Facebook is undoubtedly the king of social media and will remain so for a very long time due to its huge user base (1B+) with many dedicated daily users. On the other hand, will this monopoly last forever? Or will another smart player like Steemit, with its reward system take some market share from Facebook-especially good bloggers who see that steemit gives them the opportunity to earning a good revenue from their talents and hard work. Will this result to a duopoly or oligopoly due to other top players?

Here are some few points:

Pic Source

Community of great bloggers: steemit has certainly attracted great bloggers from Facebook to its platform due to the afore-mentioned benefit: financial reward plus the chance to interact with other great writers by joining steemit writing groups, making great friends, competitions and steemit meet ups. All these are not offered on face book hence why steemit will continue to tap into and appeal to top bloggers from Facebook.

Change of interest: For those who are active in Facebook before joining steemit, you will notice that you spend less time on Facebook since joining steemit meaning that steemit platform is more appealing due to the ability to earn a good income here and learn about great things , for instance Cryptocurrencies- which is not the case in Facebook. Imagine millions of Facebook users learning about such opportunity? What will happen to Facebook market share and subsequently the size of steemit users and steem price? The simple answer is that we will see huge increase in user base and steem price .

Censored vs uncensored: Moreover, those who need to control what they post or talk about -will leave Facebook for steemit due to censorship at Facebook. In fact, the platform controls what people say or write and will delete an account (without warning) if someone goes against their interests.

Quality of posts: Facebook is undoubtedly the king of selfie pictures, baby pictures including friends / family members sharing pictures and will remain so because there is no space for such segment in steemit. Steemit, on the other hand, will take over the segment of mature and intelligent bloggers, great community interactions and top video content creators (remember Dtube) . This will undoubtedly, make it possible for steemit to tap into millions of Facebook users , however it will take some solid marketing and community members making positive noise for this great platform.

Now is your turn, do you think that steemit will attract some Facebook members? Send in your comments, upvote in order to send in your support and resteem for others to join.

Click here and read my former post: Steemit and cryptocurrencies:The New digital Santa Claus

Important info: