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Why Should You Consider Accumulating Steem Power? by kevinwong

View this thread on: hive.blogpeakd.comecency.com
· @kevinwong · (edited)
$3,067.69
Why Should You Consider Accumulating Steem Power?
<center>![](https://steemitimages.com/DQmRsNvhGQx5G8tfMm9eZdXgeWZNi52nmgrtKApaob3yjja/image.png)</center>

# Dear readers,

Ever since joining this community a year ago, I've been accumulating Steem Power by posting, voting, and commenting about all sorts of things. That said, I've also purchased Steem using Ether during Steem's Great Depression. So I've mostly just held onto Steem Power, investing in Steem's potential long-term value. It's only recently that I powered-down ~15% of my total Steem Power to upgrade my equipment and for investing in other projects in the blockchain space.

---

# Reasons to accumulate Steem Power?
For newbies: there's a distinction between Steem and Steem Power. Steem is a token that you can trade freely, but it can also be transformed into Steem Power. Here's what Steem Power is, as explained in the Steemit wallet interface:-
> *Influence tokens which give you more control over post payouts and allow you to earn on curation rewards.*

That's what Steem Power does, but I suspect many of us have different perspectives and motivations, so I'll explain what Steem Power means to me and why I've kept it for so long.

<center>![steem1.png](https://steemitimages.com/DQmNjRLWZbDK5tEShdzk5rwZebjQeV7281AvgBDUW7ejB1a/steem1.png)</center>

## 1) I want to have an amplified influence over the network

The more Steem Power, the more weight my vote has over the network. I would like to shape the network in my own little ways, going for a diversity of content and individuals alike. As highlighted in one of my posts - [The New World Blogger](https://steemit.com/story/@kevinwong/the-new-world-blogger), I want to be an active investor on the platform and Steem Power seems to be the best way forward. It also helps that I have the agenda of helping myself and others pursue our interests.

### *As a content creator*
I get to reward engaged followers and build myself a swarm of users that assists me with little things, whatever it may be. I don't want to be just another social account with many followers coming in to like my stuff, so having a good amount of Steem Power is a great simple way for me to reward those that help enrich my online presence around here with their comments and contributions. It totally makes sense for me as a content creator wanting to build my own following to accumulate Steem Power.

### *As a content consumer*

I get to reward exactly that - great content, and great accounts. Voting on them is also a way of giving them more influence over the network in the future, as long as they accumulate Steem Power. There's really no better pleasure than to be truly supporting content creators that I like. It's a paradigm shift that is light years ahead of any social media platforms. I wouldn't be just another random account coming in to increase anyone's number of likes. My vote is actual social currency. It has the ability to financially support and enable independent producers. 

### *As a co-owner of Steem* 
Just like everybody else with Steem Power, I get to reward new accounts trying out the platform, and influence activities that will improve the platform over time. The only difference is the magnitude of our influence. So in that sense, I've accumulated Steem Power and kept it more than most users just so I could maintain a growing influence at the early stages.

In short, having skin-in-the-game aligns our interest in building out the network, and it's my hope that the community sees this and support long-term players. 

<center>![steem1.png](https://steemitimages.com/DQmNjRLWZbDK5tEShdzk5rwZebjQeV7281AvgBDUW7ejB1a/steem1.png)</center>

## 2. I want to grow my share of Steem over time

Personally, I have plenty of reasons to believe in Steem's long-term value. You may check out one of my old posts - [ASDF: The Simplest Explanation for Steem's Key Characteristics for Long-Term Growth](https://steemit.com/simplest-explanation/@kevinwong/asdf-the-simplest-explanation-for-steem-s-key-characteristics-for-long-term-growth). With more Steem Power, I am able to acquire more curation / voting rewards out of my activities influencing the network. In short, I get more Steem just by spending time on the platform - this is great, almost like a passive income too, and I can be on-the-move doing this!

Check this guide out for curation rewards: https://steemit.com/curation/@liberosist/mind-your-votes-ii-a-guide-to-maximizing-your-curation-rewards

Also, consider this - if Steem's inflation algorithm remains the way it is, we'll have about 660 million Steem in existence by year 2036. Think about that number for a second. If Steem has the ability to land in the hands of everyone on this planet, everybody will on average, own less than 1 Steem! Imagine how valuable that can be. But let's be way more conservative: if there are 1 million users by 2036, then each user will on average own 660 Steem.

<center>![steem1.png](https://steemitimages.com/DQmNjRLWZbDK5tEShdzk5rwZebjQeV7281AvgBDUW7ejB1a/steem1.png)</center>

## 3. I want to invest in the platform that I believe could bring us into an economy of abundance
With Steem and any other blockchain platforms running on accountable ledgers with limited production, its peer-to-peer nature in distributed-judgement could supercharge capital distribution and also provide aid to individuals and collectives all around the world that could use it the most. I think Steem's qualities could effectively bring us into a shared economy of abundance through social activities that anybody can perform. Maybe I'm taking this a little too seriously, but I would like to believe that I can do something in helping out with that idea, hence my accumulation of Steem Power.

---

# Conclusion

I think Steem Power is actually highly-underrated in the blockchain space. After actively using it for more than year with others, I can say that it's changing lives. Personally, I hope more of us see the potentials of Steem Power being the extension of our own will in building the platform. This is my opinion why anyone should consider accumulating Steem Power, either by earning them or buying them up (but please, only use disposable income for stuff like this!).

# Shameless plug 
If you like what I'm doing, please consider supporting my works, delegate SP, or follow my trail on [Streemian](https://streemian.com). I will write more about my plans on building a swarm of power users one of these days. I'm seeing way too many great new accounts coming in and could use more help on this front in retaining users, at least through engagement and reciprocation. Thanks for reading!
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 936 others
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vote details (1000)
@abasinkanga ·
My comment is coming in so late, and thats because i am on a quest to acquire steem power, and using the "ask steem" tool to search for helpful content, your post, this post, popped up and i read through it, and it has really been very helpful to me.
thanks for that! i will be following you, and watching out for more educative content from you. 
it is an honour to learn from you.
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@abcdoctor ·
Amazingly informative, thank you.
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@adam.angel ·
Thanks for your explanation of Steem Power. These 'in-my-own-words' type tutorials are very useful, especially to us noobs. Thanks again! New follower!
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@afriaulia ·
Verry nice
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@alex-galbert ·
Thanks for The Great Info
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@alexqurray ·
Great point! 
As a new user here I think you made a great job explaining what steem means.
With this I can say I am really glad to join steem
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@allasyummyfood ·
$0.64
amazing article and definitely so true!!! you have done so well! i cant wait to see you again soon!
👍  
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@kevinwong ·
Haha are we gonna go every year? seems like it!
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@allmonitors ·
steem up and no powering down, steemon!
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@almvide ·
I put all my rewards into Steem Power and are not planning on powering down anytime soon...
👍  
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@andrwooi ·
$1.14
Good piece, @kevinwong. Some are gifted to express in words; others - me included - not so. :) I hope to find a place in Steemit to earn my share haha.
👍  
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@kevinwong ·
Write an introduction piece, look for the #introduceyourself tag, plenty of examples. There are people looking out for this section!
👍  
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@andrwooi ·
👍got that!
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@anforo ·
$1.34
I'm powering up to $30 a day + set my STEEM btc exhange wallet in my mining settings to get more stable growth in STEEMPOWER. It is a very strong coin because it has resistant to BTC downgoing trends! Soon we will all be rich!
👍  ,
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@kevinwong · (edited)
Awesome! I don't even know how to mine Steem (other than blogging / voting). Or you meant that you're mining BTC and converting to Steem?
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@ankursengupta ·
Its been less than a week since I've joined Steem but I'm already in love with the community. I feel Steemit has all the requisites to change social media for good.
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@annelise ·
i hope i can be like you.... in the next 9 month. Im believe in hard work
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@arcange ·
You have been mentionned in my hit-parade of 2017.06.06
Congratulations @kevinwong!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170606) in the following categories:

* Upvotes - Ranked 3 with 797 upvotes
* Comments - Ranked 2 with 272 comments
* Pending payout - Ranked 2 with $ 1499,94
👍  
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vote details (1)
@arthurzee ·
$0.45
some companies tried to create something of this sort... BUT STEEMIT have really DONE it! Well DONE to the Entire TEAM!
👍  ,
properties (23)
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vote details (2)
@kevinwong ·
Haha like which? Yeah we got in at a good time!
properties (22)
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@artila ·
$0.36
Thank you, there is definitely benefit in upgrading Steem power and I aim to do so as much as possible as this is something to build for the long term. Your post is very informative, especially for someone like me being relatively new to the platform.
👍  ,
properties (23)
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vote details (2)
@kevinwong ·
Its the best tipping tool ever.. in essence. Np, feel free to reach out on steemit.chat for the lively community :)
properties (22)
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@artwithflo ·
As a newbie it is still all a bit hard for me to grasp, but this post is helping a lot. Thank you!
properties (22)
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@arunava ·
$0.36
I am new to steemit so can anyone tell me how much Steem Power do i get From 1 Steem token.
👍  ,
properties (23)
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vote details (2)
@kevinwong ·
It's one for one :)
properties (22)
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@arunava ·
Thanks for the info  @kevinwong
👍  
properties (23)
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vote details (1)
@ashi2k ·
Wow! Great insight into the network and long-term thinking.
Really wish I started Steeming earlier.
properties (22)
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@ashwanityagi ·
It is excellent platform and flawless.
properties (22)
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@attraction ·
Great post. Very informative! :) Steem is getting more and more exciting everyday. Very Interesting articles and authors. Thanks for sharing.
Newbie Here :)
👍  , , ,
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vote details (4)
@bearbear613 ·
Thanks. It's hard getting those whale votes.. but I'm accumulating as much SP as I can for a good year.
properties (22)
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@bernz78 ·
$0.74
Ok I understand now. I bought steem and only used half of that towards steem power. My thought was to hold half of my steem until it's $10 per. From reading this article, I now know that I should convert all my steem into steem power because It would increase my  value in steemit, while helping steem increase in value at the same time. And I could always power down when I feel like cashing out. Thanks for this post.
👍  
properties (23)
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vote details (1)
@kevinwong ·
Yup if you're not in a rush to cash out, then it's better for Steem to be in its vested form, Steem Power :) perks are definitely voting rewards and ability to distribute / regulate the supply by voting :)
👍  
properties (23)
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vote details (1)
@bitcoinflood ·
$0.55
Thank you so much! I just started here and honestly this post has been most helpful in getting started. I learned about Steemit from visiting alt crypto places and saw steemit growing in value. This community looks great and so much potential I am glad I got started and am now a part.
👍  ,
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vote details (2)
@kevinwong ·
I'm failing to find such an app in any other coins, so welcome to the right place, i guess!
👍  
properties (23)
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vote details (1)
@bluethread ·
I just joined Steemit a few days ago. It is helpful to have some give an explanation for best strategy in engaging in Steemit.  Thanks.
properties (22)
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@bosjaya ·
Awesome,,,,,Great article.
properties (22)
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@brianm4 ·
Great post, I really like your structure and analysis. I followed, resteemed this blog and will definitely be paying attention to your blogs in the future. Thanks for the great content!
properties (22)
authorbrianm4
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@brianphobos ·
$0.45
Glad to see you could hold on during the depression.  A lot of us were forced out.  My bills were so high I had to utilize some of the money from my power down.
👍  
properties (23)
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vote details (1)
@kevinwong ·
That sucks.. bills are fairly low around my region so its fairly easy to ride out!
properties (22)
authorkevinwong
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@bruckdashel ·
$0.90
I see so much possibility in this future and I am really beginning to like it. I just joined less than a week ago. This community is so much more global and positive than any other social network. I like the focus on quality over quantity. Cheers to the future of Steem @kevinwong! Thank you for sharing and allowing me to learn a little more.
👍  
properties (23)
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vote details (1)
@kevinwong ·
Changing my social feed to Steemit is the best thing ever..
properties (22)
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@bruckdashel ·
So much less toxic energy. My mood has already lifted substantially.
properties (22)
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@bryguy ·
![DQmfVPYivRqNvc6mrK58MrDCy6NcTRsmTPG3TGcRKC4r5vY_1680x8400.jpeg](https://steemitimages.com/DQmR5xYw27L1AuHKMnLPbb5exWKrWePzT71ipPFfLnYu4zn/DQmfVPYivRqNvc6mrK58MrDCy6NcTRsmTPG3TGcRKC4r5vY_1680x8400.jpeg)

all those digits got me tripped out man haha congrats
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@buguela89 ·
$0.93
this is great content as i am a newbie and got to think about how i would be able to use steem power to my advantages. I just feel many people are not thinking of the long run here and as you mentioned in the article you yourself are involved in other projects outside of steem. there is too much going on in the crypto space and i feel a that locking up steem power and only being able to convert it back to steem tokens after 3 weeks may scare some away from the opportunities of growing and helping steem grow faster
👍  
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vote details (1)
@kevinwong · (edited)
I'd suggest updating your profile with some pic, description etc coz i think that's the bare minimum for establishing some identity / brand for your account :) all the best!

Yes, Steem Power is most definitely for long-term gamers, so I personally am not worried with a 13 week powerdown.
👍  
properties (23)
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vote details (1)
@bwmunson ·
I've been figuring this out bit by bit on my own, so this article helps shorten the learning curve for me. It's nice to earn a little something for just trading in ideas, as it gives incentive and support for those ideas to be realized.
properties (22)
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@californicajun ·
Super helpful post. I love the Steemit community!!!!
properties (22)
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@captaincanary ·
$1.32
When I was researching Steem it was at the point I learnt about Steem Power that I really became enthusiastic about this platform, I'd say it's one of the unique features that really sets it apart and makes it tick. I currently have everything in Steem Power, mostly because I actually enjoy using Steemit and I like the ability to reward posts I enjoy
👍  ,
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vote details (2)
@kevinwong ·
$0.06
Yeah it's a killer app, in my opinion.. the rewards distribution just needs to scale well enough at the moment. But like any coins out there, mining becomes more difficult. But at least we've a community here that tries to look out for each other, especially those producing great materials and just generally being good actors in the network.
👍  
properties (23)
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vote details (1)
@carloserp2000 ·
Thanks for your tips, my friend, I have read enough that steem power is very important because it helps you a lot when your votes have a lot of power in addition to the publications, I hope you can go through my blog and observe my publications in Much of it deals with the crisis that my country is currently experiencing ... hits @kevinwong
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@celsohiraoka ·
very nice, good job!
properties (22)
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@chaac.mihkel ·
Thank you for this fantastic explanation.

One question though: Why, in this discussion of the use of Steem Power, have you not exercised that power for the benefit of all of those who have bothered to read and comment?

From my noob perspective, if I had that game changing influence, I would be extra generous in spreading it around. Perhaps there is a nuance to it which escapes me as yet.
👍  
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vote details (1)
@chamviet ·
Please support for [promoting Steemit project](https://steemit.com/steemit/@chamviet/promotion-the-steemit)
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@chickenfeedgames ·
I've only recently gotten into steem. This article really helped, thanks.
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@chrisaiki ·
$0.36
You are a real whale now !
Do you still curate post by hand (reading them !) or are you using a bot, too ?
👍  
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vote details (1)
@kevinwong ·
Not bots, but I do trail a couple of curators at low percentage votes. Manual vote by hand mostly :)
properties (22)
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@chrislo2004 ·
good write up! I am learning to accumulate steem power after reading this article !
👍  
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vote details (1)
@coindaddy ·
I love steem. You really inspire me
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@connecteconomy ·
$0.84
Thank you, Kevin! 
I see the value in accumulating steem power, too. Since I also see my time investment in steem as a long term financial investment, I have started to do my posts with "100% Steem Power" instead of 50/50. 

However for some reason I have only earned cents on my posts since then... 
Maybe it's a coincidence, but do you happen to know if there is a correlation? Do 100% SP posts simply earn less? That wouldn't really make sense to me, but it would be good to know for future "steem management" :)
👍  
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vote details (1)
@kevinwong ·
Nope, but it's wiser to do 50/50 since Steem Dollars are selling at a premium above 1 USD in bitcoin terms. So effectively u can actually gain more steem by going 50/50 at the moment instead of 100%
👍  
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vote details (1)
@connecteconomy ·
$0.45
Oh that's a really good tip! 
Just to be sure - you mean it's better to collect SBD, and then *manually* turn them into Steem Power later, yes? 

And what's the right way to do that - use the "market" function in the wallet to turn them into STEEM?
 
I recently used the "convert to STEEM" function in the wallet and lost half of my SBD value. That's why I thought it's better to power up 100% directly. 

(There should be a warning that you lose half of your money if you use the Convert function, to protect people, I think.)
👍  
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vote details (1)
@cryptobilionaire ·
Great post...got new insight already. Thanks
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@cryptodan ·
$0.53
Steemit has enormous growth potential, and we can all mold the platform just by having Steem Power and voting. What a great way to invest!
I'm baffled by the fact that many people call Steemit a scam simply because they don't understand it or because they have this entitlement that they deserve to make money here and lash out when they fail. Well don't come crying when we land on the moon then lol :)
👍  ,
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vote details (2)
@kevinwong · (edited)
$0.02
Maybe there's no regulation = scam. But it's all voluntary, self-regulated.. so not seeing a problem in this :)
👍  
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@cryptomaniac77 ·
Great post. I've already invested in steem but did not really understand the value of steem power until now :) Thanks a lot.
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@curiousengineer ·
$1.13
Great post, I feel like I really understand Steem power now and I will make an effort to accumulate it. Having the ability to directly reward content creators that you enjoy is an amazing thing!
👍  
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@kevinwong ·
You'd be surprised at how commenting in-depth and early on posts that'll go to trending will do :)
👍  
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@cutnidar ·
nice post kevinwong..!!
always to accumulate steem power more..
👍  
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@cyntechtic ·
$0.45
Though new to this platform, I see this technology at work to transform those who will explore its length and breadth. This is a wonderful piece.
👍  
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@kevinwong · (edited)
Thanks @cyntechtic . I've invested in plenty of cryptos but it's funny that steem takes more than half the time i spend in any community. In a way, i don't think there are any coins that are as high utility as this
👍  
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@dali.soh ·
$0.82
It seems to defy the Keynesian way of thinking that we can actually have an economy of abundance. Traditional fiat money is built upon scarcity. Can somebody enlighten me on the value of holding on to Steem since we cannot use it to purchase everyday goods?
👍  ,
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@kevinwong ·
Well im not keynesian minded anyway so it wouldnt be an easy debate :). Steem purchase for goods are coming over time so imo, dont worry bout that.
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@dali.soh ·
$1.89
Haha. Unless there's mainstream adoption that Steem is actually "money", it will be quite hard to purchase everyday goods. Now, let's think for a moment, how do you value a loaf of bread with a blog post that took 1 hour to write? 

Which is more valuable? To a hungry person, the loaf of bread has more intrinsic value than a blog post. While a university professor might forgo some of his wages by working less at the university to satisfy his intellectual curiosity.

At the end of the day, there's no way to create abundance. Scarcity creates value. If Steem is readily available simply by publishing tons of blog posts, then it is inherently worthless. 

Maybe I'm missing something here.
👍  ,
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@danlocks.com ·
I am also planing to use steem for long term.
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@daydream ·
Keep her steady!👍
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@deveerei ·
Good read, thanks for posting, will follow your advice.
[<img src="https://steemitimages.com/DQmVYoEUMvFueWT5J1WscpFtvWvzC4BKdNxo7q9fmqXXmVP/tumblr_oo4p6luSS51steui8o1_500.gif">](https://steemit.com/art/@deveerei/art-portraits-set-1)
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@dickturpin ·
So if I'm reading your post right (I'm still groping around with steemit) I think we're on the same wavelength? At the moment my goal is to build up my Rep and Steem Power. Hopefully this will reap me better rewards in the long run rather than some one off bonuses right away.

I've bought some steem power but not cashed out yet, well I wouldn't would I with two shirt buttons and penny from 1874 in my account. :-D
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@digicrypt ·
SP is awesome! Do you think SBD will calm down anytime soon?
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@diplomat1982 ·
Thank you for this clear explanation.
👍  
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@drakkomaximo1234 ·
Nice job, thx for the blog, im started in steemit last week, and this information is more important for me.

Blessing for U from Colombia
👍  
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@eduardo88 ·
after this im going to hold!!!
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@elderfinancial ·
$0.39
Thanks for a great article. Quick question to steemians, how exactly does the transfer from Steem into SP and back into SBD work. In terms of %. I have purchased Steem converted it into steem and have significantly less SP.  About 20/25% less. Also my first post I recieved about $20 dollars, 10 being in SBD and only about 7 in SP, so I lost 3 dollars in SP. Does that value gain back when transfered back into SBD or is it lost in the network?
👍  ,
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vote details (2)
@kevinwong ·
$0.02
There's nothing lost, I think it's just the quirk of the moving average price in establishing the price of steem, so I don't think you've lost 3 dollars in SP. The maths behind it are consistent, so I think you've been rewarded appropriately by the network.
👍  
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@elemenya ·
I often wondered about steem power and you explained all the points clearly! Thank you.
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@elevator09 ·
Great article.
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@enlightenk ·
good view~!!
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@epicdesigns ·
great post
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@ercpok ·
$0.39
Great post Steem power is so undervalued and I think it has potential to create the new  mode to use the internet
👍  ,
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vote details (2)
@kevinwong ·
Steem is the social currency layer of the internet :)
👍  
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vote details (1)
@eric-boucher ·
$0.48
I have the very same feelings about the STEEM POWER and have been building it consistently, not having down powered once in over a year already...

Though I am considering doing so eventually, it is not for tomorrow! Thanks for another great write up, namaste     :)
👍  
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vote details (1)
@ericwoelk ·
$0.06
For this reason I have put all Steem into Steem power! Invest in the system and long term!
👍  
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vote details (1)
@everittdmickey ·
$0.49
analogy (imprecise but it will do)
SteemPower is capital
Steem Dollars in interest.

Spend the interest. Don't touch the capital
use the default rewards setting  of 50/50 and leave it there.
👍  
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vote details (1)
@kevinwong ·
Not bad actually!
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@exyle ·
$2.21
Great piece! Since I joined I have never powered down once. I also bought SP in the Steemit dark ages. I think there is great value in SP. For me it's the only crypto that has an actual use case. Of course there might be more crypto with use cases but this is the only one I actively use on a daily basis.
👍  , , , , , , , , , , , , , , , , , , ,
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vote details (20)
@kevinwong ·
Good stuff, now everybody wish they bought more during  the 15 cent period!
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@kevinwong ·
Lol Dark Ages, The Great Depression. Waiting for another name xD
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@fatpandadesign ·
$0.29
This was an excellent post, very insightful and helpful for a new steemer such as myself.

Thank you for taking the time to write this - I'll be sure to dump as much Steem as I earn right back into my Steem Power, so that I can grow my little sphere of influence like you have :)

Cheers, mate!
👍  
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@kevinwong ·
Cheers! thanks for dropping by :) have fun with the SP!
👍  
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vote details (1)
@fatpandadesign ·
Likewise buddy! SP makes this a LOT more fun ;)
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@fifthangel ·
Very good post,totally agree with you about Accumulating Steem Power
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@firepower ·
Great post Kevin!
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@fitgirl ·
$1.67
This is very motivational. I aspire to contribute my best to Steemit and make it apart of my daily life. I believe this has insane potential and will be abundantly successful in the future. Steem on! :D
👍  , , , , , , , , , , , , , , , , , , , , ,
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vote details (22)
@kevinwong ·
I'm surprised it sounded motivational lol. I think the Steemit feed is in a way better than most social platforms - will see what apps are coming out. Some instagram / twitter clone are currently WIP.
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@fitgirl ·
Its motivational knowing the positive effects of steem and how anyone can collect through this platform. Makes people want to keep steeming!
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@flash07 ·
I see the post it's 1 year old. But your articles helping the newbie like me. Surely the Steem, Steem dollar and Steem power is confusing - and articles like this help us to understand. Thank you for sharing this valuable information.
properties (22)
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@foxxycat ·
you're so funny with "Steem's Great Depression"  :D
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@francisk ·
@dexterdumb
Your resteem may be a few days old, but it is a good one. Thank you for putting it back into view for us. I upvoted you for that reason alone. I had missed it before.

Francis
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@franseng ·
Big UP!
properties (22)
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@freedomnation ·
$0.37
Steemit is already putting other social media networks to shame. They are just centralized money greed corporations who don't really offer anything innovative, creative and intelligent to their users. Steem is a path to follow for many future years and decades hopefully.
👍  , , , , , , , , , , , , , , , , , , , ,
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vote details (21)
@fuckmylife ·
Yes, you might as well go hard or go home. Its all just sweat equity anyways.
properties (22)
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@funkit ·
$0.36
Steem power is da shit! It makes everything worth while. Unfortunately I started late, but it's more and more fun.
👍  
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@kevinwong ·
Only a one year old platform. Not too late :)
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@futurestic ·
Thank you. Super helpful!
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@gindor ·
$0.83
Up till now i only invested in steem power. My post are not picked up, but that is not very weird as I Am not active a very long time. I takes time to build up a valid group of followers and with vallid I mean followers that do not only Follow you because they want you to Follow them back but because you wrote good content. I only powered up with buying steem as i think steempower is the future. Thanks for the post! Followed!
👍  
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vote details (1)
@kevinwong ·
$0.03
It will take time and plenty of engagement and time spent building relationships with others. Just steemit, and have fun!
👍  
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vote details (1)
@glennamayjumaoas ·
Posted 8 months ago but this is exactly what i need today! Thank you for this @kevinwong!
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@goldmatters ·
$1.39
Great article. We are all getting rewards from holding SP now :) congratulates on buying when steem was so undervalued
👍  , ,
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vote details (3)
@kevinwong ·
$0.57
I bought at 2 dollar steem xD lol. So I held onto steem all the way because I don't believe the value is that cheap, paying off :)
👍  
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vote details (1)
@goldmatters ·
$0.57
Your strategy is working so I'm going to say you know what you are doing :)
👍  
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vote details (1)
@granturismo89 ·
$1.98
I'm planning on banking a lil more into the future, but right now it looks like steemit is gonna be my main source of food for a lil while. I transferred my first payout today to a bitcoin debit card and bought a burrito with it. The future is weird.
👍  
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vote details (1)
@kevinwong ·
I chose a year of simple food and cheap travels, extra money all went into cryptos. Even converted a bike into ethers back then.. lol

The future is weird indeed - https://steemit.com/edutainment/@kevinwong/tokenomy-101-mandatory-class
👍  
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vote details (1)
@graviton ·
Sure hope nothing gets in the way of this vision :)
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@gre3n ·
$1.44
Resteemed! A true believer, which I think a lot of us are true believers in this platform. I pondered to myself just recently if I converted most if not all future Steem earnings to Steem power, in 10 years time and I stayed active the whole time, could I have something to possibly live on? Or help a great deal? I really believe with hard work and dedication anything can be a reality. Funny how I just thought about this and then saw your post. Of course I'm still smaller then a minnow on here but there only one way, up! Good article, thanks and Steem on!!
👍  
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vote details (1)
@kevinwong ·
Yeah I've converted all my earnings into Steem power during my first 9 months, it's only recently that i used the 50% earnings for bitcoin and hedging / diversifying all around. If this can kill FB (or at least twitter / insta), then i can't imagine what's next that'll kill this platform, but be rest assured that the feed here is better than anywhere else. We got a community looking out for each other :)
👍  
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@gre3n ·
That's what I love about it here the content, you can get articles, but good quality articles. Not all doom and gloom like the news. People are genuinely happy here and having a good time and showing there skills.
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@greenstar ·
Great article @kevinwong
Thanks for sharing this with us. Following you now!
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@guiltyparties ·
$0.36
As a brand new member I'm not sure if I'll ever be able to accumulate enough Steem Power to amount to anything.
👍  
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vote details (1)
@kevinwong ·
This is only year 1 of steem! It's more difficult now, just like mining any other coins, so the concept of communities are coming out soon to replicate mining pools like u see in bitcoin and such.
👍  
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vote details (1)
@gyanibilli ·
$0.37
I could not agree more. You have put your thoughts nicely together. STEEM is definitely underrated at the moment and everyone should absolutely invest in gathering as much as possible. The more we invest the more mature and trustworthy this platform will become.
👍  , , , , , , , , , , , , , , , , , , , ,
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vote details (21)
@hotvines ·
$0.84
hello @kevinwong i have just bought 9.99 steem through bitcoin. now i am confused did it was a right decision to invest into steemcoin ? suggest me please
👍  , ,
properties (23)
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vote details (3)
@kevinwong ·
I think if you're going to use actively, then voting effectively could earn you more rewards, the more steem power you have. It would depend if you like the platform. If you do , then the decision buy some steem is an okay decision, i guess? Why are you confused, by the way?
👍  
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@hotvines ·
actually steem value is increasing so i invested few bitcoin by purchasing almost 20$ of my bitcoin into steem, is it a right decision?
👍  
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@hotvines ·
and its still not credited in my account , done that transaction almost and hour ago
👍  
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vote details (1)
@hotvines ·
and thanks a lot for your valuable suggestions @kevinwong
properties (22)
authorhotvines
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@investfourmore ·
Thank you for this. I bought Steem through poloniex and just transfered it here. I was wondering if I should convert it to Steem Power and this helped me decide yes.
properties (22)
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@ironshield ·
Thank you for this article.  I'm just starting out, figuring things out.  I hope that after a year, I'll be earning like on this post.  Is is possible to achieve this with having to cash in to purchase steem power?    @ironshield

![](https://steemitimages.com/DQmSZhpFp6kQhjejgPhF3T3BXUERyveRBWZ8B5XH9oxh2qs/image.png)
👍  
properties (23)
authorironshield
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vote details (1)
@irreverent-dan ·
I am not planning on powering down anytime soon but I don't have money / coins to invest in Steem Power either. I have no other option but to keep producing good content, and hopefully, my Steem Power and influence will grow over time :) Thanks for posting this.
👍  
properties (23)
authorirreverent-dan
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@izabellablue ·
Thank you for this valuable info!! Newbie here, trying to tread water and find my place here :)
properties (22)
authorizabellablue
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@jabbo ·
$0.36
Hi Kevin, maybe you could help me. 

I have 233 Steem Power and noticed a sudden overnight drop in my account from about 500.00 to 395.00 when for the last week it was steadily increasing.

I checked the current price of Steem and the total market value in my account doesn't make sense.

Any logical explanation for this sudden drop?
👍  
properties (23)
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vote details (1)
@kevinwong ·
The price displayed is factored by a 7-day moving average
👍  
properties (23)
authorkevinwong
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vote details (1)
@jabbo ·
I see.  Thanks!
properties (22)
authorjabbo
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@jakeduck ·
Wow I see this is a very old post...but I am new and am in the process of researching to learn more about Steem and Steemit. Thanks for this!
properties (22)
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@jankos55 ·
Keep calm and HODL your STEEM POWER!!
properties (22)
authorjankos55
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@jaytop ·
I want get more steempower :)
upvoted and followed you.
properties (22)
authorjaytop
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@jeff001 ·
I'm working on building my SP, still a long way to go.
properties (22)
authorjeff001
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@jerrybanfield ·
$2.83
@kevinwong this is the first post of yours I have seen because I am new and I appreciate you helping motivate each of us to invest in Steem Power for our mutual benefit in building our community here!  Nice work getting in on Steem so early and continuing to invest during the down times!
👍  ,
properties (23)
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vote details (2)
@kevinwong ·
Hey thanks for dropping by @jerrybanfield! Clearly quite lucky to have landed on Steemit early just because my ISP banned Medium and I was looking for an alternative :D
properties (22)
authorkevinwong
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json_metadata{"tags":["steem"],"users":["jerrybanfield"],"app":"steemit/0.1"}
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@johnrenald · (edited)
$0.81
I am following you, as part of your fan reader
👍  
properties (23)
authorjohnrenald
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@kevinwong ·
Thank you @johnrenald thx for droppin by!
properties (22)
authorkevinwong
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categorysteem
json_metadata{"tags":["steem"],"users":["johnrenald"],"app":"steemit/0.1"}
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@johnrenald ·
I am stil hard to find best way how to describe my unique content to other, but step by step is still good to try. hard work
properties (22)
authorjohnrenald
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@jondahl ·
nice post...I like this.
👍  
properties (23)
authorjondahl
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vote details (1)
@jondahl ·
nice post...I like this.
👍  
properties (23)
authorjondahl
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vote details (1)
@josequintana ·
Interesting post! Thanks so much!
properties (22)
authorjosequintana
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@justinb43 ·
$0.64
Well said! Just like you, I think it is wiser to invest in Steem Power instead of just Steem because its and investment for the long-haul instead of the short term.
👍  
properties (23)
authorjustinb43
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vote details (1)
@kevinwong ·
Yup, if you've nothing to lose, my as well just keep as Steem Power and spend time on the platform :) It translates to rewards over time. Don't even need to set up a supernode!
properties (22)
authorkevinwong
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@juvyjabian ·
Indeed, steem had change so many lives and will continue to change the lives of those who were coming.
properties (22)
authorjuvyjabian
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@jwmackay ·
Thanks for the info, Steemit can be fairly overwhelming to new users
properties (22)
authorjwmackay
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@jznsamuel ·
this article was so insightful, and makes a lot of sense. great read! your contribution to building and sustaining this community is much appreciated @kevinwong
properties (22)
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@katebaerfossils ·
$0.20
Thanks for explaining this. I just posted my first post today, and I’m still trying to wrap my brain around all of it. For now, I’m just gonna post the highest quality I can and comment meaningfully and try to go from there ![4297B191-BEF0-4B0D-A207-84610FFBC63B.jpeg](https://cdn.steemitimages.com/DQmZiNqFDif6UwemuTnWy1nqjCktUnZdbPfK9Dz2qZwGKHM/4297B191-BEF0-4B0D-A207-84610FFBC63B.jpeg)
👍  
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vote details (1)
@kiligirl ·
$0.03
You've put your finger on it. The power of this platform rests in the fact that it was designed with a mechanism such as Steem Power.
👍  
properties (23)
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vote details (1)
@krisii ·
$0.45
Great post @kevinwong very useful for newbies like me, thank you.
👍  
properties (23)
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vote details (1)
@kevinwong ·
Np @krisii - thanks for dropping by!
properties (22)
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@kti ·
Luv your post!
properties (22)
authorkti
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@kyleenewman05 ·
Solid article. I was about to post a similair post. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in.  Besides coinmarketcap.com there is:  https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights.  For example:  https://www.coincheckup.com/coins/Steem#analysis To watch Steem Detailed analysis.
👎  
properties (23)
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vote details (1)
@kyriacos ·
$13.70
I have only powered down once recently because I have never done it and didn't know how it worked (lol i know). I have been purchasing SP since the beginning, even with Steem Dollars. You know me. I am an eternal Hodler

https://steemitimages.com/0x0/http://i64.tinypic.com/zuqbeq.jpg

Steemit is the most undervalued token outhere. Seriously, no other coin has such a developed platform or community yet they are valued so much more.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 24 others
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vote details (88)
@alex-galbert ·
I Agree With The Last Part
:)
properties (22)
authoralex-galbert
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@cryptogirly92 · (edited)
$0.10
HODL!!!! LADIES AND GENTLEMAN!
:D
https://s-media-cache-ak0.pinimg.com/originals/f5/43/4c/f5434cf9ac6d2512ea7ad9394acbe469.jpg
👍  , , , , , , , , , , , , , ,
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vote details (15)
@englishtchrivy ·
rotfl :D
👍  
properties (23)
authorenglishtchrivy
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vote details (1)
@dreamchaser ·
@kyriacos I can't agree with you more. This is an amazing platform. @kevinwong Thanks for a great article :D
👍  , , ,
properties (23)
authordreamchaser
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vote details (4)
@kyriacos ·
H O D L
O
D
L
👍  ,
properties (23)
authorkyriacos
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vote details (2)
@fayster ·
https://steamrep.com/steamimage/avatars/24/24dd89a06a0368fb8bc6c7d4a9959caceb8eb906_full.jpg![](https://steemitimages.com/DQmZbtLuM8dhPuixAC6q7sCBAgDH1fakWey477GnxHvSSrH/image.png)
properties (22)
authorfayster
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@hothelp1by1 ·
Strike a pose and, "hodl", it.
U guys, "ROCKET".
properties (22)
authorhothelp1by1
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@jtest ·
I have been here 3 weeks or so.. I did the power down just to see it in action.

Learning through OSMOSIS is similar to learning how to play poker in the military, or learning to play CRAPS at a casino..

Sue we'll teach you,.. ANTI-UP!

![RULE  #11.jpg](https://steemitimages.com/DQmeLrypdxdKaLnGPE42iNzcRstG6WK6ShBvnhnrHGRaAe3/RULE%20%20%2311.jpg)
👍  
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vote details (1)
@kevinwong ·
I dunno, can we say for sure? There might be very engaged large communities out there that we may not know of yet. But relatively to the coin in coinmarketcap, i think it's safe to say like you've said it..
👍  
properties (23)
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vote details (1)
@belidged ·
$0.06
DASH nation comes to mind
👍  
properties (23)
authorbelidged
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vote details (1)
@kyriacos ·
$0.06
nothing is for sure but I can see no other future really
👍  
properties (23)
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vote details (1)
@mikewong ·
I was surprised at how well this platform functions. It's coded brilliantly and the integration is flawless so far.
👍  
properties (23)
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vote details (1)
@kyriacos ·
yeap. we have excellent developers
properties (22)
authorkyriacos
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@oldtimer ·
$3.77
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vote details (10)
@domcrypto ·
properties (23)
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vote details (5)
@uanxufree ·
$2.89
It' so undervalued! other projects with only general ideas and no implementation have a higher market cap. I had the luck to find Steemit scrolling down the top coins charts and like me lots of people will find Steemit in that way. I came here for the money(  wanting to invest in Steem) and I'm staying here for the platform and the community!
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (32)
@elderfinancial ·
$5.12
I am right with you @uanxufree. I came to steem for investment purposes as I saw great potential for it as an investment and have been rewarded wtih an amazing platform of art, news and all kinds of goodness. I have been searching for articles on google, reddit and when I searched in steemit I end up finding the best articles becuase the author wants to create great work to be compensated for it. I frickin love steemit!
👍  , , , , , , , , , , , , , , , , , , , ,
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vote details (21)
@johnsmith ·
$1.95
Yes, this! I can't believe the CMC top 10 is full of so much crap that does so little. Even ETH has nothing that comes close to Steem. On utility and user base both Steem and Bitshares should be in the top 5... would not be surprised to see that happen this year.

A neat thing is happening in the crypto space: in the last six months long-suffering hodlers of various tokens have started to see some serious returns and they want to diversify into ****quality**** tokens. The days of Peercoin and Dodgecoin being awesome because crypto are gone - now just having a block chain is like having a website.

I'm basically in Bitcoin, Bitshares, Steem, Peerplays and Storj on the basis of utility - what can it do, is that useful, can average Joe use it and is average Joe using it. So yes, Steem is undervalued by a factor of 10 right now and we should see $20+ tokens in the near future - there is a lot of hot Bitcoin value looking to diversify.
👍  , , , , , , , , ,
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vote details (10)
@joso88 ·
I agree with you, i didn't find it the same way but as you said i came to buy some coins and now i'm really happy that i've found this nice, absolutely positive community and platform!
👍  , ,
properties (23)
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vote details (3)
@lanceman ·
Thank you so much for this post @kevinwong !  I support your efforts and am precisely in line with your directive.  I have taken advantage of the recent trend to market-tool-load up on SBD, as little as that may be starting out....my goal is to ramp to 300 SBD as quickly as I can while spreading the STEEMIT word....thank you again for the informative post, I think I'm on the right track!
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@lautenglye ·
fantastic...post....deserve my resteem and upvote....now I power up all my steem to steem power... :)
👍  
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vote details (1)
@lazariko12 ·
$0.36
Awesome post, Kevinwong. I have only powered down once, exactly like @kyriacos. I think that it's important to do this sometimes. However, gaining more and more SP is really important as well. This is the main conflict of users on Steemit! Thanks for sharing this great post. I have just upvoted it!
👍  
properties (23)
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vote details (1)
@kevinwong ·
I never tried pressing the powerdown til a couple of weeks ago haha..
properties (22)
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@legionhere ·
$0.06
Excellent  post.  As a new steemit member, this post will help a lot of people understanding for about this website. I will doing the same, that is converting steem to steem power.
👍  
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vote details (1)
@liberian ·
Steem is so under value that I traded some bitcoins for steem. Great post and thanks for sharing.
👍  ,
properties (23)
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vote details (2)
@life-dailydose ·
Power is always good and when it is steem power then its super hero power. Lol
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@lig007 ·
Thanks for the advice.
properties (22)
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@linniek ·
I love the idea of being a co-owner. I think that we are still in the beginning stages of where this platform could go. Early adopters are already seeing huge returns. Stoked!
👍  
properties (23)
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vote details (1)
@lukestokes ·
$0.64
Excellent post, Kevin. I've been powering up most of the way right along with you, and I can say it's an amazing thing to have your influence within a community represented in such a concrete way and to contribute to others just with your votes. **Steem On**
👍  
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@kevinwong ·
I thought i could stop writing steem articles already.. but so many new users omg!
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@lukestokes ·
We're just getting started, buddy. :)
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@lumlum85 ·
$0.93
I think steem is the gold standard right now. Only an opinion but it is relatively stable. It has massive room for growth, and steemit is an awesome platform for content creators.
👍  ,
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vote details (2)
@kevinwong ·
Lol this sounds so bullish. Hmm there may be other better technologies that we don't know of yet, but the platform looks good so far, almost seems like an FB killer if there's any.
👍  
properties (23)
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@lumlum85 ·
So much more, it's an economy of individuals! You are wise to reminds us that there is more coming and you couldn't be more right from the looks of it.
👍  
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@lunz83 ·
Fantastic post! Thanks for the Info, greatly helps a new user 👍🏼
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@makhzar ·
very nice
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@malonmar · (edited)
$0.02
Nice post, totally agree
👍  
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vote details (1)
@mammasitta · (edited)
$0.36
Not once I powered down and I hold on to my hard earned "power" 
BTW I haven't seen you for a while 😜
👍  
properties (23)
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vote details (1)
@kevinwong · (edited)
$0.10
The last time we seen each other was at steemfest1remember ? xD
I'm still around steemit.chat just i tend not to chat that much these days..
👍  
properties (23)
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vote details (1)
@mammasitta ·
#justkidding 
I thought you would not fancy my cat stories 👻 
BTW, I hate chatting , too  much other things  to do, especially hosting my Airbnb guests in Vienna and exploring my hometown. 
See you in Lisbon if you continue supporting to grow my power that I finally get a chance to power down for a good reason : @steemfest
properties (22)
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@manishmike10 ·
Hey, if you have a post about steem witnesses please share.. I really don't understand that..
Love your posts.. followed...😊
properties (22)
authormanishmike10
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@manorvillemike ·
Thank you for trying to explain things to new guys like me. You made it a might clearer.
properties (22)
authormanorvillemike
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@marcus33cz ·
$0.29
There's a lot of potential in Steemit if it can attract some quality publishers. I feel it's like a combination of Reddit (layout, upvoting etc.), Flattr (micropayment for authors of good content) and Quora (smart people).

Reddit is trying to do something similar IMHO with giving gold for quality posts. Steemit could actually be better and more fair in this. But in the end it's all about gaining some traction and that's not going to be easy!
👍  
properties (23)
authormarcus33cz
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vote details (1)
@kevinwong ·
it's gaining traction :) reddit's gold is a joke to be honest..
properties (22)
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@martinst ·
Nice post! Thanks. Please follow me: @martinst
👍  
properties (23)
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vote details (1)
@martinst ·
Nice post! Thanks. Please follow me: @martinst
👍  
properties (23)
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vote details (1)
@matrixdweller ·
Because you have not heard about GOLOS yet.
👎  ,
properties (23)
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vote details (2)
@matt-a ·
$2.29
I personally have been accumulating SP so that I can influence the rewards pool more.  I want to ensure that the pool touches more smaller stake holders' hands.

If we aren't helping the newcomers rise, they aren't going to stay and they're who counts for growing Steem as a whole.  The more the merrier!
👍  , , ,
properties (23)
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vote details (4)
@kevinwong ·
$0.22
Yeah everybody needs at least that first dopamine hit, but best to do it on those who looked like they spent a great deal of time in their first posts! imo..
👍  
properties (23)
authorkevinwong
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vote details (1)
@matt-a ·
$0.85
Yep, I personally vet who I add to my bot.  If they're posting low effort stuff, better luck next time.

If they're actually trying and contributing, then I'm down to help them keep up the good work!  That's what we need.
👍  , ,
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vote details (3)
@mkultra87f ·
$0.16
Yeah it's a bit discouraging seeing that the same people are the ones with the top posts time after time. I'll just have to write more engaging content and comments!
👍  , ,
properties (23)
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vote details (3)
@jhermanbeans ·
$0.03
It's the beauty of this kind of community, that over time the more you post and the better content you create, the more you're rewarded both profit and the ability to influence the community. Keep posting!
👍  ,
properties (23)
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vote details (2)
@matt2525 ·
At the moment steem is at $2.61 :D
properties (22)
authormatt2525
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@mcdevlin182 ·
$0.36
Very insightful post!  Your thoughts on Steem Power, and why you hold on to it is very enlightening.  Thank you for sharing your perspective!
👍  ,
properties (23)
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vote details (2)
@kevinwong ·
Have fun Steeming ^^ thanks for droppin by with the good words
👍  
properties (23)
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vote details (1)
@meesterboom ·
I think now more than ever with Steem increasing in price (not today's moon) it is showing how important and beneficial a little steempower can be. I am storing up all that lovely goodness!
properties (22)
authormeesterboom
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@merej99 ·
Awesome post explaining the benefits of powering up @kevinwong
I've been using my account as a retirement plan but it's turned into a rainy day fund. I couldn't have done it without Steem Power.
properties (22)
authormerej99
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@merrick ·
$1.44
I believe that steem power has become one of the most financial, and economic ways of growing you business. I mean, It is just like Facebook. But, when you post an article you earn some digital currency. This is one of the best platforms I have seen and also can help many small financial businesses grow. The harder you work the more you work the more you earn! I love your post @kevinwong!
👍  ,
properties (23)
authormerrick
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vote details (2)
@kevinwong ·
Yup good for funding micro businesses all around the world, especially those without access to banks and all. Thanks for dropping by!
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@merrick ·
hey @kevinwong you should check out my article https://steemit.com/steem/@merrick/why-choose-steemit-over-anything-else
properties (22)
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@michael.taylor ·
$1.65
Just curious, does steem have a cap similar to Bitcoin? Or does it operate similarly to Ethereum, where it can keep reproducing coin as long as there is demand? Thanks for the post! I'm officially in for the long haul! Power up
👍  , , , , , , , , , , , , , , , , , ,
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vote details (19)
@kevinwong ·
Okay Steem's inflation rate is at 9.5% in the first year. It decreases by 0.5% every year, until it reaches 0.5% - 1.5% (can't remember the exact number) in ~20 years. Today there's 250m steem, 660m steem by 2036.  There's no hard cap for now, much like Ethereum.
👍  
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vote details (1)
@michael14876 ·
$0.45
I'm going to start accumilating STEEM power and only that because of this read! Thank you!
👍  ,
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vote details (2)
@kevinwong ·
have fun steeming!
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@mikenevitt ·
Very interesting article mate I was only the other day asking about steem power
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@mikewong ·
$0.28
Does your Steem Power go down once you vote up? Is it something that we need to constantly refill?
👍  
properties (23)
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vote details (1)
@kevinwong ·
Nope. It doesn't go down as long as you don't power down. It has an interest of 1.5% per year. Plus, you get voting / curation rewards everytime you upvote. So no, it doesn't go down.
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@mikewong ·
Thanks for the insight! I will get some Steem power now =)
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@mkultra87f ·
You convinced me! I'm powering up all my steem now!
👍  
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vote details (1)
@mlmtraffic ·
Good post! I followed you please follow me 🔙
And read This post https://steemit.com/steemit/@mlmtraffic/some-suggestions-for-newbies-steemit-is-good-community-place-for-everyone
👍  
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vote details (1)
@mostshirleyalysa ·
Thanks well put for beginners :)
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@mrray ·
Definitely love your insight on this! As a newbie, I was thinking of investing 100% of my STEEM into STEEM Power, so I can leverage the Power for great opportunities in the future - both in curation rewards and post payouts! Thanks for sharing :)
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@mubarak ·
before work to drink coffee first
properties (22)
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@music4peace ·
Thanks for the great post... thinking I should buy some SPower as soon I can...
properties (22)
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@musicolo ·
I just started out trading in Steem (and other Altcoins) at Bittrex. Still figuring everything out but it's certainly all very interesting! Just joined Steemit as well. Looking forward to see what it will all become.

Great post! Thanks for sharing. As a newbie, this is all very helpfull! :)
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@nateaguila ·
Great thoughts! I appreciate your long-term perspective on Steem Power!
properties (22)
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@naturally.audrey ·
$0.46
Thank you for this post! I saw the value in steem power before reading this, but not to the extent that I do now. Much appreciated!
👍  ,
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vote details (2)
@kevinwong ·
Np - glad the article did a little something!
👍  
properties (23)
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vote details (1)
@newsdesk ·
$1.98
Right there with you Kevin however I have been trying to get to Coinbase to take a deposit for three days now to get ethereum and then on to steem. Their site is constantly playing up or card processing is not working, added to that no human intervention to pick up the issue.
 I am just steeming as the price is rising and I cannot find a straightforward path to get the steem.
👍  ,
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vote details (2)
@kevinwong ·
Ah that sucks! Well, at least you can spend the time trying to mine for Steem by comment / writing posts at the moment :). here's some!
👍  ,
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vote details (2)
@newsdesk ·
Very much appreciated thanks
👍  
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vote details (1)
@nexusvortex777 ·
Excellent bit of information in this post. I have never powered down, either. I am still fairly new to this site, and looking around for ways to improve my reputation score, and generate more visibility.
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@nikita.onopko ·
Amazing article, thanks for that explanation! Very useful!
👍  
properties (23)
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vote details (1)
@nirmal ·
$0.93
Yes, but some people saying that taking 50/50 and then converting Steem to Steem Power is beneficial coz currently SBD Price is better than Steem. Is that so?
👍  ,
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vote details (2)
@kevinwong ·
Yeap at the moment it seems that 100% Steem Power rewards isn't the best move if you want to get more Steem Power, ironically.
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@nirmal ·
I see. Haha, quite a  volatile market. Anyways, thanks for the post.  :)
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@nixlco ·
$1.35
I was thinking of doing the same thing. @kevinwong Thank you for explaining the right reasons why. :)
👍  
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vote details (1)
@kevinwong ·
Np, thanks for reading! :)
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@nomi2233 ·
Very nice post
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@nosajj ·
This post is outstanding! It is both clear an concise and breaks the core concepts down into layman's terms. Thanks for sharing 👍👍
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@novina ·
$2.78
Steem Power!
👍  ,
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@ohamdache ·
It's the best way to accumulate teem power so you can earn more and more over time. really best strategy out there right now.
👍  ,
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@ohamdache ·
Very nice one, hahaa i love it .
👍  ,
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vote details (2)
@oleg326756 ·
$1.98
Recently I came to the same realisation. Sadly, I had already powered down and sold half my STEEM at that point. But I’m holding the remaining half firmly and I’m determined to earned much more by curating and by posting original and quality content!

Thank you for the words of guidance, @kevinwong!
👍  
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vote details (1)
@kevinwong ·
Check this article out by @liberosist for maximising discovery and curation rewards for fun and profit!
https://steemit.com/curation/@liberosist/mind-your-votes-ii-a-guide-to-maximizing-your-curation-rewards
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@oleg326756 ·
Thank you! I saw it a few days ago and have been trying to follow its guidelines ever since!
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@onealfa ·
$0.97
# What a great post !
## It absolutely deserves re-steaming
I call you all , folks, please do it . Re-steam it.  Period.
I did this with pleasure, as I know I can not do even close to this. I still have so much to learn. Even I have just increase my SP 10-fold today (by accident, right a short while before finding this post).
Well...maybe, one day... I will be able to share my own insights the way mr. 
 @kevinwong just did. Maybe you will read that,  if you find a reason to follow...

<center>[![](https://steemitimages.com/50x60/http://steemitboard.com/@onealfa/commented.png)](http://steemitboard.com/board.html?user=onealfa) [![](https://steemitimages.com/60x70/http://steemitboard.com/@onealfa/votes.png)](http://steemitboard.com/board.html?user=onealfa) [![](https://steemitimages.com/70x80/http://steemitboard.com/@onealfa/posts.png)](http://steemitboard.com/board.html?user=onealfa) [![](https://steemitimages.com/100x80/http://steemitboard.com/@onealfa/level.png)](http://steemitboard.com/board.html?user=onealfa) [![](https://steemitimages.com/70x80/http://steemitboard.com/@onealfa/comments.png)](http://steemitboard.com/board.html?user=onealfa) [![](https://steemitimages.com/60x70/http://steemitboard.com/@onealfa/voted.png)](http://steemitboard.com/board.html?user=onealfa) [![](https://steemitimages.com/50x60/http://steemitboard.com/@onealfa/payout.png)](http://steemitboard.com/board.html?user=onealfa)</center>
👍  ,
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vote details (2)
@granit ·
$0.31
I think after one year a steem dollar will go up to 15-20 bucks not bad at all
👍  
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vote details (1)
@kevinwong ·
$0.05
That's a nice accident to have! Thanks for dropping by and the resteem, i really appreciate it :) checking out your account.
👍  
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vote details (1)
@onetin84 ·
<h3>Thank You!</h3> That gave me some insights as newcomer in steemit! I'm slowly stepping up in knowledge. Indeed it's a very complex system behind steemit the more i know the more it's obvious. It's well-thought-out design. Furthermore steemit is in continous development and the rules changing from time to time a litte bit.

From what i learned so far: steemit is ahead of the pack respective other social media platform in terms of incentivizing good content which initiating a flood of mutual help and it's rollin' and rollin' and rollin'!
<br>
https://media.giphy.com/media/l2YWxte7sJB2XuE8M/giphy.gif
animation from giphy.com
<br>
So that helps to build up such a positive and active community and nevertheless ask questions and discuss articles to learn more. I'm convinced that this positive energy helps us/steemit in the long term.

It fulfills also the [**6 basic needs**](https://www.entrepreneur.com/article/240441) i learned from Tony Robbins:
**1. Certainty/Comfort** - tomorrow there will be your steemit account there with your Blog, the community, your reputation, knowing there is a real outcome, fair and clear rules
**2. Uncertainty/Variety** - every day i see new quality content to learn from and give me a new twist - sometimes so encouraging to get an idea for own new article
**3. Significance** - to see the upvotes and comments with are real chance of income is really a driver also if you sometimes not creative enough or lacking of energy, the community pumps you up!
**4. Love & Connection** - if someone likes your content he or she has some kind words for you or even you come together in a chat
**5. Growth** - steemit does that in numerous ways not just to have followers and so called friends and Likes it much more than that i think, in the long term you can influence your life significantly if you're dedicated to steemit!
**6. Contribution** - the feeling to give something away others need, useful content which others need is a great way to find fulfillment in life, yeahhh! - to give without expecting instant reward because it always comes but you don't know when

To look from a personal and business perspective a major incentive in steemit is to build your influence with Steem Power, get Steem or Steem Dollars, being rewarded by other users or the system itself, it's selfsustaining and makes sense to support or to invest a part of my lifetime or even real money.

How it is going to work out in the longer term, we [cannot know exactly like Jeff Berwick iterated](https://steemit.com/bitcoin/@dollarvigilante/don-t-fear-the-fork-the-future-of-bitcoin-and-steem) @dollarvigilante but currently steemit is on the rise and in further development

https://s12.postimg.org/j2mtpahlp/steemit_logo_3_Dv2_320.png
3D logo steemit recreated by author
👍  ,
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vote details (2)
@oren730 ·
good to know!
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@outerground ·
A good article and I understand your motivation for keeping hold of SteemPower so you can be an active investor on the platform. So tell you what come over and value my relatively recent contribution. I reckon I've put a clear 10k worth of work on my blog.. all original and all by me. If you're really interested in the platform you should perhaps encourage content creators like myself and just hand over some STEEM ..which you obviously don't need as much and I'll power it up. I

f you don't ask, you don't get.. I think my content is m your attention, if I'm wrong no worries. I'll see you around cowboy
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@pastzam ·
As a newbie reading this kind of post helps lot!!! Thanx
👍  
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vote details (1)
@pavandm ·
Precisely the article I was looking for , to understand the working of steem in a simple manner
👍  
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@prabhatchugh ·
Great post and the conclusion sums it all.

powering up is like earning from a business and investing right again for bulk purchase, just to increase margins.
ain't it? @kevinwong
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@prakashghai ·
Thanks again for another great explanation.
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@prime-cleric ·
Thanks for explaining in simple terms
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@prizzurp ·
$0.49
I love how big you think. It gives me the hope to earn really good money on here. But it's not just the money that interests me, it's all the content I've seen so far. I'd love to see the community grow further and further and for steem to become one of the greatest platforms! Also I didn't really know what steem power is and what to do with it, now I know. I will save it up so I can also do a difference, even if it's just slight! Thanks again.
👍  
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@kevinwong ·
Everything is voluntary here - take your time :)
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@ptytrader ·
Good post and advice. I bought steem power and use like your saying  for curation rewards.
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@qwesttexas ·
$0.45
Excellent post!  great summarization of why we collectively believe in this platform.  The fact that we can reward those with great content allows us to 'shape' how this platform can be used and what types of individuals will use it in the future.  Thanks for sharing!
👍  ,
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vote details (2)
@racc00n ·
i've registered here last year, but only now tryin' to figure the things out. that was a nice read
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@raybrockman · (edited)
$0.75
Excellant article. Steem power to me has alot more benefits the steem. Yes steem is easier to cash out but thats not why I am here either.
I believe this is the future. Full steempower ahead. Resteemd. Thanks for the share my friend. Followed.
👍  ,
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@kevinwong ·
It depends, sometimes one is able to get more steem by speculating in other markets for greater returns to get more steem instead of relying on steem power to generate voting / curation rewards! Thanks for the resteem!
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@reaverindustrial ·
Hey man i really enjoyed your post, this is all a very new concept to me, but i look forward to steemit growing even more! And we will all be the reasons why!!!
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@reclaimyourlife ·
I am just starting and really looking forward to understanding all this on a deeper level.
👍  
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@reconnectnature ·
wow really enjoyed reading this post ;) thank you so much for sharing your thoughts on steem power :)
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@redje ·
I came for the money and stayed for the community
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@rgeddes ·
$1.98
Hi Kevin - I follow your account  - thanks for the post!   I havent looked into powering up recently but there is some appeal - is there interest still attached to it?  I can't seem to find the most recent info on it..
👍  
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@kevinwong · (edited)
It's only 1.5% interest on Steem Power per year if you're not doing anything on the network. But with voting / curation activities, I think you can go from 0.01 - 1% a week interest on voting / curation rewards. For example, by voting and curating, I'm currently netting about 250 Steem Power / week with a 120k SP account. So that's about 0.2% per week it seems. But the numbers will change I guess, but the heart of curation is to be able to earn by doing it.

You should check this out: https://steemit.com/curation/@liberosist/mind-your-votes-ii-a-guide-to-maximizing-your-curation-rewards
👍  ,
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vote details (2)
@rgeddes ·
$0.18
Thanks for the link from @liberosist - this should be stickied somewhere ;)

2% per week compounding is pretty damn good so long as the currency underneath doesn't shift.  Its active investing because you actually have to curate - but the return is better than lending..  Something to ponder..
👍  
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@rhino ·
Very well explained. I keep powering up with every steem i get.
👍  
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@rmach ·
$0.09
all good reasons!
👍  
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@robbierush ·
Great post about steem power I will always hold my steem power because I enjoy rewarding others and their posts
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@rogasa3000 ·
Our community is the future 😅👍🏼👀
👍  
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vote details (1)
@rok-sivante ·
$0.06
GOLD.

This is getting shared outside the Steemitsphere 4 sho...
👍  
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vote details (1)
@ronel ·
$1.07
Good stuff!
There are 863 crypto coins now. But I have no time choosing or picking the best one. If there are out there that's better than steem, it would just arrive and introduce itself through ads or other ad promotions.  Just letting things go by, steem walked through me through @jerrybanfield and just pick it up and ride. Doing lightly and simply, makes me encountered steem. I'm very glad!
👍  
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vote details (1)
@rusticman1 ·
Power me up
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@s-dbraybrook ·
$3.29
I have recently jumped into steem power for the same reasons. I want to have more of an impact here. Thank you for the great info. Following,upvoted and  resteemed!
👍  , , , ,
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vote details (5)
@kevinwong ·
Thanks a lot @s-dbraybrook for dropping by. It could be disheartening if the price is on a downtrend though - I've been through that, but know it's just a cycle. Collecting Steem Power can be fun :) 

I've checked your account, by the way. Looks like you may have an interest in @steemstem . If you're interested, there are communities around here that help on certain niches. Feel free to reach out
properties (22)
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@s3rg3 ·
$0.56
From the beginning I put everything in Steem Power. I also believe in the long term so strengthening my value is a priority
👍  ,
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vote details (2)
@kevinwong ·
Hopefully we'd get a slow and steady increase in valuation so as not to hurt anyone buying at the top of a spike .. happens all too much in cryptos!
👍  
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vote details (1)
@samuel-earp-art ·
Great post, thank you :)
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@sash-pacino ·
Steem is awesome.
👍  
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vote details (1)
@scintificfox ·
Great Explanation for every new steemit-User. U certainly answered a lot of questions i had.  I really apreciate it. Good work!
👍  
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vote details (1)
@sepracore ·
$1.98
Great post Kevin. I couldn't agree with you more. Steem is very undervalued. I only recently joined but plan to accumulate as much steem power as possible. I wish I would have joined sooner!! Thanks for the post.
👍  ,
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vote details (2)
@kevinwong ·
Have some! Thanks for dropping by and trying out the platform, hope you'll find your way. I'll be around if you need any explanations or suggestions.
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@sepracore ·
Thanks!
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@sergej.stein ·
$1.13
Really appreciate your advise. I am new here at Steemit and I started spending all the Steemit Earnings to accumulate more Steem Power and contribute to the community. Definitely share your approach and view on this platform!
👍  
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vote details (1)
@kevinwong ·
You can use steem earnings to play invest in other projects outside too, sometimes you'll earn more there and get to buy more steem :), but it's also easier to power up and just focus on using the platform.. personally i set a % of earnings for stuff outside of steem
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@sergiomendes ·
$1.34
I am finding very interesting all the info about Steam. I think I didn't gave enough attention to learn more about it when I first joined.
👍  
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@kevinwong ·
I've also emailed Gabe Newell from the Steam gaming platform to accept Steem. Still no reply. haha!
properties (22)
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@sergiomendes ·
Hopefully he will come back to you :D
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@sethlinson ·
$0.45
I wish I had accumulated a bunch of Steem Power back when it was really cheap. Oh well, live and learn.

There's no time like the present.
👍  
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vote details (1)
@kevinwong ·
$0.04
me too! i stopped buying when it went under a dollar for damage control. oh well lol
👍  
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vote details (1)
@sflaherty ·
$0.74
Another great informative post, and I view the Steem Power in the same way, I am constantly put all in it for that future. Gonna share this tomorrow when I wake up with my Steemit Blogger Central crowd, think they need to be enlighted and the power of Steem power....keep up the great work!
👍  ,
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vote details (2)
@kevinwong ·
Thanks @sflaherty - steemit blogger central? awesome - share it out :)
👍  
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@sflaherty ·
Its something I figured could work as a Trojan Horse to the mainstream social media sites, we slip in there promote Steemit, promote users articles and get them followers, in turn hopefully it wakes those who are looking for something like Steemit. I am noticing our Twitter is generating an outside of Steemit crowd fast, even non crypto types. What I been doing is hunting for crypto based articles and slip in non crypto stuff and sticking tags relevant and boom now i am getting a ton of messages of outsiders wanting to know what this Steemit thing is. I working in PIVX in their marketing, budgets didn't happen so I back them but went more full time over here with intentions of being my own boss lol...so I am silently working for the Steemit community because I believe in this platform a ton.

If your curious check them out, love to know what you think. Still low on the likes and follows but we are gaining traction every day, I am a work a holic so it should rise lol

Our Facebook:
https://www.facebook.com/steemitbc/

Our Twitter:
https://twitter.com/steemitbc

Little flashy animation I made to entice lol
![SBCanime.gif](https://steemitimages.com/DQmYgDt3tcUyWzkS8wGpiZSbCd6dpc3ZDoMw6bfyHbDEiyt/SBCanime.gif)

Figure earn my keep around here lol. Love to know what you think seriously, always up for some advice on this project
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@shahzadnisar ·
Great post, you influenced me to convert to steem power, Thank you soo much
👍  
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vote details (1)
@shawnfishbit ·
$0.06
Gosh.  These posts on Steemit are so damn VALUABLE.  Learning the platform is made easy with posts like this.  Followed.  Thanks
👍  
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@shellyduncan ·
$3.64
Thanks for your insights @kevinwong As a newbie, it's good to get the different perspectives and understand different motivations.  I myself like blogging and if I make money on the side - well I am not going to  knock it back.. I think there's nothing wrong with doing what you like and getting money for it.  The whole Steem world can be confusing for newbies, especially if coming in was purely from a content side and little to do with crypto as there is all this other stuff I've  now been opened up to and trying to get my head around! 

Looking forward to hearing more from you
Upvoted, followed and resteemed
👍  ,
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vote details (2)
@kevinwong ·
Lol yeah it can be confusing because plenty of information are just hidden, although i develop this habit of "just steemit", as in "just do it" and see what happens. I've been a longtime "writer" on facebook always producing stuff freely. So moving away from facebook to steemit just doing the same and getting rewards from it has been a good thing. Thanks for dropping by :)
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@siddartha ·
$0.35
Now I have even more reasons to keep accumulation Steem Power. I really liked one sentence in your post!
>My vote is actual social currency.
👍  
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@kevinwong ·
Yup, have fun! if this baby's going up, best to accumulate now if you're not in rush for cashing out and all
👍  
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@sidwrites · (edited)
$1.26
Hi Kevin, quite an enjoyable read. Thank you for posting!

> I think Steem Power is actually highly-underrated in the blockchain space. 

I have started accumulating Steem Power and never powered down before (did just now but cancelled).

I realized I am here for something else. I am here to be an active investor and contribute to the platform.

Who doesn't love influence, right? :)

PS: Appreciate your worker -> active investor explanation. Made my choice easy!
👍  ,
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@nirmal ·
Well, I am keeping the steem power off the records in my mind, for the sake of believing that I just own the SBD i got, there is nothing else I own. The steem power i earn is going to be used up to increase my influence. So, I consider it already spent / invested. ;)
👍  
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@sidwrites · (edited)
Very smart way of looking at things. I am with you.

But then watching others, that greed kicked in.

No longer now.

I am at peace.

http://bsmedia.business-standard.com/_media/bs/img/article/2016-04/04/full/1459763048-0333.jpg
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@sircork ·
Great summary and projections. Optimistic maybe? But aren't we all. Upped, followed and resteemed.
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@sixteen4narchist ·
Is there any way you could help me grow my Steemit account? (:
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@skylineking88 · (edited)
$1.13
I am pretty new my self slowly getting steem  and i switch mine right to steem power. still kinda confussed about voting and how to change the power each vote has  and witnesses. gotta do alot more ready this week as well on HF19
👍  
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@kevinwong · (edited)
Lol even I don't know much about what's happening sometimes, my info might be outdated too! But hopefully they'll update the whitepaper and all that, providing a better sense of what's going on. But i personally trust the witnesses and devs to keep the spirit of the platform in check enough to ease on the technicals and just use the platform - keep on steeming!
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@solarsherpa ·
$0.45
Kevin,

Thanks for posting.  I'm new to Steemit, so I'm still trying to get a handle on how these various things work - Steem Power, Whale Tokens, etc.  This article helps me get a better understanding.

Also, I appreciate #3 where you mention "economy of abundance" as that contains much of my optimism for the future.

Tom
👍  ,
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@kevinwong ·
Just Steemit is the best mantra :) But its great knowing people are trying to find out how it works. Not many people even bother finding out how national currencies or how their cars work at all! The sharing economy is inevitable imo..
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@soldier ·
Great post!
👍  
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vote details (1)
@sotirovmusic ·
Very helpful article!
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@steemboost ·
@steemboost is fighting for each Powered Up STEEM! In the last year we created probably the top PRO-Powering Up account on Steemit! We are so proud to see the current price increase! Wow! This is awesome!
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@steemingmad ·
I'm new to SteemIt ecosystem too.  This post was helpful.  But 666 million ultimate Steem coins seems to be one reason the value is much lower than SBD, as of 12/8/17.  SBD has fixed total coins of only 3.5 million, right?
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@stillwater · (edited)
$1.44
Great post!  Learned from it and enjoyed!  I came here about three weeks ago from the suggestion of a Youtuber I'd been following for years.  I had no idea what the hell steemit or steem was.  I've found that I'm here reading and commenting way more than other places if at all throughout the day with others.  The steem itself, for me, is just a bonus as I've found I love the community and freedom.   Up voted and following!   Now some of you older chaps help me out here cause I'm always a tryin' to learn.  I up voted this post at $920 and it jumped to $986.?  Why so much?  This can't be due to me although I up voted it and it happened?  Others I up vote only go up pennies but this one whoa!  Lots!  Enlighten me oh wise ones, I'm curious.................
👍  , ,
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vote details (3)
@jackson182 ·
That's Insane! Im curious too...
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@kevinwong ·
Nice to see people getting excited about a platform like this, with just such a simple addition on top of what we've been using in other social platforms lol. Have fun! (i'd suggest upload some profile pic and description, just for some branding/identity)
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@reaverindustrial ·
Really liked your post! Some of your ideas were very relatable and easy to understand!! Keep it up @kevinwong
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@stillwater ·
Thank you for the tips.  I will!  Yes, this is a wonderful place.  I'm really enjoying being here. If only others knew although I think they will sooner or later.  Much appreciated!
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@sumatranate ·
$1.44
Thanks for the great article @kevinwong!  One thing that stuck out is increasing Steem Power for the sake of "shaping the network."  That really hit a chord for me!  

We have an opportunity to build authority so that we can provide leverage for people who will be apart of the Steem community someday.  That is a powerful and humbling position to be in!
👍  
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vote details (1)
@kevinwong ·
It is. I mean, it's still possible to "shape  the network" without any Steem Power, just by contributing through comments and posting, but one is able to play more of a part with votes and distributing stakes to build communities too. All the best! (i'd advice to update your profile settings, establish some identity / brand..)
👍  
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@sumatranate ·
Thanks for the advice @kevinwong.  I appreciate it.  Have you written any articles about Steemit branding or know of someone else's articles that would been beneficial to someone new like me?
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@taministy ·
My brother @kevinwong, apologize in advance. can you send me a link to be a blend for me to buy steem power in steemit.
👍  
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vote details (1)
@tantawi ·
good nice @tantawi :)
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@taufar ·
Pro content creator. Cant wait for your new post.
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@team101 ·
Nice post.  It looks as though Steem has a bright future
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@technium ·
I cancelled my power downing for the first time in 3 weeks this week after realizing how much more value it was to build it up ^_^
👍  
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@technological ·
I am wondering what the steemit network would be with a lot of useful apps integrated as well.
👍  
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@technology-trail ·
You folks just have to keep HODL-ING😊
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@thearcanebear ·
Wonderful article!
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@theblindsquirl · (edited)
$0.54
Thanks Kevin,

Your post verified/validated some of the conclusions I had already come to during my 2 weeks here.

And it echoed some of the other posts I've read regarding how to build something here through contributing.

Upvoted, following and will consider following your trail, as soon as I understand what that means.
👍  
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vote details (1)
@kevinwong ·
Some curators focus on different niches. I'm just generally across the board going for diversity, as i think that's what will truly scale. Thanks for dropping by (btw i'd advise setting up your profile with pics, description, etc, at least just to establish some minimum identity / brand!)
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@thejohalfiles ·
$5.62
I too see a future of abundance and peace through blockchains and sharing economy. Great post brother @kevinwong
👍  , , , , , , , , , , , , , , ,
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vote details (16)
@kevinwong ·
Thanks @thejohalfiles, it looks like other technologies besides blockchain seem to be maturing in the right direction as well. Interesting times ..
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@kyriacos ·
$0.98
Unless we have a Star Trek replicator I don't see how we can have abundance

https://media.giphy.com/media/29e7FDThiYl9u/giphy.gif
👍  , , ,
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vote details (4)
@dpencilpusher · (edited)
It's not really about abundance or scarcity, it's about **distribution**. I believe there's enough resources to go round. There's just too wide a gap between the "haves" and the "have-nots". So any system that can help to reduce that gap will be beneficial and is welcome.
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@graviton ·
Abundance is ever-present. Humanity supresses abundance through greed, power-mongering and other fear motivated maleficence. All real progress begins with faith, takes much effort and unity and ends with benefits. If it weren't for these, there'd be little to distinguish us from the animals and we would be living as they do.
👍  , ,
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vote details (3)
@malonmar ·
$0.03
Governments are a danger, but they can not stop or eliminate blockchain. Let's Overcome.
👍  , ,
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vote details (3)
@kevinwong · (edited)
$0.04
If blockchains can prove themselves to be way more effective and able to render big governments useless, I think we'll see change happening in our lifetime. In the end, govs are people too.
👍  , ,
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vote details (3)
@oldtimer ·
$3.81
I hope so.
👍  ,
properties (23)
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vote details (2)
@oldtimer ·
$5.76
The only question I have at the moment is how the governments of the world will react when they start to realize the potential and impact of steem and steemit .
👍  , , , , , ,
properties (23)
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vote details (7)
@galactic123 ·
Well, many people within governments probably will get involved more and more in crypto currencies themselves. Not because they want to bring crypto down, but because they want to profit, too.
👍  
properties (23)
authorgalactic123
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vote details (1)
@kevinwong ·
"What? Why did you guys forget to send us an invite?"
properties (22)
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@mericanhomestead ·
Yeah, this scares me.  They are trying to take notice but most people in places of leadership are not tech savvy at all....so they don't even understand it.  You can't outlaw something you don't understand.  That fact alone will buy us some time to win over the hearts and minds of the people.  The number one job of a politician is to get re-elected so if we can win over the people with blockchain tech, by the time the grey hairs come around, they will be forced to support it.  IMHO anyway.
properties (22)
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@thejohalfiles ·
Same brother, same.
👍  
properties (23)
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vote details (1)
@thelifeofbrian · (edited)
$1.07
They are looking into building crap coins that are not open source and do not have true verification I would imagine ... And will try to push that on everyone ... I wish them luck on the endeavour lol
I see it a lot like the Linux window battle ... only this time open source got off the line first .
But opensource will always win out I think even linux has caught up and surpasses anything windows has to offer at this point .... http://www.kubuntu.org/ just installed the latest ...so so sweet....
And if we put steemit and the crypto world on a meshnet the possibilities are endless 
https://steemit.com/ham/@thelifeofbrian/just-a-dream    the meshnet
👍  , , , , ,
properties (23)
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vote details (6)
@themevlog ·
Thanks for the valuable info that you've put out here!  I am a new steemian and I can definitely benefit from your posts....followed! Resteemed
properties (22)
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@theoriginalkage ·
I just took all my Steem and converted it into Steem Power.  Thanks for the push!
properties (22)
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@thomaskikansha · (edited)
Thanks! This is very helpful for me as a newbie...
properties (22)
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@timmo3663 ·
$0.48
Ive only been on steemit for less than two weeks. I have powered up what ive earned tp steem power. However i must admit its all a little confusing as to what to do. Could you point me to a benimets tutorial of the actual mechanics of how it all wilorks?
👍  
properties (23)
authortimmo3663
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@kevinwong ·
Check this out : https://steemit.com/curation/@liberosist/mind-your-votes-ii-a-guide-to-maximizing-your-curation-rewards
properties (22)
authorkevinwong
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json_metadata{"tags":["steem"],"links":["https://steemit.com/curation/@liberosist/mind-your-votes-ii-a-guide-to-maximizing-your-curation-rewards"],"app":"steemit/0.1"}
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@tinytaruen ·
$0.76
I think steem power is very important for upvoting instead of converting it into money and sell it. People will upvote and follow u just because u have a great steem power. However, with more and more people using steem, many steem coin is generated so that the steeem point will devaluation from time to time....
👍  , , , , , , , , , , , , , , ,
properties (23)
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vote details (16)
@tmill ·
Great post @kevinwong

I have been looking  for a guide on STEEM POWER and this helped a lot. Followed :)
properties (22)
authortmill
permlinkre-kevinwong-why-should-you-consider-accumulating-steem-power-20170606t194251198z
categorysteem
json_metadata{"tags":["steem"],"users":["kevinwong"],"app":"steemit/0.1"}
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@tojukaka ·
Wow
Thanks for this mehn..
Every week i try to accumulate 100 steem
I believe in the long term success of this project and I loveee the effectt that steem has on  my community
properties (22)
authortojukaka
permlinkre-kevinwong-why-should-you-consider-accumulating-steem-power-20170826t045108682z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@truc ·
Great !
properties (22)
authortruc
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categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@urbansteemers ·
Sahmeless plug hahah i like that. usefull and easy to find the question i had. thx a milllion steems
properties (22)
authorurbansteemers
permlinkre-kevinwong-why-should-you-consider-accumulating-steem-power-20171010t171720390z
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@usammiismi ·
Thank you for sharing your thought. Its a good thing to consider. Keep it up. 👍👍👍
properties (22)
authorusammiismi
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@varunpinto ·
Amazing article.. thanks for the info and advice
properties (22)
authorvarunpinto
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@veekay ·
$0.45
I am complete newbie.  Trying it understand and digest everything about Steem, Steem Power or even bitcoin.  Thanks for the post
👍  
properties (23)
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vote details (1)
@kevinwong ·
I wish I know of a great go-to for beginner information. But I think coindesk has some good articles, although i dont think they've stuff on Steem. Anyway, I think it's best to discover steem through the experience of other users :)
👍  
properties (23)
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vote details (1)
@veekay ·
Thanks
properties (22)
authorveekay
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@veerall ·
Wow.. those are really good advisd.. followed and upvoted.. you have a crazy steem power.. ;)
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@victorvazco ·
Great article! I will definitely be powering up more after reading this! 
Please upvote,reply,resteem and follow me @victorvazco, thanks, you're awesome!
👍  
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vote details (1)
@vizualsamuri ·
followed! great post, I've learned a bit more on how this network works in everyones favor. Im buying more steem power:) thanks again!
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@vmsolutionsltd ·
$0.51
@Kevinwong what are your thoughts on the stability of STEEM's growth as a currency? I was talking with @freethink about it the other day. She said that even though STEEM ran up 50% in the past 24 hours that it would not retrace like the rest of the cryptos because she suspects the majority of the rise came from new steemit users and they are all locked in.
<center>https://image-store.slidesharecdn.com/a045c5dc-5ba6-4eee-ab9b-593f17c9b7b4-large.png</center>

There does seem to be a direct correlation between the STEEM currency price chart and searches for Steemit on Google trends.

<center>https://image-store.slidesharecdn.com/bb6c24b0-d77e-427b-9069-dc7cb23b9172-large.png</center>

But I still had to disagree with her because I believe trader gone trade, and as we see the price of STEEM has currently retraced back down from a 50% gain to just being up 22%.
<center>https://media.giphy.com/media/KYNywoibU1PQ4/giphy.gif</center>

Your thoughts?
👍  , ,
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@kevinwong ·
Hmm not much of a technical analysis guy. Just holding onto long-term because I think the fundamentals are right :)
👍  
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@vmsolutionsltd ·
https://media.giphy.com/media/3oGRFp0AqM0BY4axjO/giphy.gif
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@voronoi ·
$1.98
Great post man. Agreed! Steem Power is absolutely making a difference in people's lives (mine included) ... just the beginning of a brighter and abundant future. *POWER UP!*
👍  
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@kevinwong ·
There's so much going on i think the forum thing may work well for keeping in touch with projects imo.. 

STEEM UP
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@wakeupsheeps ·
Well said.  The old saying that it takes money to make money, couldn't be more apropos than in the case of steemit and steem power.  I've been in numerous discussions with newer users about the benefits of powering up and they fight the concept.  If you want to have influence in the community and the prospect of increasing your wallet, you have to have a good accumulation of steem power!  Power Up.
👍  
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@walterz ·
I'm new to Steem, but I have know this community since a while a go. As long as i've been here I see so many solidarity build and the great sharing around.
I wish I join the community early :(
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@warriorlion ·
$0.36
Teach me wise one!  How do I get to your level?
👍  ,
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@kevinwong ·
Lose sleep every night for a year haha.. use Steemit to work on your lifelong problems / solutions etc. Sometimes I produces memes and shitposts too.. i guess just have fun!
👍  
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@warriorlion ·
Haha hopefully you're not losing sleep anymore.  Great job with your posts!
👍  
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@wattacut ·
Thank you . This is an interesting idea.
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@wheatdogg ·
Great advice. As a newbie I am still trying to get all of this straight in my head. This post helped a lot. Thanks!
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@wiser ·
$0.59
That's a pretty good assessment of the potential Steem Power has. I'm actually starting to think of things I can do with increased Steem Power (once I have enough to reward someone a bit more than 2 cents), and yes, it has a lot of potential to help a lot of people out without costing more than the initial investment to acquire the Steem Power. After that it's the gift that keeps on giving.

Steemit hasn't yet succeeded in getting away from the economic paradigm of scarcity, but it is definitely easier to "earn" on Steemit than a lot of other places, so it's a great start.
👍  , , ,
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@kevinwong ·
$0.04
Did I see you over in Viva's channel? Can't wait for that to be out too, quite a complementary app for steem all in all!
👍  
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@wiser ·
$0.49
I'm involved with the VIVA project, so yes, you probably did :) I'm excited about it too.
👍  ,
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@worldwar2hero ·
$1.91
You are a gold mine of information to us newbies here - thank you very much - just spent the past hour reading your posts - excellent info
👍  
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@kevinwong ·
Thanks for dropping by :) I'll try to update as much good info as posisble
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@wvm ·
Awesome post! Re-steemed
👍  ,
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@xredsoulless ·
$0.36
Great post Kevin!! Thanks for sharing, very helpful!
👍  
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vote details (1)
@kevinwong ·
Np, glad it was helpful ^^
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@yacov · (edited)
cool post,
I am with steemit only one month , i had some steem that i bought in poponiex some time ago (when it was much cheaper) i have moved them to steemit and transformed it to steem power  ...i am not thinking of selling my steem even though the price went up recently  ...i truly believe that steem will worth a lot of money in few years time
👍  
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vote details (1)
@yakuhi ·
I believe in the value of steem and it;s ability to grow too. Steem may be undervalued in the market, but I think this is only because Steem is very different from the average crypto. While the platform may be an excellent concept with the hardware and software to back it up, it is still largely unknown in the wider world. We do not need to worry about steem's value for now, just hope that when the world does get to realize, you have enough steem power to reap the benefits!
properties (22)
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@zek ·
very well explained, thanks
👍  
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vote details (1)
@zuljalalil ·
Cool post can be a motifator for me
👍  
properties (23)
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vote details (1)