Shifting gears on Steem

in #steem5 years ago

Over the last few months I have been struggling to find time to perform all the tasks I need to do as taking the new job has reduced my "free time" by 160+ hours a month.

The benefits of working are that while my wife has had her study income removed, I am able to pick up the slack and also slowly cover a business income tax debt for 2018. While I could have done it with crypto, I think the lower cost is to get work plus, there is more opportunity than the money in the company I chose to work for - a lot of it tied to Blockchain in the future too.

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However, knowing that this is likely the best opportunity to earn Steem that there is likely to be again, I have continued pushing as hard as I can (without being a toss) to interact and be a part of the community and, continue building my account.

As @mattclarke said the other day, "stake is influence" and in the future I want to be able to influence the platform in various ways. One of those ways is to slowly bring not only people from my company but the company itself onto Steem to leverage the power of the Blockchain for their own business needs. There is a lot of overlap in process and tech and both will benefit from each other.

I look pretty long-term on crypto and steem and the long view for me requires being able to support interactions to drive more value. That means having stake or at least access to stake, but either way, it takes investment in and while I don't have a great deal of disposable income, my disposable time gets invested as often as I can spare it.

Of course, I have other obligations to my family that eat into my time resources also but hopefully, that will ease up once my wife graduates - which isn't that far ahead now.

When it comes to a POS platform like Steem, how we use our stake does matter or perhaps, it will matter eventually when mainstream adoption starts taking place. Those with stake will become more sensitive to the value of it as earning it will not be anywhere near as easy for most meaning that to increase the evaluation amount, price will need to increase too.

At the moment, Steem is "pretty easy" to come by and that is likely part of the reason so many people don't mind selling what they get. When demand and competition on the pool increased however, people will look for different ways to earn which will also likely mean that less voting on individual content takes place with Steem and instead it will go to projects and initiatives. Rather than contributors being left high and dry however, they will be better rewarded through application tokens.

As I said at Steemfest3, at some point SMTs are going to start having their own events that are largely not steem related directly. @Steemmonsters Fest, @steemhunt conferences, @actifit gyms and @appics meetups. There will be two core levels of investor, those that invest into the platform development and those who invest into the platform content. It is already starting to happen on Steem and will be normal process for the applications.

I am trying to get into a position where I will be able empower applications in their development so that they have the best chance of building strong use case and compelling experience for their users and clients. In turn, their users will have access to applications and platforms that empower them to interact and create in the way that works and is the most enjoyable for them, the individual.

If I had used my stake to cover my expenses and debts, it would have made life much easier now but it would have likely applied stricter limitation on my capability to support in the future too. This is a trade-off and game decision that I hope will pay off in the future.

I also think that I am not the only one making this play as there are many buying in and while they might not be as clear on their future activity as I currently am with mine, in time many of them will develop a position that creates win/win situations for both themselves and the community. As it gets harder to earn and buy in, it is natural behaviour that behaviour will change and hopefully, it will lead to actions that look to create values rather than extract them.

I believe this place is going to change significantly over the next 3 years and it will become much more useful than for just earning a little Steem on. Earning some now however, is a wise move in my opinion.

Taraz
[ a Steem original ]
(sent from phone and it took forever to get her down for a nap today)

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It is ridiculously easy to accumulate Steem at the moment. I feel like it's the prime time to do so. The question is - how much will be enough?

I have no intention of cashing out to FIAT, but like you, won't have to when the time comes. :)

Don't burn yourself out!

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Don't burn yourself out!

My boss is worried about this for me - and she doesn't know what I do when not at work :D

"you won't have to"... someone just watched Bitcoin and friends part 1 🤣

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I continue to press hard now to accumulate Steem by purchasing and engaging given the current opportunities that exist. However, I have been purposefully allocating a portion of the SP to delegate to projects and participate in those I enjoy like Steem Monsters. I have been preparing my first quarter report and in addition to realize the amount of transactions increasing with my stake, I have seen how the key remains creating content which provides an opportunity but risk as we try to balance our efforts in the future. I think that as more join, the authoring piece will be diluted so we need to be prepared to adjust!

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I think that as more join, the authoring piece will be diluted so we need to be prepared to adjust!

Yep, there is going to be a great deal of spread increase later so it will take time again to find a new normal. Those with stake will be able to support themselves and many others but hopefully, they won't just stop at the themselves part :)

Your plan is like my son's, @broncnutz. I trust you both.

There are a few out there and I believe the group is growing. As it grows, the higher the likelihood of success as there are more aligned incentives working to compound against each other. At least, I think so :)

I am guessing (hoping) Steem and Steemit are much higher when I retire in 2 years, and will provide additional income. Thats why I have hit the throttle on my account today while you say, accumulating steem is easy. I have a daily goal of new Steem in my pile.

Thats why I have hit the throttle on my account today while you say, accumulating steem is easy. I have a daily goal of new Steem in my pile.

I have been goal setting for a long time where I look to try and devlop skills, approaches and relationships that support my long-term vision. It isn't always collection related of curse but there is often overlap.

I'm waiting for the day that even 500SP account becomes strong enough to make someone's day with an upvote.

At the ATH of 8, 500 SP was delivering the equivalent vote of 8000 SP now - around 23 cents. That is 2.30 a day and in some places in the world, that is twice the average daily income. Of course, in other places it is half a cup of coffee. It doesn't have to climb that far to make someone's day and even now, that vote can bring smiles to faces.

Yeah, I agree~

It doesn't have to climb that far to make someone's day and even now, that vote can bring smiles to faces.

Thanks for the shoutout :)
The more I think about it, the more I'm coming to believe that Account creation tokens are going to be the dark horse.
When we get a million people a day trying to jump on-board; they're going to be incredibly difficult to acquire.
Steemmonsters has 443 currently.
What happens when Jim Parsons or Wil Wheaton tweet about SM and 10,000 new players want to join all at once?
It won't take the newcomers long to find and exhaust other dapp's stockpiles too,
Guys who are playing now and trying to get their friends enthused about a $10 starter pack will be trying to win tournaments where the top five players win an account creation token, like Willy Wonka's golden ticket.

I agree with the account creation and have been collecting what I can and very son I will have my 300th. Not many out there at some point. I also see them going into a marketplace where people will bid on them to some extent or, applications will distribute tokens to claim them.

Wow - you have big plans!

I've still no idea how steem might work out for me business wise, I still see it mainly as a blogging and social platform for now.

In an ideal world I'll have enough of a stake to live 50-50 off just steem and other passive-ish investments I've got.

The other 50's already in place, now I'm just waiting for steem to catch up!

I'm not too fussed about being a major influencer. Middle class suits me just fine.

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I'm not too fussed about being a major influencer. Middle class suits me just fine.

I have a feeling that in time, you are going to have your influencer hand forced and do various things that suport the platform. For example, if I am able to pull off what I want later, you might choose to back it also and therefore, be influencing the future too. :)

I believe 3 years is even much for me to see this place changing. I see this place changing significantly by the end of 2020. I see you have great things ahead for steem. Slowly you shall achieved them

the real changes will be a decade away :)

Life is a series of opportunities and ultimately compromises as well. Steem will continue to grow and evolve with many more yet Unthoughtof projects to blow our minds. I can’t wait to buckle up and enjoy the ride.

Steem will continue to grow and evolve with many more yet Unthoughtof projects to blow our minds.

This is the other thing that many don't consider, the unknown that is to arrive and there will be plenty of it I think.

What can I say, the platform is getting to that phase where holding enough stake and not even your contents will buy you relevance really, howbeit, let's earn as much as we can know the steem stratosphere will change soon and we need adapt, I love your plans to bring the guys from your company

The people with stake will have more and more influence over the applications and the way the communities grow and change over time.

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