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RE: Be Aware of the fine print before investing into Steem Power, know the risks

in #steemit6 years ago

But the rewards are miniscule and do not justify the cost and buying into Steem Power, which is the whole point of my argument. The rewards are often not enough to cover even the cost of dilution let alone profit unless you have a huge following or large influencers voting on your content or are using services to help gain you additional votes in some manner.

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Just because your content isn't popular enough by your standards to be worth it, doesn't mean it's not for others. Also, we are in the infant stages, not many dolphins and whales swimming and following and upvoting. Wait for it. While I understand this "time of crisis" scenario, it's also the extreme case, and a case where crypto won't help you. The point of money is to purchase and acquire assets, in my opinion, we have lost touch and have this idea that money should make it's own money and withhold thru some type of crash scenario. Trust me, that day, money won't matter. Seeds, water, land & lead. Money just sitting, shouldn't be a store of value in and of itself. All your fiat currencies do the exact same thing thru inflation, they just don't teach the dark side of that situation to most.

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