Hello world!

Wow… I haven’t use this greeting for a while now.

Just today a good friend of mine started asking me whether I am aware the reason why there were many powering down and dumping off Steem , to be honest, I don’t really have a solid reply; not what I do notice is that most alt-coins were slaughtered for the benefit of obtaining BTC , the longest living crypto and also the very first crypto.

BTC has proven time and time again the last 10 years its long-lived life, and even there were a few scares of dropping values, BTC hold on strong because of its value pitched from the very beginning.

It was pitched out as a very simple idea to transfer valuable monetary from point A to point B, anonymously (with no KYC) and quite a solid ledger to back this transaction history.

And often times a lot of us tend to forget that’s the whole idea blockchain existed. Those who believed in the idea of maintaining a transparent encrypted ledger on (almost) hassle free monetary transactions kept the blockchain strong, and that, in my humble opinion, adds a lot weight to its value.

Now let’s look back at this Steemit platform, the steem blockchain…

How did the whole idea of “Steem / SBD has value” came to catch the fire of popularity?

True enough with the platform of Steemit.com it gave the very first uncensored platform that allows incentives mined out of proof of brain, where content creators finally have a spot showcase their work; and bloggers had a free platform for new readers and interact.

But that didn’t get Steem far to be honest…

I remembered when it was first launched I signed up with a commercial account @craftsofluv and there were hardly any curation rewards / author rewards at the time. There were hardly anything tangible to earn anyways, even though content earnings were generated by upvotes.

Before bots even were born from the (mad) genius coders, and personal preferences, flag wars and typical human political conflict started, Steem was catching on because of one very simple thing. Well, at least that was what I saw...

Seamless payment transaction from one account to another.

Of course this couldn’t work with just that concept without human interaction.

Hence that was where communities were built.

Witness like #teammalaysia big brother @bitrocker2020 and Sarawark big brother @awesomianist push forward like organising personal talks to introduce steem.

And that was how I met them including our infamous @kevinwong big brother.

They saw the possibilities of earning with content creation freedom for grass-root public like you and me; and we all realised that to get this work, real people have to be part of the ecosystem , joining hands together, supporting one another.

And not only that, just like BTC started, likeminded enthusiasts managed to engage with commercial entities (starting from food and beverage restaurants) to adopt the wave of seamless transaction; I personally was hoping this could work, and true enough, for a while with @bighugin , we had our first outlet that accepted STEEM / SBD.

Unfortunately, due to expenses and volatility of crypto space, not everyone could hold that fort long.

I do hope that @steemxp is still strong. I haven’t been catching up with my TM family brothers and sisters of East Malaysia for a while.

Yet I cannot deny, it was working… for a while.

• We didn’t have investors traders that used these crypto solely for trading.
• We had real people (all across the world) using these resources as charity token for fund raising.

But eventually, it got stuck...

There weren’t enough commodities to receive it and circulate it with a tangible purpose.

Everyone seemed to only know to keep mass creating content (that generate more coins) and post it to mainstream social media; hoping someone will catch the hype of “owning” this coin. But what are they really advertising?

• Is it just earn a crypto via content creation? Creating a FoMO hype?

Would that be enough?

What happens next after these people owns the coin?

There’s no outlet.

Are there enough people see the potential of this coin in a holistic view?

Maybe it is because still needs witnesses and massive electrical power to sustain the blockchain that makes this blockchain un-sexy.

What if...

There is a way to make these coins useful? I can’t say I am a business woman, I still have a day job; but I do realise that business outlets , online retails, they ALWAYS have sales and discounts they out just for people to buy their product.

Do you think there is a way to turn a steem token into a voucher-like entity where people could use in commercial and services sector?

I mean ideas such as treating the steem crypto like an exchange for vouchers / coupons for real world purchases for commercial commodity to invest into this blockchain.

Anything is possible, besides earn and dump for something bigger. This also helps commercial entities to have enough room for transition.

Heck, they are going to give discounts anyways, why not keep a tiny bit of STEEM while at it?

I hope while I am writing this down, there are already people starting to tweak their thinking into something interesting, especially content creators who so avidly want to promote steem.

The interesting part if the SMT tokens catches this faster than the steem coin itself, maybe who knows, one of the tokens will outlive others. Looking forward to hear your thoughts.

Until then

HQ @littlenewthings

#dses initiative member. > A technology can come and go; but when a lifestyle is applied to it, it becomes a new revolution.

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