This is very interesting and I was recently chatting about this with a friend at work. The big question.. Will this be the last hoorah for the blogging platform as we know it? I see Steem the blockchain as being solid and once enough Dapps are created though they are not called Dapps it is a similar concept. Then perhaps the blogging platform might not even be needed.
I have speculated that this being a beta proof of concept simply illustrating what could be built on the blockchain; that one day it will vanish at least in its current form. The real value in all of this is the Steem blockchain and those platforms that run on it in one way or another.
Go Steem and SBD Go! Higher and Higher and Higher!
I worry about the same things, but I hope that STEEM can survive even with new platforms coming out that can do the same (or possibly better). I have been wondering what will happen to STEEM and Bitshares when EOS gets released for example.
And yes, STEEM is a great proof of concept, for sure. It's just so great, especially right now, that I don't really even want to think about it ending ;)
Although the future versions of similar concepts may be 'better'... will they also give me the same earnings?? I don't know..
I was railing against them when they froze up my funds for months and it appeared were allowing major raping of the rewards pool. It really ticked me off but then SBD got so High I was able to trade it and actually earn some real cash from Steemit. I earned enough to cover my initial investment where I bought Steem for Steem Power at 1.50 to 2.00...I was really thinking I was just going to lose it all and it be for nothing. No matter what happens they made me whole in the end and many other people have gotten wealthy from Steem and SBD. Not talked about like Bitcoin but if you were gobling up that steem for 0.20 SBD on the market and set on it you have a 3x almost 4 right now in less than 30 Days.
That is solid no matter what else is going on. There is nothing else in the world that can make men and women this wealthy in such a short amount of time if they put the effort in to learn and grow etc. What a blessing really in my life...I'll try to watch my grumblings in the future maybe.
Haha, yes, there's a lot of people who possibly got even richer than those people who got rich out of Bitcoin. Not just from STEEM but think about how many other crypto's there are. Bitconnect is one where people got crazy rich too.
See the thing is.. I'm sure Bitcoin can't be printed like FIAT money can.. but what if you made an altcoin that works like a money printing machine, and just use that to buy Bitcoin and other stuff with? if you keep the market cap low, who will notice? And when everybody on the platform also wins, who will complain?
Not sure if this is happening to STEEM but it very well might happen to other alts.. There are some strange things going on in the crypto world for sure :)
I love it though.. so much excitement! Crypto is better than any HBO television show! Game of Thrones eat your heart out!