Steem: A Blockchain Front Runner
As the price action continues to be red and the value of Steem swings down, I hope to highlight the facts through this post that will help newer Steemit users see the true value of Steem. It is natural to be affected by downward movements in price but it is important to see the real significance of holding a long term crypto asset like Steem.
Activity
First and foremost, what is heartening to note is the activity on Steemit that continues unabated, irrespective of the recent price fluctuations. Undoubtedly the promotion by users seems to have paid off in the form of an increasing number of users, especially those who are flocking here from Facebook and YouTube.
Rewards
Steem is unique because of the ability that it will offer to website owners to monetize their sites. It is also the largest monetizer of content on the web due to the rewards being given on Steemit to content creators. The large number of users in terms of Steemit bloggers as well as site owners will make everyone online take notice in the weeks and months to come.
Steemit
Steem has a popular social blogging platform to support it - a place that is always brimming with activity. With the large number of transactions taking place in Steem and SBD it makes Steem a growing challenger to other competitors in the cryptocurrency market. The fact that Steemit is now seen as an alternative to Facebook and YouTube is proof that it is a fast evolving platform that has captured the imagination of people.
There are several thousands of users online on Steemit with a total user base of three quarters of a million, growing fast every day. The activity that takes place in the form of posting blogs and comments, as well as upvoting is unequaled by any other blockchain based platform.
Usefulness
It is important to know that unlike many other blockchains, Steem is not driven only by speculation but by the usefulness and activity of the Steemit platform. The amount of Steem keeps on increasing while other blockchains have tokens that are overvalued due to mere speculation.
SMTs
An increasing number of people are coming online every day due to easy internet access around the world. They browse the internet and access websites for information and shopping. Steem will augment the already extensive use of the internet by means of rewards for site visitors and forum members with SMTs. The proof that reward tokens for content works can be seen on Steemit which has thousands of regular bloggers and curators.
Once the SMTs are in use people will prefer to use Steemit or a website where tokens are available, instead of Facebook or YouTube. Those who post good content will always appreciate the fact that they can get rewarded for their work.
Stake
By having a blog on a sub-domain on Steemit each user has a stake in the platform with the witnesses being responsible for the blocks. No single person owns it and it is truly decentralized.
Conclusion
Steem is a dark horse when compared to top blockchains like Ethereum and others. But when the world realizes ghat it truly solves the problem of monetization online it will surge in value and take its rightful place in the Top 20.
I hope these points will encourage you to see the true potential of Steem and continue your blogging and participation on Steemit.
If you would like to receive more upvotes on your posts, join Steemfollower by clicking here, and get additional upvotes by upvoting others. It is a service that is free of cost and very easy to use. The best part is your post will get seen by more people and also get upvoted by Steemfollower users.
Would you please UPVOTE and RESTEEM this post so that it can reach others too? Also do FOLLOW me for more useful and interesting posts.
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Image sources: Pixabay, Canva, Giphy
When everythting is bloody red in the crypo world, Steemit trives even more. That's what I'm observing, and yes, I strongly believe in Steem(it) in the long run! Great post!
Good to hear that you believe in Steemit as a long-term user.
Wish you all the best in your Steemit journey!
I know I am only recently new to Steemit, but I can already see a path to mass adoption. I have signed up 8 friends over the past 10 days , each needing a little less convincing than the last. I have a lot of talented and interesting friends who are already blogging and creating content for nothing, now they eagerly await for their accounts to be registered! I think that we could easily achieve 5 million active users in 2018. What do I base that on though? I guess it’s only based on the amount of hatred I have for Facebook now that I’ve joined here 😂
Good work by signing up your friends! I hope you attain success on Steemit with your initiative and participation.
I agree. It's only a matter of time steem will return to last year's values and go even further. Thank you for sharing!
Welcome!
It started going up in December last year and touched over $8 in early January. Should go up again soon.
So well written and I think your spot on, Steem and Steemit are still pretty much unknown and hidden off to the side by the big players but I do feel the chance will come when people start to see tallthat it has to offer
Thanks for your comment.
The big players are driven by speculation while value and high quality content propels Steemit.
Yes that’s so very true
The steem and steemit community are poised to really grow in my opinion for all the reasons you listed. I am in here for the long haul as is most everyone that I know on here, I also see accounts that have been dormant for months that the owners have found their way back in and are becoming active again, which in and of itself is a very positive sign in my opinion.
Success is more or less assured for those who stay on Steemit for the long term. Unfortunately, most users have high expectations when they join and leave when they realize that they have to work hard for success.
Good to hear that you're here for the long term too!
Steemit has it's detractor, but you bring up a good point that even when cryptos are dropping the activity on the Steemit social platform "steems" ahead.
It seems it's value as a social media platform on it's own (disregarding the monetization part), is not to be underestimated.
Thanks to the promotional efforts of many users especially in their countries and communities, Steemit has seen a large number of users signing up.
Also, YouTube rolled out some new rules which made many of their users come over to Steemit and find it a much better place to be in.