Why Reward Value Decreasing is a Good Thing!..100 Followers Milestone hit!

in #steemit6 years ago

Not long ago I was glad that I achieved 50 followers in 20 days and 10 days later am ecstatic than ever!
30 days and 100 followers is a big deal for once a nobody like me.
I am very thankful to everyone who followed me and everyone who supported me and my posts with their upvotes and comments :)
This is very encouraging and I am glad I joined this community of awesome people.
Thanks a lot, everyone!
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Reward value is decreasing!

Okay, I need to give some background to make it more comprehensible.
@firepower organized the New Delhi Steemit meet and I joined there to get some very important questions answered.click here for questions

During the meet, I had a very interesting conversation with @sauravrungta (an early adopter of steem blockchain platform from India).
Of all the questions I asked him there was one very interesting part when he asked me :
What is the maximum reward you have seen on any post on trending wall?
Me trying to show my interest and observation skills :P quickly replied about $1500-$1800 maximum. He then smiled and said
"when I first joined the platform the top 10 trending post was above $10000 next 10 were at about $5000 and so on!"
I was like, Are you kidding me? , This can't be!
Trust me I had a very hard time believing it.
Then instantly I thought, this is not good at all. I mean the creative contents we toil hard to write today is not of value what it used to be and we are not rewarded justly!
I kept this question aside and asked almost all the ones I brought with me to the meet and he answered me very patiently.
Thanks a lot @sauravrungta

Why Decreasing Reward value is a Good Thing

I went back home and started thinking how is that possible!
So I opened the profile of @sauravrungta and searched for his first post on the platform.
FOR ALL MINNOWS: He also started just like you did and today he sits on a dolphin/whale level just by posting his thoughts and NOT INVESTING A PENNY. So, you can too reach his level but patience is of utmost importance for that!
You can invest too but that's another story.
Back to the topic
I found his post : Change Makers #1: The story of Nikola Tesla.
He was rewarded with $900.38 for that (Awesomely written!)
The rewards were:saurav2.png
354 SBD and 315 STEEM POWER (This blew my mind!)
We can only imagine being rewarded with such large steem power!
But I noticed something else on his page:saurav1.png
Here SBD is same but STEEM POWER is 83?
Now I understood that this was happening due to increase in the value of Steem token.
The value of 1 steem token on the post date was USD 1.1252 and today it is USD 4.35.
There is no discrimination in posts done by early adopters and new joiners on this platform.
If your content is good you will be rewarded just like everybody!
This decrease in the number of steem tokens rewarded is due to increase in the number of users of the platform and this is a good news for all the users today. Why you ask?
We all know this platform is challenging other social networking platforms and is winning too.
Winning because since you've joined here you are not as active on Facebook as you used too. Are you?
We have north of 250000 posts and comments daily on the platform. Source This number is going to increase exponentially in near future.
The current value of Steem token is USD 4.35 Source
We have around 60000 daily active users on Steemit and with the world recognizing the power and utilities of steem blockchain this number is going to increase drastically.
There were about 6000 active accounts on steemit when @sauravrungta made that post and today we have 60000 and about 600,000 users registered on the platform.
Yesterday we added 3,576 new users on this platform Source
As the number of users increases, we will see the value of steem token increasing and that means even the new account holders with just 20-30 steem in their wallet will be having a great time.

What can we do to increase the value of steem?

If you are not having enough steem power right now but you still want the value of your wallet to increase you should promote the platform amongst your friends and let the word out that there is a social networking platform that pays its userbase to post creative contents.
You should post awesome original contents and once rewarded for those you can tell your friends what you have earned to clear their doubts.
Instead of always withdrawing SBD you can convert them into steem and power up as this helps in increasing the value of Steem token and also increases your power over the platform.
People from India may have noticed that Facebook has started broadcasting commercials on television.
There is a storm coming in the Social networking space and Facebook and others are dying a slow death.


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If you like my work kindly resteem it to your friends. You may also read my recent posts:
Battle I lose everyday but HE won!
Why Ripple-XRP is not your enemy right now!
New Delhi Steemit Meet -2018 : Key Takeaways

Thanks a lot for your time. Upvote if you found it helpful

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Congrats bro. I wish i too soon cross 100 subscriber. Bro bot vote helps you or not?

Thanks a lot :)
Yes, I guess bot helps in a way even if there isn't any profit but there are values in your posts and that helps potential followers to come and get some curation rewards.
Also, it helps in putting your posts in hot page and that sometimes turns into trending page post too.

BRo i send 1 SBD to jerrybanfield but till i get noting. Can you explain me why it take time to resteem my article or Upvote. I didn't get any response from him.

You should try using steembottracker.com here you can see when a bot will vote and it takes about 2.5 hours for a bot to vote again.
when you select the bot you can see the beneficiaries of the upvote in details tab
I can see it will vote you in 7 minutes

Thanks bro.

You are rocking man. Your post is really very good. Keep it up and one day you will get, what you want.

Thanks a lot, sir
I hope the same thing for you too :)
May the Steem force be with you :D

Oh my! You must have spent hours looking for all this data! lol.

But your observations are all on point. It will get more and more difficult to accumulate Steem if it's value increases in the future. Who knows, one day, it might be like bitcoin and we would be sending each other 0.0001 steem or something like that. haha!!

It was in 500+ page in steemd :D
I just had to know the reason behind it and it was worth it.
Definitely, as the number of users increases the value of steem will go through roof and because of its parabolic popularity as of now am pretty sure the scenario you mentioned will be true pretty soon :D
It wouldn't have been found if it wasn't for the time you gave me the other day.
Thanks a lot for your input.

I liked you post and upvoted it.

interesting submissions, warm greetings from the gayo plateau.

Thank you :)
warm greetings from India.

Thank you for collaborating with me to promote this post as explained at https://steemit.com/steemit/@jerrybanfield/10-ways-to-fund-a-steem-growth-project.

You got a 1.13% upvote from @buildawhale courtesy of @thethinker007!
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congratulations

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