99 problems but the chain ain't one by tarazkp

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· @tarazkp ·
$7.96
99 problems but the chain ain't one
When I was young one thing that was never talked about was money. It was spoken about in the family as often there was a lack, but publicly it was radio silence. Speaking about money was seen as crass and taboo and speaking of not having enough was possibly even worse than bragging about having a lot.

Perhaps it is because those with a lot were culturally inspirational to many who may assume they earned it, while those with not enough were failures who didn't know or do enough.

How times have changed, especially at Steemit where wallets and transaction histories are on display for those with a sticky beak to take a peek. This may of course be largely influenced by the habits of the crypto community but, I think it is also a sign of the times where it is now common practice to flash what one has.

https://i.imgur.com/HQnk6SY.jpg

Over the last ten months here I have learned a lot and also heard a lot of FUD about many things including, the price of Steem. *To the moon!* no *The Sun!* were the calls and at times, it actually was doing pretty well. At the moment it is hovering around 1.00 dollar US or 0.00011699 BTC. It was about 0.001 BTC wasn't it at one point not so far back?

Anyway, with all of the cries for this or that price I am sure that many fantasise about *What ifs* like how many consider what they would do if they won the lottery. What would I do with a million, 10 million, 100 million?

Those that seem to know what is going on at Steemit think that despite the 99 problems the Steemit platform is be facing, the Oracles and SMTs that are coming are going to raise interest in the steemchain and apply much greater pressure to the currencies. So, moon to boom to sun? 

Who knows but, I am sure that there are many already thinking about it and in my opinion, one should. This is the infancy of Steemit and the cryptocurrency world which means anything held now has much greater future potential, especially if it has real world application and a diversified user base. Ummm, Steem.

So, the chances look promising that some of the expectations will be met and perhaps for many, well and truly surpassed. In reality, there is much more chance of becoming a millionaire here than winning any of the numerous lotteries but, this is only if Steem fires up the rockets which is largely dependent on the community that interacts with the chain.

Tonight, I was talking to my wife about some future possibilities and *dreaming* about what we could potentially do if Steem hit a few arbitrary marks. It is easy to look at the whales at these points and understand that many of them already are or with a price rise, will be very, very well off indeed. What people often forget though is how much difference their current wallet could make on their own future.

For my wife and I who have been struggling for a little while for a couple of reasons, this is an opportunity we cannot afford to pass up. Yes, it could all come crashing down but, what if it doesn't? It is time and sweat and a severe lack of sleep for me.

Currently, I have about 10,000 SP powered up which means that if Steem hits 10 dollars, it has a value of 100,000. For some this may not be a lot, for many others, a huge amount. To us, it pays off the mortgage on our little apartment. Not that we would use it in this way but perhaps withdrawing 10 percent would buy us some fresh air. If this happened around the end of 2018, it would mean that in two years, I would have been able to earn three average salaries in Finland. By blogging.

But according to some, 10 dollars is a conservative estimate and they are looking at perhaps 50 dollars US. That puts my current wallet at 500,000 dollars value. Not bad right? That changes everything for my family, not just paying off the mortgage but likely never having to worry much about financial again since we are relatively simple folk. But, would I cut and run at this point? Unlikely but again, maybe 10 percent would come out.

If it hit 100 dollars in 5 years? My current wallet is worth a million. That is pretty incredible really. I know I put a lot of time and work into my content but is it worth a million dollars? I don't think so. Yet, at 100 dollar value, it would be. 

I think looking at these dream points is valuable for me as it gives me a visual of where this could lead if I work now for it. Of course, I do not plan on stopping writing during these points and as I grow, so does my voting power which means, so does my ability to help other people's wallets too.

Getting the voting power slider takes about 500 Steem Power and although this takes some time for many, if one keeps the earnings in, it doesn't take too long. What does this wallet look like at 10, 50, 100 dollars? Well 5000, 25,000 and 50,000 respectively. That is pretty incredible don't you think? 

Yes, it is very easy to look at those big whales and think how much they are going to make if this happens but think about your own wallets instead and imagine it 10x, 50x, 100x larger and honestly ask, 'is the effort I put in so far really worth that?'

What could you do with it, how many people could you help along the way so everyone who you think deserves it has a significantly brighter future?

But, we are not there yet and we may never be there, these are just dreams, maybe positive FUD. But I can't help at times but to allow myself some indulgent fantasy of the future to creep into my thinking, especially when there is a lot of nonsense in the platform.

Being so early into Steemit, we have a chance to not only become significantly better off financially but help others do the same. Perhaps this is part of the problem here. So many miners who have spent their time competing for blocks they forget that at Steemit, giving and spreading the wealth is what will push the price up by placing placing demand pressure on the chain.

If we look at how we use, interact and create at Steemit and its associated interfaces, we could drive this Steemchain into a position that makes the rest look infantile at best. There are so many potential applications of the Steem blockchain, so many people who could benefit from it, what is holding it back is largely us as a community and our limited vision and high penchant for instant gratification.

Now, you might not have interest in money at all and want to give your wallet to charity, does one thousand or a hundred thousand go further to help? Perhaps you want to invest in other technologies, send your kids to a better school, help out struggling families or just get yourself out of debt. It doesn't really matter what you choose, the potential is there to make what we do now, dozens if not hundreds of times more valuable in the future.

Steemit seems to be a place that for the greatest overall value to be created, looking out for the community is the best way to lookout for the individual. But again like I said above, perhaps this is more positive FUD. 

Sometimes though, it is nice to think *What if.*

Taraz
[ a Steemit original ]
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 13 others
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vote details (77)
@abderrahimlafifi ·
Thanks my friend for the useful information
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@lucylin ·
$0.07
I'm sure these thought processes have entered most peoples heads in steemit, at one time or another.

When browsing through the site before I joined -and seeing the rewards for posts that can only be described as total shite - I thought it was a great potential income opportunity.

Believe it, or not, I joined to make 15 dollars a day! - that would significantly increase my income where I live, and change the quality of my life in a very positive way.
I wasn't looking at the big picture/future rises  in value of share price  etc.

While dreaming about the millions in the future is fun, but for most writing content, day in day out, $15 a day is a jackpot !

The lack of growth in steemit, bots, and the amount of people leaving that have 'given it a go', makes me very, very dubious as to the future of this platforms success, to be honest.
👍  ,
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@tarazkp ·
The platform itself is only one connection to the blockchain, there are others and more coming. It is a very visual part of it however and there is a lot of conflicting positions on just about every conceivable topic. Who knows what will come about in the next year or so.
👍  
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@lucylin ·
> Who knows what will come about in the next year or so.

No one knows, but the way it is at the moment, I would say it could very easily become a content free, bot mining crypto, platform.

( I also said bitcoin was the next big thing- when it launched - but a shit time in my life took over, and i never got around to doing anything about it ! doh!)

Hopefully I don't perceive it correctly with steemit. I hope I am so wrong..
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@tecnosgirl · (edited)
$0.07
Projections for 2022 says STEEM could be at $1,000. I too have dreamed what I can do if it hits that.
👍  
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@freedompoint ·
$0.07
Thanks @tarazkp for being so real. My wife and I often talk about what our goal on steemit is. I love to read different posts and upvote the things I really enjoy... that's  the idea. I wish I could do more. As I am currently lower than a minnow, I simply carry on. I love to share our adventure in 'homesteading'. I am also growing to enjoy 'photography'. I may not truely understand the block chain and cryptocurrency, but I do get the concept. I look forward to the day that my account has enough weight so my upvotes really encourage others...then I will get excited about the cash out options. 😁😂
👍  
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@tarazkp ·
Carrying on is a big part of this I find. There are good and bad times, times of plenty and scarcity, sometimes luck comes, sometimes not but it is much like life where you get out what goes in except, there is the potential for a near unlimited upside for the return.
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@heff ·
$0.03
Honestly, so true. Exciting things happening in the crypto space, and I'm sure all the early adopters, and even the consistent users, of Steem - those that have had faith in the platform will reap the benefits. 
Great post, gave it a resteem for you!
👍  ,
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@tarazkp ·
Just have to keep going and hope others do the same.
👍  
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@karensuestudios ·
$0.62
I love this article. So well written. @acromott and I think about this all of the time. It really could be a life changer! If Steem went up, I alway think about all of the freedom I'll have just working for myself and blogging on Steemit. It really gives me a lot of hope about the future :)
👍  ,
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@tarazkp ·
There is an enormous upside potential here that far outweighs the effort in.
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@karensuestudios ·
$0.03
Yes couldn't agree more! ❤ steemit!
👍  
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@fineliving ·
$0.60
Yes indeed. What if? What if instead of $50 it reaches $75 or $80. Just imagine the possibilities. Regardless of where Steemit goes we are fortunate enough to be here. We are in the infancy stage of something big. Even if it comes crashing down and we lose everything all of us should be grateful for the ride and the wonderful experience.
👍  ,
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@digitaldruid ·
$0.03
The most important thing for the overall value of steem is the have a passionate community of users who generate quality (and original) content.
👍  
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@tarazkp ·
and a passionate group o developers who keep it improving.
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@imaginationicon ·
Cryptocurrency in some form is the way of the future if you ask me. Yes it has problems, but one would only have to think of the centralized fiat currency in place now to see that it is vastly better.
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root_title"99 problems but the chain ain't one"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000