Source
One ring to rule them all
This is a sequel to the previous post I made about Steem Power titled "What is Steem Power?". You can view the post here
https://steemit.com/steempower/@tojukaka/what-is-steem-power
Why is it Important to have Steem power?
BEST INVESTMENT OF ALL TIME
When the network/platform grows and become more valuable, so does the SP, and the other way around. If you believe in Steemit becoming the next big thing and got some spare money, then power up. SP it what I like to call a "low-risk-high-yeild-and-make-sense-investment".
Just imagine that you bought shares in facebook during the early stages. Having steem power is like having shares in steemit.
JOY OF GIVING
The reward you get from having Steem power goes beyond the finances. Imagine the joy you get when you can give someone money even if the money is not coming from your pocket. Imagine the love and adulation from friends. Its worth it abeg!
The more Steem power you have the more your capacity to give.
SP are Influence tokens which give you more control over post payouts and allow you to earn on curation rewards. By adding to your Steem Power, the weight of your votes gets higher. You get more power. Let me give you an example of the importance of having steem power. Let's say you have two followers in steemit, one of them has a lot of SP and his upvote is worth $20 and the other person has a low steem power and his upvote is worth 20cents. Which of them will command more respect? Who would you want to socialize with? Who should upvote your post?Who has more power?DON’T YOU DESIRE POWER?
Source
One ring(SP) to rule them allYou can exercise your power in steemit as a
CONTENT CREATOR
As a content creator, you get to reward your followers and build yourself a swarm of users that can help you as time goes on. Having a good amount of Steem Power is a great simple way to reward those that help enrich your online presence with their comments and contributions. It totally makes sense as a content creator wanting to build your own following to accumulate Steem Power.
Bottomline: You can reward and encourage your followers by upvoting their comments.
CONTENT CURATOR
As a Content Curator, you get to reward the content that you like; content that you perceive is quality content; content that can make the community grow and improve over time.
BETTER THAN STEEM
Steem token are diluted at 100% per year. They effectively loose value as they are held, while Steem Power increases in value as it is held.
SP generates passive income, the higher your SP the higher your rewards. If you're not planning on cashing out your Steem any time soon then power up!
PASSIVE INCOME
Do you know that by accumulating SP and doing nothing you can make money. This is a good investment. Some of the biggest whales in steemit don't create or curate content. They just have a lot of SP. I don't understand this fully right now. I believe that despite the fact that the price of Steem will be $100 one day and people hodling will be stinking rich, just having SP is a way to earn passive income. If you have more information on this please comment below.
WHAT IS YOUR STAKE?
Participating in steemit is like mining. It is actually referred to as social mining. When you upvote a post in the Steemit, you give out a certain portion of the daily pool of steem that is created. You also receive a portion of that pool of funds when someone upvotes your post. The amount that you give or receive is depending on your stake in the platform. It depends on the amount of steem you have invested (your Steem power).
The greater your Steem Power, the greater your rewards.
PROOF OF SOLIDARITY
Are you with us or against us.
Source
Whenever I see someone with a lot of steem power, I usually feel happy that someone else shares something in common with me. It gives me a sense of belonging. I feel that I belong to something bigger than myself.
Blockchain technologies like Steemit will revolutionize the way we perceive value. Value will sudden become more valuable.
Steemit is a revolution of the way value is percieved and transfered in social media. A lot of other platforms will look at what has happened here and try to copy Steemit but Steemit will still remain the boss.
I hope you enjoyed reading this post. If you have any question, comment or criticism please leave a comment below. I would deeply appreciate.
Sundayselfies contest is my way of showing love and giving back to the community.
It's a weekly selfie contest that Starts on Sunday and closes on Saturday.
I'm giving away $15 to some "selfielicious" people.
Click on the link below for more details.
https://steemit.com/photography/@tojukaka/sundayayselfies-contest-1-the-debut
Reference
*My wonderful and awesome brain.
*My personal experiences.
*Why Should you Consider Accumulating Steempower by @kevinwong
*Steemit whitepaper
i just learned more from your post. this is what i like to read keep it uo bro.
Getting Steempower is the way to go now. I also agree with you that a lot of other social media platforms would want to copy steemit soon because of the value is adding to people not only at the short-run but also at the long-run.
Sincerely, steempower and cryptocurrency is the next thing that is about to shake the world.
REVOLUTION of currencies is around the corner . How prepared are you?
Thank you Coach Kakacious (k-money)
Thanks for following closely bro
Its true
Na u be optimist
Wow, I keep getting educated everyday on what Steem power is about. This is good
Thanks for the comment
@tojukaka
good points you outlined there.. nice post worthy of my upvote and glad to come across you for steady support... keep steeming
Thanks bro
The true power of SP is not getting rich but it lies in 'power of giving'. Well written post my friend :)
Thank you bro
I also have low SP now i am focusing to increase my steem power and tour articles helps me a lot. Thanks for sharing.
Glad to be of service to you bro
Thanks @tojukaka
True be told, this is a wonderful information you just share and I also want to ask, there are time I upvote some post and the return will be 0.01 and when I upvote some other at another time this amount increases. Whats is the cause of this as I noticed it again after I upvote your post.
I don't fully understand that yet bro but ill look into it
Thanks for commenting
You can only upvote a certain amount of posts in a day before your voting power diminishes. Lets say your first upvote of the day earns you $0.02. After a few more upvotes, you will notice it drop to $0.01 and so on. After 24 hours, your power resets!
Sound advice @tojukaka
I particularity like:
Lets enjoy the ride to the moon! :D
Thanks bro
Very good.
Tnx
Good advice, surely gonna up my SP, as i dont plan to cash in near future
Glad to be of service to you bro
I would really like to know more about earning interest off of my SP I hold. Currently, I have 102 SP!
Okay I will do more research on that
Thank you for commenting
Puhhhh I see, you are really convinced about the Steempower.
I have to make my thoughts again.
Its really wonderful
this is very useful and full of info! thank you for sharing...
My pleasure
Your post deserve my resteem men. You got it. More please.
Thank you so much
I've been searching more information about steem and steempower, and trying to decide which one should I invest in. Your post @tojukaka has been such a great help, so thank you, my friend, for sharing. Very helpful
The pleasure is mine. I'm glad that I could be of help to you. Thank you.
Great explanation. Good job. You illustrated your points nicely with graphics, as well. I love the Lord of the Rings analogy that you gave! Upvoted, resteemed and followed you @tojukaka
((image is from Google License search - labeled "license free to use or share -even commercially))
https://c1.staticflickr dot com/9/8508/8459155714_4dded4f7db.jpg