Why Does Steem Need to Become JSECoin?

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·@hobo.media·
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Why Does Steem Need to Become JSECoin?
![crypto ban.jpeg](https://cdn.steemitimages.com/DQmUJrwkqGFkpkQT9KbrS6jurqWGgqAUqbqdXMtK6cMw24D/crypto%20ban.jpeg)

What is JSECoin? It's a little known ICO going on right now, currently its coin is not worth much, and you can buy 7500 for just 0.1 ether or approximately $0.005 USD a token (ERC20 to be traded to native coin later). But what makes this coin special is its mining protocol. Anybody can mine with a PC, or your website traffic can do it for you...

![JSECoin Mining.png](https://cdn.steemitimages.com/DQmchn4gjCCvK52nHKgCYXYXT5JEeZuW7SyTaSwjvbqb3LX/JSECoin%20Mining.png)


You can mine your own, just need a PC, I mined 11 on my surface pro while I slept: 
https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=


This has the potential to transform how publishers make their income. Content creators like indie authors, bloggers and more could give their visitors an ad-free or reduced ad experience. At the very least, its one more pathway for publishers to eek out a living doing what they do best. 

Now, the point of this post is not to promote JSECoin. (shameless promo: Click here to start mining JSECoin https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=
 because clicking this helps me earn 500 JSECoin and allows me to keep sharing free products with the community while earning a little something myself) 

Cool, let's keep on with the post... So, what is this post about, then? The Steem blockchain, obviously. How could Steem be innovated for the better of our community here on the blockchain? One feature we need is post traffic info, I want to know how many people saw my post, I want it bold, obvious and right below the post. 

But we can do better than that. Why not implement a traffic reward in addition to the current rewards system? Why not do what JSECoin is doing, and rather than have witnesses we have traffic hashing? Everyone on the blockchain could be involved in the process of securing the network, lightening the load, keeping the whole process egalitarian in spirit.  

 (Shameless promo: Click here to start mining JSECoin https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=
 because I'm a nice guy) 

Another aspect of Steem I would like changed is the 7 day payout. I'm fine with a weekly payout, but not a 7 day payout cap. Why have this system? Content creators don't really make much money for their content ... initially, but the value is in the dividend effect. Can you support yourself by writing 5 ebooks? Most of the time no, no you cannot, but when you have 100 short ebooks and 3 standard size ebooks on the market the income is often impressive as they promote each other and provide return customers. A 7 day reward cap shuts that down cold on the blockchain. 

Often half the income ever made by content is made in the beginning, while the other half comes in very slowly over the course of 6 years on average. Our current system is very possibly cutting us out of half of our potential income revenue from content production. Do we really want to maintain this?

 (Shameless promo: Click here to start mining JSECoin https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=
 ...because sharing is caring)

I feel rewards on the steem blockchain are not as good as they could be or should be. I believe the core concept is good, but quality content should be better rewarded than it currently is now. We should push for implementations that will take the steem blockchain to the next level, driving a powerful urge to join. 

Why should steem scarcity not be the goal? Yes, it might deter immediate investment in the blockchain and push off early profitability but that's not necessarily what is best for the blockchain or steem value as a currency. Let's consider two scenarios for a blockchain: 

1: I invest in a blockchain that has 100,000,000 coins and 120,000,000,000 USD (Bitcoin's current market cap) invested in it. Sweet deal, my investment of $8 per coin at 250 coins turned into $600 per coin and my $2,000 became $300,000. Who wouldn't want that? Right, but here's the bad news, it's got nowhere else to go but down. Why would that be so? Because it was all really just another ICO trick, sure, it was a legit platform, it was opensource, but the spirit behind the machine was greed and ultimately the public caught on to this and ditches. The public, especially the blockchain community is sick of the corporation, if you're still into corporate American, you're kind of in the wrong place.

 (Shameless promo: Click here to start mining JSECoin https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=
 because you're a good person)

2: Now, that's pretty hard to beat. Wait a second, is it now? Let's try it a different way. How much money is in the world? 36.8 trillion. I'm being discriminating in my definition here, only the traditional kinds (bank notes, physical coins, savings, checking accounts) are included, which means, in many ways the value is above that. So if it had complete planetary adoption, with the average person owning somewhere between 0.0125 to 0.005 of the global coin, then your same $8 initial investment turns into $368,000 and your $2000 turns into $92,000,000. Oh my damn! That's some serious profit. 

(Please be gentle if I put a digit somewhere it shouldn't be)

That's why you want easy adoption... 0.005 of a coin in everyone's hand is more profitable to the person that got an easy 250 of these bad boys when the getting was good, than a niche coin with a ton of capital thrown at it. The world is changing and so is the common thought. Thinking like an ivy league business major is not going to help you in the world being created today, because we don't like the world as those guys have made it. It's being re-made, and if you think like a traditional investor you're only shooting yourself in the foot. Think about it, it really doesn't matter if you have the money, if the masses don't like your blockchain, we can just fork. If the tycoons don't want to go where the crowds are, that's cool, they can hangout with their classic coins. 

 (Shameless promo: Click here to start mining JSECoin https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=
 because clicks are like hugs)

It's commonplace to believe funding is the lifeblood of a software project, but with blockchain this isn't true. Bitcoin merely spread like wildfire, and Steem is designed to do an even better job of that, if it doesn't sell out. 

People are growing ever more intolerant of corporate America and their way of doing things. Trying to keep investors happy with increased earnings every year often destroys quality and guts the original spirit of a project. Steem needs mass adoption, this matters more than initial profitability. I'd rather have 50 coins of the coin everyone in the world has 0.1 of on average than 100,000 of a coin that is inevitably going to die or stagnate. 


Also, final shameless plug: Click here to start mining JSECoin https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff96420&utm_content=
 because I'm your buddy!
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