On Steemit you can make $5 a day just blogging for fun
On Steemit someone can make $5 a day blogging
And I would understand most Americans would think $5 a day is not enough to live. $5 a day is $150 a month. $150 a month means a lot because a human can get their entire food supply off $5 a day even in the United States.
See these examples:
If a Steemit poster can just get $5 a day they can afford food even in the United States. This of course won't necessarily be tasty food but it will be enough calories to subsist. At $10 a day a Steemit poster can afford to eat very well by any standards. When you up vote a blogger on Steemit you very possibly and literally could be paying for their food.
I am from India 5$ per day is good income a small family will survive. When compared to other sites steemit is a great platform for bloggers.
Thats good to know! I have a T-Shirt designer who lives in India. Now I see why he's so excited to do work for me! I pay him around 10.00 per hour Hehehe!!! I'm glad he will be able to survive nicely.
People In India don't spent much but they keep the money for future of their children.
This is why we need to give them the crypto equivalent to compound interest. Dan Larimer can figure out how to do it.
I am fairly positive if you put your steemit into savings, they give you interest
yes, i just checked and although that function was not there at the original launch of steemit, they have in fact implemented a transfer to savings option that gives interest for locking the tokens away.
That is not accurate. The savings option does not give interest. It is just a way of locking up your funds. In case your account gets hacked you have 3 days to recover your account and reverse any withdrawals before it's irreversible.
Exactly the reason why I think Steem Power should be renamed as Savings Account (treat curation rewards as interest, although it may not reflect the value in which the user depend on like national currencies, or if STEEM does well, will turn out to be better).
are you sure? i know it was not an option that existed at the beginning, but the option discusses APR% rates, so it looks like they are building it in.
"SAVINGS
Balance subject to 3 day withdraw waiting period, STEEM Dollars currently collecting 0% APR."
That it states "currently collecting 0% APR" implies that these values could be changed to be >0 and thus the function for compound interest is built into the system, yet seemingly not activated. Obviously Dan or Ned would need to clarify.
SBD collects interest regardless if you hold it in the savings or not (as long as the witnesses have set the parameters of the blockchain to do so). The statement "currently collecting 0% APR" is just informing that currently SBD do not accrue interest.
I agree that the wording is confusing.
BTW Dan is no longer part of Steemit Inc. He resigned his position as CTO several weeks ago.
https://steemit.com/steemit/@lukestokes/do-you-know-your-steem-power-interest-rate
Please read that post with caution, it's a very old one and was written while I was still figuring things out.
The APR % on SBD is currently set to 0. This is a setting the witnesses control. If SBD goes below $1, that number will go up. Right now SBD is well above $1 in value.
If it gave interest I'd be using it and so would many others. They took that feature away which is really a damn shame. Steem Dollars used to give 10% interest and Steem used to be a platform you could retire on.
I live in Venezuela. $5 per day is real fortune in our country! The minimum monthly salary is $16.6. I'm a doctor... A consultation costs $2. Is impossible to charge more.
And in poorer countries such as Africa, $5 a day can be more than a days pay! I am in South Africa and the staff in my small business earn about $10 a day. Steemit has the potential to change people's lives.
10 $ a day can be considered as rich here in Venezuela xD
I have been following the difficulties in your country. Some say South Africa is headed down the same road. In poorer countries Steemit really can change lives. I followed yoy and wish you all the best. 💚
What about further north, still 10$/day as standard?
I would say it is considerably less.
This is excellent and deserves translation… which I'll be glad to put here very soon! 😊
Thank you so much for supporting my previous argument in one of my post https://steemit.com/people/@richguy/where-are-the-votes. Since we dont pay for upvoting can we use it profusely to uplift others? In my country Nigeria, $5 a day can feed two adults comfortably. You never can tell what good you have done by just clicking that little button.
My upvote just gave you a gift of Gala and a LaCasera drink. We should have a chat soon bro. Nice to see you here.
LOL Thank you bro. God bless you.
LOL
meep
If In USA the condition is that now $5 dollars are enough to survive on daily basis then think about Third world countries like Africa,Afghanistan,etc there then pennies will be discussed .
That was my point. But no, in the USA you cannot "survive" on $5 a day. You can eat on $5 a day.
Excellent post dana-edwards! thanks =) Actually I´m living in Mexico been working here around 15 years and I can certainly tell you that in small businesses & shop employees don´t make 10 dolls. a day... and if you go to southern states they even don´t make 5 dolls. per day! Mandatory daily minimum wage is around 88 mexican pesos, in US. dollars = 4.5 dolls.!
Right good thoughts and nice blogging.
I resteemed your post as this is good way to convey the message and to help each other.
I love this post. It makes me happy that Steemit can "feed" A lot of people. IT also makes me want to make my diet more simple. Because 5.00 a day on food. Sounds like a nice amount to spend.
When you up vote someone and $5 appears, you've given them a day of food.
It's a little surprising that it's enough even in the US, nevertheless in other parts of the world 150$ is the minimum monthly income, so it brings much more than the minimum on the table.
If we look at the daily reward pool (I think it's at around 56k), get it at a monthly level (56K*30=1,680,000), assuming a steem price of 1$ and divide it by 150$/month/person, we could say that Steem(it) can feed 11,200 people. Which is nice because the amount of effort one needs to put into blogging is less than an 8h job plus it's a lot more enjoyable.
The pay in the US is also less than an 8 hour job too. But in other parts of the world where $150 is enough to survive then it's way better than an 8 hour job.
As far as effort, it really depends on what the topic is. I'm sure blogging about the food you are eating with the $5 a day wouldn't take much effort and could pay for itself.
Changing the world. Normal day in SteemLand :)
I am From Venezuela, 5$ is 1/3 of the minimum monthly wage... Some people makes more money here with 1 post, than the average Venezuelan worker in 1 year :)
Dear @dana-edwards, I just posted translation of your short but powerful text, here:
https://steemit.com/steemit/@lighteye/na-stimitu-se-mozhe-zaraditi-5-dolara-dnevno-iz-zabave
I consider it very interesting and essential for convincing new members that micropayments are not so micro 😊
You are, of course, noted as the original author. Thank you very much
And I have to encourage everyone who can translate this text into other languages.
5 dollar's a day is a full day job where i live now bcuz hyperinflation of the currency..libya