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Wealth Is Spreading On Steem by taskmaster4450

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· @taskmaster4450 ·
$15.38
Wealth Is Spreading On Steem
We are on the edge of a massive explosion within the Steem ecosystem.  Wealth is going to be weaving its way throughout every facet of the community.  This is a process that is started yet will be taken to a new level.

For most, the idea of Steem wealth is confined to STEEM.  Even SBD is something few understand and even less care about.  We concentrate our attention on Steem Power.

This is natural since it was the only token that had any value on here.  While this is spreading out and we see the distribution filtering throughout the community, the pace is still rather slow.  Over time, we are seeing massive shifts yet they are not noticeable enough in the short-term to excite people.

As we see more applications being built, we are fortunate enough to watch the foundation of crypto-economics in play.  These DApps are working hard at providing products that people will want to use.  If this happens, we could see the value of the tokens created be worth some money.

While it is easy to focus upon the Steem Whales and a few large Orcas, the next wave will not be with those people.  Some are users or delegated to some of these applications, but not all.  Most are being utilized by those who have smaller Steem accounts.  They are the ones amassing decent amounts of the other tokens.

What is taking place mirrors @dan's idea of decentralization with EOS.  I was going through some material and came across something he said which resonated with me.  The idea of EOS is that while there are the Witnesses for the EOS blockchain, each fork is DPOS with its own set of Witnesses.  This means the 21 are joined by 21 others on a second chain, who see 21 more come on the third chain, etc...  Since the EOS code is used throughout, the decentralization is spreading rapidly since the chain is being forked all over the place.

The same concept can be applied to Steem.  With the introduction of SCOT and the anticipated SMT, we are going to see active token creation throughout the entire ecosytem.  If tokens has the same properties as STEEM, they are in fact spreading wealth to everyone who is actively involved with them.  

At this stage, it will not be a small handful of people involved in all of them.

I fully believe there will comes a time when few people will care about Steem.  It is not something that will resonate with them because it will be seen for what it is: a network.  This is going to be the case for all blockchains.  They are going to disappear in the background.  What is going to dominate the minds of people will be the applications used.

Think about it this way.  Are you concerned which company owns the mobile tower you are using when you are driving around talking on your phone?  You have your carrier who could have agreements with other carriers for tower or bandwidth space.  Is that of concern to you?  Of course not.  As long as the service works, that is your main focus.

It will be the same thing.  Utilizing an application is not going to have any bearing what network it is located upon.  Few are going to care what the ledger looks like.  As long as the application works and the tokens earned are there, that is all that is important.

This is what Steem is evolving into.  SMTs (or the present SCOT) provide a market value on tokens other than STEEM.  This is where people who are using these applications are earning.  It is building the value of their holdings albeit slowly at this point.  There is obviously a liquidity problem on most of the new tokens since there are so few people involved.  This will not always be the case.

Early adopters always benefit.  There were Steem Whales and a number of large Orcas who were here for most of the three years.  Almost all of us came at a later date and are progressing with smaller accounts than them.

@steemhunt has its early adopters.  Not only did many delegate to them, they ran generous bounty programs early which put a large number of HUNT in people's account.  Many of these people doing the bounty were not Steem Whales.  Hence we see smaller Steem accounts with larger HUNT.  In other words, a Steem Red Fish or Minnow might be a HUNT Dolphin or Orca (if there are such things).

My point is there is going to be a lot more wealth than just STEEM.  Obviously, not all tokens are going to be successful in terms of the monetary value.  There are going to be a lot that are just used by a small group of people providing a utility to the application.  The flip side is there will be a lot that could have value.  Here is where we see those outside the small group of Steem Whales entering the picture.

Here is a prime example.  I took a snapshot of the payouts by @actifit for the top usage for yesterday.

![afit.png](https://ipfs.busy.org/ipfs/QmaYQF3ftjGqSvSJrQRzBYBFm1eavh2rrzs1ytr9ZBc1Qc)
https://steempeak.com/actifit/@actifit/actifit-daily-top-daily-and-newest-actifitters-doubled-up-winner-delegation-status-crossed-660k-sp

Notice the names on there.  Do you see some of the well-known Steem Whales and Orcas?  They are not the ones who spent the time using the application to the point where they are top earners.  These are smaller Steem accounts who are not only earning some SP through their efforts, but getting the top payouts in AFIT.  This will be to their benefit if the AFIT token achieves some decent usage and goes up in value.

In the same article, I noticed their SP delegation crossed 660,000.  They have a model set up where there is only a certain number of AFIT paid out for delegation.  This was capped since they started.  The difference is I can remember when there were less than 60K delegation.  This means one was getting 10 times the number of AFIT in the early days for the same amount delegated.  Again, early adopter/supporter benefits.

These examples show how things are starting to work.  It is easy to focus solely upon STEEM yet there is not where the sole value is going to lie down the road.  

This morning I saw some posts about the Weed token or something to do with Cannabis.  This is not something I am into nor do I know much about it.  What I do know is there will most likely be a large amount of people on here who do get involved in those projects.  Those who amass the Weed token (or whatever it is called) could end up doing very well.  

And it is something that many larger accounts will not be involved in.

We are getting close to the time when we can focus on things other than STEEM.  While it is still the primary token, and will be for some time, there are a lot of other paths for people to pursue.  With the establishments of exchanges for both SCOT and SMTs (when released), individuals are going to be able to swap their tokens for other assets of value.  If nothing else, it puts a price on what they already have.

Hopefully this provides some insight into how I see things revealing themselves in the not-too-distant future.  Tokens other than STEEM that have an established value that can be traded on an open market will certainly attract some attention.

I feel we are within a few months of seeing that happen.

___
If you found this article informative, please give an upvote and resteem.

![image.png](https://ipfs.busy.org/ipfs/QmPvBkjBFuAKHQR7MacQ1679NryWNG5ZexgaPZdUmTo4so)


![image.png](https://ipfs.busy.org/ipfs/QmYRwbaYkV7kubaAqefvGi6kxW25EdzUdZRP8XWsRWXKTj)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 464 others
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vote details (528)
@cloudspyder ·
And WeedCash is the very first to introduce using SCOT. Even SMT is gone, the project continued with different name.
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@coolguy222 ·
I am already involving more and more in these projects.
Thank you
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@haikubot ·
<em>I am already 
Involving more and more in 
These projects. Thank you 
</em>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>- coolguy222</sup>

---
<sup><sup><em>I'm a bot. I detect haiku.</em></sup></sup>
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@davedickeyyall ·
The Weed token? Are you talking about SMOKE.IO ...or there's Weed token on the STEEM blockchain? Enquiring minds want to know..
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@taskmaster4450 ·
$0.27
Here is a post @davedickeyyall.

I didnt check it out just saw the headline.

https://steempeak.com/weedcash/@ackza/example-of-weedcash-network-by-richardcrill-thanks-to-aggroed-and-yabapmatt-steem-engine-com-and-keychain
πŸ‘  ,
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vote details (2)
@davedickeyyall ·
Thanks

Posted using [Partiko Android](https://partiko.app/referral/davedickeyyall)
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@erickpinos ·
$0.02
I am excited to see more tokens launched on Steem and to see it become an ecosystem with branches of smaller communities each with their own sets of whales, orcas, and dolphins.

Posted using [Partiko Android](https://partiko.app/referral/erickpinos)
πŸ‘  
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vote details (1)
@j85063 ·
I see steem as being like the "Bitcoin" of the steem Blockchain as it will drive the dapps forward and earn tokens via delegation. And then those tokens can be spent instead of steem. This should drive the steem value higher over time as it should be more sort after as something to hold for delegation etc.

Posted using [Partiko Android](https://partiko.app/referral/j85063)
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@mistakili ·
$0.02
I feel you, when people realize that steem is for holding and powering SMT communities to generating profits, then steem will be much more valuable. Its already happening with some dapps, offering competetive returns in their token for an amount of sp delegation. This will be the order of the day as more dapps arrive.
πŸ‘  
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@newageinv ·
It is a step towards the future of a Steem Economy that evolves from the present ecosystem we are now building.  It is still early but the roadmap continues to evolve and move forward with the community behind it!
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@ocupation · (edited)
> What is taking place mirrors @dan's idea of decentralization with EOS. I was going through some material and came across something he said which resonated with me. The idea of EOS is that while there are the Witnesses for the EOS blockchain, each fork is DPOS with its own set of Witnesses. This means the 21 are joined by 21 others on a second chain, who see 21 more come on the third chain, etc... Since the EOS code is used throughout, the decentralization is spreading rapidly since the chain is being forked all over the place.

This would be freaking awesome if we implement something simular, I believe it would have truly positive impact on our Ecosystem.
πŸ‘  
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vote details (1)
@taskmaster4450 ·
$0.60
I am not sure we will see something like that with the Witness but we certainly are going to see that with the Master Nodes.  The idea behind MIRA is to reduce the cost, hence decentralize the nodes.  Each application could have its own node that others, if they wanted, could access.

I used the EOS example to show what we are doing with the currencies on here.  STEEM is only one currency that will have value.  We are going to see others, some that might be worth more than STEEM.
πŸ‘  , , , , , ,
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vote details (7)
@ocupation ·
Hmm, are you refering to a steem based token? Honestly, at this point it's really hard to imagine seeing some steembased token being more valued than steem. 
Nevertheless, looking forward to it :D
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@partiko ·
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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@sameernawab ·
such a awesome post. thank you for your information.  now i am hodling my 3k steem
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@ssjsasha ·
$0.40
For now I think Actifit is the easiest way to steadily earn extra steem
πŸ‘  , ,
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vote details (3)
@steem-ua ·
#### Hi @taskmaster4450!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 6.477 which ranks you at **#179** across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 181 contributions, your post is ranked at **#3**. Congratulations! 
##### Evaluation of your UA score:

* You've built up a nice network.
* The readers appreciate your great work!
* Great user engagement! You rock!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
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@steemitqa ·
Totally agree with all that is written above. Perfectly said @taskmaster4450
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@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/taskmaster4450__wealth-is-spreading-on-steem.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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