Daily Steem Price Update 12/11/2019
Good day Steemian welcome to today's Steem price update for 12/11/2019.
I have been posting the Steem price update since almost the very beginning of Steemit.com.
Many have came here to discuss the daily Steem price's and changes for over 3 years now.
I also want to mention incase your wondering that when something doesn't seem normal from the other regular "Price Updates" that the daily Steem price posts do occasionally change their format from time to time.
But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as it's important for your daily plan or strategy.
And even if you are not planing to do anything with your Steem I still recommend checking out these updates and so keeping an eye on the price.
So without further ado lets take a look at today's Daily Steem Price change for 12/11/2019.
Should you be trading with Steem today...?
I think I'am finally getting over this flu now but colder times are still to come and just the other day I spent alot of time in the cold due to some work demands. I was worried it would of made this flu start all over again. October throughout until January I have noticed these last few years have not been enjoyable as there always seems to be so much going on either at work or with life during these last months of the year. Still to be honest last year was a little easier compared to previous years, I do hope this time it may also be even calmer. Bitcoins had been slowly recovering and I believe it was on October 26th when it reached $10000 as it had been mostly stuck between $7850 and $8350 since Spt 27th. The SBD price also dropped along with Steem and Bitcoins but since the Bitcoin recovery we have not seen a change in price, it was only recently both Steem and SBD's went up, still there are some nice opportunities to buy cheap Steem. Which for me is a problem at the moment I'am not sure what is going on but my payments keep getting declined not sure if this as something to do with the exchange or my card, my betting is this problem is because of an update with the exchange, this is most aggravating. My hope was too look into this more on Wednesday. But unfortunately some other things have come up and so I don't think I will have the time, I must now look for another "free" day so I can get to the bottom of this issue.
NEW-STEEM Bringing SMT's.
Steemit INC continue to work on bringing SMT's, the team are not far off it's schedule for release infact development is now done and it's review didn't show the need for any major additional work. If your curious the whitepaper is still the most authoritative reference for understanding what SMTs can and can't do but it is also a very technical paper. That is why the best way to think of it is like giving users the ability to create their own Steem-like-tokens. There will be some things not included in version-1 of it's release like for example "powerdowns" but I believe it will come with the ability to powerdown at 13 weeks, but all this along with other options can be added and changed in future, for example these added changes could be integrated using your own Hardforks of the created token. Steemit INC have been spending alot of time on Platform Independent State Files which is a great way for increasing the level of decentralisation in the ecosystem and another favourite use case of mine will be "dramatically reducing the downtime" on the exchanges. Another thing with "MIRA" the databases were platform specific which I'am sure you can already see the potential problem with that, but with Platform Independent State Files it makes it easier to move databases into a format that is consistent across many if not all platforms. In the end what matters is whether or not information has been independently verified as just because code is executed by a decentralised network of machines does not mean you can always trust it. See as soft consensus is code that is stored on a distributed ledger "like say Steem" and so this decentralises the code by enabling anyone to verify that it is indeed being executed properly. And like this Steem reduces the cost of Soft Consensus to a fraction of what it would be on any other chain which enables applications to take advantage of Steem’s high speed and fee-less transactions. Also if your a business or interested in marketing and finding a community of active users thanks to Steemit INC and their advertising partner "BuySellAds" anyone who wants to purchase ad space on the steemit.com website may also do so now. Steemit INC also got involved in the burning of Steem, while I'am not a big fan of burning Steem just simply because it's a opportunity for someone else to own that Steem but I obviously realise we do have alot of extra Steem floating around because of the SBD conversions which could indeed do with some burning. But not all Steem is being burned some of the rewards from the Steemitblog are going towards the SteemDAO.
Always do your own due diligence the above is only a opinion.
Source: picgifs.com
Our Ship Is Now Dolphin Powered
Source: giphy.com
-Steem Price-
https://steemit.com/steemit/@simonjay/daily-steem-price-update-30-9-2019
-Month 30 Of Steemit Monthly Reports-
https://steemit.com/steemit/@simonjay/month-30-steemit-monthly-report-15-3-2019
-I Have Powered-Up To Dolphin!-
https://steemit.com/life/@simonjay/powered-up-to-dolphin-22-3-2019
-Young And Now Disabled By Vaccine?-
https://steemit.com/familyprotection/@simonjay/young-and-disabled-by-vaccine-7-1-2019
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Fallen back to 13
Steem as been naughty