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RE: Understanding the Steem Economic System Vests, SBD, Steem, Dilution interest and all those crazy things.

in #interest7 years ago

I'm able to understand the steem-iverse better now, but I'm still missing a few pieces. Say I have 1 BTC and I want to make the best investment in steemit for the long run - say 5 years. Do I buy STEEM, convert to Steem Power and then the Vests are automatically added to my account? I've read I need to be aware of the rate when converting, but I'm not sure what they're referring to, and it doesn't help that https://steemd.com/distribution is currently down for maintenance, so I can read about it there either.

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