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RE: New to STEEMIT, got a question
I think Steem Power (SP) is a vest token and has influence on your post and curation activities (more SP, more rewards). STEEM is a liquid token, you can transfer to other users (buying products and services) or exchange it for other cryptocoins (Bitcoin mainly).
You Power Up when tranform STEEM in SP and Power Down when doing the inverse.
You can check Steem.center wiki too: https://steemit.com/welcome/@steemcenterwiki/welcome-to-steemit-here-are-some-useful-wiki-articles-for-new-steemians
Welcome and good luck again!
Thank you for replying. I did figure the difference out between steem and steempower. I get that on this platform its best to have a lot of steempower. But the time it takes to transform it into something else ( fiat money or bitcoins) through poweringdown to STEEM is quite a factor. 2 years or 3 months to get to your capital is quite a difference...
I've heard that Bitshares, one of the Steemit founder's previous blockchain project, was launched with this idea of different tokens (vest, dollar pegged and liquid). Maybe comparing both could bring insights to help understand here. Good luck!