Does Anyone Know the Steem Power Voting Ratio; Steem Bought vs Voting Power?
Does anyone know the ratio where if you buy say $5,000 of Steem Power, then how many votes you can give yourself and how many votes you can takeaway from others?
Has anyone figured this scale of dollars versus power out in Steemit?
Please do tell...thanks
Hallo @michaelpinson
The definition: 1 MV = 1M VESTS = 483.120 Steem Power = 483.120 STEEM = $759.797
Note: the US $ will always change all the time depending on the price on the exchanges, but the rest will always be the same.
You can see it all here: https://steemd.com/distribution
Ok...I got that point....but you voted for your own comment and you got $132.09 on your reply....was your steem power account reduced by $132.09 when you voted for your own reply?
Hello @michaelpinson
I voted on my comment so you could see how much voting power for 173,702.222 Steem Power.
You can check my Wallet everybody can do that.
My Steem Power account was not reduced when I did the Vote. It never is but my Voting Power was reduced.
Your Voting Power is 61.25% at THE MOMENT. You can check it here:
https://steemd.com/@michaelpinson
"Is your reply vote $132.09 US dollars or $132.09 Steem Dollars?"
It is US dollar. The author get at least 75% , the voter (curation reward) is maximal 25%
I have bought more than US dollar 100,000.00 on the free market exchanges (bittrex.com).
Hope it gave some answers.
Is your reply vote $132.09 US dollars or $132.09 Steem Dollars?
It represents an amount of steem and steem dollars equal to a market value of 132$. (but the system values steem dollars at 1$ rather than the higher value they actually trade at,...)
This money does not come out of his account. In fact everyday, a pie of steem is made available for distribution amongst authors and curators. This pie has a certain value but it also means that each day the total amount of steem increases, thereyby diluting one's holdings. You will also see your total amount of steem price slowly creep upwards, by 0.001 SP at a time, this is to encourage holding steem as steempower (steem dilutes faster, since it doesn't get these 0.001 increments)
However, if the price of steem doen't drop this means that the total market value of steem increases.
I believe however that according to the current system there is about a 10% inflation in the system (including the increments, your amount of Steem Power expressed as a total of all Steem available is reduced by 10% a year (if you have no curation or author rewards).
Hope this clears some stuff up.
yes thank you....Steemit say they only increase STEEM circulation by 10% a year....but when you look at these numbers, it is difficult to confirm this...there is no real annual history chart of any coins on the coin desk which would increase transparency for everyone....
So a STEEM POWER guy can wipe out 30+ peoples votes with his one down vote which is a bad model....it creates mini dictators and certainly abuse and bullies....this is one large flaw in Steemit....it does not create "Equality".
If you were to read what steem is about, not simply consider that this model has been working for over a year now, with very little change to the functions it was based one, in complete transparency, under open source code, and promoting free speech, and a decentralized operating mode, you would understand why banning people is counter to this, why downvote only leads to abuse and why free speech is guaranteed regardless of price or steem power, and how telling people that they can't call you a cunt because you believe free speech means telling people what they can and can't respond with, doesn't make it free speech but exactly a sociopath control freak, which is also indicative of someone who resolves responding to those that he perceives as bullies with harassment, petty threats and literally to trying to impress the person he perceives as a bully with his "experience and media appearances" and LITERALLY not appear like a coward in the eyes of the person he perceives as a bully!
Also, even in this comment, but I think in all your comments you have not shown the capacity to finish a thought, or back up one thought with logic or reason, it all resolves either to you 30 years of experience or feelings, and this thread is indicative of this as well, it's exemplar not just here but in all your comments, in all your threads, you have not even one reason that doesn't rely on faith, supposition or both, reducing your logic to "i believe blah blah" or as other times in spite of new knowledge or good advice, all the while relying on .... ellipses which function exactly like the Draw your own conclusions fallacy.
The "Draw Your Own Conclusion" Fallacy (also the Non-argument Argument; Let the Facts Speak for Themselves): In this fallacy of logos an otherwise uninformed audience is presented with carefully selected and groomed, "shocking facts" and then prompted to immediately "draw their own conclusions." E.g., "Crime rates are more than twice as high among middle-class Patzinaks than among any other similar population group--draw your own conclusions." It is well known that those who are allowed to "come to their own conclusions" are generally much more strongly convinced than those who are given both evidence and conclusion up front. However, Dr. William Lorimer points out that "The only rational response to the non-argument is 'So what?' i.e. 'What do you think you've proved, and why/how do you think you've proved it?'" Related to this is the well-known "Leading the Witness" Fallacy, where a sham, sarcastic or biased question is asked solely in order to evoke a desired answer.
I would advise you reflect on what I have and what others have said to you, regardless of how valuable or not you consider it, you can at least consider if it could be true and come to a means to arbitrate instead of fling mud, all over the platform, spamming numerous threads with the same cunt bullshit behavior.
I am not a whale, nor is @bacchist, and your misconception of free speech applying only to decent reasonable responses that you decided what those stipulations are by yourself will not make you especially popular, and definetly not much of a thinker, in this community.
You also believe that "facebook will clone this", is probably because you see steem as Steemit Inc, and the ceo in control or responsible over the blockchain itself.
If you want to understand the inherent difference between Steem and Steemit Inc, and how that would mean the death of facebook, youtube and everything else INC, regardless is SteemIt Inc is the dominant voice among the witnesses, the development and everything else is transparent, so we have a very good idea of what the direction is, but that doesn't matter, because we have been bellow 8 cents not more than a few weeks ago, and we had always a growing and expanding userbase, and facebook cannot come close, nor any other platform, in diversity and quality of content that steem the blockchain holds, which is actually owned by the creator by simple fact of the immutability of the information, or it's resilience to being censored, and facebook and every other inc couldn't monetize something that promotes exactly what you are against or censorship and centralization resilience, meaning free speech and no admins while preserving the original creator as the owner, which gives the incentive to invest both time and effort into either consuming and curating for rewards, or creating consuming and curating for rewards, but also simply because you can speak your mind in spite of your definitions and calls for banning, bullying and ganging up on people, or your petty threats and weak, pathetic attempts at phishing my information in order to harass me with your cop buddies that you use to hide behind.
I would love to know this as well.
Hello @duckmast3r
The definition: 1 MV = 1M VESTS = 483.120 Steem Power = 483.120 STEEM = $759.797
Note: the US $ will always change all the time depending on the price on the exchanges, but the rest will always be the same.
You can see it all here: https://steemd.com/distribution
Very nice Ramta. Thanks for this. I took a screenshot of your comment so I can have a copy of this information. Greatly appreciated.
My research is showing that those who have STEEM POWER can act correctly, or they can abuse their power and turn the site into a NAZI style Police State pulling all your votes and money, then flagging your entire page....this is going on here...and then there are those who call people wild names and are rude. there is no bocking these people acting like little Steemit Fascists. The Steamit founders know this is happening for a long time now and yet they will not stop it. There is not real free speech. it is like being in North Korea....if you question the government they will kill you...if you tell everyone how great the government is then you are rewarded....not a good business model for Americans....the Steemit founders need to change their business model ot frankly, Steemit will crash as nothing more than a scheme for the founders to obtain your Bitcoins, and give overwhelming power to unvetted NAZI Police types on the site to crush anyone who questions anything.....also, I find it interesting from a business fraud standpoint that anyone can buy Steem Power, then SUPER VOTE money for themselves, which misleads others where the majority of the steem dollars came from. A person should not be able to vote for their own article at all. Also, the down vote tool is being used for nothing more than to control topics and content....there is nothing free market or free speech about Steemit that i have seen ad they advertise at all...
You can mute people but as this is created by an anarchist, with anarchist principles and the community here is by large anarchist minded itself, there is no need to BLOCK or BAN, you can mute people but they can still vote on your content. You don't get to decide who is or who isn't a fascist, though you can call people names, like bully, or lie about what actually happened and try to get people to GANG up on others, and not face some consequences, one being you basically shit all over the community, and another being you think that low of the community that you believe they would bully people on your behalf. As you've been advised before, it would be wise to stop that.
You are a new user, yet know about what the steem founders know, and erroneously believe that they would want to stop it, I suggest you read the whitepaper because you're asking investment advice on something that you have literally no clue about.
Another lie. You just demonstrated free speech, speaking against the platform, it's the proof of free speech right here you cunt.
Thank you for your opinion.
This is why you're a cunt.
You don't understand the basics of how the rewards are accrued, you shouldn't find anything interesting, as you have no knowledge at all, regardless of your fallacious claims that the founders can do something about it.
Thank you for your opinion.
grow up and move on....the real world does not support people like yourself...but I will be sure to quote what you said about the people in Steemit, as if you really speak for everyone on the site???,,,,are with anarchist principles and the community here is by large anarchist minded itself.....it is your posts that prevent new users from writing and you are hurting the site....you actually have proven my point very well.....
Please do, or simply look at the many trending topics about politics cunt. You resort to empty meaningless threats like " I will be sure to quote what you said about the people in Steemit, as if you really speak for everyone on the site???,,,,are with anarchist principles and the community here is by large anarchist minded itself.....it is your posts that prevent new users from writing and you are hurting the site....you actually have proven my point very well....."
Do whatever you need to do cunt.
Go to https://www.steemnow.com/ and enter your username. You can check the value of your votes however I'm not sure where you can check the ratio.
No I mean if a person BUYS a fixed dollar amount of Steemit what will his voting power become....not what they have now, but what could they have if that buy $5,000, $10,000, or $25,000 of Steem Power
If you don't know the answer to the question and others, why would you be a cunt to open your mouth and spew "SELL EVERYTHING NOW"?
Voting power goes down as a person votes. That includes downvotes. So as a person votes, their power goes down. It replenishes over time. So there is no fixed amount... But the more a person votes within a given time frame, the less effective each vote is. It's not a fixed number
Interesting....so why would they use up voting power to bully people...I saw today that anyone can down vote really as much as they want to....I tested this myself in my own research....there does not seem to be much of any cost involved in downvoting....or upvoting....
Because people do that, they chose to use their voting power how they chose to use it, and in your case they chose to use it because of your doomsday bullshit obviously, when you have no clue how the system works, evident by the numerous misconceptions and assumptions you have.