RE: STEEM vs. BTC Analysis - Get Ready for the STEEM Tenthing (not Halving)!
Step 2 of world domination is up: create a market place to buy and sell.
This. If this can happen, Steem could become very, very interesting. Unfortunately, it's not an easy thing to do. Facebook has local marketplace functionality built into their mobile app, and I've yet to use it. I've yet to put money into Facebook at all. That said, if Steemit creates real value by converting blogging / curating into physical things people actually that other community members provide (art, 3D printed items, pre-pared food, medicines, etc). Well, I think that could get interesting. We could pay for something cheaper on Amazon (prime members getting free shipping also), but I think the key will be the uniqueness of the items offered here (such as art). Still will be interesting to see how it pans out. I for one would love to buy stuff via STEEM and SBD. :)
We came to Amsterdam using Bitcoin converted from SBD and Steem. Plane ticket, hotel and all expenses using our Wirex card. It could be that we never have a Steem based economy but as long as we can build many tools and apps on the Steem blockchain we will be moving forward. I believe we are heading in the right direction. It is cool seeing so many new faces coming to crypto who would have never showed up if it wasn't for Steemit.
Totally! My wife is among them and has her own bitcoin wallet and exchange account now. :)
So glad to hear stories of people doing real world stuff with STEEM. Unfortunately, I also have to recognize how much of that was paid for by huge early investors like @laonie. Until new value is created within the Steemit ecosystem directly by people selling their own work, etc, it may be hard to avoid the stigma of one person holding the bill for someone else. But I guess that's how it always goes when it comes to crypto market value.
You have yet to put money in to Facebook and they are woth over 300 Billion. Yet here we all are on Steemit... heheh I feel good about the future of this platform.
Advertisers love engagement and millions and millions of users. They also love controlled experiences. If Steemit adopts aspects of what has made Facebook successful, it will be less appealing to many. Time will tell what the balance is. Maybe there's room for ads/promoted content.
Hmm... what if someone could "opt in" to see promoted content in their main feed which would give them a distribution of STEEM over time for doing so? Might be interesting.