#steem

The no bullshit guide to living off Steem

Im not sure what being the top1000 SP holders on STEEM can really mean. Perhaps being top50 would be a big deal .... @crypto.piotr _source

This was a comment in reply to one of my comments on @felander's post on his 2-year Steem anniversary a couple days ago. My comment was asking him if he ever thought about what being in the top 1000 SP holders might mean one day.

Yes, top 50 would be a big deal. But @crypto.piotr is missing the point.

This is how you do it.

This is dependent on the price of Steem, but I am going to set the value at 20 dollars for this purpose which is currently 80x higher in price than today and, 2.5 above the ATH. Seems high? Nope, it ain't gonna be in my opinion and it is my opinion that drives my behavior - Not your opinion.

So other things remaining equal is my 50,000 SP. Currently, 50K delivers a 70 cent vote but if Steem was 20 dollars, it would be a 56 dollar vote - 10x56 = 560 dollars a day. I can definitely live off of that. However, that is not the point here that @crypto.piotr is missing.

Many could live off Steem if they have stake and they don't need anywhere near the stake that I have. As I have said, steem is becoming an investor's wet dream as it allows for investment without risking the capital at all.

The pool is currently generating and distributing about 26 million Steem a year and while that is worth a disappointing 7.5 million dollars a year, 20 dollar Steem would make that 520 million dollars a year.

520 million dollars of potential.

Are you seeing it yet @crypto.piotr?

You see, while some people want to live off of Steem directly, some smarter people will use Steem to invest into and bring in businesses on Steem. This will both increase the value of the tokens they hold as well as give a great deal of incentive for these companies to build their startup or onboard their established services onto Steem. This will in turn bring in more users and inspire more business ideas to develop on Steem as well as raise all the STeem boats with the tide.

The Steem blockchain is by default design arranged to be perfect for direct stake investment and calculation of staked ownership in various experiences, but of course, you might see a problem. My 560 dollars a day doesn't go far does it?

But, my brother @galenkp has 11K so that is another 100+, @felander has some 15-20 so that is antoher 200, @acidyo might want to get in on this and add another 1000 to the daily pot and suddenly we have 2000 dollars a day or, 700,000 dollars worth of Steem available per year. That is 4 of us and only 3 of those are currently in the top 1000 accounts.

See it now @crypto.piotr?

Yes, those top 50 accounts are going to be enormous and users like @theycallmedan are going to have so much wealth that they won't know what to do with but, do they will. I know dan is the kin of person that likes to research and invest now, what will he do when he has 12,000 dollars of vote a day (that is just on his main account) to place for investment purposes? 7 days a week, 365 days a year.... 4.4 Million dollars a year to invest without having to risk his stack.

Fuck. Yeah.

And, he doesn't have to invest alone as while I might not have the stake he does, he might not mind if I tag along with the 200,000 I would have a year and also support some of the investments he supports. How many will follow one of his picks for a bit of stake in a future unicorn - and not have to risk their principle?

Living off Steem isn't living off what comes out of the pool (although many believe this and once upon a time I did too), living off steem is building the stake to solidify the blockchain and then using it to empower the Steem blockchain to become the entrepreneur's and the venture capitalist's dream come true in so many ways. The income streams aren't from the Steem pool, the income is going to come from the startups and businesses that the Steem community invests into for a percentage return.

People are buying into coins at the moment and looking to gain which is great - for now - but what needs to happen is that people need to start investing into businesses that are going to leverage the blockchains and the capital available and provide products and services to the masses. This in turn drives more users into crypto and the money churns while traditional economies burn.

The 0.1% have played themselves because the new technology allows for mass investment sources of any amount, low to no fees and a supply and demand of what it will actually invest into. It is all opt-in and the market will decide the success. Why would any small to medium business sell a percentage to a bank when they can get much better terms from getting their investment from some of their potential customers and those who will help them succeed in many ways to protect their investment? And once the small and medium utilize the potential, the large will follow as prices increase and now that 20 dollar Steem s 40 dollar steem and the investment potential is 1 billion out of the pool a year.

And this doesn't mention the values of all the other pools operating on Steem either.

There is absolutely immense potential in the way Steem operates to become a mega vehicle for investment opportunities that not only generate a mass of revenue streams for many people, but continually drives ownership outward to the people at various levels.

Currently, we live in a world where 80% of us believe we have no possibility to invest at all, but once people start investing on Steem and work hard toward the future of investment on Steem, that wide community will be able to collect and pool their resources and support businesses at a loal level, instead of selling businesses and resources to the global conglomerates and banks - the 0.1%ers.

In time, ownership and portfolio diversity becomes common place and the supply is driven by the demand of people who have more in the game than just he hunger of a consumer.

While the top 1000 holders are going to have more possibility than the top 1000 *sellers, it doesn't matter what level you hold, the potential to invest it into something that will increase in value is there. Banding together with others means that larger projects can be developed and not all has to go into one, there can be investment spread with different contracts of return and risk involved.

The sky isn't even the limit because, they will be explored too.

But, you might look at the price now, the community now, the interfaces now and the arguments now ...

And miss out on the future.

You wouldn't be the first and you won't be the last to dismiss the thoughts of the passionate idealist and:

be wrong.

So, this is how you live off Steem.

Invest in Steem - invest in things on Steem.

Feeling bullish?

Taraz [ a Steem original ]

Comments · 27

@daltono(81)· 2580d
FUCK YES! that's all I have to say. I read the entire blog, and I agree with ya. We are going to be swimming in huge oceans of Steem, not just one body of water. So many different packs of users will have large daily sums that carry no risk. Truly an investment dream, some would just rather live in a nightmare than be happy.
@crypto.piotr(65)· 2581d
Dear @tarazkp

I just had a pleasure to read your recent publication (naturally i've been mentioned, so I couldn't miss it :)

Thank you for sharing your own complete view on with us. I surely may be missing the point and I always love to learn something new. I love to learn how other people see things (different angles, build on different experiences and expectations).

some smarter people will use Steem to invest into and bring in businesses on Steem

I absolutely agree with that. Is it also your goal to bring businesses to steemit?

It has been a great read, however somehow I still don't feel that being (or not being) in top1000 stakeholders mean much to me. I value relationships I managed to build here and having some SP powered up helps a bit (making impression always matter). However I just dont "feel" any other potential benefit from being a top1000 stakeholder. I guess even being in top100 would not change it.

The income streams aren't from the Steem pool, the income is going to come from the startups and businesses that the Steem community invests into for a percentage return.

You nailed it. Very wise words. Wish more people would see things this way.

ps. gonna check right away out your post about "investors wet dream" (what a clickbait :)

Yours, Piotr
@buttcoins(75)· 2581d
That was like a tasty bull milkshake. I slurped it all up. 😂😍 #newsteem

Posted using Partiko iOS
@olivia08(73)· 2582d
How this post boiled my blood, a great challenge to do more here. I have a small sp but, I earned it here without capital but I'm investing my time here with the people share, earn and learn.

Posted using Partiko Android
@julisavio(70)· 2582d
Greetings, tazazkp

very nice post, man!!!!!
@greer184(62)· 2582d

Nope, it ain't gonna be in my opinion and it is my opinion that drives my behavior - Not your opinion.

Seems a little strong to call this a guide then.

as it allows for investment without risking the capital at all.

I honestly don't know where this belief originated, but I feel like it gives people the wrong idea of guaranteed ROI without any "work" required to underpin that value. There are actions that undermine network growth but generate positive ROI. If the asset decreases in value due to network decay, you might have a guaranteed increase in the amount of the asset, but not necessarily the monetary value of asset. There is always risk there. If people stop using something, it loses value regardless of how scarce it is. So, a long as any asset has a means of abandonment (selling) then there is always a risk from the monetary perspective.

Yes, those top 50 accounts are going to be enormous and users like @theycallmedan are going to have so much wealth that they won't know what to do with but, do they will.

There a lot of projection and a lot of certainty in this statement. I'm not going to say that this outcome is never going to happen, but alternatively the case where the top 50 accounts having a lot of tokens that leave them with a modest, yet disappointing amount of value isn't out of the realm of possibility either. But I get projection. I used to do it a lot too back in 2017 and the start of 2018.

and the investment potential is 1 billion out of the pool a year.

Why should we care about future money that is printed and not about that which currently exists? I mean receiving rewards is great and all, but this guide is focusing on the inflation. Shouldn't we be focus on the benefits of the Steem already in existence? Shouldn't we speak praise to the old Steem already allocated and speak of it in terms independent of its relationship to future Steem? I feel like if we can't do that, then Steem itself isn't money, but a broken mechanism that fishes for fresh tokens without having a good reason for stale tokens beyond inflation.

But, you might look at the price now, the community now, the interfaces now and the arguments now ... And miss out on the future.

Steem might have more competition in the future as well. We can't assume that Steem holds a monopolistic position in its current blockchain niche forever. Competition means the future is bright, but the jury is still out whether Steem is still leading the pack then. I still hold my position simply due to the asymmetric upside and the fact that I haven't invested a single cent into the blockchain, only my time. I feel like that is the more prudent position in hedging against the risk and the network stagnation of the past year or so.

Feeling bullish?

Not really. I still think we're in the equilibrium finding process. The price will go up when more people start using the Steem network.
@heretickitten(65)· 2583d
But let's not be naive.

Steem has only gone down in price. There's no good reason to believe it will actually go up in price, especially to such a high number like you desire. It's troublesome to have high hopes when the truth is so dark and dreary.

The statistical record and charts offer no hope whatsoever. Even when Bitcoin had its recent rise, Steem hardly moved. Other coins did. Steem is completely ignored, despite the fact that it's a social-media community. As if we were quarantined here.

Talking to other Steem users about how great Steem is will never reach the ears of anyone outside Steem, which only serves to lock us into a minecart headed down into the darkest abyss. Face it. Steem is doomed.
@arcange(79)· 2583d
Congratulations @tarazkp! Your post was mentioned in the Steem Hit Parade in the following category:
- Comments - Ranked 9 with 48 comments
@ironshield(76)· 2583d
What an amazing concept. Is there any other platform anywhere that a discussion could be made "LIVING" off the investment income? I mean you could sell stuff on FB, or be an affiliate marketer... but we're not talking about those. We're talking about writing posts, commenting, upvoting, engaging, interacting. Things people do everyday for FREE.

This is a reminder of what got me on Steemit in the first place. It's quite possible that palnet.io or steemleo.com or neoxian.city or naturalproducts.today, etc etc... any one of the new "steemit's". All it takes is for ONE of these to take off and BAM! To the MOON!
@nealmcspadden(74)· 2583d
It's the age-old dividends vs. capital gains question.

Do you take earnings now and spend them or do you reinvest to get a larger payout later?

The answer mostly depends on what else is going on in your life and your future expectations. If you are older and have enough assets, take the earnings and use them for your living. If you are younger and are still trying to build wealth, then reinvest.

The difficulty with STEEM is that the outlook is so variable. You see 20 USD/STEEM in the future. I see maybe 0.10 USD/STEEM. That change in future outlook will influence the decisions we make today.
@steemitboard(66)· 2583d
Congratulations @tarazkp! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published a post every day of the week

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking} _{If you no longer want to receive notifications, reply to this comment with the word STOP}

To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
@aaronhawk(57)· 2583d
I emphasize this:

The income streams aren't from the Steem pool, the income is going to come from the startups and businesses that the Steem community invests into for a percentage return.

We need more of these so we can grow together! Great post!
@zorg67(48)· 2584d
Downvoting since this is not a STEM post (the technology tag doesn't seem to fit the content).
@leocurator(53)· 2584d
Congratulations! This post has been manually curated by @leocurator and will be showcased in the LEO Curator Daily curation feature post. "The LEO Curator blog intends to compile all top curated #steemleo posts for the convenience of other LEO users in search for time worthy posts."
@preparedwombat(79)· 2584d

Living off Steem isn't living off what comes out of the pool (although many believe this and once upon a time I did too), living off steem is building the stake to solidify the blockchain and then using it to empower the Steem blockchain to become the entrepreneur's and the venture capitalist's dream come true in so many ways. The income streams aren't from the Steem pool, the income is going to come from the startups and businesses that the Steem community invests into for a percentage return.

This.

I’m now (just barely) within the top 1,000 hodlers of Steem Power. Ideally, I’ll never power it down, just skim off an income stream.

I’m convinced that Steem has the potential to be better than a goldmine. Even the most productive mines eventually get stripped bare. Steem can keep going.
@ryivhnn(73)· 2584d
This is the type of economy I prefer mostly because despite generally hating people I’m generally more interested in people as investments 😅

Posted using Partiko iOS
@newageinv(74)· 2584d
You had me at 50k SP! Everyday a little closer makes it feel great these days at these prices.
@mytechtrail(64)· 2584d
Interesting read, I have not reached 1000SP yet. I am trying to increase my stake, but as I am looking for a job right now I do not have any free fiat to increase the stake. I am also trying to engage with people here and gain experience writing posts. I am not as capable as you or your brother in writing things down. I am also attempting to learn how to invest my existing stake for growth.

I do enjoy reading your and @galenkp posts, although I still struggle to understand most of the investing advice I read here.
@gduran(68)· 2584d
One thing if you vote ten times a day at $56.00 that is $560.00 but if curation does go to 50/50 what you would get would only be 45% (because of the 10% Steemit will take) better said $252.00 the other $252.00 to the author you curated, still not bad.
@georgemales(62)· 2584d
Great minds think alike, so you really made my day with this post! I am very sure that @crypto.piotr share the same thoughts at the end of the day... You made me really curious about my rank in SP, and looks like i am on position 2535. I know is not a number to be really proud of, but in the same time i think its not bad as well (149 more SP and i will be a Dolphin). Anyway so far i did not took not even a cent out because i really think that investing in Steem is investing properly in your Future! Steem On @tarazkp!
@meditations(60)· 2584d
A resent knee injuey forced me away from running. (Something I loved) now I am devoting that time to building steem and learning how I can use steem to benefit others (and myself 😀) steem has much potintal for those who have the courage to pursue it.

Posted using Partiko Android
@melinda010100(80)· 2584d
My account isn't huge yet, but I'm working on it and love how you think!
@taskmaster4450(86)· 2584d
A great piece. You bring up some sensational points.

We even can delegate our state as a form of "investment", providing the resources to help a project (business) grow.

Yet we still hold the stake which keep growing in value the more effort we keep putting in.
@waphilip(64)· 2584d
Well I have a little over 25k steem that i'm willing to throw in to the whole invest and on board initiatives, and I guarantee quite a few dolphins would feel the same!
@felander(73)· 2584d
I passed 20k steem and am closer to 21 now... 21000 X 20 is 420000 dollars worth of steem with 22 dollars a vote, is 220 a day of investing potential... on top of what my current investments are bringing. Even if I take that out thats 6600 a month and even though its not huge I could live comfortably of that in Switzerland

and I would still have my stack!!

I have been bullish for a while :-)
@abrish(56)· 2584d
interesting dear!!! also wish if you could review mine
@toofasteddie(77)· 2584d
You made my day reading this man! Hope one day we all can comment about staking steem was so easy like nowadays and how we all made our best to reach that heaven . Steem on.