I currently have 577 Steem Power. That's over $1450 USD worth of Vests. That's $18.75 US Dollars per day!!
The vesting interest I'm earning will let me retire before I'm 25 years old!
A friend of mine is already earning more than me off of one post!
My old maths teacher is also earning more than me off of one post!
Each of us will be able to retire within the next couple of years!
You too can achieve this with just one awesome post!
I posted previously talking about how much vesting interest I was gaining. Some of the numbers were incorrect. I wasn't far off the mark.
All it takes was one smashing post to get picked up and you're on your way!
Even if you've been here for a while and you still haven't achieved the results you expected I can guarantee you it's only a matter of time!
And
Already my voting power pays people 2 cents. I can pay myself 2 cents on anything.
I'm a Minnow that's raining money baby!
If you haven't hit the jackpot already your time will come!
Hang in there!
When you do hit that jackpot you'll be dancing with the rest of us over-intelligent monkeys.
(Assuming you believe in Darwinism)
And until then...
Congrats bro , I'm really happy to see people succeed on steemit
Thank you man :)
I believe it's not that compound. The number of your VEST is not increasing, only Steem. So, you're gaining interest to the same base every day unless you earn author rewards. It's not that easy to retire young. :)
That's my understanding as well. Your SP is increasing as a function of inflation -- so even though your SP is going up every day, due to supply inflation, you're not any better off than you were. What really matters is how many VESTS you have, which you can check at https://steemd.com/@yourname
This is true, but once we reach parity between new users and inflation you should see those steem you gain retaining a great level of that value. In short, your steem tokens might actually not go down in value to reflect inflation of supply because the demand is growing at least as fast. :)
However, you are 100% correct @sanbir---retiring young is not easy... I've been in crypto for 9 years and though some might see me as a whale here they tend to forget that I can't access all of it at once and must do my best to help provide value to the minnows and dolphins or watch it become worth far less.
Thanks for your time ladies and gents :)
Yes due to the way the system is arranged SP is designed to stay worth about the same (though in practice it will probably go down) and STEEM is designed to definitely go down due to inflation. The question is how these things will actually work in the real world and only time will tell.
Definition of Compound Interest: Compound interest is interest calculated on the initial principal and also on the accumulated interest.
informative , and thanks to you i will study this
check out my latest blog here.
https://steemit.com/trading/@me-tarzan/the-steem-bull-when-will-he-return
Thank you for the post 💪🏼 I will get my own hospital
keep it up homie!!
I have 1 cent of voting power, so you are welcome for the penny :)
Congratulations friend, go ahead, how good is coming
Disclaimer: This was reposted to include testimonial evidence.
IF steemit takes. IF STEEM is in the range of 3$ and not 30 cents. Lots of ifs.
Why would you want to retire anyway?
Can you give me the link to the calculator?
Thanks
True. This is just a testimonial at this point and time. Thanks for the actual thought in your comment. here you go
Please, post screenshots to prove. From what I say, you hardly earn few cents a day lol
I have. It's at the top..... This is testimonial evidence of vesting interest not curation or author rewards. You may want to go read the Steem Whitepaper and find out what that means. No offence intended.
What I meant are the screenshots of your actual account balance plus sreenshots of your rewards from last few days not some made up calcualator input.
All you had to do to see for yourself is click on my wallet. See.
And I apologise for inquisition ;-)
Yes, I have checked it now. Because of some reason I didn't see it before so I was suspicious. I have checked up your rewards. Tham makes sense now. Thanks for post
You can see my Steem Power balance and the calculator uses that to calculate my vesting interest... Seriously dude. You're discrediting me for nothing.
Screenshots, please. I'm not descrediting unless there is actually something to discredit. If you post such extraordinary claims, you have to provide extraordinary evidence. Please just post what I asked for to support your claim. If it is as you said, then it may be very interesting
I'm worth $151 Billion. Proof below:
Lol :-)
Can you explain me what the first picture shows?
Thank you!
It shows the vesting interest I'm gaining from my Steem Power. You can calculate your own here
Thanks
Hi @senseiteekay im inspired with your post thank you