RE: Will Facebook kill Steem overnight?
Facebook will absolutely not be rewarding all of its users like Steem does. That wouldn't make any business sense whatsoever. Facebook will definitely not throw its shareholders under the bus for the benefit of its TWO BILLION users to give them any of significant minority of them any kind of meaningful rewards.
This type of clickbaity FUD is getting tiresome. It's almost entirely comes from 2016'ers who are no longer getting the kind of totally unsustainable minor lottery winnings type of rewards as in the summer of 2016 before the epic but 100% predictable crash in STEEM price that year.
The difference between Steem and Facebook will always remain the fact that Steem is user-owned. If Facebook introduces payment functionality through a stablecoin, that will be a completely different animal compared to what holding Steem Power means.
How do you know? Youtube rewarded it's posters with ad revenue. What makes you think Facebook can't? I don't see why they wouldn't if it would give them a competitive advantage over platforms like Steem which are threatening to replace Facebook.
Then how come hasn't YouTube "killed" DTube already?
How many people are using DTube compared to Youtube?
Not many, but do you think that's because YouTube is so awesome at rewarding its regular users monetarily compared to DTube?
So you think that they will go all in so that they can try to take out steem, despite the fact that steem has gained it's users not just because of rewards but because Facebook censored them and steem in turn is censorship proof..
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Yes and YouTube also takes a huge cut of that as revenue their users create. Plus they manipulate the algorithms, manipulate the data that determines revenue payouts, and can and will not pay you your cut for a long list of reasons, with little to zero arbitration. Facebook or any other mainstream social media platform will have the chance to do the right thing and pay content creators and users, but history shows that is unlikely. I think they are likely to advertise such features, but will exercise control over the algorithms, data, and the control of if you are paid.
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