RE: Re: If STEEMIT is to survive and thrive, it needs to get FAIRER

You are viewing a single comment's thread from:

Re: If STEEMIT is to survive and thrive, it needs to get FAIRER

in steemit •  8 years ago 

Well to a large extent yes, because I actually started out purely as an investor (albeit a small one). I bought the $250 worth of STEEM because I thought it would go up in value based on what I learned about the platform. I actually ended up signing up for the site because I needed an account to be able to power up. I'm pretty sure I would have signed up anyway, but technically that was the reason I did it.

From a voting perspective, it didn't really do much. Up until recently, even when I had 10,000 SP - I was only adding a few pennies to people's posts when I voted. It wasn't until the 'whale experiment' started (run by abit and smooth) that having a moderate amount of SP actually made a difference in your voting. HF 19 changed it so that it was handled at the blockchain level (via linear rewards). These days, buying a small to moderate amount of SP can actually make some difference.

I think the $250 also helped because I always looked at the site from the perspective of an investor. We all 'own' a stake in the platform, so it is in everybody's best interest to make it succeed. I think the more people who have that perspective the better.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Wow.. so it enhanced your mindset more than anything else. That is awesome.....

I was wondering how much SP it would take before life becomes different.. lol

Hey maybe you can help me out here. I have been looking up what specifically makes a dolphin and a whale. And that information is impossible to find.

Do you know these facts?

They are lose definitions, but I have always gone off of what they have here:
https://steemd.com/distribution
(the site is currently down, but will probably be back by tomorrow.)

Based on that, I put a dolphin at 10 MV (or about 5,000 SP) and a whale at 100 MV (or about 50,000 SP).

what does MV mean?

Million 'vests', which is a unit of measurement for SP. 1 MV is about 500 SP.

Got it. Hey a whale has been to my last 2 posts as a single vote made them go up $10 But I don't know how to find him