Many of you might not realize just how much potential the STEEM blockchain truly has. This is what the STEEM blockchain is capable of:
1. Social media
Blogging
Bloggers can make money, risk free. This is already working today! It's in beta so the algorithms aren't perfect, but the system has already proven it's value! Imagine how it's going to be when it's virtually perfect with as many users as Facebook (or more).
Curation
Curators can make money, risk free. By voting on interesting content and being engaged in the discussion you will actually make money! It sounds insane, but it's already proven to be true.
2. Banking industry
Transacting
You can send your money to anyone in the world, within seconds, without transaction fees and nobody can ever block the transaction or freeze your funds!
Saving
Believe it or not, but you get 10% annual interest on your money by holding STEEM DOLLARS. Imagine when the liquidity is enough to keep the price of a STEEM DOLLAR stable within 1% of $1.00 USD. That's 10% annual interest, without inflation!
3. Payment processing
This is a probably a billion dollar industry all by itself, just as we see with Bitcoin. It's going to be the future to be able to pay with something like STEEM that's confirmed within 3 seconds. The key is to make it easy and secure.
4. Smart contracts
This is already planned as you can read in 
5. FOREX
This is the real killer app for the STEEM blockchain in my opinion! The FOREX market is about 500 times bigger than ALL stock markets in the WHOLE world combined! This is what could potentially get the STEEM market cap over a trillion dollars easily. This is why:
Conventional FOREX
- Trading fees and/or commission on trades
- KYC/AML
- Slow withdraws (3-5 business days)
- Transaction fees on transactions
- Market manipulation
- Closed on weekends
FOREX on STEEM
- No transaction fees or commission on trades
- No KYC/AML
- No transaction fees on transactions
- YOU have control over your own money at all times!
- Less market manipulation
- Open 24 hours a day, 7 days a week
6. Governance
This would be the ultimate goal! The STEEM blockchain probably has the potential to replace the governments completely. The STEEM blockchain could probably be used for:
- Improved taxation system
- Insurance
- Health care
- Transfer of ownership of houses, cars and anything else you can think of
STEEM vs Bitcoin
Bitcoin
- Extremely secure way of storing value (money, tokens)
STEEM
- Social media
- Banking
- Real-time transactions and payments
- No transaction fees!
- Smart contracts
- Governance
- FOREX
- And more
Closing remarks
Now you hopefully have a better understanding of the potential of STEEM. Let's work together to realize at least half of it's potential. We all have to thank people like Daniel Larimer and Vitalik Buterin for really trying to change the world! And let's not forget Satoshi Nakamoto, the person or group that made it all possible!