SteemMag – Steemit’s Weekend Digest #30: A Much Needed Boom: 1 Month After - HOW FAR SO FAR

in steemmag •  2 years ago

Wow. It feels so good to be back again. It’s been over a month since I last published SteemMag due to events I explained here.

The atmosphere on Steemit is so similar to the pre-July massive launch last year. With so many new faces here on Steemit, it’s likely some might have never heard of SteemMag before.

Over the past 10 months, SteemMag has been covering all the major actions on Steemit. From the first edition’s chat with @smooth, I’ve had an amazing experience presenting chats with major whales on Steemit, top Steem devs, leading Steemit authors, owners of crypto exchanges like @blocktrades and @bittrex, successful crypto traders and so much more.

Every week, I take a look at some of the most important/trending topics and have a chat with top Steemians who have expert views on such topics.

Hopefully, with a dedicated @steem-mag account created, there should be no break in transmission again. :)

Nostalgic about Steemit’s beginnings? Here are links to Issue #1 , #2 , #3 , #4 , 5 , #6, #7 , #8, #9, #10, #11, #12 , #13, #14, #15, 16,#17, #18 , #19 , 20, 21, 22, 23, 24, 25, #26 , #27 , #28 and #29


This week, I will be having a recap of how far we’ve progressed this month. This will be in addition to brief chats I had with top bloggers and a Steem crypto trader.


There is no denying the fact that a lot have changed over the past 1 month.

A leading Steemit blogger @kevinwong gives a brief overview of how much things have changed.

SteemMag: You've been one of the most consistent Steemians this month. Can you describe how the atmosphere on Steemit has changed over the past one month?

@kevinwong:
It's great seeing new and old users being excited and happy about the platform's potential. Steemit almost feels like the Google office in Silicon Valley now, except you know, decentralised. As long as the community keeps learning and keeping flow while devs work to deck out more awesome tools for STEEM, influx of new users along with effective coordination on fun, social activities, we should be able to take Steemit to the next level.


Traffic Numbers

Not only as the atmosphere changed with less bickering, we’ve reached all-time highs in terms of traffic. Steemit is rapidly spreading in Asia, America and Europe are also not left out. And Steemit is slowly capturing the hearts of social media users in Africa.

We also had a chat with the highest ranking Steemit blogger who has been tracking the traffic numbers of Steemit as far back as the pre-July 2016 days.

@gavvet:
This steemit.com traffic growth chart is beginning to look very suspiciously like the Bitcoin historic price charts.

Hmmm. This gives much hope. Remember bitcoin once traded for cents a few years ago? Imagine the price of Steem in the next 5 years :)


Steem Blockchain Tools Development

The number of Steem tools released has also substantially increased. Just earlier this week, @jesta released ChainBB.

@good-karma has been prolific with frequent updates and there have been some good updates from @steemitblog. @timcliff is also very familiar with the codebase of Steemit and releases timely updates about changes with the Official Steem Github account.

For a comprehensive list of Steem Tools, check out @roelandp’s SteemTools

Watch out for this in the nearest future:

Steemit >Reddit
Busy > Facebook
Zappl >Twitter
SteemQ > Youtube
Steepshot > Instagram



Steem and SBD Price

There is no gainsaying that the recent boom in the price of Steem (and even SBD) has led to the sustained tempo of the above headings.
SteemMag had a brief chat with prolific Steemit blogger and crypto trader @kingscrown.

SM: What are your thoughts on the price of Steem and SBD over the last one month?

@kingscrown:
Due to smaller amounts of STEEM on the market (currently people) are paid for posts in SteemPower and SBD finally the inflation got smaller and the pump on the price was possible.

The 7 days payment window also helped with this. With all the news lately about new services getting to this blockchain it seems the price should be raising.
But we are also in the historical moment of BTC running to 2000 USD, which may cause dumps on all cryptocurrencies no matter of good news and development - and you shouldn’t underestimate this part.

SBD which is dollar pegged interestingly trades above 1USD which is a nice premium. For some reason, there is more demand for SBD than they are on the market which is great.



Thanks so much for having a chat with SteemMag. You guys rock.


To all our esteemed readers, it’s a delight to present yet another edition of SteemMag to you guys. Please follow the @steem-mag account to catch up with our subsequent weekend editions. Next week will be choke full of juicy info. Thanks y’all


~ @infovore (for SteemMag)

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Due to smaller amounts of STEEM on the market (currently people) are paid for posts in SteemPower and SBD finally the inflation got smaller and the pump on the price was possible.
The 7 days payment window also helped with this

This is incorrect. There has always been more people buying steem than authors cashing out and it is still true today, you just have to look at the exchanges's wallet to see that.
The reason the price was allowed to spike is because early miners are done dumping.

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There has always been more people buying steem than authors cashing out and it is still true today

Hmm is it? How do we find out?

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You can check @lukestokes's report here to get an idea https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-5-7-2017-to-5-13-2017
Out of the top 50 withdrawals only 3 users are earning author reward @tamim @abdullar @dollarvigilante
The bulk of the money going out is not made by people cashing out their rewards.

If you want precise numbers use exchange's wallet history to calculate how much authors's money is going out VS steem coming in

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early miners are not people ?

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Not sure why you ask this question..

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Correct

Great to see you back, there's so much info that get's missed on Steem unless you are on here all the time. Your round up is brilliant!

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Yeah. There's so much going on. And hopefully, we will get the chance to showcase them. You've been on Steemit for a year now. How does it feel ?

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It feels great to be here, love hearing talk of all things crypto and potential earnings from it. Also lots of interesting characters and posts on here too. It's the best social media platform for me at the moment. Can't see any other projects coming close for social media and earning

Yes, I have a so called DEJA-VU!
Same feeling like past July. Not sure if I like it that much but I prefer not to get into details why.
I saw what was going on those past few months inside/out and all around including "where are @smooth and @abit" rude attacks now?
FInally I also understand what a circle-jerker is and that @berniesanders might be a little asshole as he calls himself but at least very honest. I appreciate this!
It's an unfair and unbalanced "money-crabbing" but also passionate "awesome people" community I still enjoy but it's a shame that so many early adopters who badmouthed steemit the loudest, cashed out most, left and back again with the same old topics.
Lots of valuable members are getting frustrated just like July last year. Indeed!
Soon the people will start writing about "money" topics again.
I continue looking for interesting members and please check out my last Re-Steems @infovore for quality content about art including fantastic interviews.
Have fun with your new Mag I always enjoyed reading.

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hahaha. I understand what you're saying. Steemit has always been a very good way of meeting various personality types. I've learned to deal with all personality types in a manner that wont cause conflict. And oh, do I see all those early adopters too? You bet I do. I truly belief we're gonna get things right this time.

Thanks so much for the suggestion. I've been seeing so many beautiful art pieces lately and I certainly will be featuring them very soon. Btw, I really appreciate your support over the months. Means a lot to me.

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🐬🐬🐬

like seeing those graphs with the price of steem climbing

Great post as always. Thank you.

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You're welcome. Thanks for being a longstanding SteemMag's reader

Great stuff!

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Thanks man. Your support for SteemMag over the months is well appreciated. Do have a splendid week ahead.

i thought i was looking at an expertly crafted spoof account earlier!

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Haha. No. Using a dedicated account has always been in the offing. I lost access to @steemmag so I decided to wing it with @steem-mag. Thanks for the brief chat by the way. :)

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Ouch, good thing there isn't much in that account! Np, buzz me up on chat anytime buddy..

Excellent timing and quality of article as well, the usual! ;) Thanks a bunch on the updates and news, pointers and thoughts. All for one and one for all! Namaste :)

Always great to read your rundowns, @infovore. I always feel up to date after these steem-mag posts. Glad you are back. :)

Congratulations @steem-mag!
Your post was mentioned in my hit parade in the following category:

  • Pending payout - Ranked 4 with $ 304,8

Great read, thank you!

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Thanks @playfulfoodie . You've got a nice blog too. We've featured food/art/photography bloggers in previous editions of SteemMag. Do you think we should do that again soon? And who would you like to see on such feature?

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Thank you!
Some extra exposure for those arts is always nice! I am really impressed by @milaoz's food posts. Besides that, I think @azfix makes beautiful milkyway pictures and our newcomer @sardonyxnumismat has already shown beautiful artwork.

Ofcourse there are many more talented people here on Steemit and I couldn't possibly name them all!

Oh this is great. Glad you posted, I didn't know there was a mag. Followed. Great job!

These are exciting times for the Steemit community. We're seeing real growth now and the rising price improves morale. Some people could become millionaires! I'm excited to see where it goes in the next year or so

This is awesome! I love how you managed to make this concise, yet full of insights. I had no idea about Zappl, for example, and now I'm pumped about it.

Uh-oh! awesome news for all :))))

great post!

Glad to see the SteemMag back @infovore!

Excellent to see you back and writing this again @infovore! I missed reading it on my weekend. Always kept me up to date on things going on around steemit that I didn't always have time to pay attention to. Following this new-account so I don't miss an edition.

I'm really happy to see that you are updating us again! Have a great time 🙂

my eyes went $_$ lol . great post !