[Vlog] 5000 followers; $5 STEEM, $1bn mcap breached; Steem's Decentralised treasury by nanzo-scoop

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· @nanzo-scoop ·
$380.38
[Vlog] 5000 followers; $5 STEEM, $1bn mcap breached; Steem's Decentralised treasury
# New Year landmark

It was only 5 months ago that I did my [very first vlog to mark 2000 Steemit followers](https://steemit.com/vlog/@nanzo-scoop/vlog-2000-steemit-followers-thank-you-now-i-m-stepping-out-of-my-comfort-zone). Now I've kicked off the New Year by hitting 5000 followers. Crazy stuff! One of my aims for the New Year is to carve out (even) more time to engage with commenters in terms of replies and upvotes.

I truly apppreciate only that takes  the time to not only consume my content but to provide constructive feedback (both positive and negative).

# Steeming On!

I can't remember who I was speaking to but a couple of days ago I was musing on which crypto would experience a "New Year's Day" bounce. It felt kind of inevitable.  I had no idea it would be STEEM getting a pump!

This bounce is a great tonic for everyone holding STEEM and Steem Power. Better to start the year hitting all-time highs than all-time lows. 

I like this ATH more than the last for a couple of reasons. Firstly, we no longer have the crazy inflation of over 100% pa. New STEEM is currently being emitted at a far more reasonable 9% pa and falling. STEEM is a lot more scarce and I would expect less sell pressure than last time.

Secondly  the Steem platform has matured in terms of reward distribution. The last ATH saw the top getting rewards in the tens of thousands. As of now it looks like we'll be lucky to see top posts hitting $1k without a significant increase further in the price. This is probably due to three reasons. (1) Whales self-regulating how they reward content. (2) Steem Power being better distributed (3) there being a lot more quality contributors worthy of and receiving rewards.

It's a slow grind and reward distribution is not perfect, but it's getting there. The more people that are on-boarded, the better it will get.

# Steem flirts
I think it is easy to under-sell how many people own some Steem at the moment. I know many people that flirted with Steem for a few weeks, earned some Steem, didn't quite understand how the money worked (or get the amounts they were hoping for) and forgot about it. For many their Steem accounts will be worth 20 times more than when they last left it. Invariably those people will be back posting; kicking themselves that they didn't stick with it and allocate just 30 minutes a day of their social media downtime to a platform that actually gives them something back for their engagement.

# Billion dollar club

Another big milestone hit on New Years day was STEEM hitting a marketcap in excess of 1 billion dollars. This is a great psychological milestone reached.

It seems ludicrous that a coin with 1 million transactions a day is languishing behind other coins that are either little more than a pipe dream or have zero traction in terms of actual users.

# Decentralised treasury

I had some downtime on New Years day so watched a video on Cardano by Charles Hokinson. I wanted to find out what all the hype.was abouy. While it was interesting I wasn't blown away nor hit by any major "ah ha!" moments. It was different/ similar approaches to the same problems. Some of which they were 'thinking' about how to tackle.

One of which was sustainability and funding development/ innovation. He talked about implementing a treasury similar to Dash.

I think Steem has the best, most efficient, streamlined method of funding. The 'proof-of-brain' protocol where the community upvotes content it deems valuable seems the most sustainable way of funding innovation without layers of bureaucracy.

#Β Vlog
Any way here is a vlog I did on this morning. Apologies for the sweating! I had just finish showering after my first workout of the New Year... Although my wife would say I always breakout into sweating fits after 5 minutes with the baby!

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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 128 others
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@anik-hassan ·
$1.96
Thanks . I always feel smarter after reading your posts. Please keep sharing your thoughts. interesting post
πŸ‘  
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@investwarrior ·
$1.96
actually now we can earn much more than 1k$ before, because price of steem and sbd is much higher so even if you see ~300-500$ numbers in terms of  $ its much much more than before. This pump was somekind of santa present for us:D
πŸ‘  
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@nanzo-scoop ·
$0.06
True. The Steem dollar price does mean that the actual value of the payout is higher. However my point here is that the proportion of rewards taken by the top 5 or 6 posts is a lot less than it was during the last ATH.
πŸ‘  
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@faissalchahid · (edited)
$0.98
❀The rise in the Bittrex to $ 5.14 is remarkable
πŸ‘  
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@vic0617 ·
$0.98
It’s normal for you that the steem dollar remains at this high price. Currently 9.6 it’s crazy
πŸ‘  
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@nanzo-scoop ·
I think high Steem dollar prices is the 'new' normal. It will be interesting to see if it lasts with the recent rise in Steem price. This should cause more sell pressure on SBD.
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@vic0617 ·
But I thought that the steem dollar was made to worth 1 USD so to me it doesn’t seem normal but it’s cool for the community
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@miniature-tiger ·
$4.29
Nice thoughts! I certainly think people *(Steem flirts!)* will be drawn back into posting again. I analysed that point for December and already with $3 Steem there was a very significant volume of posters returning. 

It's potentially a virtuous cycle, steem rising, increasing new posters and returning posters, bringing more demand for steem. It's a great moment to engage with people you haven't seen before on the blockchain and make them feel at home!
πŸ‘  ,
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@abh12345 ·
$0.24
@miniature-tiger, good evening :)

Did you spot in any number crunching an increase in 'old' account returning, as well as a rise in new registrations?

Cheers!
πŸ‘  ,
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@miniature-tiger ·
$0.38
Hey Asher! 

Yes, it's in this one - fourth chart down:
https://steemit.com/utopian-io/@miniature-tiger/steem-s-fair-weather-friends-december-update-on-user-retention-numbers

"...we can see a huge number of accounts (11.5k) returned to posting in December after being inactive in November."

It's a pretty large number in relation to the total number of active posters. There's some nice anecdotes in the comments as well from people who have come back to posting.
πŸ‘  ,
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@nanzo-scoop ·
$0.06
Very true!
πŸ‘  
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@aburmeseabroad ·
$0.98
Congrats on 5 k followers, what a great way to start the year and celebrate πŸŽ‰. Best wishes!
πŸ‘  
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@connecteconomy ·
$2.33
That was a great surprise this morning, to see the Steem price!! And you're right about the "Steem flirts" - many might come back and begin posting again. But maybe this had to happen (for them) so they come back with a new commitment to the platform.
πŸ‘  ,
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@nanzo-scoop ·
However the 'flirts' realise that consistency is the key to success on Steemit as it is elsewhere in life. Keep grinding and you'll reap the rewards in the end.
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@dianclasher ·
thank you for sharing, everyone will want to feel the high things will always appear and everyone does not want to bounce the second time.
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@minsoezan ·
it is indeed very impressive.
πŸ‘  
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vote details (1)
@jaguarpawmu · (edited)
$0.99
I'm the new guy on steemit like;
https://www.socialsamosa.com/socialketchup/wp-content/uploads/2017/09/when-its-payday-but-you-make-peanuts.gif
πŸ‘  , ,
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vote details (3)
@stackin ·
Stacks lol
πŸ‘  
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@whatamidoing ·
$1.96
The high SBD and low Steem was great for helping minnpws grow.  I hope it happens again from time to time!  I would love another power up, and to see many others on the platform elevate at once.  I’m still trying to figure out what high Steem will mean for minnows.  It seems the high sbd did more for better distribution of wealth but I guess high Steem doesn’t hurt anyone.  

Happy new year!
πŸ‘  
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@nanzo-scoop ·
Happy New Year to you also.

High Steem price should mean a larger reward pool (in terms of dollar price) and more interest/ users hopefully!
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@whatamidoing ·
And apparently bigger upvotes?  Or is that just because the displayed amount is in usd?
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@yairdd ·
$0.98
This is incredible! congratulations on your 5K followers as well.
πŸ‘  
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@nanzo-scoop ·
Thank you!
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@krismunro ·
$0.98
Really good read and enjoyed your video :)
πŸ‘  
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@stackin ·
$1.00
Finally, we are in the Billion Dollar Crypto Club :)
πŸ‘  ,
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@croata ·
$0.95
Good thing I read your post because I wouldn't have realized that Steem got to almost 6$! I guess this year started better than we all expected...
πŸ‘  
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@lemmybe ·
$2.06
Hahhaa...I'm sure the steem flirts had it well in other coins. One can't just have it all, it's all about alternative forgone. But steem is too precious to just forego like that without having loads of it. Now, just like you, sir, I foresee an increase in number of people coming on-board. Which will continue to be a big push for steem.
πŸ‘  ,
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vote details (2)
@baki87 ·
$0.98
lol , crazy .. i love this crypto shaaaaaiiittt :D
πŸ‘  
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@midural ·
$0.98
What kind of sports do you do? Marathons do not run by accident? 

You have written a lot about money, success and blah blah blah ... As a result, many people try to please to earn money because of all their energy. You measure the value of the user by numbers and rating. Someone is big and somebody is small. I will use this social network, but I do not care about money in this network. And even more - let's ban robots on the Steem-net!
πŸ‘  
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@seniorpower ·
This virtual currency has a very great future that outperforms $ 100
πŸ‘  
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@teamhumble ·
$2.33
i feel that steem and the steem blockchain is finally getting the love and attention that it truly deserves. like you said, transaction level but also the fastest blockchain in the world most days -- certainly feels like a great start to the year. super positive feelings right now! :)
πŸ‘  ,
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@abh12345 ·
Same boat here! Or is it a Lambo?!  Ok, feet back on the ground, for a few more years at least :)
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@teamhumble ·
hmm, now a boat is a nice idea :)
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@tzap90 ·
$0.98
congratulation.with recent price push you just became a Steemit Millionaire.
πŸ‘  
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@nanzo-scoop ·
Lol... I guess.
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@andywong31 ·
$0.97
Congrats on hitting a milestone! And i cant wait for all of us to go to the moon when steem price climbs even higher! See you around man! πŸ˜€
πŸ‘  
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@blazing ·
$1.95
Omg that's wonderful update Congratulations on achieving 5000 Followers you deserve it too no single doubt about it keep sharing amazing content keep inspiring all other steeminas and most importantly keep smiling :D and looks like this is why steem is way beyond its all time hight :D
πŸ‘  
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@walkingkeys ·
$2.22
I remember your first vlog and you are doing great. You had a great 2017 and I am excited to see you grow in 2018. I'm super excited we're in the billion dollar club. I will also be hitting up my Steem Flirts today and tell them to get back on. 

I hope you have a very happy new year and I deeply appreciate all the support you've given me. Thank you!
πŸ‘  ,
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@abh12345 ·
$3.87
Happy new year @nanzo-scoop

I think you hit the nail on the head in the New Years blog with regards to 'growing allegiance' and peoples faith in particular coins becoming stronger.  

> It seems ludicrous that a coin with 1 million transactions a day is languishing behind other coins that are either little more than a pipe dream or have zero traction in terms of actual users.

I'm hoping many have picked Steem, because it excels in multiple areas, and will make 2018 a cracker for us all.

Apologies for not introducing myself at Steemfest, that was a wild ride of 'what the hell I am doing here / this is awesome, I don't know what's going on!'

As my 'punishment', I've curated your blog a little.

Cheers!

Asher
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@nanzo-scoop ·
$0.34
Happy New Year to you also. Hopefully we'll get to speak at Steemfest 3!
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@abh12345 ·
Cheers, good plan!
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@joalvarez ·
$1.93
Wow.  That is so impressive @nanzo-scoop.  5,000 Followers is huge and I think we are just really getting started since I believe Steemit has a huge potential and it will keep on growing and growing.
It looks like you had a wonderful year with steemit and I wish you a much more success in this new year, which seems to be going in the right direction from the start.

By the way your little one is so adorable.
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@olga.maslievich ·
$2.00
Happy New Year, my friend @nanzo-scoop! 
https://scontent.fdnk1-2.fna.fbcdn.net/v/t34.0-12/26234121_527962697577833_843151811_n.jpg?oh=302a1f3276487047ad0d455c411b5344&oe=5A4CCF92
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@nanzo-scoop ·
Happy New Year to you too! Lovely picture!
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@future24 ·
$1.99
Congratulations @nanzo-scoop bro! 
Keep up the great work and Steem On!

http://www.the-blockchain.com/wp-content/uploads/2016/08/steem_success.jpg
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@itwithsm ·
$1.96
congratulations my friend... great work.. God Bless You!!! and fabulous vlog...
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@kid4life ·
$2.05
Congrats on hitting 5K Mahh Man! Many more are coming your way! Stay positive and awesome! Much love! Btw, Happy New Year!:)
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@nanzo-scoop ·
$0.17
Hey! Happy New Year to you too!
πŸ‘  
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@noogie ·
$1.96
Gorgeous intro!
I can totally agree with you - Steemit is growing into the right direction.
The new reward distribution will help for further grow.

Greetings from Hamburg
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@nanzo-scoop ·
Hey - great to see you here again. Hope you are well and enjoying the New Year. Hopefully I'll get a chance to come to Hamburg and visit you and Tim this year!
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@karencarrens ·
$3.83
Hi @nanzo-scoop! Your little girl is so adorable. With her along with your cool accent, great smile and Steem veteran insights, I have no doubt you'll blow past 10K in no time. πŸš€ In all seriousness, thanks for sharing about the early days.
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@mcsamm ·
Great Vlog @nanzo-scoop.You are among the very few ones who make steemit a beautiful place to be...am proud to follow you for more.
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@kevinwong ·
Happy new year @nanzo-scoop. What a ride! Now I'm thinking what i'll do with the SP if i power down if not to buy up SP again.. there's nothing better to exchange it for..  !
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@ridhomaslizal ·
Please upvote me
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@thunderbirdcomic ·
I think a $50-$100 steem is possible in 2018.  Maybe that's too soon.  But it's just such a good platform to produce content.  It just makes too much sense to join.  9% inflation does not bother me.  If will be offset by a wider base of users (both steemit users and speculators who will want to hold the coin).  I also feel the 9% inflation is offset by whales holding steem power, which is deflationary, because that is basically steem taken off the market.   Great article and video. 
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@samiurrehman10 ·
ur little girl is too cute/adorable With her cool voice, brilliant smile,stylish accent  and deep insights from Steem's veteran, I have no doubt that you will reach 10,000 very quickly. :) :)
Thank you very much for sharing this post 
@nanzo-scoop
by the way sir wana followship of your,s so that we can get in touch with each other and appreciate each other contents 
thanks alot if u take it serious and your reply comment is highly appreciated 
@nanzo-scoop
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@jie28 ·
Nice you are a great personality thank you as your one of thousand followers. happy new year.
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@malos10 ·
this was 3 days ago, now the steem pumped to 8 $ , you made more profits from that pump??

Would you say that steem will overpass 10$? like sbd did
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@yaan ·
Hey, was curious and came from @exyle blog.
Congrats with 5000 followers!)
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@gailbelga ·
I am so happy for steem hitting it. I am also happy for everyone who have and will benefit from it.
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@cesargomez ·
muy buen post @nanzo-scoop saludos desde Venezuela, ya te segui espero que pases por mi ultimo post y te guste mucho, saludos.
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@nicholas83 ·
Great post man.
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@anomadsoul ·
You are such a great person to follow, I am thinking about stealing your post ideas and write my content but also vlog my thoughts to make my posts more interesting. Always learning from your posts man, cheers.
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@deegurl ·
Inspiring post..... Thumbs up
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