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RE: If There's No Path for Minnows to Become Whales, Can Steemit Survive? 100% of this post goes to@markrmorrisjr to support #dolphinschool
I also started at that time. I barely invested until I was past 5000 SP and even now I am close to even on what I've taken out and what I've put in, I am not an excellent writer. I did buy some votes in the past couple months, but not much before that. I just kept posting and I never took any money out.
It was harder as Everite states, as we didn't have bots and we didn't have minnow projects. Also the reward pool was not as linear as it is now, so the top posts took nearly the whole reward pool.
Quit worrying and build the account. SteemIt is a sink or swim platform. Survival of the fittest.
Not worried. Trying to convince more fish to swim their own way instead of leasing their power to big dolphins and whales. Here's how it goes, I get you to rent me your power for a small return. My vote goes in before yours and twenty others, and BAM, I get five times what you get, because of my SP (if I'm a whale) Suckers game. Investing that SP to vote for up and coming accounts and building your own syndicate is where it's at for the long haul. Who knows when the whales may stop selling votes? Or the prices get too high?
I do think minnows delegating their steem power while they are young, is a questionable strategy.
I came here knowing no one and ground my account up, I am now planning on staying here despite not being a great blogger. Why? Because there are other ways to invest and grow my Steem Power.
Why else would I stay if I didn't want to be a blogger when I grow up? (not meant to be said with a "tone"). I didn't picture it this way in the early days, it is what has developed. I agree we have a distribution problem. However, I am fine with the whales earning. The more people who are winning the more attractive this becomes as an investment.
Also, we really don't need to retain people who do not have anything to put in. Either time, outstanding talent or money.
BTW, it was not harder. Not even close. Talk to someone with a new account now, where they can barely make one or two posts a day and a few votes and comments before running out of bandwidth. That was NEVER a problem in the early days. Sorry, but you're both wrong. It's easier for you now, because you're established, know the ropes, have at least some audience and a vote big enough to provide seed money for a decent payout.