Steem: The On-Ramp To $700 Trillion

I want to thank @preparedwombat for turning me on the article that is the basis for this post.

Cryptocurrency is going to take over. We are going to see the world tokenized over the next decade plus. This is something that should not be news to anyone who reads what I post. The global wealth is in desperate need of this paradigm shift and we are already seeing it taking place.

Many like to throw out numbers as to what Bitcoin and the crypto market in general will be worth. To start, before that question is answered, it is vital to know what they mean by crypto? Is it the currency also called store-of-wealth tokens (btc, ltc, etc)? Do they include the utility tokens (STEEM, bat)?

For most this is where they stop.

The truth of the matter is most of the global wealth will be tokenized. That is an estimated $700T. People often overlook at the assets such as real estate, art, futures, partnership agreements, and intellectual property. All of this can be tokenized and most of it will. In fact some of it is already happening.

Before getting into that, I must state the article is written by a manager of a crypto-fund so he will have a bit of a bias. However, nothing he states is novel. Do a search of tokenized economy and see what comes up.

As the manager of one of the more established cryptofunds, we often get asked, “How big can crypto really get?” The short answer is: much larger than most people recognize.

There are a couple reasons for this. First, crypto is massively market expansionary (e.g., how many thought Uber’s addressable market was the size of the pre-Uber taxi market). And second, Crypto will absorb the monetary premia of many non-money assets that act as an inflationary hedge.

Again, we are already seeing the second reason starting.

Real Estate: $30M

https://www.ccn.com/a-30-million-manhattan-condo-was-just-tokenized-on-public-ethereum-blockchain/

REIT: $18M

https://www.ccn.com/indiegogos-first-security-token-ico-raised-18-million/

Art: $1.7M

https://www.ccn.com/andy-warhols-multi-million-dollar-painting-tokenized-and-sold-on-blockchain/

Someone posted yesterday that I was delusional. Sorry to break the news to everyone but no delusion here. This stuff is really happening. This is just a smidgen of what is to come; a $50M appetizer.

It is estimated that STOs will be $10T by 2020 (here). That is only 3% of the real estate and equity markets.

To illustrate the potential if a fair portion is tokenized:

• Digital gold: $30 – $70T
• Deflating the monetary premia of real estate, equity, and debt: $5 – 25T
• Replacement for offshore bank accounts: $1 – 10T
• Securing the world’s assets: $1 – 10T
• New economic activity facilitated by blockchains: $1-10T

All together, there’s a clear path to $50T, and a plausible path to $100T.

To see how the author came up with these numbers, read full article.

https://multicoin.capital/2018/10/09/100-trillion/

The one problem with all of this is that the presumption is one has money to buy into what is being written. With the author being in the world of finance, he is use to dealing with people showing up with money. Yet, we know this is not the case for most of the world.

Personally, I feel that the developed countries are at a point where the system favors so few that most end up with nothing out of systemic design. This leads to the inequality of wealth only increasing. As for those outside of the developed countries. they are part of the unlucky sperm club. They are basically screwed from birth.

And this is where Steem comes in.

This blockchain has the opportunity to enable people to access tap into the world supply of wealth. Through tokenization, anyone in the world can own real estate in any major city (well not Americans because of the SEC's bullcrap accredited investor con but that is another story). The key is to be in the world of crypto-economics.

Each person who joins Steem is able to earn tokens. Not only can STEEM be amassed, but there are already a number of SMTs that are rewarded people for particular activities. This is the onboarding mechanism. Even a SMT like @dlike, @steemhunt, @actifit, or @air-clinic puts one in position to join the party. Each of those tokens, when the protocol is released (and I presume the exchange set up) will be able to be swapped for STEEM. After that, it could be moved for security tokens such as the ones I linked about which all are on the Ethereum blockchain.

Some think I am over the top with what I post yet I make no apologies. I am only sorry that some are so blind they cannot see what is taking place. Focus upon the self voting, circle jerking, and other things on the path to missing the boat. We are seeing the move for STEEM to tokenize the internet which means a ton of sites will end up using the SMT protocol. That is going to be a gold mine, not only for content creators, but also readers and viewers of said content.

Another point that I want to bring up is the Wall Street institutions. Almost all of them are opening up trading desks (or talking about it) for cryptocurrency. Why are they doing that? Do you think it is to sell some stuffy guy with a few million dollars some Bitcoin? They will take it but that is not their main focus.

The reason why these Wall Street institutions are doing this is because of the STOs. They want the fees that come from bringing this stuff to market. Do not think for a second that Wall Street is not aware of the trillions that is going to be tokenized over the next few years. They are positioning themselves for that and they have the SEC doing their dirty work to ensure they have a monopoly on it i.e. only registered agents can bring them to market.

This will be the case until people realize that, once again, Wall Street is taking them for a ride and start using decentralized exchanges to set this stuff up.

Source

The elites know this stuff. We had near a year of constant FUD to scare the masses off. Spew enough negativity out there and people eat it up. This bought them some time to position themselves to take advantage of the shift. Sadly, for them, their greed will get in the way.

Their problem is that it is no longer limited to their game with their rich friends being the participants. With blockchains like Steem, where people can earn, people are entering the crypto world. Once there, as multi-token swaps are implemented, anyone with a token can partake.

For this reason, Steem is going to be an on-ramp for many people to be able to access the global wealth pool. It is something that most of humanity was excluded from.

That is changing before our eyes if we are paying attention.

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