isaac, I'm only at rank 42 (below you!). I've put in full days every day for almost 2 weeks and for that I made approx. $3.50! My spouse thinks I'm crazy and hates seeing me "wasting" my days at the computer.
I look at it this way: If I can get $10 in my account and Steem does what Bitcoin did, then that $10 will magically transform into $22,000 in about 6 years. Not a bad investment when you look at it that way!
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Hi @happyme,
I could probably quote you word for word the same conversation with my wife. Until Just a week ago I got her to maker her first post @sarahjanele.
I have learned that are wives will always show us up in the long run. Good thing we marry up ;)
Best,
Isaac
Well, you are WAY ahead of me then! You actually convinced her to make a post! CONGRATULATIONS!
Now the big question is: Do you combine your Steem Power or work at it independently?
Woah!!! I just looked at her account... $222! Gee!! She's doing FANTASTIC!
She has deposited the majority from her ETH. But she has earned some of it.
You think it would be better to combined accounts?
What is ETH?
I'm not sure, but I think that by combining steem (transferring it to one acct.) would yield higher payouts faster. Mind you; if they balance it out more as I read they plan to do, that might no longer be effective. In that case, 2 smaller earnings MIGHT be more than 1 larger earning. For now, there are like 86 (can't recall the real number) accts. holding over 50% of the assets! At the same time, thousands of minnows hold only a tiny fraction.
Sold Ethereum (ETH) to deposit STEEM into her account.
Thanks for the added insight! I am sure we will see a more even distribution of STEEM over time.
Oh wow.... so she began with some power at the start then? Nice.
My belief is that if the current system is maintained a lot of people will become disillusioned as it becomes more and more difficult to get a small piece of the reward pool as more people join. At the same time they see the whales picking up ever-increasing amounts of power as their own diminishes proportionately due to the fact a whale will always get more than anyone else. If that is allowed to continue, I predict another large-scale abandonment as happened earlier. This system is supposed to liberate us from the 1% rule idea, yet it works on the same principal at this time.
Yes, This will be a challenge if not solved will cause many to leave