Let the pieces of the jigsaw fall into place as they are doing now. A little patience is all that's required. Steemit is only just beginning.
That's the 'everybody is happy version' and is not completely doing reality justice. It pays out tokens. The moment nobody sees value in it our tokens are worthless. There is no such thing as free money. The system thrives on its uniqueness and the fact that we are forgiving its flaws. And so are investors. Why do our tokens have value? Because there are people willing to pay for them. Why are they willing to pay? Investment, speculation on the value, to power up, ... What will happen if the platform when people get frustrated with shortcomings? The word will spread, something else might take over, investors start doubting, ... I also wonder how steemit inc makes money. Certainly not from blogging. Someone has to pay for their servers and maintenance staff.
It's only the beginning, I agree. I especially noted that I'm pointing only at flaws and not focusing on the many good points. But we should not be blind either. It can still go either way, stratosphere or bottom.
We are blogging which equates to work in the social media context. We are all contributing to anything earned. That's the difference between a "pre-blockchain" and "post-blockchain" era.
The same concept applies to Bitcoin (as well as a host of other major cryptos) and we all know how well that's turned out so far.
With people flocking to Steemit in their droves and the system working as intended (which is more than I can say for the majority of other cryptos right now in their present state), it does what it says "right out of the box". Given what I see at present, there aren't even any warning signs of it failing. Just some impressive growth and development. When Steemit went down, people used busy.org. Simple, easy fix. Things should only get better from hereon in (unless the actual blockchain dies, which I doubt will happen).
Don't get me wrong. I like your article and the discussion it creates. I love to see other perspectives to this subject, but how I see it, we had Steemit. Then esteem, then dtube, then dsound, now SMT's. As well as a slew of other projects that have been gone and are on their way. The future for Steemit is exceptionally bright and at this conjucture, it is clearly succeeding.
The chances of it failing right now, are minute, at best.
Well put. I agree almost completely with what you say. Again, I didn't meant to say it's going to end. Maybe it all sounded a bit doomsday like which was not the intention. I merely want to point at the issues I think I see. I certainly didn't mean to say that the idea is going to end. But... if something is born tomorrow that does away some of the mentioned issues it might draw people away. It's still fresh and beta so obviously we will see lots of evolving.
Thanks for the positive note on a negative article ;-)
Lol, all good, bro. We're all is this together. Let's just hope things go the way we hope they do. :)