Will Steemit replace Facebook?
This is unlikely to happen in the next year but how about five/ten years from now?
I believe Steemit’s decentralised structure poses an enormous risk to Facebook. Unlike Facebook, Steemit runs on its own Blockchain-supported currency facilitating a structure that allows content to be rewarded in the form of Steem Power and Steem Backed Dollars.
From a non-technical point of view, the difference between Facebook and Steemit that stands out for me is the way in which the success of the platform is shared.
Facebook was developed by a small group of people and those people alone have gained from its enormous success. The benefits of Facebook are, in my opinion, skewed in favour of the owners.
Steemit is very different. Steemit’s founders set this incredible machine in motion and while they deservedly have gained the most from the success the platform has enjoyed, they have opened Steemit’s bonnet to the world and allowed it to flourish in a decentralised environment.
By doing this, two things are achieved.
Firstly, instead of a small group if people being instrumental in the success of Steemit, everyone can play a part. 100,000 heads are will always be better than ten.
This to me is a much more effective way of building a successful network like Steemit. I can obviously appreciate the success of Facebook and what it has brought to the world but I think Facebook, like so many other social media companies, may be seen as operating under legacy systems at some point in the future. If that time comes, what will they be able to do?
Secondly, everyone can share in the success of Steemit by making their contribution whether it is as an author, a curator, a witness, etc. I don’t see Facebook’s ever being able to do that.
I do think this is very much early days and Facebook is not in any immediate danger, however, it is only a matter of time before users of Facebook and Twitter can’t ignore the rumours of the decentralised world and what it offers.
If my Facebook app could collect dust it would be barely visible at this point. Steemit has a hook stronger than anything that has drawn me to Facebook.
Thank you for reading.
No, it will not, and will never replace Facebook. The two platforms are different. Now if you had asked will Steemit replace Reddit. Who knows only time will tell.
Yes true facebook will always be around but the possibility of people moving to incentive based social media is there. Whether steemit or an as yet developed platform and how that will impact popular social media will be exciting to see.
No it wont and it cant...Facebook drives traffic even when there is no monetary incentive..As of now steemit drives majority of traffic because there is monetary incentive..Privacy cannot be achieved in steemit..Messaging is not possible..In the end there needs certain level of centrallization for social media to exist...What steemit can become is a source of content and a means to seamlessly exchange money in our social circle..
Steemit has ALREADY replaced Facebook, for me!
Likewise, Facebook was easily replaced with steemit for me too!
For just one week, for me too.
@newschool, me too. I just pop in at Facebook for five minutes
Steemit would need to reimagine their user experience which would start with a new and improved user friendly website and even a smartphone app
There is a smartphone app. It's called eSteem. I'm using it as I type. Steem is all still in Beta. Facebook was also at this stage one day. Give it some time. Here's a list of 123 Steem related apps:
SteemTools
All very valid points but Facebook has massive first mover advantage. they have literally billions of people who have signed up. Its pretty user friendly so even my parents can use it!! It would take a massive upset to even get close to Facebooks market penetration!
I think Facebook will still stay for a bit, because of Network-Effect. Furthermore many people are not familiar with STEEMIT, or in general with Cryptocurrencies, yet.
BUT: All contents which really bring value to people will move to reward-Plattforms like STEEMIT. It is just a matter of time.
ON STEEMIT I earn ZERO in the worst case. On Facebook I earn ZERO in the best case.
There may be some comparisons and variance between steemit and facebook or other platforms. One can actually take a position as to both platforms being the same or different in terms of its designs or functionalities. The fact remains that these platforms were designed for information sharing, use, and a whole lot more.
The rivalry between both will arise as a function of which platform users are more interested maybe based on its rewards systems.
However steemit might experience a longer growth and expansion rate if facebook embraces the blockchain technology with similar incentive like steemit, since they already have wider coverage and user base.
Otherwise Steemit would experience a take over of a larger market share of users over time. However the onus is on steemit to develop more features just like @infobunny suggested.
Every platform is unique but the most important is the market share. In conclusion steem would have more larger market share if status quo is maintained by other platforms and steem keep improving and inventing new features and designs, their business model would be the game.
Change is never spontaneous.
#whalepower
Anything is possible....
I don't think any other social media site could replace facebook at this point. A lot of people out there are still not 100% computer savvy and can't grasp the concept of a paid social networking. I tried to get my following on Facebook to sign up for Tsu when it was around and everyone was like yeah whatever I am stuck in my old ways. People are stubborn...
While Facebook might have the user base advantage, Steemit is just a better platform from a technical stand point. I think it will take time, but as time goes on, more and more people will switch. Remember MySpace? Well...
Its all about the gooey GUI....
Once there is more development on how interactions take place, there wont be as much as a learning curve and there may be more options for algo-driven curation based on interests/activity. As long as it stays agnostic and focuses on the end desires of the user, I think that transition could happen naturally.