A few days ago, the Steem blockchain surpassed the million account milestone. In my opinion, this is a HUGE deal because it represents true real-world adoption of blockchain technology.
Also, as I discuss in this video, going from 0-1 million is much, much harder than going from 1 million to 2 million, or 2 million to 5 million. This means that the sky is really the limit now as we could expect to witness exponential growth of Steem.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
There will soon be a collective realization within the crypto community that Steemit is on track to becoming the most successful blockchain. The 'flippening' may turn out to be Steem taking over all the other cryptos.
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Yes, I believe Facebook had something like just a few hundred thousand accounts the first year in existence. It was not until later into year two before it started getting millions of accounts. It was until the years 3-5 is when the real big adoption starting happening. If Steem can successful roll out SMTs and communities that would solve nearly all the problems faced with Steem today, which would open the path 10's of millions of new accounts. Fingers crossed.
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Thanks for doing some publicity to steemit Louis, today steem is performing well. Although it must be said that in reality the active users are around 60 k and among these there are several bots, but equally we will continue growing
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This greatly shows that more and more people are embracing blockchain technology and especially steemit, the platform is changing lives of people all over the globe and I can predict that before the end of this year that the mumble of people will surpasses 2 million people's which will greatly influence the price of steem and make steem the top 10 crypto currencies @louisthomas
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Steemit is really greet and We have got many things here and learned a lot. Here are a lot of good people who are teaching us and constantly teaching us. We will be grateful to them.
My post about steemit 1000000 user:
https://steemit.com/steemit/@anikearn/1-000-000-steem-account-users-celebrate-db54de8f8579a
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As a steemien it would be shame not knowing about Steem having the most transactions of all cryptos combined. That’s correct, more than all cryptos combined. That’s great to finally reach 1 mil. users. It feels like a breaking point in some way. What a milestone. Great comparison between ETH and Steem transactions. It’s basically different mechanism. Blockchain technology is evolving at pretty fast rate. People and companies are finally adopting. Perhaps those who say it’s all a Ponzi scheme will eventually get on board as well. As you said, this adaption is legitimacy of crypto as a whole. I don’t like to guess, but I guess in the next year we will reach 2-3 million or even more. I will definitely be around to find out.
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Great inside info! It took more than two years to get to 1 mil. I wonder what the next two years will look like. Perhaps 5mil? Maybe more. Great to hear about Steem having the most daily transaction of all cryptos. Not only that, all cryptos combined are not enough compared to Steem. I agree with you about getting from 0-1mil. was probably the hardest. With time more and more people will adapt. I definitely see Steem as a future, not only steemit platform. All SMT’s and other projects using Steem. It’s just exciting to be part of it.
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Facebook last quarterly earnings said it now has 1.45 billion daily users. This is the key metric they follow as it determines the target for advertisements which is what pays the bills for Facebook. Therefore, this is an excellent example of how a platform can create value because of the interactions of a community. Taking the daily users, we find that each user generated $8.28 of sales for them during the quarter. From a net income perspective, it would translate to $3.44 per user.
These metrics are really interesting as it could serve as a comparison to what we see on the #STEEM platform. While I am still learning about how the blockchain issues rewards, I think the comparison figures are promising for those of us who want to grow on #STEEM and its ecosystem. As per @penguinpablo, we are currently at 66,160 daily active users. If we use Facebook metrics, we could generate $547,531 in revenue on a quarterly basis. If we divide that up to an average daily amount for the Blockchain it equal $6,084 per day. I think that current daily reward pool on #STEEM is much larger. An article from 10 months ago had the daily rewards pool at 49k STEEM which at the time was at $2 each. This figures eclipses by far the $6,084 metric from Facebook.
Given this, if Facebook users enjoy the concept, they will seek better opportunities like Steemit.
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It's quite simple actually. This gives more reward than Facebook. Your Time and Energy is worth more. Something that gives you so much more value will eventually be adopted by the mainstream masses. Perhaps not this Blockchain but Blockchains similar to this.
And the best part is that the market is so huge that it will be impossible to saturate it. The output of value will be huge. And instead of having 1 central place of Power we can have thousands of places that has power and then trickle down that wealth to as many as possible.
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It took a while for me to get the point where I look at Steem before I look at Youtube, but I made it.
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steemitwill be huge in next years
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1 million steem account is a huge deal. It's not easy to surpass the 1 million steem account milestone. Steemit is the best crypto based platform I have ever seen. It's a dream come true for me to be able to learn so much from this platform, all the information we get the things we learn and on top of the we also get rewarded for spending time on steemit.
I hope it gets to the milestone of 2 million and then 5 million and so on untill everyone is on steemit. Here is a link to my post where I won a contest of 10 SBD.
https://steemit.com/steemit/@wa2qr/1-million-steem-accounts-a-big-deal
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The truth is that Steem (and it's primary website - steemit.com) represent an evolution in not only technology, but also money, human interaction and society itself.
This is truly great news. The activation of 1 million accounts on the blockchain shows that Steem is been highly adopted. It is crystal that this is just the beginning. Soon we’ll shoot to 100 million as this the the best use-case we’ll find anywhere
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Now i guess its time to begin to anticipate our next breakthrough, we are going 10million, steem is going round the world, its a move of global adoption, just look at where we are coming from two years ago
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Congratulations to Steem blockchain.
That's really amazing.
In my opinion, Steem should be a lot higher by market cap.
They have been the most active blockchain for such a long time, and that's why it deserves higher position than 29.
There are cryptocurrencies in top10 that don't have a working product.
So overrated when you compare to Steem, who has a great working product.
Just like you said it, it's great example of blockchain adoption and world use.
Hopefully, people recognize this and start supporting it.
Only sky can be limit then.
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Million transactions per day (outranking the nearest competitor by mile)
Two hundred and fifty visitors.
Yes this is truly the epitome of real world adoption in the current cryptocurrency world :-) I haven't been on Steemit very much in last five days and this is the first time I have heard of reaching the 1 Million mark accounts, Thanks for that!
As you mention Steemit legitimizes not just the Steem blockchain but the cryptosphere as whole for a lot of folks put there. Real world use is something that Steem blockchain has shown the world of cryptocurrency how to do.
When I heard of Steemit I wasn't very interested and it took me a month or two to get onto the platform. But even after getting here I hadn't looked into the platform at deeper level. A couple of months I took real interest and started reading more and more and what steem has done with Delegated POS and it was an eye opener (considering that I an still a newbie in the crypto world)
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Some time ago I saw your YouTube video and tried to understand the contents about your cryptocurrency, I think now in the case of cryptocurrency investment, we have to wait for the right time and when we have to invest at least bitcoin, we will have to invest in the right level. It is possible to achieve a very big profit. I think you are your YouTube fan The topics discussed in the panel are very important and we have to take these issues with very patient activities.
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I saw it the other day and I was wondering if we will begin to see scalability problems, we have to know a lot of those account are dead and there are a lot of bots and those things as well, it can be a sign of mass adoption, it can also be a touch of attention for other companies in the sector. thanks for your thoughts louis!
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Devil's advocate reporting for duty.
Why you shouldn't care about 1M accounts.
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I joined Steemit at about 350,000 members. I like to think I helped get to 1,000,000 users base on all the people I told. But why is the price of SDB down so much? I would think the demand would increase the value against Bitcoin? Will all the new members buy Steem?
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This is a milestone , mass adoption enroute
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As yet Steemit is by far and away the only crypto-ecosystem that has a realistic possibility of gaining mass adoption. It has and will certainly disrupt incumbent social media platforms by rewarding both content creators and content consumers. 1 million users is a significant milestone ... watch this space.
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I recently shared a same blog about 1 million accounts of steem.
https://steemit.com/steemit/@mumin007/1-million-steem-accounts-my-journey-on-steemit
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steem is future... welcome to the future
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you are right @louisthomas. I hope steemit reach 2million accounts in comming years. Steemit is more popular in social media in comming days, because peoples read many informative topoc from steemit.
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this is a big milestone
alot more to come.
well you revealed some informative data about steem blockchain and others combined
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Exactly
The first million is always the most time consuming. It's time to put your seatbelts, cause steem is going to the moon.
Hopefully the price will follow suit soon
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It's gonna be milestone after milestone now for steemit.
Steem blockchain is going to revolutionalize the world
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Currently people's interest in blockchain and cryptocurrency is increasing, and now as the accounts are open, I think they will stop their search without getting knowledge about cryptocurrency in the future, I think everyone has to wait for a certain amount of time to gain proper knowledge about cryptocurrency. And since they have been a member of the committee, Cryptocurrency to everyone's right to gain knowledge about the need to take appropriate!
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At present, many members have come to this community. I think everybody has countless numbers and everyone should continue to function properly on this platform and keep accurate knowledge about everyone's cryptocurrency.
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I think you are very happy and this community is presenting a lot more members. The comments that you have presented are very important and I look at each of your videos seriously and since you present the Yogi content with cryptocurrency which is a very important role for the community Keeps doing....
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STEEM will continue to grow, its users will increase every day, this is a great achievement ..
STEEM TO THE MOON
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yes steemit go ahed,but now doing new account create open send 8 sbd,then active
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hope this milestone will open the floodgates
we can expect alot of people joining steem blockchain,with smt around the corner
expectation are more than ever
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Since we have crossed the 1 million accounts am sure its gonna be easy to cross to 2 million. This crossing of the 1 million milestone is really great
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1 million is a good start. Still need millions more to truly be mass adoption.
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Awesome post! I made this image with the 3D steemit logo so you can use it in your cryptocurrency posts and help that million keep growing! here's the link to my post images are clean and completely free! just make sure to upvote! have a nice one!
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STEEM taking over!!!
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Very good post @louisthomas, I think, very many people in this world now who are on STEEM, from the young to the old, Steemit is a project that is very helpful to all the people in this world, with the Steemit already reduce the number of unemployed you are in this world. Because here we can work with the expertise we have, because there are still many projects available in Steemit as you say there are Dlive, Dtube, Dsound, Dmania and other projects.
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Reaching one million account is indeed a great news for the whole of the community. But the bad news at the same time is that a lot of the account created are not active any longer.
It saddens my heart to see us celebrating only the numeric values and not the quality.
People are working tirelessly to ensure many more people hear about steemit, but how many of this people do we retain?
Many of them just open the account and go, should we count that as achievement too? Many of the established users are having multiple accounts, what about that as well?
How I wish, the one million is indeed a real figure, it would have mean that one million lives has been touched by steemit, but are we really up to that figure?
Well, any progress is a progress, congratulations to steemit, steemit board and everyone contributed to this accomplishment.
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That's pretty neat. This is the next step after the inevitable downfall of the current power structure of the internet.
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I have been here for some time and in that end seeing the growth of it and the huge achievement is indeed great , while in the coming days many new achievements are going to be made ;)
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Actually this is not too much why anticipating the future of steem which is just yet to come, we all all to wait and remain positive always.
Well that's huge to say, what about the next few months, what will actually be the account by then,it could be billion we just have to hope and contribute our own quarter to it.
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Mass adoption is coming baby :-D I can't wait until we got critical mass, we need to be prepared for a huge influx of people when hf20 hits and it brings better social interactions and easier and faster account creation! The waves are going to be huge!
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The first million is the hardest of all. We made it, greater days ahead.
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