RE: Steemit question - help for dummies

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Steemit question - help for dummies

in steemit •  8 years ago  (edited)

Nothing you did wrong. All that means is that the first 7 voters combined have more Steem Power than the later 80 combined. Their votes count for more because they have more money in the game. As you generate more Steem and power it up, your voting power will increase proportionally.

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8 years ago by

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      ·  8 years ago 

    Thanks a lot mate! But what is actually steem power for then? Only to make others earn more when you upvote them or also to gain more with your posts? Why should i be having more s power then?

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    3 votes
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      ·  8 years ago (edited)

    Hello @albertoyago

    There are several befits with Steem Power:

    • Steem Power pays you interest.
    • You get paid when you upvote. The reason for that is when someone upvote you, you get 75% and they get 25% ( to put it simple, it is a little bit more complicated).
    • If you upvote your own post, comment or reply, you get all the money if you have Steem Power (75% + 25%).
    • When people decide if they should follow you they often look in your Wallet to see if you have Steem Power.

    There are other benefits but I suggest you read about the whole system later.

    If you want to study? Here are a couple of videos to get you started:

    Have a laugh between the studies:

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    [-]
      ·  8 years ago 

    Hahaha im spanish and the guy of the las video is called "risitas" and was a celebrity here arround 10 years ago...hahahah so funny!

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    [-]
      ·  8 years ago (edited)

    Hi @albertoyago

    Power Up everything to Steem Power in the beginning, that is my advise.
    Find a debit card and use what you need when you need it. I use https://wirexapp.com Keep the rest in Steem Power and earn more.

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    [-]
      ·  8 years ago 

    Can you use Steem and other cryptos on Wirex or just Bitcoin?

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      [-]
        ·  8 years ago 

      Having more Steem Power does not make your posts earn more, unless of course you upvote your own posts which some folks do and others do not.
      A percentage of the money you are granting with your upvotes does come back to you in the form of curation rewards. The more Steem Power you have, the more of these you will earn. Steem Power also accrues interest like a savings account. Currently it amounts to about 1.5% APR I believe.
      You do not earn immediately from commenting, but it is a great way for people to upvote your comments (earn) and discover you (gain followers to improve future earnings.)
      Resteeming also does not benefit you immediately, but curation rewards are partly based on how popular a post becomes, and how early you were in discovering and curating it with your vote. So if you vote on something great and then resteem it, that could lead to more earnings by helping that post become more popular.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

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          ·  8 years ago 

        1000000000 thank you dear @bryan-limhoff

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            ·  8 years ago 

          I was wondering how that worked as well. Thanks for the explanation!

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            1 vote