My story of the lost letters and discussions on what Steem could be like in five years time
A few years ago, whilst I was still in uni, a few friends and I decided to enter into an agreement. The five of us decided to write letters to one another. The catch was that all the letters would be locked up in a box for five years, at which time we would all get together again and open the box to read what we had to say to one another five years ago. Interestingly, two of these people later got married. So it would have been fascinating to read what they had to say to each other back then.
Unfortunately, several of us moved interstate after writing the letters, so we never got to Actually open them. But I’ve often wondered, what did my friends write in these letters?
The reason I bring this up is that I’ve been thinking about what Steem would be like in five years time. With all the recently proposed changes and new features to be rolled out by @ned and @dantheman over the next few months, I’m excited about the future of Steem.
Could Steem live up to its potential and be the next big thing?
Here are my predictions for Steem in five years time:
- The price of Steem will have risen from a low of $0.04 in early 2017 to a high of $43 in 2020.
- Large companies and organizations will take significant positions in Steem, and will have a big presence on Steemit and related Steem projects.
- Active users on Steem will be in the tens of millions.
- Thousands of projects using the Steem blockchain will be developed, with many of them disrupting industries such as; remittances, travel/accommodation, stock exchanges, banking/finance, online marketing, and social media.
- Millionaires will be made from those who were early adopters and held on to their investment.
What do you think?
Am I only dreaming, or do you think this could be a reality? Let me know what you think in the comments below.
I hope to read this post in five years time, and give myself a big pat on the back.
Jimmy
Maybe you are dreaming - in which case I am having similar dreams. The potential is there, if the right decisions are made now. And if it truly does go in that direction then the early adopters who stuck around will be glad they did.
Do you believe the price will fall further into early next year to 4c?
I guess no one knows whether it will fall further, but I'm guessing 4 cents based on the supply that will come on to the market if the power down period is reduced to three months. I'm hoping it will so that I can accumulate more. But its really encouraging to see the price action today.
Yes that's true, extra supply could temporarily reduce price further. I'm with you though - this would be an even better buying opportunity.
In that case, I will ride my jet plane with my family and fly to Melb to pick your family up then fly all the way to Amsterdam, which held the first SteemFest and later becomes the Global Steem HQ. We will enjoy the finest red wines and cuisine in a castle that you bought, with Steems of course, for all the poor people to stay and steemit (hence they won't stay poor for long)....
Oh, man, please, don't wake me up now ... zzzzzzz ZZZZZZ...
lol Dean. Too funny. :) look forward to sitting in your jet. :P
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