It is easy for all of us to look at those with a couple hundred thousand SP and be jealous of them. This is especially true if our account has a few hundred SP in it. One looks at his or her SP, sees very little in the way of voting power, and draws the conclusion that there is no way to advance.
I read about many proclaiming this wish they got here earlier so they could be early adopters of STEEM. This strikes me as funny. I wrote in a post the other day that, if this were a baseball game, we are still singing the National Anthem. The game hasn't even started yet.
Therefore, anyone who is on this site is an early adopter. Steemit is barely 18 month old meaning that it is 7.5 years behind Bitcoin in terms of age. Nevertheless, there are many areas where we seeing STEEM closing the gap. Over the next couple years, if present trends continue, we will see STEEM absolutely explode.
To show you where we stand, take a look at this chart published daily by ; it reveals a very telling story.
According to the chart, there are 8,301 people who have 500 SP or greater in the world. This really struck me when I really looked at it. For me, it is easy to get lost in the sheer numbers on here (600K users/30K daily authors) yet I did not realize how truly rare we are.
Powering up over the next couple months will ensure that you are one of the top 10,000 people on this site. That might seem like no big deal except when you consider there will be more than 1M people on here by baseball season kicks off. Most of those people will be starting with nothing other than the delegation from Steemit.
Being in the top 10,000 with 1M users means you are in the upper 1%. People talk about the Whales as being the elite yet overlook the fact that everyone who is adding SP to their account is getting further ahead of everyone else. Steem Power is going to be a rare commodity going forward.
Why do I say this?
Simply mathematics. By this time next year, I expect a few million people on this blockchain using the main apps. We will see many of them involved in the reward pool that is on here. When hundred of thousands of people are posting articles each day, with 75% of the rewards pool going to authors, that means the SP will be spread thin. Of course, we all believe this will be offset by the price increase.
Consider my projection of $100 STEEM by the end of 2018. If that comes true, it is going to take someone $50,000 to get 500 SP. How many people do you think will be buying in at that level? I am going to hypothesize that it will not be many.
This is why I feel everyone needs to power up as often as they can. I understand there are many people on here who require the income. To those people I can only say do what you can; if you can afford to leave some in SP, do it. I believe it will turn into a great deal of wealth down the road.
For everyone else, power up each time something comes into your account. Do not look at it as $5 or $6; think of it putting you in the 1 percentile on this site. There is a lot to be said for that as time goes by. STEEM has the potential to change the lives of millions and we are putting ourselves at the head of the pack.
Steem is a long-term proposition. The blockchain is active and thriving. We are going to see many apps/changes in the next 6-9 months that are going to really change the balance of blockchain "power". Even though it is not a competition, I sense STEEM is going to run up the charts in terms of price/market cap. A lot of what is out there is based upon hype and potential. STEEM already has a community of users who are committed to its success. It is this fact that makes it a diamond in the rough. In short, there are 40,000 people daily posting on here who will ensure that Steemit is a success.
Being part of the 1% is something that many talk about negatively and for good reason. The 1% in the bankster world are, for the most part, greedy while being unconcerned about the plight of humanity. This is not the case on the STEEM blockchain. On here, it is the exact opposite. For the most part, the people who qualify as the 1% are concerned about lifting all up.
The mindset of a Steemian is in direct opposition to that of a bankster.
If you have 100 or 200 SP in your account, do not fret. With some effort, you can get into the elite status rather quickly. By powering up, you should be able to move your account to 500 SP in a short period of time, especially if the price of SBD remains higher than a dollar. Use this opportunity to advance your account. It is something I think you will be happy you did by the time the ground thaws in the northern hemisphere.
There will come a day when people will look at accounts that have 500 or 1000 SP with envy. When you are talking about STEEM at $100, $200, or even $300, well you do the math. Those people will be saying "I wish I was on here in January 2018".
Since we are on here in January 2018, why not take advantage of it?
If you found this article helpful, please give it an upvote and resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
Pictures by Google Images