I started Steemit in 2017 with no money. I don't know how much money is a lot of money but my HP is close to 1,000 HP now. I've sent some of my Hive to Bitcoin. I currently have around $1,000 USD worth of Bitcoin BTC. It appears my accounts on Bittrex and Poloniex were suspended and I had something like twice that in Bitcoin.
But I know these are small numbers compared to whales who may have 100,000 HP or 1,000,000 HP.
Is it possible that I could someday turn my almost 1,000 HP into 100,000 HP? I don't know but that won't stop me from trying and I find that to be worth the adventure.
You could turn it instantly into 100,000 HP if you were willing to convert enough crypto to hive and then power it up but that costs money.
It is possible you could get that posting, voting, etc. It is just a matter how long it will take.
Also the whales will also have grown at likely a faster rate during that time so 100,000 HP may no longer be as powerful as you might hope.
It is hard to say. There is no way to catch up to the most powerful whales without spending money to do so.
In other words, will inflation affect Hive someday or will things be able to adjust, adapt? But I am not interested in catching up with the most powerful whales. Instead, I believe in cultivating what I do have in life instead.
Yeah it was not so much whether you or I want to catch up. It is simply by the nature that you CANNOT even if you wanted to that makes them kind of like FOREVER royalty.
It is kind of a digital feudalism. If the Lords/Ladies are benevolent things are good. If they get angry and are malevolent then it could be bad and there is not much anyone beneath them in power can do about it.
I disagree with you if you are saying people should be equal financially or with the amount of power they may have, I love the free market and I seek after tons of money, power, influence. However, I do encourage people away from monogenerational wealth, lust, manipulative-power, micromanaged-stress, and debt, and towards an acceleration and momentum commitment at long-term multigenerational family respect, reputation, integrity, honor, position, earned-leadership, land, trade, business, natural resources, value, worth, progress, history, heritage, tradition, culture, charm and perpetual whale-like inheritance.
There is ONE way for you to catch up (momentarily). If you purchase a ton of HIVE and power up you can catch up. Yet in the process of purchasing that much hive you will have caused the value of hive to skyrocket so they likely will benefit immensely and can likely power up more themselves to maintain that lead thanks to your efforts. (Everyone that has hive could potentially benefit from that purchase until things level out... how many people might suddenly choose to sell because hive is worth so much?)
If they don't power up to get ahead again then you can be on equal (or even exceed them).
Where are all the people who bought Bitcoin when it was only worth a penny?
Heh... I first saw it when it was worth less than a penny. I thought it was cool. Yet I was supporting my family of 6 on $35K/year at the time. We'd have pizza about once a month or something like that because that was all we could afford.
When I saw bitcoin it was try to spend the $20 on that and skip Pizza, or get the pizza.
I thought it was highly likely the feds would crush it.
I bought the Pizza.
I'd have had like $16 million or so at the height of bitcoin if I'd bought the bitcoin.
Pizza is really good and you probably made the right choice as pizza for the family means great memories and I still remember the times when my dad bought us pizza when I was a kid and I enjoyed those moments.
Yeah it worked out. I have a few missed opportunities. That is just one of them.
I think a lot of them likely sold it when it hit $1, or $100. Few of them likely expected it to keep going, and going. There are a few such people but they are not that large in number.
They are so rich due to bitcoin now and so focused on bitcoin I'd see no reason for them to remotely come here. Not even worth their time.
People in America could be approached by the IRS or others if they sold Bitcoin to dollars, if they bought a bunch of houses with those dollars. I did buy a plane ticket using Bitcoin in 2017 but the website I used probably took some of the Bitcoin to pay for their service and the rest of the Bitcoin amount was probably exchanged for digital dollars meaning the airlines themselves probably didn't take the Bitcoin directly. Some coffee shops in Vietnam said they were accepting Bitcoin but I decided not to buy any coffee with Bitcoin.
Someday, I hope airlines, real estate agents and others eventually do in fact accept Bitcoin directly if they aren't already. But until then, people should buy Bitcoin and hold onto it for many years or many decades, for as long as it takes kind of thing, people got to think long-term and be super crazy patient with investments and everything, especially in this transitional time in human world history which is going crazy right now like never before.
I'm against the IRS but I'm not going to go out of my way to try to get their attention to like sue me, arrest me, fine me, or whatever. My dream would be to someday wake up and find out the IRS was ended. I say as bad as Steem and Hive whales have been, some of the worse whales are in fact the Internal Revenue System or Service (IRS). People probably should NOT spend too much Bitcoin until maybe many years from now depending on what ends up happening these next few years in the 2020s in world history.
Wise.