Is there a video explaining how steem power works?

dobsdies (40)in #introducemyself • 7 years ago

Hi i am fairly new to Steemit and was wondering if there was any information on how steem power works and how some people can give large amounts in one like.

Thanks for your help.

#introduceyourself #crypto #steemit #steem

7 years ago in #introducemyself by dobsdies (40)

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welcomebot (51) 7 years ago

Welcome to Steemit @dobsdies :)

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Make sure to participate in this weeks giveaway to get known in the community!

Here are some helpful tips to get you started:

@reggaemuffin, the creator of this bot is a witness. See what a witness is and consider voting for the ones you feel are good for steem.

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3 votes

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sflaherty (58) 7 years ago

The basic concept is Steem Power holdings will make your upvotes more valuable and in turn make you earn more money for investing back into steem. Also it helps you earn more on your blogs so the more you hold the better in that area. Kind of view it as being a share holder in Steemit, more shares you have the more returns you get back. Hope that helps.

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1 vote

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dobsdies (40) 7 years ago

Ok thanks for your reply. so these people who are giving $100 per like just hold alot of shares in steemit? My likes are not massive but have one for helping.

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sflaherty (58) 7 years ago

Yea basically those guys are richy rich lol...but we can all end up there with some hard work. Best thing when you start out is save back as much as you can in SP, it will make you more in the end

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1 vote

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