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RE: Open Social Platform

in #waivio6 years ago

As is always the case, the closed system owners will fight tooth and nail to protect their interests.

Open systems will win out, eventually. The law of disruptive markets tells us that any time you can do something 10x better for 10x cheaper, you will win. We're at that point with blockchain publishing like STEEM.

But it will take (a lot of) time before that is recognized widely.

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Steem open platform was featured in the top 10 on the Audit Report of 200 blockchain projects:

https://medium.com/@DPRating/dprating-github-audit-for-200-blockchain-projects-sep-2018-monero-and-bch-boosting-3db8b3d971d7

And Steem ecosystem includes many parties: developers, miners, content creators, curators (including organized leagues like Curie and more). And this is just the beginning.

It is very difficult for closed systems to fight open platforms, because their standard toolkit is useless: you cannot buy open platform, you cannot sue them out of existence and it is very hard to regulate them, because these are not companies.

Also closed systems are unable to adopt open platform innovations, since they attack the very core of their business model.

I think open platform is the worst nightmare of established closed systems.

The fight is on the reputational level to prevent the critical mass of users from switching to the open platform.

So it's rumor and slander as the tools of the day. E.g. "Bitcoin is for drug dealers."

Because from the user-perspective, you are right. There is no reason to stay in the closed systems when there is an open alternative that is superior in pretty much every way - except for the lack of network effect.

In our own case here on STEEM, the value for a user to switch from twitter/fb/etc with their millions and billions of active users to STEEM with its 20-50k active users is low. So we are in the baby stages of network effect where we pretty much only have people who are looking at the larger, long-term picture as users.

Open platform enables permissionless innovation and Steem ecosystem has grown immensely in just 2 years:

  • web interfaces: Steemit.com, Busy.org, steem.chat, …
  • apps: Partico, eSteem, Vapor, …
  • specialized: D.Tube, Dmania.lol, Musing.io, SteemStem.io, dsound.audio, dlike.io, SteemFest, …
  • tools - apps: SteemWallet, Steem Monitor, SteemConverter, …
  • tools - web: steemd.com, steemworld.org, steemconnect.com, delegationhub.com, blocktrades.us, steemprojects.com…
  • bots: steembottracker.com, isteemd.com, 40+ bots…
  • curation: curie, steemflagrewards, …
  • funding: utopian.io, fundition.io
  • games: steemmonsters.com, …
    And much of this development is done as open source software that allows others to build on top of it, network their ideas and gain momentum. At first glance, it may seem like a long way to go before an open platform compares to existing giants, but this growth is exponential and once the open platform starts to catch up, the next moment it is 10 times better and offers something completely different and unique to users. The adoption will happen.

Oh, definitely. It will happen. The question is when will then be now?

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