Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
Hyperme.sh
on 06/09/2017, 23:47:11 UTC
Once you get some kind of Steem based gambling website, you bet that will help.

There are already several Steem-based gambling websites (or games built on Steem/Steemit itself). How will this change with more websites? How does Steem-based gambling add value relative to other crypto gambling, especially BTC (and maybe ETH) with far more liquidity, recognition and user base

Presumably the reason is because there is nothing significant those games do which people really salivate for, which can’t already be attained on games in the mainstream.

Steemit does something unique. It pays people for blogging. Afaik, that is the only app of significance so far for Steem.

I’m guessing that perhaps some Steem devs drank the “we are change” Koolaid and are thinking people will use decentralized replacements for mainstream apps/sites, just because of the altruism factor. There must be an economic (not necessarily monetary) incentive. For example, the economic incentive for me to use Facebook for my social contacts, is because it is the most convenient for sharing/contacting, because everyone else is there. But for crypto, I don’t use FB because even if y’all are there, I can’t find you as needles in haystacks on it.

Resistance against censorship is actually an economic need that some centralized apps don’t offer. It’s not an economic need for most apps though. Each app market has to be carefully analysed.