What's the future for Steem?

khackett(58)

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#steem

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With the price of steem falling, many are worried that crypto is a failing project. A lost cause. The price crashing must mean something, right? I don't see it that way at all. And here's why...

At this point in time, crypto works in competition with the current central banking system. The price of fiat can move the prices of cryptos and vice versa. This creates instability in all crypto coin worth.

I believe that crypto currency is poised to overtake the current monetary system. Blockchain replaces the old system entirely and becomes a way for all of humanity to break free of our capitalist shackles. Once fiat is gone and only crypto remains, the prices can be whatever we want them to be.

The goal is not to make money. It's to replace it.

I'm gonna say it again for those in the back...

**The goal is not to make money. It's to replace it.**

There are multiple ways we, as a society, can use the blockchain to shape a new world. The age of abundance.

One way I could see this happening is tokenizing everything and have a separate blockchain for each function or sector.

For example, one chain gives everyone a basic income. @Mannacurrency already exists and is working towards making it a reality.

Now, you can take those mana coins and exchange them for whatever token you need. Right now, we are all doing this manually and the price we exchange other tokens for can vary wildly. In a blockchain only world, we can automate this into crypto wallets so average Joe doesn't have to think about it. Also, we can use algorithms to keep token and currency prices in check with supply and demand.

Example: You want to stay in a nice hotel room. You find one listed and tour it in VR. When you're ready to book, the system calculates the price of the room based on availability. If the hotel is say, only 20% booked when you reserve, it would cost only 20% of the full room rate. If almost full (high demand), the price can increase up to a cap. Still affordable, but would encourage people to wait until a later time to travel. Plus, there would be no way for the hotel to overbook rooms. It's all on the blockchain, if no rooms are available, no reservations can be made.

We can use the blockchain to vote. To find and secure housing. To distribute goods where they're needed and keep track of available resources.

We can also use it to record our journey. Our lives. Our hopes and dreams for this new future we're building. And we do that on steem.

Steem can be the social media blockchain. It can handle it all. Blogs, pics, video, games, gambling, contests, swapping, sharing, caring. You name it, we're doing it here.

Already, you can use the actifit app to track your steps during the day and post them to steem at night. wake up in the morning and have been rewarded for it.

THAT'S FUCKING REVOLUTIONARY!

I don't care if it's only worth pennies right now. The monetary value isn't what's key here...

It's the value shift we're after.

The light that comes on over your head when someone tells you that...

On the blockchain, your vote counts.
On the blockchain, no one person is in charge. Everyone's voice matters.
On the blockchain you can be rewarded for things you're already doing, like walking or playing a trading card game. (steemmonsters!)
On the blockchain, advertisers pay you to watch their ads.
On the blockchain, no one can be censored.
On the blockchain, we make the rules.

That, my friends, is why I don't give a flying fuck about the price of steem right now. Because the value of it, is immeasurable.

The ultimate goal, and next logical step in humanity's evolution, is a world without money at all. And while I fully support that idea, I do believe that we're going to need a stepping stone to it. Right now, all our trust is put in the people that own the money. Banks. Businesses. Governments. When that trust fails, and it's almost there now, people will not know how to trust each other. We're going to need blockchain to show us how we can fully work together and make things accessible to everyone. Eventually, within one or two generations, the monetary value assigned to tokens will most likely be largely ignored and mean nothing really. Everyone would have more than enough tokens to access anything at any time, (as long as supply was high enough) and eventually it would be phased out.

I know a lot of people who are very passionate about this next step into the age of abundance. We all, I think, have different ideas about how we're going to arrive at that goal. These were my thoughts on the subject. Let me know what you think in the comments. Am I way off base? Maybe. But what if I'm not?