Ditto what @broncnutz says - plus there are a bunch of websites where you can buy bitcoin (and other cryptos) for fiat currency if you're looking to branch out from Steem. Depends on which country you are.. in the US the main 3 I know of are Coinbase, Gemini and Kraken - at least that's where you can buy it for fiat.
On another note, I'm pretty new year - quick question for you... what is your recommendation for a newbie? To buy $50 or $100 worth of steam to put into your Steem Power as soon as you have a new account? Or buy as much as you can I suppose? In other words, I'm guessing how big an impact that has on your account when you start off...
Holding Steem power makes a very big effect on your uovote power for others......which earns you more money as a curator. It also tips yourself more when you post. Power up all the way for a few years for max potential
Ok...I understand that it helps the upvote, but how does it earn me more money as a curator? Still don't quite get that part. Thanks so much for your help!
The money you earn for your post is not all yours, 75% is yours and the other 25% gets split between curators based on how much Steem power they hold. This is how new coins are generated. The staking of the coins or Steem power creates the security of the blockchain and also mines the new coins in the algorithm
Gotcha, thanks! Ok sorry just ooone more question... so if you choose to use full Steem power rewards on a post instead of a 50/50 split, then do curators still get that 25%?
Ditto what @broncnutz says - plus there are a bunch of websites where you can buy bitcoin (and other cryptos) for fiat currency if you're looking to branch out from Steem. Depends on which country you are.. in the US the main 3 I know of are Coinbase, Gemini and Kraken - at least that's where you can buy it for fiat.
On another note, I'm pretty new year - quick question for you... what is your recommendation for a newbie? To buy $50 or $100 worth of steam to put into your Steem Power as soon as you have a new account? Or buy as much as you can I suppose? In other words, I'm guessing how big an impact that has on your account when you start off...
PS - Just followed you :)
Holding Steem power makes a very big effect on your uovote power for others......which earns you more money as a curator. It also tips yourself more when you post. Power up all the way for a few years for max potential
Ok...I understand that it helps the upvote, but how does it earn me more money as a curator? Still don't quite get that part. Thanks so much for your help!
The money you earn for your post is not all yours, 75% is yours and the other 25% gets split between curators based on how much Steem power they hold. This is how new coins are generated. The staking of the coins or Steem power creates the security of the blockchain and also mines the new coins in the algorithm
Gotcha, thanks! Ok sorry just ooone more question... so if you choose to use full Steem power rewards on a post instead of a 50/50 split, then do curators still get that 25%?