an income play, although a huge benefit, may pale by comparison to the capital gain to be had.
This is The Holy Grail. Potentially massive gains. Give the huge runups we have seen with Bitcoin (and with sketchy stuff like Ripple), a real possibility.
Good comment. Once Steemit breaks out into the fiat world including the 3rd, world and the corporate world, I suspect some nice things will begin to happen.
Ah, thx Brian, some good info in here for everyone. I've been struggling when trying to concisely explain STEEM/Steemit to ppl who have zero concept of Cryptos & from reading this, I have a little better handle on the concise part lol. I wasn't doing too badly it seems
I particularly enjoyed this tid bit:
"The wonderfully UNIQUE feature of Steemit is its reward pool and the ability for Steemians to earn an income in Steem Dollars (convertible into STEEM or Steem Power then eventually Bitcoin and cash if so desired) by posting, up-voting original content and curating content. And further, when it’s realized by the masses outside the crypto world that the Steem Dollar rewards are generated, not from the cash in our pockets, but by our active participation on and the design of the platform itself, it evokes a tantalizing, almost universal appeal."
Hey Jay... thanks. But the play here for you, Dan and me in my opinion is to invest as much time and effort as possible and get as much STEEM as we can with the rewards we earn. STEEMIT’s tipping point may be close. We will get an indication soon of when. A key element is the Smart Media Token (SMT). It’s an enterprise (business) play and today that was confirmed. Global Blockchain Technologies - a public company - is investing 20M into the Steem platform partnering with Steemit.com. With the release soon of SMT, communities (very N.B.), effortless onboarding, mobile and now Oracles and Oracle QA’s we should see some movement upward in Steem value. The key to the success of STEEM will be how well and quickly it can penetrate and involve the third world? Mobile there should be big... Asia, India, Africa. There you go, for what it’s worth. Ha!
Indeed Brian, SMT is gona be huge and I'm already trying to accumulate as much STEEM as possible. Just picked up a bit today actually.
You've become quite the Steem expert these past few weeks, I like it ;)
BTW Dan may or may not swing by on his way back to Loo, hopefully we'll get some time to have a post SF coffee or beer and convo, or at least let's do that sometime in the next little bit eh.
This is all seemingly good news my friend. It looks like some things are coming together finally & I'm pretty excited to see the results !
Hopefully all of our "Steem dreams" can benefit from the upcoming events !
Very interesting. It does seem a bit like a Ponzi scheme at times, but I think that is because money is involved. With a Ponzi scheme people get fleeced when they put money in. I will feel bad if my efforts and time turn out to be for naught, but at least I can still feed myself and feel good about my contribution.
Ponzi is an incendiary word which has little meaning when it’s applied to Steemit. I hate using it. Can Steemit fail? Of course it can. Is that probable? No! But, its success is predicated on on a number of factors. However, the Ponzi Scheme arguments seem to boil down to one general prognosis. “Steemit will not be able to maintain ongoing Steemian growth at a level sufficient enough to support the platform and as a result the Steemit will collapse.” Actually there may be some truth in that. However, think of Steemit as a living, breathing entity. It will grow and evolve. We haven’t even scratched the surface in North America or Europe let alone India, African, Asia, orChina. And for some reason these naysayers never seem to mention the enterprise (business) opportunities that will come, in my opinion, thanks to SMTs soon to be released. Then there are an array of Humanitarian opportunities both for individuals and corporation. Remember Steem and Steemit are babies! Bitcoin ran the same gauntlet and survived. So, cheer up and let the platform mature. I believe good things will happen, Just make sure you have some Steem holdings so you can share in the rise in Steem value that will ultimately occur once we hit the ground running in the fiat world! Stay well!
This is a very insightful and intelligent article, no one really knows where bitcoin is going, it's new for all of us. The more we understand it, the more we realize it's a really big deal for the world and it's going to bring major beneficial changes to many industries. STEEM has an amazing use case and the potential for new applications is out of this world. It certainly is exciting to be alive and involved in all of these shenanigans!
Jeff, once Steemit breaks through into the fiat world including the 3rd, world and the business sector thanks to SMTs, things should start to happen. Please just make sure you hold some STEEM so you can share in the gain! Stay well!
Looking good buddy, glad Portugal was kind to you and you made it back all right. Seems to me you have a pretty good understanding of this crypto stuff and what gives it potential and real value. Interesting read, unfortunately crypto currency is like god, if no one believes in it, it ceases to exist, and if people start short selling steem, its value will not hodl.
It was! You would have loved it! People are short selling STEEM. It needs to be more widely held. But the promise of STEEM will be realized once it breaks out into the fiat world including the corporate world (thanks to SMT) and the 3rd, world... but hopefully not until SMTs, the new community protocols, mobile, effortless onboarding and the Oracle and Oracle QA’s Options for the SMTs are released. Just make sure you hold onto some STEEM so you can enjoy the ride. Ha! Give my best to all!
Hi again @brian-rhodes, I see we are very much working on similar topics! I have replied to your comment on my post in regards to the inflationary nature of Bitcoin and Steem. It seems you are quite knowledgeable on the workings of Steem's inflation system and history. Since, as I mentioned in my reply, that I am now delving in to the research of the Steem infrastructure, and how Steem inflation works, alongside it's rewards pool, would you kindly point me in the direction of critical information for me to draw a consensus?
Hey Brian! How are you doing? It was soooo nice to meet you at Steemfest²!!! Today I've published an article about my one and only experience as an actor and had to think about you and your career. Maybe you'd enjoy reading it: When I was an actor once
This is The Holy Grail. Potentially massive gains. Give the huge runups we have seen with Bitcoin (and with sketchy stuff like Ripple), a real possibility.
Good comment. Once Steemit breaks out into the fiat world including the 3rd, world and the corporate world, I suspect some nice things will begin to happen.
Ah, thx Brian, some good info in here for everyone. I've been struggling when trying to concisely explain STEEM/Steemit to ppl who have zero concept of Cryptos & from reading this, I have a little better handle on the concise part lol. I wasn't doing too badly it seems
I particularly enjoyed this tid bit:
"The wonderfully UNIQUE feature of Steemit is its reward pool and the ability for Steemians to earn an income in Steem Dollars (convertible into STEEM or Steem Power then eventually Bitcoin and cash if so desired) by posting, up-voting original content and curating content. And further, when it’s realized by the masses outside the crypto world that the Steem Dollar rewards are generated, not from the cash in our pockets, but by our active participation on and the design of the platform itself, it evokes a tantalizing, almost universal appeal."
Hey Jay... thanks. But the play here for you, Dan and me in my opinion is to invest as much time and effort as possible and get as much STEEM as we can with the rewards we earn. STEEMIT’s tipping point may be close. We will get an indication soon of when. A key element is the Smart Media Token (SMT). It’s an enterprise (business) play and today that was confirmed. Global Blockchain Technologies - a public company - is investing 20M into the Steem platform partnering with Steemit.com. With the release soon of SMT, communities (very N.B.), effortless onboarding, mobile and now Oracles and Oracle QA’s we should see some movement upward in Steem value. The key to the success of STEEM will be how well and quickly it can penetrate and involve the third world? Mobile there should be big... Asia, India, Africa. There you go, for what it’s worth. Ha!
Indeed Brian, SMT is gona be huge and I'm already trying to accumulate as much STEEM as possible. Just picked up a bit today actually.
You've become quite the Steem expert these past few weeks, I like it ;)
BTW Dan may or may not swing by on his way back to Loo, hopefully we'll get some time to have a post SF coffee or beer and convo, or at least let's do that sometime in the next little bit eh.
This is all seemingly good news my friend. It looks like some things are coming together finally & I'm pretty excited to see the results !
Hopefully all of our "Steem dreams" can benefit from the upcoming events !
Very interesting. It does seem a bit like a Ponzi scheme at times, but I think that is because money is involved. With a Ponzi scheme people get fleeced when they put money in. I will feel bad if my efforts and time turn out to be for naught, but at least I can still feed myself and feel good about my contribution.
Ponzi is an incendiary word which has little meaning when it’s applied to Steemit. I hate using it. Can Steemit fail? Of course it can. Is that probable? No! But, its success is predicated on on a number of factors. However, the Ponzi Scheme arguments seem to boil down to one general prognosis. “Steemit will not be able to maintain ongoing Steemian growth at a level sufficient enough to support the platform and as a result the Steemit will collapse.” Actually there may be some truth in that. However, think of Steemit as a living, breathing entity. It will grow and evolve. We haven’t even scratched the surface in North America or Europe let alone India, African, Asia, orChina. And for some reason these naysayers never seem to mention the enterprise (business) opportunities that will come, in my opinion, thanks to SMTs soon to be released. Then there are an array of Humanitarian opportunities both for individuals and corporation. Remember Steem and Steemit are babies! Bitcoin ran the same gauntlet and survived. So, cheer up and let the platform mature. I believe good things will happen, Just make sure you have some Steem holdings so you can share in the rise in Steem value that will ultimately occur once we hit the ground running in the fiat world! Stay well!
This is a very insightful and intelligent article, no one really knows where bitcoin is going, it's new for all of us. The more we understand it, the more we realize it's a really big deal for the world and it's going to bring major beneficial changes to many industries. STEEM has an amazing use case and the potential for new applications is out of this world. It certainly is exciting to be alive and involved in all of these shenanigans!
I agree Great explanation of a number of things and also optimistic!
Jeff, once Steemit breaks through into the fiat world including the 3rd, world and the business sector thanks to SMTs, things should start to happen. Please just make sure you hold some STEEM so you can share in the gain! Stay well!
Looking good buddy, glad Portugal was kind to you and you made it back all right. Seems to me you have a pretty good understanding of this crypto stuff and what gives it potential and real value. Interesting read, unfortunately crypto currency is like god, if no one believes in it, it ceases to exist, and if people start short selling steem, its value will not hodl.
It was! You would have loved it! People are short selling STEEM. It needs to be more widely held. But the promise of STEEM will be realized once it breaks out into the fiat world including the corporate world (thanks to SMT) and the 3rd, world... but hopefully not until SMTs, the new community protocols, mobile, effortless onboarding and the Oracle and Oracle QA’s Options for the SMTs are released. Just make sure you hold onto some STEEM so you can enjoy the ride. Ha! Give my best to all!
Hi again @brian-rhodes, I see we are very much working on similar topics! I have replied to your comment on my post in regards to the inflationary nature of Bitcoin and Steem. It seems you are quite knowledgeable on the workings of Steem's inflation system and history. Since, as I mentioned in my reply, that I am now delving in to the research of the Steem infrastructure, and how Steem inflation works, alongside it's rewards pool, would you kindly point me in the direction of critical information for me to draw a consensus?
Help on the matter is very much appreciated!
God Speed Brethren.
It was great that we have met us in Lisbon @brian-rhodes!
Nice bro. Keep going on hard work!
Thanks.
Thx bian. Youre post nailed it👍
Hey Brian! How are you doing? It was soooo nice to meet you at Steemfest²!!! Today I've published an article about my one and only experience as an actor and had to think about you and your career. Maybe you'd enjoy reading it:
When I was an actor once
Best,
Marly -