Thanks for explaining. Still trying to wrap my head around its workings.
STEEM POWER description under wallet:
"Influence tokens which give you more control over post payouts and allow you to earn on curation rewards.
Part of your STEEM POWER is currently delegated to you. Delegation is donated for influence or to help new users perform actions on steemit. Your delegation amount can fluctuate."
Basically, I can upvote a comment or article giving it more value using STEEM POWER granted to me everyday (cannot hoard it for personal gains). Creates user engagement and drives steemit content.
When other users consider my comment or article worthy, users upvote using their daily allocated STEEM POWER which grants me STEEM DOLLARS. Later, STEEM DOLLARS can be converted to STEEM crypto.
Questions:
- What is difference between spending STEEM and STEEM DOLLARS?
- Why would STEEM DOLLARS be re-used for STEEM POWER?
THanks!