What the heck is Cryptocurrency 2.0?
Well I just made it up; at least I think I did since I have yet to hear anyone else use it. Nevertheless, for categorization, it works.
What do I mean by Cryptocurrency 2.0?
When we look at most of the tokens on the market, most of them were acquired by early adopters. In fact, we are still in this phase for the most part. Whether it was anarchists, geeks, technologists, futurists, or the anti-establishment people, these groups formed the core of the crypto buyers since Bitcoin came out. Many of them jumped on BTC, LTC, and ETH when they were to be had for a song compared to now. These same people were the early purchasers of many of the other alt-coins we see on coinmarketcap.com.
We are now seeing the second wave of buyers: finance people. Wall Street is here and, in my view, one of the main reasons the marketcap went from $250B on Thanksgiving to over $625B less than a month later. We are going to see more of this behavior over the next year.
What all these groups have in common is they entered the cryptocurrency realm with money. They bought their way in. Even those who mine tokens had a capital investment (which kept escalating as competition grew).
This is what I call Cryptocurrency 1.0. All the tokens out there that require purchasing. Naturally, many of these coins will evolve and can move into the 2.0 category but I want to keep the distinction clear.
So what makes STEEM Cryptocurrency 2.0 and why is it important?
STEEM, along with a few other like Manna, which I wrote about yesterday, do not require money from people. Their acquisition is tied to why it exists. STEEM is a reward for posting, commenting, and upvoting. While it is available on the open market for purchase, people can sign up on Steemit.com and start receiving the cryptocurrency.
This point is crucial as we travel down the path in the next couple years. In my estimation, after we get through the financial people and their Wall Street money, we will be at the point where the general population is the next to enter. This is where it gets tricky simply because I do not believe the majority of this group will ever buy a single token. They are not speculators, early adopters, or tech people. Hell, most of them do not even contribute to their 401K. Whether it is because they cannot afford to or simply do not take the time to concern themselves, the bottom line is they are not going to be buyers of cryptocurrency.
At this point, we are presented with quite a problem. We know that we are seeing the move to a tokenized world. Therefore, if these people will not purchase tokens, what is going to happen? The answer is STEEM, Manna, and a few others. People will get tokens simply for participating in what the token was designed for. Tokenization is going to happen to all facets of the Internet.
For this reason, the coins that I believe will be successful, outside a few of the big ones which could be transactional and store of value, will be the ones where the average person is given the token in accordance to what is was designed for. This is Cryptocurrency 2.0 and STEEM is already operating on this premise.
To me, STEEM is ahead of the game. While other tokens are trying to figure out where they fit or how to scale up, STEEM is chugging along in keeping with its design. Over the next 6 months, we will see at least another 500K people sign onto this blockchain. These people are not early adopters. They are second or third generation Steemians referred here by someone who is making some money.
The situation only magnifies when we get towards the second half of 2018. My forecast is that we are going to see some substantial growth rates by that point. Almost all of those people coming on at that time will have no interest in cryptocurrencies. Naturally, they will learn the basics since STEEM is the currency of the platform. Nevertheless, that will be the extent of their learning. From this viewpoint, I guess the fact that Steemit.com prices things in dollars on the site is a benefit.
For those wondering what the "winners" will be over the next few years, I would suggest looking at those tokens which have a utility to them which the average person can get involved with. In other words, is the token utilized as a reward for some behavior? Is the basic essence of the token tied to some activity. On Steemit, STEEM is a reward for one's participation as a content creator/curator. With Manna, the token was designed to be distributed as a basic income. Bitradio is similar to IHeart and rewards people for listening to their stations.
Whatever aspect of the Internet or online activity you look at, at some point there will be a token to reward people for it. Search will have tokens; web browsers are on the way (BAT); storage (SIA; STORJ); porn (Vice); photo sharing (appics); the list will expand over the next year.
These are all part of what I consider to be Cryptocurrency 2.0. While some of these projects might not make it, I feel STEEM is not in this category. It is far too advanced for what it was designed to do. Already we are seeing an average of over 1M transactions a day on this blockchain. That is a lot of activity and presenting a widening gap from the other tokens. There are 35K active daily users, most of whom are very dedicated to this platform. Since the reward pool is established and cannot be changed, there is little incentive to leave. This core ensures that this blockchain will keep growing.
Tokens are to the blockchain as Email was to the Internet. It is the first application that many are to experience with this new technology. However, make no mistake, just like email was not the only application for the Internet, tokens are just the first stage of blockchain. Back in 1994, when people were still messing with dial-up and learning about basic email, the idea of Facebook or YouTube was beyond comprehension. Even if you could envision it and tried to explain it to the people them, they would have blown a gasket. It was too much. The same is true now. Most of us cannot even think about what life with be like with DAOs or any of the other applications which will be on the blockchain in the next 10 years.
STEEM is already ahead of the game with the direction of cryptocurrencies and the impact of blockchain on the social media realm. This will provide a wonderful ride upward over the next couple years. The fact that the token is positioned like this gives STEEM an early advantage. Of course, the success long-term is going to require the continued development as the world transitions from Cryptocurrency 2.0 to whatever 3.0 is going to be.
And keep in mind, none of this has anything to do with price action.
If you found this article helpful, please upvote and resteem it.
Pictures by Google Images.
Yeah Steem has its game-theory/platofrm abuse problems, but from a technical standpoint, it's waaaay ahead of most blockchain projects. Transaction fees? Feh, we don't need those. Long confirmation times? Nah, it's almost instant. Copying and pasting long strings of random numbers and letters? Nope, just send to a username. Tons of transactions clogging up the network? Nope, we good - and handling more than almost anyone (maybe anyone?).
Speculation? Nope, it's a fully realized use case with real users.
I'm riding on Steem big time.
Absolutely @dhouse.
You nailed it with this comment.
Steemit and some of the other apps have their issues, both from a technical standpoint and a human one. However, the steem blockchain is fabulous.
Look at LTC, BTC, and ETH....they have scaling issues...bogged down chains...rising transaction fees....etc.
Now, I am confident with all the developers on those chains, they will get past all the issues in time. However, what is the utility of those tokens. Sure they could be money...but people would still need to buy in. If the tokenized world does take off like I believe, I am sure they will find a way to get it into the hands of people....
Yet Steem already figured that one out too.
This was an incredibly insightful post and puts a perspective on the next wave of cryptos that I had never considered.
Suddenly I can see it. All kinds of activities, including work and leisure will be rewarded with coins or tokens.
If you build houses, you might get "Brick" tokens as part of your reward. Go shopping and you might earn Green Shield Stamps, which are valuable to exchange for other goods in the same store. Go to a casino, and they may give you some free tokens to play with while you get hooked.
The possibilities are endless.
As you pointed out, steem is well ahead of the game.
I wrote a blog this morning referring to steem's value as a "vanity" asset. Steem is to bloggers what lipstick is to ladies. It gets you looked at. You get attention. People follow you for it.
I also agree we can not imagine how things will evolve.
When I got my first email address in the early 1990's, people laughed at me. The only person I could send an email to was myself. There was no point in finding anyone else. They didn't know what I was talking about.
I ended up finding an advertising site which would send you a daily email with advertisements. It was the only way to know my email address was working. Today I'd have hundreds of ways to test it. Back then it was the only way.
Resteemed.
Thank you for your comment @swissclive.
The tokenized world will see us having 20-40 income streams. What to motivate people to exercise, there will be a token. Eat healthier? Token Spend time with the elderly? A token.
Here a token, there a token, everywhere a token....perhaps my next post needs to be able the tokenized world and what that will look like.
With tech, people seem to think what they see before them is what is going to happen. Few understand the exponential aspects of technology and its growth. It is a compounding world. There are so many factors which go into this explosion that people are caught off guard.
Even with tokens, it is so early in the game. There are, what, maybe 20M or 30M worldwide with tokens. Just presuming it is 50M, this planet has 7B people on it. The idea of a DAO really blows people's mind. How do you have a company that has no management, requires no workers, and handles all decisions on its own? For those who think AI is the Terminator, I guess it is outrageous. However, for those who understand decision trees and how AI is now being created to follow that, it makes a lot of sense. Most decisions are nothing more than glorified it-then statements.
LOL at the emailing yourself. Feels that way with tokens.
No worries though, I am sure you get enough email now to make up for it in the early days.
If cryptos follow the path of email, i guess we'll all have so many tokens - that we didnt even asking for - showing up in our wallets, and everyone will hate crypto but reluctantly admit that there's nothing better ;-P
So crazy to hear the bits and pieces of possibility! I think that sense of possibility is one of the key things that got me more deeply interested and connected to the platform/cryptocurrencies in general. It's really, really exciting.
I always learn something new from taskmaster.
It’s amazing how far everything has come since our crappy 28k modem
Dial up back in 1996.
I’m wondering how many people will use tokens like these as their main source of income within the next decade!
Wouldn't those tokens just end up being another "bonus on your bonus-card"?
Very good article! I've been trying to tell people that we are still in very early days with crypto. I agree with your assessment that probably only a fraction of 1% of the world has even started on the path towards getting involved. The crazy thing to think about is when (and I really think it's a when and not an if) 20-30% of the world starts to participate, the overall marketplace will be so gigantic it's hard to fathom. The valuations on some of the "early" tokens/coins is going to be mind-blowing.
One of the things I've been thinking about and wondering is how this marketplace is going to evolve. I see where you're coming from with the "tokenized" world and it makes sense. I can't quite envision how that's going to play out yet....but, that's basically what you're saying in this piece: we can't even imagine it yet because it's so foreign to what we're accustomed to. Since you seem to be ahead of the curve in thinking about the future, my question to you would be.....
How do you see these blockchains and the "companies" behind them evolving in the future? In the stock markets, you have companies that want to expand their technologies, distribution channels, etc....and they do that by buying out other companies or "mergers and acquisitions". Is that going to be possible in blockchain? Can, say Bitcoin, for example, "buy out" Litecoin somehow? Or Dash? Or something else? Could Facebook at some point see the writing on the wall and decide they want to buy SteemIt? I'm not saying they would or that SteemIt would sell....or that it's even possible..... I guess that's what I'm asking. How do you see this marketplace evolving? I don't have a clue at this point. Any insight?
I have only been able to get three people to join Steemit so far. At least a dozen others I’ve tried with have looked at me like they’ve come to the conclusion that I’ve finally gone senile.
But I intend to keep trying.
I know, a lot of people say that they "will give it a try", but never actually do. Steemit looked confusing to me when I found out about it😵
I agree. D.Tube and Zappl are a lot less confusing.
I think they are going to be the entry points for many users since it is so simple with no real learning curve.
OMG, look at the volume.
A few months ago, Steem had a daily trading volume bouncing around in the $600,000-$700,000 range.
In the last 24 hours, we have traded $100,000,000.
A few months ago the price was $.85...now it is 8 times that. LOL.
But you are right...I remember one member on here who was stating that he decided to power down since he lost so much money on STEEM while BTC went through the roof, pointing to the lack of trading volume as evidence this was a dud.
Oops.
Nice vision with the next step of the cryptocurrency and the way the blockchain grows, get more mature and start to be widely adopted. Indeed also I think that one token only is not enough for a platform and what STEEMIT did it just covered all the based in order for the participants to get what the wanted to from it (or at least what they needed to). This might be a recipe for success and while it might need some refinements along the way, the structural base is the one that is important.
What is not clear to me is one thing: Yes nobody buys Steem in the market. So, are we left without payment? Does Steem have value only if there are people buying it? What would happen if Steem had no use for a person who is not part of Steemit? Would we only sell Steem to those who want to buy Steem to increase their Steem Power?
I wouldnt say nobody is buying up STEEM...there are over 60M tokens out there that are not in SP....and recent price actions says there is a lot of activity.
STEEM has a built in use in that it was designed to be reward for content creators. As long as people are creating content there will be a demand.
But you do bring up a good point, part of STEEM's evolution will need to be a place to spend it or, at a minimum, a conversion from STEEM to fiat.
I am sure we will see more of that coming in 2018.
Exactly, I'm not talking about at this time. But for example, if I want to buy something with my reward in Steemit, I change my Steem in an Exchange, and then that to Fiat. But what happens if nobody wants Steem in the Exchange? I mean that the Steem is sustainable for now because there is a lot of speculation in the Exchange, but when that does not happen. What will motivate someone to create content in Steemit if they can not later change their Steem to fiat money? In case that happened, would Steemit have to introduce advertising in the publications?
Actually the amount of money available on the exchange keeps decreasing....even though the amount of STEEM is increasing. That means the rate of STEEM bought up and put into SP is outpacing the amount of STEEM powered down.
As long as there are people on here blogging, STEEM will never go without buyers on the exchange because there is utility in the token. If the price drops far enough, myself and hundreds of others would be buying (perhaps thousands).
Plus we are getting new bloggers each day...a certain percentage of the newer people signing up over the next year are going to use some fiat to power up and increase their account.
STEEM has built in buyers, the one using the platform.
@taskmaster4450 . There are so few people with this kind of logic. Everyone should follow you and learn from you so they can talk common-sense. I will repeat a few important comments you just made:
As long as there are people on here blogging, STEEM will never go without buyers
there is utility in the token
If the price drops far enough, myself and hundreds of others would be buying
we are getting new bloggers each day
a certain percentage of the newer people signing up over the next year are going to use some fiat to power up
Thank you for the kind words. I believe that STEEM has so many things going for it that people are astonished. It appears that most really do not know what they are sitting upon...the power of the blockchain and some of the creative moves that were implemented when this was set up.
STEEM has a built in ecosystem for success....at this point, for those on here, it is already a raging success.....even if nothing changed, we would continue on just like we are. Organic growth is coming so that "keep it as is" is not possible.
STEEM will only move higher as the blockchain expands.
Definitely some newbies will use fiat to power up their account. That's what I have done. It's useful to have a lot of it. Steempower is to bloggers what lipstick is to ladies. It gets people to look at you or in the case of steem power, to read your blogs.
Simply put, it is another vanity asset.
Lipstick, perfume, a Rolex, a Lamborghini, or steem are desired because they
Interesting analogy and one that is accurate.
There is no doubt that SP (and the associated VP that goes along with it) gets one noticed.
It is also the engine that drives this ecosystem so there is a practical use along with the vanity. I keep powering up to add to my standing on this platform. That is what the system was designed to do...give more power to the people who contribute more. Of course, on a platform like this, said power is spread across the entire user base so it isnt as if one is in control.
That said, I know many who would pull out their fiat on a large pullback and power up more. This is the cycle of success which is almost guaranteed.
Yes, but that would not be a kind of ponzi scheme? since people need to buy, so that others can earn money to spend, the content creators depend on the existence of new writers who want to buy Steem.
Not if the content creators are the ones buying the tokens if nobody else is.
I can assure you, if STEEM dropped back to $1, I would be buying tons of it....as wold many other people on here.
The reward pool is set and will not deviate from the payout (in STEEM) established in the blockchain. Therefore, even if we didnt add one more user, this blockchain would keep going with the same 35K-40K posting, upvoting, and commenting.
And what would happen as each of us kept doing that...we earn more money.
You're right, but I do not think you understand what I'm trying to say. With the Steem you can not buy anything in the real world, you can not buy clothes, food or medicine, nor pay gasoline. That is, you need to change your Steem for fiat, and that fiat will be given to you by new users, or people who are already on the platform and want to buy. In both cases, the Steem would not be fulfilling a function that can not be replaced by fiat money, and the only ones that value it are those who want to write in Steemit for pleasure. Or am I wrong? that's my question, I see the Steem as a method to reward content creators. But unlike YouTube, for example, which pays in fiat money, and that creators can use it to buy products, the Steem must first be exchanged for fiat money
@taskmaster4450 . It looks like you have done some research into the holders of steem, what's in SP and what's floating in Steem. Did you publish it already? it will be a very interesting study for me to read. Also looking at the flows in and out of SP and what the conclusions could be.
One question.
While I agree a Steemit-like system could be the Cryptocurrency 2.0 system you're positing, how does it work with Steemit, where most Steem has already been mined? And the whale situation is exactly the "early adopter" case you're presenting.
How does that jive with the rest of your hopeful message? I mean, it's true, in theory, but in practice, that ship has already sailed for Steemit and Steem.
Steemit is just an app...one of many that are already on the platform. There is also busy, chainbb, DTube, Zappl, Steepshot, and there will be a host of others from the SMT program. There are roughly 40K daily active users, so I am not sure how you believe that ship sailed.
As for STEEM itself, there are still 60M on the open market. Plus, as more sign up, the power of the Whales diminishes since their holdings, as a percentage, are reduced. The fact that 75% of the reward pool goes to authors means all new users are taking a piece of that pool. Combined, they are cutting into the Whales percentage.
If memory serves me, the 1% holders dropped from 88% to 81% last year.
Yeah it is very exiting meanwhile here in Australia and elsewhere the banks have started throwing their weight around.
Just yesterday some of the big boys anounced they would be blocking incoming and outgoing transfers from known crypto exchanges citing prevoius complaints.
At least steem keeps my entertained even if banks do want to stop me from being to capitalize in the future
The banks wont go quietly...we know that.
That is okay...let them think they still can do something about any of this.
While they are operating according to the bankster handbook, there is an entirely new model arising. This is not a whim or just something to try out but fundamental changes in the way commerce is taking place.
A great summation of what is happening with tokenization, and the crypto world. You hit on one point that is really a big deal; when Wall Street money starts flooding in, you know it's something big!
I believe Steem is poised to be huge. It was sitting at $6.14 just minutes ago, but soon people will be wishing that they would have gotten it at that price.
One of the great things about Steem is, it has Steemit supporting it, and with Steemit growing by the day, it only makes sense that Steem will do nothing but head skyward.
Steem to the moon. Lambos mansions and Yachts for all! :-)
Thanks for a great article.
Insane to imagine what you are predicting. I too believe that we are on the cusp of something bigger than all of us. Will it really be steem or some other platform that pulls in massive amount of people therefore bigger demand for crypto is yet to be seen. I hope you are right and we see steem tourch the crypto market cap :) Thanks.
Thanks for the comment @mawit07.
I think it will be a combination of many blockchains that draw the masses into tokens. STEEM makes sense since it is a social media platform and that is a huge market. However, we will see tokens created for all that we do online, probably within the next year. That should start to break the resistance people have to cryptocurrency.
From what I understand of SMT it may likely make steemit a decentralize exchange too. If tokens are stored exactly the same way as the current steem and SBD then this is hidden value that has yet to be unlocked. The potential of something great in the cryto space is upon us. Really wished I started investing sooner. :)
The Steem blockchain is already a decentralized exchange. steemit.com/market
Right now the only two things traded on there are STEEM and SBD. With the intro of SMT, since all new tokens created with that protocol are paired with STEEM, they will be traded (I presume) on the exchange also.
But I do agree with you...this is another overlooked point by most. As the banksters send their government cronies out, we will see the increased usage of decentralized exchanges...Steem is already in that market.
This is exactly the way I see the crypto space evolving. December's huge move in market cap almost had to be institutional investors, and that is somewhat supported by the selloff over the holidays, especially on the Friday's before the long Christmas and New Years weekends.
Adoption by the mainstream will certainly be the next step, and is an exciting time for utility and transactional tokens. Imagine if STEEM or SBD becomes a transactional coin in addition to the utility function - that could be the birth of cryptocurrency 3.0
The excitement comes as mainstream adoption accelerates, and honestly this could be several years and up to a decade in the making.
STEEM could well become a currency in the traditional sense since it has a fast blockchain and zero transaction costs (at least directly to the one conducting it).
We shall see how that all evolves. I believe there will be hundreds of currencies used as money down the road...in fact, I can foresee multiple currencies in the same transaction.
I foresee STEEM becoming a currency in the traditional sense as it has everything needed by a transactional currency. Add to that a user base of several million and having a STEEM debit card might not be too far fetched. When atomic swaps become a reality any currency should be able to be used easily.
I agree with all that you wrote here.
A lot is possible depending upon the direction some people take it.
The great thing about the blockchain is that anyone with the know how can develop any of the things you discussed. It does not require permission or an agreement from a company.
If a programmer can create some of that stuff, like a debit card idea, then it is open season on that.
i love 2.0 version of cryptocurrency but the only thing is missing 2.0 version of steem is that it is not available in most of the exchanges...there is difficulty to buy steem
The STEEM to fiat conversion is being worked on. Zappl reached out to a number of exchanges seeing if they would have an interest in adding STEEM. @jerrybanfield also mentioned the need to set up an internal USD to STEEM exchange....
I do not know where any of that stands at this moment.
You will not believe, today I saw Steem for $ 6. Do you know what I thought first? Did @ taskmaster4450 infect everyone with his faith? In the current price for Steem-a drop of your merit! Good luck to you.
Thank you @cranium but I doubt that my writings are the reason for STEEM at $6.
I can say, based upon a few comments, I did get a few people to stick around who were considering leaving based upon recent antics on here.
In such cases, we are told: "a drop of stone sharpens." The meaning is the following - permanent, even insignificant, actions can make great achievements.
You make some good points here. When speaking to people I know about crypto I always suggest that the ones who don't have much money or are very cautious with it get on Steemit and earn some for free. This platform has the potential to introduce the masses to crypto because the reality is that not everyone has spare money to invest or feels confident doing so.
That is why I love the basic income project...it gives the token away for free...they simply sign up and get it in their wallet once distribution starts.
Great article, thanks. I agree that more widespread "tokenisation" looks like the next step - 2.0 as you put it well.
Just wait until Facebook, Amazon etc bring out their own token and then the masses will start to "get it".
The pace of change from here on is going to be immense!
Facebook is already partnering with Litecoin.
The challenge for them bringing out their own token is that, in the US, a company then puts itself under the security/banking laws if it is centralized. If they were smart, they would decentralize a token with their name on it so they wouldnt have to answer to the Feds. Of course, doing that gives up control, not something I am sure they want to do.
Wow, I'd missed news of the link up between Facebook and Lite coin (there's so much to keep track of!). I was already a lite coin fan (even more so now!).
It would make sense for Facebook to create their own token to encourage mass adoption but I understand there is plenty of red tape in the US....
Well this is a nice theory, but in reality Steemit is also "pay to play" - Let´s face it: If you don´t invest in STEEM, your SP will grow at such a slow pace and you´ll be invisible.
You are correct that it will grow at a slower pace but incorrect about invisible. There are many on here who did not put in a single dollar to purchasing STEEM who have seen their power grow. Yes it is the longer route but it is still a viable path. Plus it is becoming more of a reality since the price of STEEM is increased. Now, to buy in at the 10K SP level is about 60K....it was $8500 two months ago. The buying in to make an impact is becoming less and less with each increase in the price of STEEM. At $20, which I believe we will see within 6 months, $5K gets one 250 SP....not much visibility for that money.
Factor in communities which will increase the visibility that individuals have greatly, and you can see how this isnt a theory at all.
True, it becomes more and more expensive to buy into visibility - but this makes things even worse in a way, because the people that are already invested and have visibility will gain even more, while making it nearly impossible for newbies to catch up. Please get me right, I´m totally in love with Steem and see its huge potential, but on the other hand, some things also concern me. I wrote about it today here: https://busy.org/steem/@atmosblack/why-the-extreme-rise-in-steem-will-potentially-backfire
not if you are talented and can produce content people like.
Well, this depends on the definition of good content. I have found quite some people here the past 3 weeks, who really produce great content (for me) and have nearly no audience at all (yet). Besides that, as we know from other social media, 90% of all users are not content producers at all - but they are the audience, the 10% need and without them, the content producers would be nothing. So if there is no way for the 90% to also earn credits, the system is going to fail.
For me personally, I am used to produce content for different audiences (I actually do this for a living), and I also don´t worry for myself, but I have the bigger picture in mind and that includes also seeing different influences in a critical way.
Great post. I agree, we are in the second phase, where institutional players or "smart money" gets in. Third phase is when general public comes in and that could be a problem, since someone have to lose in this game and we all know who this is. Many coins will disappear, since a lot of them are scams, but STEEM will still be here. It actually solves real-world problems.
I hadn't heard of Bitrad.io. Thanks for that.
I think you are right. This is the future. They want our attention, they will pay us for it. Those that don't will be left in the dustbin of history.
Your posts always make me hopeful. That is a nice change from alot that is available today. No FUD from @taskmaster4450.
Keep Steeming!
Most coins can be mined.
Do you differentiate between tokens and coins? I think a token is an asset that is issued on a blockchain where as a coin is a native currency on a blockchain.
Mining requires capital for hardware plus an ongoing cost to keep it up....very expensive for BTC, far less for others but still capital requirements...it is not simply handed out.
No I dont differentiate between the two since most use interchangeably. Plus not all blockchains issue another token on top of the original. Will that become more commonplace? I would think so...I cant believe ETH and STEEM will be the only ones to go that route. Hell once BTC implements smart contracts, they most likely will have tokens created on top.
Authoring & curating requires capital for hardware and costs for internet, etc...
Are you seriously comparing the costs of posting and curating on here to the equipment required to mine?
Get serious.
And if you have a phone, you can post and curate on here....so actually no additional expense required.
Good day.
I'm sure you could mine some type of crypto-currency with a phone.
I've been using the brave browser for a bit and as far as I can see you are not rewarded with BAT as a user but you use it to donate to others. Didn't know about the radio that pays you, that really cool.
Thank you @calatorulmiop.
The BAT is not tied to the browser as of yet. Both are out but they have no linked them together. I do not know what they are doing.
I like the brave browser too and will use it to acquire more tokens...but I wont hold BAT long term...roll it into something else I am sure.
Yes bitrad.io is pretty cool...just one of many things that are going to appear in the next couple years.
Excellent article once again @taskmaster4450. I buy in to it 2.0 is quite an ideal name... Also its great to be an early adopter because soon i think steemit would be too competitive and some people would fall out because of fustration..thats what i think, correct me if am wrong and honestly i wish am wrong....resteemed..thanks
The best thing about Steemit: Whoever steps in, ensures that s/he brings in more and more people because everyone wants to have a fixed/loyal reader base. This is indeed community participation towards a common goal at best :)
Hello Taskmaster...
I always like your posts, and I am intrigued by Manna, the token you sometimes refer to. I read the site already, but did you write any post on it you care to link?
Cheers
I put a couple basic posts up...I will do a post in the next day or so giving an update and providing some more in depth stuff about it.
That would be awesome, definitely looking forward to it!
El steem poco a poco ira ganando fuerza y terreno. La muchos en esta pagina prefieren vender todo los SBD y no comprar Steem ya que obviamente el Sbd vale mas que el Steem, pero el Steem es lo que le da valor a la pagina y sobre todo a nuestra cuenta, como ya lo has mencionado tener mas steem es mas poder de voto y mas autoridad. Nuestro puerto seguro es el Steem, tengo 5 meses y todavia me considero novato en esta pagina pero poco a poco aprendo sobre las cryptomonedas. Muy buen contenido, gracias!!
I believe in Steem and I am sure it's going to one of the best cryptocurrency. I think it can wipe out many cryptocurrencies which are pumped by people.
Thanks for this inspiring post @taskmaster4450
It's exciting to see where this is all going. People love blogging, otherwise they wouldn't have done it at a 5% success rate. People love discussion, otherwise Reddit wouldn't be as huge as it is. Steemit provides a platform that combines both of those in an easy to use interface while also providing a currency with fast and cheap transactions. Not sure why this isn't the talk of the town. It's like a facebook that houses the work we do online on your account.
I'm excited to see what else will be coming in the future. I'm all in on steemit, it's now my second job haha
@taskmaster4450
I could not agree more, @steem value is in its functionality. The fact that @steem has a value outside of the coin itself, makes it such a great platform and coin, it has value to a community who believes in it.
stay blessed.
Hi taskmaster I have a question for you.
Can we copy a post from somewhere else and paste it on steemit and get some reward from it? My friends are doing so and earning more than me as I am writing my posts myself taking long time.
There is Cheeta Bot comment in their posts giving the direct link to the post in another website but they are earning with the upvotes.
Is copying posts from external website good. How will it affect in long term or in short term. They are even using resteem bot, I guess it is bad. Even someone calls original work bot it says the work is original. What is happening? Can you please explain me.
I don't have any motive to copy and paste the post but I want to know something about it.
There is a lot of dispute about that on here.
From where I stand, I do not see it as a problem if full credit along with links back to original source are given. This is done in the news reporting industry all the time with local papers using Reuters.
Steemcleaners will hit those posts up in many instances so it is something to be mindful of. However, steemit.com is close to being a top 600 site in the US and top 1800 in the world. This means that the backlinks carry a good deal of weight and actually help the other site (if it is rate lower). Plus, there is always the chance of getting that site some additional viewers.
@zer0hedge on here created a lot of controversy with doing that same thing. Personally I support what is put up (mostly because I like the stuff posted) plus it is fully disclosed that it is not the site itself posting, the author is clearly stated, and links are provided to the site.
Very good post,
Friend, we all know that the presence of steemit is very valuable to all of us and can share a post about real life. steemit always in front
very good article as usual. didnt know about manna and bitradio, but definitely going to check it out...
You have analyzed so well that read and gave birth to great courage. The true Cryptocurrency market will be Steemit at the foremost example. Thanks a lot for sharing with us.
Thanks for sharing ..I appreciate to your blog..I will wait for new blog...Carry on your activity ..best of luck..
a very informative sharing about steem your ideas are very nice @taskmaster4450
this article is very interesting, thanks for giving the understanding about steemit.
Wow. I have to let all this information sink in. Just wondering, has anybody read "Netocracy"? That touches on a lot what is happening now.
I think the Bitcoin is going to grow up and anyone who buys another currency will eventually lose
Is Haejin Accurate ?
https://steemit.com/bitcoin/@pathi/is-haejin-accurate
Really very nice post my friend
Good post!. It was helpful.
This is really interesting, although even the concept of tokens simply is beyond me--how it relates to currencies, can actually be used, etc. It's been a steep learning curve since I joined Steemit in June, but I'm so grateful I did! I'm learning more every day.
More than that, I've found serious, concrete support for my artistic work here, as a singer-songwriter (lots of videos up if you're interested). It's actually amazing--which is why I can attest to what you are saying about the platform having real, long-term value. I have zero incentive to walk away from the platform with how good it has been for me--simply with what I get from the platform itself, but even more because it is a gateway to a community of people who are constantly educating me about cryptocurrencies and the massive changes coming.
It's exciting. I'm one of the last people who should have ended up as a somewhat early adopter, so I'm grateful I stumbled on it (through my extremely tech-averse mom!).
xx, Kay
Amazing article, I believe Steem is next Gen and here to stay!
Upvoted
@taskmaster4450 you have expressed v well ,however what takes place if nobody needs Steem in the change? I imply that the Steem is sustainable for now because there is a lot of speculation in the alternate, however while that doesn't occur.
keep it up.
i just followed you ..!
kindly visit my blog and share your thoughts.
Cheers :)
have a great day Dear :)
STEEM is needed because it is how bandwidth is paid for. Since more than 2/3 all STEEM is locked in SP, there is very little of it flowing around freely. Any other entities coming onto this blockchain, most in the form of SMTs, will need STEEM to grow because they have to buy enough bandwidth so their users can be active.
yes of course exactly
How many more times will you be posting this silly meme, @whiteexpert ?
Is one dozen times yet not enough?
Will you PLEASE stop SPAM""ing ?