I love your analysis on Network effect with references to Facebook and WhatsAPP but more importantly EASE of USE and SCALABILITY are a confluence of factors along with Network effect. I know it's cliche but the Grandma Test is particularly helpful for the payment crypto-currencies since if anyone can easily download an app or virtual card and have effortless transactions around the world with a variety of crypto-curriencies that would definitely fall under Network Effect. An example is about a company I just read about Ten-X which just got an unprecedented amount of funding from ICO. They definitely are solving an immense problem with 0% transaction fees, ability to hold variety of Ethereum based currencies/Bitcoin however their flaw is that its built on this Commit network, so unless the Commit network achieves MASSIVE adoption then its impact would be negligible.
RE: 5 criteria for choosing a winning long term crypto portfolio
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5 criteria for choosing a winning long term crypto portfolio
Thanks yes I think this is a very important point and another thing I've implicitly been looking for. Something like Incent that tries to be a simple loyalty platform but could be crypto by a back door or a social media network that is intuitive and simple (and fun perhaps too) are all going to have much better chance of success. Thanks for the tip about Ten-X - I'm off to have a look at them.
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I'm proud of myself! I generally have disdain for arbitrary commenting across different websites since I consider a waste of time personally unless its a targeted audience, but I usually accomplish that through Twitter, and Instagram but even those social media platform has its flaws. I try not to be a digital junkie either, and its important to have balance with real world awareness. Anyways I digress, as usual.
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I think I'm having a quasi EUREKA/epiphany! Whatever that means, lol! STEEM got me excited at first at the possibility of income generation from blogging since I already had plans to launch a blog a traditional route but then I got deterred after 2 hours of signup being overloaded with so much information on this website that I just lost interest completely (3 days ago ) but I'm back on this site after google searches on TenX cryptocurrency led me back to that page in fact and found some valuable information like this article since it was relevant to what I was doing last night deep in the midst of crypto-currency research compulsions.
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I think STEEM is onto something mainly because of the incentivization of content, but since it takes time to build monetarily valuable content that can't be the sole reason why this platform will take off. It has specialized knowledge dispersed in different categories, but I would assert information related to cryptocurrencies/blockchain technology and the transmission of that in a manner analogous to Facebook will enlarge as prices of cryptocurrencies continue to skyrocket and suddenly it becomes the modern day gold rush and due to fear of missing out, people start "digging" on the web for valuable cryptocurrency/blockchain advice and people enter this platform and start connecting with the community. So....
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I think the point about the specialised crypto knowledge on a site that also covers other popular content like travel is a really good one
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I may buy $1 MILLION DOLLARS worth of STEEM!
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J/K, probably just $100-$200 :)
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