STEEM, the Coin, the Token, has an image problem.
The Problem is STEEMIT! Here's my proof, an excerpt from WEB-BOT's analytics.
Steem
This is a popularity token on the social media platform Steem. It is traded, albeit in low volumes. It's vulnerabilities come from no external sources of value flowing into the Steem platform, thus the Steem coin is banking on presence to make it an effective trade with other cryptocurrency offerings. Its largest vulnerability comes from the non-earned method of acquiring the token. It requires that one be popular on the Steem network in order to get 'up-voted' such that more Steem is sent your way based on the internal popularity algorithm. Some persistence showing up in the data about the platform but not the coin. Punt potential.
WEB-BOT is, imho, the top internet data mining going today, it seems Clif High developed the leading edge techniques to track Web Sentiment and analyze the 'hive mind' ;) That being said, did you notice that AT NO TIME did WEB-BOT recognize the difference between Steem and Steemit? This is very telling, and it is not the fault of the 'Bot, or the programmer, Clif High. It is working very well. PUBLIC PERCEPTION is the Problem. Web-Bot just reports Public Perception. We know that STEEM and STEEMIT are 2 different things, and when Clif wrote up the report, meaning he interprets the data sets, he noted that there is a platform connected to Steem. The Web Bot just found "no difference" in the public perception. Basically, this means that People believe STEEM is a sub-set of STEEMIT, when the reality is the OPPOSITE. Steem > Steemit. We here at Steemit are a part of a larger platform, Steem Blockchain and Tokens.
We need to start letting everyone know the Truth! Here's @overkillcoin's FINE GRAPHICS, again ;)
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@minnowbootcamp is now a "THING" or at least an Account! Minnow BOOT CAMP is endeavoring to be the Fastest Way for newb minnows to mature, to get a slider and more! I guess I could vote this up w/@minnowbootcamp and leave a reply to prove it :D
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Post time ~15:15 local
+1 RGR old Bud! U ROCK!!!
Follow me Please??? ;) LOL
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I hadn't noticed. Thanks for pointing it out. To non-teckie-minded people like me it's hard to get a good grip of the reality of steem/steemit let alone the concepts.
Great to hear you've got @minnowbootcamp up and running. Yay :D
Cheers
Anj xx
That tps chart is sweet. I could watch it all day lol
Knowledge is power. I think as crytpocurrencies become more mainstream we will see an influx of people joining the Steemit community. I really appreciate your willingness to help the "little" guy or new guy on this platform> Many thanks to you @underground
Cheers!
Thats so true I think we all have to do our little bit to try and spread the word and understanding of Steem and Steemit
"It's vulnerabilities come from no external sources of value flowing into the Steem platform,"
Idiots, content is king. There is valuable content constantly flowing into Steemit.com and people need STEEM power to maximize their enjoyment of it and that gives external value to the STEEM token.
PS: There is a lot of external value flowing into Steem Blockchain, anyway... We Are getting noticed, but have to shed that incorrect notion of 'sameness'...
I'm sure perception is probably a bit better, but I do not have current data. That report is several months old, I actually got it right after I started here LOL!!! Kinda glad I did not get that report before I signed up ;) Great Points, BobbyBoy :D
Steem is a great coin. But yeah, it is very tied in people's mind to steemit, and so they don't really trade it much. But as it grows I think the popularity in the market will increase. Nice post and graphics @underground!
What exactly will @MinnowBootCamp do?
The account will become the voting bot for the followers, and multiply their support back to them. The boot camp training will be taking place at the CryptoEmpire discord. We have a lot of valuable material already and working up a program.
Perception is linked to the comparative monetary value of Steem. Also, once the SMTs roll out and more awareness is built on what it can do for website owners, people will appreciate the value of Steem.
I agree but I think that will be a key in helping us draw the lines properly in the public mind...
Wow, glad I read this post. I'm still learning all the potential of Steem. Someone on a crypto blog was nice enough to explain the difference between the two, but knowing why it's such a powerful blockchain, massive. Thanks for posting!
Agree with you, there is a big misunderstanding out there, and it's our responsibility to clarify it ;)
I like this post, gret job
Public perception will change eventually, once Steemit reaches critical mass and begins growing more aggressively. Oh, and once SMTs become a reality I imagine WEB-BOTwill change its tune as there will then be "external sources of value flowing into the Steem platform".
Nice analysis, thanks for sharing!