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RE: Steem - CORE PRODUCT VALUE and the A-HA moment
Another purpose of Steemit (and any other front end app for Steem) is to provide a real world application for Steem (the cryptocurrency), something many other cryptos lack, they are purely an instrument for speculation. So by upvoting, people are using the currency.
Also Steem banking is great.
Just today I sent 200 Steem to somebody in Cameroon. It took a few seconds, till I could see it in his wallet.
Compare that with international banking via banks, the days it takes and the fees it costs.
i agree. thats my biggest selling point on cryptos when i explain it to people.
Banking! Yes, I do think this is powerful. We need to keep the value of the stake high for it to double as a currency, but the transaction speeds (and cost!) are amazing.
I actually send remittances, and my next best option is Walmart2World, which costs 8 dollars to send between 200-1000 dollars. Way cheaper than banks, but STEEM blows it all out of the water.
I think our apps are coming along, and real use-cases are not as rare in crypto as they once were (though surprisingly still not 'the norm'). But understanding our Core Product Value as a blockchain does not limit each front end/app/community from promoting themselves - they must all serve their users and understand what they are adding.
Thank you so much for your additions and feedback!
Glad to see people using the ba***** word: I mean banking, of course.
I have written on this topic recently. I have also found it frustrating that Steem is not even mentioned in articles such as this and this.
But passive income through staking - a long-winded way to say "investing" without falling foul of the myriad investment laws - is only appealing to investors. As @ecoinstant has highlighted, this blockchain should also be appealing to creators and bloggers who may well start from zero.
We really do need some strapline that encompasses both functions - perhaps there are three functions, two of them merged.
So what do we have on Steem?
FREE & SECURE BLOGGING
FREE, FAST & SECURE MONEY TRANSFERS
ACTIVE INCOME THROUGH BLOGGING
PASSIVE INCOME THROUGH STAKING
Just brainstorming, perhaps too many, but then again, banks advertise different services to different kinds of customers. Corporate straplines are usually anodyne crap; these are not really straplines but key services.
What do you think?