The community future.
Issue ones like Thorn, Mango, Florijn and so on.
This would be another game changer
Now, if you thought that Steem was about to stay the same, a Social Media Platform on a blockchain, then this might surprise you. Because the Steem future to come is going to have another game changer included. It is about Steem Tokens, or Community Tokens, and it might be expected that Golos will implement it too. This is still in a proposal fase and I became aware of it thanks to a post by Fyrstikken. It contained a recording from SteemSpeak dot com, with special guest Ned Scott, CEO of SteemIt dot com. And Ned had some very exciting announcement about the future of Steem, with solid plans to make Community Tokens a new feature.
If you are familiair with the Steem cousin Bitshares you already might know a bit about User Issued Assets {UIA}. And it could well be that some of the Bitshares code will be used to create the Community Tokens option for the Steem blockchain. To get an impression how that works, you can have a look at the Bitshares Decentralized EXchange {DEX} hosted by OpenLedger dot IO. Just used some BTS {Bitshares} I had to trade for Steem Power{SP} through the service of Blocktrades dot US. It is truly the blockchain family of 3-2-1-DONE! And that speed will also be available for the Steem Community Tokens.
Wait, there is more to be excited about
The Steem Community Tokens can be issued by anyone who has an account. Maybe you would do one just for fun? Or you have your own company selling 'Mangos' and want to give some extra service to your customers, giving them your unique company tokens. Maybe you are a Nederlander like me and want the Nederish community at Steem to have their own token called: 'Florijn'. Or you want to support fair trade for coffee bean farmers, you could create a token for that! And it could be that you want an alternative community token for the region you live in and call that the Thorn. Sell tickets for festivals, using tokens, just think of all the possibilities, like crowdsourcing, donations and so on...
Now what makes this Steem Community Token system so much different and better than other systems? Well, for one it is the speed, all transactions will be like 3-2-1-DONE! Next it will be just as scalable like Steem itself. And It might be far fetched right now, but it might be that the timing for EOS, the parallel processing smart contract platform, is ready just in time. So its code can be used to make Steem even faster and more scalable. But I have to admit that this is mainly based on my own free association. Yet as part of the Bitshares Graphene code can be ported to the Steem Chainbase code, then EOS could be used in a same way...
So, why not just use Bitshares and its User Issued Assets? Well, part of the software code will probably be used. Yet, there will be some unique features for the Steem Community Tokens {SCT}. One being that they inherent the properties of its parent, Steem. They can be used as 'Tippies', tokens used to tip others. There can be a reward system attached to them. This is great for localized communities like the one from Nederland. When they would get Florijn rewards! This opens up a whole new market, also on the Decentralized EXchange/ Internal Market of the Steem blockchain itself!
This will trigger a lot of peoples imagination
Well, it did for me, while I was listening to the NED-TALK hosted by SteemSpeak. Wrote down a lot of notes, and while I did it became clear to me that this would have Steem outdistance the competition once more. Just when I thought Steem had reached an innovation limit, this great news got shared by Ned Scott. And SteemFest2 is scheduled for november 2017. While the whole cryptocurrency market is regaining its strength in a fast pace. Just like the price of Bitshares, Golos and Steem is moving upwards again. These are exciting crypto times. And it seems that the SteemIt incorporated Team still has got a few tricks up their sleeve to suprise us with...
Have a good one!
Steem Issued Tokens, the next game changer!
image cc-by-sa @oaldamster