Steemit - Youtube Effect

27 Jun 2017 · 12 min
11:45

In this video the host discusses the potential migration of YouTube content creators to the Steemit platform, framing it as the "YouTube effect." He argues that growing dissatisfaction with YouTube’s ad‑block policies, content monitoring, and revenue share is pushing creators to look for alternatives. Steemit is presented as a more generous, token‑based reward system that could attract large‑scale creators, but the host notes a significant adoption bottleneck – likening the influx to a city evacuation that cannot happen instantly. He outlines the benefits for existing STEEM investors, who would see increased circulation of the token and higher platform value if millions of YouTube followers and ad revenue entered the ecosystem. At the same time, he acknowledges practical hurdles: creators must learn Steemit’s posting, curation, and payout mechanics, which could delay the transition. The host speculates that a noticeable shift might take three to four years, drawing parallels to the early growth of Facebook. Overall, he is cautiously optimistic that a steady influx of YouTubers will boost Steemit’s user base, economic health, and token price, and encourages both platforms’ audiences to stay engaged.

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