A bit over a week ago I wrote a post about creating an account (@babytarazkp) that would hold my staked steem-engine tokens and follow my vote at 100% with them, and I thought I would check in and see what it has been up to.
Honestly, I have no real idea... however
and its VP is shot.
PAL (3400 PAL)
Equivalent to a 0.16 STEEM vote
LEO (4000 LEO)
Equivalent to a 0.21 STEEM vote (estimated)
Neoxian (700 NEOXAG)
Equivalent to a 0.08 STEEM vote
Creativecoin (4600 CCC)
Equivalent a to 1.7 STEEM vote
NOTE: the equivalent to a STEEM vote is in Steem, not cents of SBD. I don't really want to do the math but for the CCC vote of 1.7 Steem, that is about a 42 cent vote in SBD which is the same as a 100% vote at full VP with 30,000 STEEM POWER.
So -what that means is that while I am currently voting with 13,000 SP and have a 16 cent vote which is a vote equivalent to 0.66 STEEM - @babytarazkp is following with a combination steem-engine vote of potentially over 2 STEEM because the Creativecoin vote is 1.7 Steem alone, 3x more than my SP vote. I am glad I bought into that one.
What this also means is that the people who are getting curated across multiple platforms are earning significantly more than they likely were with steem alone and some people might be earning a great deal more if they have targeted certain platforms like some have been spamming smashing sportstalk.
What this also means is that those who decided to buy in like I did with CCC are likely getting a great deal better value for their money at this point of the game in comparison to Steem. I bought half that Creativecoin for about 50 ($12.50) Steem and got the rest in a token drop, and it is currently delivering the same as 30,000 worth of Steem which would be 7,500 dollars worth.
Now, some of these tokenized interfaces are set at a 50/50 curation/content ratio so I will be earning some curation on these but, for those who have embraced the new interfaces early either as buyers or creators should be very happy with the results. I still hope that the niche content platforms do a much better job of policing their experience though because this is the thing about owning a community - you have to make sure that it is functioning well and rarely does that mean supporting shit - unless you want your community to end up where Steem has been the last three years and is struggling to reorganize now.
While it might sound that I am a bit down on Steem, nothing could be further from the truth as it is these types of communities that I have been harping on about for years now - and, there will be games and businesses to follow. It is through an accumulation of value through a multitude of communities that we will see the value of Steem steadily grow, and steadily stabilize. In time, these tokens will be various sized pillars that while built on Steem, will have all the user base supported upon them.
As I have said before, we are now entering into the fork in the road where investors are going to be vitally important, but it will be the creatives that will come to the forefront of Steem, even though it won't be "on Steem" directly as most will end up on the layers above the blockchain. While everyone fights over the pool on Steem, the game has been steadily changing for the creatives and those who are upset about the shift to 50/50 and the "loss" of rewards better, sit the fuck up and pay attention to what is actually happening.
In order for all of these frontends to be possible, it takes investors like me to hold Steem, provide Resource credits, secure the blockchain so that users can move seamlessly through the layers above, earning where they are the most comfortable or willing to participate.
So in the last 7 days, @babytarazkp has handed out 144 votes to 61 accounts and depending on where they landed, those accounts may have earned 3x+ what I could have offered them with my vote alone. This is especially true for the creatives who embraced https://www.creativecoin.xyz where I have the most powerful stake available of the 4. I bought into that one specifically to reward creatives. Are you a creative? Did you buy in so as to reward others like yourself? No?
While these prices aren't going to last most likely, it is only a matter of time that some of these platform layers break into the right publicity and suddenly onboard a million or ten million users. It will be at that point that people will realize why the Steem investment layer is so important and at that point that many who are currently selling now might be a little upset at their foresight.
well, that didn't tell much about the account but, I think I got enough of a point across to demonstrate the potential of these topic-centric platforms and how they can increase the value of Steem as well as the spread of ownership points immensely. The value distributors on steem has exploded with Steem-engine tokens with hundreds or thousands more people delivering votes of value on the interfaces.
And you have been chasing Steem whales because your view of what Steem is has been too narrow.
Taraz [ a Steem original ]
