You are viewing a single comment's thread from:

RE: Powerful and Quick Answers to "What is Steem?" #6

@bwells thank you for contributing so much on Steem with your posts and commenting here!

Witness votes are the most important we make on Steem because each vote lasts indefinitely and chooses which accounts are trusted to produce the blocks that build our blockchain along with deciding on hard forks and receiving up to 260 Steem power a day in rewards. I try to do the most good with each vote I make and update my witness votes each week. The ideal solution for most users is to set a proxy to handle all witness votes which can be removed at any time at https://steemit.com/~witnesses. A few hundred of us with collectively millions of dollars in Steem power have given me the responsibility of voting for witnesses. If we want to actively vote ourselves, we get up to 30 witness votes and making each one for witnesses we actually know, follow, and interact with helps a lot to make sure the witnesses are the top are truly interested in maintaining and building our community.

To help promote Steem, writing about it is ideal to help those searching on Google to keep finding us!

We have no idea what will happen with the SBD price because we do not know why it went up and therefore it could go up again at any time!

I like the budget proposal system in Dash which provides a huge reinvestment in projects designed to grow Dash and I have created a similar system on Steem at https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals

Thank you for asking these questions and helping me see your comment!