Do You Realize All That Will Be On STEEM???? Your Digital Nation!!!!
The naysayers proclaim that cryptocurrency is worthless and is going to zero.
They do not say that about STEEM, of course, since almost nobody even knows about it.
Nevertheless, cryptos took a beating in their price action of late causing a great deal of fear. Remember, the only thing we have to fear is fear itself.
Anyway, I am going to explain something in this post that few really take the time to consider. I rarely see it discussed about cryptocurrencies and blockchain. I really do not think most are aware of the potential.
I will start by stating what most of us already know: in terms of performance, STEEM and BTS are the two leading blockchain and that is it. Nothing else even comes close. Presently, they are doing 2/3 the blockchain transactions in the world without any scaling problems. They both offer an incredible 3 second transmission time with the capacity to handle 100K transactions per second.
This we know.
My question is do you know what STEEM is?
Are you aware of the impact of this technology going forward as we see more of the world digitized?
@ned makes it no secret that his goal is to tokenize the Internet. Do you realize how big that is?
So for anyone fearing this thing is going to zero, relax. Donald Trump will win the Noble Prize for being nice long before that happens.
What is STEEM?
Quite simply, STEEM is going to be the backbone of your digital existence. It will be Microsoft, Amazon, Google, Apple, and Facebook all wrapped up into one. It will also reduce, if not eliminate, much of what the government does for you. That is how big this is.
Remember, when it comes to blockchains, this is a Ferrari while most everything else is a bicycle. In addition to what I mentioned before, STEEM also offers zero transaction fees. Have you ever heard of living in a place where it cost nothing to send money. Someone always has to pay for money transfer. Not with STEEM.
For the foreseeable future, there is nothing that is going to compare with this. Bitshares already has the same abilities and EOS, another @dan project will be going live some time this summer. STEEM and Bitshares do twice as many transactions each day as all the other blockchains combined. Again, as more activity goes onto the blockchain, do you think that amount will grow considering all the other ones have scaling issues? I certainly believe so.
I want you to ponder for a moment all that you do on the Internet. Truly give that some thought. When you do this, you quickly realize what is going to end up on the STEEM blockchain. For those of us on here, it is going to be the central part of our lives. This is much more than a social media blockchain. Tokenizing the Internet means putting all of our online lives on this blockchain.
What will that look like in 10 years?
I will be planning a trip. Before going, I want to take a VR tour to see what things will be like. So I log onto SteemVRTours.com and check out some different places that I want to go. Since I was doing a lot of traveling, I purchased the VRToury token when it came out so when I upvote each video, I get a nice curation. After deciding upon a place, the system books my plane tickets and lodging arrangement. My account is tied to STEEMbnb since I like to avoid the big chain hotels.
While I am watching a documentary on STEEMFlix, my STEEMA, my decentralized virtual assistant, reminds me I have a date with a woman off STEEMCupid. As I get into the shower STEEMA orders me a car from STAYMO. After the shower, I grab the last beer (I am not driving after all) from the fridge. Since I ran out, an order is placed with STAMAZON for more beer with some other items that I am running low on. They will be here in a few hours.
I am amazed at all these different applications which have tokens on the STEEM blockchain. It is a good thing that I am still producing content on Steemit and getting paid in STEEM. This allows me to use any of the apps since my STEEM is good everywhere.
Before getting dressed, I run my STEEMMD (not to be confused with Steemd) scanner across my body. The reading looks good and they are uploaded to my STEEMMD account. I earn another 5 MD tokens for being in good health. I do notice I need to get back to the gym though. While the closest STEEMFitness is about an hour from me, I am fortunate that my local gym has a token on the STEEM blockchain. Hence I get paid to work out. STEEMA puts it on my calendar for tomorrow.
I walk back into the living room when I am notified there is an ad available to watch. It is offering to pay me in some token I never heard of. I ask STEEMA how much it is in STEEM and accept when I hear the conversion. It is an ad for SpaceZ...Ole Elon wants me to pre-book seats on his inaugural flight to Jupiter in 5 years...What will he think of next?
I hear the car pull up. Oh before I go, I have STEEMA check my STEEMSEX tokens...you never know, if things work out with her, I might get lucky. Okay, good, I have enough...have to pay for dinner you know.
STEEM is going to be its own economy. When @ned says "tokenize the Internet", that applies to a major portion of all economic activity. That is why I asked you to really ponder what you do on the Internet. Anything you can think of will have an applicable application on this blockchain. While some of the examples I just gave seem far fetched, they arent. There are people who are thinking of how to make those things reality.
STEEM is going to be a nation with its own currency, economy, communities, and businesses. At some point in time, these "nations" will hold more importance in our lives than the geographic ones that enslave us. We will volunteer for this nation which will offer stuff to us instead of taking away. Our support and participation is all voluntary. All contributions are recorded so as to provide compensation. One is free to come and go as seen fit. The individual is valued as opposed to being seen as an entity to control.
These are some of the happenings that are going to be taking place. It is best to remember that we are at the very early stages of this technology. STEEM has a great foundation in place.
Let us try not to get distracted from that fact.
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The potential here is pretty crazy. Even with upcoming SMT's we are going to see immediate changes, with companies able to make their own tokens, but you could very well be right in thinking that eventually everything is steem based. I mean, we already have instagram youtube facebook twitch and twitter. Skies the limit with this one.
I would like to hear how you feel BTS will advance. I feel like it has amazing potential, but I'm not sure where it's going right now. The quints seem awesome, but I'm not sure what else I'm excited about in the short term. What are your thoughts?
Bitshares was created as a financial blockchain. Its main purpose is to take the financial system and toss it on that blockchain. Like with this blockchain, we look out at the Internet for what is possible, you can do the same thing with Bitshares and the financial system. Anything is out there, is possible to go on that blockchain.
I think you are going to continue seeing new ways of financing projects. I believe @stan hinted at an upcoming announcement at some point where a company uses its future revenues to create a financial product that pays a standard 5% but lets people "own" a piece of that revenue stream.
Interesting. So far I feel like BTS has a ton of untapped potential, so I'm still waiting on it. I'm ready for some news or an update on it, I was hearing about bitcoin latina but haven't seen anything since. Reddit community is pretty dead, but there is a lot more positive talk about it here
I got my airdrop for bitcoin latina if that is any help.
I don't think I did, what did we need to do for it, just have a bts account? Maybe I messed that up
Leave the naysayers we all know that crypto currencies like steem are not gonna crash so what I do think we should do is to keep promoting the messages of crypto currencies and how to invest in them to friends and foes then surely it is not gonna crash
Actually we dont even need to do that. As long as development keeps occurring, we are golden. There is going to be more activity on these blockchains in the next few years than people will be able to comprehend.
We are going to see a major move towards this end. A great deal of what people do in the future will be on blockchain, whether they know it or not.
You're totally right.
Let's see how it goes and hope for the best
A very romantic post. To be honest I hope that it will not get that far. My answer is not based on Steem but with all the possibilities of the internet. The picture you have drawn scares me a little bit.
Why does it scare you?
Well it is hard to say. When I read your post I was thinking about the movie Total Recall.
I do like evolution, can prove that by the fact that I am on Steemit. But the ideas of the future gives me the idea that while everybody focusses on more privacy these days, the privacy is just thrown on the blockchain! It gives me the feeling that everything is controlled and done for us.
It also reminds me on the fact that AI and selflearning programs can really give added value to our lifes, certainly in the health care industry, it will take away our impulses.
The world you describe give me the feeling that the internet related things will govern the world.
Like I wrote, it is hard to describe but I hope it gives you a little insight in my ideas!
As compared to corrupt people who govern the world right now.
Are you afraid of losing your freedom having everything decided for you?
If that is the case, perhaps look at all that is decided for you today. People do not realize how much of our lives are controlled to the finest detail.
The difference I see is that people will be volunteering for what they want. Instead of having to adhere to certain rules and live in a certain economy simply because of where one was born, one can opt under what conditions he operates.
This is a large step forward in my opinion.
@taskmaster4450 I’m married so I already lost freedom of decision 😁
While you are right that most governments are corrupt, I don’t have the feeling that my life is too much controlled. On the other hand our life is full of influences by lots of things, news and people, which sometimes is good (eg family, friends, and so on), sometimes is bad.
lol I think you have a good point. I do hope there is an off the blockchain alternative to steemit even if you don't make money. Overall I think steemit is a great platform but yeah we do lose privacy. We lost privacy with Facebook though and now we can make money so at least there is that.
I think the two biggest success factors for steem are first it's speed. You have to be able to accomplish a lot of transactions fast and steem fits that bill. I think this is one of many downsides to bitcoin. It is just to slow
Second I think the fact that steem has no transaction fees is a game changer. If you have ever tried to send money you quickly realize it takes along time and it is very expensive. Steem is fast and free.
I agree the possibility are endless. I cannot wait to see what the future has in store.
Haha very nice predictions how everything will be in 10 years! Steem is definitely going to be everywhere!
Can't wait for all that to happen...
I think too many do not quite grasp how much of our lives are going to be digital. Basically businesses that are not going to the core and rebuilding everything on a digital platform will die off. Of course, all new businesses are being erected like this.
That means we are going to see a lot more activity on the world wide networks. So tell me, when one has zero transaction fees and is able to process 100K transactions per second, where do you think a lot of this traffic will end up? Scaling is a major problem for the other blockchains at this point meaning the developers who are drawn to this are operating on a chain like this.
@ned's goal of 100K entrepreneurs on here in 5 years will really create a huge economy. Of course, using exponential growth, where does that put us 10 years from now? 250K? 500?
There is no telling how big this thing can get.
The one man STEEM promo machine continues :D
Right behind you with the potential here, all we have to do is wait!
Woooowwwwww...the future is bright!
But as you exit your latest VR trip, your eyes ready to adjust to their dark surroundings, you shiver. Steembot stands over you, leaning close. Its calm, green eyes flicker slightly, only inches from yours. The pain in your shoulders explodes into consciousness. Pinned to the bed, helpless, you try to verbalize, but Steembot beats you to it, BALANCE ZERO, ACCOUNT TERMINATED. Lights out.
LOL! I'm with you on a bright future for Steem, but let's not get too carried away, too soon! ;)
You were the one who brought up sexbots, not me. 😀
LOL
Totally agree @taskmaster4450.
STEEM have a huge potential and we need just more people knowing about this platform for this platform transform the life of everyone in this planet.
I love that, since, even now that justa few people know, it's helping me to up my lifestyle in Brazil.
Congrats on using STEEM to up your lifestyle.
This is the potential of blockchain and cryptocurrency. People all over the world have the option of increasing their standard of living.
Reminds me the Newsweek article with the headline, "Why The Internet Will Fail" :) Internet is still here and not going anywhere soon :)
And I believe Newsweek is gone...or just about.
Haha I agree :)
LOL That made me laugh and spit my coffee all over my keyboard...
Great analogy though and one of the biggest 'unknowns' when it comes to speed and transaction time. Everyone is fighting for segwit and lightning network and here STEEM is....Ferrari speeds :)
Appreciated the vision of the future too...Made for a great sci-fi book but what's great...That very well may be science fact in those 10 years.
Exciting times!