Are We Alread Seeing The Explosion That Taskmaster4450 Discussed? Insights Revealed...
I just finished writing my "convergence" series about how we are a tipping point with the steem blockchain and how things are about to explode.
We are already starting to see some if the things I discussed coming to fruition.
Apps are very important and one making headway is steemit.com. Over the last few months, we witnessed steady, albeit not sensational, growth. 
While this number looks rather small compared to the overall size of the social media market, it is vital to remember we are still in beta. Steemit is still ironing things out. That said, when joining in August, I was somewhere around user 318,000. This means 180,000 people were added in just under 4 months. I think we see the growth rate increase in a compounding manner in 2018. Do not be surprised if there are 1M accounts by the end of April.
One of the things that will drive the growth rate is the price of STEEM. In the last couple days it shot up about 20%. This is crucial because everything on steemit is listed in dollars. Did you notice what happened to all your payouts. Looking on Steem.supply, we see the value of our next week's payments soaring. Suddenly your 50 cent post is now worth 60 cents.
This will only draw more people in. We are going to see $3 in a short period of time which will make all these numbers look even more appealing to people.
Steemit is quickly becoming one of the top sites in the world. I do not thing many are aware of this.
A few months back, people were bragging about how steemit.com was a top 2000 site in the US. That is a fairly impressive figure especially for a site that was about 18 months old.
Now, we no longer are ranked at 2000 or 2100 in the US. Instead, according to alexa.com, steemit is in the top 2000 globally with a ranking of 1988. In the United States, this site sits at exactly 1000.
When we see the break down by country, or at least the top countries, we notice that the United States has the highest percentage of visitors. Second, surprisingly is S. Korea.
What I find fascinating about the South Korea ranking is that steemit is #350 in that country. This site is quickly becoming one of the dominant sites. Therefore, I can only surmise that there is a good chance steemit is on pace to becoming one of the top social media companies in that area. This is a remarkable accomplishment when you consider that S. Korea, while not the biggest country, is very advanced from a technology perspective. I imagine this will open a lot of doors in terms of development.
For those who missed the convergence series, in the last post I mentioned the technological curve. One of the reasons I am so optimistic about STEEM exploding is we are still in the early adopter phase
All technology goes through this pattern. At its core, cryptocurrency is a technology, hence subject to following this curve. While many can point to the run up in bitcoin or other cryptocurrencies, from a technological standpoint, we have not seen even a smidgen of what is coming. We are at the base of that red upward sloping curve. 2018, in my opinion, will see us really starting to ascend it.
It is wonderful to see things unfolding exactly as they are suppose to. None of this is coming out of left field. Each of you can rest assured that blockchain is doing exactly what the Internet, PCs, and cell phones did. One of the reasons people say we are at the Internet circa 1994 is because of this curve. Technology people realize that the adoption rate is only going to accelerate. It does with all technologies. As advancements are made, prices start to come down and the technology becomes mainstream.
The nice things about blockchain, in general, and steem, in particular, is that we are far from mainstream at this point.
500K users on steem is a wonderful accomplishment.....just wait until we pass 5 million...then things should be really interesting around here.
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