So, who do you know, Everit, I respect your knowledge here, that has come from a new account recently, WITHOUT buying votes and gotten past minnow status. Can you give me one example?
RE: If There's No Path for Minnows to Become Whales, Can Steemit Survive? 100% of this post goes to@markrmorrisjr to support #dolphinschool
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If There's No Path for Minnows to Become Whales, Can Steemit Survive? 100% of this post goes to@markrmorrisjr to support #dolphinschool
depends on what you call 'whale'
I make a fairly decent amount of money off steem (10K SP + 7K delegation rented)
I started with nothing...and it was HARDER a year ago than it is now.
IF I'd re invested everything I'd most likely have 50K or more.
I chose not to do that. I've withdraw a fair amount of steem and bought stuff.
(paid off ALL my bills...I'm debt free...and bought a few toys)
PappaPepper has done WAY better than me...he's bought a farm with his earning.
an actual farm...in the Ozarks. He made over a 100K last year alone..
He started from nothing...and did not invest.
There are others....I mostly don't pay much attention to what others are doing...I look out for myself.
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No, it was harder for YOU a year ago, because you had 0 audience. I offer you the same challenge. Start with a new account, without announcing who you are, or upvoting yourself from this one, or adding outside investment dollars and get back to me in a few weeks.
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now why would I want to do that?
why would I give up all my hard work ?
$42.775
that's what I've made TODAY...in SBD.
I'm going to buy me some bitcoin with it.
or litecoin..or Ethereum, or Bitcoin cash....
soooo many choices.
then when the current dip is done.
THEIR value will increase.
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not a fair comparison. You established your voice in a much less crowded arena, with fewer established alliances, and much more personal voting and curating taking place. I was there, I know what it was like. I'm telling you, watching these newbies, it's not like it was. On any odd day in Aug 16, some weird kid with 2 followers might and DID make 4 grand on a makeup tutorial. There was more money per user. It was much easier. And all I'm really doing here, is encouraging people to do their own damn voting.
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The price of steem was about the same, so we had the same prize pool, almost dollar per dollar, with one percent of the users we have now. do the math
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and you left?
did you stick it out for months and months while the price of Steem delcined?
for a long time the price of steem was $0.05...and going DOWN.
where were you then?
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Look, Everit. I made more than you. A lot more than you. We started about the same time and I made more than you've got now, in the first five months I was here. But, I had to power down to live life and I have no complaints. But, The truth is, you don't know what you're talking about. We didn't have the bandwidth issues these minnows are dealing with, and we could lure those votes from the big payouts, because they were connected to eyes. I took a look at what you're doing and it's working for you, but, even with 4000 followers, you're only getting 20 votes a post, and averaging $16. So, I'm not sure your the best example. I'm not trying to be rude, but you don't know what you're talking about as far as this being easier to start from scratch now. No way. Not even close. I've done twice the posting I did when I started, since I came back full time, and the earnings have been good, but very spotty and the average post is not paying nearly as much. It wasn't hard at all in the early day to get a hundred or more votes on a page. We didn't have the problem of not being able to cast more than three or four votes and a single post. We were unlimited. So, no, it's not the same. Your approach would work now, but, with 0 followers, you'd be lucky to average 50 cents a post, forget $16, and they don't start with a grant, like we did. They start with a loan and a lot less SP than what we did. Plus, there are 50k of them starting every damn day.
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So, I love how you had NOTHING to say to @markrmorrisjr. Why not?
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Still nothing to say tohim, huh?
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I also started at that time. I barely invested until I was past 5000 SP and even now I am close to even on what I've taken out and what I've put in, I am not an excellent writer. I did buy some votes in the past couple months, but not much before that. I just kept posting and I never took any money out.
It was harder as Everite states, as we didn't have bots and we didn't have minnow projects. Also the reward pool was not as linear as it is now, so the top posts took nearly the whole reward pool.
Quit worrying and build the account. SteemIt is a sink or swim platform. Survival of the fittest.
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Not worried. Trying to convince more fish to swim their own way instead of leasing their power to big dolphins and whales. Here's how it goes, I get you to rent me your power for a small return. My vote goes in before yours and twenty others, and BAM, I get five times what you get, because of my SP (if I'm a whale) Suckers game. Investing that SP to vote for up and coming accounts and building your own syndicate is where it's at for the long haul. Who knows when the whales may stop selling votes? Or the prices get too high?
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I do think minnows delegating their steem power while they are young, is a questionable strategy.
I came here knowing no one and ground my account up, I am now planning on staying here despite not being a great blogger. Why? Because there are other ways to invest and grow my Steem Power.
Why else would I stay if I didn't want to be a blogger when I grow up? (not meant to be said with a "tone"). I didn't picture it this way in the early days, it is what has developed. I agree we have a distribution problem. However, I am fine with the whales earning. The more people who are winning the more attractive this becomes as an investment.
Also, we really don't need to retain people who do not have anything to put in. Either time, outstanding talent or money.
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BTW, it was not harder. Not even close. Talk to someone with a new account now, where they can barely make one or two posts a day and a few votes and comments before running out of bandwidth. That was NEVER a problem in the early days. Sorry, but you're both wrong. It's easier for you now, because you're established, know the ropes, have at least some audience and a vote big enough to provide seed money for a decent payout.
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