Why I Believe In STEEM Long Term And The Advantages It Has!!!

STEEM and Steemit are not the same thing.

STEEM is a cryptocurrency on the STEEM blockchain. Steemit is an application that allows one to access the data on said blockchain. This is an important distinction. There are other applications which allow one to access the same data such as Busy.org and D.Tube. Both applications enable users to earn STEEM without going through Steemit.

At this moment, Steemit has most of the activity on the blockchain. Therefore, for the short-term, Steemit is a major part of STEEM. We will see how that changes as other applications become more popular.

Another issue that is coming up is the "trending" page and it being tied to the use of voting bots. For some reason, people feel the trending page is important. I get the argument from both perspectives about bots. To me, the easiest solution to the trending page problem is simply to eliminate it. Since it is nothing more than a page for advertisements and poor quality posts, according to many, make it disappear. Then the incentive will be removed.

Nonetheless, while the page is still there, this will be a source of debate.

The final area is the fact that investors are still so heavily involved. This simply is a fact of life. All new entities require capital to fund it through the start up phase. This means that people are involved who are looking for a ROI on their money. This is what investors do. While it is easy to attack them, it is imperative to understand that they are the reason STEEM is here. Without their capital and contributions through the darker times, STEEM would have gone the way of the rotary phone. Certainly their motives are different and will remain a large part of this ecosystem until more people with different motives start to participate.

This also ties into the unequal distribution of the currency. Every couple weeks I post an update on the numbers of how the larger accounts are losing power as time goes by. This makes sense as other people start to take a greater share of the reward pool on a daily basis. At this time, it is still a situation where a few accounts wield a great deal of power. The situation will be less a year from now and, most likely, will not be much of a problem in 3 years.

Now that we mentioned the drawbacks, why am I so optimistic long-term with STEEM?

It is really simple: Stuff is happening on this blockchain.

Look around at the cryptocurrency industry and there are a ton of projects out there but few blockchains that are providing real world solutions. STEEM is doing just that. When it comes to social media. STEEM developing different applications that address what is not in the marketplace. Decentralized applications that directly reward contributors is what STEEM does. This is not seem across the industry.

STEEM has one of the fastest blockchains in existence. It also is up there in terms of the development. Each day we see new applications announced. Many of these will not amount to much yet it only takes a few to set this blockchain apart. D.Tube is already making some tremendous headway in the video world. There will be other applications which have similar impact.

Another advantage STEEM has is that it has a loyal user base. The present flag wars exhibit this. While I believe it, overall, a negative on the ecosystem, it does show the passion both sides have. This is important. We know there are many people who are dedicated HODLers of Bitcoin. However, what do they do for that blockchain on a daily basis? On STEEM, the dedicated HODLers of the token are also, for the most part, contributing to the blockchain each day. Here, people can post, comment, and upvote. And now, with so many applications, there is something that everyone can contribute.

It is easy to get caught up in the negative and project what is going to happen in the future with that mindset. The challenge that one has with that approach is it removes what is really taking place now. STEEM has more activity on it than any other blockchain. Nothing processes more transactions in this realm than STEEM. The big advantage there is that there is still plenty of room to grow.

Why do I think that growth will take place?

To paraphrase a famous politician, "its the development stupid".

At the end of the day, what is going to set STEEM apart is the applications that are on here. The majority of the masses do not care about number of transactions, cryptocurrency ranking, or DPOS. Instead, the only thing those people care about is what can they do. This is where the applications come in. Can people do what they want on the STEEM blockchain? Do the applications fill a need and give them an alternative to the traditional ones?

So far, we are starting to see the emergence of this. The later half of the year, in my estimation, will start to see the development of places for people to use their STEEM. Adding more commerce is the next leg up for this blockchain in my opinion.

And with so many developers already on here, it is a safe bet that at least a few will take this on.

For me, STEEM long-term is a good bet. While it is not smart to put all of one's eggs in the same basket, STEEM should provide a nice foundation to one's cryptocurrency holdings.

If you found this article informative, please give it an upvote and resteem.

---

To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:

Click For Manna Coins

In full disclosure this is a referral link

Pictures by Google Images