"CEO Scott Says Steemit 1st Social Media Platform Built on Top of a Blockchain"
Steemit CEO Ned Scott discusses how the blockchain-based social platform works. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Here is the whole interview and my thoughts. BTW great work @ned.
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Dude you posted this video faster than @ned haha!
Yeah, I was super fast.
nice one, saved me doing it :) - great to see STEEM on bloomberg! :)
He probably could have explained it better. But I think, since it's Bloomberg and it's focused on business and market news, he was using terms that they do already understand. If it was CNN or ABC News, he'd have to explain it like to a 5 year old. If the anchors got lost during his answers it's on them for not knowing the market terms he's talking about. His answer to "how are they paid in Steem" could have been much more simplified, but I think he gave his long answer because of his audience.
She is not wrong in that some of the content is low quality from people trying to make a quick buck, but that's easily countered. I hope he gets more interviews.
I like your explain it to a 5 year old version. There is an additional aspect that I have also come across in trying to answer for myself the question of "where does the money come from?" I wish it were talked about more.
In addition to the rewards pool and the value of crypto, which many people have a hard time understanding, I have concluded that Steem is an incredible platform for entrepreneurs of all sizes to build a business on. Many people have built significant value on top of YouTube and Facebook. Those platforms have incredible control over the destiny of any creator. Steem is much more viable as a place to grow a fantastic business, and that degree of control and "deplatforming" is very hard on the blockchain. Steem has solved some of the biggest usability problems with crypto, generally, such that a creator needs to know nothing about how it really works in order to derive tremendous value from the system. That simplicity is backed by a lightning fast transaction system with zero transaction fees. No blockchain is processing the daily transaction volume which Steem handles, in fact all of the others combined don't reach the scale of Steem, and it will scale much higher in the coming days as transaction demand increases. This is the business platform of the future and you would be stupid to not realize that.
That would probably resonate with the Bloomberg types, IMO. And Warren Buffet, for that matter.
Thanks for this @reseller. I don’ t think people understand how big of a deal this is. I see it as the very beginning of paradigm shirt that @ned was even invited on to bloomberg. I do agree that a simpler explanation might have gone better but having said that I think @ned also did an awesome job keeping his cool and getting the message out. I love he how was able to manage the reporters question and just talk directly to the audience. Super awesome video and this is a signficant moment for Steemit and the Steem Blochain. Thanks for sharing this!
Thanks @goldmatters for being a huge supporter of what I do, I appreciate it. You're right though, I think we are still all early adopters here and cannot wait for what the future brings here in steemit! Have a great week.
Of course :) you are a force man! If you want a Goldmoney shirt, send me your info and steemit chat or discord :)
LOL. He confused even me! He went too technical but I commend him for putting himself out there on live tv as that isn't easy. You're 5 year explanation was better. Thanks for sharing!
Thanks for the comment. Yeah im sure he will know what to expect next time.
You're a gun, Reseller! Thanks for this
BOOM >>>> Thanks my friend.
He did good but honestly the system has its flaws these are the same flaws that every other paid social network comes into contact with and that's devalued posts just to amass content and get more votes. Every other social media platform that has tried to reward content has fallen victim to spam and trash content that just destorys the system. Thats why if you see it we need more power to be able to downvote such things.
We need to get over downvoting someone just because we don't like their views and instead downvote the types of comments and content we don't want to be rewarded on our platform we have the power to shape this.
Everyone on Steemit have the power to shape the flaws.
If everyone did something toward making Steemit a better platform than it's now, we'll can change it together.
Also compare Iphone 4 to Iphone 10. It takes time and effort!
Boss man....
I love you @ned ....!
Freaking awesomeness
Now this is the kind of news I do wanna see. Thanks for sharing my man.
Why even talking about that dying platform called Facebook? They should create something similar to that, that will not sell peoples data.
Leaving all the crytpo talk out is essential because most people instantly stop listening once you bring up blockchain or any of these terms.
Simplest way to explain it is to ask the question which you eluded to, "is it fair for companies to use the data you create for their own personal gains," most would say no, then go on to explain how Steemit enables you to potentially gain rewards for your content creation. When I put it into these terms and someone starts asking me questions then I begin to discuss the more technical aspect of the platform.
Thanks for posting this man, awesome to see Steemit getting optics on as big of a platform as Bloomberg!
Ha ha .great
Good video
Yo yo, I just started watching your content. I really dig this style. I'm a fan! :)
Great to see Steemit on a bigger platform like Bloomberg! I agree that although it was nice how we explained it in the detail that he did, that it would be better if he explained it in more laymen terms. Thanks for putting this up man!
Great post @reseller following you now ! I did a post earlier also explaining your DTube video share with a great mention of you and @ned and also the SMTs first Appics App that will launch soon ! I never drop links but you might want to check it out if you get the time . So great to see @ned on Bloomberg and spreading the word ! https://steemit.com/steemit/@karenmckersie/great-monday-news-share-steemit-ceo-ned-scott-and-blockchain-technology-on-bloomberg-dtube-video-included
https://steemit.com/steemit/@karenmckersie/great-monday-news-share-steemit-ceo-ned-scott-and-blockchain-technology-on-bloomberg-dtube-video-included
I think it is a good thing he did not say about Facebook selling our data. It would have been like we are good and they are bad. It would have diverted the focus from an explanation of what steemit is to something totally different. This is just my idea. Hopefully someone replies to this comment because I would like to know if I am correct in saying this.
Highly rEsteemed!
Something to think about... You Said @ned TWEETED out this announcement...
He TWEETED It!
Let that sink in...
Yea... Keep promoting your product on Jack's Platform @ned, and NOT POSTING ON YOUR OWN... and you virtually GUARANTEE a lack of acceptance and low adoption.
Thanks @reseller for showing that interview :) @ned have done a great job and the true is that most of this television celebrities don't have a fucking idea what CryptoCurrency is and how it works ;D