Over the last few months I detailed a number of different factors I believe all will lead to exponential growth on this blockchain. There is so much going on with apps, SMTs, and the move towards decentralization that we can see a future where STEEM is a central part of people's online experience.
The next 5 years is really going to see a radical shift in the world. Right now there are 4 or 5 initiatives which are receiving huge amounts of financing. These initiatives are all designed to blanket the planet with mobile/broadband communications.
We presently have only about half the world's population online. Projects such as SpaceX, OneWeb, and SAS are looking to resolve this. All seek to use satellites to provide services to the rest of the world that presently lacks digital communication.
This is one of the most important aspects to the next decade. The fact that half of the population is cut off from the world's knowledge base means that many more are going to be joining and enjoying what humanity has already accomplished. At the same time, these people bring with them a wealth of creativity and ingenuity that is presently missing. In short, we are doubling the potential creativity simply by doubling the number of users.
Imagine what this can do for a blockchain like STEEM. My article this morning posed a potential scenarion 10 years down the road. Imagine how many more people are eligible for that if we see the entire worldwide population online. It is safe to say those people in rural Central America and SE Asia would like social networking services too.
When we say the sky is the limit, it really is. There is no cap on what STEEM can be worth. People believe some of the figures tossed about are absurd. That is because they are looking things with reference points that are known aka the equities markets. This is nothing like that. We are talking about revolutionary technologies (blockchain and crypto) which are going to alter how society operates.
How much do you think a blockchain that is at the core of what a significant percentage of the world's population uses is worth?
Every single figure related to anything Internet is compiled with only half the world online.
Think about that for a moment.
This is a situation that will be eradicated in the next 5-7 years.
By 2025, you will see more than 6 billion people with mobile internet access.
I would saying being one of the first 1M people on here fits the definition of "early adopter".
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What I find most fascinating task is that many billions of people will do the jump from completely unbanked and disconnected from the finance world to super connected blockchains, this a first in the history of humanity that will transform the world as we know it.
I'm helping jumpstart this process by inviting my friends from Cuba. They both now have crypto currency wallets and are actively Steeming, despite the many problems they face to just be able to connect to the Internet. i'm so proud of them! They are true pioneers for a country like Cuba.
Check their channels out: @cubadetodo and @paquetedecuba. I've been giving them my full support to jump start them.
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@cryptoeagle - enjoyed your post, I believe that some people will make the transition to digital currencies quicker than others. I hope too that crypto can change the world. I will check out your Cubano friends and hope they are of the same mindset as you and I.
Just last month I read about Venezuela starting a Petro-based crypto currency. I can't fathom supporting that regime & what they've done to the Venezuelan people. They literally have so little food now there- that in 2017 the average person there lost 19 pounds! Venezuelans -
Lose 19lbs CNBC
(https://www.cnbc.com/2017/02/20/venezuelas-crisis-cause-its-people-to-cut-meals-and-lose-weight.html)
Venezuela used to have the largest economy in South America- now they are a socialist hellhole! There is no reason for that as they have something like the fourth most oil reserves in the world.
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Ohh believe me, you don't have to send me any links to show me the hunger in socialist countries. I'm a survivor of the 90's special period in Cuba, my mother almost went blind for lack of vitamins and my father looked like a skeleton... it was really bad but we made it thanks god.
My friends are of a capitalist/libertarian mindset, otherwise they wouldn't be my friends hehe. They are just stuck in that hellhole surrounded by socialist zombies but are very entrepeneurial and resourceful
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Thank you my friend! We will keep alive :D....and hope some day we all meet to play some snes MK2 ;)
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Yes that is the truth...billions will have access to the a banking system, something they never had before. In the past they kept their money in a can hidden.
Gave them a follow.
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Hasn't the US government been paying the telecomunications companies hundreds of billions of dollars over the last 10+ years to do that? And what have they done?
Elon Musk's proposals for connectivity are intriguing. And if there's a person who I think could actually make a difference there, it's the man who committed over tweet to do a millions of dollars deal for Australia...and they finished on time!
Steemit has the potential to be something great. We have to get passed the issues we've been having where people act in their own self-interests. I do sometimes. I think we all do. However, we can't have exploitation be the norm, or have it be ok.
One of the things that will probably have to change is the use of bid bots. I'm more comfortable with the idea of set return bots so newer users can get an actual boost. I think it's strange that so many people fault the airlines for overbooking their planes, yet it seems like they're totally fine with bid bots overselling the value of their votes. That's not a sustainable way of helping people grow...which helps us all grow.
These are just some of my ramblings. Feel free to disregard if you'd like. :)
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Ahh, yes.. When you come to think about it, there's so many people without internet access, it's gonna be crazy when the whole world is connected to the internet or blockchain.
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There are some obstacles to that, but yes, it will be very exciting to see what happens when we suddenly have millions more friends on here. One of the things we will need to do is make sure that we're acting in ways that teach them how to interact productively and properly. Don't want to teach them bad habits right off the bat. (Not saying you're doing that. I'm just saying it's important) :)
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SKYNET!
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Fear monger :)
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Do we even need a blockchain/skynet to power the AI robots? lol
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I also believe that in online activities it will bring revolutionary change. In this reagard, I want to say, we are in forward one step than who don't join in this technology. It is our luck, we have found a good means to express ourselves and also we can profit from here. Thank you very much for sharing this post with us.
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Yes of course the future comes with exponential growth. For instance where I stay now, there was no internet connectivity five years black. But look at it now,.there's even 3g connection and all the people in this part are trying one way or another to get a niche in the digital world. The only thing I could advise people here today is to make good use of your opportunity now. Make a place for you now before the masses pour in. You might not stand a chance by then.
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Good article - however, I don't think it will take very long. The growth in the virtual space is unlimited - not "sky is the limit".
I am just glad that I am not too from the leading edge.
Thanks!
All the best!
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I'm curious if these initiative will be able to provide anything close to 4G. Because very slow internet will definitely impact how the people coming online will behave and what type of content they will consume.
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whether it is called the satellite
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It great introduction for internet.Very thanks for your description blog about satellite .Keep it up
Thank you
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That is truly remarkable to think about. Half of the world is missing out on an abundance of knowledge, and we are entering into the tokenised life.
It's going to be a wild ride.
Very exciting to imagine what the world will look like in 10 years time. Especially with an older set of eyes.
This is one of those posts that is next level, it requires multiple viewings. Good job.
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The only problem I can see is in countries like China, North Korea and Venezuela: Communist and Socialist regime's which will try to block the rollout of free internet for all, knowing full well that an enlightened and financially freer people will cause them a lot of problems, as well as loss of control. Great observation though. Spot on.
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Nice satellite post.....Thanks for sharing........
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Agreed! Technology will be taking another exponential leap in the next decade thanks to blockchain and Steem will be right in the middle of it all. I continue to look at building on this platform and community as we extend our views across the realm of blogs.
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Great observation.
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when they get online do you think it will be a horrible learning curve where they start out sending chain e mails like your grandparents or should we just go ahead and intentionally start them out with dial up so they can ease into it?
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You have a positive look for the future of this technique. dear @taskmaster4450 And I agree with you
Increasing the number of users means increasing the chances of creativity and creating new ideas
Blockchain Technology works efficiently with a large number of transactions and this ensures that it is the future.
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Because of some efforts done by my government and one private company, the number of people who would access the internet on day to day basis has increased by almost 10 folds. There are now almost 10 times more people using the internet. It was all done by getting people addicted to the free internet they were providing.
I believe it is still not done yet. I think there are yet many more people that still donot have access to the internet. I hope in coming years this number would decrease gradually and we would be able to see many people joining this platform and other platforms.
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Great post. I have often tried to look at charts and analyze where Steem could realistically go, but then I realize the reality of it; like you said all of this has the potential to drastically change the internet, and the world(figuratively speaking, I'm not saying anything is going to change the world's major issues anytime soon).
Great article. I am so excited to see where this goes, and what the future holds for a lot of us. It is quite exciting to think of the potential all this technology holds. Cheers!
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Excellent article. It seems to me that as soon as the registration procedure is simplified, Steem will have a new wonderful period. Good luck to you.
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Man great post. That's the reality of future. In present people are now hesitant for this blockchain technology so they say its a scam but in the near future everything is going to transform at a great pace and this might be a center of attraction.
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Finally I'm an early adopter of something, Only took 51 years LOL
Yeah, I'm a slow learner ;)
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you always do good.
nice post. keep it up.
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only time will tell
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More creativity is also an increase in human knowledge and discovery for the entire human race.
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GREAT POST :)
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Virtual Reality: I was pondering the future of Steemit last night after considering the projected growth of virtual reality over the next 20 years. Some who are engaged in predicting the future of technology are saying that by 2030 VR will be essentially indistinguishable from reality. Can you conceive such a thing? I can imagine that most of the population will prefer VR over life itself. And why not. In VR you can be anyone and do anything. Why watch the NFL when you, through VR, can play in the NFL. Why go into the service when you can be a tank commander or a fighter pilot in your VRBOT? And what will that do to communities like Steemit?
Well, anyway, in the meantime we are here in a alternate reality so-to-speak. A community of people from all over the planet interacting with people they've never met in person. Being someone they may not be away from this community. Being someone here, that they could never be in "reality". Well, and that's one of the reasons Steemit will thrive, at least for the near future. Here on Steemit you can be someone greater than you have been before. Thats a pretty cool thing if you ask me. Thanks for the thought provoking post. Blessings.
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I think once things get a bit more organized around the site we might start seeing different language options or filters. With how many people worldwide who are in need or wanting a platform like this it's going to blow up when word and access gets out.
Like, I have no idea how I'd never heard of this site, I think I found a random @jerrybanfield video while researching crypto, and now we're in the top 1000? I think making the site more user friendly should be the next priority after SMT's and communities, til then I'll keep building.
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@taskmaster4450 - you are correct in your assessment that Steem and other cryptos are undervalued. That is due to the few online and other merchants that currently accept any cryptocurrencies at all. This will change in the future- soon I hope. Keep up the great work in your posts!
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Internet access is vital for a real adoption of crypto. If the unbanked 60% of our world population is getting a constant internet access,we can build the true crypto world.
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I just got my confirmation email for Manna Coin and hotmail told me it looked like a phishing scam... It was not. :(
I hope that doesn't discourage anyone.
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This is just the beginning of steem. I believe in the near future blockchain is going to gain a tremendous growth in all sector. Every sector will start using cryto currencies for payments, marketing and promotion and will distribute ICO instead of IPO. Initially people tend to hesitate as this is a new technology but gradually it will dominate.
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Nice post sir. Restemeed and upvote 👍
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