RE: Help! What's the advantage of Blockchain-driven Steemit over e.g. Reddit?
Creating a blockchain isnt like implementing reward systems like WalGreens or Target do. It is a complete technology with a currency designed to compensate people running the chain. While it is getting easier to implement, there are a ton of coins out there that have no value.
Plus, Reddit has no incentive to offer"rewards" to people. They are a centralized system with the value contained in that model. That would start to devalue the existing entity. The common factor among disruptive technologies is that the ones affected do not realize it until it is too late. Steemit is nothing at the moment with only 300K visitors. Most of the posts on this site, from what I have seen, are people posting youtube videos and MEMES. So far, the real information is limited. I am hoping that will change. Reddit will only be aware of Steemit after a mass migration takes place.
And that is why you wont see a blockchains compensation system on Reddit. They will fade away like MySpace before that happens.
Ok, thank you. Correct me I've I wrong, but basically you say that the main advantage of Blockchain is
However, I'm not sure if this is something which is unique to Blockchain. You see, I won't to make a plea in favor of Blockchain and platforms like Steemit.