Man, this is a great quick review of something rather enormous to tackle! GREAT JOB!!! ...And a big thank you for all this information. Though I have been with the platform since last June, I'm still learning more reading this post.
Upvoted and re-steemed. All for one and one for all! Namaste :)
P.S.: Why should I "avoid falling below 70-80% VP"?
Took me some time to put together however I think it is a good start for anyone wanting to know how it all works without getting too confused. Appreciate your feedback.
This will affect your curation returns. The lower the VP, the lower the curation return in simple terms. It is best to maintain a higher VP% and choose more diligently who you vote for and when.