what happens in the long run if you have steem power?
STEEM Power gives you two measurable benefits in terms of rewards.
Regarding curation, the more SP you have, the higher your rewards can be. All other factors being the same, an account with 1000 SP will earn more curation rewards than an account with 100 SP for any upvote. A 10,000 SP account will earn more than a 1000 SP account. Better curation habits can yield higher results, but generally speaking, more SP should earn you more curation rewards over time if your voting strategy is the same.
The other benefit of more SP is how much your vote is worth. The higher your SP, the more you can earn with a self-vote...and likewise, the more you can give to others when you upvote them.
Other than those two reasons, the benefit is bandwidth use/limiting, but that doesn't really affect anyone but a very tiny fraction of users. It'll be a bigger factor for businesses, should they ever begin using the STEEM blockchain, due to the potentially large amount of daily transactions that they would need.
Thank you.
Steem Power collects interest correct?
Yes, it does collect interest, but that's mostly (or only?) to cover the loss in dilution from the daily inflation. So, it's basically a wash.
Seems like it only covers dilution which is not a "wash" compared to liquid steem.
Of course not, compared to liquid STEEM. I was simply pointing out that the interest from inflation isn't actually "interest." It just keeps you at the same number of vested shares from day to day.
Right, glad to have this finally sorted out. I feel the faq needs updated a bit.
thank you david. i just saw this. so if one does some earning by upvoting his post. oh okay. how do i find out how much my vote is worth?
You can check this out, seems off by a decimal point though. My votes are work about two and half cents right now.
http://www.steemdollar.com/dollar_per_vote.php?name=codydeeds