It's been a week since I joined Steemit and I am absolutely loving it. I can totally see how it can change the world as it incentivizes content creators and gives power back to people.
I was first introduced to this blockchain technology in 2016. At that time I didn't think it's much useful other than for payment systems like Bitcoin. But didn't understand blockchain technology fully and to be honest, I still don't. But now that I am using steemit myself I can say that it has potential to change the entire social media industry!
Apart from steemit, LBRY is working on building a decentralized youtube where creators and audience gets paid directly instead of a third party dealing with them.
In future we will see a lot more decentralized social media applications. We will probably have a decentralized version of almost every popular social networking site - facebook, twitter, snapchat, instagram.
This new type of social networking will be free from censorship and centralization.
And the best part about it is that instead of making billionaires, it will make ordinary users and content creators rich! adding more incentive to create a better network.