Rapid response to the hacking, managed to stop the fall of the great crypto-currency business model Steemit managed to restore its rapid growth. Steem has managed to occupy the third largest in the crypto-currency market just behind bitcoin and Ether - the crypto-currency ethereum. This is because Steemit is the first social network that distributes its users part of the profits generated content.
Thus, Steemit could compete with networks like Facebook and Reddit, which take 100% of the profits that the content its users generate. As such, Steemit could surpass in the future these social networks in terms of number of users, while its crypto-currency, driven by a greater number of users and a simpler form of generation and distribution, could surpass Ether or even bitcoin.
On the Throne of the Crypto-currency
Since the network is more secure against possible attacks by hackers, and their business model is more democratic and open to the public, generating revenues denominated in Steem with Steemit will become a major growth engine for other applications blockchain based technology. Until now generate bitcoins or Ether, or even get to design applications on ethereum for income, were options that served a minority of the world population, but Steemit changed the balance. This will convert the Steem in the crypto-currency more potential mass media in the world.
Impartially consider clear that the level of innovation is high, and this invention will continue modifying the world for years to come in their proper proportions, of course? Perhaps. In the economy or in any other science, predictions may be failures, and no end was consolidated for Steem: is far from extinct, but is far from a universal currency.
What now takes me to an optimistic view of Steem, it is to know that his active community is growing, and more than that, the target audience is ceasing to be enthusiasts of technology to ordinary people, to the masses, becoming real so the possibility of Steem become "popular" and not just a "niche market".
As has controlled shortages in the long term its value tends to be deflated, leading consequently to a recovery, taking informal projections that one day exceed $ 1 million. If this forecast is confirmed, it will be born a new wave of millionaires.
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Revolutionary Business Model Steemit
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