Steemit UPDATE This Tuesday 20th! Explained in Simple Words⚠️HF19⚠️
Hey Steemian, Adil here and we got some Big Changes Coming This Tuesday!
Firstly, Let's look at Distribution of Steem $$$
- Do you see that Little green line?
- Take your time find it... You might need to use a Zoom.
- That's where about 85% of Steemians are.
- About 75% is owned by the 1%
Okay so what's the Hype behind this Update that's happening?
Linear Rewards
Everyone's Say Will now Be Directly Proportional to their Stake in steem (steem Power)
400% Voter's Impact!
In simple terms, everyone will be able to Reward with 400% More Upvote Moneys than Now.
- Important to Note that Voters Will Still Have the Same Limits as they used to. Just now they can Reward more at once, In stead of spreading their rewards little by little. If they choose to!
Consequences -
People with Power now can Max Upvote their own content and make more money or they can comment 15 Times and Give all the money to themselves...
I am not sure if that's a good thing or a bad one. Nonetheless It's happening.
At least now they can give More to You my fellow steemian :)
Other than that:
- They fixed several bugs
- Increased speed on various parts of the website
Thanks for reading, I hope this post was of Value to you!
If yes than please make sure to Upvote, Follow for more tips in future, or at least say Hi in comments :)
I still don't get upvoting. lol
If I like a post after reading it, I leave a comment if I have something to say.
Hopefully I will eventually get clued in as to how upvoting affects my wallet and what my numerical limit of upvotes is per day or per week or per hour or whatever the tim period is.
Steemians with bigger wallets on STEEMIT deserve more power; they have invested more into STEEMIT than I have, and in most cases , they have invested earlier than I have. Good for them, I say.
It will be interesting to see how the HF19 changes affect our behavior on STEEMIT.
Thank you @adil for posting. Peace and love.
Here if you want to Completely understand Steemit.com I have a full guide. It will help you a lot!
https://steemit.com/blog/@adil/open-me-complete-guide-on-steemit-3-0
Let me break it down just for you :)
For you to make actual money Upvoting is not enough.
You Can get 1000 Upvotes, but if no one out of 1000 has any Steem Power you will make $0
Or you can have 1 Full power Upvote from a Millionaire Steemian you will make $20-$40.
It depends who is upvoting you and how much Steem Power(Steem Power is a currency = Money in the wallet)
Wow! Thanks. I thought STEEM was a token, a crypto currency and STEEM POWER was also denominated in STEEM tokens but STEEM POWER was less liquid. To actually move from STEEM POWER to liquid STEEM took 3 months and the process was called powering down. I can increase my STEEM POWER by investng BTC and/or by having my posts nd comments upvoted. That's basically all I know, or think I know.
I am going to love the post that you have linked, just for me and other uninformed or misinformed folk.
Thanks so much, @adil
I'm ready for it 😀
TY!
you are welcome :)
Thank you !
Thanks for resteem! following you
Sounds like good news :)
It's Controverisal, many Whales say it's Bad... I hope it won't be bad :)
Well sound like its good for the minnows more than the whales
please follow me @JoeyArnoldVN #JonesvKelly
Good post @adil!
Do you know the cut off for being a dolphin?
Minnow value=
Dolphin value=
Whale value=
Help me out please, steem power amount I think.
There is not really an exact value break down.
I can tell you approximately.
100.000 and Up - Whales
5-100.000 - Dolphins
0 - 5k Minnows
5k is a dolphin, that's in steem right? 😀
Thank you!!
lets see how things going and also hope for the best.