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RE: Steemit in 5 Years from Now

in #steemit6 years ago

If blockchain is really as revolutionary as people think it is (and I agree it definitely looks like it's going that way), then there's going to be one or more blockchain blogging platforms that are going to win the arms race. Steemit has a major advantage in being one of the first (if not the first?). I don't know from a technical and economic perspective how many users Steemit can accommodate at a time. There's a bottleneck when it comes to new account creation right now and Steemit is not going to win that race at its current size. But it certainly has the potential to if the platform continues to evolve and moves past beta.

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It is true that the new account creating takes a bit - unless you are already here and can delegate. Then it is very fast to create a new account.

There are already a lot of application which are working on this blockchain - that is a major advantage.

I just mean how long it takes to actually create an account on here and get it approved. It took me about 48 hours to get through the approval process in January but I've heard from friends that it takes about 2 weeks now, at which point most people just forget about it and move onto something else. We need faster approval times or some way to automate it if we're going to create any growth on here.

I know that is what you meant. But you could open an account in seconds through steem connect and hand it over to your friends. But then, they wouldn't get the initial delegation new accounts get. So, if you can delegate to give them some bandwidth, they can be on in less than a minute.

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