Always an opportunist, I like to share the Steemit and cryptocurrency story beyond the usual "preaching to the choir" routine. Today, I found a natural, organic way to include the Steemit network in another mainstream publication.
As you may know, I'm a regular financial columnist for InvestorPlace Media, and one of the hot topics of this year is the Snap Inc. initial public offering (IPO). The company, which makes -- in my view -- the ridiculous Snapchat app, is yet another iteration of the tired social media platform.
Snapchat faces so many challenges, with the primary concern being Facebook. As much as we love to hate this albatross, we have to respect the fact that a few hours ago, Facebook officially declared that it has two billion monthly active users.
It will wallop Snap six ways to Sunday!
A Silly Waste of Time
If for some reason Snap survives the Facebook onslaught, it will then have to contend with other social media competitors. I truly believe that Steemit could do significant damage right now because it revolutionizes the entire platform.
I hope this doesn't offend anyone, but Snapchat is for retards. Anyone that thinks puking rainbow diarrhea is funny has very serious mental and emotional issues. And any Snap user beyond the age of 12 is in dire need of professional help.
But more critically for the SNAP IPO, Steemit completely overturns the Snapchat business model -- whatever that is. Instead of sacrificing your dignity for free, why not get paid for it?
Why not indeed!
Steemit is the Superior Network
It's a small point but I will be driving it home. I made a similar argument about Steemit representing a core threat to Facebook. Realistically, we're at least looking at a few years before Mark Zuckerberg even blinks at Steemit. Nevertheless, with growing popularity, that day is coming.
For Snapchat, I will argue that that day is already here. I just can't imagine folks using Snap when they can instead engage the Steemit network, starting posting content, developing a brand, and ultimately, accruing serious financial benefits.
To me, it's a no-brainer. Once the general public comes to the same realization, that'll be all she wrote!