Calmed nerves and creating revenue streams

In a few days I will start a new position at an IT company as a training specialist for their product and I am a little curious whether I am going to adjust well to corporate life as I have been freelancing for so many years already. It is not that I can't do the job but the paperwork and reporting is not my wheelhouse. Do what you gotta do though.

One thing that is interesting of late though is that while there is a fair bit of financial pressure, I am not overly concerned in the long-term as I have some crypto holdings and, a fair bit of Steem. It is not that any of this is certain, but my belief that in the next few years the blockchain and cryptocurrency industries are going to grow enormously has a calming effect as I think there is an end to the pressure, something to look forward to, something to work toward.

While I don't want to do anything for work, I am confident enough in my abilities to get work of some kind to support my family that I don't have to stress too much. While some people think certain types of jobs are below them, I see that servicing necessity is more important than my job title.

A study in Finland some years ago found that most people would take a bump in title over a bump in salary, something I find strange. It isn't that the money is more important to me, it is that changing the title doesn't change the work done so, what is the point? Nearly everyone in this country is a manager of some kind it seems, even if all they do is manage themselves.

But for me, I don't mind what I get called but I do want to be able to chose work that interests me and provides meaning to my experience. This is difficult to do when working for a company, and even more so when one has to take a job because of financial need but, this is something that I think is short-lived considering how I see the future.

It is hard to imagine how much life can change for most of us if the blockchain and crypto industry takes off in the next few years because from the current view, it seems so far away or, impossible. But, it really doesn't take much for it to happen. Humans aren't very good with imagining large numbers and when we hear something like "3 billion dollars" it sounds like an incredible amount but, it really isn't very much.

As I said the other day, with 137 million subscribers, Netflix makes about 1.5 billion per month, making two months of their income equivalent to Steem being a 10 dollar coin. Remember that about 65% of Steem is powered up, 15% is wallets and 20% are on exchanges, and the money that needs to flow into Steem only has to push the liquid portion. Considering about 20% of the total supply is held by Steemit Inc, it is likely that it doesn't take much to drive prices up.

People forget about this of course because it also means that it doesn't take much to drive prices down on Steem as to start the collapse, only a relatively small portion of the liquids need to be sold. But, people also tend to forget that when prices rise, votes are worth a lot more even though they have the same vested draw on the pool.

My current vote is 57 cents which means it draws about 2 Steem at 100% from the pool. With all things remaining equal, if Steem was 10 dollars, my vote would Still draw about 2 Steem from the pool. That would be a 200 dollar value draw from the pool per day.

Of course, things won't be equal with 10 dollar Steem because there will be a lot more people on the platform and very few will be letting their stake sit idle. This is another reason this is a good time to earn because of all the idle stake. Of course, it isn't as good as it once would have been as idle stake is often tied up into a bidbot for passive income return.

You know what would be interesting? What if Stinc decided to use their stake to create a bidbot but instead of taking the profits, they burned all that was sent to them. Or, what if they decided that since it has been considered a legitimate business model, they decided to offer a higher rate of return on send, but burn only 80 percent of what was sent and use the other 20% to fund themselves. What if they used 100% to fund themselves? The code allows it which has always been a favorite response and, it still offers distribution and promotional capabilities.

I don't think that would sit too pretty with owners of bots of course but, I am sure that if they offered a higher rate of return, there would be plenty of users that would take them up on the offer. Would it be good for the ecosystem or harmful?

As I see it, things can change a lot here, in the industry and in the global economy so relying on anything in the future always comes with a lot of risk but, since I at least feel that there is a lot of positive to come in the future, no matter how the current situation is or looks, it is emotionally manageable. Low-stress.

I think that this is the benefit of having a long-term view of experience as the daily ups and downs look much flatter from distance, much less volatile. Each day we might go through hundreds or thousands of emotions and thoughts but, how do they look across a year or a decade, how much variation is there?

When it comes to my crypto holdings and the future, I am so glad that I have Steem Power locked away as even though I have missed some massive opportunities in the past, I see the ones that are coming to be much larger and if I had access to it, would I still hold as much, would I have sold, would I have spent it wisely, would I have been able to buy back in? That would just be additional stress.

Sure, I would have less immediate stress as I would have paid off some bills, maybe some or even all of my mortgage but, long-term where would I be? Not much better off than where I am now perhaps.

Perhaps I take a twist on an old saying.

Better to have hodled and lost than to have never hodled at all.

What I see is that when there are those on Steem who don't lock some away and instead use it as an income now, they are going to always have to approach Steem as a salaried position, a job. And, they are going to have to consistently show up and perform to get an income out of it. Those with Steem Power however have the possibility of a significant future income stream that works for them in various ways regardless of whether they show up to work or not.

For me, there is a sense of calm in that knowledge, even if I intend to work until the day I die. Having that potential and what I see as having a very strong chance of becoming reality means that whatever I do now, is just a step toward being able to do more of what I want to do in the future. Who knows what that might end up being but having an alternate income source that I don't have to live someone else's dream for, goes a long way.

Taraz
[ a Steem original ]