Walking the currencies

in #steem6 years ago

I have spent quite a lot of time and energy thinking about various revenue streams on Steem and in life in general trying to work out what actually has value and, what could be left by the wayside. When it comes to my real-world life, the things that currently have very little value to me is entertainment activities as they don't provide anything usable.

Sure there is the relaxation or the 'take a break' aspect of it but, I think there are better ways to get the same benefits. I see it as kind of like drinking when upset, sure it can take away the bad feeling for a time but eventually, one will sober up and have to face the issues regardless.

One of the things I used to do a lot is play FPS games and I would spent thousands of hours a year on these games, and from the early days of in game statistics at the end of a round to the quite comprehensive pages dedicated to stats and rankings, I would check my progress. At the end of the day though, what do I have to show from topping leader boards or having a high Kill:Death ratios? What did I get from levelling up characters or having high accuracy on various weapons? It was a form of collection like we as humans are prone to do.

Now I have transplanted my thousands of hours into collecting something else, Steem. Despite the price, all of the time I have spent here has earned me a much greater value than the big, fat zero gaming got me. Is it as addictive as gaming though, as compelling? You tell me. I think so though and due to the potential future value of Steem, there is much more reason to be here. Isn't it pretty awesome that we can do things that we enjoy doing and actually get some value out of it?

Although much too small now, image the types of localized businesses that could be set up to empower communities to better manage themselves at a local level. Just a basic idea but imagine having a tokenized babysitter network that can support trust in various ways or, a system that allows neighbours to do odd jobs for each other, bring food when ill or knit socks for the winter. Rather than relying on centralized services, we could leverage the skills of our own communities and share resources while still maintaining the capital aspects of business.

All of these things could be managed and fall under the banner of content delivery in various ways and Steem could empower communities in the real world to provide for each other. This is far more than a text based blogging platform and in time it has the potential of spiraling out and spilling into the every day betterment of our lives at many levels.

Again, Steem doesn't need to be seen if there are SMTs but having a core infrastructure of Steem would mean that there are other options for the SMT usage that simplifies the processes for the user. Potentially, a single app could house all suitable SMT utility applications and streamline processes. Booking a babysitter or having socks made for the winter could run on an separate SMTs but be driven through the same interface, much like a menu selection for multiple restaurants. It would also mean that it would be simple for those who are able to offer multiple services to do so across currencies and still maintain a simple structure for their management and billing options.

As I see the future, we are going to have to become much more self-reliant on our skill sets if we want to have more than a basic income and having the tools available to be able to provide service at local areas is likely the best way for more people to have more potential. One thing people don't often factor in with centralized companies is where the majority of the resources go.

Yes, we all know it goes back to the company but what about where the tax gets paid? A global company not only rarely pays much in the country of action, they find ways to minimize tax burden at every point. In Finland there was one car inspection service that earned north of 120 million locally but paid just 200k in tax in the country. That is quite a big economic drain on the system. The more we are able to cut out the middlemen rentseekers and deal directly, the better we are personally and the better the local economies will be but, there are more important things to consider.

Due to the automation of industry and service, we are becoming much more irrelevant than we have ever been previously which is affecting us in various ways from social disconnection to heightened sensitivity that increases our propensity for depression. Being able to serve each other directly at a local level means that we have a chance of building much stronger social networks and relationships that connect us more and more.

If the goal is for technology to help us improve, not replace us, we can't rely on the technology of the centralized corporations and governments to use it in this way as they are continually on an optimization for profit model that will minimize irrelevancy, reduce us. If we want to leverage technology to improve our experience, we have to build it ourselves in a way that increasingly cuts the optimization of resources out of the mix if it encroaches on improving human experience.

Personally, I think that the more valuable things we do in this world are the things we do with and for other people and we have a chance through the technology we are creating to leverage it to improve the way we are able to organize and manage our real-world communities. The sum of us together is greater than the sum of us as individuals and with the right paradigm framework and technology to back it, we would be able to build vast communities across the globe and likely more importantly, at the local level.

What is the value of being on Steem now? Well, what is the value of being part of building the infrastructure and thinking that makes humans relevant again? Proof-of-brain might one day be replaced by an Artificial Intelligence.

What about Proof-of-heart?

Taraz
[ a Steem original ]

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I have been reflecting more and more about this lately as well as I continue to enjoy my engagement here as I build a good amoubt of Steem Power for the future. However, as I run into a busy time of year from a professional aspect, I start to feel some anxiety and fatigue from it all... I feel that more time here will provide long term benefit whereas my focus needs to also be to secure my short term responsibilities which provide an additional way to grow by acquisition. Trying to find a balance is difficult given the want vs needs...

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I feel that more time here will provide long term benefit whereas my focus needs to also be to secure my short term responsibilities which provide an additional way to grow by acquisition. Trying to find a balance is difficult given the want vs needs...

I am in the same position hence the focus on the new job in the new year. I was going to do a review at the end of Jan for my two years on platform anyway which likely would have been to cut back a little anyway. Lots of ways to grow if price is low.

Some good stuff to think about and chew on..

my only 2 cents on comments:

"When it comes to my real-world life, the things that currently have very little value to me is entertainment activities as they don't provide anything usable."

..depends on the person, and what one considers 'usable' vs 'valuable'. Gaming, sports, movies, theater, books are all multi-million/billion dollar industries for a reason. Not to mention travel/vacation industries..

"What did I get from levelling up characters or having high accuracy on various weapons? It was a form of collection like we as humans are prone to do."

.. there used to be, not sure if they exist anymore, shops where people would level up characters and acquire weapons to sell on eBay to various people who didn't want to spend the time to get a character to a expert level.. At one time I read an article where an economist did his PhD thesis on mapping the money in the MMORG and the corresponding dollars things from the MMORG ecosystem were selling on eBay, and calculated it to be bigger than some actual Real World economies..

Great stuff too think about. How do we continue to get value, and continue to benefit everyone, while sharing the good of the tools.. rather than just benefiting some small number of corporate entities, that sometimes consider humans as a very small part in the whole of grabbing resources, converting it to other stuff that get's used and thrown away.. etc etc.

..depends on the person, and what one considers 'usable' vs 'valuable'. Gaming, sports, movies, theater, books are all multi-million/billion dollar industries for a reason. Not to mention travel/vacation industries..

I see that it has to provide me with some benefits outside of just financial, especially for the long term. If you consider that money is a tool then what we spend it on matters as it is what drives progress. The world is falling a part in so many ways, we spend the majority of our tool on resources that don't help much of anything at all :)

At one time I read an article where an economist did his PhD thesis on mapping the money in the MMORG and the corresponding dollars things from the MMORG ecosystem were selling on eBay, and calculated it to be bigger than some actual Real World economies..

Again, while we have massive environment and energy problems to solve, we empower the entertainment industry. it seems like a bad place to focus or a good place to hide before total annihilation. :D

every time we spend a dollar, we are making a decision on our future position, same with the way we spend our time I think. I am in no way perfect at any of this though, which is why I spend some of my time sorting out my head.

I can't deny that the overarching 'entertainment industry', which has become a distraction factory, rarely churns out quality content. Or at least, the odd brilliance, but mostly opiate for the masses type stuff..

But I do ascribe to that oft quoted gem: "I don't want to be a part of any revolution that doesn't include dancing"

or in my case, eating 🍩

There is plenty of money in selling crack to addicts. It is their choice if they shoot it up :)

What if you could put on an altered-reality headset and walk outside to play those first person shooters on site with other people in the community? What if you could get paid in crypto to be a part of that community?

You'd get to keep your stat points and the ability to game, but you'd also get exercise and community engagement. All of a sudden, the activity has infinitely more value than it does today. Crypto is going to give value to things that previously had very little (if any) value.

This is the world we are hurtling toward, and it's going to be insane. Addicted gamers have died in their chairs from exhaustion. What's going to happen when you add running around in the sun to those addictions? What happens when someone isn't paying attention and they walk somewhere foolish and get hit by a car? Safety is going to be a huge issue.


You personally own 1/10,000th of the Steem blockchain. Do you realize how crazy that is? In a couple years people are going to be begging to be added to your resource credit pool so they're allowed to transact on the blockchain, and it will be your job to figure out who you want on the blockchain and who you don't, unless you delegate that responsibility to someone else.

Scaling will always be the biggest problem of crypto. It's just very hard to see that during this Winter Apocalypse.

Just because I don't see value in partaking in gaming, there will be value in gaming itself. I don't mind leveraging the mass addictions of others as they are going to be leveraged anyway because well, they are addicts.

It is going to be interesting with the AR/VR that will come . I was talking a few days ago to someone about 3d environments running older FPS. They would be loved.

1/10,000 is pretty interesting ;)

Many good points. I particularly appreciate the point about local taxes. That is one thing we really do need to solve for as we move towards more decentralized economies. No one wants to pay taxes, so if you make it easy not to, how many will volunteer to? Yet local economies that can pay teachers and fill potholes in roads off taxes paid by a local hardware store are not benefited by our activities here on STEEM. But we are earning, so income taxes would reasonably apply. Just very hard to figure even if one wanted to, because what amount is that?

It is interesting in several ways with tax because essentially, no government has any hand in any of it so as long as it doesn't touch their economic tools, it shouldn't matter but, they should want to incentivize the usage of crypto in their markets at various levels, not punish it because it travels easily.

That's the longterm problem though. It doesn't touch the local government except that the person is using local electricity, internet, etc. That's the same reason that at least here in the US there are now sales taxes on purchases over the internet. If crypto will be accepted by governments, it is going to have to be taxed. They will never settle for losing tax revenues.

It doesn't touch the local government except that the person is using local electricity, internet, etc

But this has tax already paid on it.

I agree but there are also other factors in play that need to be considered such as, who is doing the earning? Does indigoocean have a tax file number? Once the YOU takes possession of it in some governmental controlled form, then it is a different story. It is going to get complicated legally across borders too.

Potentially, the entire tax system could be reimagined in a way that would be better for all, instead of funding wars by using debt mechanisms and inflation.

I don’t see how the different coins on the steem blocktrade brings demand to the steem coin.

This is all so new that the application are in the discover phase and what comes out in a couple years we might not recognize

Several ways potentially. One is that to make an SMT requires some Steem to back it. But another is through creating the RCs for bandwidth.

Some steem is better then none

RC for bandwidth . Starting to get an understanding . RC might be hurting some lower accounts but in the long run it will increase the bandwidth for further growth and development.

From the little understanding we have so far of RCs, people will be able to delegate to pools. These could then be leased and used by SMTs to help their members.

That makes entry less expensive for SMTs. The return they get from leasing those RC pools is the central userbase. Which can be gold for a startup.

When more than half a decade ago I wanted to make a local TaskRabbit alternative, I would have loved a platform like Steem to build on. RCs are probably much cheaper than average user acquisition cost.

Start up cost is and can be a hurdle to overcome. I had no idea that RC can be delegated to pools. Sounds like a win win for all.

I still have a lot of understanding to acquire

Imagine having to also invest in STEEM to be able to gain sufficient RC to claim accounts and power new users with little stake. Or no stake if the SMT is 99% own token based (just like now, SMTs can reward in three tokens, vests (SP) being compulsory but AFAIK there’s no minimum SP requirement).

That’s where the pools come in. Lower investment requirements and let the SMT manage them, rather than having the users need to find them or invest in STEEM to lease them.

It’s a sound system, if works as we think it will.

I can see the advantage of the SMT managing them with lower investment. If it works it will be a big step forward

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