The Reality Of Steem
The flowers are starting to bloom. The cherry blossoms, the harbingers of Spring, are here. I love this time of every year. It's a time of hope, and the rebirth.
We are also starting to see the small signs of recovery in crypto and, more importantly, Steem. We appear to have a new low of around 38 cents. Steem is also now worth more BitCoin than last month.
We've had a pretty long crypto winter. It's been quite brutal really. I was looking around some of my favourite accounts on Steem today and many of them have simply stopped creating content completely. I had a look at their wallets and not surprisingly most of the money is gone. Former dolphins are now very quiet planktons.
On the flip side, there are now many new dolphins that took the opportunity of the low prices to accumulate Steem. As far as I can see most of them didn't achieve dolphinhood by creating content and getting rewarded - they purchased Steem. They did so either from fiat, or by consolidating from other crypto. Either way, the have been able to access funds.
Basically, those that have, have been able to increase their (potential) wealth, while those that don't have, have had to sell the little they did.
This is not surprising at all, of course, it is actually expected. The Steem blockchain, it appears, behaves just like the real world where the rich get richer, and the poor get poorer. This cycle is powerful and is hard to break. In the real world, the exceptions to the rule happen when either the rich reach out to the poor, or the poor display exceptional prowess and climb the wealth ladder out of poverty.
There is a third option, which is revolution. This often happens when the divide gets so wide and conditions become unbearable for the poor masses. The poor bring back balance by the power of their sheer numbers.
I don't know how this analogy will play out on the Steem blockchain, but something is bound to happen for sure. The silver lining here is that at least the distribution of wealth here is a little better than it was last year. The middle class is a little larger, but it's not nearly large enough for a balanced ecosystem. There are still entities that wield way too much unilateral power. Such parties may chose to use it for good or evil with little or no opposition. Again, like the real world.
Whatever happens, I hope it is to the betterment of this beloved blockchain of ours. We will, however, always have 'good' and 'evil' on here. There's nothing we can do about that.
Peace and Love ✌🏿
Adé
All copy and photos are original content by me.
© adetorrent.com
I see my position of a hybrid investor that has enjoyed the process to share and create content knowing that it will bot be the content creating a lot of value but instead focusing on how I can share my stake to grow the values of other that are in fact creating great content to bring more value over time to the long term.
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At least, for now, there is no persistent red in steem and the crypto world as steem have begin to show some green. Although the price is still low and down compare to our expectations but surely i believe it is gradually. Few last months on steemit have been fusrtrating in terms of the steem price but i believe there is high level of positivity in these few month to come
Yah, it is really refreshing to see the crypto market trying to come back to life after a really brutal bear market that decapitated a lot of crypto hodlers.
The dream is alive :)
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What can I say, difficulties, makes some people fail the more while it makes some excel the bear market have been a curse and also a blessing in disguise to some, as for me I've been accumulating too, but some people simply do not have faith anymore on steem
We are going to look back at these days and smile.
Spring is in the air, for sure!
It will be interesting to see how we look back at this time next Spring. Will we still be hovering around 25-40c or will it have a $1 or $2 or more on the front of it?
The blockchain will remember. I suppose the questions will be: will we regret having not accumulated more...?
This time next year, unless we're in another bear market, I think we would be much, much higher than now. If it ever went up to something like $8 like last year, I would advice people to bank some fiat as 'savings' in case we return to a bear market so they can cary on Steeming. [not financial advice of course :)]
100% agree 👍
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