SteemIt has amazing potential, but currently there are still some flaws in the protocol. Below are my personal ideals regarding the future of the SteemIt protocol:
1. Authors are rewarded appropriately
It would be ideal if content would be rewarded appropriately 99% of the time and that the content will consistently be found by many active curators in the first hour. The only way to achieve this is if curators have incentive to do so.
2. Curators earn money based on their behavior
Ideally there is an autonomous system in place that rewards curators based on how well they are rewarding and flagging content creators in a fair manner. In my opinion curators should earn money based on these criteria:
- Activity (amount of voting power spent per day)
- Integrity (how reasonable rewards are assigned to and removed from content creators)
3. More reasons to buy STEEM
Right now the only app on the STEEM blockchain is SteemIt. When there are separate reasons to buy STEEM, the value of SteemIt increases even more. Think of issuing custom tokens for free and being able to trade them with no fees for example.
4. STEEM price will rise for at least 10 years
If there aren't any detrimental flaws or attacks in the next 10 years, we can relatively safely assume that the price will keep rising. Let's hope it will actually happen. The inflation will take 20 years to reach it maximum 0.95% though, so maybe the STEEM price will at least stay the same for most of our lives.
5. SteemIt remains "ad-free"
Let's hope the platform doesn't get overloaded with advertisements for Coca Cola or porn or something. If there is completely freedom, there is no stopping this kind of content from getting too prominent (and annoying). Luckily we have to power to flag the content, let's hope that's enough.
6. SteemIt becomes #1 blogging platform
If there are no catastrophic flaws in the blockchain technology and the SteemIt protocol, SteemIt truly has the potential to become the #1 blogging platform and a safe haven for free speech. The possibilities are almost infinite.
7. Whales have little impact
Imagine when SteemIt has 100's of millions of users and every post has thousands or tens of thousands of votes on it, then nobody has to rely on whales anymore. How awesome would that be?
8. Everyone wants to use SteemIt or STEEM
If most of the previously mentioned points become true, it's highly likely that almost every internet user in the world will benefit from having either a SteemIt account or owning STEEM. It's a future we will all benefit from!
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