You are viewing a single comment's thread from:

RE: Was the Launch of Steem a Scam or the Only Legal Way? - Thoughts on Steem by Charlie Shrem a Week Later

in #steem8 years ago

I think that a lot of people see these numbers at the bottom of posts and comments and think somehow that the poster has this money and they can run off and buy themselves a maserati or something. Or have a big weekend with hookers and coke perhaps. But remember, it splits between all 3 tokens, in fact only 1/3 or so, maybe less, can be instantly sold, the rest you wait a week to move it to the tradeable token, and the Steem Power, you only get that back a little at a time over a period of 2 years.

This is an intentional design and the mania about the subject of post rewards never takes this into account. The purpose of this is to automatically give you a stake in continuing to support the system because if it falls, your vested stakes will decline in value.

Sort:  

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 57912.63
ETH 2348.79
USDT 1.00
SBD 2.37