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RE: How I Found Peace By Embracing The Anonymity of My Own Insignificance
Not too long I wrote an article (that is my personal account):
https://steemit.com/steem/@investigation/don-t-invest-in-steem-power-stop-chasing-shadows-just-enjoy-the-ride
In it I advised people to never invest in SP.
I was wrong about some of the numbers, but even so, my statement stays.
SteemIt is no holy land.
It is just a social platform with small extras.
Let us all stop chasing the shadows of big money and fame and simply... enjoy the ride.
I don't have much personal money in SP, I've dug it all out of the ground with my bare hands.
I like the music.
someone has to invest in steem for it to be worth anything... so if you don't invest.... you're just a miner? plus, the more you invest the more you earn... so, I don't see the logic.
Actually that's supposed to be the difference with Steemit, you can "invest" your time and your creative energy.
@dwinblood has made a very good point that Steem is one of the few cryptocurrencies that is backed by something substantial, all of our work.
Right, but without advertising the money also comes from US
By "US" do you mean from the reward pool or from the work of people who actually try to produce content worth viewing?
Or both?
I mean, if everyone just worked, and didn't buy steem with fiat currency, there would be no money in this platform, and your posts would only be worth "tokens"
You've hit on the very argument that a lot people have about crypto.
I think it's more than a binary, either/or proposition. 90% of the U$D in circulation right now only exist digitally and none of it is backed by anything more than unicorn farts, but people still think it's "real" money
For the most part Facechat doesn't produce anything that you can hold in your hand and it's not like you can order something from Amazon and pay for it with 1,000 likes but people sure did line up when their stock went public.
There's a value here, and the proposition is that the value comes from the content posted and stored on Steemit, that has exchangablity to other crytpos and eventually fiat.
It's not perfect by a long shot but it beats the hell out of other platforms that I've seen. And the ability (for the time being anyway) to move value, currency, whatever you want to call it, outside of the traditional channels still hasn't been recognized by most people.
someone is paying for our hard work. Plus the more steem power you have, the more everything you do is worth. so just adding 100 usd worth of steem power to your account could be similar value to 1-3 months of hard work here to whatever your payout for voting\posting is.
Money itself also comes from out of nowhere and is not backed by anything. If we value it then the fact it is being created gives it value. It only has no value if they keep producing it and people cease to see value in it. Unlike fiat currencies though this is backed by our creations and intrinsically interwoven with it. There really is no other crypto OR currency that can claim this. There are some projects that skirt this premise, but they are not as tightly interconnected.
Things have value because we as a community decide they have value and the more people that believe in the value the more its value becomes desireable.