Thanks for this post. You really explaned the whole thing about the composite effect of interest on steam power plus way more!
RE: It’s so easy to become a millionaire with Steem
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It’s so easy to become a millionaire with Steem
I’m also explaining to Steemians that hypothetically they can get enriched with methodical daily blogging effort; and it isn’t required they earn $100s per week on blogging in order to hypothetically become wealthy over the long-term with Steemit.
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well no. not really... what youre really explaining is that if that if Steem increases in value 1000%, and they make SP by blogging, then theyll make a ton of money. But the first part of the parlay is key. And i know i know research math graphs linear bipolar transinduction algorithms you know its going to increase for a fact. But you don't. Youre making a guess. Is it an educated guess? sure. But its still a guess. this article from early 2014 also has a lot of experts making educated guesses about huge gains (including the litecoin guy saying $5k for LTC). Point is, guesses like this should be taken with a grain of salt. And an increase in the value of a currency already coming off a 2000% increase should be considered the icing, not the cake.
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