So hello everyone and greetings.Not too long ago, the steem blockchain celebrated its two year anniversary, its surprising no one on bitcoin talk wrote about it though. It's been an amazing ride! In the two years that steem has existed, we have seen steem at a very low point, $0.1 and have seen steem shoot up to as high as $7.
So the first thing i'll like to say is;
HAPPY 2 YEARS BIRTHDAY STEEMIT!Doing my usual scans through the forums archives, I found this topic by Dan Larimer
https://bitcointalksearch.org/topic/steemitcom-blogging-is-the-new-mining-1466593, which was an announcement thread about the steem blockchain, in it, I saw a lot of people, who are now of cause steemit winesses, whales, and dolphins, the likes of nextgencrypto, kyle, pharesim, xeroc, smooth etc
One thing that caught my attention was this comment and reply by smooth below;
Edit: The best part about the steem blockchain? Its community! I mean, everywhere and on any social, once you find a fellow steemian, its amazing.
Funny story, I have hosted people I met online, simply because they were steemians.
The steem blockchain, and infact the entire steem system was spearheaded by two individuals, steemit.com/@ned and steemit.com/@dan, along with other individuals mentioned on the white paper.
I joined steemit on the 23th of March 2017, a year after the blockchain was launched, but being someone who studies and researches alot, I went looking for answers.
To be sincere, around June 2017, I found bitcoin talk. But didn't register, instead, what drew me to the platform was a few topics that showed ''proof'' that steem was a scam. I of cause became suspicious, coupled with the fact that the steem blockchain was having a lot of downtimes, the whole system was wonky, and rumors were flying about that dan had sabotaged the system.
Yet those FUD didn't crash the system. The bull run throughout the second part of 2017 was instrumental in pushing the site, somewhat to the public as registration increased, and more members started coming into the site.
The popularity that steem gathered made it cross the top 1000 sites ranking in early january, and still hover around that range till now.
All in all, steem has gathered momentum and shows no time of slowing down.
Of cause, no one likes to talk about Dan leaving the steem blockchain, but listening to an interview dan gave sometime back really changed my perspective about him, and that made me see him leaving the steem community, as a normal occurrence.
''once a community is formed, it becomes resistant to any change that interrupts their normal flow, even positive ones, and so a new community must be formed, that is built on the new rules you wish to make'' or something to the tune of that.
Dan Larimer, also known as bytemaster7 on twitter and bytemaster here on BTT, was the former CTO of steemit, before leaving the system, around March-April 2017.
Since then, many believe that the steem blockchain has deteriorated, while others still believe that the system remained unshaken, an has even improved a lot.
Gone are the days whereby steem was using a non-linear voting system(this system gave much more powers to the whales than minnows, which meant that a vote from a high steem holder could make you $2000 or more in a day).
The system has somewhat become fairer and more innovations are coming in.
Steem has come a long way from having excessive downtimes, to having almost none, from having a high registration fee for those who wanna pay upfront, to having very little fee.
Scammers on the site are easily identified and flagged out of the system, security-wise, a lot of effort have been made to protect funds and account details.
A lot of exchanges and wallets have come onboard, powerhouses such as binance, bittrex, openledger, hitbtc, poloniex, freewallet, changelly, shapeshift, blocktrades etc all house accounts on steemit.
I am happy with the current state of the steem ecosystem, but a lot could be done to improve it.
Things such as circle jerking, spam and the likes are still ongoing. The fact that those who influence the site are those with high SP means cartels can be formed, and are formed to syphon money out secretly, the issue of alternate accounts by big whales to self-upvote and cash out more(i have a couple now, but for posting ICOs and stuff), and finally, the issue of voting bots that make money for those who delegate SP to them, inherently killing manual curation and leaving the system looking like a pay for vote initiative.
All in all, steemit is good, and my hopes are high for it, my eyes are also on Dan Larimer's latest project, EOS.
Thanks!
Check it out if you're still skeptical about the whole thing.
2 years old and still strong should convince you that its a solid project ***
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edit: grammatical errors have been fixed/are being fixed, its difficult using BTTalk on a phone, but a mans gotta do, what a mans gotta do.
