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RE: Let's Talk—Why Are You Not Buying and Powering Up Steem?
For me it is because I am stupid and new, I don't really understand how my wallet works or the consequences of different actions with buying or trading the steem and the steem dollars and steem and steem power. Like how do I increase my steem power, should I do that? Does the steem power get used up over time? Is there an advantage to not using the steem power, can you turn steem power into money? I don't really want to do anything until I figure this shit out.
I feel similarly. I'm new and naive. I don't know the benefits or consequences of various wallet actions. I'm inspired to take responsibility for learning and experimenting. Making more time to spend on steemit has proven difficult, as making time for any new hobby or interest can be. Reading the responses to this blog is a good start on learning various possibilities.
I did a couple of transactions of turning SBD into STEEM and into Steem power, its pretty cool because the SBD or whatever is undervalued in the system, so when you exchange it for steem power you actually have an increase in your wallet.
Interesting, good to know. Thanks!
Do you typically use all or most of your steem power each day? I haven't spent a lot of time here, yet. I plan to make more time for steeming :) I'm wondering what you think the benefit of more steem power is. I know that's probably obvious, yet I haven't depleted mine yet so I'm wondering... I finally posted another blog. You can see in my wallet I have more steem power than I've used today.
https://steemit.com/sustainability/@mininthecity/instagram-instafame-no-vehicle-required
steem power is not depleted by posting, bandwidth is. Bandwidth varies throughout the day and each user gets a proportion relative to their amount of steem power, most of the time it does not matter but at times of peak use I get so little bandwith because i have so little steem power that I run out and then cannot do any posting
Got it. I was thinking about how much SP is used for upvoting and resteeming as well. I guess the only way to find out is to be more active and learn from experience. Thanks again.
your SP determines how much your vote is worth, your vote power gets depleted but your SP stays the same.
Ah! More knowledge :)