The Harder It Is To Earn Steem, The More Valuable Steem Becomes

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The value of Steem will not come from having it as available as the air we breathe, it will only come when we have to fight and kick to earn it.

Image credit: @majes.tytyty

One of the basic principles of Economics suggests that the scarcer a commodity or an item becomes, the more likely it becomes valuable. This holds true in most cases.

For example, gold and bitcoin are well known valuable assets of this age. These assets have earned their special places because both assets are, frankly speaking, scarce - if you like say limited in supply.

You can't just wake up from your sleep, brush your teeth, and then begin to pick gold like sands on the streets. The same thing goes for bitcoin. You need super computing powers and heavy electricity supply to mine bitcoin. Little wonder the asset has taken the world by storm.

So, gold and bitcoin will always remain valuable as long as they are in the hands of the few, as long as they are scare and limited in supply.

The economic history of man has shown us that no matter how intrinsically valuable an asset or commodity is, it becomes underrated and unmarketable when it is evenly available to everyone.

A perfect example is the air that we breathe. As critical as it is for our survival on earth, nobody is willing to pay for it. Don't be surprised. Why would anyone want to pay for something that is not scare and unlimited in supply? You already know the answer, I believe.

The above examples also hold true for our beloved Steem. In as much as I wish that Steem gets into the hands of everyone like the manna that fed the Israelites in the wilderness, such a wish, if granted, will make steem as irrelevant as the P in Psychology. Who buys what everyone already has?

Therefore, the value of Steem must come from the sweats and difficulties involved in earning it. That's the whole essence of proof of brain.

This is why I am excited about the radical economic changes introduced by HF21. As an active author, earning Steem has never been this difficult and tortuous. In short, the usual rewards I earn have declined sharply. But I am loving it because Steem is only valuable when it is hard to earn it. I will give you another example:

A few months ago, people were comparing Steemit to Whaleshares. They said that it was easier to get attention and earn WLS than it was to earn Steem (even before HF21 and HF22).

Six months down the line, from 1 Steem per 10 WLS, it is now 1 Steem per over 100 WLS. That is, Steem has appreciated over 100 times against WLS, the token powering Whaleshares.

Well, I am not surprised. The moment I saw that everyone was easily earning WLS without investing a penny, I knew that disaster loomed for the WLS token. It was only a matter of time before everything started playing out.

So, to those of you who hate Steem because it is hard to earn it (and even harder now post HF21), keep hating it. The value of Steem will not come from having it as available as the air we breathe, it will only come when we have to fight and kick to earn it.

Until I come your way again, I wish you a full Steem ahead.


Posted via Steemleo | A Decentralized Community for Investors



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Earning steem is very difficult for common users but it is very easy for the early investors and those who can afford to buy steem and power up. Scarcity may increase the value of a commodity but if that commodity is not useful, then it is very difficult for that things to be expensive. Steem is not so valuable even it is scarce. Only a small community of persons on earth know about it. So, the basic problem is the adopting of steem as something worthy my friend.

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Only a small community of persons on earth know about it. So, the basic problem is the adopting of steem as something worthy my friend.

I can't agree less with your assertions here. I hope that the adoption rate grows massively in the years ahead. Cheers!

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Cheers my friend!

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Here is the Cath: steem have infinite supply.

Gold and bitcoin are finite.

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There are other interesting platforms:

https://bitcointalk.org/index.php?topic=5199817.80

There are certain aspects that few have not seen:

Seeing steem as a blogging platform is very complicated, absurd rules, communities, dynamics, the complexity itself of elements like CR, steem power, the blockchain itself, not knowing what hivenmind, tags to use, even though there are several dapps that can serve, like steempress, esteemapp, and so on.

It is more positive to attract dtube, 3speak vymm.

There are even more chances to attract users to the platform through splinterland, hashiking, nextcolony, kinghtbatle, and recent games, including BROsino casino.

You can attract some users who would like to have a business model, for example create their token, even create their platform, now you can tokenize things and make them NFT i.e. non fungible tokens which opens possibilities to create new business models.

For developers they can experiment with so many options, they are always welcome.

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