"Beer Money." It's a thing. It could be an entire new movement. If we chose that.
Funny to read this, as my first excursion of the morning. I spent much of yesterday (hence no posts) taking stock of reality... and realizing that I am also going to have to spend more time in the pursuit of fiat money work. I never derived a "living" from Steemit, but until somewhat recently my liquid rewards were enough to serve in place of a part time job, over and beyond several online businesses (long complicated story) and the small art gallery my wife and I have. Now Steemit has effectively gone from "part time job" to "beer money."
Meanwhile, at around this time last year I found myself having to power down during not-ideal times and went from over 7000SP to 2000SP... at not particularly good prices. And I don't want a repeat of that, because I could just start powering down now and buy myself a little time without taking a job.
And then potentially sit here in December saying "Oh shit!" to myself because Steem is back to $8 again.
This comment isn't about having a pity party, but about the fact that I believe in this place so powering down doesn't make sense. I really do believe we are sitting on something "golden" here. Weiss Ratings wouldn't keep giving Steem "B" ratings (which very few tokens have) if we were sitting on junk.
I have no idea what HF.20 will bring. There was chaos and mayhem after HF.17 and after HF.19 (I don't remember 18)... change seems to cause that, no matter what. There will be people scrambling to modify their "Rip-offski Code" to try to milk the system under the new, just like they were doing under the old. Because that's human nature.
Beats me. But let's enjoy a cold beer whenever the opportunity presents itself.
:)
We are in a similar position and mindset.
I wasn't aware you'd powered a lot down out of necessity, and i'm sorry the timing wasn't ideal. A repeat of last year in this regard would be terrible, so anything to avoid that should be considered.
Same. But next time, if there is a next time, the token shoots up 700% in just a week or two, I will be looking to cash some out as a buffer while the cycle completes. And if i've got some left, I'll probably buy back in :)
Without a doubt! I can't see HF20 changing things too much, but if there is a new exploit, its certain to be taken advantage of.
Chins up!