We all tend to be impatient. This seems to be a part of our condition as human beings.
Each day I write about my bullish beliefs with the STEEM blockchain. I feel the potential here is absolutely amazing. Over the next few years, STEEM has the ability to alter the path of humanity forever.
The question is can you wait that long?
If I told you that in 36 months, STEEM would have hundreds of millions of people participating in the onset of an abundance age, would you be willing to wait for it? Or would the complaints come that it is too long?
STEEM can be at the epicenter of all that is going on with tokens. To start, it has an advantage over most other blockchains in that it uses graphene, thus giving it some incredible horsepower. While the ability to do a lot of transactions is there, the development team is having to concentrate on building up the back-end to handle all the traffic. It is akin to being on the Autobahn. Even though that can handle 170 mph, it is of no use if one is in a 1972 Pinto.
This blockchain is going to be a token factory. My belief is that a large portion of the run-up that Ethereum had in price was due to the ERC20 protocol. More importantly, it got that blockchain the publicity which drew in developers. Now, it is the leader in dapps even though there are scaling issues with the blockchain itself.
Generating tokens creates wealth. Having a system in place that allows people to get the tokens without having to invest is a major step up. As we move towards a tokenized world, we are going to see mass adoption of cryptocurrency. However, I do not feel that the large majority of people will ever "buy" a token. This means that getting it through the utility is necessary. The STEEM blockchain provides that opportunity.
I keep referring to @steemhunt as an example of what the future might look like. This is an application that is going to have a SMT generated token on the STEEM blockchain. They are already rewarding people with Hunt tokens. It is providing people with different ways to earn. Also, it increases the daily reward pool by a significant amount since it has its own distribution schedule.
Of late, security tokens are starting to receive some attention. We are seeing the creation of a completely new form of financing. Did you see what Swarm is doing? It acquired equity stakes in companies such as Coinbase and Ripple. With this, it is issuing tokens to represent the holding in each company. This means they are applying liquidity to their ownership portion of those companies. It is the first example of fractal ownership of this sort that I know about. Coinbase is not too happy about this yet, in the long run, is there really anything they can do about it? With decentralized exchanges, how can they stop it? It will be fun to see how all this unfolds.
https://swarm.fund/techtokens/
By the way, are you aware that STEEM has its own internal, decentralized exchange? Could security tokens (also being called Smart Assets) also be issued on the STEEM blockchain? Perhaps it can. Consider for a second being able to earn some tokens by playing your favorite games, such as @steemmonsters, on this blockchain. Then, you take those tokens to buy a piece of Manhattan real estate. How does that alter the options one has?
My point with all this is that we need to start stressing that people who come onto the STEEM blockchain are, potentially, entering the Age of Abundance. We are all aware of some of the drawbacks that exist at the present moment with STEEM and Steemit. Yet, many of those challenges are being worked on.
It is easy to focus upon the problems and miss what is unfolding before our eyes. STEEM is the blockchain of opportunity. Many like to criticize the developers, often without warrant. There are some who are aware of what is going on, so they might have a point. However, there is a solution there. @lukestokes posted yesterday about an option if the community feels it needs another direction in terms of development.
This move would adjunct what the Steemit development team is doing. In other words, it is another source of expertise to move this blockchain forward if the community decided to go that way.
https://steemit.com/witness-category/@lukestokes/eos-is-alive-object-computing-steem
It is going to take a few years for everything to unfold from a development and mass adoption standpoint. As I alluded to yesterday, a great deal of innovation is going to be boring. Security and user friendliness aren't the two most exciting areas yet they are vital if blockchain and cryptocurrency are going to take the next step. This is an industry wide-problem. Have no fear, the Internet was this way in the early days also.
I want you to consider a time when one can sign into his or her STEEM account and have the option of earning hundreds, if not, thousands of different tokens. With those tokens, one can convert them instantly into any token that exists with a few clicks. As time goes by, one will be able to purchase many of the necessities in life using these same tokens, especially when wallet systems advance. This means that anyone, as long as there is an Internet connection, can become part of the global economy.
How do you think that ability will alter the path of humanity? Are you willing to wait 3 years for it? And, if that is what is before us, why do we still operate from a place of scarcity? When we are looking at the prospect of hundreds of billions of dollars worth of tokens on this blockchain, how can anyone see anything other than abundance?
There are many who are still scamming, spamming, and trying to suck every token they can out of others. This is behavior that shows they fail to see what is happening. Fortunately, there are enough creators who are offering something different. They are adding to the STEEM ecosystem on a regular basis. Over time, as all this unfolds, their contributions are going to put tokens in the wallets of thousands of people. Multiply this over all the different projects that are going to arise and we see the shift towards abundance.
This is what I see before us.
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