Last week I ran a competition experiment where I delegated various amounts out to people and added a few more that I would upvote a little from time to time. Every Sunday I will try to give a brief update however, I am not the one qualified for this, those who 'won' are and I ask that if they can drop a comment on the post to tell of their experiences. It doesn't have to be a long comment, just something that others who read it might want to know.
It should be that from about this day on, they will be getting payouts from the posts they have made (I hoped they would self-vote their article posts). I asked that they would use some of the delegation to give to others in the community if they chose. And, I hoped they would power some of their earnings up.
500 delegation for 4 weeks
250 delegation for 4 weeks
Some votes when I can for 4 weeks
I am running this experiment to see what are the minimum levels for some people be able to build themselves and give a little to the community. Of course, it can be done at any level but I am wondering if 250 is enough to start with and once at 500, the support could be removed. This of course takes time and I am not large enough to run the experiment for long however, the feedback I get might encourage others to try to delegate a little more also.
I am hoping these people to have at least a couple of extra Steem powered up by the end of this as that might help them a great deal in the future and if community thinkers, they will also be able to help new members coming on to the platform. All of these cents add up, never underestimate them.
This experiment will run for 3 more weeks before the delegation is cut but I am hoping it will help you guys understand a little more, benefit and perhaps get a feel of where it could lead if more people think about the community.
At a very basic calculation level.
2500 SP has a current vote of 57c (prices are 'low')
10 a day is 5.70
That is 2.85 SBD / ~0.7 Steem at 50/50 payout.
if converted now, it is equivalent to 3.5 Steem a day
3.5 x 28 days = 98 Steem.
98 STEEM is currently worth about $350 US.
That is how much the 2500 STEEM is around about worth to the Steemit community on current prices.
Here are the lowest earning countries per capita in the world. These numbers are YEARLY figures.
- Malawi $250
- Burundi $270
- Central African Republic $320
- Liberia $370
- Congo, Dem. Rep. $380
- Niger $410
- Madagascar $440
- Guinea $470
- Ethiopia $550
- Guinea-Bissau $550
The gaps in this world are quite large aren't they? Do we want the same here? Small amounts can add up and make differences for many people.
When Steem hits 10 dollars 98 = 980
When Steem hits 100 dollars 98 = 9800
When Steem hits 1000 dollars 98 = 98000
If you can make 5 Steem now, it is potentially 50, 500, 5000 dollars respectively. At $500 it is 2 years of income in Malawi. You want to help people in the world? Work and hold a little for the future as you might one day want to use your own 2c, 20c, $2 or $20 dollars differently than you are now.
There are a lot of ways to approach this life, lots of ways to make the world a little better. Find one.
Taraz
[ a Steemit original ]
EDIT: I forgot to add, if you need help with anything, let me know.