Steem 2.0 is coming like a big wave and if you can read this you're gonna catch it.

in #steem7 years ago

Ok, I'm frustrated. I'm frustrated that even with all the hard work this community of people is doing we're still sitting on a coin that's resting at around one USD per Steem. I have a hard time believing that bitcoin is literally 10,000x better than Steem. It's slower. The fees are enormous. It can't fork. It does fewer transactions. It has a evil twin that might be trying to collapse it. It's amazing to see a crypto doing that well but I find it shocking it's bitcoin.

Ok, next up we have ethereum. they figured out how to start tokenizing the internet. We on this platform had our first interaction with it too. @neoxian and his crew linked an ethereum token to @vote2ico and his posts caught a lot of attention. I saw at least one post from @noisy saying it was bad and scary, but I look at it I think it was awesome. Tying Steem to a token is the future of this place. I went through the work of getting my ethereum wallet up and running and able to accept alt tokens. It was a giant pain in the ass and sending transactions around was gonna cost me $3-4 bucks. I'm glad I could make tokens, I'm glad I can tie those tokens to Steem, but that experience was still overall a pretty shitty one.

Steem 1.0

Seems like investors don't really trust Steem. If I had to guess the reasons are they don't like us I'd start with the "ninja mine" at the beginning. They don't like the distribution, and they don't like that this platform has occasionally had network issues. They also don't like that it isn't ever really worth more, has a hard time getting worth more, and when it is worth more there are a lot of whales putting downward pressure on price. It's too hard to time an investment with a 13 week window to get out. Hard to pull out in this case also means hard to put in.

So, look I'm not complaining here. I'm just trying to make sense of what I'm seeing in the market, what I'm hearing, and what I think through as a newer crypto investor. Some of these real concerns and perceived concerns are holding down the price of steem. For right now that's good news for you because some really fucking big things are coming.

Steem 2.0- Communities and SMTs

Here's the skinny on the two next biggest things.

Communities: You can form your own personalized community and simultaneously allow people in your group to post to the block, and also not post in the feed of your community. This let's you highly tune your feed and allow multiple posters to a single thread. The Minnow Support Project has had some success doing this, but it's been a challenge and we've had to build tools to make it sorta work. When communities are launched it's just baked into the platform. Should be really exciting!

SMTs: These are Smart Media Token. Key letter there is TOKEN! We're gonna fucking tokenize the internet people. Instead of 523450klj234g230flk2345ou as your address it's gonna be @applecoin. Instead of waiting minutes to know a transaction has occurred you're going to wait 3 seconds. Instead of wondering what your wallet value is for different coins and having to work through multiple programs or keep a full wallet up you just click "wallet." A year from now a person will know more about you from looking at your Steem wallet than you're dating profile.

Wow, this dude likes his homeschooling community, organic gardening, free trade commerce, and lesbian porn... interesting. You'll tell by the tokens that they keep because they'll basically represent the attention that they donate to any given online community. And, they'll be worth money. Instead of complaining about the asshole whales you'll make your own community token and give yourself whale power. It'll be epic!

Steem is going to be at the forefront of that. Steem is going to make it easy. Steem is gonna have the largest active community in the crypto space. And we're not talking years we're talking about months.

Personally I think you have about 3 more months of cheap steem. So get'em while you can. Cause this shit's hot.

This is where we're headed. So, buckle your seats, work hard, and it's coming!

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@aggroed a nice write up. I keep reading about the whales and the downward pressure whenever steem goes across the 1 dollar point in value. Do you have any insight into why this is the case? Because when i read about investors not finding it interesting due to the 13 weeks why would they bother keeping the price low then? I have trouble connecting the dots.

Autobots, roll out!

Or all this could be a very positive thing....

When the price of Steem starts trending up pass $4,

The wonderful complexities of our 14 Weeks Vest, Steem To Vest Depreciating Ratio, SBD Interest Rates(Did somebody say negative interest soon?), Interest for SteemPower Annual Inflation(Which secretly hides growth), Complex % Curation Payouts Decay, Downvote Flagging Micro-Battles, and our (in)famous variations of upvote agendas which includes assortments of Circle-jerk, Self-jerk, Whale-jerk, Orca-jerk, Dolphin-jerk, Minnow-jerk, Bots-jerk, Swarm-of-Fake-Russian-Accounts-Following-Curation-Jerks, etc, Etc, ETC...

All will make predictability (including all future forks aka SMT, Oracles, Tokenizations) of Steem for future traders almost impossible (Think Game Theory & Chaos Theory had a love-child in the token market) and will result in steady year-after-year of macro-incline of price per new user until we exceed 1 Billion Users and $10,000 per Steem Price.

Yes ....

$10,000


You Heard if First Here on @aggroed post :D



Steem: Worth The Wait ......Don't Become A Ronald Wayne
source: pinterest


Go Ahead Sell.....I Dare You To Sell.....And Have The Biggest Epic Block-chain Regret of Your Life.\

:D

You know, I'm getting that same feeling. We're in that "shake the tree" period where the ones that stick with this amazing community and platform, will be glad they did. You know Ronald Wayne is kicking himself right now... Don't be that guy.

Ah... a kindered spirit. Sorry I miss your reply above.

Well if its any amusement or re-inforcement to your hard earn investment in Steem go check out these replies:

My reply to @taskmaster4450 post Newcomer Issue with Steem Payouts - You are looking at it all wrong and an example of how Steem is going to create incredible wealth

My reply to @steemmatt post: Are you a Steemit taker, matcher, or giver don't be shy

I like your optimism :) I might send this wishlist to Santa ;)

Well, that's an optimistic approach @geekgirl, the right question is.....have you been naughty or nice :P

Well I hope it holds off until re-up

Yeah you said it bud, it has so much going for it it's hard to believe more people aren't jumping on it now around a buck! Like your last post pointed out I think investors are putting their money into coins that have quicker fluctuations to earn money faster. Lucky for us were all accumulating on the cheap thru our blogging. It will blow and then everyone that believed in Steem from day 1 will reap the benefits

Exactly right!

I wish I had known about it since day 1.... never too late

hope you are right

Going to have to go to college to use this site...
;-)
Sounds complex and confusing.
Pardon my lack of tech,computer skills,and cyrpto ignorance.
I'm trying to figure this out,but it is ever evolving ...
but hey if I ever figure it out I will be able to post articles to help people learn too.
Know what I meme.
:-)

Not to mention - dividing 7000 active people up into groups will kill the pitiful interaction here. No one's post will be seen unless it goes in a group. Then the group only has a handful of people so the only way to vote is in a circle jerk.

Interaction dies - no one can succeed.

I'm so sorry to see this happen.

Interest perspective. But already the circle jerks are happening with auto voting and the trending page. In communities curators will be very important to bring in new members and help nuture new users.

If there are 50 groups - there will only be 140 people per group. That is not enough people to sustain a community or be inviting to anyone from outside.

where do you come up with dividing people into groups? whats getting divided? SMTs are completely different from steemit. their for different ventures to create their own platforms. steemit will still be the core as the tokens will need steem power for their bandwidth.

I was referring to communities dividing steemit bloggers.

I've been in many Facebook groups with less than 50 people and seen constant interaction, why wouldn't people do the same and get paid instead?

Using this site is better than going to college. Tune in, turn on, drop out! :P

Well said Timothy! :D

I really am looking forward to the evolution of the SteemIt platform, I really believe we have a lot to look forward to in 2018!

Seems like steem 1.0 is being a #%!^#^ and I can't catch it xD image

Steemrush all the way!