2018 is going to be a big year for STEEM and Steemit. We all know it.
The first thing that we need to survive is the governments. China is putting up barriers against crypto. India is making noises and South Korea is issuing some worrying statements. There is so much money involved in crypto and related technologies that it is only a matter of time before all major governments bring in legislation to police or prevent crypto and exchanges.
I don't believe that the result will be a ban, but far more regulations and transparency around the markets. The main fears are it's use for illegal activities and that the government isn't getting its cut from the money. We all know that governments don't like anybody operating outside their control.
Since the next wave of technological advances will more than likely involve blockchain technology it's only natural to assume that big companies are going to start moving some money that way once the markets are more settled and regulated.
So where does that leave us?
In a very strong position in my opinion. I think that the STEEM blockchain is one of the most useful and multi functional blockchains, which can be integrated with existing technology and also for the transfer of money. Since paper money is becoming more and more obsolete it is only natural that technology which can move money instantly at no cost will be of huge interest to people.
With the integration of other STEEM systems like DTube and Utopian plus many more there is huge scope for expansion in multiple areas of social media attracting large numbers of people. Once you join one of them it's only natural that you link in to the others as well.
If anybody has looked into the coming release of SMT's then they can see where the future is.
Looking at the whitepaper it makes me very excited to see the creation of the Smart Media Tokens.
(https://smt.steem.io/) This technology will let people set up their own token for a site so that they can operate on a system like steemit and share the money created between the people who create it. It's worth taking a read.
Something that has recently come to my attention is multiple airdrops scheduled for holders of the STEEM token. Airdrops are a release of free tokens for new crypto based on certain criteria. In the case here it will be divided based on how much STEEM that you hold.
From reading articles by @taskmaster, who always seems to be ahead of the crowd with his information we should be receiving airdrops for Vice, Appics and Wire. Take a read if you are interested.
From reading the Vice whitepaper it all seems to be true. This is an exert from it.
Hopefully just the first of many.
All these factor convince me that there is still huge value in STEEM at the moment and that we will see massive gains over the next two years. Personally I will be trying to build up as much STEEM as possible before the reward pool becomes diluted from the extra people linking to the blockchain and hope to see the price rise to $100 sometime in the future.
Exciting times.
To anybody reading this, feel free to comment, follow, advise or challenge. I hope to meet many more interesting people on the site as it grows over the next months.
2018 is the year steemit will take over FB and Instagram!
It's going to do them some damage anyway. Why post to them when only a few of the top people get paid. You can do it here and everybody gets a bit.
Nice write up @niallon11 Some great info there, that I was unaware of.. thanks for sharing
No worries. I'm excited myself to see some of the things on the way. I'm sure that there is plenty more that we just haven't heard of as well.
Steemit it's only at the beginning of the journey. Those who have the patience will be rewarded in the end.
For sure. This is only the humble beginnings of a big project. Im so curious to see where we are in two years time. I think growth over the next year is going to be massive.
Steemit and related products are going to send YT/FB/Twitter to the myspace scrapheap!
There is a big fight brewing once steemit and dtube get more popular. If the big guns feel threatened you can be sure that they will start fighting back.
I just read this article, about how FB is trying to capitalize on blockchain technology.
Very nice write up, thank you for the update and info on airdrop.
There seems to be a lot more on the way. So now is a good time to get ahead of the game.
No Steemit can overcome fb in 2018
What people are interested in....thise things make their way by hook or by crook....it is the law of nature....it will grow faster.....
Very good writing your. I like your post