Haha wow, that's an amazing explanation. I'm just being bitter because I bought STEEM for a lot and now it's low haha. I like to look at everything from the financial point of view - low price= the end of the world.
Well thanks for that lol :O Wouldn't cheap powering up have low value though ?
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No. Read the whitepaper. Voting power depends on how much SP you have. Cheaper Steem means it is cheaper to power up. It also means more SP is earned from posts and can be purchased for each SBD.
So if you vote for someone they won't get less money even if STEEM is lower in price ?
No they get the same amount because it is earned in SBD which is pegged to the US dollar.
Oh ok. Thanks for the clarification :)
No problem please read the whitepaper though. It does make a lot more sense after that.