Why Steemit won't have a stagnation problem like Bitcoin and other cryptocurrencies are experiencing... aka Steemit won't be slowing down anytime soon. #LongLiveSteemit
#Steemit is set on a course to world domination as has been pointed out before. But let me tell you why it's going to come alot faster than you think, and judging by the last few days, alot faster than I think too.
When Bitcoin first came out there was a very slow and steady rise in the amount of users, daily users, part time users and just general interest in Bitcoin over all. Bitcoin is more than 7 years old at this point and still has not reached anywhere close where some of us used to think it would, let alone has it risen as fast as anyone thought it would, it's actually been quite slow...
Now don't get me wrong, Bitcoin is growing, obviously. But is it growing at Steemit rates? Or does Steemit have something Bitcoin doesn't?
I believe the reason Steemit will reach a much higher amount of people, and much faster than Bitcoin did, is because it's not a crypto currency. I mean obviously it is a crypto currency, but you don't have to know how to use the crypto currency side of things to use or earn on Steemit. At it's core Steemit is a Incentivized Social Media Platform, or ISMP for short. Steemit just turned the entire social sphere upside down. Steemit just created the new billion dollar social project, and if anything we've seen for the past week is any indication of where we are going, its a very good place, very fast. Remember how fast Facebook become the King of Social? Then Twitter? Then Instagram? Then now Snapchat? I will be powering up and every single opportunity and I hope you guys are along for the ride as well. To the future!
Remember, you literally just type out good content, provide insight & curate other people stuff. What's there to lose?
Now lets look at another reason Steemit will blow up 100x faster than bitcoin ever could. (Hint Hint the user Experience of bitcoin compared to that of Steemit is not even fair, Steemit blows Bitcoin out of the water, I would even say Steemit is easier to use than Facebook honestly.. but yet here are the massive amounts of people using these outdated social media platforms:
Screen-shotted that chart from: http://www.statista.com/statistics/278414/number-of-worldwide-social-network-users/
Imagine Steemit hitting 1 billion users, now imagine the price then.. We are all going to be very very happy we switched platforms earlier than the rest. Just keep that in mind. #LongLiveSteemit
Oh and as I said before: https://steemit.com/steemit/@thedashguy/why-i-am-basically-doing-a-steemit-ama-on-my-personal-facebook-and-why-you-should-be-to
for more data about Steemit visit Steemle.com
try not to dream about steemit at night :)
I think steem and steemit benefit from bitcoin infrastructure and bitcoin will benefit from non-tech early adopters using steem.
For example, it was very easy to buy steem because 1) I had bitcoin available 2)previous experience with crypto made me comfortable enough to jump on 3)steemit and steem is intriguing on many different levels.
Someone on steemit with no bitcoin experience will become exposed to btc and maybe even keep some btc and not convert it all to fiat.
Mutually beneficial.
I agree that Bitcoin is helping Steemit more than Steemit is helping Bitcoin. In the future, if Steemit continues its rise what's holding back Coinbase and other crypto-fiat exchanges from adding Steemit? Maybe Steemit will create more awareness in Bitcoin and Crypto but I think Steemit in is very useful by itself.
Though I'm only new to this platform, thus far it is quite compelling and I can clearly see the positives. But not everyone is a blogger, uploader or social media commentator.
Yes, bitcoin has been around a while now, but to expect something so foreign to have already taken off in little over 5 years, and while it's still being in direct competition with the fiat currency system of the global power brokers, for me, is a big ask.
I see society embracing bitcoin, once the penny finally drops (kind of pun intended) but it will take time and the correct financial environment. Steemit is gathering momentum with a certain demographic because of its social media appeal everybody is already familiar with.
You know it is doing well when we already have socialists telling us how it is not fair and should have limits imposed. :)
I find it amusing that anyone tries to say these things. There has actually NEVER been anything like steemit before in history, so you can't compare it.
Those people obviously have not had someone with a lot of steem power upvote one of their posts yet. If they had then they would not even imagine that anything is being horded anywhere.
Yes, steem power makes you more money, but only if you use it. In the process of using it you spread more money to everyone else immediately, and if you wish to use this power you have to spread it, you can't do any other action than sit there and do nothing if you truly do not want to share the power.
The Whales become like ever radiating free energy generators like Nikola Tesla was trying to build!!! Get close enough and you charge up too!
How will the price of STEEM be affected by hoards of new users? I believe Steemit will indeed be a huge success. How best can I put my money behind that view? With STEEM or with STEEM POWER?
The network effect is why the price of STEEM will increase with more users. You can read more about it on Wikipedia or Investopedia.com.
Steem Power, because it rewards you for holding it!
So true I even think its much better then simply just storing your bitcoin or any other altcoin, as for Steem your earnings build up daily!😃
its just like stock shares .... you keep holding them you get paid dividends
Very interesting! I like it! Good Luck To You!
Very nice post. Please check out my contribution to the STEEM eco system if you have time. Thank you. https://steemit.com/proposals/@kingjohal/steemstarter-campaign-steem-android-wallet-nfc-tap-and-pay-integration
I would love to share this with more people but my circle of friends have no clue to cryto world.
I did a post asking if STEEM POWER will ever go down in value.. I know the price of STEEM goes up and down but will SP ever do that?