Interesting article by Josh Enomoto on Steemit vs. Facebook on Investor Place.
He finds in his analysis:
A major, potential risk to the social media giant’s dominance is an open-source network called Steemit. What makes Steemit distinct from the litany of social media garbage is that it runs on its own blockchain-powered cryptocurrency called steem.
Yahoo Finance's Daniel Roberts states:
With Steemit, you get paid to do what you normally do on Facebook for free. If the platform did take off, FB stock would genuinely become troubled.
Read the full article here.
Both authors are right. Steemit will unlock its full potential when it moves from the current beta version to full version and millions of new users start subscribing.
What is your view?