“Give me a lever long enough, and a place to stand, and I will move the earth.”

I wanted to make a post where I explain some of the functions of Steem that some people may not understand or be aware of. I realize that being a blockchain that makes it easy to get started but becomes deep once you start diving into it, the difficulty curve is similar. Many may get stuck at that point and comfortable to how things work for them then and that's fine, Steem rewards you for staying invested in the platform than liquid on exchanges. Sure we've had massive swings that would've made it more profitable to sell but who knows what could've happened. We are seeing so many exchanges go down, decentralized exchanges aren't there just yet. In general though you get consistent and exponentially growing influence by remaining vested on the platform in one way or another and to a certain degree for everyone.

Some more technical things people may not be aware of or haven't read the updated Steem Bluepaper is that we now have scarcity as well. Although it well never completely stop inflating, it will become quite tight of a squeeze in a couple decades. If we continue to keep SBD it might face similar pumps and dumps as it has in the past until things start to stabilize in the near future. It's kind of difficult to imagine as the time of this post even 5-10% swings in price up or down feel like a lot. There is so much happening in the markets that people easily forget what happened not a long while ago. The difference in price at the top compared to now, the volume required to get back compared to then, the sell pressure to bring it back down compared to then and all kind of fun things that happen along the way.

 

I am not much into quotes, I stumbled upon the one in the title randomly and haven't researched the original meaning or context. Other than it's practical function I see it fit with Steem in a way pretty well. I read a post recently that mentioned how big Apple grew by keeping their economy inwards and creating most things themselves, that's quite powerful. Especially now with the added magic ingredient of open-source but due to everyone sharing the same economy it works this way. It could easily outgrow Apple. The supply of Steem will only be around 750 Million in a couple decades and only a fraction of that will be mined yearly, what do you think this means if our userbase is 1000x bigger than what it is now. Steemit shows on steemdapps.com to have around 5000 daily users, 1000x that is only 5 Million daily users. There are mobile games right now that have more than that let alone a whole economy of a brand new technology.

I realize that a lot of people may not be thinking long term, there were many that never thought of Bitcoin or Ethereum long term. Many maybe can't help it, they would want to think long term but short term life is asking otherwise and that's okay. Only thing I could recommend those users is to try and spend some more time they would otherwise waste on procrastinating or leave some value they would otherwise waste on a fancy dinner once a week. Diversify that into crypto and if anything big were to happen you won't be the 99% that missed out yet again.

Coincidences don't happen often, some times they can happen 3-4 times and then never reach those new heights again. If they begin to happen 7-9 times and there is now an army of new and similar ones following in the same footsteps, then it starts to become unlikely to just have been a coincidence, a fad, a bubble, a scam.

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