There are three ways to create value on Steemit…
- Create content that gets upvoted
- Curate content that goes on to be upvoted
- Benefit from the increase in Market Cap value
Steemit isn't really a social network, It's a future virtual economic society.
I'll break it down properly in another post but the seeds of the idea sprouted here…
...for now just think about these three methods to offer value in your head.
If you're a large Steem power 'shareholder' then it's in your best interests to increase the size of the pie… the market cap of Steemit.
Sure you can make lots of money curating, but your real payday comes when the masses adopt Steemit and the market grows to accommodate this. If we look at the market cap of Steemit on the 4th of July compared to now we can see a 1500%+ increase.
There is absolutely zero chance that a large Steem Power holder could have made that return entirely by curation over the same timeframe.
So what's with the title of this post?
Anything that increases adoption on a massive scale will increase the value of the Steem platform and ultimately the value of Steem Power and... the stake that the largest holders own.
A good friend of mine from university, Alla, has been pushing up on Youtube the last couple of years with her cooking videos, she currently has 45k subscribers and some videos that have hit millions of views. I talked to her about Steemit a couple weeks ago and sent her my super analytical, nerdy articles and told her how I'd done. She said she'd look into it and it was interesting.
I didn't hear anything back, by that point had released her makeup video, I told my friend about it and all of a sudden she was highly invested into finding out what was going on. It lowered the barrier for her and she saw where she could add value.
She creates quality content, YouTube pay her peanuts…. She has subscribers and can offer value and growth to Steemit. Without a doubt I think that if she were to join here she would be one of the top trending articles of the day.
In fact I told her to make a Steemit cake, something to do with the logo. It would act as a verification post and also show the community she was invested and passionate about the platform.
Which is what brings me to what I think will be a surge in new posts and value creation for Steemit.
If you can convince (this person) to join steemit, not only will you get a whole bunch of whale up votes for it, you'll also be increasing the size of the pie for the Steem Power shareholders. Those two aspects go hand in hand.
So, right now.. Really drill down into who you can convince to join the platform, to not only bring their quality content but also their followers. I can almost guarantee that you will be rewarded for it, it just makes sense to be.
….How I convinced Oxfam to join Steemit...
...How I convinced Warren Buffet to Join Steemit…
The list goes on….
Keep increasing the size of the pie and you will be rewarded...
Mass adoption!