If you look at the liquid Steem token or the Steem dollar the same can be said about it as for any other crypto (except bitcoin).
All you can do with it right now is send it from A to B or trade it for another crypto. You can't use it in 'the real world'.
In the Netherlands, for instance, it's only possible with bitcoin to buy goods and services.
But unlike the bitcoin blockchain wich is purely used for sending bitcoin from A to B. The Steem blockchain has a fully functioning social media platform built on top of it and it's also possible to send Steem tokens from A to B.
It's also built on superior technology. Bitcoin has a 10-minute blocktime, Steem has 3 seconds. This means that when you give an upvote (this is a transaction) it's always confirmed within 3 seconds. And unlike Bitcoin, a Steem transaction is for free.
Now given enough time to grow. (and remember Bitcoin has a 7-year headstart) wich of these two is more likely to succeed as a social economic ecosystem.
Future
I guess for most the Steem blockchain is just a platform where you post blogs and have a chance to earn Steem tokens doing so. But for me, there is so much more. But you have to have an open mind (and a little bit of faith :) )
A social economic ecosystem is what is needed in my mind to make any cryptocurrency a success. And that's what you find here.
To get back to businesses for instance. I have no interest trying to find businesses that use Bitcoin so I can buy things I need there.
I want to look for products and services I need on the Steem blockchain in the future so I already know for sure that if I find something I like I can buy it with Steem dollars. I also want to buy from reliable sellers so interaction with other users is useful for that.
When more users join that understand the power of the Steem blockchain and get more faith in the currency it will be used more and more for monetary transactions in between businesses and users without converting it to fiat. And it's worldwide.
The problem with most people I have realized is that they have no patience. They all want instant gratification. They hear about 10 cent Bitcoin that is now worth $2300. And they want it now. But that's not how it works.
Same goes for the Steem blockchain. There is a lot I would like to do with my Steem tokens I can't do today. But I have a good idea about what the future will look like. That's why I stay invested.
This is what it means to invest early.
I believe development will take place there where the users are. And the users are coming.
The steem blockchain is just over a year old. The moment I saw it I knew it would be a game changer. The social-economic aspect was key. But I'm also a very patient man. I already know it will take years and years for this thing to completely develop. And that's fine. Rome wasn't built in a day.
