@Jerrybanfield I don't know how to get your attention but if you see this can you read it and bring it to the attention of the founders please. I'm quite pissed off about the whole situation as an investor in steemit who is constantly being given financial misinformation about the impact of joining steemit and how funds are distributed. Why you? Because I joined on the strength of some of the mis-information you posted (without realising it was false - but that's exactly my point!!) in one of your videos about the high interest rate for steem power (as well as some of the other reasons for joining). Thanks. https://steemit.com/steemit/@katythompson/to-the-founders-ned-and-others-quick-wins-to-make-steemit-less-complicated-for-newcomers#comments
The inflation rate for steem is the same for everyone, so the only way to profit on Steemit is either:
Watch steem as a coin rise and everyone's steem power/SBD is worth more (but you could just buy & hold and not join steemit for this).
Earn author and curation rewards - which is 20x harder to do now than a year ago due to growth in number of users. The amount of rewards distributed is fixed, so we have more minnows competing with each other for upvotes, and the value of each individual upvote is reduced (unless steem value rises - but you could buy & hold in #1 to take advantrage of that).
Authors like Jerry have huge followings and a ton of past content on other platforms (Youtube, Udemy, blogs, etc.) that he can recycle here. So someone like Jerry will be successful and can earn $200-500 per post. The rest of us have little chance to repeat that unless we build up a large following. It can be done, takes hard work, and you compete with the other 200k people trying to do the same.
Great info to know - thanks for educating me on this - we all know that Jerry ROCKS!!
jerry and we all are oxygen of steemit please be positive result will come
Hey @katythompson, Im not sure what you are talking about. I checked out your post and your profile and you said that Jerry got you to join on steemit but you have been a community member about 8 months longer than @JerryBanfield.
You spoke about interest with steem power, however, there are situations such as hardforks and I am uncertain if the developers of Steem update the white papers based on these hardforks. Essentially the interest you are earning in SP is based on what you are contributing to the community, Voting, Commenting on other people's content. You have 283 post (at the time of this comment). These posts are your Content creation as well as commenting on other's content. I would encourage to upvote and contribute to other's content if you are really looking for a true investment.
Cheers,
Albert