Moving mountains of Steem

Do you feel the shift in the markets the last few days? I am not talking the crypto markets, I am talking about those on Steem. The Steem market place is one that is filled with all the emotions of traders poured out into posts of all kinds as they worry about their various kinds of investments and the risks they face. The market palces are driven by sentiment and Steemians are a sentimental bunch. Oops, I mean emotional.

The last few weeks has been a bit of a roller coaster for many by the looks as they try to come to terms with aspects of the platform they may not have faced before and due to he low prices and more people buying in, there is likely a fair bit of concern about, just what they bought into.

What is good to see though is that there is a great deal of discussion and action that has taken place born from the community and several ideas have been floated and gained traction very quickly. One of them I mentioned that I am keen to see happen is the @blocktrades Worker proposal sytem which looks to secure some funding from the Steem blockchain itself and use it to encourage development. The other is the @Steemalliance development group that is forming, which I suggest following to stay in touch with direction.

On top of this, Steemit Inc which has taken some heavy flack over the last few months has changed their structure and welcomes @elipowell into the Managing Director role to take care of the day to day. Both she and @ned were on the SOS talkshow with @pennsif last night and it was quite clear that while there was no hard commit, they are supporting and keen for both the Worker proposal and Steem Alliance to get up and running relatively quickly. @ned even mentioned potential funding in the millions of Steem over time.

While neither of these things might not have been high on the lists of most people a week ago, they are definitely up there with having a chance at greatly inflencing the future direction of this blockchain from the technical and community aspects. What this Steem market really needs is a joining forces of all stakeholders to create a much better position in the future than we are in now. This means across the board, the contributors, developers, investors and the consumers on Steem.

@coingecko released a good post with their Steem report today and I stole an image from it, thanks.

I found the amount of Dapps and the unique Dapp users interesting as while there are something like 30,000 active posters out of the ~1.2 million accounts, almost half of the total accounts are active Dapp users. That is the various alt accounts and bots at work no doubt which sounds bad but, it is the same on the other platforms too. I found the comparison with TRON interesting as it has the same number of mainnet account wallets, twice the Dapps, twice the transactions yet, only ~1/8th the unique users of the Dapps and 100x the value in USD. What is going on there?

THe other interesting one is Ethereum which has 20x the number of Dapps with 1000+ yet, only twice the unique users of those Dapps with just over 1 million, compared to Steem's, 500,000. That means that while Ethereum Dapps average 1000 unique accounts each, Steem Dapps average 10,000. All of these chains have bots involved.

While TRON and ETH have 6 and 2% of their accounts using Dapps, EOS and Steem are doing well with 27% and 44% respectively. This is going to be one of the differences that a community-backed chain is going to have in the future, usage. Not only usage but on Steem at least, a wide array of usage in areas that are important to the way people actually use the internet already. Digital content is what it is and Steem can service it all.

When it comes to ubiquity, What Steem offers is nothing new, it is already ubiquitous, it just hasn't been attached to the Steem blockchain yet. Having the community and potentially a development fund that is financed and driven by community actions, it has a chance of developing an increasingly strong use case for more and more users and businesses to start utilizing the Steem chain as we go forward.

Combine this with the massive upcoming drive the crypto markets are going to see and, Steem has a chance of luring, landing, schooling and releasing a huge pool of new users into crypto who will further distribute the Steem blockchain and support it through content contribution, business development, investment growth and consumer actions. This will not only stabilize the chain significantly, it will also increasingly creep into the day to day activities of user lives, it will be compelling.

This is Steem, a distributed startup in a distributed startup industry, there are plenty of dramas to come as various incentives conflict but, shake it off. We are at the beginning of the journey only and there is a long way to go. Many of the people here feel they are late to the game, they can no longer make an impact or benefit.

IT IS BULLSHIT. Everyone here is at the pointy end of the future. The mountain just hasn't risen from the seas yet.

Taraz
[ a Steem original ]