The naysayers proclaim that cryptocurrency is worthless and is going to zero.
They do not say that about STEEM, of course, since almost nobody even knows about it.
Nevertheless, cryptos took a beating in their price action of late causing a great deal of fear. Remember, the only thing we have to fear is fear itself.
Anyway, I am going to explain something in this post that few really take the time to consider. I rarely see it discussed about cryptocurrencies and blockchain. I really do not think most are aware of the potential.
I will start by stating what most of us already know: in terms of performance, STEEM and BTS are the two leading blockchain and that is it. Nothing else even comes close. Presently, they are doing 2/3 the blockchain transactions in the world without any scaling problems. They both offer an incredible 3 second transmission time with the capacity to handle 100K transactions per second.
This we know.
My question is do you know what STEEM is?
Are you aware of the impact of this technology going forward as we see more of the world digitized?
@ned makes it no secret that his goal is to tokenize the Internet. Do you realize how big that is?
So for anyone fearing this thing is going to zero, relax. Donald Trump will win the Noble Prize for being nice long before that happens.
What is STEEM?
Quite simply, STEEM is going to be the backbone of your digital existence. It will be Microsoft, Amazon, Google, Apple, and Facebook all wrapped up into one. It will also reduce, if not eliminate, much of what the government does for you. That is how big this is.
Remember, when it comes to blockchains, this is a Ferrari while most everything else is a bicycle. In addition to what I mentioned before, STEEM also offers zero transaction fees. Have you ever heard of living in a place where it cost nothing to send money. Someone always has to pay for money transfer. Not with STEEM.
For the foreseeable future, there is nothing that is going to compare with this. Bitshares already has the same abilities and EOS, another @dan project will be going live some time this summer. STEEM and Bitshares do twice as many transactions each day as all the other blockchains combined. Again, as more activity goes onto the blockchain, do you think that amount will grow considering all the other ones have scaling issues? I certainly believe so.
I want you to ponder for a moment all that you do on the Internet. Truly give that some thought. When you do this, you quickly realize what is going to end up on the STEEM blockchain. For those of us on here, it is going to be the central part of our lives. This is much more than a social media blockchain. Tokenizing the Internet means putting all of our online lives on this blockchain.
What will that look like in 10 years?
I will be planning a trip. Before going, I want to take a VR tour to see what things will be like. So I log onto SteemVRTours.com and check out some different places that I want to go. Since I was doing a lot of traveling, I purchased the VRToury token when it came out so when I upvote each video, I get a nice curation. After deciding upon a place, the system books my plane tickets and lodging arrangement. My account is tied to STEEMbnb since I like to avoid the big chain hotels.
While I am watching a documentary on STEEMFlix, my STEEMA, my decentralized virtual assistant, reminds me I have a date with a woman off STEEMCupid. As I get into the shower STEEMA orders me a car from STAYMO. After the shower, I grab the last beer (I am not driving after all) from the fridge. Since I ran out, an order is placed with STAMAZON for more beer with some other items that I am running low on. They will be here in a few hours.
I am amazed at all these different applications which have tokens on the STEEM blockchain. It is a good thing that I am still producing content on Steemit and getting paid in STEEM. This allows me to use any of the apps since my STEEM is good everywhere.
Before getting dressed, I run my STEEMMD (not to be confused with Steemd) scanner across my body. The reading looks good and they are uploaded to my STEEMMD account. I earn another 5 MD tokens for being in good health. I do notice I need to get back to the gym though. While the closest STEEMFitness is about an hour from me, I am fortunate that my local gym has a token on the STEEM blockchain. Hence I get paid to work out. STEEMA puts it on my calendar for tomorrow.
I walk back into the living room when I am notified there is an ad available to watch. It is offering to pay me in some token I never heard of. I ask STEEMA how much it is in STEEM and accept when I hear the conversion. It is an ad for SpaceZ...Ole Elon wants me to pre-book seats on his inaugural flight to Jupiter in 5 years...What will he think of next?
I hear the car pull up. Oh before I go, I have STEEMA check my STEEMSEX tokens...you never know, if things work out with her, I might get lucky. Okay, good, I have enough...have to pay for dinner you know.
STEEM is going to be its own economy. When @ned says "tokenize the Internet", that applies to a major portion of all economic activity. That is why I asked you to really ponder what you do on the Internet. Anything you can think of will have an applicable application on this blockchain. While some of the examples I just gave seem far fetched, they arent. There are people who are thinking of how to make those things reality.
STEEM is going to be a nation with its own currency, economy, communities, and businesses. At some point in time, these "nations" will hold more importance in our lives than the geographic ones that enslave us. We will volunteer for this nation which will offer stuff to us instead of taking away. Our support and participation is all voluntary. All contributions are recorded so as to provide compensation. One is free to come and go as seen fit. The individual is valued as opposed to being seen as an entity to control.
These are some of the happenings that are going to be taking place. It is best to remember that we are at the very early stages of this technology. STEEM has a great foundation in place.
Let us try not to get distracted from that fact.
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The potential here is pretty crazy. Even with upcoming SMT's we are going to see immediate changes, with companies able to make their own tokens, but you could very well be right in thinking that eventually everything is steem based. I mean, we already have instagram youtube facebook twitch and twitter. Skies the limit with this one.
I would like to hear how you feel BTS will advance. I feel like it has amazing potential, but I'm not sure where it's going right now. The quints seem awesome, but I'm not sure what else I'm excited about in the short term. What are your thoughts?
Bitshares was created as a financial blockchain. Its main purpose is to take the financial system and toss it on that blockchain. Like with this blockchain, we look out at the Internet for what is possible, you can do the same thing with Bitshares and the financial system. Anything is out there, is possible to go on that blockchain.
I think you are going to continue seeing new ways of financing projects. I believe @stan hinted at an upcoming announcement at some point where a company uses its future revenues to create a financial product that pays a standard 5% but lets people "own" a piece of that revenue stream.
Interesting. So far I feel like BTS has a ton of untapped potential, so I'm still waiting on it. I'm ready for some news or an update on it, I was hearing about bitcoin latina but haven't seen anything since. Reddit community is pretty dead, but there is a lot more positive talk about it here
I got my airdrop for bitcoin latina if that is any help.
I don't think I did, what did we need to do for it, just have a bts account? Maybe I messed that up
Leave the naysayers we all know that crypto currencies like steem are not gonna crash so what I do think we should do is to keep promoting the messages of crypto currencies and how to invest in them to friends and foes then surely it is not gonna crash
Actually we dont even need to do that. As long as development keeps occurring, we are golden. There is going to be more activity on these blockchains in the next few years than people will be able to comprehend.
We are going to see a major move towards this end. A great deal of what people do in the future will be on blockchain, whether they know it or not.
You're totally right.
Let's see how it goes and hope for the best
A very romantic post. To be honest I hope that it will not get that far. My answer is not based on Steem but with all the possibilities of the internet. The picture you have drawn scares me a little bit.
Why does it scare you?
Well it is hard to say. When I read your post I was thinking about the movie Total Recall.
I do like evolution, can prove that by the fact that I am on Steemit. But the ideas of the future gives me the idea that while everybody focusses on more privacy these days, the privacy is just thrown on the blockchain! It gives me the feeling that everything is controlled and done for us.
It also reminds me on the fact that AI and selflearning programs can really give added value to our lifes, certainly in the health care industry, it will take away our impulses.
The world you describe give me the feeling that the internet related things will govern the world.
Like I wrote, it is hard to describe but I hope it gives you a little insight in my ideas!
As compared to corrupt people who govern the world right now.
Are you afraid of losing your freedom having everything decided for you?
If that is the case, perhaps look at all that is decided for you today. People do not realize how much of our lives are controlled to the finest detail.
The difference I see is that people will be volunteering for what they want. Instead of having to adhere to certain rules and live in a certain economy simply because of where one was born, one can opt under what conditions he operates.
This is a large step forward in my opinion.
@taskmaster4450 I’m married so I already lost freedom of decision 😁
While you are right that most governments are corrupt, I don’t have the feeling that my life is too much controlled. On the other hand our life is full of influences by lots of things, news and people, which sometimes is good (eg family, friends, and so on), sometimes is bad.
lol I think you have a good point. I do hope there is an off the blockchain alternative to steemit even if you don't make money. Overall I think steemit is a great platform but yeah we do lose privacy. We lost privacy with Facebook though and now we can make money so at least there is that.
I think the two biggest success factors for steem are first it's speed. You have to be able to accomplish a lot of transactions fast and steem fits that bill. I think this is one of many downsides to bitcoin. It is just to slow
Second I think the fact that steem has no transaction fees is a game changer. If you have ever tried to send money you quickly realize it takes along time and it is very expensive. Steem is fast and free.
I agree the possibility are endless. I cannot wait to see what the future has in store.
Haha very nice predictions how everything will be in 10 years! Steem is definitely going to be everywhere!
Can't wait for all that to happen...
I think too many do not quite grasp how much of our lives are going to be digital. Basically businesses that are not going to the core and rebuilding everything on a digital platform will die off. Of course, all new businesses are being erected like this.
That means we are going to see a lot more activity on the world wide networks. So tell me, when one has zero transaction fees and is able to process 100K transactions per second, where do you think a lot of this traffic will end up? Scaling is a major problem for the other blockchains at this point meaning the developers who are drawn to this are operating on a chain like this.
@ned's goal of 100K entrepreneurs on here in 5 years will really create a huge economy. Of course, using exponential growth, where does that put us 10 years from now? 250K? 500?
There is no telling how big this thing can get.
The one man STEEM promo machine continues :D
Right behind you with the potential here, all we have to do is wait!
Woooowwwwww...the future is bright!
But as you exit your latest VR trip, your eyes ready to adjust to their dark surroundings, you shiver. Steembot stands over you, leaning close. Its calm, green eyes flicker slightly, only inches from yours. The pain in your shoulders explodes into consciousness. Pinned to the bed, helpless, you try to verbalize, but Steembot beats you to it, BALANCE ZERO, ACCOUNT TERMINATED. Lights out.
LOL! I'm with you on a bright future for Steem, but let's not get too carried away, too soon! ;)
You were the one who brought up sexbots, not me. 😀
LOL
If you’re even 1% right, early adopters are looking at huge wealth.
If so, anyone here now needs to be using the Steem blockchain every day. Without fail.
This could represent generational wealth.
I agree @preparedwomabt. We are looking at generational wealth perhaps.
That is why I am also so involved in Bitshares...I believe that offers the same ability.
Totally agree @taskmaster4450.
STEEM have a huge potential and we need just more people knowing about this platform for this platform transform the life of everyone in this planet.
I love that, since, even now that justa few people know, it's helping me to up my lifestyle in Brazil.
Congrats on using STEEM to up your lifestyle.
This is the potential of blockchain and cryptocurrency. People all over the world have the option of increasing their standard of living.
Reminds me the Newsweek article with the headline, "Why The Internet Will Fail" :) Internet is still here and not going anywhere soon :)
And I believe Newsweek is gone...or just about.
Haha I agree :)
LOL That made me laugh and spit my coffee all over my keyboard...
Great analogy though and one of the biggest 'unknowns' when it comes to speed and transaction time. Everyone is fighting for segwit and lightning network and here STEEM is....Ferrari speeds :)
Appreciated the vision of the future too...Made for a great sci-fi book but what's great...That very well may be science fact in those 10 years.
Exciting times!
I've thought the same thing you're pointing out in this post, especially with @ned having a goal of 100,000 entrepreneurs on Steem network within 5 years. That's 100,000 different tokenized platforms all using Steem. If it's on the internet it can be added to the Steem blockchain and everyone can benefit.
Do you have any pictures of the woman? Do you wanna buy some?...I take Steem as payment!
You really explained that perfectly Task. I can't wait for this to happen and it's just around the corner for our new Steemians. Upvote, Comment, & Resteem the perfect combo. 😎
I like the part where you speak about what Steem will be like in 10 years time! It's very funny how you said about wanting to go to different places and you would hop into the VR to see what it's like.
On my separate account @cybertrippy I am uploading videos of myself going into Google Earth VR and checking out the sights in different cities. I'll have to keep up with the idea and see where it goes!
Another great post pal, it's amazing how much potential we have here. Something for everyone and so many submarkets for the future entrepeneurs of Steem to tap into.
REsteemed. Loved your quip about Trump. Made me laugh.
Oh my! What an incredible world we are creating. My main concern is Virtual Reality. Those who predict such things say that by 2040 the VR experience will be indistinguishable from reality. Who would rather stay in a boring, robot modified life, with little motivation to do anything because of a universal income as compared to VR that will offer power, sex, adventure, rewarding relationships, and a sense of wholeness?
Anyway, fantastic post. Appreciate the insight and encouragement. Count me in.
"The only thing we have to fear is fear itself" - Franklin D. Roosevelt - March 4, 1933
Dollar is not backed by anything, since former US President Richard Nixon removed the gold standard, STEEM on the other hand is backed by blockchain technology.
I started using Steemit only few weeks ago, and I'm already addicted. You're a great source of information @taskmaster4450. Even with the bearish crypto market that's still going on, I'm fairly enthusiast about Steem's future. Some says that, 95%-99% of coins might survive more than 5 years, but I firmly believe Steem will be one of them. It doesn't just promise things, it's already up and running, and keep improving.
BTS? Bitshares? I'd probably bet on Litecoin over bitshares since that Litepay is coming out.
Litepay has the same issue that all those blockchains have. The litecoin can only handle less than 20 transactions per second. Plus, even though it is less expensive than BTC, it still is a lot higher transaction fee than BTS.
And I say this holding a fair bit of LTC myself.
Right now it looks like it is averaging .5 per second. 35 cents doesn't seem too bad of a transaction fee if you are doing international transactions but yeah it does seem like sbd and steem are better options.
https://bitinfocharts.com/litecoin/
such an amazing post @taskmaster, you are absolutly right and for sure STEEM is going to be the backbone of your digital existence. moreover we are lucky to have this amazing platform wich as soon as possible steem will be a nation with its own currency, economy, communities, and businesses. At some point in time. thank you for this amazing post.
good pridiction! Steem is going rapidly toward the success keep sharing you views and analysis with us
I wish you all the best
Steem is backed by blockchain ...it wont go down..that is what makes it different from others...
Classic case just yesterday when Steemit (the site) went down but you still access the STEEM blockchain via the linked apps such as Zappl, Busy, Dtube - the STEEM blockchain never went down :)
Yaa that things keeps us alive and i guess we keep each other alive (steem & steemians)
If you work steem your future bright ..
What can I say, I mean steem as a token has a future and we certainly have started to rub the odds on how steem will go very far in the means of distribution, exchange and business transaction
However some people keeps predicting doom
While I agree that this is exciting, I must admit that I don't necessarily love the idea of one online blockchain controlling everything I do. Convenience doesn't mean that much to me, especially when there is only one or two main people who will control all of this. Ultimately @ned holds all of the keys to his creation, and while it is set up to be more of a community effort, he still has final say as to what happens. Isn't having a decentralized website in the grasp of just a handful of people just as dangerous as a centralized website or government even? I think we maybe want to believe that decentralizing solves all problems, but ultimately that isn't even true now. There are still those in power, and even with spreading out the website through decentralization, people still abuse that power. One of my friends is outright gone now because an ahem particular whale decided to flag him into the ground. Do we really want to connect this system to our personal lives? I don't know if I am down for that, especially if we don't fix this power struggle we currently have. I am not sure how tokens will change that, so maybe I am speaking from a place of ignorance, maybe the tokens work differently than the current control of SP/SBD that the whales have? I will have to look more into that I guess before I speculate, though I am still extremely skeptical...it's just kind of my nature.
Hello there! Nice post, once again.
Now, can I ask you guys a favour...? Please look at my profile and give me some hints. Am I doing anything wrong here? I find it disheartening to post ... and receive nearly no votes.
If there's something I can improve on... let me know.
well, i just went thru ur blog, and u have some interesting posts....one thing i noticed tho-u dont have any steem power apart from the one that was delegated to u whn u opened ur account....u need to do better than that @trincowski .....buy some steem and power up! secondly as a newbie, its advisable if u set out some funds to promote ur best blog posts, u can use the bidbots; this would give ur posts more visibility and hopefully u get some followers, maybe some whales or dolphins to upvote ur work once in a while....lastly, from my little experience here, u need to cultivate personal relationships by joining forums on discord and also making meaningful contributions to the work of others....i hope this info helps u out a lil.cheers
Buy some Steem and use it here? Thanks, I'll consider that.
That would be great, i will share some helpful posts with you on your most recent blog....cheers
Hey, looks like you're in a similar place to me...fairly new, no audience. That's the key - your audience. You've got to do something to attract more people to your profile. Commenting can get you noticed, but not by asking to be noticed...you've got to try and add to the conversation.
I'm expecting a slow, hard grind, but I'm hoping that as time passes, I'll start to get some traction and it'll grow quicker. It's always the same way, starting on any social network - you need attention. Getting involved within the community you want to attract will help - find people with the same interests as you.
That's just my 2c, hope it helps. Good luck :)
Yes, that's what I'm trying to do... I guess I need to keep doing my thing, be patient and wait.
Maybe start with commenting on the content of the post. A nice post comment will not get you anywhere on Steemit!
STEEM is backed by a thriving community and top-notch code. Steemit has intrinsic value - value contained within. Unlike the volatile price of STEEM, the intrinsic value of Steemit can only increase steadily over time.
Oh man, the steem hype articles are back :). Though we are looking a bit iffy on our trajectory for that 100$ per steem goal by the end of 2018
Steemit will always keep sounding, thank you for this great post
super. Write your feedback if you like.
What I love is the community aspect of Steem, and to be honest it's great to be rewarded for sharing posts.
Personally can't wait for Stamazon, StEtsy (have stuff to sell myself), SteemBnB and oh, Elon to invite me to his SteemJupiter expedition of course. Would be cool to send Zaps live from space huh.
I honestly am really looking forward to watching the switchover in Technology into Blockchain... I think we are about to witness something never before seen. This literally is like having front row seats to the invention of the Wheel!
d
While there are so many more coins out there aim to "tokenize the internet", I'm not sure which one will end up winning the race. At least what I can tell is that Steem really stand a high chance --- opinion from someone swimming in the sea of Steem community long enough.
Another great advantage STEEM has over all other cryptocurrencies is that we are already creating a "nation", with our own communities where we "know" each other, where we are "dedicated" to each other. And unlike all other cryptos, STEEM, is based upon personal relationships and backed by real labor.
Love your vision for the future, followed.
Steem to the moon!
I felt like in a VR machine as you described the future of Steem. Fascinating!
If this future is only half true, I'm sure glad to be here now, early compared to the vast majority of new users. The potential is there, you've stated a lot of facts which are currently true, so there's a very solid foundation to build a bright future.
About your story though... You were in the middle of all those Steem-based businesses. I missed the competition. I hope it's still there in the future! :)
I started reading your article excited and as I read I felt like I was in a sci-fi horror show where I've become a robot 10 years in the future.
I'm kidding though, it's certainly an interesting vision. Great article as always man.
Wow! I like how you described the examples of being in the STEEM blockchain in the future like STEEMA, STEEMSEX, STAMAZON. If this is the case, STEEM will be the dominant cryptocurrency in the world giving tokens to us freely while we do meaningful activities. Upvoted!
Hi @taskmaster4450 I am sure this post about the Steem nation and economies will inspire many people in and outside the crypto world about the steem blockchain potential and what it can do!
Thanks for sharing your great vision!
Regards, @gold84