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RE: Steemit Expectations: Is This A Get Rich Quick Scheme?

in #steemit7 years ago

I agree that Steemit is not a get rich quick scheme. Sort of related, I read this post by @tarazkp about employment on the blockchain. He hypothesized that by powering up an account by the millions in USD, this account could use the substantial rewards from its upvotes to pay a healthy salary. I don't know if this is would actually work based on the platform's mechanics. It's a different perspective from what you're proposing in that you're starting an account with a large amount of funds rather starting from little to nothing. Perhaps Steemit could end up functioning as a Get Richer Quicker scheme.

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That could actually work well. If you have say one million dollars then you could upvote your own posts and they would be rewarded a minimum of $100 which the author's portion (75%) would be paid out half in SBD. The SBD alone would be worth around $225 in today's market. So yes, while it would be a huge investment (and include risk) it could pay off HUGE.