Prelude: I'm collecting information as to why I think Steemit won't fail. What inspired me to do this is I googled (reasons why steemit will never fail) and this is what came up....
I was surprised to see that when looking for positive information about Steemit all that came up was negative information and a lot of what I read seemed to be biased opinions. So I thought why not add another biased article, but instead of being negative about Steemit. I'll list 3 reasons why I think it won't fail.
(One)1. It's decentralized (Crypto's favorite word)
Everyone loves social media, everyone loves expressing their opinion, everyone loves having a platform that gets their voice heard, and Steemit is a platform that pays you to do that. It's moderated and governed by the Steemit community. It's the peoples social media. It falls right into what crypto is all about in the first place. You don't have a corporation handling all your private information or telling you what you can and can not post.
When a crypto investor see's the word decentralized
(Two)2. It's free to earn or pay to play
I consider Steemit as a fantastic gateway into the world of crypto. Because you don't have to invest a dime to start making some money. You just have to create and post consistently good content. Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work. So if you're a content creator that desires to make an income creating whatever it is you love to make. Steemit is a free investment for you to start earning, but if you want to earn without creating content. You can, but it requires a good amount of Steem Power. You also, could post a bunch of supportive comments and earn a little that way. Basically, If you interact with Steemit... There are ways to get paid.
Facebook, Reddit, Snapchat, Myspace (hehe), Xanga (who remembers it?), ect.... Nothing else pays you to post comments.
(Three) 3. It's Pretty Freaken Scaleable
The Steem platform is built upon Graphene, the same technology that BitShares uses
Dan Larimer created Bitshares, co-founded Steemit with Ned Scott, and is CTO of EOS. (Not a fan of EOS)
The technology has been demonstrated by operating over 1,000 transactions per second on a distributed test network and can easily scale to 10,000 or more. Currently making it one the most scalable cryptocurrencies on the market. Not only that, but the fee to send Steem is zero. You can transfer 100 Steem all day over and over again and your 100 Steem.... Will still be 100 Steem. This makes steem one of the fastest and cheapest cryptocurrencies to use. It beats Bitcoin, Ethereum, Litecoin, and Bitcoin Cash! Why isn't Roger Ver a fan!? Oh wait... he might start calling Steem Bitcoin. We don't want that....
In conclusion, my biased opinion is that Steemit is way to awesome and revolutionary to ever fail. If you hate making money for good content. Then you must hate Steem.