Why this disruptive feature in STEEM Side Chains and Smart Contracts will displace these markets
The current blogging platform we all love and utilize is making incredible innovation. It's incredible to be sharing our thoughts, working on steem projects, and sharing opinions while earning rewards. As a developer by trade and crypto enthusiast this became one of my initial catalysts and why I started to become so passionate for steem. The intersection and disruption in this regard is incredible to me!
If we zoom in too close to the big picture some see it like this:
More disruption yet to come, let's zoom out a bit
Steem has great potential to disrupt a large number of existing business models. I believe Side Chains along with Smart Contracts on the steem network will be another one of those enabler's. I expect wonderful things.
The Smart contracts in steem also contain a tremendous advantage element, free transaction fees. As @dan mentioned previously in an earlier post https://steemit.com/lisk/@dan/why-lisk-is-inferior-to-ethereum
Fees alone can be very sizable in various marketplaces, payment providers and when conducting 3rd party transactions.
In a steem powered world goods and services could be completed and defined by a steem smart contract, and naturally the steem smart contract would contain it's set rules and parameters. Standard transactions are great for this. Micro payments are undoubtedly impacted even more with fees. The steem free transaction feature allows them to now floush in the steem smart contract.
The little minnows that could
The view can be profusely different when we observe the ocean from a different perspective, like above.
Here we can see the Eco-system in a different light and a big picture can be seen further.
Most importantly a small group of large stakeholders who unwittingly act to not enable and diversify the community is not a real thriving situation, that's not what's happening, and that's definitely not a winning formula. The community is acting according and providing diversity in promoted material and ultimately being effective by propelling all the fish for the great larger picture!
Final thoughts
The big picture is tremendously larger then what we see now.
For example I've been able to share my steem projects on my blog. Most recently launching ProjectSteemCar https://steemit.com/projectsteemcar/@originate/projectsteemcar-the-traveling-electric-steem-car-touring-the-country
The blogging platform we're all excited about and sharing with the world is
just the start.
Keep it up
it's amazing how extensible all of this really is... great graphics as well - did you have those made or make them yourself?
Thanks @e-steem .. they where made for this post to help visualize the concepts
quite effective!
Yes, keywords side chain and smart contract caught my attention too.
Smart contract without fees? Could this be real?
One thing that always bothered me with Ethereum smart contracts was that I was never able to figure out how much I should over pay for the transaction to come through. It was frustrating.
I am eagerly awaiting the development here. It will be interesting and exciting.
when I saw the post thought I'd let it go, another post about whales and how to catch them, but this interesting what you say, and certainly its just the beginning
Very true. In hindsight the blockchain I already changing the world.
Given the opportunity the blockchain have a lot of things to offer
As always, very informative. Really bring it into perspective.
HERE IT IS!!!
https://www.steemimg.com/image/IsjWh