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RE: Steem 24 hour volume is 3.4 million. EOS 24 hour volume is 1.4 billion. What does this mean to you?

in #steem6 years ago

Good point about churn. There will be some leaving here to go there, but there will also be people there coming here. I am guessing that many people will just post on both. As a contributor, putting it on 2 blockchains is better than one. Its not as if people here dont go on Instagram, Facebook, Reddit, Twitter and etc. every day too.

One thing I didnt point out that doesnt matter much to me is that 60k active users is probably filled with a good amount of robots, services and alt accounts. I can't say an exact amount, but I see the bots and there are lots of them.

I dont see competition either. Ethereum has a blogging site now, there are a couple others like Library Credits. They are hardly competition to me though. Without a doubt it is coming, and with the current state of the social media aspect of this site, I see many points of weakness that a competitor might attack.

Thanks for taking the time. I hope all is well with you and Roundhere!