The term, unicorn, has different meanings in the business world: In the venture capital industry, a unicorn refers to any tech startup company that reaches a $1 billion dollar market value as determined by private or public investment
Does that mean that the top 14 cryptos are unicorn businesses as they all have a market cap over 1 billion?
We are all searching for a unicorn aren't we and those on Steem should remember that for some time, we were a unicorn startup when only a year and a half after the first block, the valuation of Steem was around two billion dollars. Of course, market cap isn't real when we are talking about cryptos at this point as it is largely speculation with zero tangible goods out there.
People spend so much time looking at price when it is very rarely indicative of reality at all. Even in the "real world" where stock prices are seemingly defying gravity and keep climbing while the companies they represent are issuing earning warnings. What does it mean when the market doesn't listen to the warnings of supply and demand? Nothing good. Well, nothing good for those who are going to get crushed in the trap of getting dumped on by the real players.
These days, the term for unicorn has been bastardized as Facebook does things like buy a chat program for 19 billion, which is ludicrous. Yes, it is worth it for them - which is ludicrous in itself.
However, I think that me investing into Steem is going to be one of the smartest moves I have made, and although risky, I believe it will end up paying off immensely as long as I can keep my shit together and ride the waves patiently and actively. Active is something I value highly on steem in myself as it keeps me engaged and in touch with my investment, not just someone trying to get them gainz with no work in.
How I see the future of Steem is that while the blockchain will continually develop for security, scalability and reliability - the layers built on Steem will continually increase and expand their tentacles through the world, through communities, through countries, through economies and integrate and become key points for people's daily lives.
This means that through usage, the Steem blockchain will send its grappling hooks into lives and, draw value toward it as people want to attach their financial capabilities to the Steem blockchain in various ways, whether it be in the form of a bank type of interaction or the tokenization required for a game.
With all of this diversity, Steem doesn't get unicorn status by offering a product or even a service, it gets it by being the infrastructure for startups and potential unicorns themselves to build upon and leverage in a multitude of ways. It is very possible that some of the applications built on Steem will eventually break into markets tand explode in usage and value, which is why cleaning up signups is important -and why the chain development for reliability, scalability and security are vital.
Steem becomes a collection of startups and an entrepreneur's dream as not only will there be a lower barrier of entry, there will be funding and and a community of potential users already established and, some of those users with themselves have the means to add their form of venture capital into the development process - for a percentage of course.
Percentage of ownership is a valuable component of steem and it is part of the reason the dPOS is going to be such a key component of the success as not only is it set up to take advantage of the STeem pool, but it also allows for the calculation in the same manner for extended projects that can be invested into on the layers above the infrastructure level.
Learn it, love it.
I keep telling my wife that, one day - Steem will do its thing and move from the mythical potential to a beast that will be unstoppable due to the decentralized nature and the immense amount of value that will transfer across the blockchain.
For those that might be struggling with the conditions now - get your game face on - perhaps a unicorn mask will be a good fit.
Taraz
[ a Steem original ]
Totally agreed.
It is tempting even for us who have been here a while to be discouraged with the price of steem right now. It is the same inklings I get when bitcoin is correcting and hasn’t established a bottom yet. The lower the price gets, the less risky it is to invest in moderation. But that is just the value of the token.
The value of the community which grows everyday is the key. This community would not be there but for the value of the foundation that was built in the form of the blockchain.
You take this foundation and add community and you get steem-engine, tribes, and all of the other exciting developments....and we are just getting started.
Amazing what can happen when we get tired of blaming steemit inc and put some work in.
Steem is just building up steam and wealth is transferring into the hands of the next generation of leaders. Let’s go!
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Over the next few weeks I'm going to be spending a fair amount of time trying to understand the steem block chain better. I would like to be more involved and active not only for my own benefit bit for the good of humankind and the next generation. The more I understand how this all works the better I can be of service.
I believe steem has the potential to be something great and used to break down barriers.
Steem has a chance to not only out shine its own potential but to allow others to realize their own.
I think I feel a post of my own coming on here...
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Write away, write away. Don't stop.
That's the future I hope for right there
Without the bad grammar I hope :D
Maybe a fallen unicorn as I remember being well in excess of $1 billion when I started! The path has been set to get back there and while it may not completely be our Steem token as other tokens create their own ecosystem based on Steem.
Posted using Partiko iOS
Yeah, it closed in or just passed 2B, but I am confident that at some point, that will be eclipsed by a long way.
Can mine suffice and would be allowed in this contest as to uplift everyone boats to the moon?
I look much like that dog most of the time.
I like your idea! Ultimately, we can make the Steem platform a Unicorn.
I'm with you. I keep a simple rule of never powering down and occasionally powering up.
I have the simpler rule of power up. :)
Fun fact - The unicorn is the national animal of Scotland
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Great job!