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RE: Steem is recovering from a corection

in #steem8 years ago (edited)

definitely a good time to earn and hodl as much STEEM as possible. In a few months as it catches on and people figure out how to use, it will explode! I do find all the different categories of STEEM currency somewhat confusing (STEEM vs STEEM poer vs STEEM dollars). Where am I supposed to be holding the majority of my coin? Can anyone explain how they are used differently?

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Steem is the token that when you power up give you "voting power" give money the more you have the better. SBD is the leqied reward that you get after each pay out.

Thanks. So each time I vote I'm giving them .01 and I'm losing .01? And then I gain .01 if someone vote for me? Just trying to understand, I love Steemit. Lol

When you upvote someone you loose voting power. You have 100% voting power every time you vote 100% yu loose like 2.5% of it so you can make 10 X 100% votes a day and you do not lose anything when you vote axcept voting power.

Thanks @crypto.freedom thats exactly what I was wondering. Steemon!