Voting on Steemit can be a confusing thing. Especially if you donโt understand how it all works. Steemit is a blockchain that is fueled by a cryptocurrency. Each week, currency is added to the general pool. When you vote, you are allocating a certain amount from that pool either toward or away from a post.
Voting is a great way to help you grow your Steemit account and gain more followers. It will also help you receive some rewards if the posts you vote on go viral. Watch this video to gain a deeper understanding of how voting works on Steemit.
Watch the video to learn all about voting on Steemit. If videos arenโt your thing then check out the transcript below to read more information on how voting works on Steemit.
Voting! Upvoting! Downvoting! What is it? How do you do it? And what can you do to make it the most advantageous for you? All thatโs coming up next.
Hey guys, my name is Spencer Coffman. Thank you for watching this YouTube channel thatโs all about making information known to you.
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Today weโre going to talk about voting. Now, voting on Steemit is something that you can do to show people that you like their posts.
In addition, itโll help you build a reputation score, help you get more followers, and it will also help you get more people voting on your posts. Because if you vote on someone elseโs post, chances are they may see that and vote on your post.
Not only that, but you can help keep Steemit a clean, safe, spam-free place by voting on those posts as well!

Now, what do you get for doing all this? Other than a better reputation score, more followers, potentially more votes on your posts, you can also get some money back. You will earn whatโs called a curation reward. This is like an affiliate.
If you find a post and you vote on it early enough, and that post, letโs say, goes viral, then you will earn a percentage. And itโll be a higher percentage because you found a post that a lot of people liked so youโre gonna get rewarded for having that foresight. Thatโs to recognize that that post was gonna be good.
Itโs like youโre predicting the future. If you predict a post is gonna do well and you vote on that post then youโre gonna get a big reward because you voted early. But if you vote on a post thatโs already doing well youโre not gonna get as big of a reward because itโs already doing well.
You didnโt really see much then, did you? So that is a kind of a nutshell on why you need to be voting on posts and what you can do.

Within voting, there are two things you can do. One would be upvoting, which is telling someone you like a post. The other one is downvoting, also called flagging. When you flag a post, youโre telling them itโs spam. It doesnโt belong on Steemit.
So when it comes to upvoting this is something where itโs like Facebook. Anytime you like someoneโs post on Facebook you just click like. Now on Facebook, you can click like an unlimited amount of times. You can like all the pages, you can like all the posts, you can like everything. No big deal.

On Steemit, you can only do it a certain number of times. Now, thatโs not quite true because you can do it an unlimited amount of times. The only difference is your value goes down each time you do it.
So the typical numbers are you can vote 10 times in a 24-hour period with your vote values staying and a pretty constant rate. If itโs, letโs say 5 cents, after your tenth time it may be down to 3 cents but itโs pretty constant.
Now if youโre a minnow, and your reputation score is like 30 or below, your votes probably arenโt even worth a penny yet. But if they are worth a penny and you vote 10 times, they will definitely only last maybe 5 votes at a penny and then the rest will be like fractions of a cent. No big deal.

The point is, you can vote about ten times and then youโll be down to letโs say like a zero-rating. After that, you can keep upvoting. People will still get your upvote. It will still help their post because the more upvotes a post gets the faster and higher it can climb in the ranks etc.
However, you will not be attributing any value to that post. So after 24-hours, your value will regenerate and then you can vote 10 more times. So periodically check it.
When you get higher up in the ranks, when you become like dolphins whale stages, you will be able to have a slider where you can control exactly how much money you give to everybody in their upvote.
But for now, every time you vote itโs just a straight allocation of whatever is available. When you get bigger, you have a rotating slider. Usually, itโs when you hit about 500 Steem Power.
You will have that ability to allocate, letโs say, 10 cents to this guy, a penny to that one, a dollar to this one, and so on and so forth. Youโll still only be able to vote 10 times with that value.
Hereโs a great resource byย @simplymikeย onย how to get a slider even if you donโt have 500 SP.

Now, where does this money come from? Thatโs the big question. Well, the good news is, it doesnโt come from you. It doesnโt cost you anything. It comes from a general pool of cash thatโs generated every week.
Every week, the Steemit people generate a certain number of Steem and SBD, whatever type of currency, and they put it into the blockchain. Itโs a limited amount. So thatโs where this comes from.
Itโs divided up between all the Steemit users. They all get a certain amount based on the reputation scores and how much Steem Power they have. So if you have a lot of Steem Power, youโre gonna get more of a voting power reward.
If you have a little bit of Steem Power, youโre gonna get less.

Itโs all a fixed scale depending on your vote power. So if youโre high, you get more. If youโre low, you get less. And itโs incrementally even across the board. You vote ten times, you wear it down, it regenerates after 24 hours.
The thing is, since they only allow so much every week, or only release so much every week, then if all of it gets used up in the first three days, or the first five days, or the first day, more people keep voting throughout the week, obviously.
So where does that come from? Well, that comes from all of the money that was already attributed to previous posts. This is why, if youโre looking at some of your posts and you say, โhey, wait a minute, yesterday I had $2.00 on there today itโs only $1.89.โ Some of your money from that post was taken from you.

After one week you get paid out. After seven days because the new regeneration occurs. Every seven days, more money is released to the pool. Until that 7 day period, your post value can fluctuate because depending on the activity on your post, some money might get taken away and reallocated to more active posts.
This is why your value will fluctuate. This is why itโs also important for you to continue commenting, replying to comments, upvoting other peopleโs posts, all throughout the week-long period so your posts continue to grow in value.

The other side of voting is flagging. When you flag someoneโs post, you are telling them it is spam and it does not belong on Steemit. You can get rewarded for doing this as well. You can flag peopleโs posts and put it in the comments.
There is a bot thatโs out there, itโs calledย @steemcleaners. This place will review anything you flagged and they will determine whether it was a legitimate flag or whether it was a malicious flag. If itโs legitimate, youโll get a reward for reporting that bad content.

Therefore, be very careful when youโre flagging someone. If youโre just flagging them because you donโt like them or because you donโt like what theyโre doing, thatโs not justifiable.
But if theyโre posting something like racism, hate speech, pornography, or anything like that, definitely put a flag on their post and definitely report them to steem cleaners because then you will get a little bit of reward for doing that.

Now, if youโre flagging a post and you maybe want to explain why youโre flagging it, put a comment in there telling the person why you flagged their post.
If this is the case where you just donโt like something they said, put it in there and then if they change it, or if they reply to your comment, you can always go back later and remove that flag and then you could replace it with an upvote and another comment thanking them for making Steemit a better place, or whatever youโd like to do.
But the point is, be careful flagging. Make sure youโre only flagging on justifiable flags.

And then, as far as upvoting goes, vote on as many good posts as you can and do it early. If you do it within the first half-hour is really good, the first hour, the first day, really.
After a few hours, if you notice that there are quite a few upvotes, then you might be better off resteeming that post and upvoting it. Weโre gonna talk about resteeming and the values of it in a later video.
For now, focus on following the people that you think are good authors and upvote their content early on. You can use bots to help you with this. Weโll talk about that in another video.
For now, basically, you have upvoting and you have downvoting, or flagging. Do them in moderation, do them with thought, and do them often and you will get good rewards for doing so.

I want to hear about anything that you have regarding voting in the comments below. If you have any questions at all on how it works, how often you can do it, your voting sliders, whatever the case may be. Post it down there.
Also, take the time to look at everybody elseโs comments because thereโs so much information there and you guys can learn a lot from each other. In addition, if this is your first time here on this channel I would love to have you subscribe.
Itโs all about making information known to you so you can have the information you need to wisely decide on what tools you need to help you be successful online.
Until next time.