Sort:  

Thanks for stopping by @rulesforrebels I saw one of your videos, and now that you are here, just wanted to clarify steempower. You mention a 2yr withdrawal period, but that is no longer the case. I am not sure if Hard Fork 19 made any changes to steempower but I don't think so since I have not seen anyone mention it. So if no changes, then power down (or withdrawing your steempower) will take 12 weeks in weekly payment. So if say you have 12,000 steem power, then you will receive 1,000 steempower a week for 12 weeks, which can be stopped at anytime as well.
These are historic times.
Full Steem Ahead!

Hey buddy thanks for clarifying. This may be a stupid question but I'm still trying to wrap my head around this.

So when I see under a blog post $73, does that legit mean I earned $73 USD or at the very least that equivalent in Steem Dollars?

Personally I'm powering up everything but hypothetically I could turn those SBD into Steem which I guess would still be around $73, which I could then send to Bittrex and change to $73 worth of BTC, which I could then send to coinbse and cash out for $73 USD?

Dropped a pic below just to show what I'm referring to
http://imgur.com/a/gwADl

@rulesforrebels Please ask away.

On the lower right, when posting you will see a check box for either 50%SBD 50% Steem payout or 100%SBD (SBD = steem dollar). I check 50/50 because it lets me then use the internal trading market within steem to buy steem with SBD's especially when they've at times almost doubled.

Now as far as payout... unless it has recently changed which I don't think it has, but what the payout it is something like 75% author and 25% to those that up voted. ANYONE please correct me if I am wrong.

Also, next to your name is a reputation number....I think that also affects payout amounts.

I have powered up about 99% of all I have done here and will cont. to do so for a while.

Okay so out of that $73, $54.75 goes to me and the remaining $18.25 goes to those who upvoted?

Just curious do people who upvoted early get the same payout as someone who upvotes a post which has already earned thousands kind of as an incentive to picking content that turns out to be good or is it the same across the board for all voters?

I was doing 50/50 as it was set that way by default but have recently switched to 100% steem power.

I still have somewhat of a hard time wrapping my head around steem vs steem dollars and why there's a reason for two as well as how to transfer back and forth between the two.

What you mentioned in regards to trading SBD for steem while I dont fully understand it sounds like there's a strategy behind it. So do you want to trade your SBD for steem when the steem value is high?

I think it might be more like 80/20, so author receives more. Those numbers look somewhat off. ( i am being lazy, sorry).

steem dollars was meant to be 1 to 1 with U.S dollar. So in future, say Vendor sells shirt, he sells in Steem dollar since it always worth 1 US dollar. SBD is a token so its tradeable. And steem is the main token. It get complicated to go deeper. Especially since the 1:1 hasn't alway been 1:1 amongst other things.

And I always use the internal market, there is a link for it, upper right, it is faster to use this than to convert, which I don't really understand myself.

And I just hold SBD's because I sometimes give some out, or use to support projects here on steemit as well as other users.

And you want to hopefully have some steem to sell when prices is higher and SBD's at the ready to buy when it is low. Trading is a whole other deep topic.

Hope this helps.

Hey thanks so much for explaining that, clears things up a bit. I was confused by that internal market as when I was trying to trade for Steem Dollars to promote a post it kept taking me there but finally figured out how to do it.

Glad to help and yeah a bit of a learning curve here. You can ask anytime. Also there is steemit.chat and discord app where you will find many top steemit users.
my user name is the same on both...if your user name is available don't use your steemit password for those sites (just a tip).

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 68331.57
ETH 2650.11
USDT 1.00
SBD 2.69