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Steem: Where does the money come from? An example anyone can use. by exyle

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busy · @exyle · (edited)
$33.52
Steem: Where does the money come from? An example anyone can use.
![IMG_1861.jpg](https://cdn.steemitimages.com/DQmd9iMt1Uf4MjaZPjNTEDMUyHcq5AEUTYT6RvRD1Ygxxeq/IMG_1861.jpg)

-----

I had a nice conversation with my dad today *(He's a business owner for over 30 years)*.

I always try to convince him about Steem but it's hard.

Often it's a little bit abstract to him which I can understand *(Where does the money come from is an often returning subject*).

But thanks to Steem Monsters and all the talks I had with developers at Steemfest 3 I could use a new approach this time.

It's a simple approach really. 

Here it is.

Steem monsters earns revenue by selling cards and by taking a cut from the marketplace.

People that buy cards can use fiat or crypto to pay for the cards. *(This answers where does the money come from!)*

----

![Screenshot 2018-11-13 at 19.44.35.png](https://cdn.steemitimages.com/DQmfTUaYvh7rMtstcjuoeBYjKCnEYC8pVUHAvRzto8dYkZz/Screenshot%202018-11-13%20at%2019.44.35.png)

*225,000 Beta packs sold at $2 a pop! (after 300,000 alpha packs had already sold)*

------

Whatever the payment method is Steem Monsters turns a big part of the money into Steempower *(this is key)*.

Now they can use this Steempower to frictionless reward their users/community members for adding value to Steem Monsters *(over and over again!)*.

This allows them to grow their community and give them an incentive to do good or advertise for them and reward them with votes.

They never have to fear that their Steem power is taken away because it's their own (not delegated) and they don't have to fear about the price of Steem so much because it's not their main source of income.

This circle pulls liquid STEEM from the market and locks it up in Steempower.

The bigger their Steempower holdings the more they can use it to grow their community faster and faster.

In other words.

Steem power is not a business model to generated revenue.

It's a powerful tool to grow a community and should be used as such.

Right now they have powered up 339K STEEM into Steem power.

When they keep this growth up they will have a million Steem Power soon. 

All earned and not bought and all the while they are still selling cards for revenue!

---------

I saw a small light turn on inside my dad's mind after that :)

This is the territory which he is familiar with (selling a product).

He might not buy Steem straight away but when we see more businesses starting to apply business models with second revenue streams on the blockchain I bet he will be more interested.

The question is will STEEM still be 72 cents if that is the case.

When it's known that Steem is a money generating blockchain with working products it's going to be an easy sell to investors.

And then the amount of liquid STEEM out there will turn out to be not so much (only 82 million liquid STEEM).

I expect the price to go up when the word gets out.

Therefor I'm not going anywhere!


------

https://steemitimages.com/DQmdWG7QanG3ZEgJQ4SiLkyQ5BKtxGU7jrrnwDTqsz3r177/Logo_Side-by_side_1000.png

------

#### I am part of witness @blockbrothers. 

Please consider us for your witness vote if you think we deserve it [here](https://steemit.com/~witnesses):

----


https://steemitimages.com/DQmd4uuke7jSGrYPZvWBaXYtfaupBWCkSNSx4gdVrQdjVcs/witness_vote.gif


-----

<sup>
[Vote for @blockbrothers via SteemConnect](https://v2.steemconnect.com/sign/account-witness-vote?witness=blockbrothers&approve=1)
[Set blockbrothers as your proxy via SteemConnect](https://v2.steemconnect.com/sign/account-witness-proxy?proxy=blockbrothers&approve=1)
</sup>

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Get it Here:

<a href="https://itunes.apple.com/app/steemify/id1290154477"><img src="https://steemitimages.com/DQmWPdFqXkrRZZ9xFnVjkfoNmYEXQRXd6FesJ1kAPFjkfmc/appstore.png"/></a>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 252 others
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@blazing · 
Nice and a simple way for anyone to explain steem :)
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@bozz ·
$0.05
Very nice way of explaining it.  I am with you, I don't plan on going anywhere either.  Quite honestly I don't think I will know what to do with myself if the price of Steem goes back up.  Probably just upvote people like I have been doing.  Does the Steemonsters account actively upvote posts then?  I guess I haven't noticed if the do or not.  I will have to dig into steemd and see what I can find out!
👍  
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@cryptoandcoffee · 
I have to agree with you 82 million liquid Steem is not very much and will be gone in no time.
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@cryptoctopus · (edited)
$0.31
@Exyle, reach out to me via discord please!
👍  
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vote details (1)
@exyle · 
done.
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@cynetyc · 
Cool game 😄 and for sure more and more ideeas will come that will transform and bring steem to the next level.
👍  
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@daeshawn ·
re-exyle-steem-where-does-the-money-come-from-an-example-anyone-can-use-20181114t050803130z
This post has received a 5.00% upvote from @daeshawn!
👎  
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vote details (1)
@dougkarr ·
$0.05
This is super helpful, thanks @exyle! Forwarding to my dad ;-)
👍  
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vote details (1)
@feelsomoon · 
I think its a more complicated issue. Especially for the older communities.
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@gvand · 
It is a simple and easy way to understand where the money comes from, said in this way anyone could understand it and is as you mention could even be interested in investing in the community or Steem monsters
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@joeparys ·
$0.04
Thanks for sharing and educating us @exyle ! It’s important to help others understand the inner workings! Great meeting you last week and I look forward to more content from you!
👍  
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vote details (1)
@exyle · 
Thanks, man! and nice meeting you in Poland!
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@jongolson ·
$0.04
I’m already having withdrawals. Steemfest was amazing. 

But great way to break it down and hey if you can get your father to join and understand it all, that’s. a huge win. 

been trying to explain it to my mom and wife for the past 6 months   

might have you use your example lol

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
👍  ,
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vote details (2)
@exyle · 
Me to man. What a blast Steemfest was! Let me know if my example worked :)
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@josediccus · 
I can imagine how your dad feels with the way you have to explain how steem works, well I have problems too doing the same with my friends who actually still thinks that steem is ponzi
👍  
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vote details (1)
@justdentist ·
$0.09
Thanks @exyle for this easy explantation. It's always hard to tell people how this "blockchain" and especially Steem works. When people understand the mechanism and see the true value, which isn't the money in the short term, this blockchain will be really useful for soooooo many people. Can't wait:)
👍  , ,
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vote details (3)
@maestroq · (edited)
$0.04
"The question is will STEEM still be 72 cents if that is the case."


I have to laugh when you mentioned this price.
I thought 88 cents last year was cheap. Amazing.
👍  
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vote details (1)
@maximdraws ·
$0.04
Great share of thoughts! I bet your dad is just around the corner. A few more catalysts that generate new ideas and his mind may just come around! Have a good one :)
👍  
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@exyle · 
Thanks and I think so too!
properties (22)
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@newageinv · 
Another consideration is that the support received from the upvotes or the reselling of these packs generates Steem, SBD and SP that is also distributed and redeployed into the ecosystem which is free to support other projects as well.  This is the way distribution can help the protocol grow with only a frw successful projects to start!
properties (22)
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@prameshtyagi ·
$0.04
This is brilliant example. I am sure it would help many steemians to convince their near and dear ones to join in. Thnx.
👍  ,
properties (23)
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vote details (2)
@putu300 · 
How do you explain Steem to those who don't play cards?
properties (22)
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@remyhauxley · 
Mind if I borrow this example? Since I'm new to Steem Monsters -- this example hit home. And when I share it, I can share it with passion!
properties (22)
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@steemcafe ·
$0.04
Bro @exyle.  Great talking with you in Poland. It is refreshing to speak with someone with such clarity of though in crypto. Good times man. Keep in touch via discord. Cheers!

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  ,
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vote details (2)
@exyle · 
Awesome meeting you man! Contact me anytime! Have fun in Greece!
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@stokjockey · (edited)
$0.04
Mark @exyle I don't know the Age of Your Father but I am willing to Bet if I get it since I have been here since 2016, then I think he can finally Catch On......
By the Way Old Guys can Play SteemMonsters too..................
👍  
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vote details (1)
@exyle · 
Haha, he's approaching 70 soon. He's not into gaming (except chess) but he likes business.
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@stokjockey · 
OK, he only has 10 Years on Me.........I Could See Him with a Fully Maxed UP Fire Splinter.................
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@susanne ·
$0.04
I’ve had to explain this to my dad several times too. 🤣 
How was Steemfest?
👍  
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@exyle · 
I can imagine! I had the time of my life! Steemfest is the best.
properties (22)
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@themonetaryfew ·
$0.05
Here's another good comparison to use with your dad I found to be useful when explaining "where the money comes from".

Where does the money come from when a startup raises capital? 

Let's say you have a great idea for a startup and sell 25% of your shares to an interested investor for 250.000 euro. The 75% you still hold is now worth 750.000 euro. 

But but... where did this money come from?

Nowhere!

It's just a market valuation. 

The same holds true with crypto, just way more volatile and determined by speculation.

C'est tout!
👍  
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vote details (1)
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