Thank you for your review of the current social media landscape bullishmoney.
I have a few questions I would love you to explain further if you can find the time for it:
Even though Steemit does pay people for their contributions I cannot see the direct comparison of the Snap and Steemit. Is Steemit geared towards short real time status updates? Would those two social platforms ever compete for the same user base?
I have tried Snapchat before and what I experienced was that it provided a feeling of NOW which I have never seen in any other social media platforms before (at least to that extend).
Secondly, do you think Steemit will ever compete with Facebook? Same story again here. Facebook is good at status updates while Steemit does not credit those very much, here people tend to upvote deeper and more well researched (longer) content.
Also, Facebook has the event functionality. That functionality is what keeps me sticking to Facebook because I can coordinate events with my frieds. Steemit does not have that.
Thank you and take care
ronni
I will broadly answer for right now because I'm running short on time, but you can ping me later if you need/want clarification. Generally speaking, Steemit is unlike any other social media platform so I wouldn't necessarily look towards similarity of platform. I think the Steemit difference is what drives its competitive value against Facebook and Snap.
Although it's true that FB/Snap have distinct attributes, Steemit makes you money. For a vast majority of potential users, that's all they need to hear!