5 Things Pointing to an Incredible 2018 for Steem!
Aggroed: Next year there will be flowers.
Skeptic: How can you say that? The world is messed up! Prices are lagging!! Other currencies exist and they are our competitors! Challenges ARE EVERYWHERE!?!!?!?!?!
Aggroed: Because we're planting them.
SBDs
Steem has been doing well and growing. It's not quite as fast or as sexy in it's growth as some of the other coins just yet, but it's growing and moving. Then the Koreans put Steem and SBD on one of their smaller exchanges. Then they started pumping SBD. I think the logic goes something like there's only 3.6M of them. They don't grow that quickly. They are free to use and useful because transactions confirm in 3 seconds, and ultimately they look pretty cheap. They started stocking up! We had up to $15 SBDs. BTC tanked a little and we're back down to $7-8 SBDS, but either way when you get your post rewards it's a ton of money.
A post pays out roughly 0.4 of the value of what's shown on Steemit.com in SBDS. Then you multiply that by $8. So, a hundred dollar post on steemit will pay 40 SBDS and you multiply that by 8 and your post is worth $320!!! That's a ton of money for something that you likely spent 1 hour writing (there's usually a project or expertise behind that too). It's a great return! It helped push our activity way up!!! We just broke the record of active number of users at 44k and it's going up even more. Thanks @penguinpablo for keeping great stats on this!
Alexa: 690 USA
Alexa is a ranking system of activity of internet pages. As you can see we're now in the top 700 most active websites in America and in the top 2000 of the entire world. Personally I think this is tied to high SBDs, and hope they stay high and continue to get higher (especially as the price of btc rises).
This platform is a little over a year and half. The number of businesses that are in the top 2000 that are that young I'm guessing is pretty few. Most of those have been established for 10 years or more. The fact that we're there is evidence we're doing great. Lots of haters out there think its not enough, or Steem's a piece of shit cause it isn't in the top five yet, but I don't think those people have reasonable expectations. When I started Steem was at $20 cents and 50k accounts overall. It's a year later and we're 15x more valuable, we're in the top 700 websites, and we grew the number of accounts by about 10x while asking people to pay between $2 and $20 bucks to start an account here.
Steem's doing great. Try to be reasonable!
Velocity and Youtube Adpocolypse
So, Steem tracks the number of software updates as "hardforks." We're on hardfork 19. We're working on hardfork 20, and it should happen soon. I'm guessing in January. What it does is give the Steem community a fast way to make new accounts that doesn't require 6 steem. It's changing it so that new accounts are minable and they will have limited ability to act on the blockchain without 6 steem. That means we can start having lots of people join this community and it shouldn't take days or weeks to get new people into the system.
Combine that with the YouTube adpocolypse and I start seeing dollar signs. YouTube is now blocking payments to certain YouTube channel operators. You can argue the reason why they are doing it (censorship vs corporate sponsers), but the effect is the same. People that used to count on money from YouTube aren't getting it anymore and they are looking for a place to earn money with their content. I believe this a great home for them because they can post novel content here and get rewarded for it, and then archive it on youtube 7 days later and get longer term revenue from that too (assuming they haven't been dropped).
One thing that's stopping some folks from doing this is just how hard it is for the sign up process to work, and that's frustrating for their audience they are trying to bring over. The pitch of come here and let's grow together doesn't work well if they have a hard time getting here!
Communities
Steemit is working on another big change to build communal accounts into condenser.
Condenser is the program that powers steemit.com to interact with the Steem blockchain. The Minnow Support Project has been doing this successfully for a while now, but we've had to build tools from scratch off the block and off of condenser to allow it. But we've already seen how a community account can help a social group blow up to 6,500 members in just a few short months. We started from scratch with no followers or money. Imagine when established groups have the ability to do this. It's going to bring whole networks, non-profits, schools, etc onto the platform.
SMTs
Smart Media Tokens is basically going to turn Steem from a blogging platform with a crypto currency into the program that will tokenize the internet. Want your buisness to launch a token then click a few buttons. Want your non-profit to launch a token then click a few buttons. Steem is fast, reliable, scalable, and has an incredible starting point for growth. When we make it easy for every group on the planet to aggregate capital and use it as they see fit it's going to make this place explode. Everyone and their mother is going to have a token on Steem and unlike Ethereum that clogged because of a few cryptokitties we have the ability to scale a few hundred larger than where we're at now without any of the tweaks Steemit is working on now.
We're going places and 2018 is gonna be epic!
This platform is going to explode next year. Just hang onto your hats. Make sure you're posting daily and getting as much Steem as you can before it rockets up and enjoy the high SBDs with your payouts. Finally, what's going to make sure this place grows? YOU! YES YOU!
You're going to tell your friend about Steem and help them sign up.
You're going to tell businesses about Steem and get them to accept it
You're going to make friend and communities that help people stick with the platform.
You're going to use rewards wisely to help promote great people and great content.
You're going to create great programs that make new tools and features on the block.
Collectively we're gonna Moon and I'm looking for a massive growth year in 2018. Don't let this opportunity pass you by!
Absolutely great post @aggroed! Resteemed this. Steem is becoming the go to crypto for fast costless transfers, and growing rapidly as the main blogging/vlogging/youtube alternative platform.
We all see so much growth potential here, and this is just the beginning!
Imagine being able to blog, social media, watch videos, fundraise, crowdraise, shop, etc. all from one platform where the content creators/users actually get rewarded!
Now that I think about it, Steem is so much more than just a blogging and social media platform. The possibilities are endless! One just needs to have a decent imagination and some knowhow/skills to build and grow your very own successful blockchain business on the Steemit blockchain.
Cheers and Steem on!
I am also excited for 2018 for the crypto world! Thanks for this post, just affirmation at this point!
Just began my steem jounry and even I can see the future is bright.
Amazing right!
I have entered the Crypto world about 40 days ago and its facinating!
I feel like the internet is re-invented and that we are the pioneers of this generation.
2018 gonna be AMAZING!
Right the whole space is going to blow ..... !!
hope steem explodes next year!! next year will be huge!
Steem will explode, I guarantee it! So excited for next year!
I'm happy for this nice post about crypto world @original work ,more of this because it's touching and inspiring about both crypto and bitcoin ,some friend of mine are also invited and thry can see steem is a great world to operate in@hollacute @horlly @ayemmanuel.
Crypto is changing the world!
Crypto and bitcoin is changing the whole and world and also ruling it!!!
Lovely post!I agree with you,2018 will be a breakthrough year for the cryptocurrency, and the strengthening of the position...
Totally agree Nate. I feel like we're going to be trillionaires very soon. Kids will be proud.
thanks for resteem
hi
The prices will surely fall for the cryptocurrency. Keep cash at hand to buy when it is down. Cash is King!!!
can someone explain (natebelt83) perhaps, how you get 123 votes for your comment in this post? I feel like I am missing something here ;)
Bots.
yeah but how ?
A number of accounts are coded to automatically upvote or downvote, when given criteria is met.
I also created a blog talking about the BIG DATA tendencies of cryto. Enjoy ;)
https://steemit.com/cryptocurrencies/@jjrt3345gr/how-to-predict-cryptocurrencies-with-big-data
I love steem as well. Its a great place to promote all things Crypto. Just like this one article I wrote about this new coin called XAR (Xarcade). It is a new block chain platform for gaming. Really good money maker for both gamers and developers. Check it out: https://steemit.com/xar/@yomaicoin/xarcade-xar-blockchain-for-gamers-and-developers
What factors will make steemit “steem” ahead while other social media crypto currencies on various block chains are producing returns of over 100,000% such as Reddcoin @senseicat
Steemit is on a path of sustainable exponential growth, its metrics and success will be better gauged by looking at how well steems userbase grows and how profitable it is to use as a platform, which will increase the price steadily. Do you know if any reddcoin projects yet, are they able to sustain the volume of transactions steem does? For Steem a big jump will come after they release the smart media tokens which will open the door for people to create their own apps on the steem blockchain with relative ease.
I'm seeing a lot of well known Youtubers with large followings join Steemit and evangelize it on youtube. Very exciting.
I think that's going to make a big difference. Steemit right now has a bit of an insular tendency, which has been really great to build a community, but to have articles and posts reach the point where they are regularly showing up in Google searches, and having youtubers point to Steemit or post on Dtube is going to explode the platform.
They have no choice than to make such smart move now..
Thank you @aggroed , our high expectations for 2018 will turn into reality due to true growth and not hyperbole like many other platforms. I believe strongly that the addition of communities (as they port/pull their loyal user base from other social media platforms) will have a material impact on growth.
I agree @armentor @aggroed
Honestly @armentor, I have been thinking about this for a while since SMT's have been made known. I believe there would be a way to solve the problem once it arrives.
Agree @ufxpression. The release of SMTs will certainly galvanize our platform.
I am 19 and I told my friends about steem. They didn't know anything about cryptos 2 months ago. Now they can't wait to put Christmas money into cryptos, especially steem.
steem is very great project, i was bring some of my friends to this network. thanks steemit and all people that they develope this project. thanks so much.
sent you a follow ! follow back man!
Hahaha same with me...even my aunt invested in crypto recently hahaha
Its crazy!! I just sent you a follow request
Hello
Hey Doinita!
hi
what is crytos?
cryptocurrency
Thank you
You're most welcome :)
I really don't doubt Steem will have a tremendous growth on 2018. I believe I won't have to work for anyone anymore ever with all crypto market and investment.
Steem and steemit, is the incredible invention in this era
It's definitely more than optimism! I just started posting every day since a couple of weeks ago and I'm seeing a big difference already not only in my wallet but in my general outlook about blogging. In this community, great content is well-appreciated. If you can't see that (yet), just keep thinking about how to improve your content every day with tiny little changes. Also, keep reading articles like this one. You can do it! You might hit gold big time if you don't give up.
You are absolutely Right. Visibility of a blog been posted at different time zones matter too.
Wow! This is more than encouraging! A lot of my Steemit friends are now posting daily and I'm glad about the renewed enthusiasm. SBD price may also fluctuate but there are reasons for it to go up further with people getting in because of the rewards and staying (adding value to the platform) after realizing that this is a great community. Have a happy 2018!