I'm quite well invested in STEEM and I remember even buying 100steem@ 4 usd each a while back because I wanted to invest with the technology and obviously reap profits in a few years to come. I have no expectation that we will hit mass adoption anytime soon, and what I mean by this is that I expect real value of blockchain tech to shine in 2030 and for more mass adoption to occur around then and that any crypto investment (to me) is a long term investment.
STEEM has a supply of 325,078,203 tokens this year but inflates gradually because 65,000 steem are created daily, so that in 16 years from now, there will be roughly double this number existing and after that, the Steem token supply will inflate just 1% each year.
This means that there aren't actually many STEEM in existence in total in comparison to other top crypto's as some have multiplied billions but still might seem a lot, but lets consider that Bitcoin had a total max supply of 21 million, and its easy to say that a good 2 million bitcoins are lost at least (any many more will be lost over time) due to the private keys and seeds being lost and people mining them when they were just cents and dollars and then not thinking it would amount to what it has, they didn't store the seeds as one should ready for a long term hodl. I wonder also how many STEEM are already lost due to lost keys?
Bitcoin is obviously the godfather, mother and grandparent's of all crypto cryptocurrecy's and has never been successfully attacked since it was started, which of course adds so much more value to it from any investor's perspective. Steem has also great technology behind it and it has a low max supply, I mean, I'm not a tech minded guy and in fact I'm far from it - but good technology is good technology right?!
Any idiot can see that a crypto that can only be made naturally from the blockchain itself and sat in the top 50 rankings on CMC, is a good investment so no wonder whilst Steem is cheap, people will be more inclined to do immoral things to acquire more of it.
I decided to write this post up because we should be able to prevent a future where only the developers, and early steem adopters (mainly from Steemit) are holding the bulk of the Steem supply and gaining the Steem tokens from people just joining the cryptoworld, and then the new users realizing that they got royally fucked over after some time and how ever will will reach mass adoption if this was to be our future? This would in-turn create something that's not so decentralized and there would be 1% of Steem holders holding the majority of the Steem just as it is with the current world finance's.
STEEM is 45 cents (ish) - something I was sure I would never be able to witness - What are peoples thoughts on the highest price of 1 steem in 10 years from now?
It's disturbing me since a while that we have this tool called Steemit to use to promote games and content but also its a place where we can communicate with one and other and to share knowledge and awareness - which to me makes it reasonable to say that we should be able to seed out the good from the bad and to help others avoid loosing money on new dapp's that are setup to benefit the creator and then to rob people of there steem tokens in some grey area of right and wrong.
This is not the only blockchain that is existing (something I feel that people oversee often) and Steem seems to be the last one to catch up on Dapp's and Tokens and from this we actually have the upperhand to see the natural direction that we are heading to.
EOS for example started well back before autumn last year with the dapps consisting from gambling dapps to 'High risk' Dapps, and before then the same thing was happening on Ethereum. I actually lost around 600 EOS due to not selling my dividend tokens at the higher price because I never would have thought that they would have flopped so quickly as they did.
Many people got stung and the lucky ones came out evens from the EOS dapp wave and I'm sure a handful came out of it from selling at 8 times profits or so and then didn't reinvest. There was one game from many the same called BEST running on Eos, and I watched the last of it as the high div's dwindled and then finish as the dev's exited. It was sad to read on telegram of of few people holding 20mill BEST tokens that they had obtained and ending up having them valued at zero with just the hope that the dev's would come back or that someone would buy the game and get it running again thus giving the tokens value again.
A Live screenshot of how that dapp is at the time of this post - curtisy of DappRadar..
After the EOS dapps were dead..
I was invited then over to the Tron Blockchain and spent a few months there before Christmas mining tokens with the remains of my eos tokens that sold at a huge loss and also seeing the rise of the 'high risk' games but then soon realizing they were just scams. Drugwars is the same game mechanics as Tron Goo, which was a ponzi scheme where lots of people lost a lot of trx.
Many dapps have flaked away of course and to be honest it seems that Tronbet (TB) have been the best dev team in the gambling dapp space since they started and have been working dam hard to become blatantly the dominating gambling dapp in the whole crypto world. Ironically enough if I'm not mistaken they were the actually The first Dapp on Tron??
It's very sad that this is all the blockchain's are being used for for now- which is proof to me that we are in still the very early stages of this movement. It means that anyone not interested in gambling, or sitting for hours mining a token, wont be bringing any new money into the crypto world and this is where maybe Steem can be different.
Maybe it is because crypto in an anarcho-capitalist system and that's just how it is (and I'm no way against this), but I do wonder why not many people if any are flag these games that will already and have been introduced to this blockchain, and that even good people can knowingly shill and promote a new game or gambling dapp when they themselves know that its either a ponzi scheme or a dead end dapp due to fail within a week.
I would hope to see more Steemians posting and promoting the fuck out of post's that they are writing to spread awareness that can stop the steem blockchain following the same path as Ethereum, Eos and Tron have ended up at to date.
These picture's Below are from DappRadar & Stateofthedapps and it's the ranked 'high risk' Dapps on the Tron Blockchain and feel free to click HERE to go see the remaining 41 of them..
The Tron blockchain doesn't yet have a 'Steemit' (a place for the users to congregate and share knowledge) but one or even two will be up and running smooth very very soon no doubt and the same with EOS. We actually have an upper-hand to avoid the Steem Dapp chart which currently looks like this on the Left - becoming like Tron on the Right..
Sorry for the low quality picture's- told ya I'm far from a tech guy!
Its sad to see that Drugwars just like TronGoo - is not in the'High risk' category when it blatantly is a High Risk game and so dam embarrassing that it's our number one dapp, when we have actual real life Dapps like @actifit where users get paid from not investing a dime and has just 10% of users in the last 24 hours compared to drugwars - How the hell is this possible?!!
Just a few days back, there was a game on Tron called Doo Tron, terrible name I know and it was also a blatantly unfair card game guessing High or Low on the next card and also you could side bet on the colour of the next card which seemed more fair.
This site just went dead of active users literally overnight 3 days back, and so anyone expecting to get their investments back from mining their token has already no chance to ever get the TRX they spent mining the token.
Games like @Steem-bet, when they are just sounding so unprofessional on promoting themselves whilst introducing their game to us with just plain scammy-ness and who obviously have never even been on the steem blockchain before they decided to copy and paste code from open source and to make their own game. This is an example of how much they are serious about Steem, a screenshot from one of their post's and it was the launch of their non existing dividends..
note the hashtags..
So here is one the latest one I have found, before I finish up, sounding as if it could easily be not for the user's benefit, and is sounding very scammy - It's called DaieSthai.
I found today another Steemian called @runicar and his post telling of red flag's that should be taken seriously about this new game. I am not against new games being made obviously and of course we just don't know any developer's real intentions when they are making a game up, but what I am willing to do is to spread the awareness of the possibility's.
I hope to get a lot of response from top witness' and people with a big influence on this blockchain from making this post, just so you know!
Big Love & More Abundance,
@movingman
P.s.. Sorry the post layout seemed bad for the first 12 hours, I wrote it on the laptop then edited it with the @partiko app, and that caused somehow the whole post layout to change, but it's now corrected again.