RE: Put it away: Why to Power Up a little continually
Very future visioned. I would like to add to this. I am still somewhat new here, having been here around 3 1/2 months. I was stupid excited (I say stupid because of the stupid preconceptions I had) and was going to be rich because of Steemit. Not in a few years, but this year. The videos on YouTube said it was so.
I became disillusioned when I did not find the Steemit I had been promised. I had even invested in a little Steem. So I started a power down of my meager investment. The vote bots were a loss, the vote bots were about all seeing my posts and my vote was worthless. This was stupid.
But over the few weeks I allowed myself to stupidly power down before stopping I wandered around the place. I mean, it wasn't like I was posting, might as well look for something interesting while I waited this ungodly 13 weeks to get my money back out of this den of scammers. And this was when I got to see what Steemit is. Actually see the communities I had been missing when I sat back waiting to be discovered as the star my mom always said I would be.
Now I power up everything, except what I invest in those of you reading this. I ended up spending 50.00 more out of pocket (a lot more than the little powered down) so that I could lease delegation and hit the 500sp for my vote. Because I see what this is now. I see that investing in myself and investing in you can be life changing. Just not so visible today.
One more community paragraph, then to some math observations. I have noticed in my time here who the givers and takers are in my circles. And this does not mean solely based on what one can do for me financially. If one looks at my voting history they will see those who have nothing to offer me in vote payout get the majority of my votes. The reason why they get this is because of how they conduct themselves. They are givers, and their quality of character is like a magnet. They bring quality to the interaction, and they are what I see the platform needing to grow.
Now to add to the math. First the vote bots. My friend did the math, and unless the votebot is paying out at a little over 200% you are losing money. Most pay well below that, so for those of you thinking you are profiting, lol. Do you not stop to ask yourself why people would delegate their SP to these bots? They do so because the return is higher than if they curate your post themselves. Without going to deep into the math, it is because they allowed SBD to be worth way more than they should be. When a SBD is worth almost the same as SP, and you are paying the vote bots in SBD, you are allowing them to bypass the split at payout and you are eating that loss for them. If you see the return of SBD to being pegged at 1 USD, you will see many of these bots vanish as only those looking for passive income without logging in here will be delegating to them.
I mentioned I spent 50.00 leasing delegation. This did two things for me. The slider (which still doesn't give me enough votes, lol) allowing me to have more votes to better build this foundation I am building. Think about this. I could have powered it all up. But I am building a foundation that has to include the community. I have no foundation if there is no you in it. So, with that acknowledged, I discovered something that blew my mind.
You don't really make crap for curation when you are new here. I mean literally nothing. In my 3 1/2 months here, I just broke 1 SP of payout in my entire time here. That's it. But get this. Almost 3/4 of it has come in the short time I have been leasing this SP. Please think about this. This system is set up to reward those who believe in it. Who invest in it. Out of the 1.02 SP from curation I have earned, 0.65 of that has come in the last 7 days.
This place is not meant to do a whole lot for those who are not willing to invest into it. So I am going to say if you can, don't just power up. If you have spare money, invest in Steem and power that up. Invest in it and invest in those who you are building foundations with. You will thank yourselves in the coming years if you do.
Many say they are broke, yet waste lots of money on eating out, movies etc. Investing in a momentary pleasure that is quickly yesterdays memory. It takes a person of vision to see investing in others and in future tomorrows can lead to a quality that can be much richer.
Thank's again for an insightful post @tarazkp. Your posts were instrumental in helping me see what Steemit really was when I was about to give up on the place. In my eyes you are the unofficial prophet of Steemit. Leading by action as you share your vision.
You and me both . The long term people is worth the investment . to get them to a point where they can duplicate what has been given them . It will be a long journey but one worth taking with good company .
The key value with voting Bots is to get in front of peoples eyes. That is the true value since Time and Attention is the true currency of our time. That will say it's only worth it if you have something real solid to promote. That will say a solid personal brand or something of legit value that people want to see.
People were boosting their posts 150 dollars (but not into trending) and had 2 views, including the one of me viewing it. unless boosting very high, there is little change in viewer count. Before they removed the little eye, a post of mine that had a 100 payout coming was not anymore likely to have more views than one with 10. The 'visibility' is not a valid argument as far as I have been able to observe.
Well just as advertising these days it takes around 20-30 times before someone will truly become a loyal follower. But yes boost for just something short term will of course never be of that much point. Same as if I upvote and support a person for months and then they go do some other thing then that was an investment where I lost it all. Since they stopped.
The future is targeted advertising like when you reply to someone in a comment. You can focus in on that specific person and create a niche reply that has a high likelyhood of success. Majority will clearly try to boost something and then quickly cash out since almost nobody knows how to build up a cool name. This Internet thing is still very new to people and it doesn't come with a manual for how to use.
You seem to be making a good career out of posting excellent comments. I appreciate that. Wherever I go, you seem to already be there! I do have a question for you: my Steem seems to grow slower than a glacier moves. Why is that? Am I missing something?
Thank you for the kind words. They mean a lot to me coming from you.
I peeked at your account and while it may seem slow to you, you are actually doing really well. According to another comment you made here in this post, you have earned every bit of your SP. You have double mine and I have invested a little. From another post that @tarakp made that has a breakdown on how many members fall in what level of SP holdings.
https://steemit.com/steem/@tarazkp/are-you-a-steem-1-percenter-do-you-know-who-is
Based on the numbers, your account is in the top 19224, and without better numbers to work with I would hazard a guess that you are actually within the top 17000 or so. According to the figures on the chart he provides, only 1% of Steemit has 500 or more SP.
As I am discovering more daily, the more skin you have in this, the quicker your rewards will accumulate. I would say you are missing nothing, and you might just be the best example I have seen of one who has done as well as you have off the back of the sweat put in here in contributing and networking. Others are drawn to your energy and views. You don't see it, but you are a perfect example of how this can work if others value your contributions.
Of course, this was a given since I follow you and interact on so many of your posts. I only write books in the comment sections of quality posts. 😁
Well Dang! Guess I might even pat myself on the back then. You seem to be well balanced in posting and commenting, and in your tech savy. That's my biggest weakness: tech. It seems to me that most, if not all, of the folks who get past Minnow level all have pretty good tech savy and are invested in all sorts of apps, and crypto's, and services to Steemit, etc. Like @davemccoy. He has his hand in several ...I don't even know what to call them... apps? Oh, well I'm one kick ass poet! Blessings.
This gave me a chuckle. I am far from tech savvy, shying away from all apps. I don't trust them, and the only reason I finally gave crypto a chance at all was because of this platform here. This place naturally began with tech savvy people, but over time this dynamic is changing. As you see communities grow, accounts set up to help people in their normal everyday lives as we see taking hold here the tech knowledge grows to be less of a qualifier.
I don't use Discord, I don't use Steemconnect, I don't use Ginabot or any of the other things pushed out as necessary. And without any of them, here we are conversing and building a foundation together. Using people savvy to do so. 😃
Well crap. Somehow I got the impression you were a tech whiz. I bet you are and just don't tell people you are a super geek. That must be it.
Every week I tell myself that this week I'll take on one tech app and try and understand it completely. So far it's been 14 weeks and ... well, things just keep getting in the way somehow!
In their current form, the bots are not profitable for the majority of users however, they are not going anywhere either. It means that the less community oriented are growing faster than the more community oriented currently. that is not going to lead anywhere good. Something needs to happen. SMTs and hivemind can make a big difference but they are still some way away.