RE: STEEM Is Proving The Power Of The Blockchain
I believe the future of blogging on the STEEM blockchain will be alive and well for a long time. That said, the payout in STEEM is going to be tougher as time goes by. STEEM is going to transform itself into the token for entrepreneurs. It is going to be the fuel that powers the blockhain.
I think the SMTs are going to provide many with the funds from blogging of whatever else they create. Some might still get paid in STEEM which might not be a bad idea since I feel the token is going to be worth a lot. So even though the payout might be 1/20th what it is now, it might be worth 40 times in USD.
SMTs are going to be an abundance creator for a lot of people. We will see many of them that reward people in a big way.
Just my outlook on how it all could unfold.
Most of the new Steem being created will still be going to content creators but there will likely be many more content creators trying to earn it. Which will put upward pressure on the price of that Steem. As will competition for existing SP among the issuers of SMT’s. This could result in a virtuous cycle pushing the value of the token upwards. Those who own SP may find their holdings much in demand, for selling it or for leasing in out via delegation. A new rentier class?
This is what I'm hoping for.
Sounds pretty realistic to me - glad to hear that you think blogging will stick around - cant see myself doing any coding etc - I agree that it is going to become more and more competitive though