First, the blockchain-powered bitcoin and the concept of digital currencies is the future of finance. I’m holding onto bitcoin through its ups-and-downs because eventually, it will hit $10,000. To the doubters, laugh, and laugh some more. I’ll be sipping champagne first-class to Paris, while you’re begging your mutual fund to beat inflation!
On a less combative note, I tried Steemit and found resounding success with it. Last April, I signed onto the network, bought approximately $100 worth of the steem currency, and contributed content consistently. In less than two months, my steem coins are worth well over $3,700. In contrast, I made zero dollars with Facebook, and not even FB stock could offer me a 3,600% return on my money.
Invariably, though, new Steemit users fear that the money has already been made. But that’s just not the case. For example, user “
Additionally, Steemit users can generate income through content curation, which involves voting for and engaging with content creators. Curators “
In most cases, the income is nowhere near life-changing. However, the fundamental danger to FB stock is that Steemit successfully demonstrated that social media can financially benefit regular folks. Once more people recognize that — with effort and dedication — you can earn cryptocurrencies for activities that are usually done for free, it’s hard to imagine why anybody would still use Facebook.