Vlog 223: Time vs Reward on the blockchain - a bigger perspective.
When I wrote stories in 2016 for $0.10 one could easily say that "time vs reward" it was 100% not worth it from a monetary standpoint.
But I enjoyed writing the stories so that made it worth it.
But there is more.
A $0.10 post would back then earn a user 1 STEEM token worth 10 cents.
That 1 STEEM token is $4 today if you kept it all that time.
You probably can already guess were I'm going with this.
If you earn 1 STEEM token with a post today and it goes to $10 or $20 in the future is it worth it?
Now to think like this you need to believe that the STEEM blockchain will go up in value.
If you think this will not be the case, you need to sell everything you earn. That makes sense.
But if do believe it then you need to consider this future potential. Not only when you create today but also when you think about selling.
To get a better understanding of the blockchain and the future potential I would recommend reading the white papers. (the STEEM white paper and the white paper about upcoming SMT's).
It's not the easiest bedside reading material to chew tough but it will give you a better understanding of what's going on this blockchain:
https://steem.io/SteemWhitePaper.pdf
https://smt.steem.io/smt-whitepaper.pdf
Another thing I talk about in my vlog today is a post by user @fyrstikken here.
Everything you do and earn on the blockchain is public knowledge. Including how much STEEM tokens you have.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
wish there was an easier version of both white papers available
like a "dummy version" ?
my ADHD cant handle such a big read sadly
There is actually! It's called the blue paper. https://steem.io/steem-bluepaper.pdf
Ow my! Thank you so much 🤗
in 2016 you had another account, not @exyle?
I remember spending a couple hours to read the Steem whitepaper. It helped answer many of my questions. It also explained how just because Steem is inflationary, that doesn't mean the value of each token will decrease in value as more are created (thanks to Steem Power).
I do think Steem will be successful. At the same time, I am enjoying the time I spend writing thorough blog posts. If anything, I at least improved my writing style.
I tried reading the SMT whitepaper. I understood some of it, but then it got into the mostly programming aspect of it and math as well. I didn't really focus much on those parts but the rest of it was good and made a lot of sense.
Yes it will be great to write the blogs which not only increase the writing skills,which also helps in binding the relations between the steemians .so go for it do your hard work here & you will be rewarded for sure .
Where was i since 2016? ...
I still feel terrible that i discovered Steemit a month ago.
I feel like i wasted 2 good years and i'm still hitting my head on the way for this.
I've read through the white paper. This platform is still warming up!
I don't have fait currency to invest in steem... But when i earn SBD i always try to power up no matter how small it is.
I urge everyone to believe in steem and there future.
Keep Steeming!
keep steeming~!
@gotit can i post in kr comunity ?becuase some told me its against kr communty ? if dont belong to korea ??
Thanks mate :)
No need bashing yourself. Whatever you are purposed to earn on this platform you will earn. Everything is Divinely Timed and Divinely Orchestrated. Realize that anything you would have earned in the previous months, would have been lost to equal what you have today.
Confused?....;+)...Give it some thought.
Peace.
Well said @spiritualmatters
You words speak wisdom :)
Everything is already predestined.
✌!
The same here ... however ... in 2017 (i guess) there was the Steem crash, which lost 95% of its value ... back then it was the third most valuable crypto ... that is actually good for us ... as the the platform is now solid and mature, and the value of Steem is affordable ... a great future is ahead!
Thanks @exyle. This really give people who are just getting started, like me, motivation to keep writing. You are certainly right, the main reason that I am writing on Steemit is because I really enjoy the content that I make (usually neuroscience related). Steemit provides an incentive to continue doing so. There is no other platform where I could earn money just by posting my work. I am also reinvesting everything into the platform and see this as a long term opportunity.
Thanks so much for these videos!
Yes it will be great to spend time on steemit about writing blogs & do comments on the others posts which will make a good relation between the steemians. So never give up,keep on doing your work .
Thank you mate for this motivational post, I believe that steem is one of the most undervalued coins, and powering up is the best investment in steem.
I am quite new on this platform, but I cannot agree more with you on this one.
I always work on steemit to just earn few dollars like 2$ or 3$ per day .which is more than enough for me & it would be 15$ or 20$ in USD .so never underestimate the power if crypto
Wen you show me these things i really think to bad that i did not know about Steem 1 year ago...
I will look at both whitepapers...
Wish you a wonderfull day!
Really i am inspired reading your post . Now i am seeing my steemit future through your post . only 10 cent in 1 steem was in 2016, day by day steem growing up to highest level . Thank you very much for your inspirational post. I earn mental energy reading your post .
I think it's a great help if you have the mindset that Steem will eventually be worth $10 or $20 or even more. It evens out that time/reward curve. But like you, when you were making $0.10 a post, it helps even more if you love the process of creating, and of interacting with other creators. You might not get rich, but you'll have a more rewarding and fulfilling experience.
It´s definitely the right decision to hold to any STEEM/SBD we get, the small amount that looks ridiculous now will be worth a good amount in some years (I usually think in a 5 year time).
Living in the moment is a mistake, especially if you are in so early in the crypto world, if everybody says that the Blockchain technology is something that will change the way world operate, then all of those people are crazy? other than the small fact that many of them are already billionaires just from believing in it.