How long will the mass adoption of Steemit take?
Hi Steemians,
As an early adopter of Steemit i am well aware of how addictive Steemit can be once you start using it. I remember the first few weeks i found myself glued to my computer screen posting and upvoting constantly.
As others have reported similar experiences it is quite clear that Steemit is indeed the gateway drug for cryptocurrency to the masses.
As new account registration is now back open i am wondering just how long it will take for Steemit to reach widespread adoption. Steemit's rapid growth has transformed the platform in just a few weeks. I remember seeing a frequency of about one new post every twenty minutes or so.
Today you can see new posts coming in every second! This is awesome and proves how much Steemit has grown over the past few weeks.
However, people who are using Steemit today are still some of the earliest users of the platform. The vast majority still hasn't heard about it. I for one am doing my part to spread awareness as much as i can either online or simply just by telling people about the platform. I have however experienced that getting people to use Steemit is not as easy as it sounds as most people are still asleep and are not fully aware of what this platform is capable of, even though they are getting all the right information.
I remember that Facebook reached mass adoption pretty fast. After 2008 Facebook's user base grew exponentially. I wonder if such an exponential explosion of new users would be possible with Steemit. If this would happen, it would have a domino effect on other cryptocurrencies such as Bitcoin which would have a positive impact on the overal awareness of cryptocurrency to the masses.
I am interested to hear what you guys have to say about this. What do you guys think about Steemit's growth and how do you think the platform will grow in the next coming months, years?
Let me know what you guys think in the comments!
Keep on Steemin!
Before any coins can have mass adoption. Bitcoin will have to be mainstream.
IMO, Bitcoin is quickly losing it's status as crypto reserve currency. It is clearly telegraphing that it will not be a factor in the crypto 2.0 future. Other tokens (one or a few) will take up that position.
I share your cynicism, but instead of just wilting, I think Bitcoin may instead metamorph into something else. With it's limited inflation rate and history of security, Bitcoin is well positioned to become a place where rich investors store their wealth. That's a far cry from the original vision of what Bitcoin was supposed to be, but it's still valuable in its own right.
for it to be a store of wealth I think more than the rich will need to use it. If they can't use bitcoin in an easy way what's the point. A rich person has options in the fiat world.
Why does bitcoin need to mainstream first. Plus it's a hassle for people to use. Venmo, snapcash or wechat work just fine. If steem works on a mobile app w all the same functions that would be great. Especially the wallet and internal market. Also a way to easily post pics and video this would rival reddit. Especially at a time when reddit has major problems.
the option to signup with facebook could take steem mainstream.
this is much more accessible and easier to explain than any coin.
well....Nope
It will take 89 days.
I think Steemit has something so unique, that the adoption rate will be incredible. What you wrote about your experience of Steemit being addictive, that's how I exactly felt. And that is how most YouTubers, Redditters and potentially Facebookers will feel. I think it's going to be fast and quick.
Great post mate :) I hope you get as many upvotes as possible :) #SteemOn
Something interesting is smelling... o, it is your post!)
Till the end of this year steemit will have at least 1Million users
Since steemit is social in it's nature it will grow exponentially. After watching the rise of Pokemon Go I have realized that everything I knew about the things getting viral on the internet was an illusion and that anything is possible.
Thanks for information.
Mass adoption is difficult, I'll admit I think steemit makes it hard for the median facebook user to create any quality content since, well they won't .
The consumption is another biz, it's easier. While this may help only time will tell how long it will take, i think that it would help greatly if we see all kind of content around.
It depends on a lot of things. Even now, cryptocurrencies are a niche product. It's too complex for the mainstream consumer.
Steemit is a game changer though. It's the first time a crypto app makes sense - you earn money for your posts. It's still going to take time though, although it could explode depending on how its marketed. It could go viral any day.
But I think it's going to grow fast and flatten out at a few million, reaching out to the tech savvy people. Then explode again when it goes to the mainstream. When? Could be a few years. Could be next year.