UNDERSTANDING Steemit Rewards ( STEEM DOLLAR & STEEM POWER)

When I first joined steemit.com, I just didn't know what those things in the picture below meant, so I decided not to even trying changing it, so as not to "spoil" my account, lol.

when you're about to make a post, there are 4 options you'll notice by the bottom right

Under Rewards you'll see

• Power Up 100%
• Default (50/50)
• Decline Payout

I'll briefly explain each

1. Power Up 100%:

If /when you choose this option, you're telling steemit.com to convert all your rewards to STEEM POWER. (the simplest way to explain it)

what is steem Power?

Well I have my own definition of steem Power, steem Power according to @samstickkz is "the power to give and get and get money"

More definition:

Steem power – Also known as SP in short, is basically a token symbolizing how much influence you have inside the Steemit platform. If you have a lot of SP your upvotes will count more and will award different authors SP and Steem dollars as well.

2. Default (50/50):

This option splits your rewards into STEEM DOLLAR and STEEM POWER.

STEEM DOLLAR:

Steem dollars – This is the currency of the Steemit platform and is also known as SBD. This is what people send to one another when they upvote posts on Steemit. The reason it’s called Steem Dollar is because 1 Steem dollar represents any amount of Steem required to reach 1 USD depending on the exchange rate at that time (more or less).

Currently 1 SBD is over $1

3. Decline Payout

Choosing this option declines payment, you'll get no rewards on upvote.

4. Upvote post:

Leaving this option ticked gives you the opportunity to "TIP YOURSELF"

NOTE:

• If you power up, you will be able to Upvote and give money out to anyone you upvote including yourself But....You will not be able to take your money out easily, You will get it in 13 installments (13 weeks) 'I think' if you powerdown to get your money back
  Easy explanation.. It gives you power to Upvote and give out more money.. but you can't just take all your money out at once again..

Ref : @yemmy4eva

If you think this was helpful and other new steemians needs to know these things, Pls upvote and resteem.

Ref: https://99bitcoins.com/making-money-with-steemit-steem-dollars-and-steem-power-explained/