Daily Digest: Genesis of the Steem Blockchain

Hi all, I am here with a new daily series titled "Daily Digest".

Today, I'll be talking about " Genesis of the Steem, the Steem Power(SP) or the Steem dollars(SBD)?"

You might be thinking where we are going or what I am discussing today, but only time will tell and your Calmness!.

Little intro

To be able to delve into the topic in full, have you ever thought, which one is will bring more gains to me, if they rose up to the moon, is it the Steem, or Steem Dollars(SBD)?. I was able to come up with this little write-up ,when the question struck me like lightning, is it the Steem or the Steem dollars?

I step up my research and try to navigate through recent times, how these two guys had fared. Kindly journey with me as I treat some of my researches in on the Steem blockchain and their leader in the Steem market.

In the beginning, there was.....

Image showing the historical data of Steem Coinmarketcap

Ohh, thrilled? I am not actually treating the Bible or it's contents, but discussing which of the profitable coin to hold. Judging from t he sub-topic here, you can deduce that, I am trying to point to the beginning of history of the Steem blockchain.

The Steem(Not the coin, Steem) blockchain base on two coins namely, Steem and Steem dollars, the. we have the gem-like coin also, Steem power. I don't really need to dig up histories about these guys, as they have entered many battles and to the best of their capacity, conquered.

Being among the wars currently going on with the crypto markets, these guys have maintained their awkward but rewardable position. As a 2-year old coin with little marketability and popularity(this is my own personal view), we can say on the other hand that, they have really suffered and gained in the spoils of war, pooling in and out of the crypto markets.

Steem dollars historical data Coinmarketcap

At the beginning of their history they maintained their accurate station, in this respect,

• Steem
• Steem dollars
• Steem Power.

But due to some issues, which I might be able to cover in today's digest, their position have switched from time to time, making it harder and harder to get a hold of this amazing coins.

Wavered distribution

Due to a funny model of distribution, the coin is really suffering through the odd, making it perfectly uneasy for these guys to be unwavering. The Steem blockchain monetary is distributed between the "people", in which the majority lack business patterns and sustainability of the coins. Take for example, a layman, who writes very well, let's let's say blogs very well, but his business orientation and monetary policy in domain is little nil. With this mindset, Steemians distribute the coins in such a rude manner, making it hard for it's sustainability.

Attacks from outside the gate

Like I said earlier, these coins had to maintain their position in the crypto market, but due sudden influx of coins growing day by day, it is a hell from outside for the Steem blockchain. They struggle their way to maintain their position, making it harder day by day as the crypto market is getting bigger.

The more the competition, the harder it gets

Anonymous

A ghost in our way

Source

Hell no!, we are not talking about ghost here, don't be so scared, ghosts in this contest, I am talking about BOTS, there are Bid bots, Upvote bots, Resteem bots, Spam bots, bots, bots and bots. There a million thousands of bots walking in our blockchain, what's more aching is that, the power to develop the blockchain have been given to this, hilarious bots. They have the power, yeah, I am talking about those Steem powers. When we say the power, yeah, the power to control the system, and yes, they are controlling the system in a very funny way. The days of "Whales" is gone now, what we have now, are "BotWhales".

Bots do things without thinking( hell we are not talking about AI). They lack reasoning, I will not be so surprised if the returns my post generate at the end of 7 days is so minimal and a three-four lines post, I am posting next generated a fortune. These are the works of bots. We should really collect the excessive powe given to those bots and give these our precious gems their power. We have a nice set of people investing in people that bots, @dimimp, @neoxian are living examples others can emulate.

Which one to hold, Steem, Steem Dollars, Steem power?

I think you are in the best position to answer that. Your views are most welcome.

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Thanks for reading today's digest, hope it was well digested?, what a rhetorical question!

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