You are viewing a single comment's thread from:

RE: How to calculate your upvote value? Part 1 - What is VESTS?

in #steemit7 years ago

I still do not have it all understood but this sure did clear some of it up. looking forward to the next post
use VESTS to calculate your upvote

The more I learn the more I realize what I don't know (kinda like Vest)
If I got your post right right

Sort:  

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

  1. VESTS is a company share (will be diluted as more investor comes in, just like gov print dollars therefore dilute the dollar money supply)
  2. STEEM POWER is the STEEM needed to buy a million vests.
  3. steem required to buy per million vests increase every year. Due to steem inflation 9.5% right now.
  4. So STEEM goes up in number, while VESTS stake of your account decrease
  5. 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

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 97467.82
ETH 3388.58
USDT 1.00
SBD 3.13