RE: Twitter CEO Jack Dorsey on Steem?
I've noticed the crypto community has either willfully ignored Steem or has been downright hostile towards it. I don't quite understand their point of view, but from what I can gather, they seem to be stuck on the idea that since Bitcoin is so decentralized, and Steem is less decentralized in a way, therefore Steem is a shitcoin. I happen to disagree, and I think that time will prove us right here, but these feelings seem to be deeply felt in the old school crypto community.
The thing that sells me on Steem as an alt-coin compared to other cryptos, is that people actually use it for something other than speculation and storage of wealth. I've done all the stuff, made transactions, made posts, made upvotes, and even profited a small amount doing what I do on other social media for free while being annoyingly inundated with censorship algorithms and ads. All of it works and it's becoming increasingly seamless as the developers do their thing. The value proposition here is a no brainer, regardless of what your stance is on what constitutes a good cryptocurrency.
People need to get past the fact that it's different from Bitcoin, and realize that in certain circumstances, that's a great thing. We don't need 50 versions of the same crypto with slight variations. We can however use an alternative crypto like Steem because it actually has a use other than as a currency. Steem may be the most underrated technology in history, at least for now. I guess I can take some consolation in the fact that Bitcoin and most other tech we use today was in the same boat. It just takes time for people to come around I think.
Yes, very well said. I think one of the other challenges is that hype-based projects have a vested interest in not pointing to a blockchain with real apps and real usage right now. Unfortunately, almost every other project is purely hype-based.
Now question is how can we make Steem hype based then it will be steem = usefulness = hype, a balance.