Someone had a great imagination to dream this up. Your videos are great but I'm new and still confused. If you are trying to make money (which isn't my primary incentive) why would you want steem power? If you have a lot of steem power doesn't that mainly benefit the author? And what happens when you redeem rewards? Does that convert steem to SBD? Sorry for all the questions but it's confusing. Thanks.
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No matter what, at least half your payout will be in STEEM Power. Steem Power gives you more curation rewards when you upvote. You can power down Steem Power which turns it into STEEM, and then cash out the STEEM.
When you say cash out you mean the same as redeem rewards? And that converts you over to SBD which you can then convert to USDs, bitcoin, etc..?? As long as you keep steam or SBDs you will benefit if steem appreciates correct?
Both STEEM and SBD can be moved to a wallet on a trading platform (like bittrex) and converted to BTC, which can be sold for USD, etc.
Both STEEM and SBD can fluctuate in value, and could become more valuable as time goes on and as the site grows.
Awesome! It's starting to make some sense now. Thanks much.