I realized tonight (and for a while now) that the work I do is not the work I want to do till I'm 67 (Dutch pension age).
I can say that buying STEEM on the downtrend was probably one of my biggest risks takings and it appears to have been a good decision so far. And maybe my salvation, lol!
Tonight, I was wondering if it would be possible for me to live off the Steem blockchain as a content creator and curator.
Living off Social media has happened before on Youtube, So I can see it easily happening on STEEM for many users.
I have always said that when STEEM becomes more popular the blogging difficulty will go up and it will be tougher and tougher to earn STEEM tokens through content creation.
It's simple math. More users trying to get a part of a fixed reward pool.
The dollar value of the payouts can still increase if STEEM goes up in value but you will get less STEEM tokens for the same effort.
This is excellent news for anyone that already has STEEM tokens. And one of the reasons I think having and holding tokens now is smart if you enjoy blogging and if you believe the platform will get bigger in the future.
Finding a steady income
To live off the Steem blockchain I need to generate a steady income. Steempower is the key.
I can't sell the steempower I have, even though it's worth a lot and live of that. (it's not worth enough yet)
I need to use this to generate more STEEM so I can live off that.
This new STEEM can come through blogging and curation rewards.
When the real big powerhouse content creators come to STEEM I'm not sure if I can compete with them :) I'm realistic enough. So I need a backup plan for blogging.
And for me, that's curation rewards.
Curation reward is like interest on the bank. You earn it by giving Steem away to other users (I love this part! If I try to explain this to people that live in old thinking then their brain just explodes.)
And If curating generates enough new STEEM for me that I can live off I'm where I want to be.
Right now I earn around 180 STEEM per week curating. I calculated that with that amount and $4 STEEM I can make it. That's a steady income I can build other things on.
Man! Isn't it fun to dream sometimes :)
I talk about it more in my vlog.
