Following yesterday STEEM appreciation, which seems to continue today, the STEEM rewards fund is now worth $2,000,000, after a few weeks when it was below $1,500,000.
The screenshot is taken from steem.supply, and, as you can see it, the fund didn't grow very much in STEEM, but because of the asset appreciation, it's worth a lot more now in fiat. As a matter of fact, in STEEM, the rewards fund is still at a relatively high level, which means any of the following (or all of them at once):
- users are posting / voting less
- some of the users are simply forgetting to cash in their rewards, which are "stuck" in the rewards pool
- the vast majority of people are immune to the concept of "opportunity" - which means, basically, that you have to be greedy when others are fearful, and fearful when others are greedy (as the big oracle, Warren Buffet himself, once said, and the whole Internet is copying that ever since).
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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