For the majority of people when they hear crypto they hear the word bitcoin or to a lesser extent ethereum if they have looked a little closer. If I asked a thousand people in my city what they though of the STEEM blockchain I would be shocked if anybody knew what I was talking about. To be fair, if I asked 100,000 people in my city it would be interesting if anybody knew about what it is.
That is the stage that STEEM is at right now. People know about bitcoin because it has been on the news, it was the first mover in a new industry and therefore it is a household name. We have seen time and time again how being first is a massive advantage. It doesn't even have to be near the best but once people know the brand name they assume that it is a better product since they recognize it. Looking at coinmarketcap and STEEM is sitting at the lowly position of 42 in terms of marketcap. Well below Bitcoin, Ethereum, EOS, and Litecoin which are seen as the big coins in the market.
These numbers tell a story and for a lot of people that is the only story that they want to hear. Price and market capacity. They like charts and numbers and will base a lot of their decisions off of that. STEEM for them is a cute little social site that a lot of people think is a coin for steemit.com and is just a blogging site with a lot of issues and not much to offer in the long run. They could not be more wrong however.
STEEM is going to be the people's blockchain. The blockchain that brings in the average user, the non tech people and the tech people alike. It will be the chain that sees mass adoption, mass innovation and within a few years will offer the most diverse range of use cases compared to any other blockchain that exists right now.
Why am I so confident??
I am confident because I can see the changes happening as we speak. I can see what is being built here and I love it. It is not without fault and not without many issues but these hurdles are being overcome one at a time and strengthening our position every time.
Blockchain stats.
I am a no tech user so for me the stats are a side that I tend to stay away from for the most part. But even I have to sit up and take notice when the chain has zero fee, 3 second transactions. Meaning you can sent value anywhere in the world in seconds without losing any of it to fees. Put that in contrast with any existing system and see how it stacks up. Put that in comparison with Bitcoin, the market leader and see how it stacks up. There is a lot more to STEEM than meets the eye.
Blockchain transactions and capacity.
STEEM Apps
If you take a look at the site,
https://www.stateofthedapps.com/rankings
right now you will see that STEEM apps make up 7 out of the top 10 active apps at the moment. While other chains like EOS, TRON and Ethereum are lauded for having all of the apps and being to the forefront of development. Where they are lacking is in having the people to use them.
STEEM on the other hand has developed apps and grown them through community use. These have been increasing in the past few months and we will see a lot more to come during the year. Not only that, STEEM has developed a broad range of apps that provide many ways to interact with the chain and earn STEEM through their use.
You can blog through,
Post images through,
Videos shared through,
Gaming with,
Gambling with,
This is just a snapshot of what the chain has to offer with multiple other apps covering different areas of interest and opportunity. There are apps like @steemhunt which has recently started it's IEO and offers huge marketing and advertisment possibilities. Soon to be followed by @actifit (Our fitness tracker) and many others. We have a STEEM business alliance which is gaining real use cases for the STEEM token and bringing businesses into the fold. @oracle-d who have been working to bring STEEM to the forefront of blockchain innovation and adoption.
There are also multiple tools and options there for people to build their own apps and projects on the chain and add another layer to this thriving eco-system. So many that I have left ouut but maybe for the next time. It's a lot to get your head around all at once.
STEEM Community
This is a factor which is a lot harder to measure but one which should be top of the list in my opinion. It is the people which are driving all of these projects and without getting in users to be part of the blockchain then there is no point in having it. STEEM is a unique project full of varied and interesting individuals spanning all sectors of technology and the arts. While the project started out as a simple blogging platform the fact is that it has far surpassed it at this stage.
With that in mind the fact that we can all showcase our projects and interact with each other is a huge strength behind the projects. That ability to market your work and gather followers is the reason that the apps have been so successful.
People can showcase the work that they do and create content for the people to see and follow. It's a self sustaining circle. If the work is good it will get support and advertisement. If you have a crypto project, what better place to write about it and get people involved then on a platform filled with crypto users?? There are a lot of possibilities for this going forward for businesses and groups to utilize the community to start projects.
We have so many users involved in reaching and educating the population on what can be achieved through using the STEEM blockchain and all of the possibilities it will offer for the general public. Not to mention some of the work going on behind the scenes in Discord where you will meet some of the best people imaginable who are trying to bring this project to the people.
With over 1,200,000 total accounts and 50,000 unique accounts operating on a daily basis this really is where all of the activity is happening.
Summary
While there are a lot of apps and information involved in this post, I have really only scratched the surface of what we have to offer on STEEM. There are a lot more projects covering a lot more areas than I could possibly fit into one post.
I fully believe that in the next three years we will see a huge shift in the way people use the internet. The large corporations that are taking advantage of our internet use have started to expose themselves for what they truly are and people have taken notice. What we have here is an opportunity to build a new system of use. One that empowers the people through their use and allows them to earn from the value that they add to the system.
That can be done in numerous different ways but people will have the various options for that. At the moment it's all still a bit messy and a bit un-coordinated but it is getting there. This blockchain has the chance to become a blockchain of mass adoption. A blockchain that we can bring people to and let them jump straight in.
One of the major adoption issues right now is the complicated nature of the system but that is being untangled day by day. Like any new system it will take time to get it right but i think that we are on the right track. A day will come soon where people will be operating on STEEM without knowing the details behind it. They will get an account through an app that they noticed and suddenly be part of the eco-system. From there all they will see are the apps that they have joined and the wallet for their STEEM. That is all they will want or need to see to use it.
I think that STEEM has the unique opportunity to on-board people to crypto and get them into a change of use on the internet in a way that none of the other blockchains do. Here there are options for everybody to learn and grow a portfolio.
STEEM is the gateway to cryptocurrency that people just don't know about yet. That will change and the sooner people realise that the better it will be for them. Like bitcoin, getting in early is a huge advantage and will give you a massive head start before people wake up to what is on offer here. And that day will come, sooner rather than later.
For anybody who has not yet joined the system there are plenty ways to join. Through steemit.com for a free account (can be a waiting period). Instantly with @steem.ninja using this link, https://account.steem.ninja?ref=niallon11 (cost $2.50) or i have spare accounts if you want to get in contact through steemit or twitter @niallon11.
If you don't know much about the blockchain feel free to ask me any questions that you have either here or on twitter niallon11 and I will get back to you. If I don't have the answer I will find it out. Either way you should be trying to learn as much as possible about the people's blocchain and getting involved sooner rather than later.
Thanks for reading and feel free to share this across any social media that you like. The more people that can see what we are building here the better.
@niallon11, you pulled everything together in your post. You've identified the impacted apps and shown good reasoning on why Steemit is the blockchain for the people.
Thank you!
Steem was crippled by the change from proof of brain to proof of wallet, imo.
We have dethroned the public face of that mistake, but until we fix the damage we will remain walking with a limp, and there will only be hobbling rather than running.
Long live proof of brain!
Proof of brain was before my time so I'm not sure how effective it was for running the chain. All I know us that when I joined in 2017 the distribution did not work. It was all kept in house between a few larger users. Thankfully that has changed during the year as their influence is shrinking and the apps are spreading out the steem a lot wider.
There have been a lot of changes over the past 6 months so hopefully we can keep fixing these issues until the system works a lot better for the majority of users.
Posted using Partiko Android
It was the same under the n2, but worse.
Until the whale experiment put a 800mv cap on voting, then all the math came into balance.
My vote went from dust to .04stu with under 1000sp.
Stinc hurried up, 8 days, and forked in linear rewards and took out the 4 post soft cap on rewards so haejin could rape the pool.
Before, the 5th post of the day got its rewards reduced, the 6th even more.
With a 500mv cap you will see just how bad the greedy whales are raping us.
When they are removed from the pool the rewards they take daily now gets spread out to everybody else.
Look here.
If anything, this is even worse now that this report isn't produced daily.
I can't say that there are not other drawbacks to the n2, but simply putting a 500mv cap in place does wonders to the adoption rates because the fortunes now being taken by the top ten accounts would get spread out to reach more newbs.
I'm not in front of my computer this weekend to study that properly but from what I can see you have a massive point on this one.
Without doing the maths anything that can spread the distribution of the reward pool among more active users could only be a good thing. The amount of people that we lose at the beginning of their steem entry is crazy. The power of the whales is getting diluted slowly and steadily over time but it would be great to speed that up and get the rewards to more people. The use of apps has broken up their power as they reward people for use rather than knowing the right people.
The reward structure will no doubt get changed again at some point but the people making those decisions will hardly change their stance at this stage and will keep it profitable for themselves.
Posted using Partiko Android
That dilution is their biggest fear.
As dilution increases their power decreases.
Little man disease tells them that less power is the worst thing in the world.
'It's just good crapitalism.'
I know stinc, et al, will take years to dilute, but they can only sell once.
Once they have, I'm hoping proof of brain is restored.
Otherwise, once they get the memory issues cheap enough to run a node, we can organise a fork to restore proof of brain.
Then we can just see if proof of brain can float without a tyrant forcing it on us, eh?
I may be the only one beating a drum, but I'm not alone on the principle.
Vote proof of brain!
Better distribution should be a priority as a large stakeholder. They already have their reserves built up so getting steem into more hands can only be a good thing. I would much rather have 10000 at $10 than 1m at 10c.
Making steem a success and raising the price will help the whales more than anybody. I know steem.inc has a huge amount but they are on a scheduled sell off so that will dilute over time especially since they don't actively use the stake. I was on discord thursday and steem.inc were on talking about the new memory system through mira. From what I understood within the next month it will be possible to run a full node for a far reduced price. Making it profitable for anybody to run a top 100 witness from a basic set up. I'm not a techie but there were a lot of witnesses in the chat and they were very excited about the possilities.
There are plenty more people thinking and talking the same way that you are.
Posted using Partiko Android
Yes, after the hijackening stinc, et al, was very careful to bring some golden boys with them.
They know which side of the bread gets the butter.
Don't expect to hear any dissent from them.
I'd agree with you about the distribution, but it doesn't seem those currently in charge agree with you.
Dilution was a popular topic before linear reaards, not so much after.
I can't say, for sure, that pob, in the form of the n2, is the optimal solution, but the abuse we flag now was predicted, and many former authors just farm self votes, now.
Some made posts at the time.
Remember, these folks think they are doing you a favor to break your game, all the better if your bank comes with it.
Awesome post! You covered all there is to say, the best overview I have seen. This post right here should be an advertisement everywhere. After reading this I see no reason anyone should refuse the invitation to join :D Instant resteem.
Thanks for the encouragement. I know that most of us here know the benifits of STEEM and that is why we are here.
What I was really hoping to do is get this seen by a few outsiders who might have some interest and start looking at STEEM a little closer. Feel free to share it externally and let the people know what we are building here. 💪
Posted using Partiko Android
Great post! Shared this on Reddit
Thanks for that. I'm at home sick and just wanted to put together a post from an earlier conversation. Never expected it to get this kind of traction behind it. Appreciate the support though.
Posted using Partiko Android
Wonderfully written post!
Thanks a million for everything you’re doing for our Blockchain!
You've done a lot more for STEEM than I ever could but as always I'm happy to be here working away. If anything we do today's adds a little value or brings in another user then I consider it a win.
Posted using Partiko Android
Highly resteemed.
Thank you. Appreciate you taking an interest and giving it a little push.
You're welcome.
I always do this when I find an excellent post like this one.
Steem on, my friend.
100% sharing for any curious friends on fb 🧡❤💜 #STEEM on!
Great to hear it. The more people we get interested the better. Every person we can convert is a win. 🤗
Posted using Partiko Android
A good post. But posting this here, albeit necessary as not everyone knows all this here, is preaching to the choir. What everyone needs to do is to go out to mainstream platforms and set the record straight if they encounter blatantly false information about Steem. Much of what little information there is out there on Steem - even in the wider cryptocommunity - tends to be, in @theycallmedan's words, dog shit. It is begging to be corrected. There are tens of thousands of us. That's enough to have an impact in the long run.
I've been told that marketing Steem to the masses is unnecessary as Steem is infrastucture only and of interest to developers at best. I disagree to the extent that Steem has a bad and mostly undeserved image problem among people in the crypto space, too. So, wherever Steem and Steem apps are talked about, please do get yourself up to speed about the basics, if need be, and the most important developments, and simply correct any false information you see spread out there. If everyone does that for a year, our chain and the STEEM price should be in a lot better shape than it is now.
100% agree with you on this. I actually wrote this to share on twitter and try to get more people interested in what is going on. I was hoping that it would get a few shares among the crypto community and get people asking the questions at least.
I have only recently start using mainstream social media again with the sole aim of getting steem more widely known. I know the reason it has a bad name from when it was created but that was a long time ago and we have moved on from there. Every day those original accounts become less and less relevant to what we do here and the apps are a big part of that. They are changing the distribution of steem which can only be good in the long run.
If we all get involved we can get the right message out there and try to correct all of that false info being spread around. As you said we have thousands of people active every day and that can create huge waves.
Posted using Partiko Android
Your point about the bad name of Steem originating from how it was created is a good one. We have come a long way, indeed. Rather than spend a lot of time on certain mainstream social media sites, I'd perhaps prefer googling up Steem and making surgical strikes, cutting the wings off of false pieces of information appearing in conversations.
$rewarding 25% 15 min
That's an interesting approach actually. Especially if you were targeting crypto hotspots. Places that are influential towards the crypto world and the people involved. If you had a dedicated group of people operating in influential areas you could stop a lot of the false info before it gets going.
And while I've heard of hear of plenty people promoting the blockchain I haven't seen many talking about defending it in the way you have been.
Posted using Partiko Android
Ottimo post, davvero!!! Lo condivido subito
Thanks for reading.
Posted using Partiko Android
Great and well rounded summary my friend! I am a bit behind on my feed but Ibam happy you have hit this home run! I shared this on Twitter as well!
Posted using Partiko iOS
Thanks for the support. It's been great to see so many people enjoying the post and giving their opinion. It really seems to be shared by a lot of people on the chain and the popular opinion.
Posted using Partiko Android
Excellent. Just that.
Thanks. It was something I was thinking about before.
Posted using Partiko Android
Pues por lo que veo le falta tiempo al steem
Para situarse en los top de monedas virtuales todavia!!
Thanks for this very informative post. Let me just add that it is important that we identify those with the greatest reach outside of the STEEM ecosystem, and ensure we are engaging them with our upvotes, follows, resteems, and delegations. We have YouTubers on here with over 100K+ followers that don't get enough engagement. Identifying and ensuring these personalities are highly engaged will result in more enthusiasm about STEEM being transmitted to their followers. We should also be looking to recruit more of these types of individuals on to STEEM.
I would fully agree with you on this point too. There is an issue with getting seen in here and it's one which i am hoping that communities will make a difference to. These people have a huge influence over active Internet users and groups which we would love to have on the platform. Bloggers, writers, youtubers.... There needs to be a way to get them seen when they join here as they can do a lot of good for the platform.
We don't have a perfect system right now as a lot of people still use steemit which isn't the most suitable interface. Unless one of the front ends brings in a system to bring the most popular content to the top this will still be an issue. I would hope that it does get sorted soon enough as I have seen talk about solutions being built.
Posted using Partiko Android
That's my initiative, so if you are interested in helping then read my intro post and give us a follow :-D
Wow, what a beautifully put together post.
I share your view that we could be the Gateway, but I don't share the confidence. I don't think our stakeholders and developers are seeing that as a growth path for us and instead of building on our strengths they are trying to emulate other hard to use cryptos.
I think that it wouldn't take much to get into a very good position. I've seen our developers remove a lot of the barriers to entry over the past year which gives me confidence. For me it would be a huge mistake to try and copy other cryptos as we already have a better product. It just needs to be simplified and improved.
At least we have seen a lot more interaction with the stakeholders and developers lately which shows they are trying to take on board some of what we have been saying this year. Some of the chats on discord have shown me glimpses of what could be done and I like it.
Is anything certain? No, of course not. All we can do is try to steer things in the right direction and get the right people on side.
Posted using Partiko Android
Agreed! I love the post and hope it continues to gain traction.
To be fair I think nearly all of that came from you resteeming it.
Posted using Partiko Android
I dropped it everywhere I could think of... Keep spreading the word!
The difference between Steem now and Steem 1 year ago, is that back then we were the only blockchain that was truly being used. Steem was being used by people, ergo it was the people's blockchain.
Today we have less people using Steem than 1 year ago. On the other hand, other blockchains like EOS seem to have gotten significant traction with users (although, even then, it is difficult to tell how much of the usage is real and how much are spoof transactions for PR purposes). It's becoming harder to argue that Steem is ahead in terms of users etc.
True there are less users but I would say that the ones active now are far more valuable to have. Rather than just being here solely to earn a few dollars and run they are part of building an eco system that should grow over the next few years. The people here now are here in spite of the low value of steem because they can see beyond the current price. Other blockchains have gained ground but in my own opinion are still a long way back from what is possible here right now.
The main difference for me is that anybody can earn steem now without chasing a gandful of accounts and begging for votes. Now it is possible to earn through using the apps and grow at a reasonable speed. When I joined it was nearly impossible to earn 10c on a post for weeks. Now with @actifit you can do it the first day and grow from there. There are options on the chain.
Posted using Partiko Android
Nice read up, we all are first movers in this space and the advantages to be part of the Steem Blockchain will only growing stronger as time goes by.
Even 10$ Steem would be joke to its real potential.
Posted using Partiko Android
I'm listening to a chat on steem alliance right now and they are planning big. Bringing in businesses, exchanges, expanding the apps. There is a huge future here and if it takes off the price will follow. With 1 million users, STEEM will get scarce very fast. Then you will see $10+.
Posted using Partiko Android
Congratz on writing a great post and also getting the recognition for it \0/ That makes me really happy. Yes, we can all act like some blockchains are great, but without people who go CRAZY every time a new app is launched... There's not much fun to be held on that blockchain. Steem is very different in that aspect, and I'm glad and proud to be involved :-)
Thanks @soyrosa. There are so many blockchains out there but I really feel we are a step ahead of them. There is so much on offer here and as a community we make a great job out of getting behind it. Its one of our main strengths on here and hopefully can launch us forward. (Post seems to have gone down fairly well alright. 😊)
Posted using Partiko Android
Enjoyed reading, resteemed.
Would like to see this kind of content taking place on tranding!
Thanks for that. In all fairness I would love to see it there myself. People have really seemed to get behind this today which is great. If we can push it outside of steem too would be massive in my eyes. That was my main aim behind it. Just to educate people a small bit more.
Posted using Partiko Android
Shared via Facebook, unfortunately I'm European so I don't use Twitter at all...
I think it is good that we went "down to 43" or whatever - Steem was overvalued when it was in the top 10. It is a fantastic platform with many great things and one of the greatest communities in blockchain - yet, it is not quite ready for the "big time" yet in my opinion. It is more of an awkward teenager... here's hoping you are right that in a few years the whole thing will mature.
You're right on this one. It gave everybody time to rethink and re position within steem. We saw a lot of steem move around and a much wider distribution of sp since the price drop.
Apart from that it gave the developers a kick up the arse to improve the system and make it easier to work on. Since then we can now on board users faster, run the chain cheaper and create tokens for any project. All big wins. We still aren't ready for huge numbers but things are being moved into place for when the time comes.
Posted using Partiko Android
Great information @niallon11. Personally I like the idea of slow and steady growth. The more solid the foundation, the more stable during the down cycles.
Posted using Partiko iOS
I would agree with you on this one. Having a solid and we'll spread out base of users and apps should help a lot more in the long run. When people do come in in large numbers we want to be able to accommodate them and see them stay rather than people here to cash and run.
If we grow steadily as a project then the price should follow as STEEM takes on more users and investors. Steem to fiat gateways will be key so that we can break away from bitcoin cycles and be valued according to our own use.
Posted using Partiko Android
I am as non-tech as it gets
I was anti crypto (It's a scam!! Don't get 10 feet of it!)
And I didn't even really like people
The way I have embraced Steem, the communities, the need to find out more about it...I too think it is just a matter of time...
And reading posts like this, always gives me confidence
Thank you
Who likes people. They're all terrible!
I was the same before joining here. Never a fan of other social sites and pretty much avoided all of it. Then I came here and started posting, started interacting, went on discord and slowly became a part of the community. I have to say it's the best choice I've made in a long time.
It can be tough to get settled sometimes so I always try to guide people along and help them get involved. We will build something great here yet.
Great post that you have written about our blockchain!
Posted using Partiko Android
Thanks for that. It seems to be going down fairly well today anyway. People must have needed a little motivation.
Posted using Partiko Android
You've done an excellent overview here! I'm so glad I know about STEEM now, I'm excited to see it grow and watch it evolve while being part of the community :)
Thank you. There are so many different aspects to steem that it can take a while to feel comfortable here and to find your own path. I know that I still find new paths every week. Hopefully people outside the system will start to realise that as well and start to get involved and see what we have to offer them.
Posted using Partiko Android
Nice to meet you. I am Japanese Steemian. I thought it was a great post to promote STEEM. Resteemed this article. Thank you for supporting Steem community.
Nice to meet you too. I'm glad you enjoyed it and hope it can show people some of the benifits that we have here.
Posted using Partiko Android
Thank you friend for the information much it brought me closer when it comes to the knowledge of Steem currency.
Anything that helps people out is a good thing. I'm glad you enjoyed the post.
Posted using Partiko Android
Highly rEsteemed!
!!@kerrywolf
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After this post, I will no longer dare to attack you on dragwars!!!
I didn't know you had been. Those that still count if I start attacking you?? Just curious.
Posted using Partiko Android
do you want to attack me?!?
do you know that there are many bees?
I don't really want to, but I feel slightly obligated to now. 😆
Posted using Partiko Android
hahahahahahahahah
Nailed it!
Thanks. It worked out fairly well.
Posted using Partiko Android
Thanks for mentioning eSteem app. Kindly join our Discord or Telegram channel for more benefits and offers on eSteem, don't miss our amazing updates.
Follow @esteemapp as well!
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Hi @niallon11!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.947 which ranks you at #4074 across all Steem accounts.
Your rank has improved 61 places in the last three days (old rank 4135).
In our last Algorithmic Curation Round, consisting of 377 contributions, your post is ranked at #10.
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