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RE: Introducing @randowhale - will you get the 50% vote? Give it a shot!

in #steemit • 7 years ago

Oh I see, now that makes sense when people say they have loaned their "voting power" to some other account. So when I create my account I have 75 on loan from the Steemit site, and at some point it goes away I guess.

7 years ago in #steemit by
$0.53
  • Past Payouts $0.53
  • - Author $0.48
  • - Curators $0.05
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     7 years ago  

    Yes for your 75. BUT i dont know how one loans money to another account without transferring. I want to know this though.

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       7 years ago (edited) 

      the randowhale is a steemit dev bot i guess, because it says it joined 47 years ago ... pretty old hu?

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         7 years ago  

        it actually was just created this week.

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           7 years ago  

          not sure about that! i´m here since 6 days, bought some steem, powered up, and still got the (+72.53) at my steem power balance, but haven´t received it yet ... Actually I thought that you´d always get "interest"on your steem power .. hm there must be an answer somewhere :D

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             7 years ago  

            SP Delegation.
            After the recent hardfork Steemit now allows SP delegation.
            Before this there was only curation trails, even if there were inactive investors and accounts that wanted to share their Steem Power with other users so they could curate more effectively and earn curation rewards they couldn't do that without transferring the actualy Steem as Steempower to the curating account. On a decentralized network with many accounts its hard to know who you can trust and if your SP support will be abused/misused. So to remove the trust-issued while allowing curators to make more curation rewards and increase their influence they made SP delegation possible.

            What it is, is another account delegates (as in borrows) Steem Power to yours. You can not transfer or withdraw this SteemPower, but it will count as if its yours when you curate and when you receive curation rewards from it. Bear in mind that the users delegating you Steem Power can take it back at any time.

            17 days ago by acidyo