One of the biggest problems with cryptocurrency is getting people to actually use it in their everyday life. If you've been on Steemit for a while, you may easily overlook the fact that simple transactions
As the market turns red, Steem is in the green. Once again, the price of Steem has gone up. In spite of all of the drama surrounding Steem and Steemit, the price of Steem is up today. Could it be that any press is good press? I know we have some new exchanges adding Steem which is a good sign and long overdue. I am also seeing more mentions on Twitter than ever before. Whether this is a good thing or a bad thing remains to be seen, but the market seems to like it.
I’ve been promoting the Steem Blockchain for several years. As a result of that, I’m getting many questions from followers concerning the Steemit Tron controversy. I think this video with Steemit witness, Luke Stokes does a great job of explaining many aspects of Steemit and the latest news surrounding the purchase of Steemit by Justin Tron.
The interview covers many subjects including the fact that Steemit was purchased by Sun, but the Steem blockchain can not be purchased. The role of the witnesses in protecting the blockchain is also discussed.
Perhaps one of the best lessons of this entire experience is to get your crypto off of the exchanges. If you do not control your keys, you do not control your crypto.
Both Steem and Tron remain in the top ten of most active blockchains. Tron (TRX) is currently ranked number five and Steem is ranked number six. EOS remains in the number one spot. Bitcoin is now ranked number 9.
You can see the market caps of the most active blockchains in the graph shown below.
While the future path of Steemit remains somewhat uncertain, some facts are undeniable. The graph above shows Google Trends according to keyword during the past 90 days. This particular graph depicts the trends worldwide.
I entered the following keywords Steem, Tron, Steemit, and Justin Sun. As you can see both Steem and Steemit are almost flatlined. Tron, however is trending much higher. One could argue that Steemit is an active community and people do not need to Google it, but if growth is our goal we want to see Google Trends trending higher. I know many details need to be discussed, but I think we can all agree that Steemit and Steem will receive increased attention during the next few months due to the acquisition of Steemit by Justin Sun.
I hope this increased attention will include the many Steem projects such as Steemhunt, 3Speak, Steempress, Dtube, Splinterlands, Appics, Esteem, Busy and the communities that Steemit has spent years in developing. I also think it is a plus that many of the Tron dapps are gambling and gaming dapps much different from many of the Steemit projects. Steemit has many positives and now we have the spotlight to show the world. I’m sure I’ve left out many Steem projects. Please share your favorites in the comments.
The title of this post should be “Justin Sun buys Steemit and everyone is freaking out!”. I understand the concern of the unknown and the fear of change, but I think we are overlooking some of the obvious positives.
First of all, Justin purchased Steemit, not the Steem blockchain. Steemit is basically a community that uses Steem. Why would Justin purchase this community if his plan was to change it into a Tron community? The Tron community already has a huge following and quite a few dapps in the entertainment genre. In fact during the recent crypto bear market, Tron was one of the few communities who maintained a high profile on Crypto Twitter and YouTube. When most the crypto community almost disappeared, Justin Sun was still in the news, explaining, promoting, and introducing crypto to new audiences. In my opinion, this was one area where Steem faltered. I think Ned and Dan were brilliant in their creation of Steem and Steemit. I will always be grateful for the opportunity these two provided. I do think, however, that Steem could have used a full time PR guy. We were so busy talking to each other about how great Steem was that we neglected to bring in new people.
In this respect, I think Justin Sun and the Tron community might be just the medicine Steemit needs. When I’m on Youtube I see dozens of videos about the latest Tron dapp. Transfer that enthusiasm to Steemit and we may see some much needed new blood and new users on Steemit.
For the record, Steem was my first altcoin and I love the community. By the same token, I also invested in Tron over a year ago. I didn’t know that much about Tron, but Justin Sun was everywhere talking about it. I kept hearing that Tron would change the entertainment community. After hearing this from Sun and the entire Tron community, I realized I did not want to miss out. If Justin Sun and his Tron community can bring some of that enthusiasm to Steemit, I welcome them.
Hopefully, we will finally find an answer to an easy way to on board new users as well. Growing the Steemit community is a good thing for all of us if we can stop freaking out long enough to realize it.
The price of Steem jumped over 25% reaching a price of 29 cents. Steem Dollars also enjoyed a price increase of over 10% reaching a price of $1.08.
While it may be easy to dismiss this price increase as a simple Bull market following the price increase of Bitcoin, the price of Steem is actually increasing at a much faster pace than many of the top marketcap coins.
Are we just beginning to see the valuation of the potential of Smart Media Tokens?
Many Steemians, including me, assumed that Dan Larimer’s Voice project would just be another Steemit using EOS instead of Steem. I just received the invitation to beta test Voice and realized that Voice will not be another Steemit.
First of all, user’s identities will be confirmed which means users will use their real names. Avatars or profiles will be a selfie which adds another layer of confirmed identity. According to the email I received, the initial roll out will be for the United States with plans to add other countries in the near future. The content of Voice beta will only be visible to logged in registered users during the first few weeks, but will become visible to the public at a later date.
Voice beta will use HooYu to confirm you are a real person and reside in the USA.
I think the identity confirmation alone makes Voice a very different platform. Quite possibly Voice will appeal to users with a public platform and following as opposed to the casual blogger or Instagram type poster.
I think the fact that Voice is a very different animal than Steemit is a plus for both platforms. The uniqueness of each platform will hopefully make them both a success.
Steem price jumped over 13% during the past 24 hours. The price of Steem rose to over 22 cents. The market overall enjoyed a bullish streak. EOS was up over 8%. Bitcoin broke the $10,000 barrier with a rise of over 4%. Cardano is also up over 4%. BAT which is used in the Brave Browser enjoyed an increase of over 14% reaching a price of over 29 cents.
One of the biggest problems with attracting new users to cryptocurrency is demonstrating the “use factor” for the cryptocurrency. Everyone knows you can invest in any coin and hope for it to increase in value, but Steem holds an advantage in that the “use factor” is quite evident.
Steempress is a WordPress plugin that allows any blogger to monetize their site using the Steem blockchain. The plugin is brilliant in that it simplifies the entire blockchain experience. Every blogger using WordPress is familiar with the plugin system so that it one less thing to be explained. Every blogger is also struggling for an audience and monetization. The combination of Steempress and the Steem Blockchain provides both.
Steempress has also made some improvements to the plugin concerning SEO or search engine optimization. The plugin includes a delay posting feature which allows you to post on your site and set a delay for the post to be made on Steemit.
The WordPress community has millions of users. Attracting a small portion of those users to the Steempress plugin could be a natural advertisement for both Steemit and Steem. As the value of Steem increases, Steempress will become all the more valuable to bloggers.
I will be Tweeting about Steempress on Twitter in the hopes of reaching more WordPress bloggers.