1 MILLION STEEM Accounts - This is What Real-World Adoption Looks Like
A few days ago, the Steem blockchain surpassed the million account milestone. In my opinion, this is a HUGE deal because it represents true real-world adoption of blockchain technology.
Also, as I discuss in this video, going from 0-1 million is much, much harder than going from 1 million to 2 million, or 2 million to 5 million. This means that the sky is really the limit now as we could expect to witness exponential growth of Steem.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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We finally reached this milestone everyone spoke about. However, when I started to think about your video and 1 million users on steemit platform, everyone thinks mostly about real people, one account mans one person, right? Look at the FACEWHAT with 5 billion mostly real people, one person means one account. Then I think about bots and spammers. I always look at these things more realistically, even if reality hurst. We probably won’t know the exact number of real people on this platform. For sure, it’s lower. Increasingly I see more and more people with multiple accounts. When I opened Steemit account, I had to use my phone number to get confirmation #. Now, you can pay just a few bucks to get multiple accounts without the need of your phone #. I can understand some people using two accounts for security reasons. You can have funds in one account and post, comment, blog...with the other, or use one account for one subject and the other for another.
When it comes to transaction speed that’s where Steem completely outperforms everyone else combined. Bitcoin may be the most popular crypto but transaction speed is falling behind many of the other cryptos on the market. There are many cryptos focusing on improving their transaction speed and because of this, they are becoming more and more successful. For instance BTS, EOS or Steem in a matter of few seconds. Still bitcoin is bitcoin, no one can take it from it. Because of your today’s video I actuals found out of curiosity this interesting article
https://www.abitgreedy.com/transaction-speed/ it looks like it’s up to date. But if you want to take a look at it and let me know if that’s correct. I do find it interesting though.
If the LN is finished that year the post might need a lot of editing ;)
Apparently each LN channel can do 500 tps each!
Once again I would like to say thanks for bringing this great news for people who didn't hear about it before (like me) :-)
Steem has really paved the way a for the whole cryptosphere by literally writing the book on how to bring real world adoption in the world of cryptocurrencies. Not to mention the fact the transaction times on the blockchain are some the fastest out there and that it is totally free. The people are paid back not in dollars but steem, which allows them to actually have a stake in the ecosystem and not just mere profits. The more stake you have in the in system, the more you work to see it grow.
That means that not only people posting on the platform are incentivized to add quality content but they are also incentivized to keep doing so from a long term perspective. Bringing into existence a Harmonic growth system.
Now i guess its time to begin to anticipate our next breakthrough, we are going 10million, steem is going round the world, its a move of global adoption, just look at where we are coming from two years ago
Just like you said it, Steem blockchain is a great example of blockchain adoption and use of it.
For a long time, it had more transactions than all the other cryptocurrencies combined (in 24 hour period, I think), which is remarkable.
I don't know why people don't recognize that yet.
It is so undervalued sitting at that 29th position, while it is proven that it has a great product which actually works.
Not like IOTA for example.
It is ranked so high only based on idea, and not a working product.
Hopefully, people recognize that and put Steem where it should be... In the top10 for sure.
The truth is that Steem (and it's primary website - steemit.com) represent an evolution in not only technology, but also money, human interaction and society itself.
This is truly great news. The activation of 1 million accounts on the blockchain shows that Steem is been highly adopted. It is crystal that this is just the beginning. Soon we’ll shoot to 100 million as this the the best use-case we’ll find anywhere
I believe the sky is even the beginning. Though we have along way to go but a journey of a thousand miles begins with a step and we have taken it and its a giant one at that
Followed and resteemed!
Out of these one million - how many have bought steem and powered up..This is all that matters for the value of steem.
As they say in American football when going on a final drive to win the game "The first first-down is the hardest".
I feel like we only just got that first-down and still have the whole length of the field to go.
1 million steem account is a huge deal. It's not easy to surpass the 1 million steem account milestone. Steemit is the best crypto based platform I have ever seen. It's a dream come true for me to be able to learn so much from this platform, all the information we get the things we learn and on top of the we also get rewarded for spending time on steemit.
I hope it gets to the milestone of 2 million and then 5 million and so on untill everyone is on steemit. Here is a link to my post where I won a contest of 10 SBD.
https://steemit.com/steemit/@wa2qr/1-million-steem-accounts-a-big-deal