I almost missed this, but thanks to the fact that I'm following Steemit communities on other social media network too (like on Twitter and Facebook) I caught it just in time. So, less than a day ago, @ned was interviewed live on Bloomberg where he talked about STEEM and Steemit.
If you're impatient, here's the link
I personally think @ned did a great job at trying to explain what Steemit is and how content is tied up in the blockchain as a value generator.
But that also reminded me how revolutionary this project really is. I mean, as someone who knows the ins and outs of the platform for almost an year and a half, hearing how Bloomberg anchors (quite well intended, after all) were asking questions like: "so you generate revenue by advertising, right" made me realize that we, as Steemians, we're really living in the future. Granted, Steemit is a project hard to grasp and I don't think it can be explained in under 5 minutes. But the fact that this project actually works is in stark contrast with the current status quo in the business world. And this status quo is limited to "the Facebook model" were data is sold to advertisers in order to generate revenue.
It really amazes me how obsolete this model is, and yet, how popular and really ubiquitous in people minds, when they think about "making money with a social media website". No, selling users data to companies so they can do some social engineering in order to sell them stuff is not the only business model for social media. Not to mention this model won't "plant" a very good karma, so to speak...
But back to the potential impact of this interview. Although the markets are retracing right now and the interview didn't seem to push STEEM higher, I think it will be useful. Whoever is interested in the blockchain-based social networks (and still watches Bloomberg) saw what it was to be seen.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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