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RE: Why STEEM is more valuable than you think
Yeah, you're right, I believe that if not all but some of the bigger companies will adapt SMTs because SMTs has a potential and already showed success and reliability to the world in a form of Steemit and other steem blockchain apps.
Just as we saw with the transport industry people went from horse to cars in just a few years. Everyone started using cars because of how much more value you got! These things can go extremely fast once it gets momentum. Mainly because everyone wants to save time and energy. And why spend your time on a service where you can't earn any Tokens? Really does make 0 sense now when these new platforms comes out.
Investing that was only for the elite a very long time is now becoming mainstream. We can invest in other people in real time and transfer value to them. This will increase innovation and creativity. But since we are building decentralised systems I'm pretty sure other companies can start to compete with Steemit real fast. Especially if Steemit doesn't fix the bot issue and self upvoting problems that kind of destroys the featured page. But I'm sure some smart person could fix this somehow. Especially since we still are in early development.
The Blockchain apps are really cool how if one goes down you can quickly start to use another. But I'm still curious how the main Blockchain is hosted and where it's located. Does it jump around on multiple servers? How many GB in size is it? Very interesting questions. If the Token system works on Steemit then clearly SMT will be a major success as well!
Yeah, exactly, you're right that by helping each other in a real time on the Steem blockchain will increase innovation and creativity.
I agree with this point.
Steemit platform is still young and growing because it is still in early development. So I think that Steemit Inc is working on this and I hope that they will figure out this issue and the user interface (by placing all the steem blockchain apps posts on the steemit platform that is so weird.) issue soon.
You'll see that After launching SMTs, It will play a great role in the success of Steem blockchain and steem token.
I believe on Steemit, Steem blockchain and the whole community of it because I like Steemit.
Yes it's a very nice platform right now!
I try to not get too emotionally involved since anything could happen in this Crypto space. Especially when there is lots of money involved. Clearly Steemit Inc will be put to the test more this upcoming year when competitors will enter the market.
Very interesting the amount of apps that is currently being developed that is using the Blockchain. It solves so many of the issues that people have with these big monopoly companies. Don't like a team or app? Use another! And you can still use the same core Blockchain. For me it's a genius system! Since people are scared of expressing themselves on these giant networks that could silence you very easy.
But the interesting part for me in the future is how speed will affect all? Since we always crave more speed. Clearly there will be many that won't be able to keep up. Clearly the younger generation will get a major advantage especially the geek niche of people. The computer guys! But how will the others keep up? Maybe it won't be a major issue. Perhaps we could solve it by making things easier to understand.