Understanding Exponential Rates And The Steem Opportunity

I am posting this video that really hit home with me. It gives a wonderful summary of how quickly things are changing. This is the opportunity we are presented with.

Many of you are aware that I write about the Age of Abundance. Two of the key characteristics of this are technology and the speed of change. Things will happen seemingly overnight. Institutions that were around for many decades will collapse at a rapid pace.

There are many stats in this video that should excite Steemians. They deal with some of the growth of social media and the pace of change there. I took a screen shot at one point in the video to provide a contrast.

There are 175 BILLION pins on Pinterest. That is with a "B". Just let that sink in for a second. 175 BILLION pins. This is nothing more than a site where people post links and photos they find interesting.

Do you know what is like that? @dlike (dlike.io). Steem has it's very own version of Pinterest where people can post links and photos of what they like. Of course, by posting on @dlike instead of Pinterest, one earns Dlike tokens and, potentially, some STEEM. Pinterest cannot offer that.

Can you imagine if Dlike had 1/1000th of what Pinterest has? I mean, is it really that hard to submit a photo or a link? Obviously not since it was done 175B times.

Exponential growth is the transition from watching paint dry to taking off on a rocket. One minute it is ho hum, boring and the next, watch out. Here is what the typical curve looks like.

Source

Understanding this is what helps one weather the rough times. We are all early adopters on Steem right now. The entire blockchain/crypto space is very new. It is at the left side of the curve. Quite frankly, most cannot image where this will all be in 7-10 years.

Let us look at internet users on a chart.

Source

Notice how it "lagged" in the early days. The truth is that if we charted the first few years, it would have looked exponential after 5 years. But go out 20 years, and the first 5 look flat. Nevertheless, you can see the curve over the first 10 years.

But it did take 10 years to get to 750M users.

Will we see the same thing in blockchain and cryptocurrency? I tend to think so. I also believe that Steem will experience something similar down the road. As long as the development keeps taking place, we will hit the "elbow" of the chart. After that, it is take off.

How will that happen? It will be a process of more people being the early adopters and using the applications that exist now. At the same time, more applications are added which attracts people. Finally, the entire cryptosphere will get more attention thus bringing in more people.

This could happen in the next 12 months or take 4-5 years. Either way, there is good reason to believe this will happen.

Here is the full video.

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