STEEM And Steemians Are Trailblazers: Keep A Long-Term Perspective

Sometimes it is helpful to step back and take a look at things from a different perspective.

We are in the early stages of a very long process. At present, we are about a decade into blockchain with at least another decade to go before we really see the revolutionary impacts upon society. Much of what is coming is reading like a science fiction novel yet it is all grounded in real applications of blockchain.

Cryptocurrency is one application, the first of many, that we will see on the blockchain. Since the development of bitcoin, we witnessed an entire industry prospect in 9 years. While some want to point out Bitcoin's shortcomings (cryptocurrencies in general), it is important to note that the path to wide-scale adoption is never without its challenges.

Bitcoin, Litecoin, and Ethereum are pioneers. These blockchains are laying the foundation for what will come in the future. In fact, all blockchains we see today are in that same boat. These are waters have never been navigated before. We are seeing a lot of trial and error. This is a necessary part of the development process.

For those who are old enough to remember, the Internet did not develop smoothly either. There were a lot of ups and downs in the early stages. With blockchain, we are sitting around 1993 if we were to do a comparison to the Internet. Therefore, do not think we are late in the process.

Here is a graph that @cryptoctopus used is a post he put up:

If I were to guess where we are, it is still in the innovators stage. Steemians will not even enter the early adopter phase until there are roughly 5 million people on this blockchain. There are billions of people on the Internet right now, most of them engaging in some form of social media. Steem is closing on 600K with the blockchain world maybe having 10 million people.

Here is his post which is very uplifting view on steemit.

https://steemit.com/steem2018/@cryptoctopus/we-are-still-very-early-in-this-game-usd6-steem-is-still-cheap

Consider life where blockchain has billions of daily users on it. Imagine a time when social media is all on blockchains like steem; where all content providers have the opportunity to be rewarded for their work. Even at that point, you are still dealing with phase one of the blockchain development.

I recently started to use the term "Cryptocurrency 2.0" to distinguish from the first generation of coins which required one to buy in. This "generation" provides people with tokens simply for engaging in the utility of the blockchain. "Get Paid To ________________" will be the saying for the next couple of years. Nevertheless, this is still part of phase one.

So what does the second phase look like?

That is the age of DAOs. This is a time when things look like a Hollywood film. In this time period, we will see autonomous cars being their own entities. It is possible that there will be mobile "rooms" since the car as we know it is going to disappear. These "rooms" might be stacked and joined with other "rooms" based upon what the individual desires. In fact, it will all be part of a decentralized smart city where most everything is run by smart contracts.

Try to imagine a day when something like that is taking place on the steem blockchain. Now tell me it is took late and someone new missed the opportunity here. Ladies and gentlemen, we have not even begun.

What will steem look like in 10 years? I do not know. It might be a blockchain that ends up with very little usage in the end. Of course, it could be one of the major blockchain housing applications that few of us can even imagine at this point. It is impossible to tell.

That said, it is possible to say that we should see a terrific run over the next 3-5 years on this blockchain. We are currently wrapped up in a built-in cycle that guarantees growth. The only thing that is required is for the daily active users to keep posting. If that happens, we will see growth regardless of marketing or other outside activities.

And how does that cycle work?

Simple. Steemit is seeing organic growth. This growth comes as a realization of being ranked in the search engines. As time goes by AND more information is placed on this site, the amount of data that Google etal run into gets bigger. This only serves to increase the standing in the search engines which facilitates more organic traffic. It is a cycle that cannot help but to keep repeating itself.

Of course, converting that traffic into users is important. That is where the price of STEEM comes in. We all witnessed a tremendous jump in the pricing of the S.T.U.s which is putting some good money in our accounts. This is the second part of the cycle that cannot help but to repeat itself: people talking about their successes. It appears to be human nature for us to tell everyone when we get something good happening. That is what is taking place here. Therefore, we will witness more growth simply by users telling their friends to join since "here is what I am making".

People like to mention Alexa rankings as a means of telling how high a website is ranked, so I will go with that for consistency.

Steemit.com is closing in on being a top 500 website in the US. That is remarkable considering that it just hit top 1000 just a few weeks ago.

What is also impressive is that a second site has been moving up the ranks. While still located way down the list, it moved up almost 3,000 spots in a little over a week. While the placement might not seem that inspiring, look at the growth rate on the graph...it is almost straight up.

Things are happening. One of the reasons I am so bullish on STEEM is because it is a blockchain where utility is applied on a large scale. For the past couple weeks, this blockchain has average around 1.3 million transactions per day. That is more than any other blockchain that it out there. And what is this blockchain used for? Social media. Almost all those transactions are centered around what the blockchain was designed for. At this point, no other blockchain can even come close to making that claim.

Each person on here is pioneer. Many sign up only to move on quickly. The ones that stay are trailblazers. And for that, the possibility exists for millions to be enriched greatly. Early adopters in successful projects tend to make a lot of money. We will see that throughout 2018 if all goes well.

Is there a chance this entire thing crashes and burns? Not likely but it is possible. Could Steemit become the next MySpace? That could happen without continued development to this site and the blockchain in general. Is it possible for something else to enter the picture and create a better "mousetrap"? This is always a consideration in any endeavor these days.

All that said, there is one advantage in this situation: we are on the blockchain.

The better "mousetrap" that upends Steemit could well be another app on the same blockchain. There is nothing to prevent someone from creating an alternative on here that more people gravitate towards. That is the wonder of what we are involved in. MySpace bit it because its developers didn't stay ahead of the curve. On here, the developers are anyone banging away on his/her laptop creating apps. The next "big" thing on steem could be created by someone who will not be here for another 6 months.

The Age of Innovation is just getting started. Being a Steemian means you are ahead of almost everyone else. In the end, you are going to be one of the people who lay the foundation for what comes next. We all are.

Remember this the next time you hear someone espousing FOMO.

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