When Dan Larimer and Ned Scott came to the idea of full decentralization, the future of blockchain and crypto was just a foggy idea.
In the Boom of Social Media, with Facebook making billions of dollars in advertising using the data of billions of their users, Tweeter, Reddit, Instagram, etc, were also flooding the planet and profiting from it as people kept rushing to upload more and more of their activity data. This is some how a very dishonest way to keep people working blindly for a company, just because they’re ignorant about what they’re doing.
Larimer and Scott saw this silent abuse as an opportunity to not only decentralize powerful networks like these, but to also benefit the hard core members of the so-called social media by collecting revenue for their hard work.
I am not familiar with the whereabouts of the deep roots of STEEM and STEEMIT; algorithms, names, long term value, short term value, ratios and who did what when it came to splitting the job between the two geniuses; it is completely irrelevant when it comes to the MAGNIFICENT results that we are presently enjoying.
With the scandal going on in the Facebook world, decentralized social media platforms like STEEMIT, LBRY, CURRENT, YOURS, and others, are becoming the preferred choice for millions of betrayed people in the world and the best choice for the younger generations.
Imagine the $400 billion dollar revenue collected just by Facebook returning to your pockets. Imagine all the capital from thousands of advertising companies flowing through STEEMIT and you as an users collecting a good percentage of them. Imagine getting paid huge amounts just for checking adds, watching videos, writing posts, UpVoting, commenting, and sharing those adds and posts. This is what Larimer and Scott saw in part.
STEEMIT and STEEM are already part of the working future of blockchain and the sky is the limit for where all this is going.
Keep your posts coming, make as much STEEM as possible, HODL it and convert it into STEEM POWER as soon as possible. STEEM is going to the BIG LEAGUES sooner than you think.
Centralized platforms that benefited so much, for soo long, are surely coming to an end in the near future.
STEEM has a very low total supply
This means that with a 25 billion dollar market cap, STEEM will be around $100.00 and that it’s even foreseeable to happen this year.
There are a lot of advertising companies planning to jump on the Decentralized social media platforms and STEEMIT happens to be the FIRST ONE ever created on the blockchain.
Fasten your seatbelts STEEMIANS, STEEM and STEEMIT are going TO INFINITY AND BEYOND.
The writing is mine, the images are from Google 😊