If you want to know the mechanics..'how it all works'.
a. read the white paper
b. read about eleventy zillion posts on steemit that 'splain
note: between the time you axed that question...and now.
I made $111.00
SBD transfer from wallet to BlockTrades to Coinbase ....
and now it's appreciateing..
why do I CARE where it comes from?
I'm making money off of it.
scratch that...
make it ANOTHER $60..
almost $200 in the last twenty minutes..
"We all withdraw or we are planning to withdraw money from here ."
I don't. I submit you are actually wrong, at least about me.
I have no means of withdrawing Steem, even though I actually thought I needed to last week.
I cannot spend one satoshi of it.
"Sooner or later we will reach the point when more money is withdrawn than invested..."
When this occurs in a financial system, it causes downwards price pressure on the currency.
I don't think you want that to happen, unless I misunderstand the tenor of your remark.
When more money is dumped on the market than there is a demand for, the value of the money decreases.
Even though it is physically impossible for me to use Steem as money directly, the value of Steem is something I very much want to see increase, as the value of the platform to me is dependent on the value of Steem.
I believe we both want the value of Steem to rise. Am I correct?
Perfectly understandable.
I don't either.
The people who make the rules...who write the code..
think differently than we do
They're PROGRAMMERS...a different breed.
They don't speak the same language that we do.
When they use words that we think we know what they mean.
they don't.
So..the best you can do is the best you can do.
Don't Sweat the Petty Stuff
and
Don't pet the sweaty stuff
Steem ON!
The programmers don't control Steemit. They work for those that do.
There are 39 accounts that own 93% of the Steem in the world, and the devs work to satisfy that market.
The fact that Steem is increasingly concentrated at an accelerating rate in those accounts shows the devs are doing a good job.
You are quite inspirational. I have somewhat emulated your model, although I post less. Your refusal to buy votes, or self-vote, remain startling examples of integrity, even though you clearly are willing to work hard to attain to rewards.
I have only seen you self-vote but rarely, maybe twice. Given your interest in rewards, your integrity is extremely admirable, and your success shows that neither bots, nor self-votes, are required to succeed on Steemit.
Thanks very much for your example.
I hope you are having the best Christmas of your life, right now!
me too
I've seen you around
my (current) strategy is to vote (at a variable power) for anything I like.
then when It comes time to shut 'er down (for a while)
I use what's left of my vote power (above a variable percent)
on myself.
if your vote power EVER reaches %100 that means you're wasting it.
that's a sin.
You can't make Steemit succeed, or make Steem rise. You can contribute to both, by posting and commenting substantively.
I hope those aren't the primary goals you have in life.
I suggest you decide what your personal goals are, in terms of your interaction on Steemit, and proceed to achieve them accordingly, while learning as much as is reasonable about how things work.
As you learn new things, adjust your goals accordingly.
@everittdmicky has written a great success story on Steemit, and you can hardly go wrong following his model (if not his advice).
The world isn't fair, and doesn't care what you think. Make of your life what you will. As long as Steemit let's us interact, you'll make my life better, and I'll be grateful =)
yes and no.
what do you mean ?
I mean you're partly right.
and partly wrong.
and off topic.
I know but every time someone writes about making money here I always think about that . Can you explain please ?
Who is or who will pay the bill ?
Imagine santa's elves...
poor little guys..they're making presents as fast as they can..
now imagine a (thousand or more) computers...making steem.
who assigns the value to the presents that santa's elves make?
who assigns the value to the steem?
Let me put it another way
a. read the white paper
b. read about eleventy zillion posts on steemit that 'splain
note: between the time you axed that question...and now.
I made $111.00
SBD transfer from wallet to BlockTrades to Coinbase ....
and now it's appreciateing..
why do I CARE where it comes from?
I'm making money off of it.
scratch that...
make it ANOTHER $60..
almost $200 in the last twenty minutes..
I don't. I submit you are actually wrong, at least about me.
I have no means of withdrawing Steem, even though I actually thought I needed to last week.
I cannot spend one satoshi of it.
When this occurs in a financial system, it causes downwards price pressure on the currency.
I don't think you want that to happen, unless I misunderstand the tenor of your remark.
When more money is dumped on the market than there is a demand for, the value of the money decreases.
Even though it is physically impossible for me to use Steem as money directly, the value of Steem is something I very much want to see increase, as the value of the platform to me is dependent on the value of Steem.
I believe we both want the value of Steem to rise. Am I correct?
I do want steemit to succeed and steem to rise . Just not sure how things work ..
Perfectly understandable.
I don't either.
The people who make the rules...who write the code..
think differently than we do
They're PROGRAMMERS...a different breed.
They don't speak the same language that we do.
When they use words that we think we know what they mean.
they don't.
So..the best you can do is the best you can do.
Don't Sweat the Petty Stuff
and
Don't pet the sweaty stuff
Steem ON!
You're no fun!
LOL
The programmers don't control Steemit. They work for those that do.
There are 39 accounts that own 93% of the Steem in the world, and the devs work to satisfy that market.
The fact that Steem is increasingly concentrated at an accelerating rate in those accounts shows the devs are doing a good job.
You are quite inspirational. I have somewhat emulated your model, although I post less. Your refusal to buy votes, or self-vote, remain startling examples of integrity, even though you clearly are willing to work hard to attain to rewards.
I have only seen you self-vote but rarely, maybe twice. Given your interest in rewards, your integrity is extremely admirable, and your success shows that neither bots, nor self-votes, are required to succeed on Steemit.
Thanks very much for your example.
I hope you are having the best Christmas of your life, right now!
I self vote strategically.
quite a lot actually
you must have missed it.
not comments though
that would not be strategic
according to my master plan.
I do spend my attention around the place a lot. I probably miss more of your posts than I see.
me too
I've seen you around
my (current) strategy is to vote (at a variable power) for anything I like.
then when It comes time to shut 'er down (for a while)
I use what's left of my vote power (above a variable percent)
on myself.
if your vote power EVER reaches %100 that means you're wasting it.
that's a sin.
You can't make Steemit succeed, or make Steem rise. You can contribute to both, by posting and commenting substantively.
I hope those aren't the primary goals you have in life.
I suggest you decide what your personal goals are, in terms of your interaction on Steemit, and proceed to achieve them accordingly, while learning as much as is reasonable about how things work.
As you learn new things, adjust your goals accordingly.
@everittdmicky has written a great success story on Steemit, and you can hardly go wrong following his model (if not his advice).
The world isn't fair, and doesn't care what you think. Make of your life what you will. As long as Steemit let's us interact, you'll make my life better, and I'll be grateful =)
Merry Christmas!
Ok , thanks . Merry Christmas to you too