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RE: Re: If STEEMIT is to survive and thrive, it needs to get FAIRER
And may I ask, did you every invest any money into buying steempower?
And may I ask, did you every invest any money into buying steempower?
Yes, although not much. When I first started, I bought $250 worth. The rest, I have earned by participating.
Wow... Did a couple of hundred bucks make much of a difference in your experience if at all?
Well to a large extent yes, because I actually started out purely as an investor (albeit a small one). I bought the $250 worth of STEEM because I thought it would go up in value based on what I learned about the platform. I actually ended up signing up for the site because I needed an account to be able to power up. I'm pretty sure I would have signed up anyway, but technically that was the reason I did it.
From a voting perspective, it didn't really do much. Up until recently, even when I had 10,000 SP - I was only adding a few pennies to people's posts when I voted. It wasn't until the 'whale experiment' started (run by abit and smooth) that having a moderate amount of SP actually made a difference in your voting. HF 19 changed it so that it was handled at the blockchain level (via linear rewards). These days, buying a small to moderate amount of SP can actually make some difference.
I think the $250 also helped because I always looked at the site from the perspective of an investor. We all 'own' a stake in the platform, so it is in everybody's best interest to make it succeed. I think the more people who have that perspective the better.
Wow.. so it enhanced your mindset more than anything else. That is awesome.....
I was wondering how much SP it would take before life becomes different.. lol
Hey maybe you can help me out here. I have been looking up what specifically makes a dolphin and a whale. And that information is impossible to find.
Do you know these facts?
They are lose definitions, but I have always gone off of what they have here:
https://steemd.com/distribution
(the site is currently down, but will probably be back by tomorrow.)
Based on that, I put a dolphin at 10 MV (or about 5,000 SP) and a whale at 100 MV (or about 50,000 SP).
what does MV mean?
Million 'vests', which is a unit of measurement for SP. 1 MV is about 500 SP.
Got it. Hey a whale has been to my last 2 posts as a single vote made them go up $10 But I don't know how to find him