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RE: Is downvoting good for steem blockchain ?
What happens if you buy thousands of $$ of Steem and SBD. Do you just automatically become a whale and start geting a lot of $$ of upvotes.
I always wondered that.
Also, what if a whale was to cash out thousands of dollars of Steem. Will his votes just go back down to few cents ?
@cryptosignz yes if you buy a lot of steem and convert it to steem power your vote value will go up accordingly. If you power down it will go down. But remember that you get at most 25% of your vote value unless you vote on your own stuff.
Having lots of SP won't necessarily get your followers though. You still have to create content and get followers etc.
Yes of course. Your rewards depends mainly on your SP. You SP can be litterily thought of as a bank deposit which generates interest in the form of author and curation rewards. You can easily automate the process of getting interest also by assigning your curation task to bots or by delegation of your SP