The power of this platform comes from the fact that we can help others while helping ourselves at the same time.
It's been my dream since I got here to be like @smooth, @dan, @ned , @blocktrades , @berniesanders etc and be able to simply hit a button and hand out $100 whenever I felt like. I mean think about it, that's about $2,000 each day you can just give to whatever you feel like.
As a result of this desire, I have been promoting the platform far and wide. Literally going to a different country to bring on new business, in order to expand the whole ecosystem. Because what good is $100 if you can't spend it anywhere?
But despite my SP climbing to 5,000 my own upvote power has been stuck at about $0.01 for a long time now and I've been trying to sort out why that is. Today I looked and realized I had been on power down for awhile now. I don't recall doing that, but I'm turning it off now!
I'm not against buying steem on the open market, but I do worry because it is designed to flood the market rapidly and push the price down in order to encourage companies to buy it to become whales. While it might be a good strategy for a company with an advertising budget, I don't have the cash to buy large amounts of steem. Yet I still want to be able to earn my way to the whale list.
A few days ago, we got a new option...
A little unassuming checkbox on each post that says...
"Pay me 100% in Steem Power", I had basically ignored it until I sat down and did the math.
Had I been paid 100% in SP this whole time, I would have about 25,000 SP by my math.
This means I'd be a dolphin right now!
This is over 5x what I have right now. It also means that my upvotes would be worth at least 5x as much. But that's the naive view. The reality is that compounding effects would make that closer to 10x. So my napkin math is telling me each vote would already be worth $1.00 and going just a year like this would mean each vote would be worth $10.00. In two years it could easily be as much as $100.00 just assuming current growth rates.
So starting now I'm taking a pledge.
All of my general interest posts, will be paid in 100% Steem Power, starting with this one.
I'm encouraging you to take the pledge too...
Unless you really need the money right now just select for 100% SP and watch your voting power increase so you can bless the lives of others.
In the meantime I've opened an issue up on Github to tick that little bugger by default.
https://github.com/steemit/steemit.com/issues/358
Doing so will drive up the price of steem and SBD. This is much healthier for the steem ecosystem and it will cause the minnows to compound their voting power much, much quicker! I'd like to see every minnow be a whale in 2 years or less.
There is also an open issue by @roadscape to highlight posts which are 100% SP, that issue is here
https://github.com/steemit/steemit.com/issues/261
I encourage you to go to github and give feedback on these issues so they know this is important to us as a community.
update: Evidently I'm not alone in this. @deanliu had a similar idea, the major difference being I opened the issue on github first. But here is his post, evidently he did have the idea before I did.
@deanliu/100-sp-might-be-a-good-payout-option-now-100-sp