RE: To Power Up or not to Power Up, that is the question

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To Power Up or not to Power Up, that is the question

in steem •  6 years ago  (edited)

Great post, as always.

Id want to add one more thing we should try pushing more.
Not look at steem simply from the viewpoint of the reward pool which in itself is huge deal... The ROI easily exceeding 15%+2%...
If you curate and are good at it you can get up to almost 30%. Seen it happen.
Actually im trailing a guy that gets 100% efficiency on votes and right now after 3 days of trailing on all the posts he votes i get on average 70% efficiency which is a significant jump for me.

The other side of the coin, and what im refering to is taking into account dapps like steem monsters that could further up your ROI to around 50%.

I project my returns being between 30%-40% in total based on my total investment in the steem ecosystem.

If i took last year into account id have to say that i started with 3500 Steem and now i hold around 14000 Steem in various assets.
The market went down which is a problem but from the accumulation point of view i almost quadrupled my initial steem.

The opportunity exists on steem like nowhere else.

Thats i think something we should be sharing with the world as well.

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I think we should be looking at far more than just the rewards pool. The rewards pool is just a mechanism for distributing inflation. We need to bring in money from outside the ecosystem. I wrote about profit sharing of revenue brought in by DApps in my post, Ideas for profit sharing with Steem DApps. This would involve rewarding delegation beyond just what can be obtained from the rewards pool.

Curation rewards can vary significantly depending what you upvote and when you upvote. Curation rewards also varies greatly depending on how much SP you have. The more SP a user has the more difficult it becomes to get a very high return. Someone with a few hundred SP may only need to vote 10 times a day and could earn as much as self voting. If someone has a few hundred thousand Steem, 10 votes a day will return at best roughly slightly higher than the 50% curation rewards, I would guess lower as people would frontrun them. Below is from steemdb.com.

Inflation_Curation.jpg

The percentage of the rewards pool allocated to curation is only slightly higher than twice that of interest.

Another point to consider. If your current curation strategy is very effective, others will copy thus reducing the percentage reward.

All the points you mention are still great and good reasons to invest in Steem and Power Up.

I will not pretend to have the curation figured out, which is why i trail someone else for a part of my VP but i would assume that someone with 100k+ SP would have to distribute his votes at lower percentages to a larger number of people to get higher gains.
The second most effective curator on the list i posted in my post has around 50k SP and is slightly less effective then the person im trailing.

If your current curation strategy is very effective, others will copy thus reducing the percentage reward.

That is true which is why adjustment is necessary. I probably shouldnt have shared my trail but the point is that indeed, the returns can be much higher.
I do not know of any blockchain that offers so much opportunity for a investors as well as a creator, developer, gamer... etc.
And all that being placed at 80 in MC. Do a comparative analysis of all similar cryptocurrencies and you come to a conclusion that STEEM is extremely undervalued.
Others rely on "halving" or on "hype" but i always ask myself:

Which token out there can offer you so much for so little?

Oldsteem and was pointing out bs happening on the chain in a cynical way.
I still do that.

Posted using Partiko Android

Eeerrrmm...Who are you trailing so we can do it together? I'm barely making 20 steem a week from curating lol

Haha. Well, you have to read more of my posts Elsie. :P

I'm slacking last 2 weeks, working on other thins but I will certainly be by your page this Weekend :))

  ·  6 years ago (edited)

I would be very happy for 20 Steem a week from curating.
I would be happy even for less than the half of it.
Actually nowadays I earn less than 2 Steem a week from curating.
I earned 1.693 Steem Power from curation in the last 7 days.
Nowadays I do not even earn 20 Steem a week from author rewards.
I earned 5.113 Steem Power and 2.135 Steem from author rewards in the last 7 days.

You are most likely using the wrong Dapps! Look for communities that reward their creators fairly, like DTube, Steemhunt, 3speak, Steempress, Earthtribe etc... It's really easy to grow now more than ever. So much support.

El, your content will always make 100x more. Same for me. We win in the long run 😂

A girls wants 1000x more & fucking retire 😂😂

Lets assume that your math is right (and im sure you calculated it so you could share how you came up with that number), but the fact that you can earn that % is exactly why steem isnt worth much. The easier it is to earn something, the less overall value it has in comparison. If you could earn 50% USD with your existing stack of USD, theres something seriously wrong and everyone feels serious pain.

It was pretty easy, wasnt it... It only took a few thousand hours and some smart investments.
Actually, its not easy at all. Lol.
Far from it.

The fact that i managed to do it should showcase the opportunity that exists here for everyone.

You could earn 15% from curation or you might earn 25%.
You could earn 10% returns from SM cards or you could earn 50%.
You could earn 0.50$ per post or you can earn 20$.

The opportunity exists and it all depends on how good you are in whatever you decide to do.

Posted using Partiko Android