Better on Steem

in #steem5 years ago

Writing about the soft start and learning potential of Steem yesterday brought up another benefit of being here; something to do. Of course, we all have lots of stuff to do in this world but just think about all the last year of the bear markets and what other people might be doing concerning crypto.

A lot of people might have been caught out and not sold and for many casual traders, bear markets end up being holding patterns, especially if they bought in a fair bit higher. What I consider one of the massive benefits of Steem is that no matter the shape of the markets or even price of Steem itself, it is possible to earn more of it and use it for various purposes. While it can go much further and should, this essentially always keeps Steem gamified, even without needing to buy or sell.

Not only this, it is possible to use the platform in various ways that are crypto powered but, independent whether blogging or playing @steemmonsters, entering into contests or just reading and commenting around the place, there are lots of ways to be part of the platform and nearly all of them can still earn Steem.

Without trading or trading risk at all, a person can quite easily add 20% to their stake in a year and if engaging and contributing consistently and well, it is possible to add a lot more than that. Not only this, for those who believe that Steem has a future, engaging here now is part of building a foundation for the future, whether that is on an individual follower level or being part of a Steem community, of which there are many.

What is great here that even though it is crypto-centric, there is a lot of things that people can do without being directly interested in crypto itself. This is a massive competitive edge for adoption later if we are able to make this a varied selection of what people already do online as well as offer new ways to interact digitally that many might not currently have an interest in. I would say that there are many people here already that are dabbling in content areas that they might not have earlier and this is set to grow as more and more applications offer a diverse range of experience.

Soon, all the niche applications will start up as well and potentially with communities, entire content niche environments could be built without having to be a Steem clone. This would mean that they can leverage Steem without having to start from scratch and through SMTs and Oracles, still differentiate their product. As this is just a multimedia content delivery infrastructure, the only thing that really limits what can be on it is the imagination and the capabilities of the internet itself.

As I see it, this is going to be the true growth potential of the platform as rather than be a crypto platform itself, it is a content platform with crypto capabilities. This is actually how most people use the platform now anyway whereas most of the other coins out there are used in a purely speculative manner and traded back and forth in the hope that one day, the project will do something and buyers won't be left holding a useless bag of valueless coin..

The thing with Steem is that no matter if the coin is 1 cent or 10 dollars, it offers a wide range of utility and a lot of that comes with enjoyment and experience. While some people are only interested in Steem due to the current price or even the potential future price, there are many other things one can spend their attention on.

For me personally, even though I have watched my fiat-equivalent value drop massively over the last year, I have enjoyed the process of playing the games on the platform, creating content, engaging with people, discussing all manner of things, assisting here or there on projects and initiatives, going to SteemFest, finding and adding value to content, supporting applications, talking with developers and suggesting new features and of course, increasing my own stake so that in the future, I can do an increasing amount of what I like to do.

Remembering that this is a platform that leverages attention in a world that is increasing the value of the attention economy and one might realize how much potential Steem actually has. For those that are here, I would predict that for most, they spend more time creating and browsing Steem than they do most of the other traditional medias which means, more of their attention is spent here than elsewhere.

Once onboarding, new applications and the growing interest in all things crypto truly takes hold, there is going to be a lot of people coming in who not only arrive to earn crypto, but come to consume. And just like many such as myself have found in their time here, Steem can quite quickly start to replace other internet related entertainment activities to a large degree.

Not only does it replace the consumption though, it rewards the contribution. And when people get into the feedback loop of being rewarded for their actions, Pavlov's Dog starts to salivate at the ring of opportunity's bell. Steem is compelling on many more levels than just making some money as it starts to integrate into our lives and feed our creative selves, something that is getting lost in the purely consumptive platforms and those that do not reward with anything more than stars, hearts and claps.

So, while a lot of other people in this world might be tired of the bear or lamenting not selling, there are quite a few people here enjoying playing around in crypto and blockchain without having to risk or even needing to buy-in. Along the way they are also earning Steem and if they are holding for the future, they are going to likely see some very large gains in personal value.

It is all pretty cool and in m opinion,

Life is better on Steem.

 
Taraz
[ a Steem original ]

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Taraz! Your voice answers resoundingly through this piece. I was almost found myself a few words from an a apology with a friend last night about something that was asked of them. A friend of his inquired about the level at which my man would take profit from buying and selling. I wasn't pleased by that suggestion he'd leave once he'd "had enough", so I told 'im.

I ain't going nowhere.

I quite like it here. You're a big reason why.

As fun as it is watching the Steem prices recover, I'm truly enjoying my time here because I meet like-minded people like you. Some like to draw and make comics or otherwise create, some like crypto but all of them are connected through Steem. When HF20 almost eliminated spam, community is the biggest asset here. I missed SteemFest 3 but hopefully not miss SteemFest 4.

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Some like to draw and make comics or otherwise create, some like crypto but all of them are connected through Steem.

It is pretty amazing how much talent there is here already and it is just starting, a rush will come. See you at SF4 :)

  • Steem can quite quickly start to replace other internet related entertainment activities to a large degree.*

This. I have found myself drifting in a major way from the other social media platforms I was and still am on. I feel more productive and fulfilled being here as well. It will only get better here.

Posted using Partiko iOS

The fulfilment felt here is going to be a massive retainer, as will be the growing sense of purpose imo

I too feel that Steem is most versatile and offers a bright future. I would ask how you compare it to its beta clone, weku? I am on both sites and sense you cannot redeem on weku. I could be wrong. What is your perspective. Thanks and blessings @tarazkp

I am not on weku other than claiming my name. I don't have the time to engage on multiple sites so can't say.

While I can't truly say that Steem has replaced my other social media habits (because I quit FB ages ago, don't really use Twitter or Instagram, and don't read Medium) -- it has largely supplanted my main 'time-killer' of browsing Reddit. I wish dTube had content that was as interesting as what you can find on YouTube -- but I would imagine that it's on the way -- things are just very "crypto enthustiast" oriented right now, I've found.

I would imagine that, once word gets out a bit further, and it's easier to get onboarded, as you say, things will start improving / evolving even faster.

At the very least, it's giving me time to work on developing my Steem app before there's lots of eyes seeing how sloppy it is (or isn't -- everything is subjective).

it has largely supplanted my main 'time-killer' of browsing Reddit.

At some point, there will be a similar site here too I'd predict.

things are just very "crypto enthustiast" oriented right now, I've found.

It is the age of the scene, it is still very young and specialized.

At the very least, it's giving me time to work on developing my Steem app before there's lots of eyes seeing how sloppy it is (or isn't -- everything is subjective).

It is a very good breeding ground for devs and apps I think

Agreed -- Steem is currently in the space of "Rapid Prototyping" I'd say... Hopefully it leads to something polished and useful -- I'd say many projects are on their way.

Hoping there are some exciting developments and updates with scalable and affordable nodes from SteemitInc in the near future.

This is very true, am always on steem and it keeps me busy.

It keeps many busy I think and it isn't busy work :)

Yah, no stress here.

This is definitely an addictive habit.

So much more personal value than the other sites I find.

I totally agree

The only time trading away BTC, other than a mistaken sale of one when caught in a spike in 2015, was for enough STEEM to power up to Minnow level and later Dolphin level when things hit 0.00008275 BTC/STEEM last month.

My thoughts were exactly as you suggested; the BTC is only gathering dust while STEEM is vibrant.

The jury may still out about investability of DPOS tokens; but we can all agree it's entertaining in the front lines of blockchain technology. 😎

The jury may still out about investability of DPOS tokens;

Perhaps it depends how one sees it? If demand grows, price will increase somewhat and even though there is still inflation of steem, it has an access draw on the pool. It is going to get interesting if this does all take off though :)

It is going to get interesting if this does all take off though :)

It seems almost too early to be sure of any existing tokens. HODLing until the market decides. 😎

It's hard to imagine because of the last year or so, but Steem is going to have more demand than we can possibly handle. Scaling will always be an issue for every blockchain, and the good ones will continue to fail to scale, gracefully over time.

Can you imagine even a couple million users here trying to transact daily? Our block-size limit is 65KB right now.

I don't know much about that but can it be made larger?

Is there a way around it? Could a chain be split and some of it archived in a blockchain hold odf some sort that preserves it, with copies of the archive available on normal databases as they will be rarely accessed? Wouldn't that stop the chain getting too large?

Here's the thing: witnesses are redundant. We are basically running the entire blockchain off of a single server... twenty times. When any developer looks at it that way blockchain looks totally doomed.

It doesn't matter if we increase the blocksize, we are still running a service on a single server and then copying it hundreds of times to hundreds of nodes. Every time we increase the blocksize we force every other node to increase its capacity as well. This is a centralization issue that actually caused one (or more) Bitcoin forks. By keeping the blocksize low more nodes can participate.

It's no secret that blockchain is a very inefficient database, that's why slogans like "blockchain not Bitcoin" are completely asinine. Blockchain without Bitcoin (value) to back it up is completely worthless. Cryptocurrency is the necessary foundation of these trust networks.


Second-layer scaling solutions are very promising. Using multi-signature technology users can make transactions off-chain in private without anyone else knowing about it. You only have to post these transactions to the blockchain if someone tries to cheat. However, no one is going to cheat because the cheated party can literally prove that the cheater cheated and you can enforce penalties for cheating in a smart-contract.

Bitcoin has Lightning Network.
Litecoin has Lightning network.
Mona coin has Lightning network. ETC.
Ethereum has Plasma.

Multi-sig is just one idea for blockchain to scale, and the big players here at Steem just offered a 1500 Steem bounty simply to write a tutorial on how to use them here.

There are many options when it comes to scaling.
Even DPOS itself is a form of scaling.
We aren't in trouble we just have to assume there will be constant growing pains, just like the Internet.

Thanks for this, it helps me understand a bit more. I need to read up on stuff :)

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