Steemit is the New California
I see lots of posts about somebody getting rich on some silly post. People think it is outrageous, absurd, and unfair. There is a hint of jealousy out there in the blogs. Okay, more than just a hint. There are thousands in the Steemit community with one thing on their mind. Money.
The worry, by many of us who want this platform to succeed, is these members may flee when they realize they will not likely make fortunes or become famous. I see calls for boycotting posts so they don’t get too large or changing the system to distribute the wealth more evenly. These ideas stem from fears that the future of Steemit will drain away based upon the frustration of users not getting rich.
I think the Steemit story will turn out a bit different. I see it as the next California.
California was originally an unpopulated and largely unknown territory. It really only took off when gold was discovered in the foothills of the Sierra. It was the gold rush of 1849, where people migrated by the thousands to strike it rich. A few did, but most did not.
However, an odd thing occurred. People liked the area, weather, opportunities, and community. So they stayed.
Today, California is one of the most progressive, innovative, powerful, and incredible places in the world. All because people came out to "strike it rich."
So Steemit, could be the next California. Early settlers come to make their fortune, but most will realize it is not to be. Then stay to be part of the community and gain different benefits. Maybe a new place to call home.
Your post is great but Steem is absolutely nothing if you take out the gimmicky payouts. It's also a blatant scam, they are diluting the wealth slowly, anyone with a brain and who do some research knows this already. The whales and early birds will be getting theirs as long newcomers keep throwing money and powering up. You may ask, but why are you still here then? I'm still trying to get out every single cent, 2 years left. And in the meantime I upvote useless posts that make vulgar amounts. This is actually a good one, congratulations.
lol dude, you're like Ron Swanson, my favorite character on Parks & Recreation (he works at city hall even though he's an anti-government libertarian).
I'm just mad as hell!
But @moonjelly, why are you upvoting this 'useless post'? It is not making vulgar amounts of money! :)
On a more serious note, Steemit (the site, not the currency) value is about the people who are contributing and consuming content. Sure it is all driven by $ at the moment, but there is a tipping point where the people present and interacting becomes valuable. Look at Facebook, Twitter, etc. The value is that they have large numbers of posters, which brings in people who want to see, which drives people to post more.
Steemit could be the same, if the tipping point is reached. Hope you are still around after 2 years (in which case I will remind you of this conversation and smile). ...thanks for the upvote.
The problem is that Steem is not really valuable. Content creators earn Steem (SP) themselves, they don't really need to power up, if they do, they are falling for the trap. Only speculators and traders and maybe some gullible newcomers that think they need SP will fall for it until they don't anymore. Then it becomes a tiny group of wealthy people throwing money around, except Steem will have no value.
There's no inherent value in Steem, the value is in the content if you will. Steem is not needed nor demanded, it will cost less than a dollar in a month or two.
Value is derived by the willingness to accept something in trade. The US currency (the dollar) is also a fiat currency. It has NO material backing (can no longer trade it in for silver at a federal depository anymore). It's value is derived by the willingness for people to use it in transactions.
By the way, in the world today, the top 1% own around half of the money in the U.S.
Then they got stuck here cause you know.
...the baywatch babes. yes, I know.
I am not a whale, more like a sardine. But here, have a cent.
Thanks @skum. I appreciate the 1 cent upvote and your two-cents (opinion).