Vlog 443: SMT's will come to the testnet in 1-2 weeks + Crypto Markets are subdued.

in #threespeak4 years ago (edited)

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Yesterday Steem Inc. came out with amazing news about SMT's here

from the post:


With SMT development now done (just awaiting review which could reveal minor additional work) the next major announcement from the blockchain team will be the release of the testnet which we expect to happen in 1-2 weeks!


But the reaction of Steem Community can only be described as subdued.

I thought that was rather funny. We have been waiting for these things forever and now that they will be on testnet in 1-2 weeks everything is quiet.

I think it has a lot to do with the crypto markets in general.

Everything is subdued. We on Steem had a small euphoric moment with the introduction of #newsteem but even that is fading a little bit now.

I am developing maybe a little bit of a more realistic mindset about Steem aswell.

I had an interview with Matt Rosen from Splinterlands not too long ago and I liked his down to earth look on crypto and Steem.

Ultimately he thinks that the value of the STEEM token should come from businesses developing on Steem and I think he's right.

This is the market cap from Steem Monsters vs the Altcoin market cap.

It says a lot. They are creating real revenue and real value.



I would love to see more of this.

This subdued mindset reminds me of a lot of the mindset that was on Steem at the beginning of 2017.

I talk about it more in my vlog.



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@exyle, It's true that now we are experiencing Quiet Moments on Steem Blockchain, but it's not for the first time because we human beings are emotional beings and time to time dynamics of emotions changes and people stop putting time into something.

But great thing about Steem is if one wave of development arrives and it brings back all the positive emotions back to this platform and then all the activities receives new breath.

Enjoy your time ahead and stay blessed.

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I Saw the Steem Inc's announcement and I saw the 9 comments like you noticed, I think it's basically increase currently though, I don't think it's because of the numbness I basically feel the real engagement and the applaud will come in 1-2 weeks time.
The Steem Monsters business model is definitely Sophisticated really and this is what will bring the needed value in the long run and despite the stunted growth due to prices we're definitely developing and this is evident in the turn out if the tribes the new steem system and all. Let's see how it goes eventually.

I heard you talked about APPICS as well... do you know why this app quit working on iOS?
I try to use it but I get always de same message, "Beta version expired"

Did you get the new version from Testflight?

glups, I totally forgot I had to pass by that app first, thanks!!!

I think that you're right lol we have been pounded for a while and people are simply flat and indifferent to crypto news I can see it on YouTube too, the following and engagement on crypto content is so subdued but this is when the real work is done.

I think the first versions of steem were just a way to distribute and steem and prove various use cases and we were the test dummies but now with SMT's we're pivoting into something more sustainable, more practical a backbone for others to build dapps on

The RC pool and SMT's are great products, once live it all be up to steemit inc to start getting businesses to look at it as an option over say building on ETH or EOS or migrating existing centralised databases onto the STEEM blockchain and offering businesses a lower operating costs and better-scaling solutions.

WIll be interesting to see how they plan to use these tools to acquire new business and drive funds into the ecosystem. General-purpose blockchains often try to be a jack of all trades when I feel they should just be a home for others to build the various funnels and sinks needed to run an ecosystem and support those who do so.

That's really thing of the great and the highest peak. Thanks for sharing the details with us. Great news about the SMT's

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The quality police 😂😂😂!!! Loved that!!

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What kind of impact that will have on the tokens which are on the internal exchange

Interesting that steemit inc. responded only with a "yes" to if there were any people waiting to use SMT. It would have been cool to see a more specific answer to that if they do indeed have some who wants to build a business on it. Maybe "yes" is all they can say for now? I have not looked that much into it honestly but I am crossing fingers there will be a few people who are sitting in line to create something with SMT.

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