The more steem power you have, the more vests you have, so comment and post and don't power down. :) Steem Power is an oversimplification of Vests; basically vests are what the blockchain cares about, and steem power is making it simple for our brains to wrap around, which is why it isn't quite the same, but is close enough.
VESTS are how many shares you own of the network. The more you have, the more influence you have when voting.
STEEM POWER is another representation of your VESTS, but relative to the total amount of VESTS in the network. As more VESTS are produced each day, your STEEM POWER tends to decrease slowly.
That makes a lot of sense. Everyone learns and see's things differently. Basically your steem power is the amount of shares you would own of a company/entity. That translates to the percentage of power or influence you would have just as if this was a traditional publicly traded company. Does that sound like I have a better idea?
Appreciate you taking the time to explain in different words. Never know whats words will make something click.
The more steem power you have, the more vests you have, so comment and post and don't power down. :) Steem Power is an oversimplification of Vests; basically vests are what the blockchain cares about, and steem power is making it simple for our brains to wrap around, which is why it isn't quite the same, but is close enough.
Thank you for taking the time to explain.
No problem!
VESTS are how many shares you own of the network. The more you have, the more influence you have when voting.
STEEM POWER is another representation of your VESTS, but relative to the total amount of VESTS in the network. As more VESTS are produced each day, your STEEM POWER tends to decrease slowly.
That makes a lot of sense. Everyone learns and see's things differently. Basically your steem power is the amount of shares you would own of a company/entity. That translates to the percentage of power or influence you would have just as if this was a traditional publicly traded company. Does that sound like I have a better idea?
Appreciate you taking the time to explain in different words. Never know whats words will make something click.
You got it!
This is even better thank you!!