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RE: The Case for Buying Steem and Steem Power: The Dollar Vigilante Says Steem Is Now a Buy

in #steemit8 years ago (edited)

I hate to shit on a party train, but Steemit is SOO far away from even coming close to a Facebook, Twitter etc. I almost wonder how much TDV might have been paid to post this post and promote buying into SP right now(well I guess a guaranteed upvote by all the votes that can payout counts). Because looking at the current state my buy-in is somewhere around .01 -.05.

For starters, the content here people are posting and being pushed to by voting patterns is totally different than what you see on any other platform. You do not see 1-2 thousand posts posted all over Facebook. I do see it being a better alternative to Reddit though, but who knows if or when it could actually overtake it.

Unless the whole interface and options are changed on Steemit it won't even come close to capturing the mass audience Facebook does. Of course, this thing is just a tiny little infant and could grow into something massive, but some major changes will need to happen.

My personal suggestion, because everyone keeps saying but "this is still in beta" I would highly suggest looking at any serious investment as an "investment in beta."

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That's true, it's like investing in something before it takes off. Like microsoft,apple, or amazon. Or it could be like investing in blockbuster and circuit city. Then you lose hard. You just never sure in the beginning. Crypto is even more of a mystery and can be more disastrous as a haste.