Few days ago, while I was about uploading a post of mine, without a sound knowledge of what a 100% powering up means, I tapped on it and was expecting to get pay out both in SBD and steem.
Alas!, all I got on my payout day was just steem. I was so angry and confused that I had so other choice than to consult one with a sound knowledge of what these stuffs meant. Thanks to @sykochica who then gave me a proper lecture on what a 100% power up means and how it is different form the 50/50 default .
Knowing now the huge difference between both, I decided to make a stunning post about it.
Before citing the difference between both, I would firstly define some common terms that would help you to understand better
Understanding common terms.
Steem:
steem is the name of the token that can be bought and also sold on the open market based on the blockchain-based platform steemit.
Power up:
this is the process of converting your steem into steem power which gives you more power as a steemian, and also help increase your voting power and your curation earnibgs.
Steem dollar:
are price stable currency which is meant to be roughly around $1usd .
Difference between 50/50 and100%power up.
100%power up:
When you choose a 100% power up over your post, the earnings you get over that post are then then converted into steem power which increases your voting power and also increase your curation earnings.
50/50 default:
this means half of your reward will be given to you as steem power While the rest half will be payed to you in steem dollar(SBD).
Decline payout:
a post that has a decline payout will have a slash on the earning. When I first joined steemit, I mistook this for a post that has been banned. The true meaning of this is that the author of the post has declined the payout. This part is just so obvious among the whales.
Which should you go for?
Thanks to @thekittygirl on this segment. I would also advice you go for your choice. If you are in need of the money urgently then you should use the 50/50 default but if feel you are not in need of the money urgently then the 100%powering up is yours, since its just like you are investing.
Great write-up. I just learnt something new
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Thanks for the explanation.. Many people will learn from this
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I hope so...thanks for stopping by
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Excellent! Thank you for sharing this information you learned, in hopes that it will help others that are relatively new to the platforn! 😊
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Thank you too
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Great post, i have just joined and was wondering which option was best for me. Im sure the information is in the long whitepaper but your write up made it a lot easier for me!
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I was wondering what those meant. I thought it was a difference between splitting 50/50 with curators or taking it all for yourself. Thank you for clarifying! This post should be part of the Getting Started guide :)
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