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RE: Why The STEEM Bubble Was an Investment Round and Not a Product Launch

in #steembubble7 years ago (edited)

I see what you've shared in this video as an astute observation, similar to how I see it.

Steemit is still in beta, with a lot of things to work out, most of which IS being worked on. It only makes sense to iron out the major issues before bringing it to the "main stage" and this can only be accomplished by having a relatively high number of "beta testers" - that's essentially what we are at the moment, beta testers of Steemit.

But we're also "early stage investors", as you alluded to in your video. It's a high risk investment because it's so early in development, with a platform that has a future which is still "up in the air", in terms of the direction of the tech/ social media aspects (a relatively blurry vision for where it's heading). It clearly also presents a HUGE reward. If this achieves anywhere near Facebook's current status in the future, there will be a lot of new millionaires made out of holding "shares" (Steem Power).

I feel pretty good about my position, to be frank with you :)

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