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RE: Contest | 25-Word Comment - Monkey Business | Hibernating
Honestly, I don't really understand, which one is better for us to receive as a gift? Is it SP, UVF or upvote Curator or Booming? I hope maybe someone can explain to me.
Let me explain it to you.
Steem
If I give you 10 Steem you have a crypto. You can choose what to do with it. You can use it to power up or you can change it and buy something for it.
Booming Upvote
If you are nominated for a Booming Upvote your name is written on a form and if the Steemit Team agrees you receive a high upvote. This upvote will be partly steem and partly steem power (SP).
The steem power powers automatically up, the steem is for you and you decide what you want to do with it.
SP
No one can give you SP (steem power). I can borrow you SP if you have nothing and are new so you can post, upvote, edit your posts, write replies and redeem the money in your wallet. Everything you do on steemit uses SP except reading.
If I borrow you SP I delegate it to you but it remains mine. You can't power it down and change it into Steem and buy something from it.
What I delegate I can take back any minute.
Some delegate for free (steemians to communities) and there are rich steemians you can pay and they delegate Steem to you for 1 month or 2 as long as you like and pay them. The only plus is you can give higher upvotes to others (unless you self-vote).
UVF or SBI
Both are investments. If you have them (the more the better) you receive an automatic upvote on your post. How much depends on how many you have, how frequently you post it may be clear that if you just posted, you will not receive it again if you post 5 minutes later (or you must have a lot).
As I returned 1 year back I posted and I received upvotes from SBI and those who automatically upvote me. Some are Steemians no longer active. It is a nice extra to know that even if no one upvotes you, you can still earn a bit with what you post. That is what UVF (the UpvoteFund) and SBI (Steem Basic Income) are about.
If you have more questions, please ask.
0.00 SBD,
0.00 STEEM,
0.02 SP
Thank you very much for the explanation my dear friend. Now I start to understand about Steem, SP, UVF.
This means that each of them has its own advantages.
Later if I'm confused, I'll ask again. 😊
Hi. I don't understand this either... Hope someone explains it...
0.00 SBD,
0.00 STEEM,
0.00 SP
I just answered, so have a look and let me know if you understand it more now or have more questions.
0.00 SBD,
0.00 STEEM,
0.00 SP
Thank you. I don't know how you understand so many things so easily. It must be IQ. I'll still be trying to figure this out a bit. But your explanation does help a lot.
