Why I Bought 250k Steem During The Dip & Just Getting Started

in #steemit6 years ago

"Skate to where the puck is going."

Centralized social media and data storage was cute. It had a good run and served a valuable purpose, and for that, I give credit where credit is due. It just didn't work out; this was a stepping stone, not a foundation.

Our data, is well, ours. Facebook/YouTube etc. are just illusions of content ownership. These giant companies pimp our data out to the highest bidder leaving the content producers like milked cows. The biggest threats these business impose is censorship via shadow bans or outright banning.

Parasites, big centralized corporations feed off of users and prey on their privacy. Even though this is going on, I knew deep down the average user does not care and wanted only wanted a good user experience, decentralized or not.

Insert upvotes that pay the content creators. Steem has the magic sauce; the ability to pay your favorite content creator without actually having to pay out of your own pocket is a paradigm shift.

Big businesses become too top heavy and implode. Let's look at Blockbuster, a former fortune 500 company which was one the safest, highest returning stocks in history, once upon a time. A little thing came along called the internet, and well a neat idea at the time, "probably wasn't worth Blockbuster selling all of their stores and firing all their employees, because this would be a disaster for their stock price," - thought their advisers.

Blockbuster chose to ignore Netflix and double down on marketing and smear campaigns vs. internet businesses, which worked well because most people called internet businesses Ponzi schemes back then.

It wasn't that blockbuster didn't see the internet train coming; it just couldn't move off the tracks fast enough. The thing about this big centralized business is they have so much overhead; they merely implode once a better technology that undercuts their business model. The internet made it faster, cheaper and more convenient to rent and buy movies, blockbuster couldn't compete, good game.

The blockchain is just a better version of the internet, fast cheaper and more reliable. Utility Tokens are looked at as mostly Ponzi schemes in this day and age, "and it probably isn't worth Facebook to fire most of its employees and cannibalize itself into a decentralized business model." ;)

The biggest competitor for Steemit I see would be Reddit, but with Reddit Gold pulling in over one million in revenue last year, they have yet to show signs of wanting to decentralize. At this point even if they did want to decentralize, the Steem blockchain & SMT's coming up would be a far better option to buidl on.

Steem already has a huge hardcore incentivized community. The Steem Witnesses I talk to all believe in this movement so much. When a villain got control over my account, @GuiltyParties went the extra mile to get my account back. (Vote for GuiltyParties as Witness) Several others were eager to help me as well. This place turns into something much more than just a content creation platform; people have each other's backs here.

In case you didn't notice, pretty much every centralized social media platform is ramping censorship up. The slope is slippery, and the divide is great. The ability to channel information that supports specific agendas is dangerous to our world and thrives in the current environment. Information should be open source, and everyone should have an equal opportunity at the truth. The tipping point is near, and content creators have been pushed into a corner, and they are starting to jump on the Steem Train.

Right now some have issues with this or that on this platform, but as far as I am concerned it's the Steem Train, or your ass is walking. Putting trust, all one's eggs into the centralized vulture nest is not ideal; anytime they can take your voice away.

I am just skating to where the puck is going. Steemit provides a safe haven for all content creators who fear of being banned. I never had to do anything fancy to get where I am, sometimes in life, the answers we're looking for are in plain sight.

Steem is a clear "Yes!" as an answer for me, and it's not hard to see where this amazing platform will be heading.

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I have been on the Steem train for a little over 2 years now.

In that time period I have seen this blockchain transform from a small website Steemit.com to a complete social media platform (Dapps).

It's been one of the most amazing things I ever been part of and to have seen it all unfold from the start has been cool as hell.

Steem also changed my own life in that same time period giving me the opportunity to give up my own IT business and gain more freedom.

Right now, the future for Steem is clear with easy signups, SMT's and communities.

I am 100% convinced that at some point this train will leave the station at lightning speed and then it's just a question wether you are on board or not.

You sure are.

Nice article!

Agreed, very bullish on the future of Steem, only crypto seeing consistent, valuable usage

Agreed! :)

Cheers, here's to the next 2 years!

I got your point, but...when you are not a whale or a dolphin, does it count also, to be on board? If you just write and don't invest or having some whale as a friend?

I enjoyed the process when people called me a minnow. I enjoyed the process when people called me a dolphin. I enjoy the process when people call me a whale. At the end of the day, I am happy regardless, and the only thing I really listen to is when they call me Dan. ;) @ritxi Create content because you want to express yourself and the rest will fall into place.

Best comment ever.

I agree. Great comment.

Yeah, I sort of resonate with this comment. I have learned that if you aren't happy where you are, you won't be happy anywhere. I've gone from being ridiculously poor, to the other far end of the spectrum, then down somewhere in the middle through a series of mishaps; then bounced back up and around some more.

Honestly, it is more difficult to be happy when you become wealthy if you didn't have your psychological trip together when your were poor. Everyone here would do well to understand that and take it as hard earned wisdom.

That is true, if you can't be happy when you are down, you can't be happy period. Money def isn't the key to happiness, being thankful is what helps center me.

Im curious to know how do you intend to use your stake. A solo curator? Content creator? Or community supporter?


By the way, I like the tone of humility on your words Dan. Stay awesome and steem on!

All three. I plan to help in anyway I can and use the platform like it's intended by making content I like and upvoting content I like.

That's great! Following you now :) if I have money to buy 250k sp, I will do the same as you. I'm looking forward to your interview with @timcliff, I just finish reading @acidyo's interview. It inspires me to power-up :)

My 2000th follower, gotta be lucky!

Wah! Seriously? :) i have to screenshot this. That makes me your 2nd millenial follower, hehe. Let's see if who's gonna be the 3rd😊🍻

Yes so true, Steemit is really awesome and many things are in developement, this will be huge!

I joined Steemit at its best time (awesome days), now even at this low point I stayed because I do believe in its potential. Your 2 years of tenacity inspired me to keep going for steemit. Cheers😊🍻

seeing something you like grow from scratch is always soothing.

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Hi. I do an interview series called "Interview a Steem Stakeholder" to help inform the community about the views of the largest Steem stakeholders. I think that as a new large stakeholder coming in with purchased stake - you will offer a very unique perspective :) Would you be interested in doing an interview?

Thanks for reaching out Tim. Sure, an interview sounds great. Reach out on Steem.chat or discord, same username "dhenz"

Couldn't find you on discord searching for dhenz, but I reached out on steem.chat :)

Yes across the board!

I just had to Follow you today @dhenz after you putting your wallet into Steem I want to follow Winners that are committed to Steem..

With all the interest in attracting investors, someone should be interviewing you. @TimCliff has a movement coming right up to attract people like you. You could probably give him some good ideas...

I appreciate you looking out. @themarkymark and I did an interview but really it turned into us just having a good conversation. I am open to helping the platform and spread the good word anyway I can.

Thanks for the shoutout buddy, didn't even see that.

My pleasure bud.

Wow, you are all in! Onwards and upwards!

Steemit already has so much registred people its above a Million right now so the community is very strong (250k active users).
When Steemit becomes like Facebook what do you think will happen with the price of Steem?
In my opinion your choice was wise, and you will certainly not regret it Dan :)

The consistent growth of Steemit is a nice sign for sure.

Price might rise with the interest for sure. So great idea Dan, that you invested nowadays when STEEM is below a dollar!

This might be the last time we see Steem below a dollar.

It might but I don't think so, more likely it will go up and down as every crypto.

@sadkitten is countering 50% of @amahovac93 self-votes for 1 week starting Friday, August 31st 2018 because it is part of last weeks top self-voters. For more details see this post.

250k active users? I think it’s a lot less than that right now. However, your point still stands, it’s a worthy investment in my opinion as well :)

This was posted 2018.02.26

That chart is only about accounts that have been active at least once. Doe's not reflect active daily users.

i was about to say that :P

@sadkitten is countering 50% of @amahovac93 self-votes for 1 week starting Friday, August 31st 2018 because it is part of last weeks top self-voters. For more details see this post.

probably another few years.

reading this article just increased my hope and faith in steem

Hello, Dan @dhenz

I'm an Egyptian poet/thinker & sitting up straight/paying attention after having discovered your Dtube channel. Thanks, for the helpful, accessible breakdown of why Block chain is the future.

Following you and look forward to learning more. If you'd care to learn more about my work on Steemit and beyond, here's a short profile:

Interview with @Yahialababidi: Master of Aphorisms!

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