Im not sure what being the top1000 SP holders on STEEM can really mean. Perhaps being top50 would be a big deal ....
@crypto.piotr _source

This was a comment in reply to one of my comments on @felander's post on his 2-year Steem anniversary a couple days ago. My comment was asking him if he ever thought about what being in the top 1000 SP holders might mean one day.

Yes, top 50 would be a big deal. But @crypto.piotr is missing the point.

This is how you do it.

This is dependent on the price of Steem, but I am going to set the value at 20 dollars for this purpose which is currently 80x higher in price than today and, 2.5 above the ATH. Seems high? Nope, it ain't gonna be in my opinion and it is my opinion that drives my behavior - Not your opinion.

So other things remaining equal is my 50,000 SP. Currently, 50K delivers a 70 cent vote but if Steem was 20 dollars, it would be a 56 dollar vote - 10x56 = 560 dollars a day. I can definitely live off of that. However, that is not the point here that @crypto.piotr is missing.

Many could live off Steem if they have stake and they don't need anywhere near the stake that I have. As I have said, steem is becoming an investor's wet dream as it allows for investment without risking the capital at all.

The pool is currently generating and distributing about 26 million Steem a year and while that is worth a disappointing 7.5 million dollars a year, 20 dollar Steem would make that 520 million dollars a year.

520 million dollars of potential.

Are you seeing it yet @crypto.piotr?

You see, while some people want to live off of Steem directly, some smarter people will use Steem to invest into and bring in businesses on Steem. This will both increase the value of the tokens they hold as well as give a great deal of incentive for these companies to build their startup or onboard their established services onto Steem. This will in turn bring in more users and inspire more business ideas to develop on Steem as well as raise all the STeem boats with the tide.

The Steem blockchain is by default design arranged to be perfect for direct stake investment and calculation of staked ownership in various experiences, but of course, you might see a problem. My 560 dollars a day doesn't go far does it?

But, my brother @galenkp has 11K so that is another 100+, @felander has some 15-20 so that is antoher 200, @acidyo might want to get in on this and add another 1000 to the daily pot and suddenly we have 2000 dollars a day or, 700,000 dollars worth of Steem available per year. That is 4 of us and only 3 of those are currently in the top 1000 accounts.

See it now @crypto.piotr?

Yes, those top 50 accounts are going to be enormous and users like @theycallmedan are going to have so much wealth that they won't know what to do with but, do they will. I know dan is the kin of person that likes to research and invest now, what will he do when he has 12,000 dollars of vote a day (that is just on his main account) to place for investment purposes? 7 days a week, 365 days a year.... 4.4 Million dollars a year to invest without having to risk his stack.

Fuck. Yeah.

 
And, he doesn't have to invest alone as while I might not have the stake he does, he might not mind if I tag along with the 200,000 I would have a year and also support some of the investments he supports. How many will follow one of his picks for a bit of stake in a future unicorn - and not have to risk their principle?

Living off Steem isn't living off what comes out of the pool (although many believe this and once upon a time I did too), living off steem is building the stake to solidify the blockchain and then using it to empower the Steem blockchain to become the entrepreneur's and the venture capitalist's dream come true in so many ways. The income streams aren't from the Steem pool, the income is going to come from the startups and businesses that the Steem community invests into for a percentage return.

People are buying into coins at the moment and looking to gain which is great - for now - but what needs to happen is that people need to start investing into businesses that are going to leverage the blockchains and the capital available and provide products and services to the masses. This in turn drives more users into crypto and the money churns while traditional economies burn.

The 0.1% have played themselves because the new technology allows for mass investment sources of any amount, low to no fees and a supply and demand of what it will actually invest into. It is all opt-in and the market will decide the success. Why would any small to medium business sell a percentage to a bank when they can get much better terms from getting their investment from some of their potential customers and those who will help them succeed in many ways to protect their investment? And once the small and medium utilize the potential, the large will follow as prices increase and now that 20 dollar Steem s 40 dollar steem and the investment potential is 1 billion out of the pool a year.

And this doesn't mention the values of all the other pools operating on Steem either.

There is absolutely immense potential in the way Steem operates to become a mega vehicle for investment opportunities that not only generate a mass of revenue streams for many people, but continually drives ownership outward to the people at various levels.

Currently, we live in a world where 80% of us believe we have no possibility to invest at all, but once people start investing on Steem and work hard toward the future of investment on Steem, that wide community will be able to collect and pool their resources and support businesses at a loal level, instead of selling businesses and resources to the global conglomerates and banks - the 0.1%ers.

In time, ownership and portfolio diversity becomes common place and the supply is driven by the demand of people who have more in the game than just he hunger of a consumer.

While the top 1000 holders are going to have more possibility than the top 1000 *sellers, it doesn't matter what level you hold, the potential to invest it into something that will increase in value is there. Banding together with others means that larger projects can be developed and not all has to go into one, there can be investment spread with different contracts of return and risk involved.

The sky isn't even the limit because, they will be explored too.

But, you might look at the price now, the community now, the interfaces now and the arguments now ...

And miss out on the future.

You wouldn't be the first and you won't be the last to dismiss the thoughts of the passionate idealist and:

be wrong.

 
So, this is how you live off Steem.

Invest in Steem - invest in things on Steem.

 
Feeling bullish?

Taraz
[ a Steem original ]