RE: Introducing the Steem Defender Bot. Designed to Protect Steem From Economic Collapse and Support Minnow Growth (Article) by earthnation

Hi @ilyastarar. Our understanding is that when steem is converted into steem power, its converted at the rate at which steem is worth. Meaning, 1 steem turns into .84 steem power if steem is worth 84 cents. Also meaning, 1 steem turns into 7 steem power if steem is worth 7 dollars.

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@ilyastarar · Nov 15 '17

Hi @earthnation, 

Then please be informed that your understanding flawed as I pointed out. SP is basically frozen Steem and its value is same as that of Steem because **it is Steem**.

 ![image](https://img.esteem.ws/3r30wnsryl.jpg)

If you look at the image above, you will see that I bought 5.960 Steem by paying 6 Steem Dollars. Then, the amount of Steem I received was immediately powered up. Exact same amount of SP I got.

Hope you understand. I am a minnow but I did put in a lot of effort to learn about Steemit.

properties (22)