I agree with all the points said here. I've never invested much in Blockchain tech, because if we are honest, most blockchain tech has not had a solid use case until this point. As soon as I found Steem, and read through its whitepaper I was hooked. Its use case for both financial transactions and applications makes it something that will be hard to kill!
In fact, I can easily see Steem becoming a viable alternative to YouTube, Twitch, Facebook, and even banking after we grow a bit as a community. It's really just a matter of time in my eyes.
I also agree with all of the points. People who see death here are focused too much on the cryptocurrency and the blog for profit aspects. I think that neither will drive STEEM. STEEM will ultimately be driven by its superior infrastructure for experiencing community.
Focusing on building superior infrastructure for community will exploit the powerful networking effects of community and is the best way to promote STEEM's cryptocurrency value and its utility as a platform for publishing content for profit.
Same here, I was always in crypto just because I knew the hype would attract lots of investors, but as soon as I found out about steemit, I started selling all my other assets because it's the only one I've found with a legitimate use case.
You can tell Facebook is shitting itself, Zucker*unt is trying to get into every emerging tech to save himself!
you got that right!
But soon it won't be the only one any more as Minds is working on similar technology and Minds has 2 million active user while Steemit has only 0.8 million registrations.
I think we're up to 1 mil now, I started here 2 months ago and back then there were only 400k, so we do have a slightly smaller userbase, but we've more than doubled in size in two months which is crazy.
There is a stat on Wikipedia:
https://en.wikipedia.org/wiki/Steemit#Steemit_Statistics
Sadly only three rows for the last four month.
And yes registered users where doubled to 800'000. But registered users aren't all that important. What counts is active user. And that dropped last month. (But same for Minds.com — its a close race)
Mind you: I am still an active user who posts here. But i have seen other making a few postings abandon there account again. And the user who introduced me to Steemit is powering down her tiny 30 steem power. Her account is about a year old.