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      "body": "![FB_IMG_1522363853672.jpg](https://steemitimages.com/DQmUheDy6Pex4tdZSS3T9ywFbPwgMvGZY65Ys1V61x6f6tM/FB_IMG_1522363853672.jpg)\nWOMAN. . . . . . . . .!!!! \n\nWhen God created woman he was working late on the 6th day.......\n\nAn angel came by and asked:\n\n\" Why spend so much time on her?\"\n\nThe LORD answered:\n\n\"Have you seen all the specifications I have to meet to shape her?\"\n\n1 - She must function on all kinds of situations. \n \n2 - She must be able to embrace several kids at the same time. \n\n3 - She must have a hug that can heal anything from a bruised knee to a broken heart. \n\n4 -  She must do all this with only two hands. \n\n5 - She cures herself when sick and can work 18 hours a day. \n\nTHE ANGEL was impressed; \"Just two hands.....?  impossible!\"\nAnd this is the standard model?\"\n\nThe Angel came closer and touched the woman:\n\n\"But you have made her so soft, LORD\"!!! \n\n\"She is soft\", said the LORD,\n\"But I have made her strong. You can't imagine what she can endure and overcome\"\n\n\"Can she think?\" The Angel asked...\n\nThe LORD answered: \"Not only can she think, she can reason and negotiate\". \n\nThe Angel touched her cheeks..... :\n\n\"Lord, it seems this creation is leaking! You have put too many burdens on her\". \n\n\"She is not leaking...it is a tear\", The LORD corrected the Angel…....... \n\n\"What's it for?\" Asked the Angel.....\n\nThe LORD said: \n\n\"Tears are her way of expressing her grief, her doubts, her love, her loneliness, her suffering and her pride.\"\n\nThis made a big impression on the Angel:\n\n\"LORD , you are a genius. You thought of everything.\nA woman is indeed marvellous\"!! \n\nThe LORD said: \n\n\"Indeed she is\". \n\nShe has the following qualities :\n\nStrength that amazes a man.\nShe can handle trouble and carry heavy burdens.\nShe holds happiness, love and opinions.\nShe smiles when she feels like screaming.\nShe sings when she feels like crying, cries when happy and laughs when afraid.\nShe fights for what she believes in.\nHer love is unconditional.\nHer heart is broken when a next-of-kin or a friend dies but she finds strength to get on with life\"\n\nThe Angel asked: \n\n\"So she is a perfect being?\"\n \nThe LORD replied: \n\n\"No. She has just one drawback\":\n\n\"She often forgets what she is worth\". \n\nGOD continue to bless,  keep and shield all women.... \n\nGood morning.![FB_IMG_1522363853672.jpg](https://steemitimages.com/DQmUheDy6Pex4tdZSS3T9ywFbPwgMvGZY65Ys1V61x6f6tM/FB_IMG_1522363853672.jpg)",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://steemit.com/steem/@cryptogee/the-goose-and-the-golden-steem-a-tale-by-cryptogee",
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      "body": "![U5dsNebKoFxRiREv9fKXSijxbKzRubN_1680x8400.jpg](https://steemitimages.com/DQmRySF48k35ZQ7LfwSEHFy1PnX62Zpno3HN4HaW4mSpLAf/U5dsNebKoFxRiREv9fKXSijxbKzRubN_1680x8400.jpg)\nThis is the tale of a very special goose; named Steemit, the goose was special because instead of eggs, it laid pure, golden, Steem. The goose was owned by two farmers called Dan and Ned and they wanted lots of people to benefit from the golden Steem that Steemit laid, so they made a plan.\n\nBuilding The Farm\nThe two farmers knew that if they could get people to come and feed Steemit, the goose would grow very big and it would lay even more Golden Steem. So they built a farm on which Steemit would live, and they invited people to come and take plots of land on which to plant gardens on. The people who had the gardens with the most delicious, unique food, and beautiful flowers, were the gardens that Steemit the goose liked to land in and lay her golden Steem.\n![U5du73PsGTxZBYwbY6tBTvLdiRDa2WB_1680x8400.jpg](https://steemitimages.com/DQmeUERPG6b2v8NNWFfDErnzANdXtf3HuYjTM2HG6bougtc/U5du73PsGTxZBYwbY6tBTvLdiRDa2WB_1680x8400.jpg)\n\nSteemit would also reward the Steem gardeners who went and cared for their neighbours' gardens; the better they cared for them, the more they were rewarded by the magic goose.\n\nDan and Ned had promised that everybody who came to build their gardens before July the 4th would be rewarded with special, golden Steem eggs, that they could take to the market and sell.\n\nMany came to the farm and planted gardens, one of the people who came was a gardener called Cryptogee, he had been gardening for many years for very little reward, so he was most intrigued by stories he had heard of the magic goose Steemit.\n\nAt first Cryptogee was suspicious of the goose that laid Steem; but then he found out about the farmers Dan and Ned and decided they were good and that he would put all of his efforts into making the most beautiful garden he could.\n\nAbsolution\n![U5drCU9yX3R76CXPv2fEKS7rrMUhVY5_1680x8400.jpg](https://steemitimages.com/DQmae8zXzhjW1PvFDamo8WzyLht9fFwqW3DBMeXhQ4DPaTh/U5drCU9yX3R76CXPv2fEKS7rrMUhVY5_1680x8400.jpg)\n\nCryptogee got to know some of the other gardeners whilst he was helping tend their gardens, he soon begun to feel at home with this bunch of Steem gardeners and even though he had his own family, he begun to look upon the others as a family.\n\nIn fact, the Steem gardener Cryptogee, realised that he felt very close indeed to the community that had gathered around the goose called Steemit. He didn't usually get all mushy about these things, but he was somewhat shocked when he realised, he felt very mushy inside, he even felt squishy; he was very confused.\n\nThe day came when all the Steem farmers and gardeners were rewarded with golden Steem eggs, everybody was happy. Some sold their eggs at the market, others cracked their eggs and used them to ferterlise their gardens, to make the soil even more fertile and the plants more beautiful.\n\nFor days, the news of Steemit the goose and her golden steem spread far and wide, many came to the farm to plant their own gardens and to tend to the gardens of others. When the people at the market saw how beautiful the golden Steem eggs were. They clamoured to buy them, soon the eggs were trading for many times their original value.\n\nThe gardeners of Steem rejoiced, they heaped praise on Dan and Ned, they hugged their compatriots and their families...\n\n...and it was good.\n\nThe Fox\n![U5dskc4bRCqNfK8DQzF9HyUxyeo9dGC_1680x8400.jpg](https://steemitimages.com/DQmdLtYouSygfeU96xwRrUMPnho5HbmNkrmVkf1AnhuruGS/U5dskc4bRCqNfK8DQzF9HyUxyeo9dGC_1680x8400.jpg)\n\nThen one foreboding day, a cloud descended upon the Farm; like a fox in the night; a thief slipped by unnoticed and stole some keys that let him into other people's gardens. He stole their golden eggs and took them to market, to sell them as his own.\n\nThe gardener Cryptogee heard about the theft in the Steem Tavern where some of the gardeners would go to hang out.\n\nAt first Cryptogee had heard they had stolen millions of Steem, including those of Dan and Ned, he felt stick to his stomach with worry. Even though he had never met Dan and Ned, he felt the same, gooey feeling inside, that he felt for all of his Steem family and he was despearely fearful for them and the future of the Steemit farm.\n\nFor the gardener Cryptogee, was prone to worry and fret, and therefore was distraught at the news of the theft. He spoke to his fellow gardeners who told him not to worry, but worry he did.\n\nWorry he did indeed...\n\nBut he needn't have worried, because the method the thief used to get into the Steemit garden to steal the keys, was discovered. Dan and Ned set some very powerful warlocks, called the F.B.I. to hunt the thief down and the Steemit farm was open again and the goose called Steemit laid her Steem once more.\n\nThe Garden Thief\n![U5drTA6ddzyxjv91KR219hwiFqwnjhs_1680x8400.jpg](https://steemitimages.com/DQmagGTzfREvXBpt1Y6XHcVwus9Z5ZhpHZUyPnAm6RKwuLC/U5drTA6ddzyxjv91KR219hwiFqwnjhs_1680x8400.jpg)\nOnce more Cryptogee was happy and he felt even more squishy love for his fellow Steem gardeners. He set about planting a new part of his garden, he worked very hard and planted lots of beautiful flowers and delicious fruit.\n\nThe goose came and laid her golden Steem on his garden in abbundance, and he was so joyful and thankful, he went to bed a happy man and had a fitful sleep.\n\nenter image description here\n\nThe next morning he woke and went to the tavern to see if any of the other Steemit gardeners had left him any messages. He saw one from a fellow gardener named Stellabelle. It told him of how a thief had broken one of the sacred rules of the Farm, and copied his new garden design and had planted it into his own garden to try and get the goose to lay some Steem for him.\n\nLuckily, Cryptogee's fellow gardeners went to the thief's garden and sprayed poison on the stolen design, so the goose would not lay Steem for him.\n\nOnce more Cryptogee felt the mushy, gooey, squishy, feeling of love for his fellow Steemit gardeners, they truly were his family and he couldn't wait until he could repay their kindness with some of his own.\n\nHack 2.0\nJust when it seemed that everything was about to return to normal for the Steemit gardener Cryptogee; he heard news, that more thieves had tried to break into the Steemit farm. This time however Cryptogee had faith in the wisdom of Ned and Dan and the other Steemit gardeners.\n\nThis time he would wait patiently, knowing that everything would return to normal soon, in fact, they would be better than they were before. The gardeners would be safer from thieves and they would once more be able to harvest the Steem that the goose called Steemit, laid down upon them.\n\nCryptogee sat back and remembered a wise thing that the Stem gardener, Nanzo_Scoop, had written about the whole episode.\n\nWhen you're wanted by the FBI for hacking Steemit...\n\nthen realise you could have made more money by BLOGGING on it!\n\nThe Moral Of The Tale\nInstead of trying to steal from us, why not join us? Come and be welcomed into the happy family that has grown around our magic goose called Steemit.\n\nDon't try and kill the goose that lays the golden Steem, or you might just find you recieve the wrath of a lot of angry Steem gardeners, the F.B.I. and of course...\n\nThe Goose\n![U5duKaAzcNPZWFZsGehLVUKHjda1xqv_1680x8400.jpg](https://steemitimages.com/DQmYfRy7hbCjsirSCck6SzqgSHkED82EzYm4tRjAqXAUw4k/U5duKaAzcNPZWFZsGehLVUKHjda1xqv_1680x8400.jpg)",
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      "body": "It seems this is a fairly popular topic on Steem, and I have seen a few misunderstandings regarding how the economics of Steem really work. So this is my attempt to explain the economics behind Steem, as I understand it, to hopefully make it a little clearer for everyone. To be clear: this is just my personal view of things and also it is certainly not investment advice.\n\nSteem could be thought of as a decentralized blockchain-based business, but actually it might be more appropriate to use the analogy of a government. It has expenses and revenue. The expenses include paying block producers to run the infrastructure powering the Steem blockchain, liquidity rewards (although that will soon be temporarily disabled with the upcoming 0.12.0 hardfork until a better system can be designed), and of course the major cost of paying out content/creation rewards. Its revenue, much like a government, comes from taxes on its constituents. Specifically, Steem has two types of wealth taxes (hidden as an inflation tax). It taxes liquid STEEM at approximately 50% per year, and it taxes Steem Power at a variable rate of less than 5% per year (these calculations ignore the STEEM supply change effects caused by Steem Dollar conversions at different prices than that which they were issued at; they are also based off the long-term numbers that go into effect after the first year, since the supply inflation rate of STEEM is actually higher than 100% APR during the Steem platform's first year).\n\nIf we use the business analogy rather than the government analogy, it doesn't make too much sense to think of taxes as revenue. But one could still relate the tax on Steem Power to a sort of subscription fee charged by the platform which price discriminates users based on the stake the user has in the system (although a larger stake in the platform does provide greater benefits in using the platform's services, such as larger weight in one's votes, a greater curation reward earning potential, and a larger bandwidth quota, so technically it may not be fair to call it price discrimination).\n\nIf someone wants to maintain some dollar value of their Steem Power holdings (assuming the market capitalization of STEEM in terms of dollars does not change), they would have to earn or buy more STEEM over time. Some may earn the necessary amount of STEEM to cover the deficit (either in the form of Steem Power directly and/or in Steem Dollars which are then converted into Steem Power) through upvotes on their content or through curation rewards. But many may need to make up for the deficit by purchasing more STEEM from an external exchange using external currency (typically via bitcoin but hopefully later using US dollars directly). They may of course also earn Steem Dollars by trading goods and services they provide and then converting those Steem Dollars earned to Steem Power via Steem's internal exchange.\n\nNow if the market cap rises by at least 5% per year, the users do not need to earn or buy more STEEM in order to maintain at least the same dollar value of their Steem Power holdings (and of course if the market cap rises much more than 5% per year, which in these early stages of the platform does not seem at all unreasonable especially given the recent price performance of STEEM, then users could potentially be earning a decent dollar return on their Steem Power without even needing to earn more through curation or upvoted content). Regardless of the change in market cap, the user still will have a decrease in their fractional ownership of Steem Power (assuming more than 90% of STEEM remains locked up as Steem Power, which is a very safe bet) unless they earn or buy more to offset that decrease. A decrease in fractional ownership of Steem Power for a user means that if everyone else were to maintain at least the same fractional ownership of Steem Power then, assuming all other voting behavior remaining equal, the user would see a reduction in their voting influence relative to others and a corresponding decrease in curation rewards relative to others. It also means that they would get less priority in bandwidth usage compared to others, but it is likely the user would never see this effect in practice if the market cap is rising, because a larger market cap means more funds available to block producers to upgrade their backend infrastructure so that the pie of total available bandwidth grows faster than the shrinking rate of the slice of that growing pie that the user can claim.\n\nIf the user does not earn or buy enough Steem Power, then their Steem Power will gradually decrease (as a fraction of all the Steem Power existing within the system) and eventually (even if it takes waiting until market saturation of the platform) they will no longer be able to use the platform (as in post, comment, vote, transfer money, or anything other than only read the content on the platform). So to continue using the platform, they must maintain a sufficient fraction of their Steem Power holdings. Fortunately using the platform at its most basic level without terribly restrictive bandwidth quota limits does not require the user to hold a very large amount of Steem Power in dollar terms. Nevertheless, they do need to continue to maintain at least that minimum amount of Steem Power to be able to reasonably use the system, which means that if the user cannot earn (e.g. through content and curation rewards) that minimum amount to counteract the less than 5% per year effective tax on their Steem Power and thus maintain economic status quo, they will need to buy more STEEM (and power up) every year. This effectively amounts to a subscription fee to use the platform. And that is the reason why the platform could theoretically continue to operate indefinitely even after reaching market saturation. Now whether it actually does so or not depends on many factors, but I think the most critical of those factors is whether people would be willing to pay that effective subscription fee (in the form of a less than 5% wealth tax on their Steem Power) to continue using the platform.\n\nNow I do think there are good reasons why people would be more willing to pay that \"effective subscription fee\" to use Steem's social media platform even when it is so hard to get users to pay money to use any other social media or social networking platform. First, Steem doesn't nickel-and-dime users. I think the cognitive burden added to users if every post, comment, and vote cost them a small micro-transaction fee would be enough to dissuade them from using the platform. Users would likely find it more palatable to pay even a larger total amount of money through a monthly subscription fee than being charged for every tiny interaction with the platform. Second, even though an inflation tax is basically just a hidden wealth tax (of course a tax only on the specific asset being inflated), the former is psychologically more acceptable because users do not like to see the numbers on their screen decrease. And third, and most importantly, I think the content/curation reward incentives really change the game as far as enticing a user to pay a subscription fee to access the platform. Psychologically, I think it can work for the same reason people still play the lottery or casino games, despite the wide availability of knowledge on the mathematics behind those games and how on average the user is expected to lose money. And it isn't necessarily the case that people are just being stupid and don't understand the math (although I am sure there is a lot of that as well). I think for many people, deep down they understand the fact that on average they will likely lose some money (unless it is a casino game of both skill and chance, and they actually are much better skilled at the game than their opponents), but as long as they limit the amount they put up for potential loss to something they can tolerate, it is worth it to them for the fun and excitement that they experience.\n\nI believe the same psychological dynamics could take place with Steem's social media platform. The comparison is better made to games requiring some skill, since it is clear that writing ability, deliberate timing of when one posts, and the content one writes about are all very important factors influencing the amount of payout one's post will receive. But there is some element of randomness that is involved as well. Some posts that many people would expect to get a high payout do not get all that much. And some posts many people wouldn't expect to get much money end up getting tens of thousands of dollars worth of payout. These are similar dynamics to playing many casino games which are clearly appealing to many people. And whether one wins big or doesn't win at all, similar to the casino games providing them joy and excitement from simply playing the game, Steem still provides value even with no payouts because it allows people to communicate with others and find interesting content on a decentralized censorship-resistant social media platform. But it is due to the psychological dynamics similar to the casino games that I believe the Steem social media platform has some chance of doing what is incredibly hard to do for social media platforms: getting users to pay to use it (other than through advertising of course).\n\nIf Steem just had a flat pay subscription model to use the social media platform (which with the exception of being decentralized and maybe allowing optional tipping would be no different than existing social media or social network platforms), I don't think people (other than a very tiny niche community who really strongly values decentralization) would be willing to pay the costs to use it when they could instead use Reddit or Twitter for free (free meaning ad-supported of course). But because of the gamification and the very real possibility of earning large payouts that can actually be used (perhaps after a few steps of conversion) to buy real goods and services, I think it changes the psychology of being willing to pay to use the platform entirely. And if it does succeed in doing so, then there can be a continual source of revenue (buy demand for STEEM to power up to just maintain the same economic value of Steem Power and thus maintain the expected bandwidth quota status quo) to keep the platform operating even when it reaches saturation. But of course no one really knows what the future will hold. It is important for people to remember that this is all a brand new experiment and thus of course a large financial risk. I think the advice \"don't invest more than you can afford to lose\" is generally good advice and I think it certainly applies in the case of Steem as well.",
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