Prediction: Venezuela is the Region Where Steemit will First Overtake Bitcoin
A more precise version of my prediction:
Search interest in Steemit will surpass search interest in Bitcoin in Venezuela before it happens in any other region, excluding statistically insignificant events (low population, low samples etc.). I also expect that this will happen before the end of the year 2018.
i believe steemit, will overtake many things every where, but not Bitcoin.
Venezuela leading the Steemit charge, I would not have guessed this in a million years!
Venezuela was late to the party on Bitcoin, but from 2015 onwards growth was at a massive rate (check LocalBitcoins for example). It was the perfect marriage, Venezuelans were experiencing the material consequences of unsound money, while also having state subsidized energy which allowed for 'energy arbitrage' in the form of Bitcoin mining.
However Bitcoin is not actually able to facilitate the needs of Venezuelans today, given that they don't just need to be able to store wealth but to use it to keep their lives and businesses going (since Bolivars no longer work very well for that).
Steem is actually in a better position to actually help in Venezuela. Despite the problems, they still have good enough infrastructure that people can easily access public websites like Steemit.com, it's more accessible and user friendly to ordinary people than Bitcoin is and doesn't have obscene fees or wait times that make facilitating trade difficult. Interest in Steemit is growing far faster than interest in Bitcoin did, it's currently on par with the first 2013 bubble (when Bitcoin market cap was over $3 Billion) and still rising. In most places "Steemit" has 1% the search queries that "Bitcoin" has. In Venezuela it's 6.3%. Venezuela is one of the few places where interest in Bitcoin continued to grow not long after the collapse of the 2013 bubble, and we're seeing the same pattern with Steemit.
Steem doesn't only help by giving sound money, it also helps in the resistance against state-based censorship. Unlike Bitcoin, Steem is capable of making good on the promises that allowed Bitcoin to grow so rapidly.
Nice!
You should add this to the post, i don't think my 5c can bump it up to the top.
Makes sense, and it sounds like their is a good chance other counties are in the same boat (or the one behind) and are going to follow Venezuela.
How's the leasing SP business, i noticed you're running on empty at present!
It's going well, a steady extra income. I do want to taper off eventually though, I miss having a big vote.
Good to hear. How much SP would you need to lease for say $1000 a month to come in?
Yes my vote is crap because i have this tendency to hit the up vote button too much, especially when commenting back and forth..... doh!
That's about what I'm making leasing 96k Steem. It could be more but my prices are low because I want to stick with good delegatees.
Not bad at all! Thanks for the info, and SP 😁
@demotruk. Good to know. Thanks for this revelation. I see future in Steemit
Incidentally I expect Nigeria to be a close second.
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STOPGreat work! so interessing :)
Venezuela taking it to another level great to know :)
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STOPHola!
Quiero compartirte mi idea para apoyarnos y tener mas votos en nuestras publicaciones.
https://steemit.com/venezuela/@untaljames/un-tal-james-proyecto-james-ideas-ganar-ganar-engranaje-de-ganancias