RE: Why STEEM is more valuable than you think
You really have a way with words. I really enjoy and always look forward to your next articles. You also get me so incredibly excited about SMTs!
Within the past weeks I have realized that STEEM is truly a hidden treasure. I have been dropping comments left and right about what I'm starting to see.
Like you mentioned... BIG name youtubers with millions of subscribers have been joining the Dtube and Steemit platform. This is only the beginning, and with them will come other BIG names and small fishes. They are going to be putting a ton of eyes on this platform.
Then there is this...
"If I were to name the big companies reaching out SMTs you would scream out loud"
This makes me incredibly excited. Like really excited.
I responded to a post the other day that was comparing Youtube and Dtube. The post was saying that competing with Youtube will be a heavy task, and how Dtube is in a very early stage of development. We may not be able to compete with Youtube yet, and it may be a "heavy task" but this community is growing strong and there are huge incentives here. Good things take time to develop.
I'm predicting Dtube will eventually be their number 1 competitor. I don't really see any other platform like youtube that let's user's monetize their content. A big difference and game changer is that Dtube users are able to monetize their content from day 1, where on Youtube you must meet minimum requirements which could actually take a long time to achieve.
I see it happening, and its happening fast. This platform is blowing up. It's covering the big areas of Social Media - Reddit, Sound Cloud, Youtube.
I'm here for the ride.
Edit: You have actually inspired me to write a similar post! I will be doing this soon.
You're definitely right! Please let me know when you write it so I can resteem it too!
Will do! I will give you and your articles a shout out since they have given me inspiration. :)
Great comment.
I would like to add that since stuff is speeding up extremely quick a competitor to DTube can happen in just months time. So I do believe we will see tons of competition coming out which I think will be valuable for everyone since we will be getting a better final product!
For example we have view.ly, Flixxo and Viuly coming for video sharing with Tokens! Then in terms of other social networks we got MITHRIL and for gaming IQeon is coming.
So what we could see is tons of these new competitors coming in! Probably at least 10 competitors in every category! I have detected how many companies are in this space from my earn.com account. I get new companies in Token industry showing up almost every day now! Especially with all the money from ICO that flowed in from 2017 we are really starting to see exciting stuff. But will probably take until 2019-2020 before we see more of that hit the mainstream market.
So I think the competition will be super fascinating to see since the video market is so huge there is lots of room for many companies to come on board! This is great since we will have less monopoly on the market as we now have with Google, Facebook and Twitter! It's scary how much power just those companies have in controlling the content that gets produced on the web. Since Facebook also owns Instagram they have way too much power! We really need a more fair market.
I don't see DTube be main competitor to YouTube since I'm very sure that the Google guys, Facebook guys and tons of other well funded companies can bring out a competitor very fast since they are loaded with money and engineers. Remember that YouTube mainly took off after the Google guys came in with tons of new money. I do think that DTube will have a great growth curve but to truly scale you will probably need a professional team that has done stuff like this before. And right now the DTube team is very small so if they truly want to compete with the big guys then they will have to do some serious hiring.
Clearly right now Steemit has been quick to move and is 2 years ahead of other companies. Much of how things will go I think will come down to how the Smart Media Tokens will go if other major websites will adopt it. Then we may see a sheep herd effect flood to Steemit and raise the price of the website so they gain better competitive advantage. Also if we will solve the featured page with people using bots and self upvoting. Clearly this needs to be fixed. Seems not like a good idea to be able to upvote your own stuff. Clearly it must be better to remove this feature. Many people are getting annoyed this feature exist.
Also we currently have a fight between 2 of the founders of Steemit if I have understood things correctly. This is also something that worries me because it can create major problems in the future. Especially if they wanna compete a lot against each other and may attack each others projects. All depends on how humble they will be.
Also the other new platforms that are coming up now in terms of video will see the mistakes that Steemit and DTube has done and will quickly learn from it. So I don't think it will be an easy win for any company in this space. But it will be very exciting for the consumers after seeing so much monopoly on the market.
Stuff is starting to open up which is very interesting! And don't think any company needs to "win" since we are now sharing money so much more that we can create tribes with real value instead of the scarcity mentality we have seen on other platforms. People that create good content should be rewarded for it but it has been flawed with YouTube where you need to try to game people to get clicks. It's more of a numbers game there. I hope the Blockchain can solve this!