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RE: My Reservations About Steemit - Is This Really Too Good To Be True?
Steem Power is not compounded interest as you say in this post, to get a much better comprehension of how/why steem power grows, please read this blog post @ https://steemit.com/interest/@bacchist/steem-power-interest-is-not-compound-interest
Thank you for sharing! It's definitely different than I was thinking and is leading me to reconsider powering down. You cancelled your own power down, no? You were the original one to inspire me to do so, so I'd like your thoughts. Or hell- make a new video :)
Based on how VESTs work, me not powering down puts me to benefit from those who are powering down. I realy have no use for the money right now, the only reason I was powering down was I lost confidence after the hack and web site problems, but now that the site is working much better and I know how to generate steem by trading steem, so I have the ability to keep powering up every week without investing money.
Scroll down that article and you'll find input from the infamous jl777. If I remember rightly, he's worked on NXT and other notable projects (maybe Waves?) and like him or not, he knows his stuff. Worth the click and scroll
Thank you! I'll look into that cat- didn't realize his importance!
https://steemit.com/steemit/@minion/youtube-vs-steemit-enemies-or-siblings
[IMPORTANT] This post covers the Similarity between YouTube and Steemit as well on How to use Steemit and It's OFFICIAL CONTENT RULES.