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RE: The Virtue of Selfishness on Steem
Posts are finite and so is the attention span of readers ;)
I'm happy to see people benefit from their work as long as they are not abusing the system. Those I showed have zero interest in the community. Other cases are less black and white.
If someone in Venezuela posts some cool pictures and can pay their bills as a result then that is a win for Steem. They might not have that option otherwise. This is why I want this platform to succeed. I don't care all that much about buying myself more stuff, but should Steem go to $10 I can treat the family.
That's a cool attitude.
I also woke up and had some realizations - the whale / hodlers who have accumulated a fair amount of SP have likely done so during a Bear market -- and then during what can only be described as an economic depressing in STEEM. I imagine that would make people like yourself basically financially conservative.
Whereas myself, joining in the presumable bottom of the bear market don't have that experience of obtaining steem when it was worth crazy amounts.
For me steem started out being worth ~.13-.16 I think.
Different point of reference.
I didn't buy any Steem for a long time, so I was not losing anything if the price dropped. I cashed out when it was a fair bit higher than now, but not at the peak. Then my account was worth almost $100k, but I could not power down quickly enough to take full advantage.
I know some who bought when the price was high, but I think a lot have bought recently when you could be an orca for around $6000. That may seem a real bargain in time.
I want Steem to be open to all and for those who need it most to have a chance of earning. There are lots of business opportunities besides creating content. I'm excited to see what happens.
Yea, that's wild. 100k. That's like my entire ambition for a career. House costs 80k.
When / if they change the power down to 4 weeks, it will cause a sharper peak / decline during the next bull run.
Looks like Orca level is worth 10k now.
None of that really matters to me. I've chosen a career path with limited investment capital at the moment. So, for me Steemit is more about earning SP over time.
Seems unrealistic though -- Like to ever reach Orca level without investing.
Like 8-12 years worth of posting. By that time there will probably have been another bubble and collapse, No telling what the platform will look like at that time.
What's the financial advantage of being an orca?
You just get more people following you, cause they want to be on your good side, so you can offer significant upvotes, and then in turn receive a higher percentage of curation values?