RE: What if people start selling their votes? by godcomplex

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Viewing a response to: @theoretical/what-if-people-start-selling-their-votes

steemit · @godcomplex · Jul 21 '16

$2.11

Not a big deal. If a person wants to sell their votes then they can already and Steem Power also can be sold, and big businesses can sponsor bloggers too if they aren't already.

The point is the votes aren't "free" anymore.

👍 piedpiper, itsjoeco, edgeland, wesam, valen55, ossama-benjohn, jasonmcz, mughat, brindleswan, igster, stephencurry, daycrypter, fonzerrellie, biophil, mixa, perryl, themax37, thephoebe, mgpeter, theoracle, passthepeas, boity, vkoreshkoff, manfaluthi

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@alphabeta · Jul 21 '16

Agree.

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@earnest · Jul 22 '16

If people start selling their votes, I would call it a market democracy

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@elargroup · Jul 22 '16

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@elargroup · Jul 22 '16

Similar to SP, SMD tokens cannot be purchased directly on an external exchange. SMD are primarily earned through contributing but can be purchased by converting STEEM tokens to SMD tokens.

Actually Steem Dollars can now purchased on external exchanges !
https://poloniex.com/exchange#btc_sbd
https://bittrex.com/Market/Index?MarketName=BTC-SBD

PS Abbreviation of SBD = Steem Backed Dollars
or just SD = Steem Dollars (not SMD please edit)

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@jako · Jul 21 '16

"Steem Power also can be sold" How is it possible? By selling your own account?

👍 passthepeas

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@fonzerrellie · Jul 22 '16

if you add steem power from STEEM you can choose to send it to others as an option

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@wesam · Jul 22 '16

$0.12

I don't think  you can send steem power. You would have to power down and wait for the 104 payments.

👍 razvanelulmarin, wesam

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1 reply

@modprobe · Jul 22 '16

Yes, by selling the account. You can only sell all of your SP as a chunk, but it is an option.

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@trove · Jul 21 '16

Would also like to know this. Not sure its possible.

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@cheftony · Jul 21 '16

You can power down your SP, but you have to wait 104 weeks in order to dump all your SP 
(you weekly get  ±1/104 of all your SP converted in STEEM)

👍 passthepeas

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@stellabelle · Mar 12 '20

yeah, and then it gets ruined. Look at how this affected this platform now that it is 4 years later. Didn't turn out too good, eh?

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@wesam · Jul 22 '16

$0.06

I'm trying to figure out how a blogger on steemit would be sponsored on this platform without having to buy steem or steem dollars. They would have to send you payment or BTC off site which would be easy I guess.

👍 wesam

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