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RE: If you hold Steem Power, you're earning STEEM automatically
That explains the vest in its current position...was it the token (vest) that could have been mined before Steemit emerged?
That explains the vest in its current position...was it the token (vest) that could have been mined before Steemit emerged?
Yes, early on there was mining, but not any more.
yes i know that. What i meant is whether the token that was being mined was vest and not steem...its just my curiosity speaking:P
In the very earliest days the mining paid STEEM and you had to power it up to get SP/VESTS. Then at some point (I believe when the first witness election took place) it switched to mining paying SP/VESTS.
Interesting...thanks for clarification...why is there any VESTS then if it anyway is just SP and vice versa and it has been like that since the very start of the Blockchain?
At the blockchain level there is only VESTS, not SP. The SP concept was introduced to make things easier to understand at the UI level. Opinions different on whether it actually succeeded.
Under the hood, it's all VESTS if we're talking about Steem Power, so yes, I think it was VESTS. Accounts that were mining did not get liquid STEEM as far as I know.
haha thus my curiosity has been satisfied...thanks:)