(skip to 4:59 for the relevant part)
It's gonna take a big name to create their own coin for others to start using it.
It's kinda crazy to imagine for us Steemians how easy it would be to create your own coin here, while I understand that SMT's isn't there yet and we can only imagine. It's just awesome to know all the things people could do with their coin on Steem and how proof-of-brain will be the superior system of distributing currencies to users.
Unfortunately crypto still has somewhat of a "bad rep", especially to people who don't fully understand it nor have time to do so even if they wanted to. With these lawsuits going around of "promoters" having promoted a crypto project they didn't know what it exactly was for that "quick money". People should be careful with their choices, and although these may set back the majority from ever diving in, the odds of someone doing it at some point and causing a chain reaction is growing every day.
In a way all centralized competitors arising are just going to help people hear about our cryptocurrency we use here and how it works. Even if theirs can do 10x more things 10x better short term, the people will in the end choose an open internet before a closed on. That is the freedom Steem brings but unfortunately just like through the history of the internet there will be percentage of bad actors, it's only normal. The comfortable feeling behind your screen giving you freedom to be a troll for instance is not something that will go away but neither will it in centralized system. I know streamers who wish really hard their viewers would not do certain things they do, but someone who wants to troll will always find a way to do so. Here the stakes will be against them, like literally. Without having to rely on a crypto that's never really yours or the value relies on Facebook's stock price for instance, or being afraid the company could shut down your account instantly because of some rules or some people that don't want your activity to exist. You would lose everything, unless that other competing platform does not ban people because of what their advertisers think because they may not even rely on ad revenue. Even if some dapps shared the same rules from Facebook, your account, followers, value and past work will not go away if you decide to change.
I personally can't wait to welcome the rest of the world onto the new internet, by then hopefully most of us will be using a whole lot of new dapps and maybe even dapps that can't exist on other blockchains either.
"And you'll be sitting here hatin' " Hahahaha
hopefully when andreas goes onto his podcast for the fifth time he will explain how steemians dont pay each other, they simply upvote
Great to see Joe Rogan's head explode over Steem! When more people learn about this great tech that is steem every body's head going to explode! Here's to the early adopters! Thanks for making steem great!
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I'm not exactly sure when that podcast linked to above aired as it's a compilation upload by the youtuber who figured he's hinting at Steem thus added the logo to the banner. But Joe Rogan did look at and talk about Steem and Steemit about 10 months ago: https://steemit.com/joerogan/@acidyo/steem-and-steemit-mentioned-and-discussed-on-the-joe-rogan-experience
its from a few months ago... didn't bring in much hype
I just found about Joe Rogan, like 4 days ago, his podcasts are amazing!
I've been missing on a lot of good content
If anything it's gonna be the corporations. Can't wait for the Facebucks, the Googols and the Applebites. We are almost there, that's just gonna be the icing on the cyberpunk dystopia cake.
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But I already spent all my money on JerryCoin!
Damn man it says you received more than 65k upvote
As many say, we find ourselves in the Wild West still but as adoption is led by even today’s centralized organizations, it will legitimize technology and lead to exponential development.
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My feeling is that one will not need be a celebrity to offer tokens. The future will find everyone exchanging tokens for everything.
When markets were first brought back to Europe by returning Crusade soldiers, a shoemaker might offer a chit for a pair of boots to the flour dealer who might then trade it for oats ftom a farmer who needed new boots.
The grainaries actually offered chits with a built in time deflation to handle loss to rodents! Sounds like Ye Olde Smart Contract Token to me.
The Lords of the Land saw previously dependent serfs creating wealth and with it independence. Decrees were made that the only legal tender would be that of the King.
Well fuuk the King! Tokens are back! 😎
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I think it will boil down to mass media adoption , but before that we have regulations from government coming in our way
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I saw the other day a story, I think it might have been the Ripple guy who got sued for dumping his premined coins and causing a price drop.
Ned better watch himself