With over 1.7 billion monthly active users, it is no hyperbole to say that Facebook Inc (NASDAQ:FB) is the king of social media. Consider as well that the global population is 7.5 billion. Based on this statistic, nearly 23% of the world is actively using Facebook. Frankly, I don’t care what other metrics people use to judge FB stock. What I just mentioned more than explains its tremendous enthusiasm.

A major, potential risk to the social media giant’s dominance is an open-source network called Steemit. What makes Steemit distinct from the litany of social media garbage is that it runs on its own blockchain-powered cryptocurrency called steem.

Why Facebook Inc (FB) Should Fear This Social Media Kingslayer.