Bitconnect shows that we're still early in this blockchain journey. Ponzi schemes have existed before and are there to rip people off. Bitconnect just shows it's also possible on this new technology too. But that doesn't define the technology.
Same with the huge number of Alt coins which will drop to zero - even though they have a great vision. The vision isn't at fauly, it's the execution. It's the execution of the idea, or lack of it, which will see them fail, not the underlying technology they're biult on. New coins will appear to fulfill the potential of the vision.
Every micro-failure helps drive the macro-technology forward.
When you consider the Internet (in terms of mass adoption) is only 20 years old, and with blockchain, we're now moving into what could prove to be Internet 2.0, these are very exciting times, and the next 10 to 20 years will create massive opportunities, and will touch all our lives.
But the most exciting part...
For the first time, we, the end user, will be in a position of power; the masters of our own destinies. As we are able to reap the rewards of the value we provide, through STEEM, and platforms like it (maybe even ALL through STEEM) we will be fulfilling the original vision of the Internet.
It's a compelling arguement, which will help convert the masses. Instead of producing content for somebody else to profit from (like Google, Facebook, etc.), the creator profits - with no middle-man taking their cut.
This is huge. It disrupts ALL media, from the printing press, through radio and TV, the music industry, the film industry. Everything we consume has been controlled by "a system", designed to profit from whatever is created. Designed to take away the power from the creator.
Until recently, creators were never in a position of power. That is changing, and that is why STEEM is incredibly well placed to become the, or at least, a bedrock on which this new economy is built.
Exactly.
In the beggining there was web 1.0 and users weren't creating anything.
With web 2.0 users started creating, but corporations would monetize it.
Enter web 3.0 and users both create and monetize.