In The Beginning
The Crypto-Currency story begins back in 2009 with the mining of the first Bitcoin Block. That Bitcoin block, known as the Genesis Block released the first 50 Bitcoins into the Bitcoin Network. It’s funny to think that back then, “the network” probably only consisted of between 1 and maybe 5 or so other Bitcoin miners/users.
Fast forward to 2013 when the Island Nation of Cyprus had a banking crisis, propelling Bitcoin onto the World Stage. What was only months prior selling for $10 - $25 dollars had now skyrocketed to above $200 per Bitcoin. Later that year Bitcoin topped at around $1240, higher than the price of Gold. The price didn’t hold for long, and eventually the price bottomed out again near the $200s.
For the last several years the price of Bitcoin has been stabilizing more and more with less and less volatility. It has recently climbed out of the $200 dollar range and settled near the $600 range and stayed there for quite a while. Bitcoin hit the doldrums for a while. Its price has meandered up and down but mostly the price has gone side ways. Bitcoin has gained more users and spawned a whole new industry in FinTech. Bitcoin’s Blockchain technology is now Wallstreet and Fintech’s “New Darling.” But Bitcoin itself is not as exciting or innovative as it once seemed. The Blockchain part of the Bitcoin system is now the news maker, and not the Bitcoins themselves.
Believe and Ye Shall Live
I leave beliefs and faiths to religion. For me, seeing is believing. I see reddit.com with around 40 Million user accounts (all gaining Karma points) and around 1 Billion Facebook users (all gaining Zuckerberg Points, just kidding no such thing).
People throughout the ages have had the need for self expression, be it through art, dance, writing or any other expressive forms. The Reddits and Facebooks of today have made this easier for the everyday user. So much so that they have literally gained Millions and Billions of users/followers.This is something that Bitcoin has truly lacked.
I have been a bitcoin miner and enthusiast since 2013. I can actually say that one of my miners found a Bitcoin Block. I am proud of that, and excited to be a member of the crypto-currency movement. But unfortunately, some of the excitement of Bitcoin has worn off. Most people haven’t heard of Bitcoin, and if they have they know very little about, and more troubling is that they show apathy or disdain for it. “It’s too complicated, you can’t buy anything with it and I don’t trust it” are a few of the negative responses I usually get along with the occasional blank stare.
In STEEMIT We Trust
It’s now 2016 and there is a buzz in the Bitcoin world. Unfortunately it had nothing to do with a “killer app” or new use for Bitcoin. If anything, the news was that there was going to be less Bitcoin to go around, The Halving was coming. The price of Bitcoin had risen in anticipation of The Halving.
At around the same time, in the quiet corners of the Internet, there was a new Idea about to come to fruition in the form of a whole new Crypto-Economy; STEEMIT.COM. The white paper for the idea behind the crypto-currency STEEM, STEEM POWER and STEEM DOLLARS was released in March and sometime in April 2016 the steemit.com website was up and running. On July 4, 2016 steemit.com made it first official payout, and steemit.com was now on the World Stage.
There was a media frenzy in regards to steemit.com and its disruptive and transformative new idea of spreading the wealth to the content creators through a new crypto-currency to be rewarded for community participation.
The Rise of STEEM 
Steemit.com currently has about 48,000 user accounts and its current Market Cap ranks in the top 5 at around $213 Million Dollars (US). It has its own internal market where you can buy or sell your own Steem or Steem Dollars. There are independent exchanges where you can buy, sell or trade Steem or Steem Dollars. There are even some retailers that are now accepting Steem and Steem Dollars.
But more importantly, steemit.com has a platform that addresses the human need for self expression, lowers the technical barriers to entry, and ultimately compensates the content creators and community participants via its own crypto-currency. This is what Bitcoin has been waiting for, this is Bitcoin’s Savior. Something that the masses will take to. Reddit and Facebook have shown that the user base is there. Now Steemit will introduce millions to crypto-currency that many have heard about but never really used. Steemit has built a Crypto-Economy and now they will come.
The most recent and famous person to join steemit.com was Jeff Berwick of the Dollar Vigilante @dollarvigiliante followed by a Playboy Model with over 1 Million Instagram Followers, @brendazambrano . These “Youtube Famous” and “Instagram Famous” celebrities have begun the transition over to steemit.com. As more Social Media celebrities dive into STEEM, the masses will shortly follow, it is only a matter of time now before the Rise of STEEM will be complete and the New World of Crypto-Currency will never be the same.
Full $TEEM Ahead!
@streetstyle
#steemit #steem #bitcoin #news #money
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