I dont really see the move towards a cashless society taking off .. it could be some inner illuminati want to take away cash but I think the traditional use of cash is too ingrained to just be overturned with some new laws. Therefore I think there will always be this relationship between cryptocurrencies and fiat .. crypto is for speculation and alternative economies and fiat is state-sanctioned money. For this reason crypto will most likely always operate on the margins of society as its large-scale adoption threatens the current big banks model and they are too powerful to switch over to crypto.
As far as making a living off Steem, it seems to me that the chances are growing slimmer for new users. Also being a Witness or a media spokesperson is the only way to ramp up the earnings. Being a witness requires programming skills and investments. I hear EOS is planning a new Steem-like platform .. is that true? Too many competitors will make life difficult for Steemit, especially when the value of crypto is low .. so I'm not so certain about the future of Steemit .. what do you think? Do you feel more positive about it after returning after a long break?
Apparently. I hope so :D
Not too positive. There wasn't all the vote buying when I left... the platform might have more users, but I don't see improvements in general...
I guess I'm worried if more Steemit like blog sites pop up, the pool will become too diverse and there will be less money to be made everywhere .. right now it's good that it's concentrated. If Dan Larimer has abandoned Steemit and gone on to make a competitor, that doesn't look promising. And what about SMTs, are they meant to compete with EOS/Ethereum? I don't really understand the focus on introducing a new token (SMTs) instead of fixing structural problems with Steemit .. I guess we're coming up on a hard fork soon, we shall see ... but the management is more interested in tokens than blogging/social media, I think that's pretty clear ...