RE: Amazing profit potential! Here's how to earn a whopping $8,500 per year by locking up $250,000!
Hahahaha, about 0,8% return on annual bases and calling this sarcastic? Real life interest rates from banks are then also a joke! :) Owwww, indeed, that is a joke! BUT, the good side of things of about 10 years of low interest rates is that apartments prices in eg my home town of Amsterdam skyrocketed allowing only the 'rich' people to be able to afford to buy a home in the city. Ah well, I guess all those who are not 'rich' can earn extra money through Steemit to move themselves up the chain of richness. Another good thing of Steem is, one can earn some money on top of trading cryptos! Agree with your wish to try and change things, we need to. I throw in another one: Remove Steemit, remove the blogging service, simply return to the mechanism of a crypto blockchain. Create a real game out of the distribution of Steem, without a real human readable UI, and see what happens. Funny as well, now Steem is a bit lower in fiat value, I read many posts and comments the amount of activity on our blockchain decreased. Or is this related to our founding father Ned powering down all his SP he didn't delegate to others? Is he now running away?
Crypto life was, is, and will stay a gamble for the considerable future. Kinda Las Vegas but a more interesting rollercoaster :)
Negative rates are a whole different issue completely and also adversely change one's finances and incentivize idiotic spending and loan-making hence the giant speculation bubble we've seen. Though you'd need to be earning north of high 8.something percent this year to be breaking even here considering how much steem is to be printed yearly.
Agree, inflation is much more than 0,8% in Steem land, but then again, the fiat value of Steem is going with much higher fluctuations making any interest payments on Steem more or less irrelevant. Why going for maximum return with bots and all giving maybe the 20 to 25% return on Steem while Steem decreased 6 times in US$ value in last 6 months, and can gain 10's of percent on daily bases?
Can't control the value changes on the open markets, but you can definitely control how SP holders are rewarded within the STEEM ecosystem. And given that there is still powered up SP there is clearly at least some interest in increasing SP holdings from within the platform as opposed to just relying on making trades. Also, it is extremely tax inefficient to be making trades to try to grow steem holdings depending on your country of origin.
Agree we as individuals can't control the open market, but somehow it sounds strange to me to talk about some percentage gain in something we do with our SP while the fiat value of Steem is way more volatile and makes any gain on interest, curation or whatever more or less irrelevant. When we would be able to pay our daily needs with Steem while the amount we pay for products and services is kinda stable, than I will have a different view, but so far, hardly anything can be paid with Steem that we require on a daily bases.
But yeh, when looking at the dynamics and economics within social networking around the Steem blockchain, I agree with you and Kevin and all those who believe we shall create a more honest and fair Steem distribution system based on Proof of Brain, meaning more or less: when putting in the work, and providing some sort of value add to social networking, should be able to get some rewards... with the aim to more equalise the playing field and driving towards more equal power distribution.