It's been 12 days since I've pushed the Redeem-Rewards button.
In that time I've been able to acquire an entire minnow's worth of stake.
I find that pretty impressive.
Especially considering that doesn't count my Steemleo rewards (1200+).
This claim will increase my total stake by more than 2%.
Considering how much money I've dumped into this blockchain,
this is a pretty significant achievement.
Shout-out to all my supporters.
Some would point out that this is only like $70. Big whoop amirite? However, you can't price crypto into USD unless that's exactly what you do with it: cash out. Looking at those 500 coins in relation to all minted coins in existence, we see that only 700,000 people in the world could be minnows, given a fully even distribution. As we all know, wealth and power are always quire far away from being evenly distributed. Extrapolate that information however you like.
Being active in the community during the rough times pays off big during the FOMO mania. It was much easier to get noticed and supported the farther Steem crashed.
Interestingly enough, over the past year my USD earnings have largely stayed the same while the value of Steem/USD has crashed by a factor of 6. This implies over the last year I've been able to increase my support levels by a factor of six to make up for that loss in network value.
So what happens when the value of Steem goes back up?
What will I do with my earnings?
Cashing out certainly isn't a valid option for me personally ATM. Now is the absolute worst time to make a play like that. I can wait.
I imagine it will be at least one or two years before I feel comfortable letting some of these coins go. Until then it will all get powered up or used to add liquidity to the SteemLeo market.
Yeah, people are still pretty salty about where the network has landed. Unfortunately those same people are going to be even more salty when the platform takes off and they didn't capitalize on this amazing opportunity.