Rethinking the future of investing by tarazkp

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· @tarazkp ·
$15.66
Rethinking the future of investing
I have written a few times about a future with a Steem price of 100 dollars which I use because it is a nice round arbitrary number. But, have people really thought through what it would mean if that was to come about?

Lately I have been thinking about privacy or anonymity as considering this is the blockchain, everything is visible. At this point it isn't such a big problem for most of the users here but what happens with 100 dollar Steem? Pretending that Steem is 1 dollar now and an account carries a 10 cent vote, that vote draws the same on the pool but, at 100 would be worth 10 dollars / 100 dollars a day. It is a straight line. 

https://i.imgur.com/xfkIFL3.jpg

Of course, this doesn't factor in all the new users who will have some stake drawing on the pool but, if this was your account, what would change in your life? I am not just talking about what you would buy or do with the stake here, in your location of the world, what does 100 dollars value a day mean to you, your family, community or... the people who might want access to that value themselves? 

In some countries, 100 dollars a day is 50x the average daily income. Will this cause new problems in life that people haven't considered very deeply? Remember that if Steem is $100,  a $100 vote only draws 1 Steem from the pool. In this scenario, a large account that has a 100 vote today would have a 10,000 dollar vote or a $100,000 draw per day voting at 10 times. They would still *'only'* draw 1000 Steem from the pool though. 

This takes us all into a new realm of possibility and unfortunately into an area that I didn't think I would ever venture. All though they aren't healthy for the system in the current state, Bidbots in some form will become the norm except, most normal users aren't likely to have access. 

A large account with that kind of draw on the pool will still want to get a return on investment but is unlikely going to manually curate posts and bump them $10,000 each. But, their staked resource is highly valuable and could be used for other purposes, like funding Dapps, startups, research, large scale community projects.

If we want Steem to really make a global impact, it has to become more and more connected with the real world and one way to do that is for large staked players to not only distribute but fund real world businesses in various ways to be able to support through crypto and blockchain rather than have them turn to alternative currencies like, *fiat.* The investors come into add value to the blockchain, the blockchain sends value back out to add value to the world in which we live.

This is essentially what all blockchains and currencies need to be able to do but Steem and similar have somewhat of an advantage as it is not narrowly focused, has a growing community and can work in conjunction and alongside many other crypto projects to satisfy the diverse needs of businesses and communities. 

For the individual users who are here now, many who are building and thinking long term are going to find themselves in some surprisingly uncomfortable positions perhaps though. When mainstreaming happens and your friends join, are you going to vote their *what is for lunch* posts or that promising new company developing energy tech? The one that is offering percentage in exchange for your support?

A 5000 Steem Powered account (minimum dolphin) currently has a vote of 28 cents. 100x that (82 dollar Steem) is a vote value of 28 dollars / 280 dollars a day. That might be a decent amount to be part of crowd sourcing investors in new projects. How much of the 280 would you use for yourself, your family and friends or, at a chance to make more from it *and* support distribution and decentralization efforts while growing the cryptosphere value? 

This is again something that everyone has to remember that in order for crypto and blockchains to take the value of centralized currency, it has to put value *into* the businesses and communities that currently rely on traditionally sourced funds. This means that it has to change hands at crypto level and not be used to continually covert into fiat by users. This takes a mountain of infrastructure that is yet to come but eventually, we need to break ties with fiat by supporting crypto only economies. 

At the moment people talk about investors earning passive income through bidbots and this is part of the problem. It shouldn't be passive, it should be actively working to develop the cryptosphere and bring more and more business users into the crypto-economies. In time, the largest investors will realize that to truly make a lot of value, they need to support and create crypto powered businesses with a lot of value rather than those who are cashing back into fiat to support the centralized economies. 

I obviously haven't thought enough about this yet but this is my first foray into the area to see what I know, don't know, have mistaken, or can add to. Again, the value of Steem is in the community and the information and value we hold to empower each other in a multitude of ways and in time we will expand dramatically and welcome in a whole new generation of Steemian. Hopefully we can find ways that will support them and replace the crumbling centralized infrastructure currently in place.

For those with any stake at the moment, a future where all this works out is going to raise personal questions of what it truly means to be a part of Steem, you local and the global communities and economy. Perhaps it is worth thinking it over a little now, *just in case we get what we want and Steem goes to the moon.*

Taraz
[ a Steem original ]
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 35 others
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@empress-eremmy ·
$0.05
We will see a lot of self centered displays should we get that price hack. Many people won't do stuff that benefit the platform, but themselves, as has recently be proven.

It will be a real litmus test to see how we react and if we can really steer our way to mass adoption instead of the very slow processes so far
👍  
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@tarazkp ·
It definitely is going to be interesting as there is going to be opportunities like being part of large building development investments for a percentage of ownership and the like at a global level. Interesting stuff.
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@kiwideb ·
$0.06
Some good thinking there. I've long thought that the price of cryptos won't stablise till they are used as currency, rather than as a way to (hopefully) make a quick buck.
👍  
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@tarazkp ·
It will take time and a lot more decentralization but as it really begins to be able to fund a range of real wold businesses, the tendrils will keep growing in to replace what is currently there. there is is the potential for it to be like a virus that spreads to consume the centralized world.
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@soyrosa ·
$0.52
Some readers might recognize this: *Why didn't you like my post on Facebook?*
Fights have started over a simple 'ignoring' of yet another Insta food post or cute (they always are) baby pic that wasn't liked (and thus ignored?) on social media. 

What will happen with relationships once your 'bestie' signs up for Steem and tags you in every post they make (because you had drinks together and it was so much fun ha - ha - ha - look at us making funny faces!) and you don't upvote them... This ignornng them, thus not 'paying them their salary', their possible livelihood? 

Do we all have to have 'tough talks' with our friends then? To explain to them what our quality standards for *their* (your friends!) posts are? To explain to them you want to upvote @tarazkp because he creates quality posts, and think your friends' food posts are actually shitposts and therefore the 0.52$ pending payout is more than appropriate? Are we going to do this? 

Like, we are all strangers and we don't expect each others upvote, we most of the time are just grateful if we *receive* them and there's (at least amongst most ;-)) no feeling of entitlement on the upvotes we receive. But will our friends and family feel entitled to our upvote, our money, our months/years of hard work that gave us the stake to make a difference? Will they expect us to pay then a salary so they can quit their jobs? Will they say 'Why didn't you upvote me?', or 'Why did you upvote that post, I had a post around the same time as well, didn't you see it?', in the meanwhile explaining how they want to go on a well-deserved holiday next month, how rent is coming up, how the bills are already on 'reminder' status. 

And will we do it? Upvote shitposts because we feel we have to? Or will we ignore the baby pics just like we do on Facebook... Although... They are always cute... 
👍  , , , ,
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@tarazkp ·
$0.49
Very nice comment.

*oh, I should add more.*

The conversations that this is going to start is going to uncover much of what is wrong with the current economic system, cronyism. Friends and family support regardless of their capabilities or inputs. It is going to raise some very uncomfortable questions and some very hard to deliver answers. It is going to make us question our moral fibre and responsibility to those close to us or those we may never meet. 

Who we choose to empower in this world matters and for the first time in history, we the people have the capabilities to take the responsibility on our shoulders rather than hand it to proxies and then complain they do not do a good job but be unwilling to do it ourselves. 

The world we have the potential to disrupt is our own. This should scare people enormously.
👍  , , ,
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@soyrosa ·
$0.29
Oh... Yes. It scares the shit out of me. Because, and I will keep this at one example only, how will I *not* upvote the holiday pics of my mother, the person who brought me into this world, who I confide in, who I love, who I admire, and who is deemed *too old* now by the 'old economy'/society to be able to find another job after she got fired from the last one due to saving measures by the company she has worked for for 15 years?

How will I *not* soften that blow for her and give her my 28$/1 upvote a day (or whatever I'll be by then)? 

I don't know how I would *not* upvote her and I just *might* pick her to give my 1/10th voting power to instead of that super quality post I just read... And feel both good and bad about it at the same time. 

And *we* are the ones actually thinking about this and trying to find a moral path. Many many others will not... 
👍  ,
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@minismallholding · (edited)
$0.12
What a moral conundrum! There's something to really think about. It would almost be better if Steem didn't reach that price. 
Yet, ironically, part of trying to build my account up is to be able to give someone that big vote, whether it be friends, family or a stranger on the other side of the world who works hard to try and keep their head above water. 
👍  ,
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@soyrosa · (edited)
*deleted because of double post*
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@yaanivapeji ·
$0.04
> just in case we get what we want and steem goes to the moon. 

If we wish it,  we get it.
👍  
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@tarazkp ·
If we do it, we get it.
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@yaanivapeji ·
Yes. 😁
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@newageinv ·
$0.06
I think we will have some time to think about these questions and some many be answered along the way because if things remain as they are today, $100 STEEM may not happen.  Also, when it does, behaviors by these stakes will start to shift to more selfish ones which would hurt the price as well unless the demand increases exponentially.  However, it is definitely something to think about!
👍  
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vote details (1)
@tarazkp ·
yep, it is going to see people who have been complaining about greedy so and sos suddenly become those same so an sos. However, if the largest stake uses RCs to empower new users and their stake to support decentralization and as an external investment mechanism, they could out earn bot selling in the long run significantly and own something very tangible. This should sink more hooks into the outside economies.
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@lanzjoseg ·
$0.07
I will follow your dream. I will continue dreaming that future is a $ 100 steem that would help me a lot to be able to flee this country. But I want and I will be promoter among the friends of Venezuela that we also share that dream. I a university professor and Nomina head of the university did not even reach 12 dollars per month as salary., Sincerely, that can be called reaching the moon I do not have much sp but what I have I try to use it to maximize my profits that of a or another way I am very sincere I need them and not only for me in this case for many in this country 1 dollar = 180000000Bs you can imagine the economic distortion that we live, and when someone sees us that we celebrate and thank God very much. "(I can talk to you specifically for me)"


> In some countries, 100 dollars a day is 50x the average daily income. Will this cause new problems in life that people have not considered very deeply? Remember that if Steem is $ 100, at $ 100 vote only draws 1 Steem from the pool. In this scenario, a large account that has a 100 vote would have a 10,000 dollar vote or $ 100,000 draw per day voting at 10 times. They would still 'only' draw 1000 Steem from the pool though.


Really if it can cause many things but positive in countries like Venezuela. The same here we will never see the pain because the government forbids it, but the internal exchange of the coins is transformed into bolivars, which is what I need to survive. But I do not want to survive anymore, I want to run away from here.
👍  , ,
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vote details (3)
@frankvvv ·
$0.07
The money I have put into crypto, I don't plan to ever convert into fiat. I might buy some stuff with it in the future, but I will not change it to EUROs/USD etc As far as Steem is concerned, for me it's a big question mark what it will become in the future. It could grow big, or it could become obsolete, who knows. That's why I spread my investements in several cryptos. I did not put my full name in my profile on purpose . It could become dangerous in the future. Everyone would know how much you are worth, and some gangsters could come after you.
👍  ,
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@frot ·
$0.12
LOL - the things you manage to worry about!

If Steem gets up to $100 I'll be delighted...

![](https://cdn.steemitimages.com/DQme6vEoeqc8x4m7zcuQLtn7cXYpV6TDFvUh5CRCyUD73gW/image.png)
👍  ,
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vote details (2)
@tarazkp ·
$0.05
Worry/think same same. I will be delighted too, some other might not be :)
👍  ,
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vote details (2)
@mattclarke ·
$0.07
I've supported my family and friends since August 2016. I've tried everything I can imagine, to express the urgency and importance of getting involved here; to the same people who ignored my urgings to get into bitcoin back in 2013.
Crickets. 
Nothing but crickets. 
I've saved up all those crickets, and I'll return to sender when the requests start surging in. 
👍  
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vote details (1)
@tarazkp ·
$0.04
I think the trick is to sever all ties and create an island crypto commune beforehand :)
👍  
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vote details (1)
@mattclarke ·
$0.07
https://i.ytimg.com/vi/76bDSJBNosQ/maxresdefault.jpg
👍  
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vote details (1)
@yawnguy · (edited)
Simple solution to the friend/family problem: adopt a policy of paying each friend/family post the same fixed percentage, whether 1% or 50%, no more than once per day, however good/bad their posts are, without even reading them. And tell them all why. It's similar to a company competition for the public where employees aren't allowed to enter even though they may have no private information to help.
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@dreamryder007 ·
$0.05
*A large account with that kind of draw on the pool will still want to get a return on investment but is unlikely going to manually curate posts and bump them $10,000 each. But, their staked resource is highly valuable and could be used for other purposes, like funding Dapps, startups, research, large scale community projects.*

Getting more business'es involved in steem is an idea we share :)
👍  
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vote details (1)
@steem-ua ·
#### Hi @tarazkp!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 6.132 which ranks you at **#257** across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 258).

In our last Algorithmic Curation Round, consisting of 260 contributions, your post is ranked at **#13**.
##### Evaluation of your UA score:

* You've built up a nice network.
* The readers appreciate your great work!
* Good user engagement!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
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