Hey everyone!
With Steemfest now being over and me still regretting I wasn't able to make it there this year I've instead spent a lot of time watching the livestreams and the videos of them afterwards. I have to say I am very excited about the future of the platform and currency.
In case you haven't watched them yourself I really recommend to take the time to do so, the videos can be found on this youtube channel where last years ones are posted also.
The speeches I enjoyed the most were the starting one from @ned and the fireside chat, the one from @sneak, the devpanel and @hansikhouse talking about the Korean activity on Steem and the one about @sndbox which he runs with @voronoi.
Some really exciting stuff are coming up in the near future and I personally can't wait for it. As an altcoin enthusiast ever since Dogecoin was released I'm getting that same feeling I got when projects were starting to be built on the Ethereum blockchain. It feels lately like a lot of users forget just how young Steem is and only compare the price to other coins who most of the time have either released their total supply already or are close to it.
What stuck with me during the speeches the most was the addressing of previous concern about witnesses being able to handle the nodes and how the developers are working towards improving that by making some actions on the blockchain not require full trustlessness. The new things that are close to being implemented also sounded really exciting like the community layer hivemind, jussi, SBDS, yo and the comment widget, although I'm not the most tech-savvy Steemian I can't help but be excited over these new functions and improvements, especially SMT's that will open up so many new doors for Steem!
I've been thinking about going over these speeches that I personally found most interesting and quoting parts from them while giving out my opinion and thoughts towards it in posts but I haven't been able to find the time for it yet, let me know if you'd be interested to read more detailed posts about this.
Having said that, back to the main question:
What do you think about the future of Steem?
Leave a comment down below, in these #AskSteemit posts I reward good discussions more than usual.
I also spent the last several days checking out the live streams and then watching (after the fact).
I'm pretty stoked about Steem's future.
Generally, I have no idea what witnesses do or what nodes are... but I can appreciate and (kinda) understand smart media tokens. 😏
I'm most impressed (on a daily basis) at the great minds that are already a part of or joining Steemit. It's like it can't lose with so many on its side.
For someone like me (I just like to create content, play games and talk to folks) it's allowing me to do all the things I always wished I had time for. Now, I LITERALLY get to do them because I have incentive.😍
So... thank YOU. And thanks to everyone that does their little part.
Let's keep this party going!
nice
In a single word, moon. In more complex words: The Jovian satellites. We're going to end up orbiting Jupiter.
Between SMTs, other sidechain projects like zappl, busy, chain-bb, and the stuff I haven't heard of; there is so much untapped potential in the Steem blockchain.
I'm sorry but this "tothemoon" shouting doesnt help anybody. It only distracts rationals and confuse newcomers.
TO THE MOON! TOOO THEEE MOOOOOOOON!
Confused yet?
hahaha
But I think you get what i saing
I get it, just making a joke of it :)
I'm an old Doge coin faithful. I want to go to orbit! I get that this can be confusing to newcomers. :)
Me too! Still a dogelionaire!
Short version: STEEM becomes a currency and a world social platform.
Long version:
STEEM will receive more adoptions with more users joining - because they want to get Steem for other contents locked by other SMTs, or they want to release their excess manpower in accumulating knowledge for future readers. This essentially brings the internet back to a productive environment where knowledge could be developed between people without relying on advertisement income.
When more people realize they can get rewards by sharing their knowledge, they are more likely to focus on interacting with peers in the platform. Some users may also bring in cash flow that can be used to reward others, i.e. push up Steem price.
I starts writing tutorials on various topics since I joined - I did not do this for more than 10 years. I feel good and hope I can grow with others peers, intellectually and financially.
Cheers.
Very well put!
I had the same experience with drawing which I hadn't done in many years, steem brought the creative side back out from me.
I couldn't have said it any better. There are so many talented people that emerged because of the steemit platform.
While the SMT will be critical for the future of steem, i am also thinking the referal system to the steem blockchain. I know this is being mentioned in steemfest and i could not wait to see the detail and i know many people are waiting that to get all their friends actively involve in steem.
Indeed. New registrations is dropping many weeks in a row - check @netuoso reports for stats. If it continues, it is gonna be a problem.
Steem needs 2 things to deal with it.
Also some opinion leaders from outside the crypto world entering the platform should help. I see gaming and trading communities as points of growth here.
was it mentoin by the team behind steemit? When can we expect? That would be awesome :)
I completely forgot about that, hope they have some good solutions to it that doesn't make anyone lose steem that the people doing the referring get instead.
I guess I come at this from the non-tech, non-developer side of the table and for me, that question includes what do I think about the future of Steemit, the social content platform?
I think Steem-- the token/currency-- is on a solid path towards a strong future; I see all the apps, sidechains, SMTs and other projects as laying a SOLID foundation for answering the deeper question "What is the purpose of and economic reason for the existence of this cryptocurrency?" which I think will be core to sorting the wheat from the chaff when it occurs to someone that simply using the word "blockchain" is NOT sufficient reason for a currency to "exist."
In two, five, ten? years from now, I think the crypto world will settle into having a small number of "major players" and a veritable ocean of worthless shitcoins... and Steem looks good to be part of that top tier... regardless of whether it's an "inflationary" coin, or not.
As for Steemit? I don't know... an awful lot of front-end work will need to happen if this is seriously going to become a "category changer" to take on the likes of Reddit and Facebook, face-to-face. At the very least, all the major apps will need to be somewhat integrated into the Steemit user interface... a large part of the reason Facebook is as dominant as it is is that you can do everything "on" Facebook... the average social media user isn't going to flock to a platform that requires 17 separate apps to do 17 things... decentralization and its merits notwithstanding.
But you asked about Steem, not Steemit, so I feel pretty good about its future!
Agree very much on this differentiation. Steem I believe has a strong future.
But steemit I am not so sure about. It needs some serious love and attention - and strategic thinking.
Is it okay for the site to be fed to the bots? Can steemhumans rise again to bring it back to where it should be?
It would be a great shame if steemit went the way of Tsu.
And I believe a failing or ailing steemit reflects badly on steem itself.
Steemit must be hot, for the steem to rise.
SMTs SMTs SMTs!
We are just getting started. SMTs will start the next wave of steem adoption, making our current numbers seem tiny. Once we have lots of other websites being powered by the steem blockchain via SMT, the value of steem will be much higher.
Hopefully we'll have more use cases for real world steem applications too, I think @sndbox is doing awesome work in that area.
lol, i was thinking of SMT's all along then somehow forgot while writing it. Will ninja edit it in real quick :D
But yeah, this is only the beginning. :)
I had also forgotten to mention the comment widget that @val is working on.
You are right sir ....👌👍
After watching many of the excellent talks at SteemFest² I am definitely optimistic about the future of Steem.
Here is an index for all of the SteemFest² videos. It lists the title and speakers for each talk with direct links to the specific time in each video. I highly recommend it over searching through the 25+ hours of content.
Index for the SteemFest² LiveStreams
wow , thanks for this link.
I don't like comparing Steem with Facebook but in order to get a picture of what the future might look like let's say that Steem will have the same market cap as Facebook has today but we will reach it in 2030.
The current market cap of Facebook is around 500 000 000 000 ( 500 billion). In 2030 we should have around 600 000 000 Steem coins in circulating supply. So if you divide 500 billion with 600 million coins you get a value of 833 USD/Steem coin in 2030. Steemit as we already know Is just a part of Steem and might not be the biggest contributor to Steems future price. SMT has broaden the possibilities to be pretty much endless.
In conclusion I am positive about the future of Steemit and the Steem price. I am also very much impreased with how professional the Steemfest event was, to pull so many people together at one place really makes me see the commitment people have. I hope I will make it to the next Steem fest maybe I will be able to buy the plane ticket with Steem at that time :)
You were right about the price in that case being 833 USD altough you had an extra 0 in the 500 b and 600 m instead of only 6 in the total supply. :P
Guess they were just typos.
But yeah, now imagine the price if Steem could do what most popular websites do today, not just facebook. :)
Hehe yea these were sloppy typos . My bad hehe. Exactly Steem extends much further than jus Facebook !
In 2030 you can come back and read your own comment here, hope steemit dont go bankrupt and dead.
Even if Steemit would be dead by then there might be thousands of other cool things built on the Steem blockchain and with use of the SMT, in other words Steem doesn't only depend on Steemit
To be honest, the future of steemit is really depends on how much people change their behaviour against using the "social network". From only sharing to sharing for money. I have to say, steemit really is a revolution for all kinds of social network platform existing.
But I have to say, the speed is a bit slow compared to what I expected. Maybe we are not doing good enough, or maybe it's kind of hard to change the human behaviour. However, I believe that the behaviour can be changed one day.
I think events like SteemFest give everyone a boost of energy, and act as a reminder that a lot of people are wishing for (and working toward) a common goal.
I didn't make it to this year's 'Fest, either, but I was really inspired by the livestream talks I had a chance to see. I agree that there is a lot of untapped potential when it comes to Steem.
I was able to watch the fireside chat, but otherwise have not had time to see any of the video.
For folks like me, a summary with your impressions would be a great source of Steemfest information. Hell, I'd say I'd even be willing to pay more than an upvote for an in depth review of what was said! I can often read when. I can't watch video.
Look forward to seeing what you come up with!
One thing I can't get over: People don't understand what Marketcap is! I'm serious. So.. let's say there's only a 10% chance that Steemit goes to a 10 billion market cap. That's a 10% chance it goes up 40 fold from where it is today! It's priced as if there's only a 2% chance that will happen. When I see people from Patreon like David Pakman and others on Steemit (and Steemit is still in Beta!), that's extremely exciting and the market and investors haven't priced the risk to reward ratio properly. Once the barriers to entry are solved (my thoughts is that's why we're still officially in Beta), it'll be exciting times. Expecting great things in the next 6-12 months.
Exactly, I feel that's what makes Steem so undervalued compared to others right now. I'm guessing its also a mix of people dumping coins they've earned with low efforts or hoping they are trying to trade/invest their way into more profit on some coins while planning on buying back before Steem shoots up. Well, there are many scenarios out there but for now I still believe the current Steem price is a steal.
Lots of untapped potential that could one day become an amazing platform, so long as it's continues to be developed, grows its userbase, and stays on the right path.
Also, I'd definitely like to see you write a dedicated post on the speeches with your opinions on what was discussed and said.
I hope steemit will work forever.. And i wish before i die, i will hand-over my steemit account to my son and tell him,"this is the property what i stored all my life and now it is yours. Take care of my property and live your life."
I think Steemit as a site is good, I like the little UI changes that went on recently and feel a lot more could happen but no rush. I think Steem and SBD price is fairly stable for how much crazy stuff is going on with Bitcoin and many altcoins right now. Future feels good.
I'm curious with Yours.org being up if at some point Steem could ever be updated to allow for older posts to have payments allowed. Or maybe there is something in some whitepaper that explains that better on why that may not be best for Steem (I just feel for a Dtube to have full success this would be necessary).
Any specific Steemfest videos would you recommend watching for a good talk or Q&A?
The conference room 1 ones are good, especially day 2 with the fireside chat with @ned.
I am hoping the user base broadens out so that the quality and diversity of content continues to grow. It could become a virtuous cycle.
agreed
I am excited for the future of Steem and Steemit! I think people are growing tired of social media sites that do not have any depth (I know I certainly am) and Steemit will be the perfect counterweight to those sites. I do think that it will take some time before steemit becomes adapted by the masses, but I am quite sure it will happen and I would not be surprised if steemit would become the next reddit! ^_^
Will it possible to become Facebook Fans Page (which I do not like that much now)?
If more commercial companies come in, that they will buy SP and ask users to write something good on their products. Then, they would vote the customers.
We will have to see how the Steemit platform evolves and how the upcoming SMTs play into it's functionality - along with the other commerce applications being built on the STEEM blockchain play into this in the next 3-6 months. There needs to be a lot of home runs in order to stabilize the STEEM price - no less allow it to increase in value.
good question!
you know, I have come to Steemit from its Russian analogue - Golos and though they have common idea they are absolutely different!
and I must admit I love Steemit more now!!
Here is foreign language and it's very comlicated to make people pay attention to you but I really Love Steemit.
You know why? It is open and honest, there are people from the whole planet here and you have a chance to take your place. In Golos I have higher reputation and VotePower but I am about to leave it because there is no sense - a little company of friends decide everything there and it's a pity, even if you are great but you are not their friend you will have nothing.
That's why Steemit has great and powerful future!
and the price of it will be more and more!
We will have millions, do you agree?))
I agree with you a lot of people just associate the price of STEEM with how well the project is going. There have been tons of improvements and it is really hard to say how that effects the price in the long run. Because of the nature of this system not everyone is a pure investor like they are with coins that are mainly just a store of value. So it is like when the price goes up a new flow of new bloggers come in and often times they will cash out some of their earnings for their hardwork which is understandable.
I think we are going to see more and more of these platforms that provide 3rd party access to the Steem blockchain and continued improvements and community building. But I really don't know how that is going to reflect in the price.
This is one of the top 5 most interesting and most useful crypto projects but there is also a lot of hate out there for this platform on places like YouTube and reddit. Hopefully we can overcome that or that the community who likes it here grows big enough and the prices are at a place where it doesn't really matter.
It's going to run into some major challenges come 2018 due to more and more social type systems coming out that are like it. There are a number of them close to completion and will soon launch. Depending on how well steem can do to be the leader or of this type of networking and adapt to changes and new features it should do well. To many factors to say though honestly, but it will all come down to innovation and standing out in a good way.
That's what I've heard about projects like Synereo, Akasha and yours.org also, they have yet to show anything for it. I think Steem is way ahead in comparison and it will take a lot for any other open-source project to pass it.
yup for sure but what it does lead to is an interesting 2018 full of competition and innovation which I love! Just keep your head on a swivel i'm sure we are going to get blasted with new features and interesting untested items.
Also Steemit is hardly for someone who just wants to post a selfie or whatever they ate that day. It might even get a big downvote from a whale who despises shit contents.
Maybe Appics will lead the way.. Steemit will stay as a niche blogging platform and Appics will broaden the users.
What happens if Appics get bigger than Stemmit? Will the price of steem still go up or should I put all my money in APPICS coin?
I've heard a lot of pessimism recently, but I don't think steemit and steem are gong anywhere anytime soon. Everyone was doom and gloom when steem dropped to .07 but it came back strong. That being said, it seems like interaction on the site has dropped. Less votes, less, comments, more bots. This might just because the attacks on steemit.com and the problems following gift weeks after. If steemit will be a long term success, the real steemians need to be louder than the bots. More commenting, and more upvotes on comments to keep people engaged. Posts like this one are great at promoting dialogue and showing newbs the social side of steemit to keep them around even though they don't have sp. Overall, steemit is still an experiment and we're still figuring this shit out. I think the future is bright. I'm not powering down.
Steem is really good platform espically for blogger and vblogger to share theor thtough and view. As its model blogger and vblogger can easily know how much they earn. But tbh the platform can improve further more if platform is more friendly to series story writer. For example the post could be categorised in which the reader can easier to read the story from the beginning.
Just one more mean : WAIT AND SEE
Because not so long again STEEMIT, Cryptocurrency and Bitcoin will dominate the world of global finance in the era of digital money.
My favorite part was when @jerrybanfield said he thought about @berniesanders after sex.
Also ned mentioning OCD was pretty tight!
OMG! ME TOO! I was drinking coffee and almost lost it!
XD
I haven't seen a lot of these videos that you are referring to- I'd be very interested in seeing your "reader's digest" versions of them.
If SMTs are adopted by the masses, I guess the future of Steem is pretty bright. Definitely brighter than Dogecoin.
Haha, aww poor doge.
I'd love to go to SteemFest some day. This year not possible for me unfortunately but I keep my hopes for the next one.
Investing every SBD into steem right now!
My personal opinion after spending around 1 month in the platform, Too many bots are ruining it. In future, only bots will communicate themselves. Human interaction will be minimum.
And I got one handsome upvote by a bot. Kuddus!
We are still pretty much at the beginning. Steemit is just 2 years old. Since Steemit is Open Source anyone can work on and with Steemit. This is something very special, because almost no other social network acts on this principle.
How I see the future of Steemit:
Steemit is becoming much more popular. It will be like Facebook, Twitter or similar. used by the majority. The price for 1 Steem will be between $ 7.50 - $ 10 (no technical analysis - just from my feeling). Many celebrities become aware of Steemit and start using Steemit, which makes Steemit all the more popular. (Hopefully)
Steemit is currently in English. I believe in a version where you can set which language is displayed will come.
Steemit will be a used for many ICOs.
With the Smart Media Tokens (SMT), not just a new, 50-page white paper was presented. Ned Scott, tuned the Steem and drilled it into a true coin fabric. He gives, following his words, each the opportunity to set up and publish their own "proof of brain" tokens. So in effect, to sell coins. Tokens against performance or vice versa. The token system goes far beyond Steemit, accesses any, their own websites, but can also be used within the Steemit system.
I can see a very bright future of Steemit and I am glad to be a part of it and this great community.
LOVE&LIGHT for all of you :)
Creating such powerful fests gives me faith in the future of the platform. I also regret that I do not have the opportunity to attend such a wonderful event. But do not regret it, you will do many useful things while you were beating us here at this time;)
According to my point of view the future if steemit is so bright and we all have to work for it it will definatly help us by financial and also take the place of some social media
I am really positive about the future of steemit esp with all the new projects produced and everyone seems to want to create real value for this platform, including me. Keep us updated @acidyo with all the new contributions.
Definitely interested to read more @acidyo
In this Steem blockchain, empowerment of the community will be a deciding factor in the future. Finally, we will see the logic of no advertisement and reward sharing is a good idea to share business revenues.
I'm glad you asked this as I can read all the great comments here that are brilliant.
Just a gut feeling, but I think that the Steem blockchain and the Steem token have very bright futures.
But I'm no longer as wildly optimistic about Steemit.com's future as I was just a few months ago. It seems to be a bit of the bastard stepchild of the Steem ecosystem, kind of a loss leader.
But maybe that's not a bad thing. If SMT's prove to be as huge as I think the might be, as a holder of Steem Power I'll have nothing to complain about.
I think the crux lies on the user base, which is still relatively small now. However, It’s still in beta and undoubtedly SMTs and other great projects going on can bring a lot more values to STEEM. If more effort is spent on marketing, for example, advertisment, official mobile apps and referral program, it may bring thousands and even millions of people(and investors) in, and the recent soar of Bitcoin will definitely let more people notice STEEM too. After all, so much potential inside STEEM, and it’s total supply is just slightly more than 1/10 of Bitcoin’s.
I wish steem will go mainstream and more people use steem and stop using facebook and other good for nothing social medias
I think steem will be the next best thing in the internet
Why steemfest doesn't use dtube for hosting videos?
I think if steemit is ever going to take market share from facebook it needs to become more like a social network and less like a blogger site. I kinda feel like your expected to give high quality comments and posts or else it's almost like your looked down upon. I think expectations for quality would have to be lowered to meet the level of an average person.
steemit is one of most successful website in the world.i hope this website goal in top 5 in next 5 years.thanks for share with us this great post.upvote with resteem your great post my bro.
According to me if I talk about this well there are many points which I have to discuss as we know that it's a growing community and very soon it will be realised by all over the world .but my very concern is that it's not actually a wise platform. Because many many many more peoples actually doing great effort to create a good content but not get the reward because even though all then you are trying to follow the upper one. other than that I know that the future of stomach is very bright because of its acceptance and its Team Management thank you.
Good morning steemians.
Its nice to see such a post like this when you wake up in the morning. I have to say after creating the steemit account of mine, I almost forgotten that i had social network accounts before. Spending all the time in steemit after creating an account of steemit. In this great opportunity I have to say that my life is completely changing after joining with steemit. And for the rest of the world I would like to say that steemit is the platform that anyone's dream could be achieved, people's life will be changed by steemit. I find steemit so interesting and exited after about a week joining steemit. And looking forward to build my life with steemit.
Thank everyone for the support. ❤️
Nowadays very few people know what steem is. Lack of information is the thing that really affects it. I hope more and more will know about what Steem is. Steem can be widely known by the public. Especially with the existence of Steemit platform itself, increasing the curiosity of many people about things related to Steem. Hopefully there will be more changes in the future.
In 2022 bitcoin & steem at the top of the world of cryptocurencey for sure.
Keep going on
I hope steem future keeps good @acidyo
i remember
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