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RE: Why It is A Good Idea to "reinvent" the Wheel Sometimes. WARNING: Major rant!! Calling for a Whale Wake-up!
While i'm not sure how its calculated its not in proportion to signs up people would exploite that. In a year from now we all might be joking just how easy it was to earn a single Steem.
I'm not sure about daily its done weekly.
@enjar yeah. So why do you think our original steem power was removed? As an attempt to weed people out?
I have two theories behind this.
First, to reduce that cost of “free” accounts that is signing up. They have talk in the past the massive issue all that SP was and how it would be an issue down the road for Steemit growth. For them to just grow to the size of reddit would have been many billions in value worth of SP to do so.
Second, defang those abusing the free account sign in. Spammers who start out now have massive bandwidth issues if all they want do is spam. Those who are getting around the “only” one free account per person protocols/protections now have less power. I’ve wittiness maybe 500+ botters get their upvoting powers reduce massively due to the changes.
So, while we all love to have more SP and that free stuff will be missed. It is going to help grow Steemit at a reasonable price. People looking to abuse the system now have much less power via free route.
That makes a lot of sense. Thx for sharing your insight on this
As I understand it : When you open your Steemit account for the first time you are sponsored x amount of SP. If you're buying an account ( you want a second account of you lost your password and need to open a new account. Don't ever lose your password) the minimum is $6 but you start with an sp balance of at least 5. As you progress through the ranks you build up your own sp and you no longer need to be subsidized by Steemit. Those funds are then used for other new accounts. You can check it out on Steemd.com/@yourusername and you can see when the Steem bot ( Steemy I think?) removed it's delegation to you.
Yes I had heard something similar to that but the way you've explained it sheds some clarity on it