You are viewing a single comment's thread from:
RE: Steem Preferred Stocks... Benefits of a type of Steem Power that does not confer voting power.
I think you missed the whole point of this platform.
I think you missed the whole point of this platform.
Actually, I think you did. I have talked with one of the developers, and the money side of it is a major concern. I don't know how long you have been here or watching the price move around, but we are at, hopefully, the bottom of the price. The way the price goes up is people buy, and with this platform, you can lock it in. but you only get part of the reward for locking in from this, the rest comes from curation, part goes to you, part goes to the author you vote on. But you can't just lock in, and exclude your share from being part of the total voting pool. There is a daily amount that gets allocated, from the new Steem mined in the system. Part of that goes to authors (the larger part) and a smaller part goes to those who promote them, the curators.
But this is not all of what Steem is about. Steem is a cryptocurrency, Steem has a smart contract for creating an asset that pegs to the US dollar (and mostly, to therefore, all currencies issued by government approved central banks). It also has an asset called Steem Power, which grants you the power to vote, and assigns a weight to your votes. However, this is exactly like in corporations with their shares. But corporations also have a different type of share you can own, called a Preferred Stock. This one gives you no voting rights, but you get a bigger dividend.