POWER UP YOUR STEEM PETE. BUY MORE STEEM AND POWER IT UP. Thank me when the Steem price explodes and you have Fifty Mil worth of Steem. Not joking. Cheers man. Glad you're here. OH! Tell all your YT subs to create Steem accounts too. :-)
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From your mouth to the crypto gods ears! Steem On!
Power Up? I'm a true newb! Any direction would be amazing!
You can earn both STEEM and Steem Backed Dollars (SBD) from your posts on STEEM-based apps like Steemit and Dtube.
SBD is good for $1 worth of Steem if ever you decide to convert it. You can also trade it on an external market, which is the better option at the moment since it's trading for over $4 (anything over $1 is added profit). The whole purpose of SBD is, at least in theory, to make a more stable currency, pegged to the US dollar, that would be a more attractive option for businesses (online retailers) than your typical crypto-currency, which can fluctuate by more than 5% per day. Obviously, it hasn't succeeded thus far at keeping the dollar peg as, like I mentioned earlier, it's currently trading on external exchanges, such as Binance, for over $4.
Steem, the actual currency of the Steem- blockchain, can be "powered up" into Steem-Power (SP), or "vested Steem". SP is what determines how much your vote is worth on Steemit and other Steem based apps. Everyday the same amount of Steem is awarded to content creators, based on who gets voted on by whom. The higher your SP the more percentage of the reward pool your vote awards.
Once you've powered up over 500 Steem, you get the option to choose your "voting power" every time that you vote (before that amount is reached, all your votes are cast at 100% voting power). When you go to vote, you'll see a "voting slider" that allows you to vote between 1 and 100% voting power (if your 100% upvote is worth $10, then your 10% upvote will be worth $1, it works on a linear growth line).
Each SP only has so much voting power, which decreases a bit with every upvote (or downvote), but it is forever renewed at a rate of ten 100% upvotes (or downvotes) per day, at a constant rate. So the maximum return on curation rewards (your reward for voting on content that receives further upvotes after you made your vote) comes with voting ten times at 100% or some equivalent (100 times at 10%, 1,000 times at 1%, etc.).
You can "power down" your SP whenever you decide to convert it back into Steem. This will divide the total SP by 13 and pay it out in 13 equal weekly payments to your account. You can end the power down whenever you wish and you can choose to power down any percentage of your total SP.
Hopefully this helps :)
Excellent advice. Good job.
That's some solid information right there, thank you. @jamesbrown
Your comment is really perfect.
Thanks! I think I got it now :)
@furiouspete123 You can also see how much your voting power is worth and how long time you need to get your voting power charged at 100% on https://steemnow.com/@furiouspete123
Sir I know you will soon become a Whale here, if you keep on powering up. Keep on posting and powering up sir @furiouspete123 I'm @joshvel your follower from the Philippines...
good
Thanks for the info. I am new here so all this info is helpful.
You're welcome. Glad I could help :)
should just cut and paste info to the top 3 posts everyday...i dont think many people know whats going on....including myself
@giostrus some great info!
@jamesbrown - thank you for the help in explaining the differences in currency on steem. It’s helpful to look at the pros and cons and understand the value of SBD.
Thanks, i have been searching for one who will explain this to me, I think am coming to understand everything here more and more.
thanks again!
As always, @jamesbrown, you got soul and are super bad. Thanks!
Man I have a lot to learn...
Being a newb is actually a nice feature, because 99% of viewers will be as well. Plunging into Dtube, Dlive and Steem can be quite a learning experience. Since it's all blockchain based, many things may seem a bit difficult to understand.
Which is why your adventures and your experiences on these platforms automatically make for incredibly interesting and valuable content.
Good luck, I hope you will like dwelling in the kingdom of peace, abundance and liberty!
When you power up your STEEM you get a higher upvote as well as support the network. Most of us are here with powered up STEEM because we believe in the network.
good
From this post you will get rewards in Steem and Steem Dollars, both of them have no utility other than being able to send them without fees and in 3 seconds to anyone with Steem account. That's neat in itself, but you could power up that Steem which will let you allocate some of the daily generated Steem as rewards for content creators by upvoting.
For example, with current prices having 5k Steem Power would mean that you could reward 10 different people here on Steem with about 1,3 dollars a day. And if the prices stay the same, you could do that forever. With that much Steem Power, you would get slider which will let you make smaller upvotes as well, enabling you to make more votes than just 10, they will just have little less impact.
So in essence, Steem Power are shares to Steem blockchain that let's you have more say on who should be rewarded here and who not. And as more people join here, and demand grows for visibility, the price of Steem should rise. Meaning your votes will have larger impact and the wallet in total will be worth more, as Steem Power is just Steem that is locked up and that can be powered back down to Steem and sold.
I hope this clarifies the system little bit. Ask away if you have any questions unanswered.
Go to you Wallet->Balances->Steem->Power Up
Very well You're Going very Grateful
A true newb?? lol Well welcome welcome 😀 !!!
Truth is that I am from the last that could give you an advice in here, since I count about a month in Steemit!!!
The only thing I can tell you though, is to be yourself!!! This platform is a great place to experiment with, and try new things "your" way!
Well, I don't even know if you will get to read this comment but if you do, check what my brother ALREADY made for you 😉!!!
https://steemit.com/furious-pete/@tkappa/attention-furious-pete-has-joined-steemit
Have fun @furiouspete123 !!!!
A simple tip from me is to make your links clickable ;)
People are too lazy to cut and paste @furiouspete123
As far as I understand, "Powering Up" gives you a higher priority in the Steem ecosystem. It's like temporarily buying influence. You can "Power Down" at a later time to cash out some of your Steem or convert it to something else.
Good....nice
what to do to replicate subscription?help me please:( @kylemacmac
Just follow him here or in dtube
https://steemit.com/@nadhiifah
Earnmoney.com
Does EarMoney really work? I ask you why I have worked on it and it really does not let me get the profit obtained. Can you explain how it works?
yeah... how about no.
Really its good suggestion...cheers
yes true, its all about steem power.@kylemacmac
That’s really funny gif
I don't know who you are or what you did to get 4 mil on YT. Just read the top comment. My reply...only put in what you got from butt kissers here. If the too-good-to-be-true pyramid ever falls, you'll lose nothing but respect from YT for sleeping with another lover.
5 mil subscribers on YT = you should swim in money :) :) :)
I only have like 20 lol - just started couple of weeks back.
Following you & @kylemacmac to learn...any advice much appreciated! :)
Cheers,
Adrian
lol
Really Nice but I have no Idea what to do, am just confused?
No idea what to do re: what ?
yup !!
So Very good and could be a lesson.
http://www.lulu.com/shop/julius-green/hip-hop-kid/ebook/product-23483347.html.
Check it out. xD
But at the moment sbd is more in value. So keep your sbd running in.
Wow super big social media giant comes to steemit this could make steemit skrocket
you are on point
pretty idea @kylemacmac
one of the informative comments , appreciated. @kylemacmac
@kylemacmac your saying definitely right steem future is well he want convert to Sp
@kylemac, your reply has said it all. imagine the exponential growth that will be experienced if all his subscribers joins the steemit platform. glad to have you bro.
Thank you, friend, I will do it.
How many ways are there to POWER-UP on Steem, on STEEMIT.COM and other Steem platforms? You can go into your wallet and wire your Steem to your Steem Power (SP), and SP is like a bond, a trust fund, that has been collecting interest. And SP gives you more upvoting power which is not to be confused with reputation points. New users start with a reputation of 25 and mine is 52 right now. A bigger number is better.
You can also power up simply by writing posts, comments, that is as people upvote (like) your posts, your comments, what you write on Steem: when people upvote (curate) your posts, some of that will maybe go into your SP and that is how I power up, slowly. When people upvote me, I get SP sometimes.... and/but I also get some Steem Backed Dollars (SBD or SD) too and I sometimes transfer that or wire that or sell that or trade that out to my Bitcoin wallet or something.
This is good stuff..
mantap...
thats true friend :)
wow 5million !! thats loads!!
Excellent Post. I invite you to see my postcards. Here I leave the link http://bit.ly/2EEedPF
I had a good uproarious laugh at this one!
Honestly!!!! I couldn't help laughing with tears in my eye
When the left looks at the right, they think the tail cannot wag the dog.
hahahaha