I would use it to empower people and decentralize the token. I don't act differently based on how much money I'm holding, so I would essentially be doing the exact same thing I do now, just with much more stake. Ultimately I believe that the further we decentralize these tokens, the more valuable we make the platform as a whole.
The U.S. dollar didn't get to be a world reserve currency by keeping it in the hands of a few people. Sure we can look at how much of it is centralized into the hands of a few, but the power of it comes from the fact that it's pretty much accepted anywhere in the world as a currency. Whether or not it's worth anything is obviously up for debate, but until STEEM is decentralized it's value is always going to be limited.
I'd rather only have 10 million STEEM worth a thousand dollars each than spend a thousand years trying to milk that much value out of the 10 million STEEM by using it to only benefit myself and get more.
if only that haejin guy thinks like that.. that along with all the bidbot users and runners.
Steem is very much a positive sum game where self profits when others profits.. But sadly people are stuck with the scarcity mindset that even voting power becomes something commoditized. Which totally goes against the whitepaper if i interpret it correctly.
Ohhh 10 million Steem, the options are endless but I know exactly what I'd do.
Firstly, I'd find every account that comment spams and plagiarises and give them $100 USD worth of Steem each before flagging their account to invisibilty. That way, they wouldn't be able to clog up the community with their crap but they would have some Steem to withdraw as cash to help them start again, hopefully in a more productive and beneficial way to the community.
Then I'd hit some of the circle jerking self upvoting whales whose posts never get read but who make a fortune everyday simply by their autovoting friends.
I'd then pop over to fundition.io and look for some struggling young devs to help out with a decent delegation to keep them going and aid their work.
Next, look out for some great real world charitable projects that need some funds, especially in the areas of poverty, homelessness and the environment.
Then I'd give huge upvotes to all the people who have bothered to engage with me on here before looking for plankton who work hard but never make anything yet don't give up.
The amount of joy, happiness and life changing gifts you could give with 10million Steem is almost immeasurable and even if you never took any of it for your own personal financial gain, the absloute joy you'd bring on yourself doing so much good would keep your spirits high for the rest of your life.
@Clayboyn has the best answer here so far, decentralization of the token is essential
Steemit Inc with their tens of millions or Steem Power is already delegating and giving Steem to the most successful Dapp being developed or those with the potential to be the most prolific
However, the spread of the tokens amongst the new breed of upcoming leaders in the last few months in Steemit is without doubt the biggest lacking in the ecosystem today.
Too often we honor the top developers, and the creative writers, but we do not build up the glue of our ecosystem, the community builders.
I would 2nd this idea and extend it further the cause by introducing a true Minnow Support System, a ranking system a kick-starter for community builders to get dolphin delegation (10 Million Steem will easily give 2000 Dolphin delegation) and the to performer 10% gets to double their delegation, and if they top it again, double again to a max of 20,000 Steem Power.
The rest are minnow who rotate with such Steem Power, scores are given to upvotes given to other minnow, and recruitment initiatives, manual curation, community building (starting their own group), and other matrixes that will be used and judge by peers, the top 20% performer of delegated Dolphine (scoring system)
Like Curie for Mentors. Given that great Dapps exist and worthy BUIDL case exist for a crypto, I believe community builders are the biggest and fastest catalyst for decentralization of any token.
Damn, 10 million steem can really do some good in Steem.
I of course will first create multiple accounts under my control and power them up with the 10 million steem. All the steem would be powered up.
With the puppet orca/whale accounts, I'd support various dapps and initiatives via delegations. I would also set out a manifesto for the types of witnesses i will vote for. "want my witness vote? fulfill the following as a witness .etc"
Delegations would work the same way as well. "Fulfill the following and i will consider delegating"..
A fraction of the Steem would be used for a special account that i'd used to start my own user adoption drive. Where I would then market steem with and have them apply for an account from me (just like steemit.inc signup) but with much more stringent requirements and much more instant signups. Perhaps I would focus on Medium.com writers since that makes the most sense. Medium.com is an equally platform that most of the entrepreneurial writers are on.
With 10 million steem I pretty dont need to worry about paying for living expenses so I now have way more time to focus on evangelising Steem to the masses. Hopefully be the marketing force that steemit deserved.
If I am given 10 million steem the first thing I will do is to power up with 7 million steem to increase my voting power as my low steem power have been affecting my activities on steemit.
Secondary I will delegate 2 million steem to various good community on steemit to increase their voting power, I will use five hundred thousands steem to host many competition for minnows like me and cash out the remaining 500 thousands steem.
Maybe I will answer it in brief I will be exchanging them with steempower because it was something very beneficial to myself and to others, have simple dreams, yeah steempower that much
i learned its not all good to not give away ideas for free , look at the way corporations like facebook and google and microsoft do business with their 10 million steempower, they go around buying people out
or they go around stealing ideas that arent patented and then use their 10 miliion steempower to pretend it's theirs.
by the time you get to it your idea would be illegal for you to implement ... the curse of lobbyright
first thing i definitely would do is pack up my cat and move out of Hellgium, the rest is to be seen
View this answer on Musing.io
Cash out about 1 million steem over the course of a couple years to keep the price from dropping hard, and be able to live comfortably for life.
Power up 7 million steem. Of that 7 million-
2 million would go to investing in bots like @postpromoter, @moonbot, etc. and small, new projects.
1 million would go into my own bot, @kiwibot, so I can continue to run and grow that project.
1.5 million would go into Minnowbooster delegations.
2.5 million would go into funding non-profit projects like @busy.org and @musing.
The other 2 million steem would go into investing into new bots and platforms slowly over the course of many, many years.
Thanks! Yes, I'd take that 7 million or so and invest it all of you to help grow our projects. Be nice to have right?
Yep! For sure lol
I would use it to empower people and decentralize the token. I don't act differently based on how much money I'm holding, so I would essentially be doing the exact same thing I do now, just with much more stake. Ultimately I believe that the further we decentralize these tokens, the more valuable we make the platform as a whole.
The U.S. dollar didn't get to be a world reserve currency by keeping it in the hands of a few people. Sure we can look at how much of it is centralized into the hands of a few, but the power of it comes from the fact that it's pretty much accepted anywhere in the world as a currency. Whether or not it's worth anything is obviously up for debate, but until STEEM is decentralized it's value is always going to be limited.
I'd rather only have 10 million STEEM worth a thousand dollars each than spend a thousand years trying to milk that much value out of the 10 million STEEM by using it to only benefit myself and get more.
if only that haejin guy thinks like that.. that along with all the bidbot users and runners.
Steem is very much a positive sum game where self profits when others profits.. But sadly people are stuck with the scarcity mindset that even voting power becomes something commoditized. Which totally goes against the whitepaper if i interpret it correctly.
best answer here, and what i would have started out as well, decentralization of the token is essential part of this
Ohhh 10 million Steem, the options are endless but I know exactly what I'd do.
Firstly, I'd find every account that comment spams and plagiarises and give them $100 USD worth of Steem each before flagging their account to invisibilty. That way, they wouldn't be able to clog up the community with their crap but they would have some Steem to withdraw as cash to help them start again, hopefully in a more productive and beneficial way to the community.
Then I'd hit some of the circle jerking self upvoting whales whose posts never get read but who make a fortune everyday simply by their autovoting friends.
I'd then pop over to fundition.io and look for some struggling young devs to help out with a decent delegation to keep them going and aid their work.
Next, look out for some great real world charitable projects that need some funds, especially in the areas of poverty, homelessness and the environment.
Then I'd give huge upvotes to all the people who have bothered to engage with me on here before looking for plankton who work hard but never make anything yet don't give up.
The amount of joy, happiness and life changing gifts you could give with 10million Steem is almost immeasurable and even if you never took any of it for your own personal financial gain, the absloute joy you'd bring on yourself doing so much good would keep your spirits high for the rest of your life.
okay im upvoting you now in case that becomes true.. hahahahaha
hahaha you are a tart my friend, but I will return the favour for your blantent cheek lol ;-)
@Clayboyn has the best answer here so far, decentralization of the token is essential
Steemit Inc with their tens of millions or Steem Power is already delegating and giving Steem to the most successful Dapp being developed or those with the potential to be the most prolific
However, the spread of the tokens amongst the new breed of upcoming leaders in the last few months in Steemit is without doubt the biggest lacking in the ecosystem today.
Too often we honor the top developers, and the creative writers, but we do not build up the glue of our ecosystem, the community builders.
I would 2nd this idea and extend it further the cause by introducing a true Minnow Support System, a ranking system a kick-starter for community builders to get dolphin delegation (10 Million Steem will easily give 2000 Dolphin delegation) and the to performer 10% gets to double their delegation, and if they top it again, double again to a max of 20,000 Steem Power.
The rest are minnow who rotate with such Steem Power, scores are given to upvotes given to other minnow, and recruitment initiatives, manual curation, community building (starting their own group), and other matrixes that will be used and judge by peers, the top 20% performer of delegated Dolphine (scoring system)
Like Curie for Mentors. Given that great Dapps exist and worthy BUIDL case exist for a crypto, I believe community builders are the biggest and fastest catalyst for decentralization of any token.
Damn, 10 million steem can really do some good in Steem.
I of course will first create multiple accounts under my control and power them up with the 10 million steem. All the steem would be powered up.
With the puppet orca/whale accounts, I'd support various dapps and initiatives via delegations. I would also set out a manifesto for the types of witnesses i will vote for. "want my witness vote? fulfill the following as a witness .etc"
Delegations would work the same way as well. "Fulfill the following and i will consider delegating"..
A fraction of the Steem would be used for a special account that i'd used to start my own user adoption drive. Where I would then market steem with and have them apply for an account from me (just like steemit.inc signup) but with much more stringent requirements and much more instant signups. Perhaps I would focus on Medium.com writers since that makes the most sense. Medium.com is an equally platform that most of the entrepreneurial writers are on.
With 10 million steem I pretty dont need to worry about paying for living expenses so I now have way more time to focus on evangelising Steem to the masses. Hopefully be the marketing force that steemit deserved.
If I am given 10 million steem the first thing I will do is to power up with 7 million steem to increase my voting power as my low steem power have been affecting my activities on steemit.
Secondary I will delegate 2 million steem to various good community on steemit to increase their voting power, I will use five hundred thousands steem to host many competition for minnows like me and cash out the remaining 500 thousands steem.
View this answer on Musing.io
View this answer on Musing.io
Maybe I will answer it in brief I will be exchanging them with steempower because it was something very beneficial to myself and to others, have simple dreams, yeah steempower that much
gimme and you'll see :p
i learned its not all good to not give away ideas for free , look at the way corporations like facebook and google and microsoft do business with their 10 million steempower, they go around buying people out
or they go around stealing ideas that arent patented and then use their 10 miliion steempower to pretend it's theirs.
by the time you get to it your idea would be illegal for you to implement ... the curse of lobbyright
first thing i definitely would do is pack up my cat and move out of Hellgium, the rest is to be seen
View this answer on Musing.io