Too many people look at Steemit as a reflection of STEEM. It is wonderful that Steemit.com is growing. However, it is imperative to remember it is simply an interface into the STEEM blockchain. STEEM is the currency that is used on the blockchain of the same name.
Steemit is not STEEM and STEEM is not Steemit.
People seem to want to let their view of STEEM be isolated by what takes place on Steemit. While it is the first app designed on this blockchain, it is still just that: one app. There is so much more to this.
Of late, I posted the Alexa ranking of D.Tube to show how much that is changing. While the app is still working out some of the bugs, the development team over there is doing a great job. Nevertheless, I posted these rankings about 9 hours ago:
This is the ranking as of now:
As I have repeatedly mentioned, what is most interesting about this is not the ranking as such but the pace of the growth. Looking at the chart, it is almost a straight up path. Over time, we should see this level off a bit yet it is impressive how that site has moved considering it is a little over 3 months since it first ranked.
D.tube was helped out great by a delegation of 1M SP by @ned. This took place a few months ago and was designed to help attract YouTube users. With so much voting power, @dtube is now able to give significant upvote to powerful YouTubers who post their stuff on here.
I bring this point up because Steemit.com is in the process of powering down. It has received over 5M SP out of the 71M it will receive over 13 weeks. This is a major move of which nobody from Steemit is discussing.
@preparedwombat wrote a great article about the money trail and following where it ended up.
https://steemit.com/steemit/@preparedwombat/more-about-the-huge-steemit-power-down
And if you go to https://steemworld.org/@misterdelegation and click on the Delegations (Out) tab, you’ll find a 500,000 SP delegation to @busy.pay that was done today. As well as several large delegations to @dlive, @dmania, and @dsound all done exactly a week ago, not long after @steemit’s power down started.
So Steemit, Inc. is delegating lots of SP to these, much like it did a bit earlier with @dtube.
This is wonderful news for those who are holding STEEM. Again, it is easy to forget there are many other apps on this blockchain that have the ability to attract users. These users do not have to be on Steemit for us to benefit. Their presence on the blockchain means that STEEM will be more valuable.
Let us take a look at some of the other rankings:
Dmania.lol
Dsound.audio
Once again, the rankings might not be that impressive but the pace of growth is. Look at Dmania,it has a growth curve similar to D.tube in October and November...straight up. And Dsound, after a pullback, seems to have regained its footing.
And now it appears they are getting delegation from @steemit to further pursue opportunities to bring people onto this blockchain. That is only going to benefit the owners of STEEM. Remember, all transactions on this blockchain come with no fee. However, they do require bandwidth which must be purchased. And how is bandwidth priced? In STEEM.
It is easy to get caught focusing upon the application we all utilize daily. Nevertheless, this is just a small piece of a much larger entity.
Think of it this way.
Android Operating System
Apps:
Gmail
Chrome
Maps
Drive
YouTube
Hangouts
Steem Blockchain
Steemit
Dsound
D.Tube
DLive
Steepshot
Zappl
Dmania
While not a perfect comparison, it illustrates the point. Thinking of Steem as Steemit is akin to identifying Google as only Gmail. It is only one piece.
There now appears to be a major push to lift some of the other apps to prominence on this blockchain. Remember, they are all part of the same entity in the sense that the value is in the blockchain, not the apps. Holders of SP will benefit by the advancement of any app(s) since they are all part of the same ecosystem. The same will be true for all tokens created using the SMT protocol.
Over the next couple years we are going to see hundreds of apps added to this blockchain. Some are going to be wildly successful, others not so much. Nevertheless, all will benefit the holders of STEEM.
I hope this helps the next time you get down on Steemit about something. Looking at this through that lens is missing most of the picture.
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I did not know that.
The magnitude of those developments is huge.
Very nice article. Great job!
It is always good to see you my friend.
It is hard work trying to keep abreast of both STEEM and BTS....but I know you are counting on me to keep digging up the info. LOL
HODLing strong during this pullback....I hope prices stay down for another week...I have some money being moved and want to add some more to my position....I was hoping to get more BTS at .20...not looking like that will happen though.
Excellent point made and indeed Steemit is but one interface and application of the Steem blockchain.
I'm pretty excited by SMT. I have been wanting to make use of DLive and Dtube to get some of my Twitch and YouTube gamers to switch over and have been supporting @acidyo on this.
Steepshot and dMania is going to be massive because of the ease of use and integration.
Exciting times to be creating content, getting Steem and enjoying the ride in the next 6 months to a year.
Great to see all this growth, I got in at a good time :)
I think Becouted.com, by @bescouted is also worth mentioning!
You might want to edit the Dmania Turkey printscreen to USA stats!?
Alexa shows the ranking of the top country.
Dmania ranks best in Turkey while it is 500K+ in the US.
Again the numbers are secondary to the growth rate.
Oke, didnt know that. I thought I was just a 'setting' to show X country...
Thanks!
Thanks for the overview, I'll have to take a look at the other apps that operate on the STEEM blockchain.
Speaking of powering down, is it an all or nothing process? Are you able to power down a portion of your SP?
You are free to power down however much you desire.
That is totally up to you...some all or none....
So far, I am in the none category.
Same, just never tried powering down. Actually scared to click the option in case it just powered down my entire account. Thanks for the info!
You can always cancel a power down...even if you hit the entire thing, you could reverse it.
I love Steepshot... a great app
Yes you do @davedickeyyall.
You do use it a lot.
I wonder how appics will compare to it.
Idk.. but Steepshot is pretty easy to use
I can't wait to see ever more robust systems built out on steem. At some point here soon I feel like we will have competitive sites that will really take on every other social network. Heck if not build something even more unique that has yet been released! Many creative minds here
I dont understand what you mean by competition sites...
What are you referring to?
ong.social? @taskmaster4450, what do you think?
I think the real unlock of value comes through connections and overlap between the different apps built on the Steem blockchain.
At the moment Steemit is a blogging platform, but by building out more emphasis on sharing, and discovery of content, and possibly opening up mini-chat modules on a per-post, per-topic or per-following basis they could create a hybrid of Reddit and Facebook, with YouTube thrown-in for good measure.
There are so many possibilities, but [speaking as a newbie], there needs to be a real push towards making Steemit simple to understand and ultra-easy to use and "get into". Because that's what's held Twitter back - new users struggle to "get it", are put off and don't come back.
For those of you who've been here a while, you can take for granted the knowledge of the platform you've grown with. But for the average new user, there's a lot of learn and if they don't see immediate payback or traction, they won't come back.
Steemit needs to retain more of their new users. I'm not sure how they'd do this though, because I think a lot of people are being attracted by the likes of @jerrybanfield and his excitable hype and the promise of untold riches (which they see others getting), but find it's harder work than they thought.
Yes it is hype. And @jerrybanfield does a wonderful job marketing the site yet I agree with you...promising easy riches is not the path to take. In fact, few have the following that Jerry had when he came on here.
Nevertheless, we are experiencing a rapid growth rate of the daily users....so there is some retention...could the site do better? I am sure. Although I will guess those people who sign up and leave will be back...many of them at least...and regret not getting involved now.
Things will only grow from here which means their path forward is going to require more work.
Too true. Problem is that most people want short-cuts to success and the easy path. As soon as they find out it's hard work, they're on to the next. Look at YouTube - unless you're lucky enough to catch attention quickly (which very, very few do), it's a hard slog with next to no reward for months, or even years before you get any traction.
But the number of "overnight success" stories on YouTube you hear where they'd been posting consistantly for a long time before their success! The beauty of Steemit (and DTube) is early-mover advantage, but your content has to be good too!
Here's to the future!
Very true although, with YouTube, I would say the system is against them.
At least with Steemit, the hard work will pay off if people put the time in....over time, one does get followers and noticed. That will assist in getting more SP.
Thank you so much for your post! I'm one month in here and thankfully know the difference between steemit and steem :) I think some new users are so overwhelmed with the content/blogging/commenting etc that the "wallet" part gets put on the back burner. Everyone should however learn the basic vocabulary! After reading through the comments here, I too agree with your thoughts on "their communication with the users leaves a lot to be desired." That's why I find users like yourself who can clearly explain all of this; it really is invaluable information to someone like me (and no that's not gratuitous flattery:) So..thank you again!! Cheers!
Honestly, I didn't even know about these. I heard about Dtube and used it a few times, but I thought it was just built on top of steemit, not completely separate from it. Steem's potential is much bigger than the first glance most of us give it. ANd the first glance is basically potential for reddit on steroids. And reddit is ranked what, like top 5 websites?
I find myself using more and more non Steemit sites that plugin into the Steem blockchain
It's really great that all those apps are successfully growing and benefiting STEEM all together. I never looked at it this way. The more successful apps we have, the more beneficial it is to hold STEEM. If the growth continues at such pace, we are going to see some serious price numbers soon enough!
Yes @trendo. As you are aware the value is in the blockchain which is a different mindset for many. There is no competition because holders of STEEM benefit no matter what app people are using. This is why the google boys and Zuckerberg are so rich...everything that takes place in their world is there. Of course, Android is much different from Facebook although that is taking on the persona of a quasi-OS.
I feel very confident that there will be many homeruns on this blockchain. It would not surprise me if someone developed an app to go after Facebook...since Steemit is more of a blogging site mean to take on Reddit.
Your explanations make everything so much easier to understand. Thank you.
It took me a while to get my head around the fact that Steemit isn't Steem and that people can see my wortk on all forums attached to the blockchain. That actually gives me more faith in powering up as they are all one and the same just different interfaces. Rising tides lifts all boars. Thanks for clearly identifying this. It's very hard to get lost at the start.
@taskmaster4450
This was about as indepth of
The "futures" of Steem and its amazing potential growth, that it has reset my reality about how big you are really talking about, which I surmise is big really big.
And as you so accurately predict, the 3rd party architecture and the plethora of apps, dtube, steembay? etc are a fine fine golden data mine for Steemians to look forward to gleen. I am holding on to my Steem.
Excellent in depth analysis!
Thank you for your time and creative energy!
You get the Steem Swim award! Come on lets go!
The whole 'steemit is not steem' thing is something people need to be more aware of.
During the recent reward pool rape controversy people keep pushing for a post limit. They aren't considering all the facts though. Steemit is not Steem.
Other apps on this blockchain such as Zappl and Chainbb are designed for short form content. Putting a daily post limit on a bulletin board and a twitter clone would render them all but unusable.
Then there is Dmania. Serious meme makers might get on a kick and release 10 memes one day. Putting limits on these things limits growrh and will stifle the advancement of the platform as a whole.
Thanks for the post.
Keep Steeming!
It's a key distinction that I think many have missed. Resteemed to hopefully bring a little bit more attention to the fact that STEEM is not Steemit and vice versa. I was explaining exactly this to my wife today as she created her Steemit account and decided to focus on video.
The steem ecosystem is growing and it’s very good for us!
Steemit is like the central app because everything you do on the others are also posted on steemit, so even though steemit is not the same as steem, it’s the center piece of steem ecosystem.
@taskmaster I've been following @preparedwombat after your other post... you guys are on the ball. I find the power down really intriguing - mostly because it's happened so quietly.
I'm still learning all about steem, but I'm not quite sure how tokens fit in to the steem economy.
It is actually par for the course with Steemit....their communication with the users leaves a lot to be desired.
It is one area I wish they would improve upon but, then again, they are techies and communication tends not to be their forte...if you want it told, give it to the marketers...the techies are too busy creating and fixing code.
Steemit is going to catch up with Google in the next couple of years. Google must up their game or else Steemit will definitely engulf them in the next decade or so.
The reason is that as you said more applications can be built on the STEEM blockchain making it the most flexible to work with. This blockchain will reign no doubt in this decade.
Nice article there as always. Upvoted!
That is a rather bold proclamation....I like it.
Not sure Google is the target but you have a valid point.
This.
I've seen so many people talking about Steemit but they've said Steem instead and several even well-known authors have mentioned Steem when they're talking about Steemit too.
One is the awesome platform we love the other is the currency. Two separate things, even though both are connected to each other.
Yeah I am not sure if it is just laziness or some really dont know (or care).
People put up posts about STEEM SP and SBD...perhaps there needs to be more posts explaining STEEM, steemit and the steem blockchain.
I don't know... It shouldn't be too difficult to know which site you're on in my opinion. Even the logo says "steemit"... And that should be hard to miss.
I guess some people are ignorant, some doesn't care and others are lazy.
Very true....you would think that would e part of learning the basics on here.
Not a very complex situation in my opinion.
Sadly, this just keeps the repeating of the same nonsense over and over.
Thank you so VERY much for sharing this extremely valuable information! It is imperative that individuals know the difference! Thank you so VERY much for all you do for the GREAT Steemit Community! All the best! Positive Energy! Great Karma! It is going to be a phenomenal year for the Steemit Community and Steem my Friends! :)
Okay, i have to change my mindset that boogging is not the only to take part in the great Steem revolution. But I will stick to blogging only I guess.
Glad to see those apps flowering on top of the blockchain!
Steemit, Dtube and Dsound are my top 3 sites/apps built on STEEM blockchain. I think even with just 3 of them, STEEM can be further fueled up.
People are transferring from Youtube to Dtube. Soon, more and more people will be using Dsound.
I strongly believe Steemit will surpass facebook in the future. The platform is growing geometrically. I so much believe in the future of this platform. Infact, I made a post on why I feel people should invest in their Steem Power on this platform
It is a great idea to highlight and to keep in mind the distinction between Steem and Steemit. Steem is going to revolutionize the world and will continue to develop more apps, and more ways to further spread the platform through creative ventures. It is only a matter of time before the mass majority of people start to truly to start to realize the power of Steem.
I have to admit I was confused up until yesterday when task set me straight. SBD, Steem, Power Up, Wallet, Up Vote, Resteem, Comment, Content it all makes more sense when you start doing all those things daily. Plus, always stop by task, to read his daily posts.
Great write up as always. You are one of my favorite recent follows! Sorry my upvote is only 2 cents..... Im waiting to get my delegation back from minnow booster.
You got a fan here!
Never apologize for your upvote value. Just keep working at it and powering up...it will increase.
Nice information, thanks for sharing your opinion with us. It is importan for us :) I agree with you, it will be more valuable in the future. It will be new trend of people I think. We just should be patient. All the best.
Wonderfully put, it took me a while to realise the difference between the steem blockchain and the apps built on top of it.
I really hope the steemit power down will not ultimatly be the beginning of a neglection of the steemit app. There's so much that can be inproved, and I'm really more a blog writer than a video/meme/sound creator.
I feel we need a payment system on the Steem blockchain. If we have a native currency and a wallet with each account, don't we deserved to take the leap forward to pay for products with it? Comment if you'd like to see a #SteemPAY app/platform.
Steem is the bluster site, that obviously growing rapidly
interesting posts .. useful for all users steemit.com..Thanks for sharing@taskmaster4450
thanks for very important info nice post @taskmaster4450
Excellent post man.Wonderful steepshot ,thnks for share.
I think you got screwed. I think you should have went for steem dollars.
more money for the general public?
I was not aware of the DTube and Dmania and others. Lot of things to learn. :)
Great post.
wall what can i say
Why do you think we need sbd and steem?
Hi @taskmaster4450, keep up the good work.
Hai scritto un ottimo post con informazioni molto preziose, anche io associo sempre Steem a Steemit, dimenticando che abbiamo anche altre importanti app che ci permettono di sostituire tutte quelle più famose e blasonate come Twitch, YouTube, SoundCloud, etc. Thanks! :)
And I only knew about Steemit and dtube. Never thought there are already so many live apps on the blockchain
I haven't even heard of all these apps. I will have to check them out!
I never know about that powering down issue, thatnks for this, I saw this in sola,,
And about this, I am so positive that steemit was being under valued that it could reach $50 to $100 soon, and maybe only this year, as smt soon to launch