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RE: Open your eyes
Hi!
Thanks for your support earlier.
To be honest I just bought some Steem as an investment but I have no clue how the power up nor Steem power works. All that I’ve found are very long and detailed documents.
Do you know of a simplified version?
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Yep! Steem Power is what determines your RCs. So if you click on the down arrow to the right of your liquid Steem, you will get a drop down menu. One of the options is "power up." Then it acts like a transfer, but to vesting, or Steem Power.
500 SP would make you a minnow, and you have lots more than that available.
It's also safer, if you want to store it as an investment, to keep it as Steem Power because then if someone stole your key or something and broke into your account, it takes 13 weeks to cash out Steem Power (it breaks it up into payments) if you wanted to sell it for money. So if it was someone trying to steal from your account, you would have time to catch them and get your account safe again before they could do that, whereas if it was liquid they could steal it immediately.
Thanks! I just powered up 😎
What’s a minnow?
Posted using Partiko iOS
Never mind that. I did a web search ...it’s kind of frightening how much I don’t know....
Posted using Partiko iOS
It's a learning experience for sure! :)
Plus, your upvote is stronger the more SP you have, as in, your upvote gives more money.
Oh, and - now you have a slider, and can adjust your vote. You can give 100% votes or 50% or anything you want, so you don't use all your Voting Power so fast.
Thanks, you have clarified a lot 🙏
What do you think about upvoting yourself? I do it to collect Partiko points for my next post ...
Posted using Partiko iOS
Generally a lot of folks frown on it, but also are more forgiving for new folx because we understand y'all are just getting started and finding your groups here and such. But even for bigger accounts, doing it every now and again isn't a big deal; it's when big accounts do it all the time that people start to grumble.
You might want to join @abh12345's engagement league to help you on your journey! :)
Thank you for the tips 🙏
Posted using Partiko iOS
You're welcome! :)
The different levels on Steemit are:
Redfish/plankton <500 SP
Minnow 500-5000 SP
Dolphin 5000-50,000 SP (I think? Not sure about the upper numbers)
Orca 50,000-500,000 SP
Whale 500,000 SP+
essentially. It's really measured in Vests, but Steem Power is the easier approximation of Vests. The number of Vests you have is the number beneath your little fishie icon when you click on your Steemit Board notifications to see your badges.