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RE: Minnows, Dolphins, and Whales - The Importance of Steem Power (Repost for New Steemit Members)
A very useful post. Should be essential reading for everyone who starts out here.
One point about STEEM power. Those joining the network later are at even more of a disadvantage as the price of STEEM rises higher and higher. That's because it costs them many times more to increase their STEEM power due to the higher price of STEEM and hence SP. It is only going to get worse as time goes on.
I've covered some of these points in my recent post too. I suppose all we can do is try to inform each other and try to help out where we can.
Yep- however I don't ever think that the price of Steem will be super exorbitant- it's meant to stay low to decrease barriers of entry through massive inflation. However, the price of VESTS, or STEEM POWER, will likely never catch up to you- it'll take AT LEAST double what you spent to get where you are, as your Steem Power grows by 90% a year to account for that inflation.