I am having problems with bandwidths. Last night, I couldn't post anything. I always get a response that I have exceeded my bandwidth and that I have to wait or power up before I can transact. That's funny. I haven't posted a single article or blog for over 6 days now. The only postings I did were either comment on some posts that I found interesting or reply to some people who react to my previous blogs. No 2,000 words blog or videos or anything. Now how can I possibly have exceeded my bandwidth?
I asked my daughter what this could be. She said, "You know papa, it's like when you write you use up ink. If you wrote a lot, you run out of ink. So you either wait to be recharged or you buy new ink." But that's exactly my point. I haven't been writing at all.
I almost converted some of my SBD's but decided just to wait today.
While waiting to recharge, I came across an article by @bycoleman. I resteemed it but you can check the link here. In his article, he was asking where the money from steemit was coming from considering there are no advertisers nor sufficient interest bearing accounts. So he is saying in his blog that without these the only way for Steemit to survive and continue giving rewards is to bring in more people who can power up. For as long as new members come in and power up, there will be enough to pay content authors and curators. But how long can this last? Pretty soon, there will not be enough new members to sustain Steemit.
Then suddenly, inspiration!
Source
I finally realized the reason why I was having bandwidths problem. Steemit wants me to power up so I can continue posting uninterrupted. So, if I cannot wait, then I just convert my existing SBD to SP. But what about others who do not have SBD's to convert? Then they have to buy SP by paying it from their own pocket. And therein lies the answer (at least partly) to the question "Where will the money come from?" It will come eventually from us, the existing members and not only the new ones, when we begin to buy Steem Power from our own pockets either by cashing in on our other investments and putting them all in Steemit just so we can continue to post and earn Rewards.
Business as usual, folks.
However, this does not bode well in the future. Members who do not earn much (and these are a lot) may decide to leave the platform if they find out that they have to invest in steem just so they can post to their hearts' content and hopefully earn substantial rewards. But the big ones with the big following are the ones really eating up the rewards in our platform. A lot of Steemians are more interested in chasing curation rewards than bother with content and that will eventually discourage new members from coming in.
The above post is just my opinion and may be inaccurate or inadvertently misinformed. But I suggest you read the article of @bycoleman and go over the comments and reply section where so many questions I am sure you also have lingering in your minds are answered. When I cam across the article, it had only about $33 in rewards. Now as of this writing it already has been upvoted 206 times and $113 in rewards.
Have a good day.
