Cryptocurrency 2.0 Like STEEM Is Going To Make Early Adopters Rich

in steem •  2 years ago 

The cryptocurrency market is growing up. We are now entering a stage which moves beyond the speculators.

Before going any further, I must explain what I mean by Cryptocurrency 2.0.

I coined this designation based upon the way a coin is acquired. Under Cryptocurrency 1.0, people bought in. These tokens, BTC, LTC, ETH, were all purchased using fiat (or profits from other crypto). This was true for the early adopters and is holding the same for Wall Street. In both cases, money was brought to the table.

Once we get past these two groups, we encounter the average person. The challenge with these individuals is that 95% of them will never buy a cryptocurrency to save their life. Since we are moving towards a tokenized world, this creates a dilemma. How do we get tokens in the hands of people who will not buy tokens?

Enter Cryptocurrency 2.0.

This is a token that is acquired through the utility that it was designed for. For example, STEEM was designed to target the social media market and reward people for upvoting, commenting, and posting. Hence, once can sign up, not spend a dime, yet earn STEEM just by engaging in those activities.

The challenge with the cryptocurrency market is that we do not know what ones will take off versus the ones that end up in the trash heap. For this reason, it is suggested that one find those projects that appear to solve a problem, have a good team gathered, and make sense. This is the process I heard the last few years when looking to invest in different tokens.

Does the same hold true for Cryptocurrency 2.0?

If you are putting up fiat, absolutely. However, if you are looking to amass tokens through the utility, my suggestion is to go for them all. It is a numbers game at this point since so much is in early development. There is no way to tell if it will succeed or not. So getting what you can is probably a smart idea.

Can taking this approach really make one rich? I believe so.

STEEM is a prime example. If you read any of my posts over the last month, I believe we will be pushing $100 by year end. Over the next couple years, if we see the development on this blockchain take off, STEEM could move into the $1,000 range. So let me ask you, how much SP do you need to amass to really make a radical difference in your financial life? As you can it, tens of thousands of STEEM are not required.

I will give you another example. Now please bear in mind this is pure speculation in terms of the numbers.

According to studies, it is estimated that search is worth over $100B to Google each year. That is a lot of cheese, that if that stranglehold was broken, could be spread around. Using a decentralized search project to illustrate the point will show the potential.

Presearch is going to be in beta for the next few years while building an index. To do this, they need to amass enough searches using their interface which they tied to the major search engines. It is a long-term process which means one will have to be patient.

That said, for those who got involved in their beta testing, they are paying up to 8 tokens a day. This is a company that already had its ICO so they are openly traded. Of course, for our purposes we will just focus on the utility of the tokens.

According to Coinmarketcap.com, there is a max supply of 1B tokens. Using the $100B for Google search, we come up with a price per token of $100. Hence, we can see how the 8 tokens we acquired simply by doing searches is worth up to $800 a day.

Supposing you did this over the 36 months they expect to index it, you would have roughly $876,000 at the end of three years. This, without putting in a single dime as an investment.

Will this token get to that point? I have no idea. Right now, there is an as good a chance at failure as there is at success. It is impossible to know. The point is that if you do something like this with 10-15 tokens, some will find success. Being early in the game means that one can amass tokens while they are plentiful. Again, getting back to the search, there is no way that company can pay .25 token for each search forever. At some point, if successful, there will be too many searches done which would eat up all the coins in one day.

There are advantages to being in early and amassing tokens. Even if it doesn't amount to hundreds of thousands of dollars, what if one of the Cryptocurrency 2.0 you were amassing ended up being worth $20K or $30K? Now imagine if you had 3 or 4 that were like that.

Obviously, I believe STEEM is at the top of the list for Cryptocurrency 2.0. Since you are reading this post onthe STEEM blockchain, you have a similar realization. If you do not, I suggest you take a look at that viewpoint. With all that is going on with this network, the numbers in terms of price, can get outrageous quickly. The next 120 days should see some wonderful upgrades which will really increase the activity on here. This should send the price upwards.

I will try to share with you as many of the tokens that I find which can be acquired through utility. At present, there are only a handful. However, my guess is that as we progress through 2018, many more are going to appear. It is almost senseless to bring out a token now unless there is some way to acquire it through utility. We know the masses aren't going to buy into it.

So much for being too late to the game. We are only getting started.

If you found this post 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

Pics by Google Images

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I'm looking forward for your UT insides!

Now is a great opportunity for everyday people to don the hats of Venture Capitalists and have the chance to invest in the Googles and Facebooks of tomorrow without the need to put too much (if any) money down.

With ICOs offering tokens at just 5c - 1$ and some new blockchain startups offering tokens with no money down (just for helping out (as you note in your post)), this gives a great opp to spread risk across potentially world-changing technologies.

As you allude to in your post, you only need one or two to work out to amass a potentially life-changing sum of money.

It really is a great opportunity and I look forward to hearing more about the tokens that you find...

Thanks for the comment @stevelivingston.

It is amazing that we can pick up tokens in many ways. Like everything else in crypto, I dont think we have seen anything yet. It will only continue to grow over time. We are going to see more opportunities to add tokens as times goes by. Everything people do will be tokenized at some point.

Of course, that means more scams also, so people need to beware. But if you arent putting any money in, what is the difference.

@taskmaster4450 I always enjoy your thought provoking postings. I am pushing 60 years old and I can tell you that when I talk to others in my travels it seems to me that so many people have heard of Bitcoin but when I ask them if they own any Crypto's I have to say Very Few Own any YET. That is why I am so excited for the FUTURE !

I am a bit younger than you, still on the low side of 50 but pushing it. No different on my end either. Most heard of bitcoin but few own any. I cant think of a single person in the company I work for who has one (to my knowledge) which is close to 80 people.

We are really just starting to scratch the surface of getting these tokens in people's hands. That is why something like Manna excites me....people are just given the tokens...

Do MANNA tokens go into any wallet besides a MYETHERWALLET ??

MANNA isnt traded as of yet under that name...it is still traded under the GRT (as far as I know).

We are still awaiting the email with the updates...I know they were updating the wallets to the lastest peer-to-peer wallet technology.

I do not know where it all stands since the last update was on the 30th of Dec.

Hoping to hear something soon.

Great post, thanks.

Presearch does look interesting. Google's stronghold/monopoly on search is ripe for disruption. Whether it's presearch, or somebody else, there's a strong case for blockchain tech being that disruptor.

I've only had a brief look at presearch, but will be looking into it further (thanks for the tip). As more search is being done on mobile/voice, that's clearly where we're going so will be interesting to see if they're tackling it this way, or if someone else comes along with it.

But there's nothing to stop [for example] Google from developing/researching their own Blockchain technology. I'd be very surprised if they're not already.

Anyway, yes I agree that tokenised world is coming, and it's proving successful on STEEM. And being early to any [tech/online] party is always a good idea.

I am sure Google is looking into it @m-ssed-t.

The challenge these corporations have is that they are owned by Wall Street. Hence, giving up the profits that come with blockchain isnt going to sit well with the Street. Sure they could set up a system they control and profit from, but what is the point....they already do that.

I just do not see the idea that these corporations give up all that money. They might do it and throw people a bone (earn 1/1000 of a cent for each search but, again, that effectively changes nothing.

Yeah, I agree. I think a lot of big players will be disrupted, and some put out of business by blockchain tech, but I think Google, Amazon and Facebook are too smart & savvy. I don't know how, and I've not given it much thought, but I'm sure they'll be looking at ways to adapt.

Amazon will take crypto payments at some point, but I'm sure they'll be looking at how to reduce the risk of blockchain, or will join the party in some way. Same for Google. They know it's here, they know it's threat and they'll have something up their sleeves to adapt to the new environment, I'm sure.

IMG_20180115_192337_686.JPG
IMG_20180115_192514_364.JPG
the number of young investors putting money into cryptocurrency will probably increase as the debt crisis intensifies and world markets go through a downturn.
He said certain institutions may adopt cryptocurrency in an innovative way, but there is currently little evidence of this happening.Right now, Bitcoin and steemit is attracting a lot of youth away from traditional investments.
Long live crypto,bitcoin and steemit

Excellent article. I really liked it. Thank you for continuing to develop faith in Steemit's enormous potential. Good luck to you and Good. Resteem.

Отличная статья. Мне очень понравилось. Спасибо, что продолжаете развивать веру в огромный потенциал Steemit. Удачи Вам и Добра. Рестим.

Really interesting sum up. I also believe that Steem has an advantage since it actually makes people provide value to the community and not only mere speculation.

As a social justice advocate I'm also really interested in how the crypto economy could actually be a part of granting everyone a basic income so I'll definitely check manna out.

Great post! Tokens that are aquire through utility are extremely helpful for bringing about mass adoption, and I too believe that the earlier adopters will come out with a very nice sum of money.

I have been looking for some ideas for a new blog series after my passive income series, I might look in to doing one about tokens that you can make through utility, as well as how to actually earn that token in the most efficient way, if you'd be interested in working together a bit.

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin11131.800$7.6%7.09%
ETHEthereum1012.430$7.58%11.66%
LTCLitecoin180.400$6.3%8.07%
PRSPresearch0.354$4.34%-1.74%
STEEMSteem4.325$7.27%27.72%

Yeah, I believe that this ability to earn cryptos without any investments is slowly starting to get really popular. It's changing the way everyone sees cryptos overall. Not so long ago you could only get them by buying or mining, but now we see more and more projects that give cryptos for some sort of activities. Steem being the best at this of course :)

It would be nice to put together a list of what is out there that people can do to earn the cryptos.....what activities are already tokenized.

Some, I am finding, are in early stages, not even cryptos yet....that is really called an early adopter.

that would be amazing if you did put together that list!

Loading...

Is steemworld pretty accurate? I just found that site few days ago, and looked like yesterday the platform added little over 5k new users.

Great post. Crypto 2.0 makes sense to me! Steem is at the top.

You know it! ☺

Obviously, I believe STEEM is at the top of the list for Cryptocurrency 2.0.

I believe so too because its features are unmatchable and more and more people are flowing into it. They realize there's none like it, money can be made here easily at zero cost doing whatever you love doing.

Plus it is one of the better blockchain from a technology standpoint with about 1.5M transactions a day.

This means this blockchain is ahead of everyone else at this point and we still have a few major changes which will really improve things.

It is going to be exciting over the next couple of months.

Yeah appreciate @taskmaster4450, Cryptocurrency 2.0 Like STEEM making step as head of the token, i can realize on your blog where you give the point as specific spot. Here many of the crypto will fall due to rapidly growth of Steem, because here are hold as decentralize, we are all want freedom, steem fill-up the gap as easily, only this is not a crypto market this is also rewarding method make this higher position.

Thank you for this leaflet in which you explained the sum of things
Now there are more projects that give citations to some kind of activities and steem is the best in this field as it is becoming available to gain encodings without any investments obtained by buying or mining,

  ·  2 years ago (edited)

We can revolutionize!

Great piece. Very informative and encouraging! Upvoted and resteemed. Thank you!

I think the crypto market will increase. in my opinion even more will increase. a very good investment @taskmaster4450

thanks for information news on crytocurrency 😊

Thank you very much for the news about the Crypto currency. @taskmaster4450

Much thanks for the news about the Crypto currency

Thanks for your valuable and informative post about crypto,treding.It is a new message for all steemians.
We can gather a lot of information by your post.
By dint of we can increase our skill that is beneficial for all steemians.
I will always visit your site & wait for your upcoming post.
Thanks .

Hi @taskmaster4450, It's possible to earn sbd through games on Steemit?

  ·  2 years ago (edited)

Outstanding report about steem. Good addition Cryptocurrency 2.0. I believe on steem. What ever anybody think.

i think cryptos are future.
thanks for your post

I have to resteem this particular one. Yes you are right most of the new users now, will want to enter through some form of utility and for them spreading your net is good but there should be a limit. If a particular user takes too much in order to augment for unpredictability, such user will not be able to get committed to any. And therefore cannot really achieve the full reward offered by any.

very educative post.thanks for sharing...
please carry on.
i will wait for your next post...

So would you be considering SMTs builts on the steem blockchain, APPICS or Vice for example, as cryptocurrency 2.0?

Yes I would since their utility enables acquisition.

Appics for engaging in photo sharing similar to Instagram and Vice for watching porn.

Although it does appear that Vice is not using SMT after all...they are forking the chain...but nobody is for sure.

Vice has created so much confusion with the whitelisting, whitelist sale, crowd sale...so many things happening!! And now I hear about this forking issue!!

Appics kept things pretty simple though and are much more flexible with payment options.

Very interesting perspective. I am definitely very excited of what the future holds.

I dont know much about cryptocurrencies, but I am overly excited about the change it will make. And I believe that this STEEM will grow to greater heights because of the interaction within steemit communities.

I like the tag crypto 2.0. I also like the tag that crypto in general is the internet 2.0. I agree, I think early adopters are going to be heavily rewarded and it is only a matter of time before steem is up into the double digit values

Thanks for sharing your opinion with us. It was very informative and interesting.

I believe we will be pushing $100 by year end

I hope things that you said will happen and we will be rich :) all the best.

When checking Bitcoin prices, you need to keep in mind that there are no certain global Bitcoin price standards. Bitcoin is not tied to any currency, country or stock.

The question is the same as if you ask: "Why is the price of rice more expensive in this supermarket, or in this city / country than any other country?". A short but precise answer is "because of demand and supply", but let's learn more about the technical explanation of this.

Again, such a post post! Love reading articles from you! Thanks

Nice post.

Presearch. Why didn't I hear of them before. Glad you mentioned them though, and I just signed up and requested to be added as a beta tester. Do you know if they're still adding beta testers? Oh well, if they are great, if not it only took a minute to register an account with them. Keep up the great recommendations!

The early bird catches the worm but it's the 2nd mouse that get's the cheese :)

yes, right great or very helpful post. i think this post helps eveyone. really very beautiful post. just great works.

thank you very much sir for the news about the cryptocurrncy

Im looking forward to this journey with Steem and Musicoin, as a musician and record label owner, it totally change the way i will be doing business in the future, so im so glad im on board early.
Twitter Header.jpg

I think the concept of making a "significant" change in your life is undervalued when people discuss crypto. It seems that everyone's goal is to "get rich", and if that seems unachievable, they aren't interested. No one thinks about the benefits that $20 or $30 K annually can REALLY make. I mean, that's what I make slaving away at work. If I can double that, by being part of networks such as this, that's a dramatic change in lifestyle.

Your predictions are encouraging. I am pretty new to all of this so I'm still learning and get skeptical sometimes. But I've come to enjoy Steemit as a network itself, and a learning platform, and sometimes now I forget about the financial aspect.

Thanks for this article. Quick question: is Presearch still accepting users for Beta testing? I heard about the site a few days ago and signed up for an account. As far as I can tell, my only options on the site are to buy PRE tokens; no search function, really nothing related to that. Do you know the status of their beta testing?

Thanks!

This is great news, and helpful in understanding the new forms of crypto. It seems like many of these projects will pop up, and the average person will just participate in the one which is most valuable in fiat price. Hopefully, this won't stunt growth too much.

that,s great to know upvote and resteem

I'm in the presearch beta but I just haven't thought about it too much. The truth is, after work it is all Steem for me. hehe

I better get to stacken'

Steemians, come on down" you're the next generation of rich people in the world.

Leave those sorry social media sites that won't let you speak your mind, put you in Facebook jail, or delete your account for 30 days.

They don't even throw you a bone for your quality posts like Steemit does, and sometimes that bone is big....

Keep moving on up Steem, the sky's the limit. Great post Task. 🚀

Great post! Tokens that are aquire through utility are extremely helpful for bringing about mass adoption, and I too believe that the earlier adopters will come out with a very nice sum of money.

I have been looking for some ideas for a new blog series after my passive income series, I might look in to doing one about tokens that you can make through utility, as well as how to actually earn that token in the most efficient way, if you'd be interested in working together a bit.

Being a cryptofetus, I can't even speculate on the possible amount of steem at the end of the year. But even then, I can see the potential and as such, feel that the only way it's going is up. No matter what amount, just up. I'm thinking of dipping my toes on other altercoins but steem being my first crypto and me being utterly new to this, I'm trying to contain being overly excited and rushing headfirst into the entire cryptoland. As it is, my parents think I'm wasting my time trying to learn about cryptocurrency and spending time on Steemit. Still, I'm here anyway xD