RE: Power down issue: is it a zero sum game? Or can we have options?
Thanks, but nowhere in all that information does it clearly explain, in layman terms, exactly how the referenced $5.00 (or any amount) in curator rewards would be allocated amount 10 (or any number) members.
In fact, I would be willing to bet that not more than a handful of non-management Steemit members know what all that jargon really means. Steemit is suppose to be a user friendly forum platform for everyone, not just a few MIT grads or the like. What you have instead, is a platform build and run by high-tech people, who found a way to take an unfair advantage over those less knowledgeable. That is exactly how Steemit is structured. In short, Steemit is structured to cheat the little guy, while making the Steemit whales rather wealthy. Thank goodness I am leaving asap.
This is a stake based platform. Is your vote 5 dollars? No? Ok. is it worth 50 cents?
Well, very simply, those with more stake are going to earn more in curation than those with less. To have a 50 cent vote requires 65,000 Steem at the current prices.
So, for the 5 dollars, it would take votes from about 650,000 Steem. if 10 people all had the 65k, they would have the ame 50c vote. But, there are factors in play including when one votes and in what order, with generally those voting earlier (but not too early) getting benefit from those voting later. It is designed this way to try and encourage people to find and share posts that others will also like and vote on, therefore rewarding the earlier finders.
I won't get into it any more than this as you are leaving anyway. For your next investment, it is probably best to understand what you are investing in, before you buy. You can also buy into a traditional index fund or stocks, but beware the trading fees as they can be excessive in comparison to crypto, some as high as 25 dollars per trade, which is about 150 STEEM at these prices.
Good luck out there.
"Well, very simply, those with more stake are going to earn more in curation than those with less. To have a 50 cent vote requires 65,000 Steem at the current prices."
Exactly, which is why Steemit is nothing more than an illegal ponzi scheme. Newer members cannot possibly compete with long-time Steemit members who have high reputations and lots of Steem / Steem Power, and as a result get virtually nothing for their up-votes.
And that is why Steemit will eventually fail. No one is going to invest that much money in Steem in order to gain any kind of an advantage, and therefore they leave the Steemit platform just as fast as they came. Once long-time members cash out and leave, as they are doing in droves, there will be no one left to scam, and the platform has nothing else to offer. Thus Steemit will fold, just as it almost did last year when it was forced to layoff 70% of its staff.