You are viewing a single comment's thread from:
RE: Yours.network | A 'Steemit-like' platform that uses Bitcoin | Built by a reddit guy
Also failed with ZapChain...
Yours and Synereo are going to have a big hurdle to overcome in terms of adoption for the same reasons as Steemit. The biggest difference is the currency, in that regard, and unless Yours works some simplifying magic, the difficulty of picking up on how to use BTC right out of the box will be a tall order for most casual users... the exact types a network needs to grow.
Forgot about zapchain... It's just so hard to make people cling to this sort of tipping idea when it costs them money that they don't even really understand how to use. I wish Yours well and will be on there since I love Bitcoin, but I don't plan on filling up my wallet aside from when I first deposit a little. Everything I make will be siphoned off and turned into Steem Power here XD
You're dead on with that. The key differentiator that Steemit has (from my perspective) is very low levels of friction to onboarding new users and for new users to understand how to use the platform at a very simplistic level. If Yours can't make that easy, they'll basically be waiting for new cryptocurrency users that adopted it through Steemit to come to their platform.
Also, if the user bases of /r/bitcoin and /r/btc are any indicator of the type of content and demographics of the users, it will basically be like those two subreddits with bitcoin rewards for content creators. There is very little diversity of thought over there. Part of the downsides to censorship -- when you send dissenting voices packing, new voices don't speak up and will leave. Well played, Theymos.
I hold no ill will to Yours either and am happy to see competition. Though I will admit ... I would be happy to see the BTC maximalist crowd STFU at some point down the road when they hopefully realize that this Highlander "There Can Be Only One" mantra is simply destructive. But that's just me :)