Haha nice post you deserve it! So with something like 15000 Steempower you only get $5 per upvote? But that's of course 50% of the pay out so the rest of the pay out is $5 dollars worth of steem correct? I'm new to Steemit and trying to understand how much steempower equals how much payout for an upvote:)
You are viewing a single comment's thread from:
It means my vote, at full power, with the value of Steem being where it is today, when I upvote, I'll give out about $5 maximum, maybe more. Someone with something like 30000 Steempower would probably be giving out about $10 max votes. The value of the vote will fluctuate with the current value of Steem. If it spikes, my vote will be worth more. If it goes down, my vote will be worth less.
Thanks a lot for your reply it's clear to me how it works now :) So investing in Steempower can be a really good investment in terms of money if the Steemprice goes up. But a very bad investment in terms of money when the Steemprice goes down. But isn't the Steemprice bound to go down because of the inflationairy nature of Steem because it doubles every year? Or doens't the value of Steem necessairy decrease by 50% each year as long as people won't sell the Steem they get?