Thank you for making this video. I took one look a couple months ago and found it confusing and did it through Blocktrades. Do you find you get a better conversion here than Blocktrades?

yes, it is free

thanks for the information.

thank you for the steem information, I always support you.

thank you @ paulag it helps me so much

you are very welcome

Previously thanks for your post miss @paulag. I often hear your name in Indonesia. This is my first time to comment or communicate with you. And I'm very happy about that. Your people say very well, give an explanation when people want to ask something. I hope you are happy with this comment.

My name is Jaminuddin Djalal from Indonesia.

Best regards for you.

hi @djamidjalal and thank you for your comment. I look forward to more interaction with you over time

Thanks you so much @paulag. Im very happy.

Hi Paula, You've been up advocating powering up lately. This is one great way to do that alright. Some may not really know how to do it.

this was made by request. I was surprised so many don't know about the internal market, but then there are so many new users each day :-)

Good evening (here anyway) @paulag. New to our Steem Community and just came across your post here, trying to become better educated on "all things" Steem ...

Prior to tonight, when I wanted to increase my stake in our community, I purchased Steem Power directly through BlockTrades, linked to my wallet.

With your video tonight, I tried an experiment, of sorts. I exchanged an identical amount of BTC for both Steem Power (SP) and Steem Dollars (SBD), executing the transactions as close together as I could manage.

Then, again as quickly as I could manage, I went on the Market and bought Steem (STM) with the exact amount of SBD exchanged for above. With that accomplished, then I went in and "Powered Up" that exact amount of STM just obtained from the SBD purchase.

After all that, what did I end up with? Less SP than my direct SP exchange ... I realize the market is constantly going up and down, but the time lag between these transactions was minutes (as far as I know, seconds is not possible ...).

Given your obvious expertise, I am writing all of this down to ask if your experience is different. That is, do you find it advantageous to go through SBD > STM >SP vs. simply exchanging for SP outright?

All input warmly received. If you simply want to provide a link to any other posts you may have already put together on this topic, that would be fine.

I have upvoted your post 100% (and saved it on Busy.org), as I can tell you put a lot into it. And also now following you. [Note: As stated in my introductory post, I am a Business Systems Analyst, so share your passion for systems and data ... 😊 👍]

Steemin’ along and on the move ... Posted using Partiko Android

what % less did you end up with? This is interesting and I have noted there is about .02cent difference

Purchasing directly I ended up with 66.564 SP. Going the SBD > STM >SP route, I ended up with 64.024 SP.

[IMAGE: https://ipfs.busy.org/ipfs/QmQR2vpNVF8KovDiFsMA2Qoz7srZX6yokWxo1Qwtstzo5Z]

[IMAGE: https://ipfs.busy.org/ipfs/QmU38vhWUo9kYYKYqsvJJgfxzYiWUhxNd9exULaFpmiugG]

Here is my own simple calc (in my "crypto" accounting spreadsheet):

[IMAGE: https://ipfs.busy.org/ipfs/QmTWfUSNFfX5GEDjMQJvFsZQ95GRN5duwg1J2ENmA8YGPJ]

[Tech Note: I have an API link to CoinMarketCap for STM and SBD, then calc SP ...]

Having done this for the first time, what I don't know is if there is any sort of time lag in powering up from STM to SP, i.e. it would somehow change in time. From what I could tell from my wallet transaction (see above), there is none.

Is that your understanding?

P.S. While waiting for your response, I was away and came back. Just ran a quick update on my calc:

[IMAGE: https://cdn.steemitimages.com/DQmbmJMnT9Che5BQartf1UWgobY5SbBBvd8mnazDYCDPQ38/image.png]

Wow!! With the downturn in the market today, there must be a LOT of people buying SP!! But, back to the point of my comment, we now see SP is clearly of greater value than STM. On "Powering Up," is the conversion from STM to SP 1:1? If so, then I could now see how the SBD>STM>SP route might be worth pursuing.

As coincidence would have it (Murphy's Law?! 😊), perhaps I just chose to run my little "experiment" at the wrong time.

Looking forward to hearing your further analysis, as your time permits @paulag.

lol I was in bed, I live in Ireland.

SMTs will not always be 1:1. That will depend on how the SMTs are valued, but the exchange will change to all this when SMTs does happen. I think they are talking Q4 for that.

since your efforts the prices have changed again. SBD is now only 1.06 :-( . If it goes below $1, we have an internal system that backs it to $1 so the internal market will never go below this. I wish I had cash to buy Steem now.

The steemit internal market is all automatic, the pricing updates from the feeds supplied by the witnesses and the matching of orders is automatic, so when there are large price changes such as today, it will also depened on the order books within the internal market so there are some factors at play that could cause the difference. You must also remember that coinmarketcap uses an average of all exchanges listed, and the price on coinmarketcap may be different to the exchange too. I know there was a big difference at the start of the month because on one of the exchanges SBD went way up compared to others.

you might find this useful
http://steemcommunity.org/steemit-internal-market-visualization

Good morning (here anyway) @paulag! 😊 Fascinating "new world" we live in, with our Steem Community making the world so much "smaller" ...

SMTs? I thought I had seen reference to that before, so looked it up - Smart Media Tokens? Hmmm. Not sure I understand the tie-in between this reference and "powering up" from STM to SP. Must be related, as you indicate here, to the overall structure of the internal Steem "market forces" ...

Thank you for the link to your excellent work on the Steem Community. Very nicely done! 👍

And yet another new Steem blockchain interface of which I was previously unaware ... Wow!! So much to learn about it "in here" ...

I'll close going back to the central point of my writing to begin with. Before I called it a night last night, I executed the exact same trade again, while "the window of opportunity" was open. Or least maybe it was open (it changed fast and closed the "gap" between STM and SP ...).

Bottom line: Once again, I ended up with less SP going through all the trouble of the SBD > STM > SP route rather than simply using BlockTrades to exchange BTC > SP directly. Unless and until I can find some "advanced" detail somewhere about how to pull this off successfully, I will not do that again. Losing proposition ...

Have a great rest of your day in Ireland @paulag! Your response 100% upvoted.

Steemin’ along and on the move ... Posted using Partiko Android