Re: Why I'm selling all my alts coins and putting everything into Golos
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.
Yes good point. Unfortunately nothing in crypto is black and white. But if you look at the content of Steemit now vs even 4-5 months ago, its better.
Also, I've noticed on Youtube that some channels are encouraging people to subscribe / comment on videos through Steemit instead of Youtube. This has only started recently. Youtube have started filtering a lot of content and its really making a lot of Youtube channels angry.
My basic thesus is Steemit is go to growing but Golos will grow faster. We'll see...
PovertyByte is referring to a well known concept of network effects: the more users a platofrm has, the more valuable it is for everyone in the system. Think of facebook or ebay. The thing is, it is really hard to start with a business model like this. That is why I find PovertyByte's comment correct: this is no linear game, it is very much a compounding effect that you should be thinking of. Which means it takes a long time to get started and get some traction.
Obviously I know nothing about this project - but why cant you just use Russian language on Steem? Or perhaps partner with the Steem guys to set up a Russian division of Steem? That way you could perhaps tap into their already existing Russian speaking base.
Anyway, be careful with investment decisions like this
What already existing Russian user base on Steem?
Thats one reason why Golos was launched - there was none.
Plus by being Russian focused they appeal to a specific market