The TOP Reasons Steemit Will Bypass the MOON and will beat NASA and SpaceX to MARS! (NOT Click Bait)
The saying in the #crypto world is "To The MOON!"
This was used for #Bitcoin and #DOGE and a lot of cool art was created to promote and celebrate the success. The stratospheric rise in price.
#Steem and #Steemit will go further than any #cryptocurrency or #blockchain platform to date. The reason is because of this functional interactive platform where as of right now is making content creators more money than on any other platform.
TOP Reason #1:
It is impossible to keep this a secret from our friends, family and followers.
We are all inherently good people and we want our friends, family, and followers to share the success and fun we've been having on #Steemit.
Stick with me through the whole post and this will all make sense why this platform is paying out way more than any other platform.
So you may still be asking yourself how this platform is paying out so much. Some people are saying this is ridiculous and there is no way that people are making $10,000+ for a makeup post that got a couple hundred views.
You might have even told yourself, "That post isn't worth that much." But the main reasons you are saying that is because you probably realize how hard it is to make money on other platforms through advertising or affiliate marketing.
I have been making money online since 2008 and it isn't easy to earn much even if you get millions of views.
Well I'm going to break this down from a slightly technical stand point and then also in laymen's terms. So if you have been involved in mining we see that the most profitable times to mine are when the prices of currencies spike upward really fast. Suddenly for the people who have mining equipment going at that time are already positioned to exploit a situation where the difficulty on the network is relatively low comparative to the price of the coins. These spreads don't usually last longer than about 6 months or so because the markets balance themselves out. People get excited about mining and jump into that but the prices of the coins are usually likely to correct themselves making it so the mining might not be profitable anymore.
HOW DOES THIS RELATE TO #STEEM AND #STEEMIT?
Think of the "mining algorithm" being a proof of social interaction. Right now the "difficulty" is VERY low because there aren't that many people on this platform comparative to how high the price of #Steem has spiked. So it was like mining #Litecoin or #Doge in late 2013 or early 2014. There was a worldwide shortage of GPUs because the profitability was so ridiculous everyone was snagging them up. The prices on those coins eventually came back to Earth and re-balanced themselves at the same time the difficulty increased because so many miners were joining the network.
LET ME EXPLAIN IN LAYMEN'S TERMS
Imagine having a job where you had a "cool boss" who didn't make you do hardly anything all day but you still got paid really well for it. You knew the entire time that you had it made.
But then one day your worst nightmare was realized. Your boss got promoted and now your new boss is a DICK!
Now your wishing you could go back to your old boss. We are all in a very rare situation right now that we know about this platform and are able to take advantage of this rare opportunity.
The market will likely re-balance itself overtime but for now this might be the "easiest" job you can ever imagine and none of us should throw this opportunity away!
Top Reason #2:
The payouts on this platform will probably always remain higher than producing content on any other platform.
Even after a re-balancing of the market where a lot more people join the platform and potentially if the price of #Steem sags, there is so little overhead with this platform in comparison to other platforms. Think of all the high paid employees and insane data centers it takes to operate YouTube. There is like 10,000 minutes of content uploaded a second on YouTube.
This block chain doesn't store any of that type of data. The entire block chain is probably less than 1 Gigabyte right now. And this platform just piggy backs off other sites for embedded content like videos and pictures.
Mahhahhahahahha It is brilliant!!!
I think the current Steem / Steemit team is like 6 guys and from what I'm understanding they basically already have their "equity" secured with the amount of #Steem and #Steempower they have.
That is a small team compared to platforms like YouTube, Facebook, and Reddit.
So essentially it is a lightweight platform and doesn't take a gigantic team to manage the system.
Top Reason #3:
This platform and related projects are going to get built out at a very fast rate.
Extremely skilled programmers are building out all these ancillary applications and websites and the financial incentive to do so is high. We have already seen some projects get upvoted and rewarded well for their efforts. Right now we see Steemimg.com has already made over $7,000 for building a image hosting service.
Other pieces of the platform will be built out as well like the marketplace. There are infinite possibilities.
Solid analysis. Your second point illustrates some distinct advantages over anything else at play right now.
Shameless self-promotion along the same lines, and my additional analysis for interstellar travel: Steem Solved the Prisoners Dilemma
Thanks for reading my post and thank you for linking to yours! I read it and upvoted it! Good Stuff man!
I enjoyed reading this post.. it's GREAT!!!
Hey Thanks Craig! It means a lot to see your reply on my post. I have been following your Steemit journey and you give a lot of great insight! Keep it up man!
Very informative post..really liked the easy read!
Thank you!
Great post! There are definitely concerns, such as the economics being off regarding the whales gaining too much via interest or having too much influence in the system... but ultimately, if something truly threatens the long-term success of the system, I think they are smart enough to make any necessary changes. One thing I love about blockchain technology is how it solves the Byzantine Generals Problem. Every individual actor is working in their own self-interest which just happens to match the interest of the network. That's amazing.
I just upvoted your comment! I understand how people might be concerned with initial whales having a lot but I'm not too worried about it. If @Ned becomes a trillionaire I'm fine with that! Your comment about blockchain tech solving the Byzantine Generals Problem is super spot on was a huge draw to me as well.
I upvoted it because it was very well written but there needs to be some line between how much a content creator can make, or else steemit won't make it to mars because well the spaceship will blowup mid course and we'll wind up with another DIEM.
solution possibility:
https://steemit.com/crypto-currency/@rogue91/idea-steemit-cap-of-1-000-per-post#@rogue91/re-kewpiedoll-re-rogue91-idea-steemit-cap-of-1-000-per-post-20160719t222401633z
I upvoted your comment. Thank you for reading my post. Personally I don't feel that there should be a $1,000 post limit. It is a free market system and right now the market has spoken! The high payouts will pull more people onto the platform and the market will re-balance eventually. I understand the feeling of being excluded or left out. I have had that feeling many times on YouTube where I put SO MUCH TIME into videos and then a cat video get 100X the views. So someone makes a compilation vid and it blows up.
But the view of a high post price, when the currency could crash and be worth a fraction of that amount would leave the feeling of being lied to and hold negative feelings toward steemit.
Well that is with anything. If you notice on YouTube a lot of people don't talk about their earning and say that the agreement with YouTube won't allow them to talk about their Adsense earnings. I can tell you that it is far lower than a lot of people think for a lot of video content and so people join YouTube everyday thinking that if they work really hard they are going to "Make it" But I have seen YouTubers who had over 500,000 subscribers who couldn't make it by on just the money they were making off that. Which seems so crazy. That is such a large following.
https://steemit.com/steemit/@jillstein2016/steemit-will-be-bigger-than-facebook