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STEEMITBLOG UPDATE, SMTs AND THE FUTURE... by cryptoctopus

View this thread on: hive.blogpeakd.comecency.com
· @cryptoctopus ·
$167.63
STEEMITBLOG UPDATE, SMTs AND THE FUTURE...
https://steemitimages.com/0x0/https://i.imgur.com/1ouHCOR.png

## Introduction

Yesterday @steemitblog updated us on the development of SMTs. This update, [after the one we had last week regarding Steemit Inc reflecting on the 2017 roadmap](https://steemit.com/smt/@steemitblog/smart-media-token-development), was very much appreciated. Here I detail what I think about it and the reaction I've gathered from other veterans.

## Communication

Steemit Inc hasn't been the best at keeping the community in the loop last year. As an investor/user, when you are in the dark regarding what's going on, time feels like it is slowing down. Everybody welcomes this new approach from @steemitblog to keep us in the loop when **something** happens. Even if it's just having a new exchange listing STEEM.

## SMTs

We can all agreed that SMTs shouldn't be rushed. They are basically changing the engine while flying at 1,6M transactions per day. [In that last blog post](https://steemit.com/smt/@steemitblog/smart-media-token-development), they made it clear that they wouldn't cut corners. 

#### Automated Market Maker

This makes Steemit.com the most appealing ICO platform I can imagine. Not only those tokens will be instantly tradable without fees...those tokens will generate their own liquidity!!!

For anyone who ever tried to bootstrap a token (I did on bitshares way back), it's almost impossible to do unless you have massive resources to get listed on exchanges.

## Speculation

Through the automated market maker, what will happen (if I've read correctly), is that STEEM will be locked to generate the liquidity similar to how the bancor project talked about it their whitepaper. That will make it so that the supply of liquid STEEM will fall as more and more successful SMTs are launched.

Add to that the process of burning steem with every new user signed up and we've a recipe for massive upside in the price of STEEM...to the point where being a Top 10 crypto is easily imaginable. ($20+ per Steem)

## Hivemind

We are still waiting for more information around the development of Hivemind, the community layer for the STEEM blockchain. I have been waiting for this a whole year to be honest...in January 2017, I thought it was priority #1. As much as I am excited about SMTs, Hivemind is what I think is the biggest need that we have from a front-end perspective.

We are still dealing with a firehose of content that is impossible to curate properly. Spending time in the "new" section is a fools errand.

I'm looking forward for a more detailed update on the Hivemind protocol. Right now, we can see that the [1st milestone is about 80% done](https://github.com/steemit/hivemind/milestone/1), while [milestone 2 is a 10%](https://github.com/steemit/hivemind/milestone/2) and [milestone 3 is a 0%](https://github.com/steemit/hivemind/milestone/3). I don't know what it means in term of front-end implementation but I can't wait seeing it live on steemit.com

## Conclusion

If you don't know if you should power up everything you've earned so far, I think this is your cue. This thing will moon sooner or later. Please let me know how you feel as an investor in STEEM and what you think of those weekly updates. 

Image credit: @voronoi
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 437 others
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vote details (501)
@abdurrahim007 ·
Impressive blog sir @cryptoctopus. Thanks for sharing with us
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@abovethestars ·
I still  don't  understand  really  well.  😢
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@adeboy1 ·
Good news, interesting one, @steemitblog have made a good update, let give a try.
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@adson · (edited)
Articles that are very useful for all of us, hopefull steemit can survive in a long time ..
👍  ,
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vote details (2)
@ainie.kashif ·
Hi @cryptoctopus, this is another great news from you. I really want to follow your cue and I hope I can pile up more SBD to power up before Steem fly to the moon. Will wait for more concrete updates from the Devs.
👍  
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@aireal ·
Steemit is a blogging and social networking website on top of the Steem blockchain database.[2] The Steem blockchain produces Steem and Steem Dollars which are magic bean tokens users obtain for posting, discovering, and commenting on interesting content.[3]

Steemit, Inc is a privately held company based in New York City and headquartered in Virginia. The company was founded by Ned Scott and Dan Larimer, creator of BitShares, and EOS.
[source](https://en.wikipedia.org/wiki/Steemit)

Steam now got it to this point.They're trying to do something new every day.And we are one of the best in the future
👍  
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@aldahyr77 ·
Esto es increíble, Cone esto Steem blockchain creará bastantes millonarios, yo siendo principiante iré aprendiendo más de esto, y estár dentro de los millonarios.
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@aweber ·
Nice! There's always so much conjecture out there about certain details with the future of Steemit, so it is nice to see some thoughtful and laid out plans by the guys in charge. I'm also excited about the Hivemind/communities aspect, whenever that happens. I've spent time browsing the new tag, and it's.. Yeah... Not great ha.
Onwards and upwards to $20 steem!
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@bigtom13 ·
My investment money is pretty puny, but I really like this news.  I've powered up all most all, so it's nice to see some validation from you.

Let's go.  I'm ready.
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@bloomberg215 ·
$0.03
Great post. I am long term investor in Steem, since I believe in this platform. About a week ago their was an article on Bloomberg, about Websites that pay users and this is a very good sign that Steem slowly getting into mainstream. We are still in beginning stage, so their is going to be a lot of volatility in the markets, but in long term we will be big winners.
👍  
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@bluewinter ·
$0.25
Holding Steem is the best way as you can take profit immediately
👍  
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@buy-bitcoin ·
Great update on progress with Steem, thank you for this. SMT is a killer app if it is done right.
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@cemke ·
Thanks for the valuable post. I'm trying to increase my Steem Power by using Sbd which I earn from my posts and comments. I also bought some Steem Power. I hope I will not regret about my decision :) waiting for new updates..
👍  
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@cryptoctopus ·
This is a god send to have SBD higher than $1...more steempower for minnows!
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@chelinxar1 ·
I think it´s important to take their time to develop smts
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@chiama ·
I am definitely waiting for when we cab purchase SMTs. The @teardrops SMT is getting really popular.  ♥
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@cryptoprofessor ·
These are exceptional updates. 2018 is gonna bring with it a lot of success, just with steemit alone. I'm still looking to buy more Steem. But like you said, this is cue. I have to buy more and soon
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@dedicatedguy ·
$1.19
I think it would be great if they did these updates more regularly, like perhaps once a month would be good. 

Either way, I do feel a lot of confidence for this platform and clearly it is a hold. 



You also mentioned a 20$ price and I have seen even more higher predictions, we all hope for those predictions to come true one day, but the high inflation on this blobkchain is probably the thing preventing a more aggressive upward trend. 

But with the SMT and the hivemind development, adding a huge increase in popularity, steem should indeed grow a lot this coming years.

***

I would like to know what you think about EOS platform, since they are apparently planning to develop some competition.
👍  ,
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@trendo ·
Yes, I agree that regular updates would be nice. I believe they will update us more regularly, because they want us to know what's going on with the development. So expect regular updates from now on!

I think 20$ price is going to be the beginning. I'm pretty sure we can reach even 100$ by the end of the year. But, we will have to wait and see what truly happens!
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@eddy2cul ·
Wow.  Thanks so much for this info, Mooning is definitely sure in Steem. Glad Im one of the lucky ones to have known about it now☺
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@ellaironheart ·
Could you explain me please what is SMTs?
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@emma001 · (edited)
Would be a welcome development if implemented. The future of steem is bright
👍  , , ,
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vote details (4)
@emmyem84 ·
Coming from a non technical background and being a crypto noob I really appreciate how you break this down.  I was wondering if Steem was going to be locked for SMTs and you answered my question so thank you! I am new here but I, like you am more interested in the Hivemind communities aspect of Steemit. Im really hoping that it solves some peoples concerns about the Trending page. Overall your post makes me even more optimistic even as the price of Steem is falling ATM. :)
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@faisal79 ·
![1112.png](https://steemitimages.com/DQmWrsXHVBaGw97u9F1LGg6X2pDC8YjrrZouKZMV1J9yKgf/1112.png)
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@fatherfaith ·
$0.02
Even though I don't earn much to power up, since I heard about SMT I've started powering up. I think the best anybody can do now is to start powering up
👍  , ,
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vote details (3)
@fitzgibbon ·
$0.53
Be sure to get all the Steem you can while it's still cheap!
👍  
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vote details (1)
@gauttam ·
$1.95
We are eagerly waiting for SMT this will bring boom in steem and list it in top crytocurrencies. Please keep on updating us. I am so happy that I have joined this wonderful platform in its early days. Thanks @cryptoctopus
👍  
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vote details (1)
@ghulammujtaba ·
$1.95
I can't comment from an investor approach since I am not the one right now but as a user, SMT is a great and unique approach of attracting the world to Steem Blockchain.
👍  
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vote details (1)
@gmjahidhassan ·
Thank you for sharing good information. 
Best of luck .
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@gniksivart ·
$2.35
Everyone wants a product that is released to be good, but I'm just hoping they don't spend all this time trying to release something that is perfect and ends up being a perfect pile of useless tools.

I'm hoping they're going to eventually release a product that might be 3/4's finished so that way the community can give feedback if it should be polished, or it's nothing that we're interested in and they should start over. 

I'm still not convinved I should be powering everything up. I really appreciate the weekly updates, but to me that's just a step in the right direction. They have a lot more trust building to do before I'm back to being all in.
👍  ,
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vote details (2)
@decomoescribir ·
$0.02
So true!

SMT promises to be a widget into Wordpress sites, and thats massive. Every big blog or community can engage the users with a Coin. I think they are rushing the SMT becouse EOS is coming. 

if STEEM doesnt make a difference, EOS will prevail to be the main platform for Social Media. Its bigger, faster and better designed.  STEEM MUST do a first move advantage and implement SMT in big communities and they need to do it NOW.

Thats my guess,
D.
👍  ,
👎  
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vote details (3)
@vahid564 ·
Wooow
properties (22)
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@hayomi ·
$0.02
There has been so much talk about SMT recently. I think it a good development and it's goingvto add more value to Steem. Let's all do all we have to do in preparation for SMT. 
The month of March is go8ng to be great
👍  , ,
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vote details (3)
@hornblende ·
$1.12
The updates are really cool @cryptoctopus they keep abreast with all the happenings that are going on in the steem blockchain. Users get to know the lastest news and drop their suggestions which are looked upon.

These news are indications that Steem will soon moon and we can't wait for it.
👍  
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vote details (1)
@ivanfurqanpurba ·
great post
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@jahirul18 ·
very nice post
👍  
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@jakboy ·
wow very excellent post
👍  ,
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vote details (2)
@jareen61 ·
Investment in steemit will be profitable if we are active in this platforms.  Your inspirational post really will increase our interest to steemit. Thank for your great information.
👍  
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vote details (1)
@jcobs ·
$0.04
SMTs will add more value to Steem, new and existing websites, and create more demand for the Steem blockchain. This will essentially increase the value of the platform. With the growth of communities, applications, and adoption, new markets can be created all while being cost effective.

By creating such an ecosystem, this makes Steem a global advertising network to change the internet as we know it
👍  ,
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vote details (2)
@trendo ·
There's just so much new things coming in to this blockchain... The future is so bright! We just have to be patient and wait for everything to come in place. I'm excited to see how SMT's will benefit existing websites!
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@jerrybanfields · (edited)
I have been sitting tight for the group layer also for quite a while now. I believe it's truly something that Steemit is missing. Despite the fact that SMT's will be a tremendous hit and it will drive the cost of STEEM up, regardless we require groups to make it more enjoyable to be here, you know? Take a gander at Reddit, on the off chance that it didn't have Subeditors, would it be fruitful? Or then again even amusing to utilize? We truly require groups here, in light of the fact that there are an ever increasing number of new clients coming in and the measure of substance posted in the New classification is insane.
👍  
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vote details (1)
@journeyoflife ·
$3.67
I read many posts about it ever since I woke up and I’m SOO happy that it’s finally starting to fall in place . The idea that you will be able to purchase tokens is jsut amazing , I want to see what people will produce. Steem paltform itself has already made good marks being on top this year , this is be the highlight now !!
👍  , , , , ,
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vote details (6)
@vahid564 ·
Thanks bro
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@dedicatedguy ·
She's a girl...
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@kaynosh ·
Good to know about this but can you please explain what SMTs are?
Not knowing kind of makes the post vague
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@keban ·
SMTs will definitely push up the rise of Steem price, markets and with increase in communities investors and bloggers steem is definitely going to the moon, it's pretty good time for investors to plug in now. Steemit becoming a major trading platform will be the result
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@killerkuasha ·
A nice idea, we can use your daily publications on this subject, to be certain to make the right decision.....
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@kyusho ·
Thanks for your outlook @cryptoctopus, I prefer them not to rush as well... _**but what do you believe better to accumulate Steem or SBD during posting... to be ready for the roll out?**_
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@lakeshorebrewery · (edited)
Honestly @cryptoctopus , I value these posts, but I'm not sure how much I actually gain from reading them. I can tell that this information is valuable, and I certainly appreciate your willingness to share, but I'm nearly clueless.

I've been earning straight 50/50 across the board. I have not powered down, so my SP is accumulating, although minuscule . I have exchanged some SBD for bitcoin when the market was up a bit in December, but have also started to allow that to climb. The intention was to allow STEEM and SBD to essentially pay for new gear and fund small trips and such. But, your post makes me believe I should power up and/or convert to STEEM because that is where the real value is, long-tern I'm guessing...

Would you say my suspicions are correct? Just when I feel like I'm starting to understand, I realize how clueless I actually am.

Thanks for reading.
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@leahlei ·
Thank you very much for sharing this update @cryptoctopus. Wow this is awesome!
>Add to that the process of burning steem with every new user signed up and we've a recipe for massive upside in the price of STEEM...to the point where being a Top 10 crypto is easily imaginable. **($20+ per Steem)**
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@levitated-mind ·
Nice development. Can't wait for SMT to be launched finally
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@luckyalam ·
Yes you are right...We need something solid ICO for better performance of steemit and coin where we can do trasection easily without any charge...I have been hearing about many ICO platform which is been developing to solve the problem of blockchain exchange with out any price cut.. Something which can take price upper level...@hivemind looks promising but as you said its still in process...I hope we will come with somthing very friendly ICO platforms where we can trade token without any hassles and user friendly...
👍  ,
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vote details (2)
@lukebrn ·
Thanks for summarising the update @cryptoctopus, smts are something that I am very excited about. 

I think that they could without a doubt help increase the price of STEEM hugely. The tokenomic properties that automated market making brings about alone speaks volumes with regards to potential price action.

I agree that they should not be rushed, do it right or don't do it at all!

Thanks again for sharing.
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@meesterboom ·
2018 is just gonna be up and up for Steem and steem holders. The time is now! Or nearly :O)
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@mehraab ·
Very nice thoughts
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@mindtrap · (edited)
$0.02
Great explanation. I have a question though. Steem has circulation around 265 millions right? We are currently at 250+. Sooner o later there won’t be other steem for ‘mining’
I think that is when it will rise it s price. 
So the question smts are coming to replace an existing coin in the platform or will be just added to those two?
👍  
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vote details (1)
@mirshamin ·
Absolutely STEEM provides  a great platform for an investor.... Please let me that by liquidity of tokens what u mean.. And also I think the idea of hivemind protocol is awesome... And how much should one invest within a frame of time...
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@moneyinfant ·
I imagine we'll have to wait for Hivemind because it seems that SMTs are far more important right now for SteemitInc. Hopefully we get both by the end of the year, but I agree with you that nothing should be rushed.
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@muhammadfurqan ·
A lot of new things about this right now, for the beginners they will be very happy and will follow it. Therefore the security and ease of performance of a system will be very influential on the user
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@muhasib ·
hope it has a bright future, thanks for posting such things,....
👍  
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vote details (1)
@mumin007 ·
Quite informative, keep posting stuff like this, thankyou
👍  
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@muzaifwani · (edited)
i think investing on steem will give us good profits!
 Steem needs little polish to appear selling so as to enable a good waves on exchanges
keep up goodwork!
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@mywhale ·
Hello **@cryptoctopus**,

Extraordinary good & very descriptive post about the latest SMT news release. SMT is the concept of game changer & like you said it'll rise STEEM price to the moon. Incredible discussion & you highlighted all valuable fields very well.

~**@mywhale**
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@nilima ·
Steem will have its breakout any day...
  Smart media tokens
  Millions of users incoming
  Strong word to mouth community
  More ways to burn steem
  what about the theme, whether one day one theme such as colorchallenge, thanks.
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@obaidb2 ·
At last the update.....i was waiting for this.,..
👍  , ,
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vote details (3)
@omerserhanozugur · (edited)
Today, writing on the internet, photo sharing, video sharing and so on. There are many people who love. Facebook, instagram etc. communities user no prize, money etc. a platform that takes care of SteMeT users when not demanding. With its own currency, it also has a payment plan that will not shake the trust of its users. so I think that people on other platforms, especially blog authors, will go to steemit..we can do this as support for each other.we can not go anywhere with our own efforts. we all must support quality content or direct each other to produce quality content.
👍  
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@otemzi ·
$1.18
> That will make it so that the supply of liquid STEEM will fall as more and more successful SMTs are launched.

With the above it is already clear that, powering down now will be a total loss of what is to come

> Spending time in the "new" section is a fools errand

lol exactly, each seconds close to 10 different post are been generated and spending time there, will be no use, picking a specific tag, just like what you did with **photofeed** its likely the only way out. if only we had quite a considerable of amount of users with high enough sp, specialize on different tags, curating problem will prove to be no more.

So I have 300sp, but I still think am an investor, the recent update on the happenings of steem its quite needed and I think the weekly update is really needed, although not all happening might be broadcast after all we are all humans and we are bound to miss some
👍  
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vote details (1)
@penking ·
Powering up is the best decision any Steemian can take right now. The temptation to cashout the bountiful rewards might be great but how about tomorrow. Have you thought about what I'd feel like to have more influence on the platform? To have a say?

@greenman published a post about long time investments and I believe this is the classical example.
Take advantage of this amazing opportunity, power of STEEM and seize your future with your hands. Key into the limitless heights that steem is about to be projected to.
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@perry1 ·
The week by week refresh thing is the best for the group. Everybody, both existing and meaning financial specialist can screen the genuine advance made and the arrangements for the future as opposed to peruse or hear hypotheses all around. 

Individuals can likewise connect with the brains behind the steem blockchain tasks. Any way it is, this is a win-win for the two sides. 

This is really the best time to put resources into steem on the grounds that every one of these advancements and incorporations are pointers to one certainty - that steem is moving with the speed of light and mooning will be sooner than anybody can might suspect. We as a whole need to assemble energy and catalyst. I as a man need to do some work on this.
👍  
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@polashsen · (edited)
I am waiting for update. It has a bright future. I think this  time nearly
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@rahul86 ·
The idea that you will be able to purchase tokens is jsut amazing , I want to see what people will produce. Steem paltform itself has already made good marks being on top this year , this is be the highlight now !!

![received_1796405623986395.gif](https://steemitimages.com/DQmeie9tgqdC2dPrNM9nz8XsWvYknJiwnK2cuZueYJEgKTt/received_1796405623986395.gif)
👍  
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vote details (1)
@resteemia ·
$1.82
the news release you summarized well. according to your article smt is not only the top update of this year. so many developments also planning to process with it too. impressive article & valuable information to all steemians **@cryptoctopus**

@resteemia
reteemed & upvoted
👍  
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vote details (1)
@rival ·
$2.33
Thx for your words regarding the update. I truly hope to believe that steem will be $20. This would make a lot of dreams come true.. I hoped to see at least some reference date that they will launch the SMT's. now people have to wait and decide whether to use the STEEM platform.
👍  ,
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vote details (2)
@rjunaid12 ·
Will steem and SBD rise together?
Steem will rise for sure and if sbd doesn't rise with it, it will be really difficult to increase your steem power..
Man, I wish I had enough sbd now to convert to steem..
👍  ,
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@robrowe ·
thats great to hear about some SMT i think with the launch of SMT steem will grow like rock and also i agree with you the price easily up to 20 $ per steem 
hope after some months we will see steem on sky and it will give all of us a bright future and we should stick on steem 
hope you will share the more information about hivemind next
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@roselover ·
Really great article made a good choice my friend you are a really wonderful person![DQmbr7DE1VM7QAURN4T1pS8XTAyrMQggJV1Lc6GqzWGmeEA.gif](https://steemitimages.com/DQmbr7DE1VM7QAURN4T1pS8XTAyrMQggJV1Lc6GqzWGmeEA/DQmbr7DE1VM7QAURN4T1pS8XTAyrMQggJV1Lc6GqzWGmeEA.gif)
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@rothberg ·
>>That will make it so that the supply of liquid STEEM will fall as more and more successful SMTs are launched...Add to that the process of burning steem with every new user signed up and we've a recipe for massive upside in the price of STEEM...to the point where being a Top 10 crypto is easily imaginable. ($20+ per Steem)

Your post only confirms what I already believed in.  I've already made a few of steem dollars, and I don't plan to cash it out any time soon. I convert it into steem power of this community, because I feel that it is well worth it. To me steemit is a sanctuary of free thought and real life. A place where you can just blog about what you have going on in life and complete strangers wish you well and root you on. You can talk about things that are important to you and others from around the world can comment and share experiences.
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@rzaman ·
Thanks for sharing good information......
Sir... I am waiting your next post....
Best of luck.....
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@samiwhyte · (edited)
$0.36
You've said it all in the conclusion 

> If you don't know if you should power up everything you've earned so far, I think this is your cue. This thing will moon sooner or later.

I believe with all this in place the price will soar this year.

About weekly updates, it's great as one who has Steem as SP, this will let us know what's going on behind the doors.
👍  
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@sco ·
I also think the recently improved communication of the steem devs is a very good sign. It can happen that things develop slower than people expect, but then it's necessary to keep everyone enlightened why this is the case, in order to maintain the trust of the community. I'm looking forward to more relaxed times in that regard.
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@selina2 ·
great post.good job.
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@serkagan ·
$2.00
Oh yeah, when I came to the Steemit, then of course I did not understand much, but the very idea of a social network based on a blockchain I immediately liked! Now in general it is clear that without the investment in the Steem  the process of reaching the top will take a lot of time and effort, but the introduction of new updates in my opinion should improve the very work and attractiveness of the Steemit, which will undoubtedly increase the value of our activities and give us new horizons! Thank you @cryptoctopus
👍  , ,
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vote details (3)
@shencoin ·
$1.18
well its really good to hear about SMT  and hope it will give the more strongest steem us with the high price 
i thinkg we should power up other wise there is no any better choice to invest in steem than  powering up because if you use steem as a bank and save your coins and get profit it crash your daily earning which you can earen with steem power on daily bases and on the end can get a big profit with holding
👍  
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@sid9999 ·
Wow I am so exited about the future of steem , thanks for sharing this my dear @cryptoctopus . Moreover, I am very passionate about what SMT and Hardfork 20 will bring...I am even planning to take advantage of the technology and launch a project using SMT-currently am using ERC20 in my current project and ideas never end. Keep steeming to more success. Today on my post, I discussed issues relating to wants and needs including to peg or not to peg sbd-feel free to send in your suggestions which are always welcomed. I wish you more success.
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@simplifylife · (edited)
The situation with the price of SBD really needs to addressed though. It was supposed to be pegged to $1 but it mooned...had pullbaks....rises again...pulls back again. The whole scenario is extremely confusing. It is also a determining factor on when we decide to power up our SBDs. It's obvious now that it's no longer a question of whether we should power up, the question for quite some time has been WHEN we should power up. Unless something is said about what's happening with the SBD situation, the confusion is gonna stay. Also, news flying about the witnesses trying to peg SBD back to $1 and then the price of SBD rising up towards almost $5 just adds to the confusion even more.
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@sistem ·
$0.05
>Steemit Inc hasn't been the best at keeping the community in the loop last year. As an investor/user, when you are in the dark regarding what's going on, time feels like it is slowing down. Everybody welcomes this new approach from @steemitblog to keep us in the loop when something happens. Even if it's just having a new exchange listing STEEM.

Yea you are not the only one making this observation . @dragosroua  in his post this morning made same observation and applauded @steemitblog for the continuos updates they give us as regards the steem blockchain and seriously it is well appreciated by me and many.

>We can all agreed that SMTs shouldn't be rushed. 

Of course I do agree with you. It is true that SMTs will change the world and the face of blockchain at large but when something that great is being rushed, mistakes are bound to happen and it is such mistakes that we want to avoid. I recommend that they take things slow so as to introduce pitch perfect SMTs

>We are still waiting for more information around the development of Hivemind,

Well I am still new around here and havnt heard about this Hivemind before ...where can I go get updated about it?

>If you don't know if you should power up everything you've earned so far, I think this is your cue. This thing will moon sooner or later. 

Talking about mooning, I don't think anyone is as enthusiastic as I am . My Faith in the steem blockchain is second to none and I know steem will take over the world soon .
👍  
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@slider2990 ·
$0.21
I am so excited for the future of Steemit.  I would appreciate more frequent Steemit updates.  You are doing a great job explaining potentially complex topics in a simple non-technical way.

Cannot not wait for higher Steem prices.  $20 per Steem would really change my life.  A steady second income may motivate me to reduce my current hours, go back to school and learn new skills.  

Onwards and Upwards!
👍  
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@sola3097 ·
Guess powering up will be an option now because of the SMT stuff, dont have enough yet but will work towards it , your explanation here means alot
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@sonofsatoshi ·
Great summary. I think it is already a great time to power up more as you can buy more STEEM with SBD.

I don't clearly understand what the relationship of  STEEM vs SBD should be. But should there be more SBD "printed" to dilute the price back to $1? As I can see, the total supply is low and people might be using this liquid token more than STEEM or SP. Sorry if I sounded dumb in my question haha
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@steem-reward ·
$0.02
Everybody is exited with the news of SMT. Even the **whales** are seriously preparing for it. This is one of the reasons why it's now difficult to get sp delegation in recent times. 
My advice is to keep powering up
👍  ,
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@steemflow ·
@cryptoctopus many a times user are unaware of the steem development. Posts like these helps user to foresight the future growth prospect of steem which subsequently keep user pumped to do more engagement. Happy you have brought all the important aspect in a single post....looking forward to see steem boom boom boom.....to the moon👍
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@steemwija ·
$1.90
@cryptoctopus - Sir now I understood the new released update so well... Sir if we collect STEEM, it can reach $20... How good news it is... I'll follow your guidance Sir... I want to see a big picture with STEEM Sir... This is a life changing blockchain technology for me Sir... Nice you decided to talk about it Sir...

+W+
👍  
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@stefan6969 ·
https://steemit.com/primosten/@stefan6969/primosten-dalmatia-croatia-beautiful-city-7-photos
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@supernovastaffy ·
Thanks for the info. I've only actively been on Steemit for about 1 month and have learnt so much in this time. Seems I've only scratched the surface though. I'm finding more and more to learn about this platform everyday. It's crazy. Thanks for giving me my daily steem lesson
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@taskmaster4450 ·
$1.24
Thanks for the post @cryptoctopus.

I wrote a similar article about this today also.  

It is very exciting.  I commend the development team for their openness and new communication style.  Keeping the users in the loop is big.

I have powered up since I got here.  This is going to be massive.  $20 is a low target...my first major one is $100....I think it is reachable this year.

The fact that each new token is paired with STEEM and instantly has a liquid market is huge.  The most common question people ask with tokens is "what do I do with them once I get it" (or some variation on that)?  Now, the answer is trade it for STEEM which should have many more real world uses in the next 12 months.

It is an exciting time and STEEM is going to create a lot of millionaires.  There will be a point where even 500 SP could be worth more than $1M USD.  People really do not know how big this can become.

I made the comparison to ETH to try to put it in perspective for people.  @aggroed had a great interview about that.....when looking at the technicals of STEEM and ETH (the blockchains) it isnt even close.
👍  , , ,
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@dedicatedguy ·
Do you mean STEEM is better than ETH from the technical pov?
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@andrarchy · (edited)
$0.07
I think most of our peers agree that there are amazing developers on both projects. The real difference between the projects is in approach. Ethereum is taking an application general approach to their protocol, whereas we're taking an application specific approach. A good analogy is between Linux (application general) and iOS (application specific). Ethereum is trying to be everything to everyone and in the process not doing anything particularly well for specific developers or entrepreneurs. The application specific approach is to basically say, "What are the 20% of *possible features* that account for 80% of the features which are actually leveraged by real developers and entrepreneurs?" 

The application general approach basically treats all potential features equally and results in 80% of the engineering bandwidth being consumed by the 20% of features that no one actually uses. By choosing the application specific approach we can focus intensely on product-market fit. The single biggest use case for Ethereum is launching an ERC20 token. But ERC20 tokens don't DO anything. People use them because they're basically the only option. They don't do anything because no one else in the space has experience creating tokens with built-in distribution mechanisms that are capable of functioning at scale because no other blockchain protocol is yet capable of functioning at any kind of scale. 

Entrepreneurs want tokens that work, that are safe, that are ungameable, and have all the Smart Contracts they want pre-audited and built into the protocol (ICOs, Founders Tokens, Token Emission Rates). With respect to these needs of entrepreneurs, yes Steem is better than Ethereum ;).
👍  ,
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@taskmaster4450 ·
STEEM is light years ahead of ETH from a technical point if view...at least right now.

3 second transaction time.
Zero fews
100K trans per sec potential

ETH is working on getting past 25 transactions per second.

Plus there is no built in content reward system like with STEEM.
👍  
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@emmyem84 ·
$0.11
@taskmaster4450 Your reply definitely made me wake up before my cup of coffee!  Happy to hear you are so optimistic and it makes me feel the same. I feel almost frantic to buy as much Steem as possible but I know I have to pretend to be responsible with my money and all that ;)
👍  
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@taskmaster4450 ·
Well I am all for powering up.  I bought a bunch of STEEM between $.80 and $1.35.  I used up all my fiat on crypto....I guess I am not responsible with my money....although I have money, just no dollars....in a different form.

I am uber bullish on STEEM...I wrote a number of months ago about getting people to 1000 SP....that was a game changer for most people....now I am beginning to believe the potential is great for even those with 500 SP.....

$100 by year end is still my target and if the SMT protocol does what many think, we could see 4 figures in 2019.
👍  
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@trendo ·
$0.15
Definitely, Steem blockchain will create a lot of millionaires! We will all be filthy rich if we just stay patient and wait for the masses to realize the potential of this blockchain! If we see people with just 500 SP and it being worth more than $1M USD, then this would be so fucking crazy! And I do believe that this is a possible reality, because there's just no limits to what can happen on this blockchain!
👍  
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@taskmaster4450 ·
ETH is a great lesson...look at the explosion that token had.

STEEM can go on a similar run simply with the SMT technology.  Add in all the other things that are on here and you see a blockchain that can be doing 10M transactions per day by the end of the year.

That is powerful....ETH wont be able to scale up that quickly.
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@teamhumble ·
> Spending time in the "new" section is a fools errand

what a great way of putting it, yeah those curation tools are badly needed so i can't wait to see them. i'm well and truly invested in the long term, more than anything i really like the minds and people who are in this community -- SMT's are gonna make ICO's and erc20 token based platforms that are still 'years' away allow steem to be even more focused on, steem at $20 would be crazy cool ;)
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@tetas08 ·
Good post. Well done and keep it up!
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@thebatmanbiker ·
Good updates, thanks for sharing. Looking forward to the Hivemind project to be setup.
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@theguruasia ·
$2.57
@cryptoctopus,
This is very informative! Actually I heard about these developments via @steemitblog! But had no way to go deeply! This is very useful and now I got the idea behind it! Thank you! 
As you said, yeah power up process is going well!

Cheers~
👍  , ,
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vote details (3)
@tolustx ·
The weekly update thing is the best for the community. Everyone, both existing and intending investor can monitor the real progress made and the plans for the future rather than read or hear speculations all around. 

People can also interact with the brains behind the steem blockchain operations. Any way it is, this is a win-win for both sides. 

This is truly the best time to invest in steem because all these innovations and inclusions are pointers to one fact - that steem is moving with the speed of light and mooning is going to be sooner than anyone can think. We all need to gather momentum and power up. I as a person need to do some work on this. 

Thanks @cryptoctopus for the update.
👍  
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vote details (1)
@trendo ·
I've been waiting for the community layer as well for a long time now. I think it's really something that Steemit is missing. Although SMT's will definitely be a huge hit and it will drive the price of STEEM up, we still need communities to make it more fun to be here, you know? Look at Reddit, if it didn't have Subreddits, would it be successful? Or even fun to use? We seriously need communities here, because there are more and more new users coming in and the amount of content posted in the New category is crazy. You basically can't find anything worth reading there.
👍  
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vote details (1)
@buy-bitcoin · (edited)
Communities will have large imbalances in terms of Steem power, so the Community feature is a decisive move that shouldn't be taken lightly. 

As hard as it currently is for most to attract any legitimate upvotes with monetary value, creating walled gardens within steemit will only make it harder for minnows to grow.
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@us07 ·
excellent
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@vidafitnessfeliz ·
$1.16
Wonderful approach of the report what happens to Steem and know that we must ignite our steem because this will be great.
👍  
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vote details (1)
@yassine04 ·
$0.07
STEEM provides a great platform
👍  
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@yumyumseth ·
Exciting to hear them talk about it with more detail! I'm so interested to see what Steemit is like once communities happen. Should be a huge improvement in how content is organized!
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@zemiatin ·
I think SMTs will have an amazing impact. But I agree, rushing is never a good solution.
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