Vlog 139: Powered up 2273 STEEM + Proof of brain difficulty has gone up.

in #life7 years ago (edited)

Tonight after bringing Ezzy and Rea to the airport I powered up 2273 STEEM.

I guess that's what being around positive Steemians do to you :)

I'm almost at my goal now of 100K.

I have always said that I believe that earning STEEM tokens will be harder and harder in the future when more people join the Blockchain.

And I think I'm right in the assessment because just ask anyone that made 200.000 STEEM in the early days of blogging to do that again today.

That's about 2000 blogs worth $100 each. That's not easy all.

The Proof of Brain difficulty has gone up (I guess).

When more and more users will compete over a fix reward pool this difficulty will only increase in the future.

Now combine that idea with SMT's that need STEEM(power) (that is now harder to earn) to run (bandwidth) on a blockchain that in my mind is far superior to any other out there. (and most likely easier to implement on existing platforms as well).

I expect that liquid STEEM will become pretty popular, pretty fast.

Well, at least that is what I'm hoping for :)

What I do think is that personal troubles or feelings about Steemit.com should never be a reason to sell in my mind.

Always look at the technology and the potential.



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Nice payout, well deserved.
I have a mix feeling about steem price.
For the last couple of weeks, it is under a dollar worth.
I wish I know what the future holds but steem is wacky price wise.
Keep on steemit and thanks for bringing value to the platform

I wish I know what the future holds

Don't we all :)

You seems to get it, but why do you not flag anything? IMO you're not showing the good example. Is it not easier to re-balance the ecosystem to flag when you see blatant abuse? Also when you see a "nice post" and see that the user is doing just that all day do you even flag that?

@transisto do you think there is a potential chance that steem devs will listen to their users and change the whole reward, upvote and post ranking system?
I wrote a post, where I proposed my own vision and solution of how we can evade this holy wars :)
Not chasing for your rewards, but would be interested to hear your opinion. Cheers.

If you think of Steem dev as Steemit dev, no I don't think so. Time for independent devs to work on a fork.

My brother! Man, let me say that you're one of the nicest and best friends anyone could be lucky enough to have. That just needs to be said. An guys are incredible hosts and so hospitable. Youself and @bkdbkd are stars, simple as that.

And in regards to your new vlog, I also feel strongly about the choice to curate content how you see fit in whatever way you feel is fair. That's a right every steemian should have on the platform given their place in the community. Some may like it, some may not. But as with real life, is impossible to please everyone all of the time. I love Steemit, I say that with pride. And a large part of the reason is due to the mechanics "behind the curtain". A reflection of life if ever I saw it. Man, what an amazing eco-system!

Sorry to have missed you guys. It was a very busy weekend on our side with my family. Next time we'll shake hands. Good to hear you had a great stay with Mark and Bianca.

All good, buddy. Something tells me I'll be back soon so we will get a chance to meet, I'm sure. And yes, I had one of the best times of my life with them both. Such good times. All the best, man. :)

Wow!!, you just hit the nail, well said

When more and more users will compete over a fix reward pool this difficulty will only increase in the future.

People are joining the platform massively, that's why I am trying to get more steem, because it will be had to get steem in next 1 year from now, as the steemit is getting more popular.

I have all my Steem in Power, I'm just pushing for the stars and hoping I catch this wave on the coolest thing on the internet. Much love

Congrats on being so close to your goal. I agree, hanging out with steemians is very encouraging.

I also agree with your concept in regards to steemit.com. After being at steemfest and hearing more of what ideas are being worked on, I actually see the current concept of steemit.com fading away a bit. Until then, I think we should be accumulating all that we can. As you say, steem will be very valuable. In my opinion, it will be so because of all the other applications. Furthermore, once it is widely discovered the efficiency of the steem block chain, we are off to the races.

Hey Exyle congrats on almost reaching your target, your dedication to this platform means you deserve it. Do you know of any good resource to learn more about the SMT's? I'm still a little unsure about what role they're going to play

Well i think you're right, last 6 months "vesting steem" (or powered up steem if you like to call it that) stayed about ~72% of total steem supply regardless of the price!

I just started but I’m hoping this can snowball into something huge in the next 2-5 years

I think more and more people will join but staying in the community is another story. I think it's also a test of endurance. I hope stagnant accounts won't affect us so much. The fewer rewards people get, the greater the part of the population quits. - Just my opinion.

I try to earn now also when i can. I am spending a few hours each day on steemit. Later it will indeed be much more difficult but that means price went up aswell does it? So that would be a good thing :)

Proof of Brain is absolutely heating up. People sometimes don't realize that the more popular steem gets, the harder it becomes to earn good money here... it's a good thing, but not without its risks!

I think of it like hot sauce. The hotter the sauce, the more exciting it is. Some of the tastiest hot sauces are the spiciest. But of course it increases the level of challenge as well. Can you handle the heat??

Personally I advocate for a very spicy steem... only the best content can rise to the top. If people think it's competitive here, they should try to get on the front page of reddit... because that's what Steem will become (competition wise) in 5 years!!

If the value of STEEM goes up you can still earn nice rewards in dollar value but you will get less STEEM tokens. I never used Reddit much but from your reading, I'm guessing it's hard to get to the front page.

Ya when steem.go up we will get a good reward i am.agree qith you brother.

I completely agree. I have been trying to acquire as much STEEM as possible because I think it's at a low. This has been my strategy for trading STEEM Dollars to STEEM: https://steemit.com/trading/@jeffjagoe/a-steem-steem-dollar-sbd-trading-strategy

I have the same strategy. As long as it's under a dollar I'm buying. I use the market to do it instantly.

@exyle I know you are right about STEEM and I am on this Train with you too. I do own other Cryptos and I know that we are the Early Adopters of this trend.............Just keep buying and HODL.

Hi @exyle! :)

Finally someone recognized that pattern. We have a Proof of Brain difficulty - here :)

Fortunatelly my WritingParagraphRate is slightly increasing as well and is right now ~5-10P/d.

For sure I will not sell any proof-of-brain mined below my mining costs. If people will recognize that they should not sell below mining costs, then the price of STEEM should grow!

What is your WritingParagraphRate? :)

lol! I don't know, I just write about things I enjoy.

Someone recommended ASIC Boost, Alcohol Sex IronTablets and Cocaine but I think this will reduce the WritingParagraphRate :)

There are tricks withwhich you can lower time of constructing blocks paragraphs. Some English native speakers are using sepach-to-text software.

Good competition will breed great content and more value for the platform, so I'm up for that.

Oh damn that's more than half of what I have gotten so far!

I still have not fully grasped how popularity will affect the reward system. Maybe I will figure out in time. Since I see (my few 4000SP) vote value increases as steem value increases I guess the more people want steem the more I can reward with my votes? Or is this wrong to presume?

It's a stake based platform. The more stake (steempower) you have the more say you have over the reward pool and who gets what.

excellent video my friend, wish you a good luck to reach that huge milestone of 100k sp, well i am happy to see that you buy some more steem at a very right time and it's true that proof of brain difficult has gone up and i agree with your thoughts that it will only go difficult as the time moves on, i think buying and holding steem right now is no doubt extremely wise decision and it surely helps us in the future, the more users and bloggers are keep coming in and yes they are competing for the same reward pool but i am sure those SMT's surely create more opportunities for all the steemians. thanks for sharing your nice thoughts with us, Stay awesome and have a very cheerful week ahead.

I'm staring at the STEEM chart like a little kid who got his favorite toy taken away. Those SMTs better make a nice price bump!

You are right my friend, now make quick and easy SP is completely impossible and in the future will be even more difficult. There is only one right way to go, this is to buy STEEM and transfer it to SP. So, I congratulate you, you have only a little bit more and the goal of 100,000 SP will be achieved, now only forward! Thank you @exyle

How does the Reward pool behave ? Does it increase within the next years , is it fixed and will always stay at the current pool size or will it decrease like the block reward for Bitcoin mining does decrease at block halving ?

No, as I understand it it will decrease over the years. This post has a nice chart of the steem inflation rate.

https://steemit.com/buying-steempower/@fyrstikken/each-steemian-can-own-714-steem-to-their-name-today-and-then-we-have-run-out-of-coins

Thanks that chart is awesome , inflation goes down but until 2023 that does mean the New Supply is increasing and after that it will decrease.

Nevertheless,more the people more famous the community gets and though getting SP from steemit will be hard enough but the increase value of steem might help ,as far as i am thinking;)
hope for the best though !

I guess that's what being around positive Steemians do to you :)

Being Positive is difficult but not that difficult. People likes positive people ;)

Wonderful @exyle. You are really steeming big right now with the power up. This is a motivation for me to keep on steeming. Cheers.

oh...I did not realize steemit is similar to mining in that sense the more people use it, the harder it becomes. Can I ask someone how long does it take to build good steam power these days? Mind you, being new, I don't even know what 'good steem power' is in numbers. Will appreciate some comments on this.

I don't think earning STEEM through blogging will ever be as easy as it was when the platform just come out. I would suggest you just blog about things you enjoy and have fun. I believe that any STEEM you earn today will be more valuable in the future. That's the reason I keep mine at least.

Hmm, well all those who went by personal feelings when buying bitcoin all regret today, they sold out when they saw a little variation in price. If the foundation tech is good, then go for it.

You're right :-)

Do you think it will still be worth it to create really good content in the long term though due to the lack of rewards per post? I personally enjoy creating although it is difficult for people to put time and effort in when the receive less and less as time goes on.

If you enjoy creating the content I don't see why not.

as i heard there was idea what tokens will be able to be buyable via bitcoin too, so steem can be not so liquid , also i think sbd can be used too. Of course because steem is limited and reward pool is limited because of that it will be harder and harder to earn more steem, but there might be some changes and hardforks to algo. I just hope we will evolve and adapt more , because right now steemit is still in beta and need a lot of work to be done.

From what I learned is that you need to buy STEEM first.

Well said. I've bought other cryptos too, but steem is different. When I first heard about steemit, I was skeptical, but when I studied more, I realized steem is the future. Only those who do a good study on steem will understand its potential.

You are a big inspiration @exyle. Oh steemit has so much potential for explosive growth. I believe this strongly, and that's why I've already made arrangements to power up. It might be small.now compared to yours, but sure is a good way to start. Thanks for this piece.

Thank you, @exyle for this informative blog. This is my first week on Steemit and it's helpful to get this overview.

I'm the author of 7 books of poetry and prose with over 10K followers on other social media platforms and it's humbling to start from scratch, here, and learn a new language so to speak.

Wishing you continued success!

I can definitely stand by the statement that getting Steem is already much more difficult then it was a year ago @exyle if only I had the cash to buy more steem, but I wont be powering down anytime soon I never have powered down.

Always look at the technology and the potential.

Best advice!

Make hay while the sun is shining! It will be very difficult to get to those kind of figures in a couple of years, I'm sure.

Wow. Glad you are almost at your goal. Yeah you made a lot of sense here. I know steem is going places. Your last sentence said it all.
The potential is priority. And about steem we are all hoping for that too.

You know I was watching a YouTube video by Bill gates, and he was asked what he felt about the future of crypto, and he said crypto Was here to stay,because the tech behind it could stand the test of time. The tech behind steemit will stand the test of time. That as simple as it can get.

And for you this is pretty easy to make 100$ per post, but what about the new users who just joined the platform? Not having exposure, followers, well then it is really hard to make 10$, not to mention 100... I am so happy with my 200 SP, which is not much at all, I guess :)

Exactly. I guess just spending a few days with them and discussing the potential of steemit, motivated you to power up. That's just they way life is,the mindset you surround yourself with will determine how far you will go.

I like your philosophy. Just hit mute. I agree. We need to work on our own blogs, keep our steem and carry on.

This is the first time I hear about the proof of brain difficulty but it makes sense. I have only been on the platform for a very short while and have made about $2.00

congrats.. I was happy with my first 1000. Now I am at 2000. But it's difficult then in the beginning I guess. But you have almost made 2 x $100 post now.. so you should be going for 200K now.

You always get me fired up about holding Steem. Oh, and what was that you said about proof of brain getting harder. Hmmm judging by this post it looks like you've got this all figured out!

Haha, well I like STEEM a lot and never said otherwise. I don't know why this post is doing so well, I just like making these vlogs. But the point about proof of brain is about getting less Steem tokens for a post then in the past.

Nice one there. I couldnt agree more. Steem is the future and is gaining popularity. I am glad you are at almost at 100k.
You are making a lot of sense really from this. Your originality is very admirable and you have a way of being positive. I guess because you surround yourself with positive minded people.
Keep up the good work.

I'm buying steem still too. When it 5 bucks everyone is going to regret not getting more

You really made yourself a celebrity, Exyle :-) We all will remember these times, and you will tell your grandchildren about it :-) (And they won't believe you!)

You are making incredible progress here.

What an achievement

Very interesting and useful sharing! :)

Both my hands with you , i also believe in steemit and i really hope it will get better and better with more opportunities. I really hope that all this disaster with whales fighting for or against upvote/downvote will end soon and we will live on peace ))

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