Steem got boast from Voice debacle, now trading at 17 cents and ranks 72!

We already know that so called earth shattering social media DApp Vocie will not be built on EOS due to technical issues. Voice was supposed to be epitome application on EOS. Moreover, Voice was supposed to be a Steemit killer and Steemit 2.0 which is already delayed by more than six months. Now Voice will be released on a private deployment of EOSIO software which will make it more centralized that is already criticized for KYC requirements.

steem_boast_by_voice_debacle.png

VOICE FAQs reads:

"While Voice is in beta and a highly iterative state, it will be run on a purpose-made EOSIO blockchain. In time, we would like Voice to leverage the EOS Public Blockchain, and potentially others that can meet the performance and governance demands of Voice."

It seems that Steemit is still the de-facto blockchain based social media App. Steemit may remain so since VOICE will be a centralized (being on a private blockchain controlled by @block.one).

It looks the news already have a positive effect on Steem's price. Steem gained more than 18%, trading at 17 cents and now ranks 72. Its current ranking is the highest in the last couple months.

Steem already has exodus of investors due to lure of EOS building the best blockchain based social media site.

However, it is hard to build a social media application from scratch since it plays with unpredictable human behavior.

Steemit is already ahead by three and half years in adapting to human psychology. EIP in HF21 and HF22 is one such example. Therefore, @dan and @block.one will make a better Steemit or so called "Steemit 2.0" is just an exaggeration. The debacles related to VOICE is already proving this thesis.

It looks like overall altcoin market is showing some strength. Steem is always a laggard and showing some life. Hopefully, with more good news and final release of SMTs, Steem will regain its rank to top 50 coins.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions. This opinion is only for educational purpose.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@dtrade
Cryptominer , occasional trader and tech blogger since 2013


Posted via Steemleo | A Decentralized Community for Investors