| json_metadata | "{"app":"Musing","appTags":["steemit"],"appCategory":"steemit","appTitle":"Why you believe in steemit?","appBody":"<p>WHY I BELIEVE IN STEEM/it</p>\n<p>Not to be technical here, but I actually don't believe in either instance of Steemit—the app or the company. But I do believe in STEEM—the cryptocurrency, the blockchain and the platform.</p>\n<p>CRYPTOCURRENCY</p>\n<p>STEEM as a cryptocurrency provides investors/stakeholders a unique opportunity to actually earn and use STEEM on the platform. Yes, most of the dealings as far as rewards go are in STEEM Power, but users are free to buy and sell things privately or through a business in STEEM as well as STEEM backed dollars (SBD). At the moment, what's available commercially on STEEM or off may be limited, but STEEM is still very young—2.5 years old—and far from any kind of mass adoption, let alone market awareness, like Bitcoin or even Ethereum.</p>\n<p>And yet, in my mind, STEEM has the greater potential of use, since the blockchain and platform are designed for that. The foundation is in place, and the rest is coming.</p>\n<p>BLOCKCHAIN</p>\n<p>While no longer the newest, the STEEM blockchain is among the fastest in its transaction capabilities (3 seconds), is free to transact on and to open an account, and it has been modified to take on many more users and thus transactions into the future. More so than any other older blockchain, and rivaling those that are currently launching, with the added advantage of already having hundreds of thousands of transactions occurring on it on a daily basis.</p>\n<p>Steemit Inc. has been doing a good job of looking at the future and realizing that there are upgrades that must take place now in order for scalability and sustainability to be achieved and maintained.</p>\n<p>PLATFORM</p>\n<p>STEEM started out as a social media/blogging platform resembling Reddit, but has quickly taken on other dApps which are essentially clones of existing social media platforms, with the exception that all are tied to STEEM, thus allowing users to earn through some form of posting, commenting and curating.</p>\n<p>However, there are already other businesses that aren't tied into the social side of STEEM popping up, with one of the latest being dStor, which will offer users and opportunity to sell products and services through customized stores, while also offering opportunities for rewards through curation and other activities.</p>\n<p>Smart Media Tokens (SMTs) will give even more businesses the opportunity to connect to STEEM, as well as given existing dApps the option of creating their own. Add the long awaited Communities UI design that CEO Ned Scott is currently heading up a new company to create some version of, and there is an amazing amount of things to be bullish on STEEM about.</p>\n<p>CONCLUSION</p>\n<p>These three reasons, STEEM as a cryptocurrency, one that is backed by a reasonably stable SBD pegged to $1 STEEM, a fast blockchain capable of meeting future demands, and a platform that is already seeing different transactions crossing it daily, more than on any other blockchain, give me more than enough reasons to believe in STEEM. I don't always agree with what happens on STEEM, but I can't say I'm in agreement with a lot that goes on off chain, either.</p>\n<p>It is my hope that more people will come to recognize the value of STEEM in the coming months and years, so that the belief in STEEM will be rewarded with not only higher STEEM prices, but the global freedom and better quality of life STEEM is meant to inspire and create.</p>","appDepth":2,"appParentPermlink":"fk4fayelx","appParentAuthor":"saiful39","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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