When the cryptos started crashing the other day I suddenly completely realized the real genius of Steemit and the part that seems so overlooked. I thought about Dan Larimer and the rest of the teem that put this all together and marveled.

I realized at that moment that any money that I had in cryptos was subject to sudden loss save one, my Steem Power was relatively safe. Sure the price may drop down to a dollar or slightly lower, but that was probably as far as it could go. At least that is for a two year period in which everyone was dumping their Steem Power. But who in their right mind would herd together and dump all of their Steem Power knowing that doing so would render it worthless long before they could cash out.

The big deal about Steemit then is that the best way to earn money is to invest in it, and if enough people have a large enough amount of money invested here then there is little fear of losing it. So the thing to do is to invest money to make money and to build a firm and lasting foundation for your wealth.

The fact that it takes two years to draw down your Steem Power is the genius part, it minimizes the short term trades and maximizes investors that are here for the long haul. The community is growing slowly for this reason, but it is a sustainable growth that should escalate over time as word gets out and as new and clever apps are created. I'm not making much money right now, but I'm very optimistic for the future and when success does come I will owe it to the very foresight and genius that you have written about here.