Vlog 136: The Steem blockchain is slowly growing up. Companies starting to show some interest.
In the future, we (bloggers) will have to share the Steem blockchain with a lot of different types of users, other parties and probably companies.
It's best to get used to this now because it can't be stopped in my mind.
The blockchain is just too good.
It's already happening in the form of utopian.io, attracting a new type of user, but one that is being rewarded from the same fixed reward pool as the blogger.
I, therefore, believe that for now, everyone will earn fewer STEEM tokens over time. It's simple math. (Even though payouts might go up or stay the same as long as STEEM increases in value.)
It's why I keep saying that a Steem token is valuable. Even just 1.
SMT's might change this landscape in the future but to run them you still need Steem.
Steem that is getting harder and harder to earn.
The speed at which all this is happening is mindblowing to me.
Only 18 months in.
A year ago I find myself on Steemfest 1 surrounded by bloggers and a family type atmosphere. Steem is relatively easy to earn and cheap to buy.
A year later I'm looking at many different apps and frontend development, A revised economic model, SMT's, a Steemprice that has gone up about 8x and now slowly companies are showing interested in the blockchain.
Companies like vice.org and today I read that GBO wants to invest 20 million in the blockchain. here.
That last part is still speculation. And that's how I look at it for now. But something is brewing.
I talk about it more freely in my vlog.
Wow, freat news for us holders!
If everybody is rewarded from the same pool, would that mean in the teoretical future you talk about, the upvote power of users will go down?
Interesting question. It makes sense to me that your Steempower should grow in proportion to the amount of new Steem being created to maintain the same upvote power with an equal Steem price. But I'm not 100% sure.
That would mean the rewards pool would grow in value but the quantity of steem in the reward pool would stay the same. I think that makes sense and doesn't pose any contradictions
hello dear @exyle, very excited news you shared that different companies attracted by steem and now they took some interest in steem Blockchain. yes you are right that Steem Token are much valuable. we should hope for the best, the next time will be hold of cryptocurrency. Appreciated your efforts for updating.
Steem On...!
Wow!!, you are right man, I was happy to see steem price move to $1.06, which I quickly update it on my blog this morning. Which was great. I know one day, the price won't drop below $1 again.
Thank @exyle for sharing
I think you mean the Steem dollar went to $1.06. Steem price is currently $0.94.
You are absolutely right, my friend, there is an increasing interest in STEEM and this is pleasing, as it is the merit of developers and all who are in our ecosystem. And the fact that whole companies are beginning to show interest in STEEM even better! I also see that STEEM is getting stronger and becoming more valuable! Thank you for your optimism @exyle
Excellent post & video my friend, well if that GBO investment news is correct then it would be a blistering start for SMT's but that news is posted only one day ago and i think it needs more confirmations before we consider it as legit, i agree with your thoughts utopian.io is a fantastic development and it surely helps bring in new type of user's and you also talk about the SMT's that will attract more companies and different user's and they all getting paid from the same reward pool but i am not worried about that at all because when that happens then the price of the steem coin will be surely on the moon compare to the price right now and we might able to get 1 coin per day but then it might worth more than 10 coins, well who knows but i am sure that these SMT's will be huge and they are surely act as a catalyst in steem price and the future of steemit is so so bright, thanks for sharing your nice thoughts with us, Stay blessed.
Thank you, man. I just saw your video on your channel. Nice to see you 'live'!
You are Welcome and thank you very much for the kind response.
I was thinking that in future, more people will invest in steem and if more people invest the reward pool might not be fixed, i guess.
For now, it's fixed but if more and more people would invest in Steem the price would go up and then also the $ value of the payouts (even though you might get less Steem tokens). But it will be a while until that happens. I'm in no rush though. I'm invested for years.
Ok i understand. Thank you. You are calm and collected as usual. Cool
You are right about everything moving fast and sometimes i just get lost at where we will all be in the grand scheme eventually... so most times instead of getting too worried i just keep blogging
It's indeed moving at an incredible pace. But it's a lot of fun to follow. Keep blogging is a good attitude!
Even a 2 dollar steem would be awesome
I agree.
Steem blockchain is most stunning system to the users. If invest companies starting to show some interest steem blockchain its glorious news for us. Interface, options etc...all of is top quality level. So don`t keep any doubt. Blockchain will be grow up further.
Resteemed.