Today I Earned Steem While Taking my Puppy for a Walk

Okay, she’s not really a puppy. The last time we had her to the vet, she weighed in at 103 pounds. She’s a rescue dog, originally from Kentucky but now living the dog’s life in Minnesota. Part shepherd, probably part hound, and who knows what else.

Bacci spends most of her day in the house. She is very good at sounding the alarm if a child walks past our house. If a dog passes by, she lets it know that she will defend her position as guardian of her peeps against all false claimants.

Oh sure, she gets to go through the animal door into the fenced back yard to do her business and terrorize random squirrels, but most of her time is spent indoors.

Oh, how she loves walkies.

If you stand in front of her and ask “Do you want to go for a walk?” she always tilts her head to the right, raises her right ear (the left ear is typically the more active one), and has an expression on her face that clearly says “You’re not messing with me are you? Because once, three years ago, you asked me the same thing and then didn’t actually take me for a walk because of that phone call you had to take.”

I took a screen shot of my wallet at 6:09 pm just before leaving the house:

My wife and I walked with Bacci in the chilly drizzle all the way to one of Minnesota’s 15,000 lakes (famously, we’ve got 10,000 of them, but the actual number is higher). Bacci was in puppy heaven, sniffing sniffing sniffing and eating grass. What, the grass in our back yard is sub-standard?

When we got back at 6:49 pm I took another screen shot:

While taking Bacci for a walk, I earned 0.01 Steem Power simply because I have Steem Power. That works out to 0.36 SP per day or bit over two and a half Steem Power a week. 130-ish a year.

A few months ago, I did a post (The Steem Power You Earn for Holding Steem Power) showing how much you’re earning for your SP and explained that while it seems that you’re earning interest, you’re really not. It’s actually an adjustment for Steem’s inflation rate. A perhaps subtle distinction, but one that might be important to observant Muslims and anyone else who has ethical or religious objections to interest. If you want to think of it as interest earned, that’s fine, just realize that it really isn’t.

Meanwhile, back at the ranch, that 0.01 SP that I earned while taking Bacci for a walk. As of right now, converted into fiat, it represents less than a penny. But it goes into my wallet and continues to compound.

In @timcliff’s interview with @donkeypong that was posted earlier today, @donkeypong mentions $100 Steem. In such a scenario the piddly little 0.01 SP that I earned while walking Bacci would then be worth a buck and the little tiny bits of SP that I’m earning in a month now simply for holding SP would be worth over $1,000.

When I crunched the numbers in my The Steem Power You Earn for Holding Steem Power post a few months ago, holding Steem Power meant that you were earning 1.947% on your holdings (a snapshot in time, so not a true APR). Using the same methodology, the current rate is 1.969%

This slight increase is misleading. Steem’s inflation rate is constantly falling (8.790% at the time of my post a few months back, 8.712% today) but the rate at which you earn SP is trending down but can blip up here and there because of changes in the virtual_supply/total_vesting_fund_steem ratio. A nerdy explanation of why is in my earlier post.

In other news,
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