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RE: Will Facebook's BLOCKCHAIN LIBRA replace STEEM?

in #blockchain6 years ago

I think LIBRA will not be a threat for Steem as the way of working is different for both the systems. Facebook is a highly centralized platform while Steem is decentralized but, the top Steem holders have a great influence on this platform. Facebook has a great social reach while Steem has confined to a few people who can afford to buy Steem. So, Steem will not be affected because of Libra. It will die because of its own failures.

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Thank you for your comment dear @akdx. I appreciate it a lot.

So, Steem will not be affected because of Libra. It will die because of its own failures.

Unfortunately that's very probable, if Steemit team doesn't take any action.

You're welcome dear!