Why STEEM Is Destined To Succeed!!!

We are faced with a complete paradigm shift which will uplift humanity from the state it operated in for the past few thousand years. Over the next couple decades, we are going to see opportunities that can be traced back to a white paper that appears a decade ago.

Satoshi Nagamoto gave the world crypto-economics. This was the combination of a decentralized peer-to-peer network, secured with cryptography that was monetized. Essentially, this simple breakthrough gave the ability to create and distribute money to the many as opposed to putting it in the hands of the few.

As with most technologies, version 1.0 tends to be a bit buggy. This allows developers to create version 2.0, 3.0, etc. Each generation gets a bit better in terms of performance while also adding some more features.

We saw, and will continue to see, this in the world of crypto-economics. Over the past decade, tremendous innovations were seen that are really starting to catapult this industry forward. The bull run in pricing the end of last year only put the establishment on notice. They reacted as expected, using their incredible might to beat back the threat. Or so they think. The reality is this is just beginning.

Source

STEEM is going to be at the forefront of this movement for one simple reason. This blockchain fulfills one of the basic tenets of crypto-economics and, in turn, decentralization. And this is why I am so certain that STEEM will be extremely successful.

Basically, the world needs STEEM to succeed.

Before going into detail, let us take a look at Satoshi's creation. It is true that Bitcoin gave the creation and distribution of money to the masses. Unfortunately, the law of unintended consequences seemed to enter the picture.

If you look at Bitcoin, who is doing the creating? And who is handling the distribution? Because of the mining process, which solved the double-spending problem, power is now in the hands of a few. There are a handful of miners that control the entire operation.

This provides two challenges:

• The system could be severely hindered by authorities if they went after those few miners. Also, if they took them over, all new tokens would be in their hands.

• All new tokens are not being distributed to individuals. Instead, they first end up in the hands of the miners who then are able to sell them. This is where many draw the parallel between Bitcoin miners and central banks. The barrier to entry for the individual is simply too great.

This is not to say that Bitcoin will not be extremely successful. Already, it was an amazing breakthrough which altered the landscape of humanity. How that ecosystem evolves and the changes that are made remains to be seen.

That said, I can tell you that Bitcoin does not fill a basic tenet of what is required to change the fate of humanity. Bitcoin is not the defense against state-created cryptocurrency which is surely going to come.

Source

STEEM is capable of providing that defense. This is the power of what we have before us. STEEM is going to provide something that is crucial in this movement.

To repeat: Bitcoin provided the masses with the ability to create and distribute money, something that was only granted (taken) by the elite throughout history.

STEEM has that ability and is about to expand upon it.

The challenge we have is that the distribution of said money throughout the industry has not been great. Bitcoin epitomizes this but is not the only one.

So what makes STEEM so different?

The answer to that lies in the fact that it is going to become a token factory. Of course, this is not new since both Bitshares and Ethereum fall into that category too. The difference is that STEEM, because of the content reward system, is going to be a UTILITY token factory. This is very important.

To defend the masses from the threat of state-created cryptocurrency and the allure it has, we need people to be properly financed. This means they need to get their hands on decentralized cryptocurrency.

Hence, a distribution system is required to get NEW tokens in their hands. Why new? Just look at our present system. Money is created by the central banks and given to whom? Other banks. Then it is given out to the masses either as debt or possibly wages. Both these situations only favor the elite. Wages is giving up one's present time for money and debt is giving up future time.

STEEM is an ecosystem that already provides new money on a weekly basis. Each week there are over 700K newly "minted" STEEM distributed to individuals. These tokens come from the blockchain meaning they do not pass through another wallet first.

Yet, this is only part of the story. In March, the SMT protocol is set to go live. This is a revolutionary step in the path towards freedom. Here is what will turn the STEEM blockchain into a token factory. And, every token created, since it is on this blockchain, is designed to be given as incentive. In other words, people get them as reward for completing particular tasks.

Source

Each week, I point to projects such as @steemhunt and @actifit as models of what will be taking place. These two will end up growing into thousands. Millions of people will have the opportunity to fill their wallets with cryptocurrency.

I stated in the past that, once we have a tokenized world, it will not be uncommon for individuals to be getting 25-50 different tokens a month. Again, just by going upon what is taking place on STEEM, this is not an outlandish forecast. In the last month, I received 6 different tokens on this blockchain (well some aren't on the blockchain until SMTs are released but you get the point).

Now, here is the kicker.

STEEM has a decreasing inflation rate. Each year, roughly, it drops .025%. I believe it is somewhere around 8.75% right now. Eventually, this will end up settling at .025% annually. While this sounds bad to people based upon knowledge of bankster economics, it is not.

To start, this money is just that, money, it is not debt unlike the fiat system. Also, it is new money distributed to individuals. Hence, we omit the top-down approach that is shown not to work since the fiat world is only seeing the inequality grow. Finally, this money is going to be given to an ever-growing number of people. That means the inflation rate will be offset by the growth rate of users.

As the amount of users on the platform grows, more STEEM is required to cover the bandwidth. This is the built in need for this token. Applications are going to ensure they have enough bandwidth to cover the traffic they attract.

Source

Which brings me back to the individual. The defense against the establishment is to distribute tokens to people that allow them to purchase what is needed (an income) while offering the opportunity to create some wealth.

STEEM will do this.

How?

Simply by the fact that all tokens created using the SMT protocol will be paired with STEEM. That means people will have three options with their SMTs:

• Hodl them
• Spend them for items needed
• Convert them to STEEM

I foresee people doing a combination of all three. SMTs will provide people with an opportunity to use crypto to live while a portion will be used to convert to STEEM. This is how many will accumulate SP since it is only going to get tougher to get.

This is why I believe STEEM is destined to succeed. All decentralized blockchains engage in token creation yet how many actually has a decent distribution system?

STEEM is going to have the ability to put thousands of tokens into the hands of tens of millions of people.

And that is exactly what humanity needs.

---

If you found this article informative, please give it an upvote and resteem.