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RE: What will be different in 2017 from 2016? (Contest entry.) A Poem About Crypto-World From 2016 to 2017!
My predictions for 2017:
- Bitcoin will crash in a panic sell before March.
- President Trump will shock everybody by demonstrating political acumen and competence.
- The United Kingdom will find Europe very cold to any special status in relations with the EU. Out means out.
- Likewise, the USA will not grant any particular privileges to the U.K. in trading terms.
- There will be downward pressure on the US dollar and the British pound as both seek to discourage imports, and encourage exports. The Euro and the Yuan will strengthen. The Euro in response to greater European confidence, the Yuan as China seeks to improve quality of life, and be less dependent on exports for economic growth.
- Steemit as a social media will begin to draw more public attention. There will be heavy pressure to modify the payout and reward system. But there will be great reluctance to make changes so soon in its development. The debate about undue influence will lessen as the community grows.
- Rival blockchain structured social media platforms will appear, offering apparently richer rewards. But Steemit's head start will help it maintain its momentum.
- The European Union will attempt to curb the refugee crisis through concerted developmental efforts, and the provision of support to the stronger territorial authorities in maintaining government.
- The situation in Turkey will escalate into a crisis over the limits of authority derived from a democratically provisioned mandate.
ColdMonkey mines Gridcoin through generating BOINC computations for science...
Oh, and Seville will beat Real Madrid and Barcelona, to be league champions in Spain.
I agree. I am interested in mining in 2017 as well.. I have already spent and used $6,000 in crypto coins, And have $1,000 in holdings divided into many different coins. I should be mining, but need to do more research. Which coins are the most straight forward to mine for regular people?
I like how you said apparently richer rewards, even Steemit used this technique, how else do you get people to work for cents.... lol. I dont blame them. It is a great Idea. I think there are already one or two alternatives to Steemit, but like you said, Steemit was first, and people may try out the others, but most people will stick with maintaining as few blogs as possible, unless they decide to use the same material posted multiple times over multiple sites. I think you're spot on with the other predictions.
Gridcoin is the simplest, being the easiest to set up, and least demanding in terms of equipment. After considerable research it was the one I chose because it does not try to sell the project as a road to riches. The value of Gridcoin, in the long run, is derived from its social utility. Like Steemit it encourages the continual value of the coin because it's value is derived from helping scientific research. You can find out more at Gridcoin.us. But, as always it pays to do your own research before committing yourself. My own view is that even if the coin collapses, I would have at least used my spare computations for something useful.
I intend to use the small amount of Bitcoin I have left, to invest in Steem. I only came across Steemit, three days ago because of a casual comment on CryptoCoinTalk.com. So I am still trying to get use to the whole concept of how the community work's. What convinced me was how well written and thought out the Steemit White Paper is. Best of luck with your mining.
ColdMonkey mines Gridcoin through generating BOINC computations for science...
Ok Thanks for the unique perspective. I have been on here since June 2016, but I am still learning things on here, plus people kinda run the platform, so people are always coming up with new systems, websites, and tools within the Steemit site. People have confidence in Steemit because
*It is on the Blockchain (cannot be censored or removed)
*It pays you in Crypto-currency to vote and post
*It is a great interesting community