An income source within an income source within an income source

in #steem6 years ago

Not to get too inception-y in this post, but right now as I was sending out some delegations of my Steem Monster cards it kind of hit me. This is probably not something that will only relate to Steem but for sure we were one of the first blockchains to offer these alternatives. I imagine others with similar technology and Ethereum playing catch up on their way of proof of stake and blockchain security will get there at some point as well.

It's safe to say that there are a lot of traders in this space with many more to be joining come next bull run, looking at liquid Steem on exchanges it becomes quite obvious that many are buying up the dip and Steem is looking good for distribution spread over so many big and popular exchanges from all over the world. A percentage of these traders me be a bit more short term oriented and at some point realize their Steem gains which means new users get the chance to buy these tokens - distribution on exchanges. Maybe a percentage of these will know what Steem actually is, what it does and more importantly what it lets you do on the blockchain. It's no surprise that traders are at an disadvantage, if many of them are planning on holding for longer than 3 months they'd be much better off powering it up even if they instantly initiated a powerdown, they'll get inflation from their vests (which by the way is getting awfully close to 1million vests being exactly 500 Steem). Depending on how quick these swings occur the traders may be the ones eating the loss cause those that have powered their Steem up have grown their stake relevant to price, so they may still be at a profit while the traders with the same amount may not.

Then there is also curation, a percentage of the investors powering up may realize that there is a way to earn through curating posts, maybe a percentage of those set up a voting bot or follow accounts through a service. Then there is posting and curation, a bigger share for sure than just curation. Now there is also delegating to bid bots/distribution bots/leasing which will give you a much bigger return than both previous ones. How big of a percentage of investors do you reckon know about that part? Well, not many is my guess else there would be a lot less liquid although the reasons to that could be a lot of other things as well.

Now with SMT's on the horizon and services front-running that and projects creating their own virtual tokens while waiting for something like SMT's are popping up on a weekly basis. Will there be a time when delegating to dapps will prove to be more profitable than self-voting 100% of the time? It is not impossible. It will be a battle between the demand for Steem and the demand of Steem to invest in this dapp that is giving better returns than Steem is despite the fact that the dapp itself is causing Steem demand to rise. It's kind of crazy but at the same time beautiful.

The age for miners and developers is slowly coming to an end on the Steem blockchain, even though the advantages were big at one point and to some degree will continue to be impactful to those who held or continue developing, we will be seeing an age of investors slowly make their way here. There are not a lot of other blockchains that allow you to invest with the rewardpool without jeopardizing your Steem investment. The traders will of course trade like they always have, with most coins they will continue seeing similar returns as they have previously but they may not see something like Steem coming and by the time they start to understand why and how after taking a deep dive into this rabbit hole that only keeps on going deeper they will have realized what they sold prematurely at $0.50 or $1 or $10 without being able to do anything but FOMO in.

Steem is really interesting, although currently and for some time it may be a disadvantage to it's price and marketcap position that it constantly is printing out Steem unlike many others that cost you a lot of electricity and hardware to give you those rewards, at some point the advantages will outweigh the sell pressure that exists today and investors may find themselves not being able to purchase as big of a stake as they would do with other projects they are interested in. Steem is going to feel very scarce even though right now it doesn't and people sell it like it's water. ;)

So to get back to my edgy title, can you already see it?
Being able to delegate and earn passive income from ingame items may be one of the first signs of what is coming to Steem. Can you imagine dapps that will have their own token, where their token has its own tokens all giving you passive income in one way or another. Including adrevenue and other income sources that don't rely on the reward pool but depend on how much stake you are providing. It's gonna be a mess, we will all need a service to determine what to invest in cause we won't have the time to possibly be able to follow everything that is going on, no chance. What are the limits, when does it end, is there a cap?

A lot of people have for a long time underestimated this technology but things are changing and they are changing quick. Money and value will never be the same, automation and being rewarded for being human will also change completely. We will look back at days like these and think of ourselves how idiotic we were similarly to how we today look at the past and reminisce the same way. What we thought had value and what we thought was money is going to seem quite ridiculous in the future.

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A lot of people have for a long time underestimated this technology but things are changing and they are changing quick.

One of the best quotes I've heard recently on new technology. In the short term the effect of new technology will always be overestimated and the long term effects will always be overestimated.

One thing I've noticed with SteemMonster delegations and the creation of Steem Engine tokens is I'm continuing to focus and branch out more on Steem.

What I mean is I can still reduce my risk by supporting multiple projects ie Steemdice, OCDB, SteemMonsters, etc. while still keeping my money within the blockchain.

One thing I've started doing is using my passive income from OCDB to invest in cheap SteemMonster cards and will probably do the same for Steem Monster tokens.

I'm guessing you meant underestimated the second time in the first sentence.

Yeah I am happy with @ocdb not just cause it's helping distribution but it's catching up on the ROI we who did not want to support bid bots and their owners before. Now they don't have as much of an edge at growing faster than the rest of us. Still sucks that curation has become such an altruistic activity and hoping it will change at some point, though.

Yeah you are correct. Long term new technology is always underestimated.

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What are SteemMonster tokens and how do I get some?

steem-engine.com. The only tokens available for SteemMonsters currently is Alpha and Beta packs that have been tokenized to assist in buying/selling. You send the packets to the platform to sell and those that buy can send them back to there steemmonster accounts to open.

Hello, I came here looking for a "how to" on how to lease monster cards. I didn't find that but I did enjoy my stay on your post anyway.

I agree that steem will seem scarce soon, and can't seem to decide if I want it to be scarce NOW or if I want to wait a little longer so that I could keep investing at this great price!

I enjoyed your positive views, and also enjoyed reading some of your comments.

Keep steeming!

Just literally means where the money is coming from. For an individual income could be from multiple sources such as employment, investment and welfare for example. For business it's could be from a particular markets, products, customers, investments or government grants.
In my role as a financial planner, I serve clients with varying levels of income. But, my goal is the same for everyone I meet. I want to help rich families continue growing wealth while helping young families reach their financial goals.

Another advantage with steem is that you can easily 'create money' by issuing your own token thus creating a way of generating some interest free capital for yourself!

The idea struck me with agro's announcement about his lease token.

This doesn't of coursr guarantee demand for them, but it's a subtle way of reducing dependence on fiat for sure!

Posted using Partiko Android

For a once off, $10 charge, you can play a game that'll give you assets, once a day.
Most of them will be worth only a few cents, but some will be worth much more.
You can lease out these assets for a small percent of their value.
Every day you play adds more assets. You can choose to use them yourself, to win even more assets each day.
Every 2 weeks you get a big stack of new assets; these can also be leased out or used yourself.
Your income from leases can be used to buy more assets to lease or use; to acquire even more assets.
The sooner you start; the better.

It sure evolves pretty quick and there is less voice of developers coming up and more Dapps booming. Even though I am not in the circle of developers, I can surely feel the change of tide in terms of how people utilize Steem blockchain. Like how you put it, Steem blockchain may slowly evolve and go towards a direction whereby we can earn some "dividend" through owning stakes in Dapp (company) and get distributed passive income in realtime. Without a doubt, it is pretty attractive for investors to look into and put some stake in the blockchain. Nonetheless, time is still needed to have more influential Dapps that could bring in more attention to the blockchain.

I'm already starting to feel like I don't have all opportunities in sight anymore... I used to know all, and now I see an update from some project and I'm like 'oh yeah, I heard about it but forgot to do more research...'

Maybe we'll have fund managers just for organising STEEM-based portfolios for investors ;-)

The only downside I can think of us that figuring out the best ROI and your tax obligations are going to require sophisticated automatic tools.
$rewarding 50% 11 min

Posted using Partiko Android

The ecosystem is now evolving into its own economy! As it expands it will attract more entangled users which will drive value creation.

Posted using Partiko iOS

for this time we no longer need to be surprised by technology that gives us a lot of knowledge about blockchain, maybe the old people still lack faith but we can prove it

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