Don't you think another social media crypto could come along, do the same thing as Steemit but possibly better, and steal it's thunder? Just like how MSN won over ICQ, and Facebook over Myspace?
I feel like Steemit needs a lot of improvements in order to secure it's place as the winner in the social media cryptorace (Steemit was the first but will not be the last)
It's a good point, but it'd start out 300,000 users behind the front-runner. It would have to be pretty incredible.
Dunno if it needs to be incredible, perhaps 'more profitable' is all that it needs to be. After all, people come to Steemit for the rewards initially. If the rewards are better elsewhere, then who knows. At this point we're willing to put up with Steemit even though as a social media platform it's nowhere near as good as non-paying ones. Steemit's success hinges on the rewards it gives out.
Let me know when it exists, and we will see. I'm not completely sure that I want to open that @pandorasbox... if you know what I mean.
I've had the same thought. All that has to happen is for Zuckerberg to make a blockchain and transfer over Facebook users. He could even copy all design aspects of steemit, so it's the same with more users.
As a skeptic, what do you think about DPOS consensus?