There comes a time in the life of every publication when a difficult decision has to be made. In this case, I'm contemplating the end of the Crypto Digest.
When I joined Steemit in March this year, my vision was to publish a digest every day that my client Blockchain Times published one. At the time, it was every day Monday through Friday. Not long after, we reduced publication to two days a week. Starting next week, we are moving to a three-day-per-week schedule. (That actually started this week, but due to Labor Day, we only published Wednesday and Friday this week.)
What I've discovered is that my cryptocurrency posts don't generally garner the same level of interest as my literary scratchings. As I began to get more involved in literary communities on #Steemit, I pulled back on crypto and began posting only on Fridays. I had reduced to just two days a week when my client's schedule changed.
As previously stated, my earnings from non-cryptocurrency posts is much higher than my earnings from the Crypto Digests. Here are the proofs:
All of these posts have earned these rewards with no assistance from bidbots. By contrast, last week's Crypto Digest earned, past payout, 7.88 STU, but most of that was from investing 5 STEEM in the Buildawhale bidbot. My payout was $5.85, which means the post earned less than 1 STU in seven days.
I hope you can see my dilemma.
As I see it, I have three options. I can continue to post the digest on Fridays as I have been doing for a few weeks now in hopes that my earnings increase. A second option is to end the digest and post other things on Fridays. The third option is to take in at least one sponsor and increase my rewards that way. My inclination is Option #2. However, if some generous donor steps forward to sponsor the Crypto Digest, considering it is worth my while, I'll continue posting them.
Now, of course, I don't expect something for nothing, so I'm willing to mention any account that sponsors the digests. The sponsor will get a text link back to their Steemit blog and an @ mention along with a banner ad, if they so wish. These will be non-obtrusive as I don't want to drive readers away from the blog, but a sponsor deserves to be mentioned.
If you have any interest in this, leave a comment on this post or you can reach me on Discord at blockurator#7537.
This is not an ultimatum, it's just good business sense. As much as I like writing these digests, I still see Steemit as an investment and want to treat it with the respect that it deserves. I hope you understand.
Now, without further ado, here's this week's Crypto Digest.
This week could be called Yo-Yo Week. Markets went up. Markets came down. Which is nothing unusual, except that they went up really fast and then came down really fast, and everyone's talking.
Take #Litecoin for instance. Today, LTC tumbled 21.25%. On Wednesday, everyone was talking bout Litecoin hitting a one-month high of $70.
But it's not just Litecoin either. Two days ago, Bitcoin rallied 5%, driving the market up to $240 billion. Actually, the rally was over the weekend, but by Wednesday, everyone was talking about it as if the town hoe got a job. Then, in two days, the entire crypto market fell in a fricking ditch and lost 20% of its weight. Thanks Richard Simmons!
Poor Ireland. What a sloppy mess.
It's all well and good. At least Coinbase won't have far to go to issue new trading pairs for the British Pound. And back in the states, Coinbase solicited #BlackRock for assistance in exploring a possible crypto ETF. Because who doesn't like getting kicked in the balls by the SEC?
Goldman Sachs pulled out on its plans to open a bitcoin trading desk. Could be why the markets tanked this week.
#Binance is giving away 1 million TRX tokens while accusations fly about potential wash trading at #Bithumb. And the Aussie Stock Exchange postponed the rollout of its blockchain settlement system even as Google adds #Ethereum's dataset to its big data analytics platform.
That's a lot going on. And it doesn't matter who got high.
We already know the markets are finicky. And this week proved it. Both #Ether and #Cardano are at their 1-year low. In fact, Ether dipped more than bitcoin and the fanboys are pretty pissed off about it. They're thinking about going emo.
But there's a ghost town in Canada that finally got some bitcoin. An Alibabab Group, certainly no ghost, filed 10% of the worldwide blockchain patents last year.
If you're dying to know how #Ripple, Ethereum, and Litecoin were doing before the big ditch dive this week, Nasdaq is all over it. But if you want to know something depressing, let CNBC tell you how much you lost if you invested at the top of the #crypto bubble. Why in the hell did you even do that?!
One of the best reads of the week is this little gem about the top #cryptocurrencies in 2013 versus now. There seems to be a rotation of #altcoins.
You know me. I don't take bribes or handouts to mention companies. I try to maintain my objectivity and impartiality by just not giving a shitcoin.
#crypto-news #crypto-analysis #blockchaintimes
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