How would you like to be in the top 1%, among the financial elite?
In the world at large, you’d be looking at some serious cash. According to this article at Investopedia, measured in assets rather than income, on a global scale it takes $700,000 in assets to be in the top 1% of households. To be in the top 1% in one of the world’s wealthier countries would take significantly more. In the USA for instance, you’d need $7 million in household assets to crack into the top 1%.
But what about Steemlandia?
As of a few minutes ago, there were 1,046,981 Steemit accounts. Sure, many are inactive (and depending how recently an account interacted with the Steem blockchain, the definition of active can vary) but among those considered active by the statistics that @arcange tracks, as of today there are
8,223 minnows
1,681 dolphins
260 orcas (hush) and
37 whales.
So anyone who’s minnow or larger is well within the top 1%.
Let that sink in. Here in Steemlandia, being a minnow puts you in the top 1% of all accounts.
One million Vests (currently 492.243 Steem Power) is the threshold to minnowhood. Minnowness. Being enminnownated. Whatever the heck it might be called.
Steem is currently on sale for $1.67 so it takes $822 to be among the top 1% of Steem Power hodlers.
Think for a few moments about what it might mean for you and your family if you joined that 1% today and, a few years from now, a hundred million people were interacting with the Steem blockchain and thousands of entrepreneurs had issued Smart Media Tokens, all of which will need Steem Power for bandwidth.
In such a possible future, $822 might look like a small price to have paid to have joined the 1% club.
Disclaimer: This should not be construed as financial advice. I am not a registered financial advisor; I don't even play one on TV. Do your own due diligence. Batteries not included. Objects may be larger than they appear in mirror. Some assembly required. Do not taunt Happy Fun Ball.
Pixabay images
That's a cool way to look at it. I don't think I've been in the 1 % club before Steem! It will be exciting to see how much these $822 will be worth in a few years from now, and how much it takes to be in the 1 % club then.
And surely, Steem Monsters is the key :D
Hehe, maybe. I think it might be a part in what will make Steem have a bright future, but it won't be the only thing. Just want until SMTs are released, and we will see many more apps like it.
Money won't matter in the future. We are entering an era of abundance. So no clubs will be that unique.
It is a small investment that can change your life!
I love these posts.
It would have been interesting if you added your levels of top 10%, top 5%, top 1%, and top .1%.
I like seeing those...it is fun to watch the shift.
Top 10% = 11.451 SP
Top 5% = 35.983 SP
Top 1% = 483.967 SP
Top 0.1% = 10,985.377 SP
Two major milestones in voting power were:
100 SP, where i started getting curation rewards regularly.
1 MV, where you get the vote slider, and your vote could actually move the payout. (meaning you get curation rewards on just about everything, and your posts at least get a few pennies)
It will be fascinating to look back in 2-5 years' time and see where STEEM might be and price of entry to 'minnow-hood'...?
I think folk might be even more frustrated when they realise that they had the chance to join the 1% with zero $ necessary - just a bit of effort!
right on PW!! resteeming
Nice post.
...why can't I taunt Happy Fun Ball?? 😉
For your safety. Its ingredients include an unknown glowing substance which fell to Earth, presumably from outer space.