BLOOMBERG REPORTS: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

in #steemit6 years ago

The NEWS GIANT Bloomberg reported on April 10, 2018 and our STEEM, STEEMIT AND DTUBE were making HEADLINES!!!
“With blockchain, people will finally have the chance to be rewarded for their time, attention, and data. No longer will their valuable data be controlled by a few giant companies.” -Dan Novaes, co-founder and CEO of Current.

The less centralized platforms keep more power—and potentially, privacy—in the hands of creators and users, says Ned Scott, who runs the Steem-based social network Steemit. In lieu of ads or selling user data, sites such as Scott’s rely on user growth to make their digital tokens ever more valuable. “The whole experience is more transparent,” he says. “There won’t be many single authorities dictating how social media operates.” Two-year-old Steemit has about a million accounts and added some 120,000 last month, according to Scott. Rival LBRY has about 600,000 registered users.

Please read the full article here;
https://www.bloomberg.com/news/articles/2018-04-10/youtube-and-facebook-are-losing-creators-to-blockchain-powered-rivals

Source of images: Google Images.

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The user experience with social media like facebook , twitter and youtube has been the key for adoption . Now they seem to loosened grip , user experience is poorly maintained (as the competition rises , they needed more revenue to sustain and hence more advertisement needed ) . Luckily decentralised media like steemit not only provide control and censorship resistance (some sort of ) but also incentivises to do so. Thats protein or steroid . Only proper execution is needed and the loophole being addressed timely . I see steemit to be one of the 3 best social platform by 2019 .

I couldn’t agree more.
Spot On my friend!

thanks for share dear..its good news for all steemian.here times are valuable.
@upvote & @resteem done

Thanks for sharing bro ❤️ your the best @melip

Any time 👍

It was inevitable... sooner or later... and steem getting the first movers advantage

good news & informative post for us..
@resteem done

Good post,i like,nice,good job brother,@melip

Nice 😊
Upvote and resteem

Good post..dear @malip..
.so.i just resteem and upvote

Como siempre @melip y su buena información acerca de nuestra hermosa comunidad de Steemit

Hello friend @melip thanks for this valuable information, have a nice afternoon

saludo y buen post,se abrió un nuevo sistema asía el mundo y las personas los a ido aceptando , si limite y restricciones, y para mi steemit es un bon, la creo que la competencia comienza, gracias