Crypto Has a Ton of Room to Grow. Steem Will Lead the Pack
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I saw an amazing post today that showed tons of data about crypto and the macroeconomics of the world like this chart.
I also listened to a great podcast recently by Naval that talked about cryptos and the economics of how the world will inevitably shift to some sort of blockchain implementation. Simply because this technology is far superior to our current models.
What isn't mentioned much is why Steem is poised to grow more than any other crypto. I believe that the fundamental technology that drives Steem is what makes it so much more valuable than any other crypto. Here are a few of those fundamentals:
- Scalability & Activity of the Chain
- History and Social Proof
- Apps and Ecosystem
These 3 reasons are my top 3 for why I think Steem is superior to other cryptocurrencies. Steem is the most used blockchain out there and there is no doubt that it's scalability far outmatches that of Ethereum and Bitcoin... Combined.
The history of Steem has been of many quarrels, but much progress. We have seen Steem bloom into the ecosystem it is now and while it may not be perfect, it still serves as one of the widest opportunities for all. I think anyone can thrive on Steem, should they learn the mechanics of the ecosystem and how to use it.
The apps on Steem are no joke. Steem Monsters has been my latest obsession and while it's not a full-blown app, you can see it's potential to become one and how it is already capable of leveraging the immutable nature of the ledger to create cards with unique IDs.
I think it is not a question of if, but when this ecosystem called Steem comes to center stage and catches the eyes of the elite.
Well the image isn't up to date, its 130B for Bitcoin and 342B for all Crypto, but still a awesome post.
Yes, the crypto calculations are in need of adjustment but the other market caps are accurate, just substitute them in!! Thanks!!
Steem is definitely a big deal, and crypto has a tonne of potential for massive growth. What excites me most is the rate of growth of new technologies and the freedom that crypto can offer us. We no longer need to rely on banks or traditional forms of employment if we can go big in the crypto and content creation space. Imagine living of your Steem earnings? Or a combination of your earnings from Steem or similar platforms (once they arrive)? It's a new reality.
Yes!! It really is exciting that we could potentially live off of our STEEM earnings AND live the life of our dreams!
I think there is to much Physical Money.
Yeah the market caps are definitely off-balanced! Digital currencies are still new!
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Post inspires confidence!
thank you!
Your pic is a bit outdated with a $41B market cap for bitcoin.
Yeah it's a bit outdated but only for the bitcoin market cap (because it changes so rapidly) the others are still relevant!
this was actually really interesting!!!
Thanks!! What was most interesting?
Physical Money is one big bubble... next year it's even bigger by their numbers.
My recommendation is... look that you have as little paper as possible in the banks, and better keep yourself away from banks. They will not tell you when a bank and money system collapse.
And this what you need...
Cryptocurrency
Gold
Silver
Property that is located in a different countries. Better put it all in different places, you never know when your country goes crazy and it's starts to confiscate the people's property.
That's just what I think, I think we all can see world different view.
We all can definitely have varying views, STEEM has many features that make it so much better than physical $$
Sure :)
I've never seen any crypto that is superb like steem, even if it's price is currently low now, I believe it's still gonna rise back
Oh totally. I think it will go up eventually when people realize they're missing out!
Steem is interesting in that it has a trinity structure consisting SBD, SP and Steem.
agreed! The crypto structure of it all is super fascinating!