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RE: Has Steem Actually Impacted My Life?
I like the description "productive hobby". When I see full timers who aren't top devs, witness or perhaps in the future community leaders, I wonder...not a life for me.
It also depends on where you are located.
I'm sure for most people in Western countries, they make more money working at a fast food place an hour than on Steem.
Good point. Min wage is like 8 an hour here which means a 16$ post, more when you consider you aren't getting any insurances or benefits and may have to pay tax or exchange fees to get it in a useful form like money.
So a single 20$ post or an hour at a low wage job?
I know some places it is 8$ an hour.
Even more depressing is the people willing to work for that either have completely incompatible cultural differences (i can't relate much to someone who thinks 8 bucks a day is a sweet income) or low skills (satisfied with minimum wage) which could make post quality suffer (do people who can only find min wage jobs make the best authors? Hell shadow writing, tutoring and translating pays 20~50 an hour). So we end up with good content written by people on spare time and a lot of bad content written by people who are trying to grind a living.
Even at $16 a post, you'd only get like $4 liquid unless you power down everything.
A part of the grind is also due to the volatility of crypto in general.
$8 a day for a year ($2920) is an okay chunk of change, but nowhere enough to survive in a lot of places.
What if STEEM goes to $8 again? Suddenly, it's over $20K (before taxes). While you'd probably make more with other crypto, STEEM doesn't require much capital for you to get started.
I'm thinking a lot of the so-called "bad content" would disappear on their own if the price of crypto in general is more stable.