The ROI, They Cry!
It's Dear ol' Lynds again, and I'm in a ranty mood today I guess so here comes another one fresh off the presses.
Oh we should bend over and take all sorts of junk behaviour on our blessed blockchain because some people need their ROI and if they don't completely milk the rewards pool get their ROI then #Steem will go to negative 10 cents and we'll all get the plague and die.
Here's the funny little thing about that myth.
And I do mean myth.
Are there any other cryptocurrencies that you can use as your personal bank account without having to dent your initial investment?
Do you not have to sell a bit of your coin when the price rises to make your ROI?
On our beautiful blockchain, not only do you keep your initial investment (your SP), but it grows interest just by sitting there!
Also if you click three buttons, you can get a robot to vote for you and you can sit on your ars in the Bahamas whilst making hundreds of Steem a day in curation awards.
Say you have a little bit more energy that day.
You can write two or three lines, and press post and make another quick hundred or so!
You Want ROI?
Power down for a week maybe?
Or permanently.
^^^^^^^^^
Everyone at the thought of a so-called 'Whale' or "Orca" powering down permanently.
Well guys, what the fuck?
Do you really think the blockchain will die?
Only if YOU die.
Only if YOU give up!
If Steem goes to 1 cent. Guess who's buying?
ME! And YOU!! (If you actually give a fuck that is.)
If They all powered down and left, sure, we will take a hit at first.
Okay, before you panic and get trig'd again ask yourself, why are you trying to financially live off of this brand new, and basically untested blockchain anyways?
Check yourself before you wreck yourself.
You want investors in.
Well, wasn't @ranchorelaxo just a Peach.
And you can thank everyone who pressured and pushed and harried their bullshit, because if we didn't, by now there could be 100 more @ranchorelaxo's and Steem really would be at 1 cent.
I could be completely wrong here on a lot of shit, and it's your duty to enlighten me in the comments.
Nice rant!
I still hold that a bunch of these people are misguided and have missed the whole point of "investing."
People don't buy Intel, or MicroSnot or Apple stock to get a daily payout. They buy that stock in the expectation of a capital gain. You buy a stock today at $5 and sell it in three years for $100, if all goes well. Most new industry stocks don't even PAY current dividends, and certainly never enough that you can hope to make a living from it.
What's my point? Treating the income part of Steem/Steemit as the primary gain is lunacy. Your stake is ultimately where your primary gain should come from. Unfortunately we went down this weird rabbit hole where everyone is obsessively focused on tomorrow's rewards. WTF, over?
And it may be that the price of Steem will have to decline all the way to the point where "current income" becomes meaningless, and people (individual contributors) instead gradually become the major stake holders, not "investors" or "app developers."
I think Ned & Co. sort of missed part of the point... it doesn't matter HOW many great apps you have if there's nobody using them at the "retail" (end user) level.
=^..^=
boom boom.
I'm not worried about whales leaving. There are a few that I know that are pretty cool, but others? Ehh, the blockchain will go on. A certain whale rage quit not that long ago, and steem didn't even blink. Of course, he still runs his bid bot here, and has someone running his witness node, so he's still making profit from here. We just don't have to deal with him as much.
Tons of people have quit and gone inactive in the last year. Maybe some of them will show up again...but we kept going. Did any of us really even notice when various whales just stopped posting for months on end?
boom.
Well I am not really making any $$$. However, I have made some awesome friends and even received a few gifts. I have learned a lot and NAH this wont die. It might dip and dive, but die..Never. So a bunch of peeps left. Have we run out of people in our world of 6 Billion. NAH. There are always more. When one door closes another one opens. All good things come in 3's as well. So there ya have it. Call me Pollyanna. I am real tired of the sad faces that abound us. :)))
Steem didn't die when Ned recently powered down, and he had a big power down, didn't he?
And yes - Steem gives WAY better returns than any savings account, Roth IRA, retirement plan, whatever - does. And if you say, "well, not as good as some other cryptos," - maybe not if you got in on Bitcoin when it was new and you didn't lose everything on MtGox, but otherwise, we spike when BTC and all the others spike, and crash when they all crash, but my BTC wallet doesn't get bigger if I sign in to Coinbase and do transactions - I LOSE BTC for doing transactions. How's that for ROI?
I'd rather Steemit was a platform for my friends and other average Joes to be friends and build up our accounts the fair and social way, than a haven for a few privileged jerks who treat it like their personal litterbox. If they all flounce, it might take a hit - but it will be filled back in by normal people who need an opportunity, not people who spit on opportunities for not being like winning the mega millions lotto.
GD, if I had their SP and could make a few hundred a damn DAY by spreading some money around to others at no cost to myself and writing a blog?? I'd be sitting pretty and loving being able to spread the wealth. Even if I made a few hundred a WEEK, damn, that shit is life changingly awesome and a SUPER ROI. If that's not good enough for you, then what will be? That's pretty much the principle of having wealth, isn't it? Not spending your capital (your SP), but earning a living income from the interest (your posting and curation)? What more could you want? And if cryptos moon again - well then, you can cash out and buy your lambo, if that's what floats your boat.
Interesting. I hope Steemit don´t die because I have had fun using this platform and knowing/reading people as you, I have learned lots about crytpos and it doesn´t matter if I earn 0 or thousands ( could be a great help I don´t deny it ) but I keep those cool moments I have been thinking in what to post and how I present it and seeing people voting. Hope Steemit can stand and be better day by day!
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It's good to get shit out there and off your chest. I hear yah.