RE: Are You a Minnow At The Moment? - Shocking Contest Results
i never heard about red fish in the 2.5 weeks i am on here. Otherwise i would have known i was. :-) Steembord : that is the place where we see our rewards, but a reward for getting something does not give you SP or SBD . SBD i still do not know where it stands for !? Steem B? dollar,? Do you mean the red fish in the aquarium on steemitboard? Does that change in something else ? Working the wallet out is a whole fight on it self ! Some one said why you have money in savings, that has no use, so i changed that, but right ? i do not know... the name vests i did hear before and was trying to find what that was. I thought as much as like a share but did not know where to bye. What vests actually Mean? i still do not know. The word it self is unknown for me. When you can get vests with being interactive with people on steemit i think i am. When i like something or dislike it than i will comment. And i will always answer people who comment on my posts, more as i can say of the most, which is a pity because it does not work motivating, you think you are not seen. In the beginning i upvoted everyone i read, not knowing about a bar on https://steemnow.com/ When i found out i had to wait for 48 hours until it would be full again. But when you upvote when your bar is empty, does it let you wait longer before filled up again? Because when your vote bar is empty you better not vote they say. When you best not use your upvote when your bar is empty, than i think that steemit needs to place a like button. It is nice just to show your appreciation for a post. When i like a certain blog i will resteem it, just like the contest blogs that i also will resteem. But i would like a post ability to go with your resteem, so that you can say something to your followers why you resteem. It could be something you thoroughly disgust , and by placing it without your text your followers may think you agree in it. I think you must see out of my post that i have 1001 questions :-) And probably 15000 questions if i would understand more. :-)
OMG - lol 😁 - you really have 15000 questions. It seems to me, I would have to create the whole tutorial with Lesson 1, 2, 3... step by step, as it's really impossible to answer all of them (asked and unasked) here at once.
However, regarding your question does Red Fishes change into something else, I can say depends on each user activity and decision. Meaning, if the member who reaches the higher level (Minnow) decides to Power Down he/she would return back to Red Fish level, as by power down a certain amount of VESTS and accordingly certain amount of SP would be deducted and transferred to STEEM (wallet) where from can be sent to available exchanges and exchanged to Fiat currencies (like USD, EUR etc.). The rest, I think I explained in the article or it could be found on SteemitBoard account here on Steemit. (I left a link to their more comprehensive post but maybe you didn't notice it.)
About the name "VEST" or "VESTS" I really don't know where from it originates, as well as is it some acronym or not. But it seems to me (although it's only my opinion), it might be the same question as it would be - what does it mean the word "Google." In fact, Google doesn't mean anything or at least nothing until we don't know it's only misspelling of the word googol. But then again, how many of us would know what even word googol means?!
Or even better, would the meaningless of the word "google" stop us using the Google? I guess not.
What I want to say with that is that I think it's more important that we learn and understand the functionality of all those things (no matter how they are named) and its mutual correlation that might work in our benefit.
Lol i was only looking for the meaning of the word so i could translate it to dutch and than maybe understand what meant with it. But if found a lot of information here. :https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things
Great! 🙂 It's a good article!
Just keep in mind this is a one-year-old article and the current Interest rate is miles far away from being that high, so we wouldn't be able (just by holding our STEEM in Steem Power) to double it (turn 240 into 480) in 12 months or 1 year. This has been changed long ago and active, if I recall well, only first 2 or 3 months after Steemit launch. After that, it was decreased to something around 9.5% per year, to be even further reduced after HF19 to current, somewhere in between 1% and 2% per year.
All of that is connected with and created to compensate the inflation, I was talking about in on of my previous replies to you (inside the conversation you had here with @rocking-dave).
ye it is a old article but it explains the words. Witch is helpful to me. Thank you.