RE: How Much Would it Take For You to Quit Your Job and Work on Steemit Full-Time?
The part where you break it down into tangible goalposts is just the kind of discussion I have been looking for. I see some of the other commenters are not sure the future is so bright for Steemit... so I don’t know where that leaves me for sure. But I actually just quit my job and have several irons in the fire right now, and Steemit is one of them. So, I will reply to your questions with the assumption that Steemit is stable:
First off I need to support myself, my son, my dog, house, car, etc. At minimum.
“How long would Steem and Steem Dollars have to sustain a given price for you to feel comfortable with quitting your "day-job"? “
I dont know how to answer this because I am hearing that the higher Steem is priced the harder it will be for minnows like me to earn Steem. So I need it to not jump to the moon quite yet! I would like it to stay how it is for a few months so I can have time to grow here. Then... to the moon! :)
I think your estimates for sustainability seem good. Having $1000 SP and $1000 SBD seem like good targets. I want to go above that, but I might be able to lean on Steemit for income at that level.
As for the rest of your questions, I dont know enough about what its like at that level of Steemian to know what my voting habits would be. I am going to love paying it forward though, so I know I will do a lot of curation and helping with community efforts.
Hi @dflo, Thanks for stopping by :)
Your response is exactly what I was looking for!
Moving past the part where it's harder to earn Steem now than it was previously.. I would agree and disagree.. Everyone's vote value is worth more just as much as Steem is worth more.. so you effectively earn the same (or close) to what you would have earned before. It's not like the price of Steem goes up and your Vote Value stays the same. Is it proportionate? I'm not sure, but it's definitely not a 5-8x difficulty jump for a $5-$8 Steem value (compared to a $1 Steem value).
With that said, I wish you the best of luck on Steemit! (and your other irons on the fire!). I took a look at your blog and decided that I'll follow you for a bit. There were a few articles on there that seemed interesting to me (I'll have to check back on it later though because I'm about to head off to sleep).
Thank you so much for sharing!
I believe that the future is Bright for Steemit. There is a significant amount of loyalty to the platform among the community and I feel that we'll make it through everything just fine. Even with the significant rising prices of Steem / SBD!
Oh, that makes sense about vote value. It also explains why my vote is suddenly worth more, lol. Thanks for explaining that. Always so much to learn. Have a great night!