You are viewing a single comment's thread from:
RE: DON'T Quit Your J.O.B. (Stop The Minnow Madness!)
YOU CAN'T POWER DOWN AND KEEP STAKE IN THE SYSTEM
well yeah...
you can.
if you power down, say, 500 steem a week.
earn 600 a week to replace it with
.
AUTHOR REWARDS
Estimated author rewards last week:
466.434 STEEM POWER
0.000 STEEM
897.376 SBD
that'd DO IT?
ya think?
So 600 STEEM a week is earning $1200 a week currently. You would need to earn that every week as the increase in signups happen. Plus you are taking away 600 STEEM POWER from yourself each time you do it that could have been used to increase your future earnings. My point is you aren't increasing your stake in the system but instead lowering it over time. It is definitely an opportunity cost involved in powering down. And there is no promise that you will continue to make the amount you are as the user base continues to grow and new changes are introduced.
those who say it cannot be done
should not discourage those who are doing it.
That is a feel good statement but is very shallow in actual application. "those who are doing it" implies success and we are not talking about that group. It would be more accurate to say:
"Those who say it cannot be done
should not discourage those who are attempting to do it."
So that is closer to our conversation but then it is flawed. My kids want to attempt things all the time, but that doesn't mean it can (or should be) done. It sounds nice but there are somethings in life that are just bad decisions no matter how bad you want to "attempt" it. I get that this might sound negative. However, there is a reason why we do research and planning before just going with our gut.
yeah...it feels pretty good.
a thousand a week good..
and I've bought a boat...
from steeming..
nothing ventured nothing gained son...
that's what I tell my grandkids...