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RE: All your steem are belong to us
Well, of course the price of steem would matter.
I don't think steem was ever intended to provide a basic income for everyone. It is a social site, where you get some of the rewards.
Yeah, that's true. However, a lot of people come to Steemit as if it were a way to become millionaires. Not only can you earn money, you can earn cryptocurrencies, and cryptocurrencies are exploding and are going to make everyone a millionaire! (right? right? wait, Economics101, where are you going!)
I think the idea that it is Steem's job to make a bunch of people millionaires is part of what fuels the idea that some people are failing.
To me the win is for the person who makes .10 cents writing something they wanted to write about anyway.
Or creating a book club, or making a video and fine tuning the skill set that goes in that.
I didn't realize so many people think they will get mega rich on SteemIt, to be honest, I think that will happen to very few people.