So I have just been trying out and checking out peepeth.
First off I think it is a very pretty website and overall great app.
The user experience is awesome, the site pretty and overall everything is slick.
I would not invest into the project however and there are the following reasons why:
The app is a simple clone of twitter. twitter is awesome and it is never wrong to copy success. However there needs to be reason for an app to exist and a copy is not a good reason.
the user experience is worse due to the blockchain. The website only runs with ETH, so safari does not work. Chrome is a possibility in conjunction with Metamask. Every time you want to do something you have to pay, to put it on the blockchain. That is insanely annoying and unless fees on Eth go down to 0.001 or less, who wants to pay for every tweet they make.
It costs to create an account and it cost to create a tweet.
This is a great example why Steem is still King to me. Steem has used the blockchain to create a truly new app and incentive structure. Maybe I do not know how peepeth really works or what the reason for people to join would be.
For me any blockchain or token project needs to have the following criteria to be interesting:
- Is it a new application or functionality that the world needs?
- does the token and blockchain create value that we otherwise could not?
- is there a good toke and economic structure?
For me peepeth would be a "No" in all of these question, while steem has a clear "Yes" in all thee.
I think we steemians need to work on the issues that the steem ecosystem has and be vigilant as competition is on the horizon.
With @steem-bounty we are doing our part to enhance the steem ecosystem so that it can go stronger and more valuable. Steem Bounty lets you add contest rewards to posts. We thus create a new incentive layer on steem that works independently for everyone regardless how much SP we have. We hope this will help all, but especially minnows to get rewards and value out of steem.
Tell me your opinion
What do you think about peepeth and social media on ethereum. And what do you think needs to be done to make steem grow more and become more valuable?
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