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RE: Thinking Out The Box: Curation Rewards
It would be one less thing to explain for sure. The times I have seen eyes glaze over when saying, well no, your rewards is actually 75% of what a post makes and half of that is in SBD and half in steem... Etc etc...
we don't even go that far ahead with Steemit Philippines. We just emphasized that there is a platform that pays for quality posts that get voted when liked, compared to other social medias.
Explaining SP is even harder..no one can't imagine having stocks when uploading selfies😅
Haha, I started keeping it to a minimum as well. It works best. Steem power is definitely a tricky one for newbs!!
My friends lost interest so i've learnt not to mention it. Haggis!!!!
Never mention the haggis. That way lies madness!
Even Mel Gibson liked it..and he got worst🤣
Not necessarily. Or to be more precise: Not at all. You can choose "Power Up 100%".
If you choose that, you obviously get all the rewards in Steem Power.
In the case of the Default setting (50% / 50%), you get half of the rewards in Steem Dollars (SBD) and Steem Power (SP). So you actually don't get Steem, but Steem Power.
Steem Power and Steem is two different things, yet still the same. I mean you can convert Steem Power to Steem in 1:1, but that's takes time. You can also convert Steem to Steem power in 1:1 ratio and that's instant.
If you like to convert Steem Power to Steem, you need to do a power down. A Power Down is currently takes 13 weeks. You choose how much Steem Power would you like to convert to Steem and according to the FAQ, you will receive equal distributions of the STEEM weekly, over a 13 week period.
So the things is currently even more complicated than your explanation.
Hehe, yes. That is correct and well done for explaining how it all works. Try explaining that to someone about to join.
The bit you quoted from was me imagining a conversation, not really starting exactly the way it worked :0)