RE: Power up 100% or Default 50% 50%. What does it mean.

[triverse]

100% power up means all of your shares of the earnings goes to powering up your account with Steem Power.

50/50 means you want some (half) to go to Steem Power and some (half) of your earnings from the post to go to your money account (either Steem or Steem Dollars) that are readily available for trade or to pay for stuff.

Comments

[raybrockman]

Good info, thanks for sharing.

[ruddyred7]

ok thanks for that.

[naeem-baluch]

Thanks for helping us....

[triverse]

We are all on the same team. Best of luck!

[syedmujeeb]

exactly the information i was looking for thanx @triverse

[joeyarnoldvn]

thanks

[miyurufernando]

Thanks! Just looked this up after writing a post. I'd give you a gold star if I had one! #goldstar

[pjcswart]

Thanks this information you just gave me is going to save me time and money. I have been doing the 50/50 option but powering up afterwards anyway.

[nandkumar]

Thanks

[coffeeman]

Thanks for sharing! :)

[andre.davis]

You're the man now, dog.

[laleyasemin]

I still do not understand the difference between Steem Power and Steem. Can someone clarify please?

[triverse]

Steem Power is simply how much Steem you have invested in your own account. Steem is not invested and is available for trade on the internal market for Steem Backed Dollars or on external markets for other crypto currencies.

Steem Power is locked away and only available through 13 weekly payouts called "powering down".

[tesselart]

Oh ok thanks for the info. In the long run it doesn't really matter since you can convert everything to everything else anyway but it just takes a while.

[triverse]

Well, it does effect you more in the long run. I prefer to do 50/50 because I get more Steem Dollars that I can use to buy Steem. If you look at the amount of Steem Power you get versus your Steem Dollars when doing 50/50 you will see that you can buy a lot more Steem with the Steem Dollars than you are getting in Steem Power.

If you do 100% Steem Power then you are not receiving the same amount of Steem Power as you could buy if had used the 50/50 option instead.

[tesselart]

That is ... really counterproductive. They never should have split it into three different tokens, there's really no good reason for it. People are gonna game the system no matter what, so why make it more complicated?

[triverse]

You should check out some of the higher earning accounts if you think people are gaming the system with the payouts as far as Steem, Steem Power, and Steem Dollars. There are some suspicious earning going on with certain accounts that is well documented already.

[tesselart]

Oh man totally. I wonder if it changed over time? I saw someone post a discussion with like 100+ upvotes and lots and lots of replies and the thread is like a dollar. Then I see some other that has 10 upvotes and it's freaking 170 dollars. How?

Also I'd say the promoted system is completely counter to the point of it. Rather than make someone's post go up in ranking in the respective tag, they all end up in a separate tag to compete with one another and be summarily ignored. Like I understand the thinking behind it but I don't know if that's the right thing to do.

Also, I think there should be tipping on the posts and comments, like Reddit gold. I mean you can send someone cryptocurrency with ease on Reddit, it should be effortless on this platform lol. Like you can do it with transactions, but would be good to have it more direct so people know why they're getting it. I understand the votes are supposed to do that, but sometimes you just want to give a guy a dollar for dropping an epic bant, you know?

[superdavey]

You can send sbd directly to someone and put your note in the memo block...

[superdavey]

I get it though. Make it an option directly in the blog page you are reading

[tesselart]

Yeah so that the receiver knows what's up rather than getting some random transaction from a mysterious stranger lol.

[tesselart]

Actually, I just had a look and it's the other way around now. It costs 1.15 SBD for 1 Steem. Weird man. Also my payouts are all over the damn place. I get nothing for my own posts, but my comments in other people's posts get weirdass returns. For instance this https://steemit.com/steemit/@tesselart/re-triverse-re-tesselart-re-triverse-re-ruddyred7-power-up-100-or-default-50-50-what-does-it-mean-20180127t092959950z. I got $0.02 yeah? No, I got 0.009 SBD, and 0.003 STEEM POWER. How does THAT add up to $0.02? And that's supposedly 50/50 as well right? Isn't Steem Power basically Steem? So why aren't they then 0.009 SBD and 0.01 SP or something like that?

I mean thank you ye mighty for paying out my 2 cents this time, every other time I just get the number reset to zero with no payout. What gives?

[gratefulforitall]

Exactly. I'm so confused though. I just started using Steem and bought a very small amount of steem (like $1.7 sbd) using the internal market and my account value doubled to $10. I'm not even exactly sure what I did.

I want to use $100 fiat to buy steem and power up, but not exactly sure how to do it the right away, especially now that I am reading so many contradictory articles and comments

[tesselart]

You can actually buy Steem at Coinspot for AUD (good for me since I'm in Australia). I'm planning to put something like 5 or 10 steem in my account and see how it goes from there.

[gratefulforitall]

Thanks. I'll check it out.

[madcutter]

Thanks for the easy to understand explanation.

[jimmyt]

Thanks for a good simple explanation!

[nkleet]

Created world record. 100+ upvotes with 0.000 wieghtage

Posted using Partiko Android

[atlantis1982]

Thanks for the info!

[triverse]

You are welcome. We are a team.