I openly admit I an uber bullish on STEEM. Just when I thought I couldn't get any more excited about what is going on, I was blind-sided with the potential that is before us.
This is incredible. STEEM is going to be huge. There is no doubt in my mind and @steemhunt only reaffirms that.
I am adamant in my saying this will be a top 5 blockchain in a couple years. The SMT idea is going to radically change the world.
So what is it that got me so excited?
The last couple days I went over to @steemhunt's website and played around a bit. When I say a bit, I mean I did very little. I read a couple posts on there, posted maybe 3 comments, and a few upvotes. My total time engaged over a couple days was, at most, 5 minutes.
What got me so excited and showed me the potential is that I earned a few hundred Hunt tokens in that time.
Are you seeing what I am seeing?
Let me explain.
Hunt is going to have a little less than double the number of tokens than STEEM, 500M. Since it does not have the potential of STEEM, being a very specialized token, I will apply a ratio in value of 1:20. Using this metric, that would put the value of the Hunt at $.10 or a total of $50M.
Think that too high? We can cut that in half and give it a ratio of 1:40 meaning it is a $.05 token or a total value of $25M.
Either way, that would put my holdings at about $15 for a few minutes worth of commenting and upvoting.
Of course, to not get to outrageous, cut that down by 2/3 to $5. Keep in mind that many ICOs are priced at $.15 per token so using less than 2 cents is fairly conservative.
This still equates to over $1 a minute.
So what does all this mean?
While I do not know the future of @steemhunt, I do see what STEEM is going to look like. There are going to be hundreds of billions of dollars on this blockchain in tokens. The main value of all this is that the Hunt, and every other token on here, will be paired with STEEM. So, by earning a token, even if one does not believe in it, he or she can swap it into STEEM.
The situation with @steemhunt is just one example. Now let us toss @d.tube into the ring. @zappl. @dlive, @dporn. @appics. @steemmonsters. Expand that out to another 100 projects. Another 1,000.
See the potential now?
Of course, do not overlook the fact that there is probably another Steemit token going to be created so that you can actually earn a different currency for your blog posts on here.
@ned stated that his goal is to "tokenize the Internet". Did you ever sit down and seriously ponder what that means and how it will look?
Let me give you my vision of what I see for the future in that regard.
You will get up on a Monday morning. You have a few hours so you head to your favorite stock market site. After reading a couple articles, you post some comments and upvote a few things. That gets you some Market tokens. Then you see a link to a live broadcast that you click on. You earn some Live tokens just for watching. Before exiting there, you have a chance to earn another AD token for watching a 30 second video. You click ok.
Then you open up your email. There are a few emails that were automatically replied to. To read them, they are offering you a Mail token apiece. You choose to view two of them. One of them contains a video from d.tube which you watch. You hit upvote because you just love cat videos. Since you do a lot of that site, your curation on that will be a decent payout.
Oops, time to get going. You have your workout scheduled. Of course, by working out, you get paid Move tokens. This helped you to drop 10 pounds over the last few months plus earned you hundreds of dollars.
That is where the STEEM blockchain is headed. It is what I foresee as the power of Smart Media Tokens and the ability for anyone to create a token for any project. Being on STEEM enables us to access any of those "sub-systems" with our STEEM account.
We are only going to see this expand as human creativity is applied. Honestly, I do not think we can envision of the things people are going to come up with over the next year. There will be some projects that totally baffle us because of their ingenuity.
That is why blockchain is one of the powerful forces unleashed on humanity. It is tapping into the potential of the human race that was dormant for so long.
STEEM is already at the forefront of that movement. It will only grow in size.
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