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For now i don’t expect this optimistic dynamic to change anytime soon. Those that already feature FB stock in their portfolio should enjoy many years of steady gains. At the same time, Facebook is a technology company too, and this sector is incredibly volatile. Even FB, as great as it is, cannot afford to be complacent.
A major, potential risk to the social media giant’s dominance is an open-source network called Steemit. What makes Steemit distinct from the litany of social media garbage is that it runs on its own blockchain-powered cryptocurrency called steem.
Yahoo Finance‘s Daniel Roberts explains it like this: “Steemit users publish a blog post — it could be any length, any topic at all — and other users can “upvote” it. The twist: Every upvote represents a small amount of steem power. Think of steem power as a representation of influence, because the more you have, the more power your upvote has to move someone else’s post up when you upvote it. Steem power can be converted to steem dollars, which at the moment trade for about $3.25 USD each.”
With Steemit, you get paid to do what you normally do on Facebook for free. If the platform did take off, FB stock would genuinely become troubled.
However, Mr. Roberts remains unconvinced. Despite the fact that the writer posted an introductory note on Steemit and made $120 in the steem cryptocurrency, he stated that Steemit becoming a Facebook killer was “a stretch.” What do you think? Please feel free to comment down below...
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://investorplace.com/2017/06/facebook-inc-fb-fear-social-media-kingslayer/
It's gotta be Steemit :) Facebook doesn't pay you for your content!
I found opinions I disagree with on here and I am triggered. This will never overtake Facebook.
Seriously though, at least for now one of the beauties of Steemit is that you're not limited to your own social bubble. Unfortunately, most people can't handle such a thing and will probably stick to Facebook.
I vote Steemit! I'm not much of a FB user anyway. I find that Steemit is also a more positive environment than FB due to the fact that you have incentive to provide added value to the community.
Most people like the simplicity of Facebook and don't understand the evil sh*t they are doing. I have a FAB account with 100% false information and the only reason I have that is to manage a business page. We need to just keep being evangelist for steemit and get the word out.
Ive been spending more time on steemit since I got on...I still use fb mostly for messaging friends
LOL, that vampire Mark pic is awesome!!! Let Steemit rise and get a piece of the action!!
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