First off, I can't do my usual show tonight. I got an ear infection and it's a real bastard.
And after first trying the most manliest thing of just accepting my faith of never be able to hear again on the right side and cutting the whole thing off with a machete, I did eventually decide to go to the doctor and they gave me some drops, calling me a big girl's blouse and they send me home.
I hope they will do the trick. I can't stand ear pain.
The topic of my show would have been: Curation. What Else?
So much to talk about.
I had a cool insight that came to me this weekend. If it's still valid I'll discuss it next week.
It was inspired by who left a rather dramatic comment on my blogpost not too long ago.
The new users are affected tho because of the reward curve change. Their bread and butter of getting rewards from comments had been severely affected. I guess that they are just caught in the crossfire.
It's a warzone out there. But I understand the comment.
I replied to him saying:
I don't agree. A new user will 'grow up' in the system as it is known today. A new user will not know what Steem was like under linear. Therefore a new user will never see commenting as their bread and butter of getting rewards.
But it did make me think. What is the bread and butter of earning STEEM under the new Hard Fork?
My bread and butter have always been my blogposts.
Let's analyze the old fork first:
What was the best way to earn STEEM before HF22?
Get some STEEM, Make a piece of content (quality unknown), buy votes from a bot, get more in return then cost of the vote. Sell the extra STEEM. Rinse repeat, Profit.
Buy STEEM, power it up, delegate to a bot. Collect daily return. Sell for Profit or redelegate to bot.
Open a Bot service. Collect 2-5% return on delegations. Sell for Profit or powerup.
Buy fuckton of STEEM, Make 10x blog posts (quality unknown) a day and upvote those. Collect return for profit or power-up for more self voting awesomeness.
Try to be a decent blogger, find other decent bloggers. Upvote each other. Collect return for profit or powerup.
Build an amazing application, like Splinterlands, and make ppl buy stuff with STEEM. Sell for Profit or powerup.
What did this ultimately lead to? Ultimately, to more selling pressure. Because the amount of Liquid STEEM has been rising for a long time.
A.K.A more sellers than buyers.
What has improved under HF22. Let's work our way through the list.
Get some STEEM, Make a piece of content (quality unknown), buy votes from a bot, get downvoted to DOOM. No extra STEEM, No-rinse and repeat, and No profit. Shit...
Buy STEEM, power it up, delegate to a bot. Nobody uses the service because of 1. , no return. No selling for profit. Shit...
Open a Bot service. Nobody uses Bot service. Close Bot service.
Buy fuckton of STEEM, Make 10x blog posts (quality unknown) a day and upvote those. Get downvoted to DOOM, No profit. Shit...
Try to be a decent blogger, find other decent bloggers. Upvote each other. Collect return for profit or powerup. (Still Valid for now).
Build an amazing application, like Splinterlands, and make ppl buy stuff with STEEM. Sell for Profit or powerup.
Buy STEEM and curate posts/projects/communities that will do well and benefit the platform. Sell for Profit or powerup.
So, What has become the bread and butter of the platform?
Curation is the answer (or building amazing applications).
But for most SP holders it will be curation.
It's not blogging and it's not commenting. WHAT?! I know...
Farm posting blog posts is no longer possible, too many unknown factors will influence the stability.
Content creation has become an extra and hopefully will lead to better content (communities will help a lot!) because curators should be looking for it.
Anyway, I believe that the stability factor now is curation.
But not any curation will do. If you curate bad actors, you will lose (they get downvoted eventually).
It has to be on decent actors.
Will all these decent actors be content creators? No, they will be anyone that adds to the Steem Network in a positive way is what I think.
And as a nice side effect. Those people are way more likely to keep that STEEM too.
Now curation is a touchy subject. Some would like to become the Jean of Arc of curation helping those in need and others would like to become the MC MAX 'Jordan Belfort' ROI Curator 9000 ©.
And most will be somewhere in between.
The most important lesson I'm trying to convey is who will get the STEEM is going to change regardless.
And the answer is: more STEEM will flow in the hands of the people willing to keep it.
That's a good thing.
And the next thing:
To earn STEEM as a bread and butter income you will have to acquire it. Because curation is where it's at. The more you have, the better. But you have to use it for more good than before to make a return.
In the eyes of some, selfish act's like becoming MC MAX ' Jordan Belfort' ROI Curator 9000 © are horrible but they still will end up being a greater good then it was before regardless.
And that's a good thing too.
What a swift in dynamics!
It just makes a lot more sense now to pick up some STEEM under these circumstances and ppl are doing it.
0,5 million more STEEM powered up since my last report (2 DAYS AGO here!)
If you want to keep an eye on the Vested Funds you can do it here. Currently, it's on 202 million.
Pretty cool stuff.
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