Why I powered up, and why you should too.

in #introducemyself4 years ago (edited)

If you’re an active contributor and you also own STEEM, powering up is simply a no-brainer! Let me tell you why I think so.

The Main Reason

As an investor in STEEM, and an active blogger and contributor, it just makes no sense at all not to power up. First and foremost, as an active contributor, powering up is the best way to get the most out of your overall contribution towards the continued success of your investment. Obviously posting quality content is extremely important to begin with, but with Steem Power your curation also works towards the goal of ensuring that Steemit is a trusted source of quality content. Quality content is what will drive Steemit’s success, and while this responsibility begins with authors, it’s the audience who ultimately bears the brunt of that responsibility, especially if your platform gives you a financial mechanism for curating. When you power up, you start promoting quality content using real monetary incentives. If you self upvote your own quality work (articles, comments, and the like), you’ll also earn money yourself. That having been said, you’ll have to work, no doubt about it, but if you’re an investor in STEEM, and an active blogger and contributor as well, you really have no excuse for not doing your most in making Steemit a success.

My Strategy

My strategy is simple since it’s dictated by common sense: post on things I know and curate on the same. I’m a language teacher with degree in Legal Studies who also has broad experience in both IT and investing. The truth of the matter is that my areas of so called expertise are limited (and relative as well). They define exactly where I plan to contribute, and, as would logically be expected, I’m not going to post or curate on something I don’t know or understand. That having been said, I’m also a photography hobbyist, book lover, film buff, etc., etc., so I might make an occasional comment outside of my areas of expertise.

I also have limitations within my areas of expertise as well. I was mainly into hardware, operating systems, and sys admin, but I also designed, created and maintained websites and their servers so I know a little html, javascript and php, etc. With the advent of crypto I learnt enough about C+ to be able to read and understand code, thanks to the comments. 😅 And what does all that mean? It means that I know enough to be dangerous, and that means being cautious with curation efforts where my knowledge is limited. I’ve been in crypto since 2013 and I’m quite knowledgeable on the subject, but caution is still the word here with upvotes and comments. It’s not like we can look at the URL to get an idea on the credibility and accuracy of something . . . even though we do have the rep rating. 😉

Even where my experience and knowledge has a stronger foundation, like in the world of business, economics, finance and investing where nothing is ever black and white, I still think healthy humility is an imperative.

In short, my strategy, and the strategy I recommend to everyone, is to engage in a healthy give and take of ideas, opinions and knowledge with others in the areas where you’re an “expert”. If your area of expertise is food, or travel, or health, or science, or politics, or whatever, then, after steeming up, that is where you should focus your curation efforts. That is how you, how I, how we all, working together, can each make our most effective individual contributions towards making Steemit the high quality content provider we dream it to be.

It’s Tough Work, and You Deserve to Reward Yourself

Don’t let anyone tell you that you don’t deserve to upvote yourself – if you’ve ever worked on quality curation and/or quality content posting, you know you’re worth every cent of your self upvoting! Truth is we’re really worth much more since, for the majority of us, what we end up seeing in terms of “ROI” on our hard work is well below the minimum wage, so please, upvote yourself.

I certainly will be upvoting myself, but I will limit it to half of my upvoting – the other half will go to original quality content and/or meaningful comments and material contributed by other Steemians. A 50/50 split at 100% power is my rough target, unless I post something fairly insignificant like a smilie, in which case I won’t upvote myself, or in the case where someone else has given a good faith effort but didn’t quite perform up to standard, a 20-50% upvote might be appropriate.

As I’ve already said, what the majority of us make doing this is next to nothing, and as such, we obviously don’t have a lot of time to dedicate to the task. In my case, I’m going to commit 7 hours a week to the effort – I need to find and/or create (because my half has to be quality content as well) 10-12 upvotes worth of quality content in an average of 1 hour a day, and that’s not easy to do if you give a good 30 minutes to /created/your_area_of_expertise looking for new stuff before you move on to the overlooked in /hot/your_area_of_expertise after first giving a quick look at your feed to see if there’s some overlooked quality content that’s been missed . . .

Networking with other Steemians working towards similar ends in shared areas of expertise would likely help to make curation more efficient. One model might be an informal group of 30-40 or so, each publishing once a week which would give each contributor a good 5-6 100% upvotes a day (or 10-12 50% upvotes, whatever you most prefer, time allowing, but you get my idea, right?).

It’s pretty easy to just go around giving out random upvotes; it’s quite a different story if you’re looking to really reward quality content. It’s been said that blogging is the new mining. Unlike mining, with blogging you don’t need to spend big bucks on hardware, or pay expensive electricity bills. But you don’t get to sit on your butt either. No, with this you must work! That’s the price for not having huge electric bills and huge capital investment. 😎

The Second Reason for Powering Up

This really brings us back to the main reason itself, but it’s slightly independent as it is more immediate and guaranteed in terms of return on investment: as mentioned, you can, and should, upvote your own posts and comments, and if you upvote 10-12 times a day, half to other contributors you deem to have posted quality content, and the other half to yourself for having found and commented on that quality content, you’ll earn an additional 10% per annum, more or less, on your investment. When you combine that 10% to the roughly 9.5% your SP earns every year, you’ve got an almost 20% yearly gain just for starters, leaving aside longer term price appreciation of STEEM brought about by your community motivated quality content.

Conclusion

By powering up AND actively posting and/or curating quality content we not only increase our individual annual ROI to roughly 20%, but we also do everything in our power to make Steemit the high quality content provider we want it to be, which is, beyond any shadow of doubt, the best way we can contribute to making our collective investment in STEEM the most profitable it can be.

Sound like good enough reasons to power up?


Please leave your comments, input, questions, etc., below!

Your support is much appreciated. If you like this post, please Upvote.

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@cryptographic

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Welcome to Steem Community @cryptographic! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions.

In the New Steemians project, we help new members of steem by education and resteeeming their articles. Get your articles resteemed too for maximum exposure. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch

Very nice initiative. Helping to educate new members of the community about "security, different terminologies, and best practises" can't be underestimated, especially security. If you're posting this comment to every new member, my commendation! Best of luck with it, and do let me know if there's any way I can help.

BTW, I've followed you (for all the right reasons) and since I'm still under 500 followers . . . 😋

Excellent posts, clarifying many matters that newbies such as myself need to know in order to build our presence and earnings.

I agree wholeheartedly that we should do what we can to ensure more and more quality content.

While Steemit's business model is so much more respectable than those of other social media sites, and while it's content is generally better, there is much content that is of debatable value.

Fair enough, as the platform is open to everybody. But Steemit has great potential as a publishing venture, and we should all work to ensure that its content is known to be high quality.

Extremely succient and well balanced appraisal on Steemit's potential, main challenge, and where responsibility ultimate lies. Thank you for that.

I agree, very good post, but I'd still like some clarification on exactly what the process of powering up is exactly and how to go about it... I understand the basics thought I think. Anyone got some good articles to link about it?

It's clear that your expertise area is the language and communication man. You convinced me, I'm going to power up as much as possible and also upvote even more my own posts. Good work!

That kind of well founded flattery will get you an upvote everytime! 😂

Seriously, I give it my best, and very much appreciate that kind of positive feedback.

Glad you liked it!

😂😂👍🏻 believe me! I read it till the end because you caught my total attention and I enjoyed while reading it and learning.
Thanks for the upvote

That's really great to hear. It means that I did my job right. One of the most important aspects of writing is to capture the reader's attention and hold it to the end. It's not an easy task, especially with articles whose titles end in "why you should too". Thanks again.

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how the qualify of this @originalworks for video contents? video that created by ourself and edited also qualified?

Congratulations, you have won the daily @OriginalWorks resteem contest!

Interesting take. Don't know how I feel about the 50/50. and someone already mentioned the whales who do that and just serve themselves.

The criticism regarding self upvoting on the part of some whales is that they do so on trash posting. They post memes and upvote themselves, or they make worthless comments and upvote themselves that way. Sometimes they upvote each other's trash. Of course, the worst of the worst are those with double and triple figure upvoting power. The key word in all of this is trash.

I'm talking about upvoting quality content, and I'm even more in favor if that quality content is your own.

There's a huge difference.

And, let's remember to not make a blanket observation: it's a select minority whales that I think is getting smaller and smaller the more they realize the long term damage they're doing.

Thanks for bringing it up again. It's an issue that I think we should keep in the forefront.

I am all for upvoting quality content. Just a bit concerned. I just saw a post by someone on how to keep all the money to yourself. Just think that kind of thinking is the end to a social platform and probably to quality content as well....
And yes, I didn't mean to imply that all of any group do this - I really wouldn't know and it is never fair to say that all of any given group do the same. That is prejudice, right?

Great post. I 100% agree with you on it. The only place i get worried is with the whales who seem to only push themselves and their inner circle. For the ten cent voters i see a lot of love and help being spread around the site so fair play to them.

The only place i get worried is with the whales who seem to only push themselves and their inner circle.

That is a concern shared and commented on by many a Steemian. Frankly I'm puzzled by their shortsightedness. You'd think they were smart enough to realize that long term they're cutting their noses off to spite their faces.

Three cheers to all those little ol' minnows setting a Steemit Best Practice example! Hopefully those self-interested whales (I say "those" to make clear that I don't think all whales fit into this group) will learn something very positive from their plebeian counterparts. 😍

Absolutely. There are a few great whales actively working on the site and helping the minnows. But they really need to, if people cant see a reason to use the site there are plenty other ways to spend their time. The long term future of steemit depends on on active and functioning membership.

I am grateful for this post. Have been educated with you thought. Now I know the reason why I need to power up and prioritize my upvote to my area of interest. Thanks @cryptographic

Area of interest is key. That's where we all need to really focus. Thanks for pointing that out again. It can't be said enough!

Cheers

@cryptographic great post , congrats . Keep working and with power up you'll raise for sure ! Followed and upvoted , I'd like to keep in touch !

braveheart-slot-logo.jpg

Sounds like a plan. Count me in!

Thank you ! Now the connection is made, we must maintain it being reciprocal active . See you bro

Great post! Glad to have you here!

Glad to be here in such good company contributing my grain of salt. 🙂

Powering Up - thanks for the info and the lengthy post @crytographic - still new to all this and it's posts like yours that help me get a better handle on how on Steeming It!

Thanks. I’m new here also, so feel like I’m still settling into the community.

I’d love to know more about the upvoting and powering-up here.

I bought some Steem through Coinspot (where I do all my crypto-trading), but I can’t tell how to transfer it across to here so I can use it for such purposes.

Do you – or anyone else – know how I can go about doing this?

I imagine it's very similar to transferring from Bittrex, but be sure to confirm by sending a very small amount first (like 1 STEEM ;-) )

https://steemit.com/bittrex/@cryptos/how-to-transfer-steem-from-bittrex-to-steemit-com

Thanks so much... I'm onto it now!! 👍🏽

That is really cool glad that i found this post i didn't know it has that much potential hidden inside it :D Thank you so much again for this post :D

Great article, just got a little better understanding on how everything works here :)

Welcome to the community!

Great post. Your profile picture also makes everyone here happy.

Yes, I am powering up all the way ^_~

Thanks so much, Crypto. As a newbie, I really appreciate this kind of advice. Thanks for being so clear and thorough. I intend to follow your advice and power up as soon as possible.

How do you POWER UP?

@cryptographic thanks for sharing the link with the community. For some of us this might be a normal thing, but for new users this is very important to learn. Just upvoted your comment! @gold84

By the way thank you again for you insights! Where you notified I mentioned you on the last post: https://steemit.com/steem/@gold84/how-to-find-cryptocurrency-assets-that-will-succeed-before-they-are-popular . In the part of a good team foundation. Looking forward to your thoughts on the post. @gold84

I will check it out as soon as I have the chance. I promise. I've made a mental note. I've been extremely busy with higher priority items burning the candle at both ends. Haven't even had time to upvote and that's ~$25.00 a day that isn't being rewarded. 😶

Maybe tomorrow, and I'll hopefully find people there to upvote too. 😇

Thanks for keeping me posted!

Thanks for the follow up @cryptographic . Looking forward to your thoughts once you take a look at it. @gold84

Excellent ! You have clarified all of my doubt about on the topic power up.After reading this post i think i should also use powering up .you have explained very well and this will help lots of user like me. 20% ROI ,that's sound good for power up.
All i want to say is great job buddy ,keep posting

You are right, power up!

sounds really good!

I'm still unsure of how it all works, but this strategy makes sense, so I'll try it. Thanks for the info. I'll follow you now.

I am new to Steemit and didn't know much about the powering up process and other aspects of the platform, thank you, this was very well explained, I think I'll be doing it when the time comes. Keep up the good work!

I do not often upvote myself, but people who are in the "promoted" column have voided their steem which adds value to the currency as it diminishes the supply. People like you get my upvote for spending on the community!

@cryptographic is the right one you wrote. In this way we can increase our power. But when I vote someone So my 40 percent power is low. There is not solution for this.

This made me want to Power Up a little, but don't know if I'll do since I don't have a lot of money....

Hmmm... I'll just use steemit the way I know and post good posts then.... (I'll try to post better but these are the best I can write)...

great working keep it up

#cryptographic 👏🏻💯👏🏻

@cryptographic this is an excellent post. This will help new users of the platform and many persons understand the value of STEEMIT, and the benefits of powering up. When you are new in something you tend to investigate a lot before doing something. I also Upvoted the @originalworks comment, so it hopefully gets higher in the results were this post deserves to be. By the way, thanks a lot for your comment on the latest post about the Value of Tokens: https://steemit.com/steem/@gold84/the-value-of-tokens-how-they-power-different-blockchain-techonology-platforms . @gold84

I'm relatively new to steemit, and feeling a bit over whelmed by it all! but this post was super helpful and really easy to understand! Thank you for your clarity!

This post recieved an upvote from ryankofi. If you would like to recieve upvotes from ryankofi on all your posts, simply FOLLOW @ryankofi

Very informative, I'm convinced

I came to a similar conclusion after about a month here. Currently moving my meager earning to steem and steem power. Thanks for sharing this! Spot on!

I like your musings and I power up a lot. However if one needs some money it takes soo long to get the money out.

Thanks for the information @cryptographic!

I will certainly upvote and follow and I do still have all 30 of my witness votes as well :) Keep up the great work and I will keep you in mind!

To the moon,

bwells

Naice

Thanks for providing useful information @cryptographic. Your help is really appreciated.

This is just the information I needed to hear. I just did my first STEEM POWER purchase of about 15,000 KRW to start off.

good article :)

Realy cool, i am thinking the same thats why i don't power down ever

Oh boy! I had not known it is acceptable to upvote myself! I sort of had a feeling that, even if it is possible, it is not ethical.

I'm still trying to work out the ethical side of it, but I like patting myself on the back :)

I had read that if I watch for new posts and I get in among the first, I can share whatever that post earns, with the poster ending up with about 70% of earnings. Are you saying that by self-upvoting I could end up keeping a higher percentage?

I am following you because I find you interesting, but I do not ask that you return the favour. If you enjoy my kind of writing and you follow, that would mean far more to me.

This post received a 1.6% upvote from @randowhale thanks to @cryptographic! To learn more, check out @randowhale 101 - Everything You Need to Know!

Excellent post i was searching this topic @cryptographic !

How to power up on Steemit sir please explain step by step if possible for you ?

That was a really good article and It was so informative keep supporting this community @cryptographic

I was told it was not recommended to up vote your own posts. Is this incorrect?