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RE: Why Steemit Isn't Growing -- IMO
sp is not different
1000 sp is 1000 steem ...vesting may be different but it's still 1000 steem, thats doesn't change
sp is not different
1000 sp is 1000 steem ...vesting may be different but it's still 1000 steem, thats doesn't change
It is different, as @diginomad pointed out.
You can think about Steem Power as STEEM held in a fund.
VESTS are shares in that fund. If I'm not mistaken, 15% of inflation goes to that fund.
So if you power up 1000 STEEM you get amount of VESTS that is worth 1000 STEEM at this moment. VESTS continue to be worth more STEEM and that's why you see that amount of Steem Power you have increases all the time.
sort of
lets say for sake of argument and these numbers are not accurate for the example
let's say i powered up 100 steem....for 100 sp,,,you had 100 vests for this, if you power down you will still have 100 steem but if you power up again and a year of inflation goes by at 15% and you power up 100 steem again this new 100 sp is now only valued at 85 vests but 100 sp is 100 steem no matter what. this makes sense to me and if i am wrong i am open to better explanations. i think the vests are what determine the voting power, so this is where it might makes some changes
Yeah. The idea is that a certain value of X is represented by 10 tokens. If an 11th token is created and the value of X remains the same, all tokens are now valued at X/11 instead of X/10.
interesting. never been good at that X stuff :) it's good you clarified that.