I was out with the wife the other night, having a couple of beers at Mr Banks.
Mr Banks is a brewery that do real beer, the stuff that tastes amazing, and brewed using good quality ingredients. Beers like this Red XPA, which was a real treat with its malty aroma and hoppy and equally as malty flavours.
But we’re not here to talk about good beer, we’re here to talk about the odd and disturbing experience that is seawater beer. A beer that I unfortunately encountered at a Spanish Bar that my wife and I visited after growing tired of drinking good beer.
I might be ignorant of some important and vital piece of beer brewing information, but why the hell would you want to brew a beer with sea water? Most good brewers take all steps to ensure their water supply is as clean and free of impurities as possible. Clean and purified water that is low in salts ensures that the flavours that the brewer is attempting to bring out in their brews comes through as cleanly and effectively as possible.
In my mind, adding sea water to your brew sounds like complete insanity. I cannot fathom how sea water would add in a positive way to the flavours of a beer. In the brewers defence, they do filter the water but the question still has to be asked as to why they think sea water is a great addition to a beer. I truly don’t understand how, but apparently this beer has won some awards. So it seems that there are people out there who like this beer and willingly choose to drink it. Even after sampling it for the first time. Insanity, I know.
And there are even people out there who believe this beer is good for them, and that it prevents hangovers. This chap raves about the beer and its supposedly magical properties. He claims that the beer has the following properties:
It’s packed full of electrolytes as a result of being brewed with sea water. Clearly the guy has never heard of sports drinks if electrolytes is what he’s seeking.
It’s great for hydration. No, alcohol is never good for hydration…
It makes him urinate less. Could that possibly be the result of drinking salt water?
It didn’t give him a hangover. Even though he woke up with a hangover.
It’s good to drink after exercise. A theory that was debunked a long time ago.
So I suppose I should tell you what I actually thought about how this beer tasted. It’s probably quite obvious by now that I’m not a fan. But if it isn’t clear, I’m not a fan of this beer.
The beer looks great in a glass. It has a lovely misty amber colour and pours with an impressive off white head. But that’s where the praise ends. The aroma is quite literally of a stagnant ocean. On the palate the beer has mild carbonation and a stale bitterness overpowers any normal beer flavours that you might be expecting.
And that’s really all there is to this beer. A beer that looks nice, but smells bad and tastes equally as bad. I dislike this beer so much that I won’t even bother you with the usual beer data. Simply stay away from this terrible idea of a brew. You’re not missing out on anything, I assure you.
So I’ve spent countless hours researching different coins to invest in recently. Coins that offer Proof of Stake and Masternodes have really taken my interest. And I’ve found some great coins to invest in amongst the utter crap that you’ll find in the vast sea of coins out there.
I had some basic criteria as to what the coin must provide in order for me to be interested in investing in it. And if these boxes were ticked I’d continue my research into the coin before investing.
Relatively stable price;
Listed on a decent number of exchanges in addition to some good exchanges;
Good team behind the coin;
A good community supporting the coin;
A solid purpose for the coin i.e. what problem does it solve?
Ability to offer a reliable and passive income stream.
The thing is, Steem ticks all of these boxes and then some. I’ve always known this, but I hadn’t really considered that what I was searching for all this time was essentially another Steem.
We all know that the crypto market is in full bear mode right now. So while Steem has been on a southward trend, so has the whole market. And when we get that occasional green day, Steem is one of the coins that typically shows a decent recovery.
Steem is listed on all the exchanges that I need access to – Binance, Bittrex, and numerous others. This makes it easy for me to convert my Steem and SBD to other currencies or Fiat.
To date, I haven’t converted my Steem and SBD to Fiat but I have converted a portion to other currencies such as BTC, EOS and IOTA. My goal is to have a Steem funded and nicely diverse portfolio of crypto, but with Steem as my greatest holding. And I’m making some decent progress here, hence my research into other coins lately.
You’ll always get people banging on about how little Steemit Inc do and the mistakes they make, but at the end of the day I see that they are continually working on the blockchain and I’ve even been fortunate enough to speak with some of the Steemit Inc team members.
I have a lot of confidence in the Steemit Inc team and the potential of the Steem Blockchain. So I’m happy here.
If you don’t know the purpose of the Steem blockchain and currency then perhaps you should do a little reading. There is huge potential for the Steem blockchain and currency, just look at how insanely massive @steemmonsters has gotten… I never saw that coming.
A Passive Income Stream
And this is probably the thing that has me most excited and the one thing that made me realise how stupid my search was for a passive income stream in the crypto market.
The more Steem Power I hold, the greater my passive income stream becomes. So why the hell would I send my Steem off to the exchanges when I can simply generate that passive income right here?
There are so many options for a passive income stream on Steemit. You just have to know where to look.
Delegating to the bid bots
This is often one of the first methods that people think of when looking for a smart use of their Steem Power. And it could be a great option for you. You can earn anywhere between 15% to 30% return via delegating to these bots. But, personally, this is not what I want to do.
I understand the purpose and benefits of a bid bot, but I don’t want to give them access to my Steem Power. I’d much rather use other strategies to generate my passive income.
Lease your Steem Power
Leasing your Steem Power makes sense to me. There are a few ways you can do this. The one that I am most familiar with is via Minnowbooster however you can also lease your Steem Power via Smartsteem. Once you have created your account with Minnowbooster you can look through the available Steem Power leases available, and if you choose to, you can lease out your Steem Power to another Steemit user. The period of time of leases can vary, as with the anticipated earnings.
Sell your vote
This is something that I have done for a long time. And I currently do it via Minnowbooster. Smartsteem also offer this service, and I’ve very recently started testing them out. For both Minnowbooster and Smartsteem, if you sell your vote you earn 85% of the profit in addition to your usual curation rewards.
From my experience, and a common recommendation by both services, is that you really should only sell a small percentage of your vote. I only sell up to 25% of my voting power. This allows me to still upvote the content posted by the people who I follow and upvote comments on my posts. I have sold 100% of my voting power in the past, at a time when I needed to earn some quick SBD, but it takes way too long for your voting power to recover to make it worthwhile.
The biggest benefit of selling my vote is that if I cannot log on to Steemit for a period of time, I know that my voting power is being used and I am earning a small passive income from my Steem Power. It’s a brilliant service, and one that I will continue to use for a long time.
Delegate to an App, Service or Community
Some apps, services and communities will reward those who delegate to them. Not all of these are passive income streams but the rewards can be great.
For example, the @minnowsupport project will give you upvotes on your content if you delegate to them. And if you delegate to @dtube you receive a passive income in the form of delegator rewards.
This is far from a comprehensive write up as to what you can do with your Steem Power in order to start generating a passive income stream.
I like to control my Steem Power as much as possible so I don’t delegate anything personally (other than a short term delegation to @cyclefeed), I only sell 25% of my voting power. And I also like my vote to mean something to the people who interact with my content and the people who I follow. If I delegated most of my Steem Power my vote would return to 1 cent again which wouldn’t be much fun for anyone concerned.
But the point is, regardless of how I choose to utilise my Steem Power, I am able to earn a passive income stream by making smart use of it. And that passive income is quite likely higher than what most other currencies out there are offering.
And earning this passive income much simpler too. I don’t have to set up a masternode. I don’t have to set up a mining rig in my house. And I don’t have to run the risk of sending my coins to an unknown wallet to be part of a shared masternode service as well.
So make smart use of your available Steem Power. Grow it as effectively and quickly as you can. It will only benefit you in the long term.
How are you currently using your Steem Power? Tell me about it in the comments.
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This is my entry into an excellent competition being run by @whatsup. If you don’t know who @whatsup is, he’s a very active Steemit user who works hard to increase the level of engagement we see on our posts. He also creates consistently interesting content, so check him out.
This competition is quite simply telling your story as to how you came across Steemit and your experience to date on the platform. So here’s my little tale.
I heard about Bitcoin back around 2012 when it reached $20 and hit the mainstream media for this price rise. I was working on a mine site and thought I’d grab $1000 worth as soon as I got to my computer.
As with many people, I forgot about it, and never bought a single coin. So when cryptocurrency started getting back into the media in October 2017, I remembered hearing about Bitcoin back in 2012 and kicked myself very hard for not buying $1000 worth back then. In 2012, $1000 worth of bitcoin would have bought me 50 coins, and 50 coins when Bitcoin reached its’ peak of $20,000 would have been worth $1,000,000. I could have quite literally become a millionaire with an investment of $1000.
As a result of recognising this missed opportunity, I started researching the cryptocurrencies a little more deeply. I was reading blogs, listening to podcasts, and watching various YouTube videos on the topic. Eventually, I stumbled across a podcast by Chris Coney (@marketingmonk) where he was discussing Steemit and other currencies.
Naturally, being someone who enjoys writing, I headed straight over to Steemit and created an account. I didn’t even browse the posts on Steemit before creating an account, and if I’m honest, that’s probably a good thing. Many a content creator could easily be scared away if they looked at the posts under the “new” tab and even the trending tab for that matter.
My Steemit Journey so far
I didn’t take Steemit all that seriously when I first started. Initially, I just wanted to see how easy it was to earn some free crypto. So I was posting what can only be considered rubbish. In time though, I started taking the platform a little more seriously and started to think more seriously about the type of content that I wanted to produce and the topics that I wanted to discuss on my blog.
I started writing about wildlife photography, beer, wine, my early research into cryptocurrencies and a few other topics. I started entering writing competitions and writing about very personal stories and experiences.
When the crypto market went through the highs of late 2017 I started pumping out as many as 5 posts a day on Steemit and it was at this time that I discovered what it was like to be a shit poster. My content wasn’t great and my posts were only taking a few minutes to produce. Thankfully, I started questioning what I wanted to be known for on Steemit, so in early 2018 I pulled back on my posting frequency and started caring about the quality of my content.
Over time, my writing style has evolved and become more structured. I’ve started learning about the strategies that can be used to increase engagement if that’s what I’m after or simply how to properly structure a post in order to communicate your chosen message.
And I haven’t just produced written material over this time. I’ve even tried my hand at creating videos on DTube which is something that I never before would have done had it not been for some encouragement from a fellow Steemit user and a curiosity to see if I could actually do it.
And when it comes to Steemit, there are many ways to earn your currency. A few months ago I launched Steemit Shop Australia, which was an online store that sold Steemit and DTube merchandise. People could pay in Steem and SBD if they chose to, and many people did. The store was fantastic, but sadly wasn’t earning enough to maintain itself. So I have closed the store for the time being with plans to open a new one in the coming weeks. You can still by merchandise from me though, check out the post I wrote about this yesterday. One of the coolest things about my shop is seeing people all over the world wearing my merchandise (check the shirt that @snook is wearing in her video, here, that’s one of mine). It’s been amazing to see just how far reaching this little shop that I built one night over a few beers has reached.
I was even involved in the creation of @blockdeals, which was a deals and coupon listing platform built on the Steem Blockchain. This is an awesome use of the Steem Blockchain where users can be rewarded for finding awesome deals and coupons, and sharing them with the community. Through their sharing of these deals, the user gets rewarded in Steem and SBD. So, in theory, a person could earn enough currency to buy the product they find if the community likes their post enough. We were unable to get the delegation needed to make this project a success though. So the team has disbanded. There is hope though, I don’t think the devs have entirely given up on the project so we may see something come of it yet.
And through my writing posts and engaging with other Steemit users, I stumbled across some fellow Australians on Steemit and was invited to join the #TeamAustralia community. This proved to be an excellent decision as I’ve since met a number of Steemit users face to face at meet ups in Melbourne and even a couple of Steemit users in Adelaide.
So lets summarise my mistakes on Steemit to date and the things I’m glad I did and experienced and will continue doing.
Cashing out my earnings early on. Don’t do it, power up everything. I’d be at more than 2000 SP by now if I hadn’t tried my hand at trading on the exchanges with the Steem and SBD that I made in the early days.
Shit posting – just don’t do it. It ruins your reputation as a content creator and it can be hard to earn the the respect and trust of your fellow Steemians if you become known for it.
Things I’d do again and keep doing
Going out of my way to meet people, both online and in real life. I’ve met so many amazing people on Steemit so far, and continue to do so.
Having a big focus on creating quality content rather than a vast quantity of content. It doesn’t matter if your earnings are a little less, your followers will appreciate you all the more if they see you care about quality over quantity.
Entering as many competitions as possible. Getting your content in front of new people through competitions is one of the best things you can do. Plus the prizes can be great.
Getting out of my comfort zone and making videos on DTube.
Getting involved in new projects on the Steemit and the Blockchain. My online shop and @blockdeals were both excellent things to create and be involved in. And my online store will definitely be live again soon.
Right now, I’m trying out @steempress for my blogging and have returned to creating written content rather than blogging. I’m also spending a large amount of time researching cryptocurrencies and the various ways in which we can invest in them.
This is partly so that I can diversify my cryptocurrency holdings but also so that I can help others learn about this little world of ours.
I’ll probably continue to create video content, but for the time being I’m enjoying writing again. It’s what I do best.
And of course, I’ll be releasing my new store in the future as well, which will hopefully stock some different products from what I have listed previously.
In recent days I’ve seen a couple of posts about established Steemit users discovering Steemit users who were creating amazing content but weren’t getting their content noticed.
And I’ve also stumbled across a few Steemit users myself who really deserved much larger rewards and recognition than they are receiving. And not just from the perspective of quality content creation. I have encountered highly active and very passionate Steemit users who simply deserve encouragement to continue working on their skills as a content creator. We can’t only reward those who create outstanding content, the users who are working hard to develop their craft need reward as well.
Based on these observations, it seems that it is getting harder to get noticed on Steemit these days.