RE: UNDERSTANDING Steemit Rewards ( STEEM DOLLAR & STEEM POWER)

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RE: UNDERSTANDING Steemit Rewards ( STEEM DOLLAR & STEEM POWER)

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sciencevienna (59)in #steemit • 7 years ago

Thx for the summary, I'm curious why someone would prefer the decline payout option, any ideas/arguments?

7 years ago in #steemit by sciencevienna (59)

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samstickkz (65) 7 years ago

Lol, if you're too rich and don't need any extra money

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sciencevienna (59) 7 years ago (edited)

Does there exist the state of being "too rich"?

OK, there is a peek in behavioral economics, where we won't feel wages improving our life significantly. But this setting here is different. Consider the state of having reached being too rich and you make such a non profit posting (this expression I'm making here unfortunately does not hit the bull's eye, I know):

You can't help others with the money you could have earned, neither with SP nor SMD. 2. Who would vote for it? Maybe someone who is also "too rich"? 3. It opens up the possibility to de-monetize or de-capitalize steemit as a whole and simultaniously rejects the argument (often used by Zuckerberg's Zombies) of having only profit driven creatures here......

Actually, the postings on steemit are much better of quality and a conscious looking at value, of how I value my time and with whom, at prices and who sets the prices, at (my) daily digital habits is not a disadvantage.

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