Do We Overestimate What Can Be Accomplished In A Year?
People overestimate what they can accomplish in one year and underestimate what they can achieve in ten years.
I believe this quote was true for BITCOIN and that it is also true for STEEM.
Imagine when BITCOIN was first released...people, I am sure, had lofty goals. There was progress, but they were no way close to the goal of having a global currency. People work hard on the protocol with only marginal improvements from month to month. But people kept plugging along...even during the long bear market of 2014-2015.
Here we are, almost 10 years since the beginning of the experiment...and who would have thought that Bitcoin would be worth billions and that many of cryptocurrencies would have market cap over $100 Million Dollars?
Getting Blinded By Greed
It takes an above average capacity of self control to think long term. Especially when the ability for short term gains comes into play. Many people sold their bitcoin at $3.00 when they acquired them at $0.50. Only to realize that if they could have just hold on a few more years, they would be incredibly wealthy today.
Today, Steem is over a 100M market cap. I'm sorry to say but we shouldn't let greed make us blind to the reality. We haven't got there because Steem is better than any other crypto, we got here because of a grand swell that may not last.
It's important to keep perspective during these crazy times and to remain focus on the real end game rather than the price of STEEM today.
Where is STEEM Today?
It's been almost a year since I've joined steemit.com - Along with other authors, we've seen the changes, the ups and downs of the mood. We saw frustrations, spam, attacks, depressions as well as unbounded enthusiasm for the platform.
To be honest, I think we've all overestimated what could be accomplished within a year.
Some thought that we would be having millions of users and competing on par with reddit and the like. We, for a bit, thought that all the incentive mechanisms were just fine and that all we needed was users.
Well, we fell short of accomplishing this in the first year. But that's okay. We've overestimated.
Thoughts on the future
I think it's important, especially in crypto where volatility is insane, to have a 10 year plan. I can only see this space growing in the future. Who has the guts in here to hold on to those steem that burns a hole in your pocket?
The future is bright for STEEM but let's not overestimate what can be done in the year ahead.
Crypto is one of these things where early adopters benefit the most. A lot of people don't realize how big this will be in the coming years.
Delicous food cooks long!
Absolutely agree with what you said !
The curse of Cassandra...but this time will pay off :)
Absolutely true point(s). Crypto will take many years before it becomes relevant. The coins itself may indeed gain factors in value over time. The todays values are determined by risk taking investors mainly, creating some artificial value. Since the real value of a coin is based on what you can do with it, and for most of the coins this is simply, buy and sell for other coins. Regarding Steem and Steemit, to develop a roadmap towards eg a solid, good looking with right features social service, a year is very short to realise. Since its inception, Steemit is were it is, in beta, with limited set of social network features. Such software developments simply takes time, that is what I think you try to tell, and that is what I very much agree to.
Good post! It's too bad that we don't compete with Reddit or big sites like that, but we still have a strong community, and a very good platform, and a steady grow will eventually lead us there if we keep creating great content and interact with each other :)
here's to a bright future.
I'll start selling at 1000$ a piece.
interesting, and is true I'm planning to hold it until the last moment. thanks for sharing.
Hold your Horses !
It's great to have your skill and level headed thinking here on Steemit!
My future is tied to this community and crypto space. We entered a new era. I will be shocked if I am proven wrong. Linked this to my latest post.
Interesting and true!
I believe that Steem will be a big thing in the future.