Will Steem SMT be Ethereum and EOS alternative?
In my former post : EOS ( Dan Larimer ) Plans Steemit alternative: A Strategic Competition , see link here I indicated EOS plan to creating a steemit alternative. The amazing thing is that Steem through its SMT will take the fight to EOS and Ethereum-which is an amazing thing because we will have many alternative technologies to explore and yes , competition leads to more innovation and more choice for consumers.
There are many scam / fake projects in the crypto space, so being a member of one of the best blockchain technology and having the ability to earn it daily is a good reason for celebration. Moreover, there are no perfect technology out there and we have seen some limitations in steem ecosystem , however the upcoming SMT and HFork 20 will positively change the playing field for all of us (if we are ready to join the vibe). For more on SMT, see my former post here
Moreover, if you are smart and have a bit understanding of destructive technologies, you will know that steem is currently undervalued and its value will rise soon especially after the successful implementation of SMT and HFork 20-here are some few points:
More integration: The current reorganizing and implementation of asset data types (In SMT) will make it possible for steem blockchain to evolve and start supporting as many assets as possible (not only 3: steem, sbd and steem power) while maintaining backward compatibility-thus making life easier for entrepreneur’s .
Moreover, according to Ned Scott :
This will provide the best possible UX, while minimizing the engineering costs required to integrate an SMT into existing applications. In other words, entrepreneurs won’t need to take on as much technical debt in order to use blockchain and cryptocurrency technology through the adoption of an SMT.
Automated market makers (AMM): This option will surely take the fight to Ethereum and EOS and thus open the flood gates for many people to use steem blockchain through SMT tokens.
Moreover,
AMMs will enable an entrepreneur launching an SMT to create instant liquidity for their token so that people can immediately begin buying and selling it while also establishing a baseline price level for that token. Leveraging the AMM is an optional feature for an SMT, but those SMTs that do use the AMM will be able to economically bootstrap themselves with a turn-key solution for providing bi-directional liquidity in the on-chain market
Bright Future: I can go on the whole day about the ingenuity of steem blockchain however to summarize my thoughts, it is clear that steem is currently undervalued and thus we all have the opportunity to buy steem ( and power up , if you have the money) or earn it through great posts. Importantly, I am sure that steem price will moon before the end of this year due to its bright future.
Do you agree? send in your comments , resteem in order to share this post with your contacts and upvote in order to send in your support.
Click here and read my former post: Is Bill Gates Out of His Mind? ´cryptocurrencies have 'caused deaths in a fairly direct way
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Hope eos guys will roll something steem-like.
When steemit.inc and the whole community won't have exuses on lagging in development behind their own estimates and commitments.
Competition is good for all of us, at least we will have options to chose isnt it?...however I am all down with steem ecosytem
Neo and now eos damn it's going to get crowded. Do you think all this will middy the waters and hide Steemit and Dtube from the mainstream?
No, it will be very good for steem ecosystem because we have scale from steemit. Moreover, entrepreneurs will have Options to Chose from the best...I am all for steem blockchain
SMT will be an alternative of ETH for ICO on content /media region.
Good point, also alternative to EOS...good days ahead
Steem between $50 and $100 end of 2018 seems logical to me.
And some people on this platform would call me a pessimist :)
Good point, you are being real...
@fitzgibbon would you like to wager a friendly bet that it won't break $10?
lol...just kidding...
Apparently, I needed a good laugh.
Peace.
As much as I would LOVE to believe this was possible, that seems blindly optimistic to me.
I could see $50 maybe as a cap, but $100 is completely absurd, especially if we're only trading between $3 and $4 as of late.
I'd be willing to bet we'd realistically be maybe at about $20 by the end of 2018.
Even 20USD at the end of this year will be a great News for all of us isn´t it?
Yes indeed it is
There's so many variables, I hate guessing prices. If the overall market goes up, Steem looks like it could be one of the best to invest in. If 2018 is going to be a difficult year, Steem looks like one of the more solid coins and we can all carry on earning more by posting good content.
Competition is healthy for the industry and as you rightfully indicated, it will provide more options for us and increase innovation. I am positive about steem blockchain....thanks for sharing.
Good point, thanks
SMTs are definitely a game changer ! Hopefully they won't be abused as SBDs are at the moment !!
Great content once again !
Welcome. I agree with you and hope for the best...a win win for all of us.
That would be a great direction if the team can pull it off
Why?
A lot of growth potential to spread the model. Move from a platform to a network to a system of networks. Could get interesting from many perspectives.
It all depends on speed of implementation. You can see that very clearly when you look at nr1 on coinmarketcap. Although the technology behind bitcoin is outdated against many new developed altcoins they are still firmly on nr 1.
If we want to beat EOS and others as the main blockchain social network then we have to be the first to successfully release SMT's.
Very good point...thanks for your comment
We beat them a long ago. Who have 800K users?
Good point!!! I am sure that EOS do not have as much scale as steem
When SMTs were first tossed around at the end of 2017 many thought of it as another content driver. I myself was looking forward to using it as a device for driving interaction on other content platforms. But your article has changed my mind since it is being portended to be another option of value from EOS.
Standing by for more milestones to come.
Point...thanks for your comment
I reestemed it @charles1
Thanks
Definitely a bright future for steem @charles1 , and im sure SMTs will be launched this month before the new APPICS mobile App Is launched at the end of March ! Exciting times ahead my friend ! upped and resteemed !👍👍👍😀
Wow so early? I thought it will be by end of summer in order for us to have more time to get more steem Lol..thanks
Any times a great time !lol!😂😂😂