Steem is at the forefront of monetisation of blockchains and creating real value for STEEM besides speculation.
It's been an amazing holiday season so far for me and even though I probably need the whole of Quarter 1 of 2019 to recover it's been worth it.
It has allowed me to take a little bit of a more zoomed out approach when it comes to Steem and that's pretty healthy actually.
STEEM price went below 25 cents so I bought a little bit more this morning and powered some of it up as well.
I was also happy to read that project @actifit started to onboard users though paid subscription in a cool way by giving away some extra perks if you sign up through them.
I'm starting to like paid on boarding more and more. I know in this day and age everything needs to be free but it's a one time expense giving you access to a whole world of apps and opportunity and 10 bucks is not over the top.
Also it's my finding that people that pay for something are automatically also a little bit more invested with their time and attention in the thing they paid for.
And the option for free accounts is always still there but you just have to wait a little longer if you don't want/can't pay.
And to put that into perspective. Yes I know generating an adress for Bitcoin or Dash is free and instant. But that's all it is until you fill it with PAID FOR crypto and then what? You can't do anything with it really besides looking at it or sending it to another adress for a FEE.
Hurray.
Revenue besides speculation
I think the realisation that revenue besides speculation of the STEEM price going up is something not only we will face as a blockchain other blockchains will have to face this as well at some point. I'm hoping 2019 is that year.
I know other blockchains are much better at telling a good story of future promises than us but they all have to prove a use case and revenue/business model at some point. Otherwise it's just speculation.
With Steem I consider us at the for-front of this realisation with our current WORKING apps and real people using them. We don't have much future promises imho. Just real people putting in work. (And hopefully a rejuvenated down to earth Steem inc. providing the tools starting with MIRA.)
I don't see anything wrong with apps trying to figure out how to get users to pay for their applications. Either with FIAT/other crypto or STEEM that their users earned on this blockchain or simply finding other ways to generate revenue (advertising).
I know this is met with resistance but in the end of the day the only way STEEM is going to go up besides speculation is finding ways to make people want to buy STEEM to use it.
True value for the STEEM price will come from applications that can draw in money from outside the Steem blockchain into the Steem blockchain.
It's also these applications I would like to delegate my STEEMPOWER to because it's those applications that will also be able to offer a much bigger ROI than anything on the blockchain today.
For me, 2019 is going to be my third year on the blockchain and probably will be the most interesting year with all that's going on with Steem.
This blockchain has gone through several phases from its inception (starting with just steemit.com and blogging) to what it is now and it sure is maturing rapidly.
If STEEM can keep the lead in real use cases and monetisation of the blockchain through the ways of REAL WORKING applications it's going to be a great year for Steem holders.
I can't wait to see!
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I realized that investing in something you have no control over is very stupid. It is essentially gambling. I am not a programmer/developer so what am I going to do to contribute to bitcoin? If I can't find a way to either enrich the value of bitcoin, or earn more bitcoin, then why am I just going to speculate on the price? That is a dumb way to earn money.
On the other hand, I can actually contribute to the Steem blockchain using the dapps and help form communities that enriches the platform. That way, not everything is out of my control.
Most people are just holding bitcoin/litecoin without being able to do anything to improve and enrich it. That isn't a good investment. Steem on the other hand puts power into my hand because there are things that I can do!
This echos my thoughts at this stage of blockchain development as well! I would only add that Steem also connects stakeholders in any role they play. For example, a developer is just as much an investor as a content creator is as both are building value for the ecosystem.
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💯 this thanks for sharing
That's well said man!
great thought thanks
Super exciting and really pleased to hear the news too! @actifit leading the way with their integration of Fitbit and now this with their help of on boarding.... What's next? 🔝
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That is pretty cool what activfit is doing with their model. I have seen a couple of other projects do this as well with delegations and things like that. I think it is a great idea and as you said, it gives an incentive to use the account and be active. I am excited about what 2019 has for us as well.
I'm fine with payment models as long as they're reasonable and actifit looks reasoannble to me!
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We are in a transition to a new type of business model and the creation of a crypto economy.
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Yeah I know that steem is one of the best cryptocurrency there is because you have a platform you can use it with. The mining by voting option is so great. But beside that the other apps you use like actifit and steemmonsters the browse apps and chromeplugin now a game like wow has to be created to get all those millions of gamers in. But besides that it's great that the develop community is acting on creating revenue independent of steem.
I reached my very bottom of my finances so instead of turning fiat to steem I turn my musicoins I mine to steem now. My tradebot converted eth in steem but at his highest point so I put my steembag in the bagbuster. There will be a post on that This weekend I think.
Have a great day exyle.
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You are an inspiration
Im buying as well
Posted using Partiko iOS
I can't wait to be dumped on again by all the anonymous whale witnesses that provide so much technical support here on this blockchain. I hope we can stay above 80th spot on coin market cap in 2019!
We need more games and more gambling on the Steem blockchain.
This will entice more gamers to buy STEEM.
Just have a look at @magicdice, their wallet went from 8000 to 70'000 STEEM in a 3 to 4 weeks.