This is my assumption as well. Probably the Steemit.Inc team is waiting for the right moment (e.g. sort sign-up speed and scaling first) and get out of Beta. Once we reach that point I do expect massive marketing and promotion to start.
I don't see marketing , and advertising . For the near future I see if as " we the user get excited and tell others about it " Just the same way Uber grew . Word of mouth is the best advertisement. Be careful what you wish for . Do you have enough steem right now that you would be happy if it took off?
Steem though I’m a huge fan and supporter is not comparable to bitcoin in this way. We have to consider the 21 million limit and no limit in steem. Again I’m a huge supporter of Steemit I’m just saying that’s not a logical comparison
But you also have to consider we are only 15x bitcoin,
and in a decade we are only 20x bitcoin and in the future HF may even slow down the necessary inflation (which our SP protects us from) when users >1Mil, or when user> 10 Mil, and user >100 Mil, etc.
But btc has a greater problem, it's current 10% taxation of transfer makes it way more costly than Steem. This is a serious problem tht will slow down BTC growth from $20,000 to $200,000. I don't see why it won't slow it down.
A friend yesterday tried to transfer $150 and against my advise to buy ltc for faster trasaction via @blocktrades to Steem wallet. He bought BTC by default and found out the cost of transfer from the exchange to Bittrex, Poloniex, or Blocktrades will cost him just over $30 and he got turned off, and din't want to move trade it calling btc a scam in fees.
I told him to either buy more btc say $300-$400 or wait till weekend or when btc price is steady not up and down and fees are cheaper.
Fees is going to be a bigger factor for btc ongoing than just Steem being 15x more in coin when our usage will likely surpass BTC usage in less than 1-2 years time.
To get to Fb price alone, never mind twitter (zappl), or utopia, or all the dozens and dozens other apps being build on Steem now, steem needs to be about $2,500 to match market cap or > 100,000% higher than today's price of $2.32.
Will the old, Not blockchain-based institutions like youtube, fb, google and so on and so forth really allow the steemian marketing People to promote their project? I am not sure..this would mean paying for loosing people on their plattforms:-)) Maybe in the Short run, but not on the Long run..
Yes they will, but when and how will fast can they adapt?
If fb launches it's own blockchain and start paying it's users for just using, it means 2 drastic things:
It validates Steem and all it possible future fb blockchain competition.
It is a Big cut into it's earning. Imagine the shares dropping from half a Trillion by 50%. and Imagine just 10% of that money going into Steem....big implications. Money always flows to stronger underdog competitor in a fight.
I look forward to the day they see the tsunami coming and do fight with Steem.
Yes, there's the ticket. If FB does not eventually see steemit as a threat, it will AT LEAST see it as an example of what they could be doing. Let's just hope they don't catch on TOO soon...because then steemit will potentially lose opportunity value.
Yes, they don't think anyone can threaten them, it's call the tsunami effect, the psychological state will not allow these big companies to take action until it's too late.
I've heard rumors of reddit, Facebook, and maybe others hiding posts about Steemit. They have an extreme level of control over what is and isn't seen, and this is a threat, even if just a small one for now.
That is why DLT aka blockchain technology is the great invention to level that playing field.
They thought Xerox will always rule office copier tech, Blockbuster will always rule home videos, or GM and Ford will always be top car maker, nothing is dominates forever, not even fb.
Additionally if FB disappears tomorrow, the world will not be any worst, as compared to say Xerox, Blockbuster, GM and Ford who actually produces value in utility, entertainment, transport and if not then at least local jobs in the US.
I think I have only checked my FB once in last 3-4 months, and none since I found Steem.
So true, and not just for social media. Ecommerce, cloud storage/computing, "sharing economy" services, and others will face disruption.
While Steemit might not quite be ready for the mainstream, I know that many folks are ready to ditch Facebook. It's just a matter of getting it to a place where it looks as good or better, is just as easy to use, and pays out crypto.
You make a great point. Most of the comments on that video say something like "this looks so awesome, when can I sign up?" And there you are, letting them know that Steemit is ready to go right now :)
I agree to an extent but not fully. The Blockchain Technology is widely known now more than ever before Because the pioneering coins had gone before the rest the pave the way and you still want crawl whilst the road is free.
'Seize the Day' and make most of what is before you.
If Steemit is waiting for the trumpet to sound before they start some kinda marketing then I'm sorry bcos the paramount thing then wouldn't be Steemit but something that meets the need of that time.
Let's assume Facebook and Youtube starts this same model of curating contents for a token, what do you think would happen to steemit?
I do agree with you it is human nature to over extend short term forecast, but it is also human nature to under-extend long term forecast. It's much-much harder to see Steem at $1000 and even the absured $10,000 say in a decade. The ironic thing is that the greater error is often made in the latter not the former, and often by more than a factor of 3. People could not see 100MWatt of electricity use after 50 years of expansion, in fact they plan for max use of only 10MW. We are beyond 100,000 TeraWatts now.
$50 to $100 Steem (or more as it often overshoots in a bull run) is achievable in the mid term. I hope you hold on to yours, it would be worth 6 figures based on what you got today.
This is my assumption as well. Probably the Steemit.Inc team is waiting for the right moment (e.g. sort sign-up speed and scaling first) and get out of Beta. Once we reach that point I do expect massive marketing and promotion to start.
I don't see marketing , and advertising . For the near future I see if as " we the user get excited and tell others about it " Just the same way Uber grew . Word of mouth is the best advertisement. Be careful what you wish for . Do you have enough steem right now that you would be happy if it took off?
Do you have enough steem right now that you would be happy if it took off? Haha ! Nope we dont!
absolutely not! hehe ;p
Steem though I’m a huge fan and supporter is not comparable to bitcoin in this way. We have to consider the 21 million limit and no limit in steem. Again I’m a huge supporter of Steemit I’m just saying that’s not a logical comparison
But you also have to consider we are only 15x bitcoin,
and in a decade we are only 20x bitcoin and in the future HF may even slow down the necessary inflation (which our SP protects us from) when users >1Mil, or when user> 10 Mil, and user >100 Mil, etc.
But btc has a greater problem, it's current 10% taxation of transfer makes it way more costly than Steem. This is a serious problem tht will slow down BTC growth from $20,000 to $200,000. I don't see why it won't slow it down.
A friend yesterday tried to transfer $150 and against my advise to buy ltc for faster trasaction via @blocktrades to Steem wallet. He bought BTC by default and found out the cost of transfer from the exchange to Bittrex, Poloniex, or Blocktrades will cost him just over $30 and he got turned off, and din't want to move trade it calling btc a scam in fees.
I told him to either buy more btc say $300-$400 or wait till weekend or when btc price is steady not up and down and fees are cheaper.
Fees is going to be a bigger factor for btc ongoing than just Steem being 15x more in coin when our usage will likely surpass BTC usage in less than 1-2 years time.
That would be my best guess too. I suspect they will push the SMT marketing much more than Steemit. Still all good for the blockchain.
Fingers crossed they smash it out of the park come 2018!
Isn't the Steem price already as high as Facebook shares?
lol...not even close.
To get to Fb price alone, never mind twitter (zappl), or utopia, or all the dozens and dozens other apps being build on Steem now, steem needs to be about $2,500 to match market cap or > 100,000% higher than today's price of $2.32.
We just keep doing the good work of building the community and helping to guide the evolution.
agreed....but it won't hurt to get a few K of Steem and Power it up too.
You're grandchildren will thank you :)
Will the old, Not blockchain-based institutions like youtube, fb, google and so on and so forth really allow the steemian marketing People to promote their project? I am not sure..this would mean paying for loosing people on their plattforms:-)) Maybe in the Short run, but not on the Long run..
They will fight
Yes they will, but when and how will fast can they adapt?
If fb launches it's own blockchain and start paying it's users for just using, it means 2 drastic things:
I look forward to the day they see the tsunami coming and do fight with Steem.
Yes, there's the ticket. If FB does not eventually see steemit as a threat, it will AT LEAST see it as an example of what they could be doing. Let's just hope they don't catch on TOO soon...because then steemit will potentially lose opportunity value.
Yes, they don't think anyone can threaten them, it's call the tsunami effect, the psychological state will not allow these big companies to take action until it's too late.
I've heard rumors of reddit, Facebook, and maybe others hiding posts about Steemit. They have an extreme level of control over what is and isn't seen, and this is a threat, even if just a small one for now.
Agreed!
They want total control
That is why DLT aka blockchain technology is the great invention to level that playing field.
They thought Xerox will always rule office copier tech, Blockbuster will always rule home videos, or GM and Ford will always be top car maker, nothing is dominates forever, not even fb.
Additionally if FB disappears tomorrow, the world will not be any worst, as compared to say Xerox, Blockbuster, GM and Ford who actually produces value in utility, entertainment, transport and if not then at least local jobs in the US.
I think I have only checked my FB once in last 3-4 months, and none since I found Steem.
So true, and not just for social media. Ecommerce, cloud storage/computing, "sharing economy" services, and others will face disruption.
While Steemit might not quite be ready for the mainstream, I know that many folks are ready to ditch Facebook. It's just a matter of getting it to a place where it looks as good or better, is just as easy to use, and pays out crypto.
Lol...agreed @scottyeager, I do hope we are a thread. Look what 1 little minnow like me can do to a youtube posting on a multi-million dollar ICO.
Don't watch here....click watch on youtube and expend to see my comments to the Real Viewers and Shills alike:
You make a great point. Most of the comments on that video say something like "this looks so awesome, when can I sign up?" And there you are, letting them know that Steemit is ready to go right now :)
I agree to an extent but not fully. The Blockchain Technology is widely known now more than ever before Because the pioneering coins had gone before the rest the pave the way and you still want crawl whilst the road is free.
'Seize the Day' and make most of what is before you.
If Steemit is waiting for the trumpet to sound before they start some kinda marketing then I'm sorry bcos the paramount thing then wouldn't be Steemit but something that meets the need of that time.
Let's assume Facebook and Youtube starts this same model of curating contents for a token, what do you think would happen to steemit?
Exactly!
I love Steemit but these predictions are way over blown
I do agree with you it is human nature to over extend short term forecast, but it is also human nature to under-extend long term forecast. It's much-much harder to see Steem at $1000 and even the absured $10,000 say in a decade. The ironic thing is that the greater error is often made in the latter not the former, and often by more than a factor of 3. People could not see 100MWatt of electricity use after 50 years of expansion, in fact they plan for max use of only 10MW. We are beyond 100,000 TeraWatts now.
$50 to $100 Steem (or more as it often overshoots in a bull run) is achievable in the mid term. I hope you hold on to yours, it would be worth 6 figures based on what you got today.
they already do, it's called advertising, but here are some of their rules:
That's like saying you only get paid after you reach Rep 65 here on Steemit, and for every $1 OP and Curators earn, they get taxed 70%.
You're new here right @rowlandokoli?
Welcome and go read my 1st reply to @battebilly below. Learn and make a bigger impact, at the very least a bigger impact on your wallet.