If only I had 300 friends

I had a conversation with a colleague the other day about probabilities of things and how people worry over the chances of their plane crashing, getting murdered by a psychopath serial killer or the proverbial "I could get hit by a bus tomorrow" scenario.

But, the same people don't necessarily spend that much time thinking about the food they eat, the toxins they breathe or the lack of activity they do which is much more likely to not only kill them earlier than the expected average if poorly handled, but be a potential long path of misery and pain along the way.

People aren't very good at probabilities of events and in general, the more extreme examples get cherry-picked and overweighed in the mind, while the mundane points that have long-term cumulative effects with much better odds of happening - are simply ignored.

Today I claimed my 300th account for Steem, something that I think everyone who has enough Resource credits should be doing but, many aren't.

Another token to collect

Why do I think they are worth collecting? Because they are account tokens that can be used to create accounts in the future and even though there is definitely not much of a rush on them now, I do believe that there will be in the future f one or two of the Steem applications becomes successful.

There is something funny that I noticed for the BEOS airdrop and I am sure that others have also, it costs 500 BTS which is the current equivalent of $35+ to get an account on that blockchain... And people complained about 3 Steem if they needed it immediately here.

However, I do think that accounts are going to get harder to come by in the future and there will be various processes to reward those who have them available. What is likely to happen for the applications that need them is that they will offer a payment for them but instead of Steem, they will provide some amount of an SMT for the account. This way it not only gets them the account, it helps them with distribution and possibly attracting higher staked users to their platform.

I think currently one needs ~5000 SP to claim one account every 5 days so an account with 100k can claim 20 every 5 days or, 1460 accounts a year. That is not very many really is it? Of course, there are other ways to create accounts too but, I wonder how many are willing to pay the 3 Steem if Steem is 12 dollars each? Well, that makes it the same price as the BEOS wallet creation for the airdrop.

Account subscription model?

I also wonder if there are other ways for an application to use accounts too for example, recycling an account. Is it possible to create an account for one person and then 'flushing' it clear on their application for another? Sure, the Steem blockchain will keep account history data for all users but an application need not recognize the history of that account in its calculation and for all intents and purposes on their platform, it is a fresh account every time it changes hands. This would mean that an application could create thousands of generic Steem accounts in a series and use them for their customers on a lease or short-term requirement process - on a subscription model. That means it can leverage the blockchain but its interactions will still be account specific, kind of like a rental car doesn't care who drives it - the account details of the driver are unique regardless of the car they drive. Depending on use case, this would mean that fewer accounts could be required and also, it would also mean that account names could be reserved on a specific application, even if there is a Steem account with the same name somewhere else.

It can move fast

So why did I enter in with probabilities of death? Well this is the thing with all of Steem and the game theory behind just about every aspect of the platform - *no one really knows what is going to happen in the future of the blockchain or entire industry but if things do pick up the right marketing, it could move very fast indeed and if there is a high demand on something, the value of them goes up tremendously.

As I said in one of my other posts today, I also plan on getting my company involved on Steem in the not so near future when I feel that they and I are ready for it. Having these accounts in store means that I could (by then) potentially build an entire corporate community overnight and provide them with immediate access to the blockchain - Along with enough Resource Credits to interact, post, comment and build their various tech with. This will start happening more and more in my opinion and accounts are going to be a valuable commodity.

Pay me, get paid.

A lot of people don't like the idea of having to pay for an account on Steem but I see that in the future the SaaS model is one that is going to be leveraged heavily and, there will be so much value in being part of Steem that people would look at an account buy as a type of investment for their business model, the purchase of a piece of equipment or tool. I also think that while there are people that are parking accounts, in the future there will be a verification layer type of mask thing that could effectively circumvent that and allow large companies access to their own names, even if the blockchain has one previously recorded. This is part of the freedom that the applications will be able to implement through their own SMTs as I understand it.

The probability of this and that

There are many options coming to Steem and the blockchain industry and while people are looking at the largest events and over-weighing them like plane crashes and moon landings, there are thousands of things that are happening concurrently while flying under the radar that are mounting and compounding to come together to create the technological revolution. There are so many action points going on just on Steem that most people no longer are able to keep rack of even the largest announcements and project developments. Some people didn't know of the wallet split which was announced by @steemitblog yet, claim to know the future of Steem. No one knows.

Well, no one except me. ;D

Back into the kitchen

I can't say what will make or break Steem or what will take it mainstream, but I am optimistic that it is leading towards being part of a revolution in the way the world handles information, social interaction and of course economic collaboration. That is the thing people forget about economy, it doesn't work with only one.

Many people might not know but the etymology of the word "economy" means household management and blockchains and crypto are making this a reality again by empowering individuals to manage their own finances down to the granular level. It is far from ready and we are far from ready to take all of the responsibility at once but, it is moving in that direction and eventually, perhaps we can return some balance between all of the households in which we live as a global community.

I don't think it will be an easy or a fast process but, it will take people who are willing and able to develop for it and on Steem, they are going to need an account. I will keep collecting them as I can.

Taraz
[ a Steem original ]