Two of my friends are now Steem Power holders

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(Edited)

Recently, I've been explaining force feeding my friends a lot about Steem. For two years I didn't really do that for 1) I didn't really have a cohesive understanding myself about this stuff, and 2) Steem wasn't really quite there so that I would've felt confident to bring others here. But recently, I'm having hard times to shut up about Steem, because there's been a major shift in the economy as a result of Hard Fork 21/22 that has allowed the community to put stop to the abuse that has been rampant for the past 1.5 years at least.

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Extractors were able to play their games for a long time, but what they might've done, is shooting themselves in the leg, because the actions of a single user aren't closed from the rest, since the reward pool is common between all users. If extractors get Steem for no value added, then why should Steem have any value either? Certain users get barely anything for their efforts, yet others get a lot just for spam.

However, the game has changed with the arrival of free downvotes, because quality content has again become a valid strategy to earn Steem. When we give value only to quality content, we create scarcity for Steem, because as we all know, quality content is scarce on the Internet. You could say, that the value of Steem starts to go up, when we actually start holding it to a higher degree, and use Steem to give it to those who deserve it. Now, it's not the whole story, since in the future it'll work as a utility token to power Smart Media Tokens, but regardless, when individuals have had to work for their Steem, they hold it to a higher degree, because we tend to hold money we have worked hard more valuable than the same amount we get for free, unlike the easy comes, easy goes mentality of an extractor. Those who value their Steem, will also make the chain more robust for long-term.

We are now back on track with making proof-of-brain a legit concept as it was meant to be from the beginning, we just ended up on a bit of a sidetrack, for couple of years. But shit happens. Steem is still a toddler that is learning to walk, but it is learning from its own mistakes as we are seeing with the recent economic changes that are making the ecosystem healthier.

I think we are on a pivotal point, where the consequences of the old economy are going to daunt us for a while, but when the damage gets undone, little by little, I'm expecting the price to follow. This is why I've been talking so much about Steem to my friends, because they can catch a ticket to a potential rocketship before the majority even realizes that it is being built. I feel it is my duty to at least make them aware of this thing that is going on here. I don't wanna be that guy who didn't even try to talk about this when I had the knowledge and vision, I'd like my friends to be able to benefit from the possibility, too. Of course, "there's possibility that it all goes to dust", but if I thought of it as a very likely scenario, I wouldn't be very enthusiastic about Steem at all. I have my own money backing my words. But of course, only that money should be invested that one is ready to lose.

It is all quite complicated for my friends, and I can't blame them since it is basically my condensed 2-year-experience that I'm feeding them, so it takes a while to digest, but my friends are smart ones, and they have had to admit that it is very interesting indeed; decentralized currency, Web 3.0, monetization of personal data, the upcoming feature to create custom tokens (SMTs) on the Steem blockchain, and so on.

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@exyle recently posted his Powerup Statistics according to which the stake locked in as Steem Power has increased from 200.3 million to 201.5 million since August 31st. In other words: more Steem is getting powered up than powered down, which is aligned with my observations with people powering up left and right – I am one of those people. Also, the liquid Steem that was added to the market during 31st of August and 14th of September was only 100k instead of the 1.1 million that it was in the two week period before the latest one. If the current trend holds, I'm expecting that the following two weeks we could see a reversal and see the liquid STEEM decreasing from the market, which means that we could get some positive price change after a long time.

It is not only my word, but statistics that are also backing my sentiment, or at least they are not contradicting what I think is taking place. The Hard Fork has been live only for few weeks after all, but the signs are promising.

Long ramble short, I did manage to lure couple of friends to Steem since they literally get a free account from me. What I also told them was about the possibility to use Steem Power to make them more Steem – while being beneficial for the platform – even if they didn't have the time or will to be actively curating content themselves. Yes, I told them how they can delegate to @curangel and outsource curation to us, manual curators (me being one of them) that look for under rewarded content, while receiving dividends for their delegated Steem Power but also supporting the concept of proof-of-brain to create value for Steem.

In fact, I noticed that my friend, @mihkhel, just delegated 340 Steem Power to @curangel. And another friend I made an account just today: @doctorofdoctors. What I also did, was to sell them some of my own liquid Steem for the market price so that they don't have to go through the hoops and loops of acquiring it through exchanges themselves. They are not much of content producers – yet at least – so don't expect intro posts from them. Though in the off chance they do one, you'll see my resteem of it. In any case, I think I've achieved a small victory with my efforts, I'm pretty happy :)



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Brought to you by @tts. If you find it useful please consider upvoting this reply.

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Nice work recruiting your mates. I havent managed yet. Recruited my hubby, he lost his keys and hasnt bothered since. Lol. Loved the positive vibe to this post. 🌱🤞

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Your friend can still send a requested to reset the master password for the account that created it.

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Even if they lost ALL the keys??

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Oh, seems like you need to know one private key to be able to to do the recovery.

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I toldhim to save them, and he did, he just cant recall where. Lol.

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Smh. Posting key you can just carry with you, because it has the least authority, no need to hide it with the owner key and master password 😅

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Very uplifting post.

I really do hope that the changes to allow free downvotes work out in the long term. I appreciate the larger accounts that are fighting the battle for the rest of us!

I’ve given you a follow now and I’ll see you around. ✌🏻

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(Edited)

I think it is safe to conclude, based on history, that there definitely needs to be negative curation in a decentralized system. Some problems might, and probably will, still arise, but we'll be better off with them now that bid bots and abusers aren't ruining the economy.

Thanks for the follow!

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Steem isn't easy to explain to friends, especially if they are not familiar with the concept of crypto currency. That's where I typically lose people. Explaining it starts to sounds like fake money to them. But I agree that a major shift has happened since the recent forks. I am noticing quite a big change on the platform and I'm definitly liking it. It's almost hard to image how broken the system was before. I think now though, we are going to start to see more users come to steem. I think steem has a long future ahead so it's good to get involved. I had given up on trying to get friends on here but I should start trying to again. You have inspired me

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Explaining it starts to sounds like fake money to them.

It's funny how people reject cryptocurrency when they don't even know the basic fundamentals of our current economy: most of the money out there is created from thin air, just like cryptocurrency. Banks loan most of our deposits to other people, and keep only a fraction in there. If everyone tried to withdraw all of their money out at the same time, well, they wouldn't be able to, because they don't actually have the money in there. There's some fake money for you; most of it is just credit.

With cryptocurrency (and Steem) you have complete control over your own stake here, something that cannot be taken away by authority, unlike fiat that is just lent further by banks. Try to tell that to your friends :)

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I agree with you on all of that for sure. It seems that many people cannot get past the secure feeling that familiarity brings them. Newness is scary for many people

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Hi @celestal!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.489 which ranks you at #2182 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 107 contributions, your post is ranked at #19.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

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Hey, try to drop in some reps soon. You're better than 100 in 34 days, unless you're working out on your own. Just a standard kick in the ass if you need it.

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I do plenty of reps behind the scenes ;) I just don't have the interest to capture it on camera right now, since I do my own things. Appreciate the kick in the ass though.

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There's no need to capture it on video. It's an honor system to simply report that the reps are done. Most people don't post videos, just from time to time as they wish.

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