create account

What it will take to achieve next 100 million users on Steem blockchain? by riseofth

View this thread on: hive.blogpeakd.comecency.com
· @riseofth ·
$0.56
What it will take to achieve next 100 million users on Steem blockchain?
Currently, Steem is using 0.08% bandwidth of the network at 1.2M users. With linear progression, 100M Steem users will use only 6.67% bandwidth. Steem can support up to 1.4 billion users. Steem is based on graphene blockchain which has a roadmap for 1M transactions per minute compared to today's 10K transactions per seconds (100X). It means with future support, Steem can be easily scalable. In fact, along with EOS, BTS, Steem is one of the most scalable blockchain in the world.

Now that we have figure out that Steem has the bandwidth to support not 100s of millions but billions, how can we get next 100M users. Answers would be they will come from upcoming 100s of successful DApps. 

![SMT_steem.png](https://ipfs.busy.org/ipfs/QmRUNVNiBhVFsvXgpZdX5zT9q6NghLtKBQYjy4KxgdtyJK)


In future, people will be onboarding into a new Dapp never knowing it is running on Steem blockchain. For example, people may do research about alternative to Youtube. They may end up to Dtube and sign in, never knowing they are onboarding to a blockchain. If they are creators, they may figure out how earning works on Dtube but it will be still secondary.

Few huge successful DApps that people may find alternative to popular centralized Apps, can bring next 100M users. For example Appics or Steepshot may become second best to Instragram, @zappl to twitter, @dmania to 9gags, @steemit to reddit or medium, @vimm to twitch etc. and many more.

![dtube.png](https://ipfs.busy.org/ipfs/QmSMvonmAVFtsP5EpR5a3qgVUFYuPELHsN8XbBmQscepcP)



The earning should be secondary and a bonus. If Dtube can become a popular alternative knowledge source to Youtube, then earning from content will not be the driving force. Reward distribution will be alternative to Advertisement. The idea of token as alternative to Advertising is still relatively new idea. Steemit is most probably the first and successful proof of concept. 

In summary, we need a couple of very successful DApps that can compete with large scale centralize websites. People will join them due to their advantages and service they provide, not for rewards. The rewards will be secondary and help the content creators as Youtube provide incentive to them by sharing Ad profits.

**Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.**


Cheers!

![STEEM_undervalued.png](https://ipfs.busy.org/ipfs/QmPfSnM1CXSUTFVZDr1xzumep3g44KuTNV2dUenpHwDyo8)



Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 152 others
properties (23)
authorriseofth
permlinkwhat-it-will-take-to-achieve-next-100-million-users-on-steem-blockchain
categorysteem
json_metadata{"community":"busy","app":"busy/2.5.6","format":"markdown","tags":["steem","steemit","dtube","smt","busy"],"users":["zappl","dmania","steemit","vimm","riseofth"],"links":["/@zappl","/@dmania","/@steemit","/@vimm","/@riseofth"],"image":["https://ipfs.busy.org/ipfs/QmRUNVNiBhVFsvXgpZdX5zT9q6NghLtKBQYjy4KxgdtyJK","https://ipfs.busy.org/ipfs/QmSMvonmAVFtsP5EpR5a3qgVUFYuPELHsN8XbBmQscepcP","https://ipfs.busy.org/ipfs/QmPfSnM1CXSUTFVZDr1xzumep3g44KuTNV2dUenpHwDyo8"]}
created2018-11-06 06:24:12
last_update2018-11-06 06:24:12
depth0
children2
last_payout2018-11-13 06:24:12
cashout_time1969-12-31 23:59:59
total_payout_value0.470 HBD
curator_payout_value0.094 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,739
author_reputation13,689,681,278,850
root_title"What it will take to achieve next 100 million users on Steem blockchain?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id74,769,050
net_rshares567,136,183,895
author_curate_reward""
vote details (216)
@newageinv ·
$0.02
Agree with you and it is very encouraging to already see relatively successful DApps in the ecosystem already!  When conpared to Ethereum and EOS, we have the most DApps with over 300 active users!  I think the next step is really improving the interface and user experience to drive adoption.
👍  , , , ,
properties (23)
authornewageinv
permlinkre-riseofth-what-it-will-take-to-achieve-next-100-million-users-on-steem-blockchain-20181106t150104930z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-11-06 15:01:06
last_update2018-11-06 15:01:06
depth1
children0
last_payout2018-11-13 15:01:06
cashout_time1969-12-31 23:59:59
total_payout_value0.016 HBD
curator_payout_value0.002 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length293
author_reputation265,792,439,027,377
root_title"What it will take to achieve next 100 million users on Steem blockchain?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id74,793,056
net_rshares20,228,426,630
author_curate_reward""
vote details (5)
@steem-plus ·
SteemPlus upvote
Hi, @riseofth!

You just got a **0.61%** upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in [here](https://steemit.com/@steem-plus) to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
properties (22)
authorsteem-plus
permlinkwhat-it-will-take-to-achieve-next-100-million-users-on-steem-blockchain---vote-steemplus
categorysteem
json_metadata{}
created2018-11-06 08:28:36
last_update2018-11-06 08:28:36
depth1
children0
last_payout2018-11-13 08:28:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length435
author_reputation247,952,188,232,400
root_title"What it will take to achieve next 100 million users on Steem blockchain?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id74,773,563
net_rshares0