STEEM Can Be Confusing

in #steemit8 years ago


Check out what I just learned!!

Did you know your voting power decays by up to 5% every time you cast a vote?

Did you know you earn STEEM by being the first to upvote popular content?

Did you know the STEEM blockchain provides a built-in exchange between STEEM and SBD (STEEM Backed Dollars)?

Did you know holding STEEM Dollars (SBD) pays interest?

Did you know STEEM creates new STEEM Dollars (SBD) to pay interest on existing STEEM Dollars (SBD)?

Did you know you each year 10% of the market capitalization of STEEM is distributed to users submitting, voting on, and discussing content?

Did you know STEEM Dollars (SBD) is always convertible to $1.00 worth of STEEM?

Did you know this value of STEEM Dollars (SBD) is pegged to the US Dollar?

Did you know the blockchain distributes payouts as 50% Steem Power (used as voting power) and 50% Steem Dollars (accrues interest)?


"Perplexity is the beginning of knowledge."
~ Khalil Gibran


Sincerely,

Michael Matthews
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Don't forget the 30 minute rule of upvoting. Here is a chart from Getting the most money out of curation 101 (Part2) showing how your curation reward is affected by upvoting too early. The earlier you vote the more of your curation reward goes to the author. This is done to discourage "bot" upvoting for profit.

Upvote wisely!

Steem on,
Mike

Knew some , not others - thanks interestin

You seem to have learned some outdated information, should update it a bit with the latest changes in how steemit operates... things here are changing quite often.

This is quite helpful for those of us that didn't know. Thank you.