Good day Steemian welcome to today's Steem price update for 23/11/2019.
I have been posting the Steem price update since almost the very beginning of Steemit.com.
Many have came here to discuss the daily Steem price's and changes for over 3 years now.
I also want to mention incase your wondering that when something doesn't seem normal from the other regular "Price Updates" that the daily Steem price posts do occasionally change their format from time to time.
But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as it's important for your daily plan or strategy.
And even if you are not planing to do anything with your Steem I still recommend checking out these updates and so keeping an eye on the price.
So without further ado lets take a look at today's Daily Steem Price change for 23/11/2019.
Should you be trading with Steem today...?
So many businesses are plastering their Black Friday deals wherever they can. And so much respect to those companies who are keeping their deals modest to stop the chaos from going down again this year. However I received the schedule from my own work and was not pleased to see they require me to be in work by 6.30 in the morning. This annoys me not only because it's early but more for the reason that they speculated it would be far more busier then it was in the previous 2 years. What ended up happening is they continued to sent staff home throughout the day that were unnecessary. I wont be very happy making it in to work for such an early hour only to be told later to go home as they cant afford to pay all the staff. Anyway Steem as been going up slightly well until yesterday gosh it hit $0.10! Wish would be the lowest it's been for the year. Dam such a nice opportunity to buy cheap Steem which for me is a problem at the moment. Not sure what is going-on but my payments keep getting declined I don't know if this as something to do with an update on the exchange or my card. My betting is this problem as something to do with an update from the exchange. I managed to somehow escape work early on Thursday and so decided to use that extra time to try and understand why I keep getting declined payments. As those who deal with the payments service refuse to tell me what is the issue which is honestly just very frustrating. I contacted the exchange to see if there was any changes or updates that could cause such a problem. Not only did I learn the exchange had nothing to do with the issue but I found their customer service to be much more friendly and actually helpful then those who deal with the payments. Anyway with Bitcoins I believe it was on October 26th when it reached $10000 as it had been mostly stuck between $7850 and $8350 but since then Bitcoins as been going slowly downwards. The SBD price also dropped along with Steem and Bitcoins but since the Bitcoin recovery we have not seen a change in price, it was only recently that both Steem and SBD's went up slightly.
NEW-STEEM Bringing SMT's.
Steemit INC continue to work on bringing SMT's and communities, the team are not far off it's scheduled release, infact it's development is now done, also in it's review state didn't show the need for any major additional work so it's looking very positive. If your curious the whitepaper is still the most authoritative reference for understanding what SMTs can and can't do but it is also a very technical paper. That is why the best way to think of it is like giving users the ability to create their own Steem-like-tokens. You can set a token's emissions rate for your SMT and emissions rate's can change over time if specified in the formula. Remember that the formula is locked in consensus so you can’t change it once the SMT has been launched. There will be some things not included in version-1 of it's release like for example "powerdowns" but I believe it will come with the ability to powerdown at 13 weeks, but all this along with other options can be added and changed in future. For example needed added changes could be integrated using your own Hardforks of the created token this can include new features not even possible yet on the Steem Blockchain. In the end basically SMTs are leveraging the same Steem coding. Steemit INC have spent alot of time on Platform Independent State Files which is a great way for increasing the level of decentralisation. Another use case for this is it will be dramatically reducing the downtime on the exchanges. With Platform Independent State Files it makes it easier to move databases into a format that is consistent across many if not all platforms. In the end what matters is whether or not information has been independently verified, we need this as just because code is executed by a decentralised network of machines does not mean you can always trust it. See as soft consensus is code that is stored on a distributed ledger "like say Steem" and so this decentralises the code enabling anyone to verify that it is indeed being executed properly. Like this Steem reduces the cost of Soft Consensus to a fraction of what it would be on any other chain which is great for applications. Also if your a business or interested in marketing and finding a community of active users thanks to Steemit INC and their advertising partner "BuySellAds" anyone who wants to purchase ad space on the steemit.com website may also do so now. Steemit INC have also got involved in the burning of Steem, right now alot of extra Steem is floating around because of the SBD conversions, still but some of the gained rewards are going towards the SteemDAO.
Always do your own due diligence the above is only a opinion.
