Couple of months ago, I've invested exactly 3 BTC into Steem at 23000 satoshi price. Now it the price is almost 53000 satoshi.
I have made a +128% profit, plus what I have earned from posting and such. I have to say I am genuinely shocked, positively. I have never thought that Steemit would be so great.
First I had my doubts about the inflationary scheme, but I knew that once the network effect kicks in, the demand will overlap the inflation. Just like in Bitcoin where nobody cares about the minted coins, but rather the fees themselves are the problem.
In Steem, the fees are null. This is genius. So Steemit has the potential to grow exponentially and to potentially replace all other legacy social media.
Making 18,000$ is also pretty interesting, and I really wanted to invest more initially, unfortunately most of my capital is locked down in other places. But even this money is nice. I know for a fact that for most people where the daily income is 1$, Steemit can be a life changer.
Africa and other 3rld world places can easily become 1st worlds if we reward talented people and disincentivize lazy people. This is how progress is made.
So Steemit is awesome, it's my favorite social media, and I wish it will continue to grow and flourish!
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