The SteemIt paradigm was built around the question of how much Steem Power people would be willing to hold in their account to have influence. They assumed that people would happily risk several thousand dollars so that their vote would be notable.
The SteemNow Upvote Calculator shows that the 100% vote of an account with 100 SP is currently worth $0.01 .
I hope you don't mind, but I took a peek at your wallet. Sure enough, SteemIt says you have 107 SP.
Your account highlights the fundamental question behind the staying power of SteemIt.
I see you have 213 STEEM . That STEEM is currently worth $340. That is actual money. You could withdraw that STEEM and get $340 in real money.
If you pressed the "Power Up" button and transformed that Steem into Steem Power; your voting power would rise to $0.03 .
Is putting $340 at risk worth raising the value of one's vote by two cents?
The SteemIt business plan assumed that people would happily put thousands at risk for influence.
Notably, the SteemBoard defined a "minnow" as an account with 1,000,000 VESTS (about 500 steem power). This platform poses some very interesting questions.
My account is only worth $18. I have no problem losing that. But I keep wondering when I would start withdrawing funds.
The SteemIt paradigm was built around the question of how much Steem Power people would be willing to hold in their account to have influence. They assumed that people would happily risk several thousand dollars so that their vote would be notable.
The SteemNow Upvote Calculator shows that the 100% vote of an account with 100 SP is currently worth $0.01 .
I hope you don't mind, but I took a peek at your wallet. Sure enough, SteemIt says you have 107 SP.
Your account highlights the fundamental question behind the staying power of SteemIt.
I see you have 213 STEEM . That STEEM is currently worth $340. That is actual money. You could withdraw that STEEM and get $340 in real money.
If you pressed the "Power Up" button and transformed that Steem into Steem Power; your voting power would rise to $0.03 .
Is putting $340 at risk worth raising the value of one's vote by two cents?
The SteemIt business plan assumed that people would happily put thousands at risk for influence.
Notably, the SteemBoard defined a "minnow" as an account with 1,000,000 VESTS (about 500 steem power). This platform poses some very interesting questions.
My account is only worth $18. I have no problem losing that. But I keep wondering when I would start withdrawing funds.