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RE: Moving to hive
yes but for whales it is also self interest that they choose to upvote minnows. See right now steem is somewhere between $4-$6. If we bring in new people (and they stay and buy steem and power up) this creates demand for steem, which will take the price of steem to (eventually) $100. So, if you have 100,000 steem and you encourage new people to join and help steem hit $100, you just made $99,400,000. If you post dailt and just take from the reward pool, (haejin makes approx $4,000,000 per yr) it will take him 24 yrs to earn that. where as, steem can hit $100 in under 2 years...
So it's more profitable to actually be nice. and not rape the reward pool
Totally agree! Be nice here, be nice in the real world and help anybody you can without asking for anything in return. The life has its own ways to thank you for your kindness. Keep up the good work Dear Steamians! May the power be with you!
That's a really good point that I hadn't considered in the whole incentives structure debate. The question is how does that balance with my obvious self-interest to up-vote myself when I respond to your post? Shouldn't I be able to reward myself if I own enough Steem? It's a really weird dilemma to try to work through.
you can reward yourself. Everyone can. In a previous hard fork there self upvotes weren't allowed by the steem blockchain. But there is an easy work around... create a new account and upvote that one instead, same shit...
My arguement isn't meant to stop people from upvoting themselves, feel free to do it, if you bought steem you've invested and self upvoting is a way to recoup money on your investment. I'm just saying you will make a shit tonne more money if you upvote other people instead.
A rising tide lifts all ships. We are all on the same ocean, so you can either use your upvote try build a dam and lift your own boat, or contribute to steem, play the game give everything away and watch your invest grow....
Now here's the fun part. The example you quoted, was with steem at $100... that's easy, year or two steem will be at $100 (provided enough new people keep coming in and qualtiy content also increases). Now think about 5 years from now. steem at $1,000... suddenly, that $10,000,000 in steem (100,000 SP) is worth $100,000,000... All because you weren't selfish. because there are 100 million steemit users, because SMTs are here...
and your 4,293.181 is worth $4,293,181 that is why you shouldn't be selfish...
That is true, but try to explain that to haejin or his followers
I feel like people just dont give a damn about it. For some reasons they just prefer to stick to their old habits and not browse through the steemit to look for the steemians that touch the similiar topics as @haejin. Who knows, maybe certain people do it two times better but they get pennies, because they are not so well known.
Anyway I think it should get clear and obvious for all of us that someone is standing behind @haejin to upvote and uprank his posts, just take a look at the reward: almost everywhere they are equal to 300 $. I would love to see this madness being stopped.
Ranchoralexo is standing behind and supporting haejin
Yes, it seems so.
I have the feeling they're one and the same. I also saw that Haejin only ever delegated (100! lol) SP to another user. This user is now copying most of his posts into Korean and posting them as well...If that's not fishy, then I don't know.
Ranchoralexo and haejin are different people.
Okay, thanks for clearing that up. Somehow they must have worked out some kind of collaboration. I don't know, the whole thing is just wrong either way.
No problem!
Great point! It is smart to hold Steem for the long-haul. It has some serious potential. I am powering down a little now, as I need some extra cash to help finance my house move, but then I'm keeping the rest in the platform.
And I am looking at a long term plan to build up Steem by posting quality content!
I understand, if you need to power down then so be it. but if yo udo get a chance, buy more steem when you can. It will be worth it.
This make sense. I am new and hardly understand steem language. But this is the most logical comment I ever encounter in my few days here.
would you mind checking your math again please, I think you´re off by factor ten
100,000 add 00 on the end, becomes 100,000,00 move comma to the left by 1 digit 10,000,000 looks good to me
100,000 add two zeros to multiply by 100 = 100,000,00. Move comma left to put it in the right position = 10,000,000.
How are you calculating it?
I´m still one of those old-fashioned guys who calculate in their head and to whom it appears to be a miracle if you have 100,000 Steem at 6 US$/Steem which turns into 10,000,000 US$ when Steem is at 100 US$ and then "you just made $ 99,400,000."
But who knows in this wonderful world of crypto and technology, of which I understand very little, anything seems possible.