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RE: How to calculate your upvote value? Part 1 - What is VESTS?
believe me I took a whole day to analyze this too. It was stupid to start with this post ahahahah. But I learned a lot once I understood it. So the key point here to know is
- VESTS is a company share (will be diluted as more investor comes in, just like gov print dollars therefore dilute the dollar money supply)
- STEEM POWER is the STEEM needed to buy a million vests.
- steem required to buy per million vests increase every year. Due to steem inflation 9.5% right now.
- So STEEM goes up in number, while VESTS stake of your account decrease
- This solves the problem of share dilution. Just watch the youtube video again. :D
yes going to . it will most likely take more then once. lol you did a good job on this. But it is also up to people to read the information and apply it. It takes time and a little dedication .
thanks