I guess this is a thought experiment. As people who follow my account know I tend to give out upvotes randomly. They are worth a couple of dollars at high percentages which is pretty good for a comment on a site. But let's say the value of steem goes up to 50-100 dollars. This is a real possibility if we keep improving and expanding the network. I could give a hundred dollars American out for a vote. That is a full-time job worth of value to a comment.
Yeah I can give them out randomly but think of what else you can do with that. You could run real contests for content from graphic design to photography to writing. You could have film contests on here and give out real prizes. This can be the new Sundance for indie films. Or we can have game tournaments or just run polls that pay people for their answers.
There are a lot we can do. This is what makes this site more powerful than other media sites as we can give out instant prizes and rewards and it helps to run events a lot smoother than other places. We can have people running contests that not only reward original work but those running the contest will get paid as well. We need to keep the incentives up so people will hold and buy steem but we can hit a balance that leads major giveaways to its users. Think of how many people would use this site?
Something to think about.
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Yes, exactly... And I think it's not an IF it hits 100$, it only a matter of WHEN it hits 100$.
That kind of value is going to give so much power for most of the users who hold a decent amount of STEEM. When STEEM was around 5-8$, it was already showing the potential of high rewards for many users. Once it dropped down, activity dropped and the rewards were no longer so big for minnows. But anyways, the price will go up again and it will reach new highs!
I honestly don’t even remember Steem being in the $5-8 range, but I don’t doubt it. I have so much faith in Steemit and the Steem blockchain. I keep telling my friends to jump on board. It’s only a matter of time until Steem launches off like a rocket and then people will either be thankful that they got in early or they’ll be wishing they got in earlier.
Thats true! Actually contests play a big role on Steemit and keep everybody busy doing something. Many people started to discover their talents and joining different challenges.
It helped me a lot on my first weeks here. I joined challenges regularly, had fun, won and made friends.
I love the Idea of the Movie contest :)
And when the Steem hits the 100$ we need to have a Global Celebration :)
It would mean My dream come true
Value will be in the community more than just the dollar amount. .100 steem surely would introduce us to most of the world!
I cant wait to see Steem to the moon. Trying to get more for my self. Thanks for sharing.
@whatageek it true what you just said if more people would hold steem then steem may likely hit $100 and I bet steemit will be the talk of every media.
Well I too wish steem hits someday to 50 or 100$ that day will be really a day worth celebrating, well there are numerous ways by which we can promote this platform, we can do SEO, use other social media platforms like YouTube, twitter, Facebook to promote this platform, after that what matters is keeping people on this platform, for that whales who have power should organise certain contests helping fishes like us to grow by giving fair rewards. This platform is really gonna boost then.
Steemit is the only site where i spend at least 3 hours a day finding new things creating new content and upvote stuff i like this is the only site that looks more promising then bitcoin itself .thank you @whatageek for your posts and generous upvotes you give ur followers.
Would be nice if they would transform part of the site in a stackoverflow. We should make money for answering those questions.
If steem hits 100$
The people rn on Steemit would be the luckiest ever.
I mean even if you only have 20 steem power
with steem being 100$
It would still be amazingly good for only 50$ of steem power
Unless i am not understanding this correctly
If you had 20 steem power and it was worth 100 dollars per steem you would have 2k in USD.
That would be insane
Yep and it can happen in the next few years.
Yeah gotta start gathering SBD
That's why I'm working my butt off now :p
I like your post read with pleasure, here if for one like 50 dollars to receive it was wonderful
The picture defines steemit perfectly..
I love this and even imagining the potential of steemit makes me so happy.
100$ steem would be like a dream come true.
Then I can stay back and do what I really want ( play games all day) :p
hello i just followed you and im thinking steem maybe goes this end of the year 30 dollar and im interested for your proposition to make a good content viva geeks
Some said it's just the beginning... May they be right ! May YOU be right !
Completely agree and would love to see more of the heavy hitters on Steemit do just that more. It can do nothing but help the environment improve by having the crypto flow but also promote quality content which is something Steemit is deficient in.
I think it's very possible. Steemit is one company that is really utilizing the blockchain tech. Just being in the front, with a growing ecomony and through the reward of creation, it could very well be an industry leader in the social media world.
Great discussion article!
True words you support. A lot is great
Accessing 100 is not easy
I want to achieve everything I wish
IDK if it is worth $100, but the potential is boundless. What I will say is that getting an upvote from a whale is one of the greatest feelings you can get while on this platform. That's why it's so rare.
That's the hope. Having something that you invest time and maybe even money into to just suddenly explode. It would be awesome. Its always a possibility! I am very hopeful!
Words can't express the power this site would have.
I can only reiterate:
when I was on Facebook last year I had many recurring dreams where I was told that 'soon a new fair currency system will emerge', and I never knew exactly how this would play out. Then, February this year suddenly my entire Facebook blog with articles etc..got disabled without me knowing why. And very same day I again had a dream about this new currency system. A day later I found Steemit and new exactly that this is part of it. There are some others like Manna I also found to be resonating with me. And generally the entire blockchain- is "it" I knew.
So from day one I 'know' that this will go there so that I take any negative talk about Steemit, Manna or whatnot with a grain of salt :)
Wow... let us all keep steeming. Let us hit our target. Anyway... please find time to upvote this post for camille... our future great artist. https://steemit.com/art/@bgie8311/promoting-young-artist-in-steemit it would be a great help for her.
You mentioned about being New Sundance for indie film, I aggree. This platform could be a great tool to pitch a scenario or any projects.
Say there's one filmmaker submit the story ideas and then briefly explain the production planning. We, the user can be the investor, with only a vote. We can help to shape the story too...
Just an idea tho...
extremely true.it plays a important role.