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RE: The Free Marketplace Of Ideas: Why I Believe That Steemit Will Ultimately Fail

in #steemit8 years ago

I think this happens because the market is inefficient, especially in the short term. Momentum gives a lot of advantage for a number of reasons, and a lot of businesses fail because they rest on their laurels once they achieve a bit of success and think they can stop innovating. In the end though, you can count on things changing eventually, and if you don't adapt, someone else will come around and eat your lunch.