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RE: Making Sense of Steemit Currencies (Steem, Steem Power, and SBD)

in #steemit6 years ago

Thanks so much, @prydefoltz. You're absolutely right that it's a steady (but slow) build at first here on Steemit if you do not invest in the platform. This can even be true for big bloggers & vloggers, if they don't bring their following with them. That's why it kills me to see people cashout their SBD in their first few months. I really feel (if they want to build big here) they should invest everything into Steem Power... at least for the first few months.. if not a full year.

And I agree that people need some incentive for curating content and that could easily be done if their initial SP delegation from Steemit Inc. was more substantial. I'm glad you pointed this out to me a few weeks ago which created @minnowfund. Hopefully the price of Steem will continue to rise to a point where this will be a non-issue.. but for now it's a very real issue. The best bet, as we said before, is to invest if you can.

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It kills me too when I see people with loads of SBD in their account. Sock those puppies into the SP and get them working for you. Alas ... I think some people don't know how to power-up or transfer SBD to SP.

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