Steemit is still too complicated to use for the majority of people. Even explaining the mechanism, the 3 cryptocurrencies, the system of upvotes and downvotes, the system of pay out, it is so complicated for the normal people, that I believe Steemit will always be the platform for the nerds/artists/outsiders, while facebook will be for co-workers, families and so on.
I am worried about the fluctuations because steemit is heavily linked to bitcoin and because the fact that people keep using it, it doesn't automatically mean that it grows in value.
I am just playing the advocate's devil, don't get me wrong.
A cheer for finding the artist and to all of us waiting impatiently for this new contest!
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You have a good point about it still being kind of difficult, but to me.. You don't need to know all that stuff to use it. You can literally just sign up and start posting like you do on Facebook. When it comes time to cash out, that's another story but I think most people will be able to figure it out when there's a certain amount of money involved.
You make another good point about Facebook being a family thing. Some people just don't want to make money, they just wanna talk to family.. So.. You have a good point there. But maybe someday that will change as well. Where Facebook dwindles and even family go to sites that pay them.
In regards to bitcoin being linked to steemit, I used to think that and it is sort of.. All of the coins are sort of linked in a way, but bitcoin going down doesn't bother me. I wanna see it go down and other better coins to take the spot. I think this market is just emerging, and I don't personally wanna see bitcoin be the top coin especially cause I don't think it deserves it. Coins like steem and bitshares and a few others are much better.
And.. I'm sure even better technology will come out in the not too distant future, this is all just starting.
In regards to more using it not equaling more value, I'm not sure I agree. I think that's precisely why it's going to keep growing.. Because attention = money. The more people who use this site the more it will grow in value I think. There's power in numbers and when enough people decide they wanna do something.. It can be difficult to stop them. So the more popular the platform gets, the better it looks in my opinion, more people will wanna invest more and it will grow in value I think.
And.. Finally.. Glad to hear you're still excited about the contest! :) I think it will be fun!
Are you sure the more people use this site the more it will grow? There is no advertising in this website, so how can you quantify more#=more$$$? I'm not an economist, but it isn't always like this, otherwise there is no explanation in such high fluctuation of steem.
Of course we are early adopters, this is just the beginning and I am excited to see new technology coming up. Is there anybody that is working on what will come up after the Beta version of Steemit?
@sandrina.life brings up some excellent points here. The bar to entry is a bit high, but in addition to what she said previously, I think a lot of that has to do with the rather limited options for finding content you might be interested in, differentiating between popular posts vs high quality content, and understanding the mechanics of whales vs the rest of us.
Even the search function is exceedingly limited. On a site where we only have 7 days to vote for a post and compensate the author, it's imperative I can see the most recent options of what I'm looking for.
So while I love me some Steemit, it's tough to get people outside the realm of "crypto" and "hot new shit" to adopt anything more difficult than what they're already using even if it might pay them for their diligence.
You should download the steemit extension https://steemit.com/steemdev/@armandocat/steemit-more-info-1-4-chrome-extension-firefox-extension
With this extension there is one more research bar that allows you to search inside steemit and it is usually the most recent and upvoted post, according to the tag word that you insert
I'm hesitant to say I'm 100% about much of anything outside of moral issues, but.. To me it makes a good amount of sense. That's how all these digital coins and money works in general, because of two major reasons.. One is they believe in it and two is they use it.
SO get enough people to believe in steemit and use it.. And I think the value will come.
That's how Facebook and YouTube started, they just never shared any of it back with the users and kept it all themselves and their investors.
In regards to there being no advertising, that's a good point, but not necessary at this stage of the game I don't think, also that could possibly change in the future, who knows.. Though I think the steem tokens have value without a need for external advertising.. I think it's sort of up to the people to decide how much steem is worth.. That's sort of how money works, it's just that most people seem to be so conditioned, controlled and brainwashed they never really think about how money works or how we could create our own money to replace the corrupt government moneys of the world.
I could be wrong about all this stuff, I don't know much.. But I feel optimistic and positive about what I do know about it all.
And.. I can't answer your last question cause I just don't know but I assume there probably is.
You're so nice for commenting on this post. For that, I gave you a vote! I just ask for a Follow in return!