Why STEEM is more valuable than you think
steemit·@hitwill·
0.000 HBDWhy STEEM is more valuable than you think
<html> <h1><strong>“The Kingdom of Heaven</strong></h1> <blockquote> is like a treasure hidden in a field, which a man found, and hid. He then sold all he had, and bought the field”</blockquote> <p>The parable tells of a man who found a hidden treasure, recognised its value and took advantage of it.</p> <p><center><img src="https://i.imgur.com/qc6FwIv.jpg"/></center></p> <p> credit: <a href="http://www.freebibleimages.org/illustrations/parables-kingdom-heaven/">freebibleimages</a></p> <p>In the 17th Century, the French found oil in America, and reported it as “flammable, oily, water that savages use to grease their bodies”. To the French, oil was a nuisance that got in their way.</p> <p>Later, a keen business man saw its potential for illumination to replace whale fat, and spent a fortune buying land, extracting it and refining it. Even though a visionary, he had no idea that ‘black gold’ would eventually power the Industrial Revolution</p> <h1>Powering the Attention Economy</h1> <p>Like a quiet revolution, STEEM has silently enabled social sites to start paying their users to create and curate content like <a href="https://steemit.com/">Text</a>, <a href="https://d.tube/">Videos</a>, <a href="https://dsound.audio/">Music</a>, <a href="https://utopian.io/">code</a> and <a href="http://steemtools.com">many others</a>.</p> <p><center><img src="https://i.imgur.com/2bvJ8QK.jpg"/></center></p> <p> credit:<a href="https://bit.news/interesnoe/novaya-tsifrovaya-valyuta-steem-vyzyvaet-somneniya-u-nablyudatelej-rynka">bit.news</a></p> <p>Soon, sites like twitter, youtube, reddit, soundcloud, stackoverflow, etc. may need to <em>adapt or be replaced</em> by STEEM powered sites (SP Sites). SP Sites offer the same value proposition, plus are decentralised, uncensored and pass monitory value to their users, instead of selling it to advertisers.</p> <p><em>Notable youtube users have quietly began to </em><a href="https://d.tube/#!/v/furiouspete123/4vtov5q4"><em>broadcast on SP sites </em></a><em>in addition youtube.</em></p> <h1>How valuable is STEEM?</h1> <p><a href="https://steemit.com/cryptocurrency/@hitwill/how-smart-media-tokens-will-change-the-attention-economy">Smart Media Tokens</a> will enable social sites to incorporate the STEEM blockchain into their business models.</p> <p><center><img src="https://i.imgur.com/7XNnauu.jpg"/></center></p> <p>Growth of the STEEM ecosystem to hundreds of millions, or billions of active users will cause the following drivers to increase the value of STEEM:</p> <ol> <li><strong>Bandwidth Demand </strong>— SP Sites will need to pay for large bandwidth demands by buying and staking STEEM, effectively removing it from circulation.</li> <li><strong>Fundraising</strong> — SMTs will enable ICOs to raise funds using STEEM. Money coming into SMTs will need to pass through STEEM, also bringing attention to it.</li> <li><strong>Liquidity Pools </strong> — SMTs will need large amounts STEEM to be locked into a liquidity bot to enable users to trade in and out of SMTs without needing bid/ ask interfaces.</li> <li><strong>Influence sharing</strong> — As SMTs come into existence, STEEM will be used optionally as part of the rewards pool for the social site, creating more demand.</li> <li><strong>Advertisers</strong> — Most importantly, advertisers needing to reach users in this social model, will need STEEM as a backbone to a lot of their advertising.</li> </ol> <p><em>Social media advertising spend is projected at </em><a href="https://www.businessinsider.com.au/social-media-advertising-industry-growth-2014-9?r=US&IR=T"><em>8.5 billion USD</em></a><em> for 2018. SP Sites will start to consume an increasing portion of these advertising dollars.</em></p> <p><center><img src="https://i.imgur.com/8EVGZmR.jpg"/></center></p> <p>Depending on which side you stand, STEEM could either be grease for savages, or the Black Gold of the attention economy .</p> </html>
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