"amass enough STEEM" - well that is going to take some time, STEEM is actually my next buy, but how can steem make me money? should i transform it into SP? should i just keep it has STEEM?
You are viewing a single comment's thread from:
"amass enough STEEM" - well that is going to take some time, STEEM is actually my next buy, but how can steem make me money? should i transform it into SP? should i just keep it has STEEM?
I convert all my STEEM and SBD to SP.
A higher SP increases your voting power which enables you to be more valued on here. Also, SP enables you to offset the inflation of the token since SP are given more STEEM to compensate for what they lose due to inflation.
To me, it is a win-win.
Plus if someone does get your key somehow, it takes 13 weeks to power down so someone cannot drain your account like they can with bitcoin and other tokens.