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RE: CASHFLOW OR CAPITAL APPRECIATION? - WHAT IS THE TRUE VALUE OF STEEMPOWER?

in #investment7 years ago

Great article. I have a noob type of question......."Someone who has $1000 worth of SP can send about $75 of income per month. (10 votes of $0.25 per day) That's 7.5%!" These 10 votes I assume are to other people - so how does this amount to 7.5%.....surely the return is based upon how well the upvoted article does, and how long after the post was published' it was upvoted. Or am I getting it all wrong somewhere? I understand the blockchain eco-system has generated 7.5% extra.

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no you are right. This is either to you or others. You can upvote the content you create or make money with the curation rewards (which become substantial as you power up more and more). I figure that if you combine the votes coming from other, one would get at least 7.5% a month. But it is far from easy to calculate since one cannot upvote his own post (1 a day) and 9 comments a day only without having some for of backlash for not spreading the love.

Thanks for the clear and concise delivery amigo :-)