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RE: Help Me Resolve My Cognitive Dissonance: Dogecoin VS Steem

in #steem8 years ago

I have a huge Dogecoin background, my current OpenBazaar store started originally as a shop that was selling comics for Dogecoin / Bitcoin / and Litecoin. I think without having seen the magic of Dogecoin and been present during it's earlier days it may be easy to think that being on par with Dogecoin is something negative. You should take it with great pride that most coins never reach the level Dogecoin has done. I am just seeing your post from a different perspective is all.

300 people turning up to a Dogecoin event is super small to the amount of radical and real world weird changes the coin made, being a part of Nascar, giving water to communities who did not have a good viable source for it, the Jamaican Bobsled team. Steemit has a long way to go, but is such a great system, if people would stop focusing so much on the value itself and instead focus on more and more use and users, things will only grow.

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You should take it with great pride that most coins never reach the level Dogecoin has done.

Well, we never even approached the peak of Dogecoin. We beat it in terms of peak market cap, but only with over 90% of Steem locked away unavailable to sell. In terms of the amount of people involved or the public mindshare, it is clear that Steem has never approached Doge's glory days.

Incidentally, I may not have been involved but I was present, I followed it on Reddit just as huge numbers of Reddit users did.

My post is not a slight against Dogecoin. The fact that Dogecoin was so huge and did so much, only amplifies the point that the enthusiasm of a community and the powerful network effect which comes along with that, is not necessarily enough for long term success.