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RE: What if people start selling their votes?

in #steemit8 years ago

Not a big deal. If a person wants to sell their votes then they can already and Steem Power also can be sold, and big businesses can sponsor bloggers too if they aren't already.

The point is the votes aren't "free" anymore.

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I'm trying to figure out how a blogger on steemit would be sponsored on this platform without having to buy steem or steem dollars. They would have to send you payment or BTC off site which would be easy I guess.

"Steem Power also can be sold" How is it possible? By selling your own account?

Would also like to know this. Not sure its possible.

You can power down your SP, but you have to wait 104 weeks in order to dump all your SP
(you weekly get ±1/104 of all your SP converted in STEEM)

Yes, by selling the account. You can only sell all of your SP as a chunk, but it is an option.

if you add steem power from STEEM you can choose to send it to others as an option

I don't think you can send steem power. You would have to power down and wait for the 104 payments.

not the steem power you earn but if you power up from STEEM you can. Go to your wallet, click on "power up" then "advanced settings" you will read "Converted Steem Power can be sent to yourself or someone else but can not transfer again without converting back to Steem."

sounds to me like you can send it

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Similar to SP, SMD tokens cannot be purchased directly on an external exchange. SMD are primarily earned through contributing but can be purchased by converting STEEM tokens to SMD tokens.

Actually Steem Dollars can now purchased on external exchanges !
https://poloniex.com/exchange#btc_sbd
https://bittrex.com/Market/Index?MarketName=BTC-SBD

PS Abbreviation of SBD = Steem Backed Dollars
or just SD = Steem Dollars (not SMD please edit)

yeah, and then it gets ruined. Look at how this affected this platform now that it is 4 years later. Didn't turn out too good, eh?