Today I purchased a mobile app for 2.99 USD. I took some time to consider this purchase, and after weighing the cons and pros for a few months (!), I eventually clicked the button to buy the app and rewarded the developer for the product I got. Shortly after, I read and upvoted a Steemit post at 100%, giving the author close to 13 SBD in payout without spending more than a second considering it.
Why is that?
Giving without giving away
I am not great at math, but even I can see the difference: I invested a lot more time considering the reward to the app developer than I did my upvote, even though the reward to the Steemit post author is significantly bigger. The reason for this behavior is quite obvious, but also interesting.
Unlike a business transaction, in which I give money to another in exchange for some form of value, on Steemit I can allocate a reward to a content creator without paying a cent from my pocket. And that's awesome in many ways.
Steemit presents a very unique content monetization mechanics that is different from ones we are familiar with as content consumers. Instead of donation buttons on blogs, annoying ads or a mass of affiliate links to keep the publication running? On Steemit authors and publications can thrive by doing what they do best: creating and marketing content, giving the community the opportunity to reward them with money that, at first glance, seems to be coming out of thin air.
It's simply easier to be generous with rewards when it doesn't cost you but rather PAY you (with curation rewards). And if it somehow does "cost" (you exchange your earning for steem to power it up), it's still easier than paying fiat, at least for me.
Magic coins and financial anxiety
I have a strange relationship with cryptocurrency in the way I perceive it in relation to fiat. It might be an outdated view of finances, but to me cryptocurrency is not money until it turned into something I can pay the bills with. In my mind, Steem Dollars and Bitcoins are nothing but the potential for money. A potential I am quick to forget and a little scared to remember.
The fact I have never invested fiat in cryptocurrencies, and my first encounter with this mad world was through Steemit, makes me perceive Steem and other cryptocurrencies a bit differently that people who've bought their way into it. It's easy for me to send a 50 SBD donation to an initiative I support, or talk to an artist about purchasing something for 90 SBD, and even use some of my earning to launch my own bitshares token for the fun of it. But when I convert these sums to dollars in my head, they become REAL MONEY, thus turning my decision that much harder.
I don't know if other Steemians like me, who've had no previous relationships with cryptocurrencies, treat Steem the way I do. To me, the imaginary magic coins that multiply in my wallet a week after I publish a post are not as easy to hand out at upvotes, but still much easier for me to spend than fiat.
Your take
That's my story, and my Steemit psychology. What's yours?
- Do you have a perceived difference between Steem and fiat? Why?
- Do you have an easier time handing out upvotes, or do you consider their monetary value in terms of pool reward distribution?
- Do you prefer to hold Steem till you need the cash or convert everything to fiat as soon as you can?
Let's discuss!
Like what you've read? Check out some of my previous posts!
- Mistress of Magic: Morgan's First Apprentice - Chapter 3 - The Demonstration [NSFW]
- How to Mint Your Own Bitshares Tokens - A Guide for Mortals
- Die With Me - Curious Mobile App of the Week
P.S. Who has 2000 followers and pink hair? This girl! Thank you all for not getting sick of my ramblings! <3
I think the key here is the "one step away". Voting power is money, when you use your voting power on someone it quite literally costs you money. But since there is an extra step between that money being yours, and that money only being potential, it is much easier to use it.
The other interesting thing is how it affects the view of liquidity. Many people have an issue with keeping money in their bank account, especially the poor. Got a Christmas bonus? I must immediately spend it in it's entirety on those things I couldn't get for the past year. Even though saving that money for a medical emergency would mean that I would save money in the long term, possibly more money than that Christmas bonus.
If our entire income would be placed immediately into savings account, and we'd actively have to pull money out of the savings account to pay our bills, I believe a lot more people would be saving. And this is something that people that get paid in cryptocurrency already benefit from. It's money in a savings account, which you don't usually spend (aside from some examples you've given) and you have to actively decide you need it liquid in order to spend it. It's a truly wonderful thing, that one step remote of liquid.
Especially when you think that Steemit is a gifteconomy that people can use their wealth (SP) to give out to initiatives that they care about.
When you really like their post its so easy to go 100% and give them an encouraging word and to them it feels so good.
I know we shouldn't validate people on the basis of how much their posts make but is feels so good when people like your content and you see that dollar amount rise.
This is why I have set out to use Steemit as a crowdfunding option for a small school that we adopted who educated children of an indigenous tribe called Aetas in the Philippines.
It is far more easier to click on that upvote because the cost of that upvote coming from a nearly infinite supply backed by your SP which just needs to have its VP revert to 100%
A lot of great Steemians like Taskmaster4450 and Stellabelle talk about the effect of that SP as compounding in a sense that as time goes by your SP will just get stronger and stronger, the rewards you give with a single upvote increases and when you delegate your SP to other people it is still yours and you can take it back anytime especially if you want to power down. But to power down is crazy because of all the innovations Steem has.
I wouldnt be surprised if one day the value of the accounts here become hundreds of million.
I am also awed that it has given a lot of Filipinos like me opportunities. We have so many stories of people able to buy milk and diapers for their babies, send money to siblings, get medical help for their ailing parents and grandparents, pay off loans. Get the financial freedom to stay home and be with their kids.
Steemit is awesome in the way that you get richer by giving out more. Sure some may say you get more by selling the delegation but by actively voting and commenting you create a stronger community. Don't have the time or because there is just so many content out there and you only have two hands and a pair of eyeballs that you can't see all then create delegation warriors like the Stewards of Gondor who is amazing in giving out votes and comments.
Steemit is all about giving.
As a fellow Steemian who hadn't contacted crypto until around when I joined Steemit, I do have a perceived difference between fiat and crypto.
Somewhat similar to yourself in which when I'm choosing to buy something with Real Money, it's a decision which is well-thought out.(at times at least)
Yet with Steem or SBD, I'm even more reticent to spend it, due to looking forward into the future and spying that possibility of it being worth dramatically more than it is now.
I do have an easy time upvoting those whose posts I find enjoyable, yet this may also be because my upvote has such a minimal impact on both them and the reward pool distribution.
It not costing me a thing other than voting power doesn't hurt either!
You could say I value my crypto both more and less than the Fiat in my possession.
I'm able to support myself at the moment with my day-job, thus I think of my Steem as an investment for the future and don't plan on touching it unless desperate, or things are looking grim.
Thank you for your words
That's actually interesting, that you prefer to spend fiat over steem because you have faith in its future value. Never considered it like that. Thank you.
It's difficult to get by this idea that Steem/SBD is little more than another form of "Monopoly Money."
In a sense, that seems like it might be one of the hurdles standing in the way of cryptocurrencies gaining so-called "mass adoption." And, at the very least, this isn't actual money we have here (as you said, it becomes real when you can pay a bill or buy a taco with it), but something more like an investment. Even in the "real" world, you don't get your vanilla latte with stock options.
We made an account here as a possible alternative and in-addition-to Patreon for the exact reason that it's almost impossible to get people to part with their actual cash to help an emerging non-profit organization, but maybe they'd be willing to click a button to donate a few cents of this not-sure-if-it's-real money.
In a sense, perhaps the most worthy thing here is that the structure does seem to offer a bit of a training ground in the practice of giving and paying it forward.
Ha! @poet made me stop calling SBD "Monopoly Money". :)
Yes. That. Absolutely.
Yes, I don't know why. I'm new to the cryptocurrency world and I'm as same as you, I used some SBD that is actual money for making a token on Bitshares.
I actually don't, mainly because of my vote worth almost nothing. I give my upvotes to a lot of people. because, why not? I don't lose anything for doing it, only getting curation reward and rewarding content creators as well.
I always convert the Steem to BTC and ETH, and keeping them in my wallets. and I tend to convert a low percent of it to Fiat.
Oh and btw, This is the sentence of the century -
and now with this post you will make those 3 $ back 20-30fold or something.. What kind of sorcery is this?
Exactly! Magic coins!
Excellent introductory parallel. : )
I also haven't invested anything anything in any cryptocurrency and don't see Steem and Steem Dollars as real money, but only as a potential for money, as you superbly pointed out.
For me, this is even more true because I also don't intend to cash out anything for the first year, I'm reinvesting every SBD earned back to Steemit either through bid bots or through powering up.
As one of the picture you used says, I believe that my non-thinking about all this as a business will ultimately make me earn more. Of course, I (we) might be wrong, but so far so good.
Cheers! : )
I'm much like you. Unless I cash out and convert to fiat which I can use to pay the bills I don't really think about the value of the SBDs. And I certainly don't have any problem giving out upvotes when I like something. It's not like the money comes out of my own wallet (well I suppose it does ultimately if I'm also posting, but I'm not going down that rabbit hole.) In some ways Steemit resembles a game, with SBDs being the points, and SP granting power-ups that make the gaming experience more fun.
Exactly! It's a gamification of rewards for content creation. And that's exactly how I explain Steemit to people: "You write stuff and get votes from other people on the platform, and those points turn into money if you want them to."
That's what I (naively) believed when I joined. And when it works, because of good people creating good content, it works beautifully. However, the gamification rules are weak, and spam authors can easily garner a lot of steem power. Which is a serious problem; even much older systems (such as email / blogs) requried spammers to spend some cost / effort.
Now, one might say that it doesn't matter.. we could just ignore the spam and keep steeming for content and treat rewards just as a side-effect. But then, why would one use STEEM at all? One could simply use an open-source social network such as mastodon along with a system of direct rewards instead of indirect rewards.
All that said, I am still hanging in here for a few more months, hopeful that a solution to spam is found soon.
Very interesting topic and discussion.. On one extreme is what I call "Warcraft gold" - the in-game gold or currency that we spend without thinking. While I usually use it to buy in-game items, I can use it to buy a monthly subscription and save $15 a month. So it's 99% in-game and not real currency.
Steemit currency and Bitcoin are in the middle. I accumulate, and occasionally spend on real world items. It won't pay my electricity bill, but has the potential to pay for clothes and travel in the future.
I think there will be sharp rises and drops in crypto value. I'm less idealistic - I love real world currency, the "system" has been good to me, and who knows where this will all lead.
This stuff reminds me of the BBS era - the beginnings of something bigger. Like the Bob Dylan lyric, "You know something's happening, but you don't know what it is.."
Yes! Exactly! I've managed to avoid LoL and WoW so I can continue having, you know, a life. But I did take interest in Second Life a while back. They had an ingame currency too that my friends were earning quite a bit of by building and designing stuff. I liked that. But yes, Steem is that thing that's happening. A shift in rewards for content creators that I, as a tech journalist, find absolutely exhilarating. I am a techslut. Innovation turns me on. Especially when it shifts our perceptions of things like money and value.
I saw Second Life via friends. WoW is a hobby, but music is my main hobby, so I'm a "light gamer".
I love gadgets too, have a bunch of tablets and music gear at home and in my car. It helps a lot in my career, as I can connect with R&D and Product, which helps me to market their stuff better.
Me too - I was and still am skeptical - but it is too interesting to pass on.
We should totally meet for coffee. :)
Yes, nice to meet another writer! Israeli is such a good place for a tech writer to be. Do you freelance or work at a company?
Freelancing from home at Kfar Saba, the source of magical coffee. Talk to me on Discord / Facebook and we'll schedule some mutual coffee consumption. :)
Just like you said it, crypto is just the promise of money until you can buy something material! I felt that when I got my camera last week, I bought it with Steem and I was super excited to see my 011001-type money turn to euros and then to a Nikon!!
So, to answer your questions on upvotes, I don't equalize them with REAL money, it's that magic trick Steemit does to you. You see it as a game, so as long as no money comes out of your pocket, you can play with it.
And I hold on to my cryptos if there is no urgency to turn them into fiat.
I came here with nothing but my 25 steem deegation from the platform and now I can invest some of my earnings on other cryptos. Steemit is just amazing in introducing noobs (me) to the mysterious world of crypto without jeopardizing their real money
It doesn't have to be material. Virtual goods are still goods. But a new Nikon is sweet! :)
I am like you - I started out with nothing but made connections and invested and here I am, almost a dolphin riding a generous delegation. The difference is - I dumped my fiat jobs as steemit and steem-related projects simply pay more.
Ooooh! I'm too much of a pussy to quit my fiat-paying job, but cryptos definitely help complementing the family budget ;)
As a freelancer it was an easy decision. If clients pay me 200 USD for an article and steemit pays up to 600 USD, it's quite obvious which I should be dedicating my attention to.
Sure, the motivation is waaaay bigger. The downside for me, in Greece at least, is that we need fiat jobs for social security and tax paying. Crypto-legislation is a bit obscure...
I have an accountant managing my stuff so I just ask her what to do. But yeah, crypto-legislation in Israel is just as obscure.
I also see giving without loosing as a win win solution.
and if there will be more peoples and less bots voting then content will be great.
about your questions
of course there is a difference for me between Steem and fiat.
with fiat i buy things and with steem i hope to buy fiat.
i do have easier time handing out upvotes. i handle upvotes the same i handle likes on facebook to content i like.
i thought that it will be a good idea to convert steem to steem power. what do you think? would it enable me to earn more steem and in a faster pace?
I also have a perceived difference between steem and fiat which is honesty what makes it so easy to give. I love that by powering up I’m able to interact with others and give while still retaining my ability to regive in the future.
I have never powered down. Wondering is now is a good time to convert my earnings into steem and power up hard. But knowing me? Anything I power up will be quickly delegated to help out newbies.
My feelings about crypto are fairly similar. I got in early enough, so that the difference in value it holds now versus what I put in seems like magic. I love this aspect, and its great to think about but ultimately meaningless if its not used to make life better in some way. This requres spending to purchase things and investing it in other ways (besides buying more crytpos:). And in most cases (at least for the moment) that means converting it into fiat, to buy things. So yes Im with you! :)
To me it's even more magical. I write stuff I feel like writing, and it turns into magic money. The mind. It boggles.
Indeed it does. :)
With this model, we take out layers and layers of (value-sucking) middle-men and we finally get to see what a genuinely equitable profit-share relationship is like, for the first time ever! #STEEMITFORTHEWIN!
Lmao.. that is so correct saying that crypto isn't really money until you convert it into USD.. I've bought things on Steemit using SBD that I never would have bought for the USD equilivent
I gave out 40 SBD worth of prizes in a contest I ran and recently donated 50 SBD to @isleofwrite . As long as I don't multiply by SBD price in USD, I am all good. But if I do... whole different perception.
Crypto currency is really like a promisory note...it is never your own until you turn it into physical cash...a lot can go wrong and you loose all....thank God for steemit because it's easier to give upvote than pay for a service you've not used before... you've got a lovely blog
I was aware of Crypto currencies through office chat over the years but had never got into them at all until I started my Steemit Journey
I did invest some FIAT into Steemit initially but not a major amount just to give a little boost at the start, and i have to be honest I am similar in a way that I quiet happily send Money to help with good causes or help out friends to support a contest they may be running and dont give it a second thought.
But I can still say what I like most about steemit is the sense of community and support which is so apparent here on Steemit and so missing from every other social media site I have been on
Sure it would be nice if when I retire in a few years if I can boost my pension with a bit of earnings from Steemit, but thats a bonus and not really an end goal I give much thought to.
I know some strategies to how to get the best return on investment for their time one here such as voting only when a post has been on for XX minutes or is from a member who will get you the best curation rewards, but for me to be so calculating would take away some of the enjoyment of the site so I just go about it in my own way as I see somehtingif i like it I upvote now after how long the post is up or who it is by
Cheers
I kinda try to balance both and I commend you for investing fiat in the platform. I would too, if I had any. :)
Well I only invested a very small amount, Just couldnt afford or justify more LOL
I see no difference between steem and fiat, one just currently is more complicated to use than the other. Both of these things are just tokens of transactions.
I consider it my duty to spread as many upvotes around as I can although I do limit these or give percentage upvotes in order to keep VP strong. Voting gives curation rewards anyway, although I don't vote to get curation rewards, I vote if I like what I see/read or want to support someone.
I have been a proverbial penniless artist my whole life so I only cash out when I need something and I am working towards some bigger goals, not just funding my day-to-day life. Money is tight, but I can do that without Steemit. I'm saving my cryptos for some bigger projects
The second to the last image on your post really struck me. It goes to buttress what my friend once told me: "Come for the reward, but stay for the community".
Nice piece buddy
Ma koreh :) love the SNL meme.
I've done the reading but I'm still new to Steemit... what do you mean by "read and upvoted a Steemit post at 100%"? Is there more than one way to upvote?
Welcome newbie! Once you have more than 500 SP you can vote with fractions of it. I upvoted your comment at 1% of my currently available power. Come to the Israeli Steemit Facebook and Discord. We have דחקות.
Thanks for the explanation (and upvote) :) Looks like I have a lot more research to do... and yeah I just joined last night and was chatting with @yairdd.
@yairdd is awesome. And he's the best steemit mentor an Israeli can find.
Good to know! Seems like you really know your stuff, too.
Nah, I just fake it well. :)
Ha... are you in Tel Aviv? I'd love to pick your brain about Steemit... coffee's on me!
I LOVE this! Excellent and well thought out. It's funny how we think about money and time. Many times we don't consider how valuable our time is. To think for months before making a $3 purchase! :). Great thoughts!!
Personally I don't mind converting fiat into crypto as I also do it the other way around. I have been trading with a trading bot and converted some of the proceeds into fiat.
I understand that the bar is lower when you don't feel you are spending your fiat money, but it does also show the appreciation for the creator, whether it be a product or a service.
When come across a homeless person, would you feel better giving them your own hard earned fiat or would rather give them money from someone else?
Steemit makes a lot of stuff easier and we will see the development of it's uses in the near future. Time will tell
I'm also somebody for whom the steem blockchain was the first foray into cryptocurrencies. I have never invested fiat into it and I recently had my first bitcoin transaction as I finally needed to withdraw something from my steemit funds. If there was no need for it in my life, I would have continued to power up like I had done until recently.
While SBD is currently overvalued in my opinion, I think Steem's value will continue to grow in the long run and I would love to hold on to as much as possible. But the greatest value in it that when it's powered up, it allows you to give those awesome valuable upvotes that feel free.
And yes, there is a huge psychological difference between upvoting and spending fiat. Nothing in your balance decreases when you upvote, you only loose voting power and that regenerates itself. The feeling is great and it does not have a real psychological cost like spending a real dollar.
I try not to think about the money when I interact in the steem blockchain, but it sometimes comes into play too as monetary values are something you can see absolutely everywhere you look on the platform.
Do you have a perceived difference between Steem and fiat? Why?
Yes i have witness it myself since my early beginnings on steemit and in general as you said with the app i tend to check the pros and cons of everything before spending my money but i think it's the essence of not having something in your hands or ever before. We all have touched dollars or euros and we know the feeling of spending them and have nothing so even in other forms like credit cards we still remember the times we spend them in our hands
Do you have an easier time handing out upvotes, or do you consider their monetary value in terms of pool reward distribution?
it's really easy for me to give upvotes but i try to be fair to everybody. for example in post that i believe needed a lot of work i will give much more than a single photo post that was taken by mobile
Do you prefer to hold Steem till you need the cash or convert everything to fiat as soon as you can?
inbetween... by now i followerd the first tactic but this week or the next one i am going to have some cash out
I used to work in a bank, and in handling large amounts of money I became quite desensitised to it.
Later, when I began to do a lot of my banking electronically, it became just a set of numbers - nothing tangible. Like you, I have not invested any fiat in Steem, so what is in my wallet has been earned on Steemit - and again, and especially because I haven't figured an inexpensive or easy way to withdraw any, what I see in my wallet is just a bunch of numbers.
So I guess in a way I have an enforced savings plan. :D
When it comes to upvotes, I don't yet have a slider which may make a bit of difference to how I dish out rewards, but I've found that until I know I am below about 80% and have to wait soooo loooong for a restock, I'm not as discerning as I should perhaps be - but there are often sooo many posts deserving an upvote some days it's easy to be overenthusiastic about dishing the upvotes out. I'm far more cautious upvoting comments though, they have to be pretty darned well good to stir me to vote them.
To me difference between Steem and fiat is -taxes. I earn money on Youtube and I pay 27% from my earning in taxes. I will hold us much Steem as I can and as long as I can, because I believe that in 10 years it could hit very big number. So I am here to stay for long time :)
Yeah, I pay those taxes on SBD I exchange as well. So I cash out as much as I need to live as I've left all my fiat clients.
You see youtube split my earning 50/50 and after that I pay tax so I work approx 30% of the money I make there. When I sell art in gallery I have same situation plus inflation rate of fiat around 6%. Steem will gain more and more influence through information and education over time and it will push price up . Fiat keep it influence in the world because it backed up by military .
Thanks for that post - thought provoking!
I find myself afraid to convert fiat to crypto - the fluctuating nature of the the cryptos is intimidating, and a friend of my that did invest fiat in the recent peak lost about 40% of his investment. I do like cryptos and what I get on steemit I hodl, why? Because it's money I got in the platform so it's easier for me, emotionally, to keep it in the platform - and it has a dividend to it so it's even easier.
I guess the virtualness of the payments makes it easier - it doesn't feel like "real" money and you never hold it in your hands before handing it, i guess that giving someone a Trezor wallet filled with BTC will feel harder.
Right now i prefer to hold everything I got in the form if SP as I believe in the platform and want to be a long term member - this SP makes you more influential and helps you advance in the platform.
I'm still alllergic to "app" and "data" and other words, but not to your fiction. Just found this in your intro to Mistress:
What brought me to start writing was actually an attempt to read Fifty Shades.... the world deserved better. ... I decided to sit down and turn the scenes in my mind into text. At first, words rained from my fingertips into the file, filling it at an impressive pace. The problem started when life began to get in the way of writing. Work, family and self-care took precedence over investment of time in an art that didn't yet pay the bills. Now, steemit (that's you) can prevent that from happening, and keep me in the green with the bank.
How much money would it take to keep Ilana writing fiction?
How to keep work and family from stealing your writing time, Ilana???
Steemit is the best and trustworthy, your picture is very good
You are, as usual, an absolute star.
Thank you. And how about the post? Got any insights?
You know my policies, I believe: Right now, I'm not converting any of my Steem to ford. Because I'm doing okay at this time, I'm using all of it to build up my equity in the system by getting SP. And, yeah, it sure is easier to vote than it is to spend money.
Yours is a ford, mine is a lambo!!! :P
Im new to steemit, where does the reward money come from? Is it created by computer systems?
Sort of? If you're new, just assume it's magic. Soon enough you will understand.
Your blogis always engaging and I love it.... Personally i don't have much steem power so my upvotes don't really make impacts but yet I'm not gonna hoard it and i give it to any post that makes sense... I also agree with you when it comes to crypto... They are just like invisible money until it is converted to physical cash... Keep posting great stuffs... Regards
Well my opinion is not different from you. I find easier to upvote, a bit harder to give away SBDs but its really much easier than spending fiat. Means I don't think much while upvoting or giving away SBDs, That's why I keep on offering different contests and giving away SBDs though I have never offered even a $1 contest in fiat currency as its hard to spend :D. I am glad you like supporting others, I will be really happy if I get some SBD support for the contests I host (Just Kidding). :D
I am actually planning to hold a few contests of my own and possibly power up a bunch.
That's a great idea. I will be there if you need any help in any way I can..
money is money no matter what we call it, as long as it carries value
I, too, always convert them in mind in dollars. Probably because in my country are unlikely to be allowed to use cryptocurrency for free access. But spend them I didn't. At the moment it seems reasonable to put all my earnings from Steem in Steem Power, to have the weight on the platform and go forward. I want to become a whale one day, want to vote for quality work not 1 cent. want to help creative individuals achieve success. And of course, I want to implement your dreams and plans too.
I agree with your logic Ilana! Although my steemit journey has just started, and my upvotes don't even count :), I cannot mention that I give away sbd to people. However yes, it is much easy to upvote than to spend dime from your pocket or credit card.
In a way I am sure it would feel awesome for you to share the joy! I do intend to do the same.. However I am a long long way away from it!
All the very best, and remember - sharing is caring! ;)
My 100% (hardly matters, but the most I can give) upvote goes to you, for sharing your honest thoughts with us!
I think a big reason that SBD is easy to spend is because there aren't many things you can easily buy with it. If tomorrow all stores accepted SBD, I'm sure it would become a lot more difficult to spend.
If I was in a casino, and won $100 on roulette, I would pocket at least half of that so I wouldn't leave broke. There are sites online where you can get free crypto and then, if you feel like it, bet it on a dice roll. Do I pocket half of those winnings? Nope. I bet it all! It's because I never had it in the first place. It would probably be different if I payed for it though.
Its the same with steem. I never had it in the first place so its easier to give away.
I also made my own coin on bitshares to reward people for excellent content on steemit. I'd like to award you one for this post @techslut. Hit me up on discord with your bitshares address if you would like to accept it!
This actually gave me some good ideas for new content that i might start... It's easier to give money away when the only thing you had to do to earn it is just use this platform, upvote, reesteem, create content from your own knowledge
אני מכיר אנשים שמתייחסים לכסף אמיתי באופן שאת מתייחסת לסטים, אלו אנשים שיודעים לגלגל כסף להוציא כשצריך, להכניס כשצריך, ולהמשיך להשקיע ולפתח את העולם.
אלו אנשים שהרבה פעמים גם עושים הרבה כסף.
אבל באמת זה יפה שסטימאיט נותן לנו הזדמנות להיות כמו אותם אנשים
להבין שכסף זה בסה"כ אנרגיה שצריך להזרים, כסף שנשאר בכיס הולך ומאבד את ערכו
כסף שמעורר חיים הוא כסף משמעותי שחוזר גם כן
יאללה בלאגן!
Cool Post!
I never really gave much thought about "giving without fearing to lose anything", in some way you really don't lose anything by upvote and even the meter will fill up after a while... not only that you even get something after a week so you can call it an investment.
I don't think this system showing the true value of content, too much is going on. But what I can tell is you can make money in steemit.
In addition to what I wrote, I do find it easy to hand upvotes, and even when I see a low-quality content I feel like I can motivate them to improve (tho my upvote worth s*** :P ). Not sure if that's a good thing when it becomes just a "handing money" thing.
For now... why not :)
I'm not much a talkative person, also my little english doubles that. So I'm not earning through blogging or else, I'm contribution through Utopian and get some from there, I do suck at math. My brother good at trading so whenever he says it's good time to exchange, I'm just sending sbds to him. I don't know how much I earned or how much he gained or lost. But I'm probably gonna stick with 50/50 and play with incoming sbd.
As for the the upvotes, steem platform doesn't have the perfect timeline imo, we only see main activities of people we are following I'd rather see the conversations, their comments on subjects and join the conversation somehow and find people to follow from those convos and extend network, upvote the content, yet this is not on the table so even my upvote doesn't worth atm. I'm upvoting the content I like, and the people I support. I've mentioned there is no deeper activity monitoring, so I only see 5-10 posts on my feed and upvoting them, that's all. I don't convert how much it worth since it doesn't, even if it does I wouldn't do that math.
So in terms of psychology, I think Steemit and Crypho has a bunch of them attached. In terms of Steemit, I have always seen the currency as free money, didn't invest any fiat, can't lose any fiat. Of course, nothing is really free, since I spend a lot of time sometimes crafting a post, however I see this as something that I benefit from anyway.
So to be more specific, I like art, and most of my posts are art contest related, this being not so much for the potential reward, but rather I use it as a means of inspiration. I love the fact that I don't have to think of a topic, since my day job involves solving design problems. So the point I am actually trying to get to(sorry took the long road), is that the real value to me is the fact that I get to skill up in terms of digital drawing, and I get to hang out with people that share my interest in this.
So to be fair, I've never had the power to grant someone some $20+ magical money, but I imagine it must be a great and also somewhat uncomfortable feeling? I don't think I would quite know how to treat it fairly, especially with so much nice content on here. I feel it's a lot like judging art, do I only vote for things I like? What if I can see someone spent hours on something, even though it might not be my preferred style? Do I reward people I know, simply because I like them, or perhaps think in the same things they do? I imagine this could be quite a dilemma, although I do think it's vastly easier to give out money without any big direct repercussions.
One other thing I can mention, it that I only recently really grasped the concept of how much money we are really working with here, after I took some SBD out. (Took me forever since I was a bit of a noob about it) When I finally saw it in my wallet, 10 SBD turned into about R860 (South African Rand). This was a significant amount of money. For about 3 time this amount I can replace my glasses that I've been putting off for like 3 years now or something. This really gave me some context on the actual value of what I am working with.
So this did make me think about the actual value of Steemit, however I don't think this really influenced my vote, but rather it sparked my motivation to engage more with people on Steemit. And of course this has a side interest of earning some money, but then again, I think earning rather than asking is a great principal to go on. And if this could help solve some real world problems for other people and of course myself, how much more awesome does it make this whole community.
Sorry if I babbled on a bit, I do find psychological topics very interesting, hope most of this made sense...
The truth I am very grateful to Steemit and the Criptomonedas as I live in a country every day more destroyed by politicians who govern us, thanks to Steemit I can take a little better this chaos, but now I try to get the necessary because I want to try to raise my SP For my vote to be worth a little more, I know it's difficult but not impossible.
Thanks to Steem, SBD and other currencies I can pay a lot of things, even the food that my family and I eat.
Awesome post. Just followed you !
Awesome post!
This was a great post. I got into cryptocurrency a few months ago and just recently got into the steemit community. So to me, at this stage in my account I still see fiat attached to my steemit account. This new platform is a lot more involved than a normal blogging/social media platform and the learning curve is pretty big, and I had spent some fiat to power up my account, but I know that my upvotes are somewhat of an "investment" into the community and reward others for their work. Even though right now my upvotes aren't really worth anything. I came to steemit to share my photography and other media and stories and I have been impressed with the community so far. I can't wait until I can get to the point in my steemit journey when I can reward my followers more for their support.
Love you from israel !!!
Oh that was such a bad idea, friend.
Why?? Fuck the people who don't like us! 🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱🇮🇱
You know what I don't like? Self upvoted spam comments.