RE: Will Facebook kill Steem overnight?
I don't see facebook as a competitor to STEEM. They are totally different entities. We do see a lot of other competitors emerging in the space but we still have the advantage over them with a tested system, new developments and a strong core community.
If STEEM was staying as a simple social media site then I would be a lot more worried about it disappearing but with the direction we are heading it will be so much more. It will be an eco-system for social and gaming sites to build on complete with tradeable tokens. Just look at the new 3speak platform that is being brought out. I don't think we will ever have a billion users but it could be very successful in the tens of millions. There are plenty ways to operate around facebook as they are losing popularity by the day.
I'm looking at the fact that Steem doesn't know how to generate profit. It's been losing for a while now. So how can we have so much infinite confidence?
2018 was a horrible year for Steem. We all knew SMTs were critical and the launch of SMTs went about as bad as it could possibly go. So if you have so much confidence in Steem feel free to buy the token.
Another person who pointed out that this is about freedom, decentralized Vs centralized, completely different games. Guess what. Steem is not an entity, it's exactly like saying that Ubuntu did not generate any profit, even though 90% of the software is written on it. Same here, there is no place on the web that has as much content creation as steem or has distributed as much wealth as steem, but Steem does not know how to generate profit, because it all comes down to the current market and valuation in shitoshi.
Comparing an incorporated censorship ridden platform with a open source decentralized, community owned and driven, completely committed to freedom of expression platform. Classic, non FUD material.
I totally disagree with you here. Look at everything that has been built in 2018. Mira is getting released in a few weeks to make it cheaper to run the chain. Aggroed has released SMT's with his own group. We can now onboard as many users as we like. We have games, hivemind, tokens. There has been so many improvments made to the blockchain that it's unrecognisable from the start of 2018. The only thing that has been terrible is the price of STEEM which like every other token had a terrible year.
Since I am not selling that doesn't bother me at all for now. In fact I was buying and bought all the way down to 20c like a lot of other people who believe in the project. The only real failing that i cn agree wit you is the failings of steemit.inc to generate revenue and deliver on their promises. They have improved but still a long way to go.
And still the price of the token keeps going down. The data doesn't lie. The token price is failing and so is platform growth. Until I see the numbers change my views don't change.
No, the other tokens are doing much much better. Look at Coinmarketcap position.