Your curation rewards(the amount you earn from upvoting high ranking posts), is much higher if your steem power is higher. I am not sure of the exact numbers.
Good to know, thx.
It is hard for me to explain tbh, but I will try.
At that exact moment, for 248.657 STEEM(tokens) powered up you would receive 1,000,000 VESTS. But, if you go there now the costs will be higher, so if someone had bought 248.657 steem power right at that moment, it has already increased
And that is just after a few minutes. It keeps growing day after day as more and more steem tokens are converted into steem power.
I think I understood, so VEST is what is now known as STEEM POWER (SP), One needs N STEEMs to buy 1 M SPs, and some minutes later 1 M SPs will cost N+q STEEMs, this seems to match the fact that when you power down you get more STEEMs than what it cost you to power up:
Also what I understood from reading the steem power paragraph in the white paper, is that when one powers down (convert steem power to steem) then the resulting steem will be greater than the steem used to power up, provided those steem power tokens were kept long enough (don't know how long).
Thank you for the explanation, I should probably get back to that white paper and finish it
.
There are very powerful selling bots are working at Bittrex... Looking at the market dynamics, it seems like either several powerful holders are competing to sell their STEEM at any cost, or a serious price suppression is going on (someone manipulates the market to suppress the price).
Ok so you think that this is probably the effect of whales trying to bring the price down to buy cheap, then bring it up to sell high? Or myabe buy cheap to power up ...
Some buy speculatively, others to increase their steem power. Some may be buying for the 10% interest on Steem Dollars.
Yes, that sums it all up. Let's just hope that STEEM will regain some value in the future ...
I have already withrawn 100 steem sold for 0.54 BTC.
Nice
From what I'm reading now, edits aren't bugged, so you can edit your posts as normal without the edits affecting the payout. Phew.
That's good news.