@charlieshrem- really excited to read these stories but a question but me: how much time and energy to you expect you'll be putting into Steemit? do you plan on reinvesting back into steem power? Your posts will likely always be in the top trending category. That's a responsibility. Just curious of your thoughts. Sorry for the off thread topic. Don't answer if you prefer not to. They are rather pointed questions...
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Hey, it's a great question that I plan on answering in a separate post. I have not been powering down, and have been curating more and more every day in addition to authoring. Steem is still very new and I want to see it succeed long term.
Many thanks for responding to that...
That powering down thing is the one flaw that I personally see in the system. There doesn't appear to be an incentive to remain powered up at the moment. Game Theory that scenario out and everyone is racing to power down and sell off their Steem due to the opportunity costs and the fact that all the whales are doing it.
Looking forward to reading more! If you have an ear with @dan or @ned, please ask them about the lack of incentives to remaining powered up!
The incentive for me is to gain more VESTs while others are losing VESTs. Long term, it's the VEST count that really matters, both in terms of influence and economics. Those who already have more VESTs than they need should power down to spread that influence around. If the market can't sustain the price, then new opportunities will arise for people to get in at a low price.
Do you have plans on leaving the country? I would never want to live back in the states again.