Facebook is a centralized for profit organization that is fraught with big company advertisements, governments spies, control of freedom of speech and greed (no single revenue share with community). Steemit, on the other hand, is the new sexy guy in town that solves the limitations of Facebook because it is decentralized, great revenue sharing concept: give all people the opportunity to make big money blogging what they love without the control of big brothers (governments and their spies).
In his 2018 statement, Mark Zuckerberg (Facebook CEO) made an interesting remark with regard to cryptocurrencies read it here
Therefore, do not be surprised if Facebook CEO Mark Zuckerberg will want to take the fight to steemit- the conundrum, however, is: will he succeed? Here are some few points.
**Trying to Join the Vibe: ** Yes I do share my steemit posts (about the ingenuity of steemit) on Facebook (am sure Mark Zuckerberg will not see it, but his agents are everywhere) .By constantly showing Facebook how decentralized platform like steemit is better than their business model (including constant news about cryptocurrencies on television especially financial news) plus his former buddies Winklevoss twins (remember their issues with him? ) being the first bitcoin billionaire’s- read the info via my former post here I am sure that Zuckerberg is in a paranoid state of losing out (FOMO) and want to join the vibe just like bitcoin former hater JP Morgan CEO James Dimon
**Taking the fight to steemit **: Steemit is undoubtedly the best social media revenue sharing site in the world that have moved many family (especially from developing countries) out of poverty due to the ability to earn decent money while blogging . see the below video for some good points.
Uniqueness: Facebook is a great company however not unique in creating new products (even MySpace started such social media platform concept before face book)- Reason is that its strategy is based on using its big cash for M&A ie buy other weaker competitors or enter a new segment through M&A strategy-this is not bad and shows great working capital management and many big companies with big cash follow such strategy. Therefore, don’t be surprise if Facebook will want to take over steemit however am sure that @ned will say no because as I indicated in my former post , steem ecosystem is unqiue and ready to take over the world and thus will be far ahead of Facebook in the crypto space with its superior block chain technology.
What do you think? –is steemit in danger if Facebook enters the crypto spacet? Send in your comment and please would you upvote this post and resteem in order for others to join the discussion.
Click here and read my former post: The Amazing Power of Opportunities in Cryptocurrencies : Steem & Ethereum Lyte (Elyte) (2)
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Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
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