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RE: Why Traditional Social Media Like Facebook Cannot Compete With STEEM

in #steem8 years ago

True that. So the developers will also be separated into true-believers and hired hands. If they believe in the projects they're developing, they'll accept payment in that token/coin. But i they're just doing it for the money, they'll take jobs at high-fiat-paying companies like Amazon. So essentially we're all in the same boat. The developers' boats just make a bit more important splashes , I think

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The developers, for the most part, get no payment. They create out of love and seeing a need. Their compensation is not direct. If they create a successful application that people flock to, they will get rewarded. And, if it becomes big enough, they can create their own token like the Appic group is doing.

I would not be surprised to see Zappl and D.Tube have their own tokens at some point...and many more on here.

And creating a token for a popular app, I imagine is very profitable...a lot more than working at Facebook.

That's a great answer. Thank you!