You are viewing a single comment's thread from:

RE: What would you do if you had 1,000,000 steem power?

in #steemit6 years ago

1,000,000 SP represents over 10X my current net wealth, which is in USD. I am about 20 years from retirement.

It would be unwise for me, or anyone, to invest over 25% of their savings in highly volatile markets.

Therefore, my first act would be to withdraw 750,000 as fiat currency and invest in traditional businesses. Having a physical product is important, especially as I am looking to retirement.

With the remaining I would (1) invest in a wide variety of DApps. The DApps must be truly distributed and preferably aligned with open sourse standards. I may also work to port existing Apps to the Steem blockchain. For example, BitChute is a torrent based video sharing site. Combining their technology with Steem would be a good pairing. (2) I would invest in an advertising campaign to boost the visibility of steem. This would be an off Stermit investment, for example advertising in MSM such as television and news sources.

Posted using Partiko Android

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 61821.21
ETH 3068.39
USDT 1.00
SBD 3.84