Steemit.com: Blogging is the new Mining - page 137.

Macno

legendary

Activity: 984

Merit: 1000

Quote from: Macno on July 13, 2016, 03:04:02 AM

Quote from: smooth on July 13, 2016, 02:28:16 AM

Quote from: Macno on July 13, 2016, 02:23:04 AM

Powering down is "all or nothing"? I.e. you can`t turn a part of Steem Power back to Steem, only all of it?

It the cli you can. In the web GUI you can't.

In the GUI, even though it starts powering down all your SP, only 1/104 is powered down per week in practice. So you can stop it after a few weeks.

While the process is ongoing, the portion that isn't powered down yet is unaffected (still counts toward voting power, still earns more Steem, etc.)

Thanks again! I really like the system so far, though I don`t understand everything yet. I keep upvoting stuff but my Steem Power keeps increasing. Am I not supposed to pay the guys something when I upvote them? I would like to upvote you as well Cheesy

Anyway, reading the whitepaper now...

Found the answer to my question on page 40:

"Steem bypasses micropayments completely because when a user upvotes a post it is the
community that pays the bill. The same amount of money will be spent whether the user
upvotes a post or not and the funds will not come from the voter."

ashleybr

newbie

Activity: 1

Merit: 0

Hey everyone.. I just had the worst day of my life, I'm currently on an airport in Bangkok, Thailand and I'm basically stranded here.. my visa is about to epire and I missed my flight home , now I don't know what to do Huh

anyways I just found out about steemit through their instagram and thought why not try my luck. I have nothing else to do anyway.

If you want to read my story, check it out

https://steemit.com/travel/@ashleybr/test

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: truerue on July 13, 2016, 11:29:54 AM

Quote from: lordoliver on July 13, 2016, 11:14:23 AM

yes, thats similar to fixed deposits with higher interest on banks...
And noone would say, "hey, I sell you my bank account", but they say "hey, I sell you my steem account"
You can get steem over the next 2 years or use it to power up your votes.
I have the private key of it, but anyway... you can change it...

Cryptocurrency isn't working like bank, selling bank account is under the law i guess or at least against contract, but in crypto world allowed everything that allowed by code.

Yes, I am really afraid, that crypto will destroy any kind of decency...

truerue

full member

Activity: 156

Merit: 100

Quote from: lordoliver on July 13, 2016, 11:14:23 AM

yes, thats similar to fixed deposits with higher interest on banks...
And noone would say, "hey, I sell you my bank account", but they say "hey, I sell you my steem account"
You can get steem over the next 2 years or use it to power up your votes.
I have the private key of it, but anyway... you can change it...

Cryptocurrency isn't working like bank, selling bank account is under the law i guess or at least against contract, but in crypto world allowed everything that allowed by code.

gravitate

legendary

Activity: 1372

Merit: 1000

Quote from: lordoliver on July 13, 2016, 11:27:54 AM

Quote from: truerue on July 13, 2016, 11:24:30 AM

Quote from: lordoliver on July 13, 2016, 11:18:58 AM

Quote from: truerue on July 13, 2016, 11:13:03 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

Since owner key can be changed at steem, change of account owner is allowed by the game.

You just don't sell accounts. That's not a normal use case. You don't sell facebook accounts or bitcointalk accounts, or battlenet accounts or anything else. You can do that but you just don't! Understand? Its an account not an asset!

It's ok to sell account with some asset linked to it or some valuable items on it. Like selling Steam account with games. Some bitcointalk users selling their accounts here.

Its NOT ok. It may be barely TOLERATED, but not like normal. Only shameless people do it...
I really want to emphasize that!

I might buy it lol.

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: truerue on July 13, 2016, 11:24:30 AM

Quote from: lordoliver on July 13, 2016, 11:18:58 AM

Quote from: truerue on July 13, 2016, 11:13:03 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

Since owner key can be changed at steem, change of account owner is allowed by the game.

You just don't sell accounts. That's not a normal use case. You don't sell facebook accounts or bitcointalk accounts, or battlenet accounts or anything else. You can do that but you just don't! Understand? Its an account not an asset!

It's ok to sell account with some asset linked to it or some valuable items on it. Like selling Steam account with games. Some bitcointalk users selling their accounts here.

Its NOT ok. It may be barely TOLERATED, but not like normal. Only shameless people do it...
I really want to emphasize that!

truerue

full member

Activity: 156

Merit: 100

Quote from: lordoliver on July 13, 2016, 11:18:58 AM

Quote from: truerue on July 13, 2016, 11:13:03 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

Since owner key can be changed at steem, change of account owner is allowed by the game.

You just don't sell accounts. That's not a normal use case. You don't sell facebook accounts or bitcointalk accounts, or battlenet accounts or anything else. You can do that but you just don't! Understand? Its an account not an asset!

It's ok to sell account with some asset linked to it or some valuable items on it. Like selling Steam account with games. Some bitcointalk users selling their accounts here.

johnnywoo2015

hero member

Activity: 824

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: truerue on July 13, 2016, 11:21:08 AM

Quote from: johnnywoo2015 on July 13, 2016, 11:14:17 AM

Can someone tell me some info about SBD (Steem Dollars)? is there any ANN topic? buy/sell orders are thin... very interesting.

https://steemit.com/steem/@dantheman/introduction-to-steem-dollars-sbd

Thanks

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: Alao on July 13, 2016, 11:17:29 AM

Quote from: lordoliver on July 13, 2016, 11:14:23 AM

Quote from: Alao on July 13, 2016, 11:11:33 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

edit: please read about fixed deposits in banks...

From what I read on the site through steem power can't be converted for over two years?

yes, thats similar to fixed deposits with higher interest on banks...
And noone would say, "hey, I sell you my bank account", but they say "hey, I sell you my steem account"
You can get steem over the next 2 years or use it to power up your votes.
I have the private key of it, but anyway... you can change it...

Oh so it is a true investment with interest got you.

its an long term investment. There is no interest, but ROI. And this ROI is long term. That's how it was designed.

truerue

full member

Activity: 156

Merit: 100

Quote from: johnnywoo2015 on July 13, 2016, 11:14:17 AM

Can someone tell me some info about SBD (Steem Dollars)? is there any ANN topic? buy/sell orders are thin... very interesting.

https://steemit.com/steem/@dantheman/introduction-to-steem-dollars-sbd

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: truerue on July 13, 2016, 11:13:03 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

Since owner key can be changed at steem, change of account owner is allowed by the game.

You just don't sell accounts. That's not a normal use case. You don't sell facebook accounts or bitcointalk accounts, or battlenet accounts or anything else. You can do that but you just don't! Understand? Its an account not an asset!

Alao

sr. member

Activity: 493

Merit: 250

Quote from: lordoliver on July 13, 2016, 11:14:23 AM

Quote from: Alao on July 13, 2016, 11:11:33 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

edit: please read about fixed deposits in banks...

From what I read on the site through steem power can't be converted for over two years?

yes, thats similar to fixed deposits with higher interest on banks...
And noone would say, "hey, I sell you my bank account", but they say "hey, I sell you my steem account"
You can get steem over the next 2 years or use it to power up your votes.
I have the private key of it, but anyway... you can change it...

Oh so it is a true investment with interest got you.

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: Alao on July 13, 2016, 11:11:33 AM

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

edit: please read about fixed deposits in banks...

From what I read on the site through steem power can't be converted for over two years?

yes, thats similar to fixed deposits with higher interest on banks...
And noone would say, "hey, I sell you my bank account", but they say "hey, I sell you my steem account"
You can get steem over the next 2 years or use it to power up your votes.
I have the private key of it, but anyway... you can change it...

johnnywoo2015

hero member

Activity: 824

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Can someone tell me some info about SBD (Steem Dollars)? is there any ANN topic? buy/sell orders are thin... very interesting.

Alao

sr. member

Activity: 493

Merit: 250

Quote from: 2lexcross on July 13, 2016, 02:35:52 AM

Quote from: Macno on July 13, 2016, 02:23:04 AM

Powering down is "all or nothing"? I.e. you can`t turn a part of Steem Power back to Steem, only all of it?

10 percent is just a correction, but 50 - people losing trust forever

...Sorry that reply to a higher message

I don't think so..Look at ETH was as $20 and now at $10. At one point it was under a dollar like steem.

truerue

full member

Activity: 156

Merit: 100

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

Since owner key can be changed at steem, change of account owner is allowed by the game.

Alao

sr. member

Activity: 493

Merit: 250

Quote from: smooth on July 13, 2016, 01:50:38 AM

Quote from: Alao on July 13, 2016, 12:37:17 AM

Quote from: kuperis on July 12, 2016, 09:10:18 PM

FTS.. anyone wants to buy Steemit account with 140.3 Steem power ? 0.5 btc

You could easily sell that in Bittrex...

No you can't. Steem power can't be transferred to the exchange to sell.

My bad I got confused. How do convert the steem power to steem.

Alao

sr. member

Activity: 493

Merit: 250

Quote from: lordoliver on July 13, 2016, 11:00:03 AM

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

edit: please read about fixed deposits in banks...

From what I read on the site through steem power can't be converted for over two years?

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: truerue on July 13, 2016, 10:56:22 AM

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

You still should play the game as it is supposed to be played. You are just greedy and want to bypass them.
I guess there are more offers like this to come and I always have to cry if I read them...

edit: please read about fixed deposits in banks...

truerue

full member

Activity: 156

Merit: 100

Quote from: lordoliver on July 13, 2016, 10:51:41 AM

You understand the concept like a guy that went to the bank in order to payout his tight money earlier...

300M $ Market cap isn't early stage for altcoin. Even such great altcoin like this.

Topic: Steemit.com: Blogging is the new Mining - page 137. (Read 348532 times)