As a new member, I find it difficult to understand how steemit pays people and what upvoting does. Is there another post to clear this up?
RE: Steemit has problems. I have The Grand Solution.
You are viewing a single comment's thread from:
Steemit has problems. I have The Grand Solution.
Probably the best way is to google the right questions. Searching on here isn't that intuitive yet.
I can summarize quickly for you though. Your account has a certain strength, depicted by money.
If your wallet has $1,000 for example, you can put that into 'steem power' (check your wallet to see that), and that $1,000 will grant you about 8 cents of voting power. This means all your votes will give people 8 cents each time.
If you make good stuff, more people and more powerful people with say, $500,000 dollars in their wallet upvote you. Your post makes $40 and 7 days later you can put that into your wallet to increase your voting power. Over time your vote becomes stronger and so on.
The problem I talk about here is that the huge users with millions of dollars have votes worth $50-100 a pop. They can sell that as a service to individuals who can then upvote their own content for $50, even if it's just a single sentence or meme. It means only a few people are taking all the money that exists on the platform and it basically collapses, and everyone is looking for a solution. I think mine is the best!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ah okay that makes so much sense. However, does upvoting any content go against you? I like your solution by the way
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Against you, not really. Potentially you could upvote something somebody else disagreed with who then goes and downvotes you, but I don't think that's ever happened...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit