“Steem is a zero-fee, near instant settlement blockchain that already processes more transactions per second than the Bitcoin or Ethereum networks.” And Steem is “battle-tested for over a year on the Steemit.com blogging social network”
(Smart Media Tokens https://smt.steem.io/)
RELEASES PLANNED BEFORE THE END OF 2017
• “A highly secure mobile wallet app for Apple and Android”
• “An updated notifications system for steemit.com!”
(https://steemit.com/roadmap2018/@steemitblog/steemit-roadmap-2018-community-input-requested)
RELEASES PLANNED BEFORE THE END OF 2018
• Improved account signup process along with Hardfork 20 (“Velocity”)
• Smart Media Tokens (SMTs).
(https://steemit.com/roadmap2018/@steemitblog/steemit-roadmap-2018-community-input-requested)
There is already a mobile app that runs on the steem blockchain it's called Esteem which is widely used. I know that you are probably referring to the mobile app that Steemit Inc is building. It seems strange to me that this is not mentioned.
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A dedicated mobile wallet is a game changer for Steem. It is a superior settlement platform for value exchange as Brian wisely mentions due to speed, zero fees and simplicity of transfer to user names. I can't wait! Here is a post I wrote about it a while back:
STEEM & STEEM DOLLARS Mobile Wallet = Zero Transaction Fees! Calling Steemit developers!
https://steemit.com/steemit/@sequentialvibe/steem-mobile-wallet
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The world is a better place because of Steemit, thanks!
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I would not disagree. Now let’s hope and pray it realizes on its promise!
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on which way :)
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Yeah, mobile app would make a huge difference.
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Agree. But don’t discount SMT’s. Once enterprise (businesses) get into the game, the value of steem could climb significantly benefiting all those new Steemians brought on board with mobile - like a double whammy!
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True.. regarding SMT's. And everytime I introduce steemit to non-steemians, invariably they ask about the mobile app. So would expect the user base to spike in quick time once we have the apps.
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Here's some food for thought.
http://www.pewglobal.org/2015/03/19/1-communications-technology-in-emerging-and-developing-nations/
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Nice to know the stats. I sense the equation changing pretty fast ... in India atleast.
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That is so true. Especially with the growth of smart phones!
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If you're reading this and have invested in steem, you are going to be rich! Congratulations
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I'm reading it and I am a big investor in Steem.
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Great video again and a big thank you for sharing your highly valuable thoughts on these exciting pieces of information and development.
I love your enlightened positivity as you show it to be in this video a well educated position.
Namaste :)
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Thanks. But you’re no slouch either. I follow you closely. Good stuff.
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Thanks a bunch @brian-rhodes, much appreciation flowing out your way right now... Namaste :)
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Thx Brian for this great post again. May the future bring us Some Nice challenges..
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Couldn’t agree more. Just make sure you alt away those Steem tokens.
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alt away?? you mean HODL and see in 365 days if I can take a travel to canada?
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My december initiative
https://steemit.com/steemcandle/@rival/day-1-december-31-days-of-burning-a-candle-in-memory-of-a-loved-one-who-passed-away
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Cool.
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it will become more consistent earning platform than the other cryptocurrencies....very nice post ...thanks
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yes i agree
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Me too. In what other environment can you post to earn rewards and translate them into a token with capital gain potential. The answer - only on Steemit!
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Nein!!!!
https://sola.foundation/r/NTM3ZT
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Have you seen where most of the traffic is coming from on this website?
https://www.alexa.com/siteinfo/sola.foundation#trafficstats
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Waiting for Android App from a long time.
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I may be wrong but I think it might be downloadable now. I’m ditching my Blackberry after 5 years waiting now for my new iPhone. Arrgh! I swore I would never buy an iPhone but I was gifted the iPad Pro. Need I say more!
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I hope HF20 comes fairly early next year, but they need time to get it right. I can see development going on over on Github, but I don't understand all the details. We need this for Steem to really grow. The team seemed really excited about the new stuff at Steemfest
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Yes. SteemFest was very enl,ighteneing for me. And yes... timing is the key. Can you image the huge fail we will face if the rush to sign up because of Mobile and/or SMT professed s Hardfork ‘Velocity’? It scares me to think about it.
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Hello Brian, great video. I am still exploring Steemit and I am a little unfamiliar with the terms. Could you please explain this comment a little better? Thanks...
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Hi @startdominating... I apologize. I seemed to have missed your comment earlier. I'll take a stab at it. Steem is the name of trade-able token and the decentralized blockchain it is built on (like Bitcoin). Steem the token can be changed into Bitcoin and then Bitcoin into $U.S. By joining Steemit, the social networking platform built on the Steem platform you can earn up-votes awarded by people reading your original post. These up-votes are paid to you in Steem Dollars and/or Steem Power. Steem Dollars can be changed into Steem tokens which you can turn into Bitcoin and then use the Bitcoin to buy other crypto currencies or turn it into cash. Steem Power is like a nest egg you may want to keep (with benefits like A class Shares in a company). The more Steem Power you hold, the greater your up-vote value and the greater your profile on Steemit.
In a nut shell Steemit gives you an opportunity to earn value and then invest that value in a cryptocurrency token called Steem (which will have a capital gain upside) or cash out that value to earn income... all without one penny of money from your own pocket. Just start blogging or vlogging original content thatmeans something to you. I hope this helps.
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There is one major problem with the steem, or maybe it is steem evolution? Users behave here like it is decentralized facebook. They upvote without reading, they upvote not for the content but for the content author. Because larg amounts of steem are acumulated by persons who mostly upvotes only them selfs or other people(using voter or other bot to get nice curation reward) with big amount of steem new users will not be willing to join
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You’re absolutely right. It is a problem. However, it is being addressed. People like @transisto, @littleguy and @breniesanders are keeping an eye on things. Projects with this much promise always attract carpetbaggers. It’s inevitable. But once the platform becomes more widely held and with the increase in the value in Steem, there will be a fix. Nonetheless, when you see it, call them out on it. E.G. Just look at the comments I’ve made above and you will no one gets my upvote unless I know them (and not always) and unless they demonstrate they’ve read the post.
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https://sola.ai/
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I really enjoyed your video. I agree SMTs, mobile and effortless signups could be major catalysts in 2018.
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Would love to hear more of your thoughts on SMT... Specifically, what are they, how do you believe they will interact with the current platform? What happens for holders of STEEM? How will businesses both large and small interact with SMTs?
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Global Blockchain Technology has partnered with “Steemit Inc.” by investing $20Million to help companies build on the Steem Blockchain - much in the same way that apps like D-tube and others are building on the blockchain. However, using SMT’s, as best as I can tell from the white paper, a company can set up on Steem, set up a new token (an SMT) and be able to bootstrap it’s token to Steem which already has a proven market status. Whereas now a company wanting its own token would more than likely use the Ethereum platform to build a token but it would be a standalone token.
Strapping the new SMT to Steem also means you are aligning yourself with a decentralized blockchain (again proven) with detailed white paper that dictates its future due to proof of brain and consensus - witnesses.
Therefore the costs of setting up will be nominal compared to a scratch set-up on Etherteum and when you add the Oracle and the Oracle QA whiterpapers - the ability to verify real action in the real world and to have Oracle QA’s over,looking the Oracle function, we should what’s tantamount an audit function the details of which can be written up in the SMT contract. The more companies that come on board (enterprise) the more credibility Steem the platform gains, the more strength in the STEEM token is demonstrated hopefully raising it’s value and thereby benefiting Steemit and Steemians accordingly.
We won’t really know the details until the release but until then, it’s my best guess.
Did this help?
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This helped a great deal, thanks for the response. I'm going to take some more time looking into this, seems like an amazing idea as you describe it. I definitely see the market need on the side of creating new tokens (ethereum has quite a few kinks to work out imo).
If you have the time, I would also love to hear your thoughts on the legalities in regards to tokens. How might the SEC and other governments' stance on tokens as securities affect SMT and companies' abilities to create and distribute their own tokens on the platform?
Again, thanks for the response, really appreciate your time as well as your videos, you do an amazing job describing these issues.
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The Idea that you need, or even want "effortless" onboarding seems alien and inappropriate to me, at least if you're looking to create a great utility.
Zero challenge might seem great, if your only goal is growth, but it's also proof that you have zero standards.
A huge problem IRL, is that there is a total and absolute mix of "Net Givers" and "Net Takers", causing the entire game to become sorta zero sum on some levels.
I love the idea of being MUCH more confident in the product that you've created, and creating and maintaining some level of challenge, so that the people IN the actual network, could be said to be a "Critical Mass"
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Unfortunately, the beneficial subtleties of any system are often not overly apparent at the outset. We learn mostly by our experiences. The problem with effortless on boarding we have a roadblock that discourages people from follow through. Also, if a system has a built in obstruction to onboarding it demonstrates an inability to function effectively and an inability to scale up with demand. A truly scalable system should have no critical mass. At critical mass things by definition will slow down. The process speeds for Steem the platform are very high. Butt without ‘Velocity’... think of owning a Lamborghini with a one gallon fuel tank.
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Yes. Especially in the developing world. Although currently smart phones lag behind mobile only, that can change quickly.
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correct!
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Thanks.
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TRUST THE PROCESS!
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Trust the process... and act!
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the hoes are laughing.
what does that mean??
what i just said,
catch me outside
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There will be many changes in life
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Yes.
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Hello guys check out my latest post in which i discussed how to double your bitcoins in just 20 days with proof. Its absolutely valid, have a look and decide for yourselves.
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Full Steem ahead!
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I agree.
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This will happen
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It will be nice.
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Thanks for the great video. Clear and concise explanation of the STEEM ecosystem.
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I am new to steemit but you have explained things well and it seems to be very promising. I look forward to learning so much more about this intricate system that operates so cleanly!
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How do I start earning money on this thing? I just got on today.
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cool :)
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great article keep the good work , steem is bullish for the long term
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You look very nice and smart. I'm quite surprised to see you handshake
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Thank you.
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Thank you very much for giving me some time in your precious time
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Congratulations @brian-rhodes! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
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The one and only working crypto. Working for all of us!!
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Nice.
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awesome!! i simply love blockchain technology!!
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Steem rules and the rest drools... true story!!!
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That’s an interesting perspective.
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hehehe ;) I thought so too :D
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nice post)
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Thank you.
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You're right I have very little time and the page is very good, I help you be creative
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Thank you
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trade bitcoin with https://www.binaryforextrader.com
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I'm happy where I am thank you.
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@brian-rhodes upvote done see my post
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Not interested in your upvote. But I would like to hear you comment.
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@brian-rhodes sorry I don't mean to ask upvote I just want people to see what I post. thanks for your opinion
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Hi @absn... no apology necessary. Just so you know, a good curator - which is what I hope you wish to become is someone who reads a comment or a post and makes a decision whether it's original, creative or adding a point of view or information to the conversation. You may not have an opinion or a question concerning the post, which is fine. But, you may still want to support the point of view taken. If so, then simply up-vote the post without comment or comment on why you agree with the author. Doing so will earn you an up-vote on your comment... as I've done here for your follow-up.
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