I've been racking my brain and coming up with what is Steem to me. Not an as straight forward of an answer as you might think.
Incentive: curation vs self-upvote
self-upvote allows more direct cash flow to go into one's pocket. higher curation can provide higher ROI, however, it takes more skill.
Steem is a decentralized database that stores text files for the most part. A censorship resistant database is best used for social media. Social media currently is a shit show, but FANG stocks are the biggest stocks in the world. I believe STEEM can replace the word FANG. STEEM stocks, businesses leveraging the Steem blockchain.
Money+ = Bitcoin
Social Media+ = Steem
I hear people say that Steem's killer use case is not social media, however, I have yet to hear what the other use cases would be. I think of Steem Monsters, sure, but if you listen to Aggroed speak, he says that leveraging the community of #Steem was a big aspect in their success.
So, even if there is another use case for the Steem blockchain that isn't social media, it could still benefit being a branch off of a social platform.
The above are just my quick notes and do not represent the video as a whole. Listen to the entire video if you want my entire viewpoint.
WHAT IS STEEM TO YOU? Let me know below.
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