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RE: Tokens and Tribes and FOMO
The final paragraph is the reason why i suggest not investing into any of the tribes unless you plan to be there for the long haul.
. In the past week and a half I have basically given the same $ rewards out to people as I would do in the next year of voting with my SP.
How does that work then, without the tokens being massively over-valued?
A few weeks ago, i could give 15000 sports with a full vote, worth a staggering 120 STEEM. It is no surprise to see that my vote is now 15 times less with twice as many tokens vested. 7.5 STEEM for a full vote at current market rate - still insane, further falls to come imo.
well at the beginning of one of these tribes a big part of the seeming overvalue of the vote is just that there are not a ton of votes being cast. Our steem votes would be worth a lot more too if as small a % of the total SP was being used to vote. But of course you are also right that there is some overvaluation. But that is kind of what I am saying, in reverse. There is overvaluation right now. It is awesome to get to take advantage of that and actually be able to reward some quality artists and photographers and writers, and if they want they could exchange that reward for steem right now in amounts that I will never be able to do with my owned SP and miniscule Steem vote. If the token crashes that doesn't take away the amount I have already been able to reward, and how awesome that felt :) I kinda feel like I already got my money's worth.