RE: Critical Analysis of Steem and Why I'm Invested

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Critical Analysis of Steem and Why I'm Invested

in steemit •  7 years ago  (edited)

In the end, the crypto assets that will survive and foster value are the ones with the most users. Steemit does not seem to have an issue here, especially as the #deletefacebook trend gains traction.

But, it really becomes a question of Steemit being able to "curate" (without censorship) and provide opportunity for quality content to be found amongst the sea of disinformation and Ponzi-like trending pages and bots. Will Steemit be able to maintain user growth and maintain its value of providing community and unbiased (but high-quality) information? It is all up to the consensus within the community to decide; it's a free-market system that is currently not large enough to weed out all of the nonsense that makes social media anything but social.

Clearly, the fact that I am blogging here shows you where I stand, but it's up to the markets to decide! Cheers

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I don't necessarily think #deletefacebook helps Steemit. Its uses are very different . I don't don't see people here following what their friends are up to or posting what they just ate just like I don't see that on Reddit either. Actually in my opinion if Steemit is going to take users from some place is from Reddit or other internet forums.

Delete facebook is against the use of users' data, on steemit no data is protected or private and there should be no reasonable assumption of any privacy whatsoever, so you are correct in saying that steemit will not benefit from any influx of privacy-minded individuals.

The free availability of the data that is on the blockchain is a blow to the heart and soul of surveillance companies.

All data will exist. When it's kept from the public, it becomes commoditized. Being free means it's ours--each of us can access our own data--as much as everyone's. Can't be used for blackmail, or various other nefarious purposes.

I'm a strong advocate for the people data is generated by being the owners of the data. A good first step towards that is making it available to us. Hopefully, the rest will follow.

Privacy, IMHO, is pretty much a thing of the past. Technology won't allow it. Not much we can do about that except not generate data. That's mostly not practical. Fakebook was just after our medical records. They have data on non-Fakebook users.

Steem won't do that. For these reasons Steemit is vastly superior to all other social media platforms regarding privacy I am aware of.

The #deletefacebook trend I alluded to is merely the beginning of a much larger trend. One where people begin to doubt being online in any sort of capacity because of cybersecurity risks and being data-mined for faceless corporations. So in this sense, Steemit absolutely does benefit as the consumer makes a conscious decision to decide where he/she spends his/her online time and efforts.

Does Steemit capture this entire market? Of course not, but to suggest it will be a beneficiary of this trend is rational in my mind.