Why Traditional Social Media Like Facebook Cannot Compete With STEEM
Mark Zuckberg's interest in implementing a token into the Facebook system is still sending ripples throughout this blockchain. As I travel around I see not only articles but comments mentioning the effects this will have. Some believe it will put Zuckerberg in the driver's seat as most powerful man in the world. At the same time, others see it as a non-move, an attempt to rescue a passe system.
One thing I find interesting is that the mindset of an individual enters into which side of the debate they are on. Just as an observation, I noticed that those who are into conspiracies tend to think Zuckerberg has the ability to wipe out everything that stands in his way. Now I do not say this in a degrading fashion. Those views are not foreign to me. I researched the Bilderberg group, Sumerian tablets, and the reptilians. I know how powerful (and dangerous) the elite are. They established a strong system of control.
Those who tend to look at things from the technological perspective appear to believe that Facebook implementing a token will not have a windfall effect. It might make Facebook users happy for a while yet it will not thrust Zuckerberg into the forefront as World Czar.
There is simply a fundamental characteristic that makes the later point more sensible.
It can be summed up in this....
Mark Zuckerberg says that Facebook has “a lot of work to do” when it comes to harassment, election interference, and making sure that it’s a meaningful platform to be on. So he’s making it his “personal challenge” for 2018 to “focus on fixing these important issues,”...
There is no doubt that Zuckerberg is a smart guy. He also did a great job steering Facebook since it became public. However, the detriment to him making it his "personal challenge" is that he is just one person. Sure, you could say that decision means he enlists the help of the thousands of developers at Facebook. I will agree with that. Yet that is not enough.
The other day I wrote an article about why Facebook crushing STEEM would be great for humanity and why it would not happen. My main premise there was that Facebook cannot give up control hence are not really creating a blockchain.
STEEM is a decentralized blockchain. The disadvantage that Facebook has is that it is a centralized organization. Even though it employs thousands of the finest developers, they are still hired hands. All research is going to take place within the parameters that are set up by Facebook. And, ultimately, even if those people love what they are doing, they are there for the paycheck.
STEEM's decentralization gives it an advantage that makes it unstoppable by a centralized organization.
That advantage is INNOVATION.
Developers on STEEM are not hired hands. They are not banging away at code until all hours of the night because of a paycheck. They do it because they are passionate. The motives for many will differ yet the desire is the same. Whatever they are working upon, they want it to be a huge success. When that happens, unlike at Facebook, there is personal gain.
Over the last 20 years, as the Internet because a centralized mechanism with only a few companies controlling it, we witnessed innovation fall behind the historical norm. Overall, the DIY world took a hit.
One area it did excel was in the field of mobile applications. Both Google and Apple have platforms that are filled with tens of thousands of apps that were created by individuals. This shows what is possible when people have a venue to express themselves. Of course, the problem is these both are still controlled systems. To start, you are only on their after they approve it AND the compensation program is not equitable.
STEEM eliminates both of these problems. Anyone can create an application and put it on the STEEM blockchain. Nobody needs to approve it. At the same time, the compensation is based upon how many people use it. If it is a popular app, the developer can profit in whatever way he or she decides.
At present, there might be a couple hundred developers on the STEEM blockchain. This is a drop in the bucket compared to the tens of thousands that Facebook employs. Nevertheless, look at the progress of this blockchain in only a couple years. In addition, as word about STEEM gets out, we will not only see more users but also developers. Imagine that number in the thousands instead of the hundreds.
That will be the downfall of the centralized industries. Since Zuckerberg is not going to decentralize and open up his network for anyone to put stuff on (unapproved), he is going to lag in the innovation arena. As I write these words someone is looking at this blockchain and saying "it needs this". Unlike Facebook, that person only needs to sit down at his/her keyboard and start creating.
The technological power of decentralization is just too strong, even for a giant like Zuckerberg.
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I was just flipping through a "gloom-&-doom" article (on Steemit no less!) about how fakebook is winning because Zucks is setting up community leaders to do his bidding for him. This article's author just didn't 'get it' — as well as trying to stir up unnecessary fear among Steem users. We just don't need that negativity here.
Unbelievable.
Appreciate the voice of reason!
You are so right @overkillcoin.
There are so many who post things like it is 2013...blockchain introduced a totally new era. STEEM is now at the center of the social media world, just most do not know it. We have an array of applications that are pretty good right now...imagine what is available a year from now.
Facebook will probably have to do something eventually. It will probably be too late though when it does. This platform also has dtube which together should be able to take down both Facebook and Google. If I was Zuckerberg I would ...... lol
I can not wait for the day articles like this will be posted through facebook if it ever comes. Not trying to take anything away from what Mark did with facebook, but when the mass controls a platform it is fair to say no one man should have total control. I rooting for decentralized platform since the day I discovered it. Thanks.
Interesting read. What you wrote here is something I am still getting puzzled with. I am very curious where this platform will be in a couple of years and how de-centralized social media will grow in general.
I used to have this doubt that people will join Steemit mainly to earn money instead of simply being inspired to create. Which would mean that main motivation of people here would be greed. But more I thought about it, I realized that Youtube is almost same nowadays (some creators just do it for money, some to create).
Difference comes of course in a way creator get payed here comapred to Youtube.
Also I have seen some exploatation of Steemit that might seem quite unfair to many users which also puts some doubt, but again, there are exploatations on other media platforms same way.
So WTF do I wanna say - just that your article made me even more curious to see how this blockchain/de-centralized thing will evolve <3
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I don't think you can get away from the fact that most people will be inspired to join Steemit, or other Steem apps because of the pptential for payouts. If they were just inspired to create, there are plenty of other places they can do that. But money, where it's available, will always be the overriding factor.
I see the Steem platform as a big experiment - it's the first of its kind, and is still evolving, so it really must be. What will be most interesting to see is where the community, who on the whole are left to self-manage and govern will take it. There's so much potential, but greed will always play a part when money is involved.
Here's keeping my fingers crossed, because I'd love to be an early adoptor of the social platform(s) which change the world.
100% my thoughts :)) Well, it's definitely good to get involved with this kind of movement fast, because even if there will be coming some competitors I think this community will be one of the 1st to know.
Also really curious what will Facebook/Youtube and other platforms response will be. What they will come up with O_O
Facebook = hired hands. Steemit = not hired hands. These two points, made a post within your post. Love your work man.
Helo @taskmaster4450...you so hit the nail on the head at this point. When I got to this point in your post I just smiles because this actually ends the case and clears all doubts.
The fact that steemit is decentralized and people just get to do what they love to do, developers get to developer software from thier hearts just because that's what they love to do, gives steemit so much edge over Facebook when it decides to add a toekn to its operation . The developers will just be there for the pay just like you said and as it is with a one man show, Mark would want everything to meet his personal taste and this would put a lot of limit to what the developers can achieve invariably pulling Facebook way below steemit.
This is really yet another great piece from you I must say...keep it up bro.
It is a great post, and I am optimistic about the future of Steem and Steemit, but I think you're underestimating Facebook. Facebook is not Mark Zuckerberg - there are a lot of talented people there, who've built a juggernaught - and one which won't be de-railed easily.
Yes, they'll have to adapt to the challenge of blockchains, decentralisation and tokens, but they don't have to do it the same way to compete, or stay ahead.
Even if they didn't do anything blockchain-related, they could introduce a totally centralised Facebook token to reward their audience in some way - and they'd happily lap it up and be delighted to get anything.
Well said @taskmaster4450 ,the last post you wrote I would see that quite obviously that Facebook cannot ovecome Steem just because it is centralized . As to developers - it always comes to motivation. If something is a job to you then most likely it will be done just to get the minimal results . If an individual is passionate about it they will go for the best results. Thanks to Utopian these passionate developers can also earn Steem while helping the blockchain evolve.
We never compete Facebook and steemit
Great thoughts Thanks for sharing keep it up
I agree with you. I think, every social sites should have a blockchain system. Because they is taking profit billion billion dollars from publisher. Because of that I salute steemit.
I do not think that Facebook is taking profit on the content created from publishers directly. The content produced over there is nearly worthless. FB is earning from the attention of the people, clicking on Adds because the content is meaningless.
Decentralization, neutrality and innovation should be the leading concepts in the blockchain evolution. And for every technology that will be invented in the future.
The future is so murky at this stage. On one hand I want to say that Blockchain IS the people and that it will give control back to users in deciding what goes. But on the other hand, if you look at a company like Amazon, they take successful smaller projects and make it their own and make it better. Excuse the word, but 'Cash' is still king. Money still will buy you the best developers, except if they refuse to assist these big companies in taking over yet another industry.
And the blockchain world has an unlimited amount of money since each blockchain can create its own money.
Plus you are still a hired hand at that point....exchanging time for money albeit lots of money.
True that. So the developers will also be separated into true-believers and hired hands. If they believe in the projects they're developing, they'll accept payment in that token/coin. But i they're just doing it for the money, they'll take jobs at high-fiat-paying companies like Amazon. So essentially we're all in the same boat. The developers' boats just make a bit more important splashes , I think
The developers, for the most part, get no payment. They create out of love and seeing a need. Their compensation is not direct. If they create a successful application that people flock to, they will get rewarded. And, if it becomes big enough, they can create their own token like the Appic group is doing.
I would not be surprised to see Zappl and D.Tube have their own tokens at some point...and many more on here.
And creating a token for a popular app, I imagine is very profitable...a lot more than working at Facebook.
That's a great answer. Thank you!